Member Info for spudz

Gil speaking in London today

"Headed to the World Energies Summit?

Check out Eco Atlantic CEO Gil Holzman's panel, the "Upstream Outlook: The Americas Opportunities & Challenges" @ 4:30 p.m. tomorrow" (posted yesterday so this means today 14th October.

https://x.com/EcoAtlantic_OG/status/1977698414465794399

Nice find wallact - not sure if it's good or bad news. Great that it will stay in Guyana, and obviously could be used if Exxon got involved in Orinduik. On the other hand it's bad news if Exxon don't get involved as it means one less rig available for us. According to the availability image, the Stena Forth (used for Jethro and Joe) is available (but it's in Spain) https://www.stena-drilling.com/our-fleet/stena-forth/

Interesting that both IJWT and harel seem to have had open communication with Eco, but have differing views. Harel even initially posted that he was in touch with Exxon directly about Orinduik. I see no evidence in both posters history that predictions have come to pass. I still think Exxon is a viable partner despite what harel says.

Also, just watching back on YouTube the last presentation he did online, he said the well needs to *spud* before the January 2026 deadline.

It's worth watching back the interview with Gil after the Africa Oil exit - the "share buy-back". Gil pointed (more than once) to the reduced share count resulting in a bigger impact on deals and drilling that were to come, i.e. everything else other than Block 3B/4B.

He ended the interview by speaking about Eco being "in the process of discussing Guyana - "hopefully finalising a certain deal that will allow us to drill a well during 2025", then straight away mentions Exxon going ahead with Hammerhead and the very positive effect of that on Joe and Jethro.

I'm firmly in the Exxon deal camp, with the delay announcing it due to it being a much bigger deal than a simple farm in. I know harel said earlier that he was sure Exxon were out. Where is harel these days!?

I feel that Gil was confident of this deal back then and that was one reason for structuring the exit of Africa Oil in the way it was done.

Same here LostAllMyShirts - I was a shareholder of HRT Participaoes and held during their three dusters offshore Namibia back in 2013. Feels like a lifetime ago. Now I am most excited about Guyana though.

Or leadership to do something similar to 2020.

“In addition, the Board and management are voluntarily taking pay cuts of up to 40% starting in April 2020 and this will be kept under review on a monthly basis thereafter”.

You can see an example here of a shareholder losing patience and selling out. He was very bullish on Eco, but I guess there's too many other opportunities come up for PIs on a daily basis.

"Got out of my Eco Atlantic position at a loss

Unfortunately it has not worked out

I bought for a farmout of the orinduik license, it has not happened

It's time to cut the losses.

The license might be extended.

This can happen when you play asymmetrical bets"

https://x.com/Riccardino999/status/1970443472881524872

Yeah he says "Hopefully we're gonna drill 3B/4B in 2026" and "later we'll continue our work on Block 1". Definitely need a huge amount of patience with this stock. Looks like Guyana is the only near term catalyst, and that could certainly be a catalyst for the share price to higher or lower!

He qualified it quite a lot by adding "planning" and "hopefully", so definitely nothing concrete. Also, I agree he doesn't look that much older.

That’s not a quote from Gil. It’s papa’s own words.

Hopefully we don’t end up like CGX with a long, drawn out disagreement with the government over the license. I still have faith.

He mentioned Guyana at the end where “we are planning to hopefully drill a well…..(delay and scratch of head)… in 2026”. Do we believe it?

Https://x.com/ecoatlantic_og/status/1974094789915128041?s=46

Someone from California getting offended by the term woke. How predictable.

IJWT has had great insight on this board for years. You'd do well to leave your feelings at the door and listen to him.

"now is there a cretaceous prospect in 70m of water for a jack Up!!"

Yes, there should be. Colin already said in 2018 that jack up rigs were possible for some prospects.

https://oilnow.gy/featured/jack-semi-submersible-rig-options-look-promising-eco-atlantic-colin-kinley/

I think Amatuk would be one for example.

James, didn’t you read the post from redwineday that thinking Eco is anything more than 3B/4B is delusional?

I posted a similar theory on Aug 1st that the FID for Hammerhead is delaying Eco announcing anything related to Orinduik, not the court ruling on the Chevron arbitration, or the elections. Seems obvious to me now to be honest.

Refrain from posting QED until there's an actual news release on Orinduik please. Nothing you have said has been proven.

The next thing to look out for (which may be holding back an announcement that Exxon will farm in) is the FID from them on Hammerhead. That is expected “later this year”. Would make sense that Eco could not announce anything regarding a farm in if there’s some link with Hammerhead as part of the negotiation.

Investing in microcaps is more entertaining than anything on Netflix. Early in the week we have a couple of posters saying Exxon will flex their muscle and bully us out of the Orinduik block, and now another perspective saying we might actually farm out to them and even get Jethro involved in the commercialisation of Hammerhead. I personally think the second scenario is more likely, and would be an absolute dream.