Member Info for wallact

TLW pulled out of PEL 90 licence in Namibia another good safe move (joke) maybe not on talking terms with Shell hey

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

https://www.oilnewskenya.com/namibia-shell-rumored-to-have-discovered-light-oil-at-graff-1-well/

Yes I thought that Gil skipped over TLW a bit and hey have Shell got something in Namibia? (Graff-1)

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.

There are some crazy high futures bets on Brent! Best take a look yourself if interested.

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

Maybe the appetite for Orinduik drilling is similar to that of Hammerhead area; So guess expo/development one day hey.

Thanks Phoebus; Am interested in the "O" word not the "C" so much. But cheers

price held up well; So is there Orinduik drilling 2022?? Not sure but have not seen anything definitive from Eco or partners. Have I?

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!

Yes happy days A duster and no drilling schedule for Orinduik!!

All looks good to me. Downward pressure before results and no real volume!

Looks like some may have got excited through the target intervals.
Could hear tomorrow? Maybe or ......

Was thinking about that myself, I guess Tullow have reasons. Giving the current price of oil and futures its hard to understand its hesitancy. Okay Exxon have put Hammerhead down the development list opting to develop away from the area so I guess all scenarios should be considered even if they are not popular to retail investors.

Canje could be a nice distraction (hopefully) and I think it will be only a matter of time.

Nice one. What do you recon Thurs RNS

Phoebus; I agree Canje is of significance but ignoring the main assets i.e Orinduik is poor in my opinion (clarification needed). Price looks representative to me.

Maybe a news fest post Sapote-1 results. Nice volume today already.