Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Could the selling really be AOI exit?
I know that Namcor have been naughty boys again with the bail-out and all that but don't think that's relevant in the big picture.
This Walvis action seems a bit isolated to me, like its not the full story/deal, Chevron sitting there, not sure.
Agree with Starvin though the price will be higher circa July 25.
All to play for.
Yes agree Farm-in news & Spud dates will be tangible for us, but as in Guyana with Exxon discoveries more large discoveries in SA/Namibia will carry on moving this I think.
For some reason I thought share value would come from Walvis before 3B/4B. Anyway looks like first drill for us will be 25?
But who knows.
Interesting the CEO quotes 78% success rate in the area. Wow put's Orange into perspective, rule of thumb normally 80%/20% other way.
Also highlights the strong position with Eco in 3D acquisition! Mega.
Another penny or Two today% who knows.
Its not directly Eco news but just in case you missed it.
https://www.youtube.com/watch?v=U4UlUXgC_M8
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.