Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It certainly was easy being a investor i Eco pre Jethro/Joe heavy oil disclosure! PoO at ~ $92 the discovery's seem to be poor commercial assets. Shame that.
Its noticeable to me that resent investment (not solar)has become a distraction away from Orinduik and I guess is a good well intentioned way forward for investors.
Kepping fingers crossed, am keen for significant fist into 4Q.
Yes with the exposure Eco have now it looks very promising.
I am keeping an eye on the Makarapan-1 well in the Demerara block could prove interesting if they drill it.
https://www.offshore-energy.biz/jv-preparing-to-drill-guyana-well-in-2h-2021/
Graff-1 details before Feb 4th
https://www.namibian.com.na/109401/read/Shell-reportedly-discovers-oil-worth-N$344-billion-off-Namibias-coast
If you haven't seen, good stuff.
http://www.alignresearch.co.uk/wp-content/uploads/2022/01/Eco_Atlantic_Align_Update_January_2022.pdf?fbclid=IwAR1KPfUqh_HumHXx67kGAGGJLv3SFTYGnBXsRMcydhqP6TGJI2GOUJ0VtX8
Here we go looks like all out commitment.
"With Operatorship and a 50% WI acquired in Block 2B, Eco joins block partners Africa Energy Corp. - 27.5% WI (Carried), Panoro 2B Limited - 12.5% WI and Crown Energy AB - 10% WI (Carried) (the "JV Partners")."
Did I read that correctly Eco operarship block 2B! Blimey.
Borrowed this from the TLW board.
https://www.bloomberg.com/news/articles/2021-11-10/tullow-pushes-ahead-with-plan-to-sell-oil-assets-in-kenya-latam
Thanks for that noix; I hadn't seen that piece before but think Hammerhead may have slid down the list for Exxon. I don't have any research to hand but will take another look later, Plenty of time I think.
I find this situation a bit embarrassing for Eco really. Oh well.
noix, I was not aware there was any definitive dates for further Hammerhead development? Have you anything to show this? Thought myself that it was put circa 7th on the list for future FPSO and that was years ago.
Market is showing us what they think of the RNS!