We would love to hear your thoughts about our site and services, please take our survey here.
Exxon & parteners
drilled circa 4 wells in Hammerhead so in my view there must of been a discovery of some kind and Hammerhead was on the short list for FPSO but was relegated I think due to other discoveries.
Exxon have not disclosed and data on the Hammerhead project (I think), however the Hess CEO did mention the Oil may be heavy in a meeting but that's not not all bad news. That said they did invest to drill multi-holes (appraisal)?
So I share a hope that cross production could be achieved commercially. And I ask what would that do for ECO valuation?
Information implies we should get info on Orinduik next 3 months. If the new operator is Exxon then this will be very good news.
Remember Total are the operators in 3/4b so would guess spud price could be IMO anything up to 100p.
We don't know any dates yet but who knows maybe Orinduik before 3/4b; lots of dead time though the interest will come in time.
My thoughts post ops update were this could be finished or maybe Gil and team would come through but was neutral in the outcome.
Well am very happy now, yes a wait till drill 4q or 25/26 but wow that's a good farm-out Sub 100p on spud then could be very happy days.
Be interesting to see the successful bid amount. Was our 700K a good deal? Almost certainly. Guess the shallow block will be bidder by non-super major (see Trove piece on the Tube).
As said before am a bit negative if drilling will take place in 24. However the bids for Guyana could be part of Gil's strategy. And also KH leaving Africa oil and their share holding could be relevant, don't ask me why.
With reference to IJWT post I cannot totally disagree with that. And Hammerhead! Will it be developed?? I guess uplift costs will reduce as time goes on. Maybe we need to give it 5 years or so to be fair.
I noted the latest proactive investor piece on Eco. And you know its not what they say its what they don't say.
To be honest I feel a little let down as an investor.
Okay was spoiled by the 10bags in the glory-days but will history repeat?
The 3b/4b farming announcement I think was due around G-1 results so something changed and now maybe news end of year. I guess there are reasons for this and I find Keith Hills "stepping aside" at AOI could bee significant? Last time I looked he was also a non-vote board member for Eco. so what next hey?