Member Info for wallact

Maybe its pure geopolitics that's moved XOM hand?

Worth a re-read.

https://kaieteurnewsonline.com/2026/05/02/oil-company-still-working-on-extension-for-canje-block-licence/

RWD: Thought it was Q3 2026? As stated in RNS

The cost of the Gobi well is probably greater than we payed for JHI. It is a bit surreal.

J the deal isn't done yet with JHI maybe that's the reason. Gil has been a bit quite since his last interview, he was hyper but iam guessing that's because he knew about the BP deal.

Yes think it's on upstream too. good news I guess

Plus: Navitas need to come out the closet and invest in Block1 +++

So looks like Orinduik news to come very soon. And 3b/4b also maybe, seems top of the list!

https://www.offshore-energy.biz/uncertainty-hovers-over-south-african-drilling-ops-as-oil-push-hinges-on-appeals-outcome/

C, 1M @58 available for sale. Yes must be option driven.

RWD Absolutely agree with the under-valuation but you know some are selling into the market. We really need a chunky RNS with tangible value. Thought it would be out by now!

We have a unbelievable portfolio at the moment so basically develop those assets and not go.for further speculation for now (as LTT} post.

?

Like the piece on Sky news regarding Tanker traffic to the USA (Texas) due to Gulf issues, the Map clearly shows them passing S.A / Namibia and Guyana enroute. Wll the USA consider the shorter route better terms for refining? Plus T&T might be available soon.

IJWT yes agree but I am a bit more bullish on the price. Will soon be in Rarefiied air.

Seems like we have treasure here.

Just look at WTE: RNS plus BB comments. All good maybe just days to news?

Looks pretty benign. price action on TSX-V (could be wrong) Gulf looks to be dragging on hey.

Not sure about those bigi-sh trades could be something to do with the options?

IJWT. Wouldn't be surprised if we had further Major involvement.

General comment.

Shallow drilling targets in Guyana are currently gaining significant attention as operators move beyond the deepwater Stabroek block into shallower, lower-cost, and potentially high-reward areas of the Guyana-Suriname Basin. As of early 2026, the focus is on Tertiary-age channels and updip sections of known hydrocarbon trends.Key Shallow Drilling Targets & Developments (2026):Stabroek Block (Shallow Prospects): ExxonMobil is actively targeting shallow-water prospects within the prolific Stabroek Block, utilizing rigs like the Noble Developer for specific one-well contracts, according to OilNOW's Facebook post on April 30, 2026.Orinduik Block: The Joe-1 discovery, announced in September 2019, identified a shallow, clean, Upper Tertiary age channel sandstone. This successful, cost-effective, shallow-water discovery opened a new play type in the region, providing a model for future exploration, Eco Oil & Gas reported.Corentyne Block (Wei-1 Well): CGX and Frontera Energy discovered 114 feet (35 meters) of net pay in the Wei-1 well, located about 200 kilometers offshore, notes Offshore Energy. The well targeted Maastrichtian, Campanian, and Santonian aged stacked sands, indicating strong potential for shallow oil resources.S4 and S7 Shallow Blocks: Following Guyana's 2022 licensing round, the government has moved to explore shallow blocks, including S4 (awarded to a consortium including PETRONAS, TotalEnergies, and QatarEnergy) and S7 (awarded to Cybele Energy).Guyana-Suriname Basin Trends: The "Golden Lane" in the Stabroek block is a primary target, described by Brazil Energy Insight as a structurally high area where oil accumulates in high-quality sandstone, as proven by the Lukanani-1 and Barreleye-1 wells.Regional Context:A 25,000 km² multi-client 3D seismic survey is currently underway in 2026 to map shallow-water acreage south of the Stabroek block.The shift to shallower waters is driven by the desire for smaller capital commitments and shorter development times.Note: The information regarding specific, active drilling campaigns is accurate as of May 2026.Eco Provides Guyana Operational Update24 Oct 2019 — “The Joe‐1 discovery on the Orinduik Block, announced in September 2019, is in a shallow, clean, Upper Tertiary age channel sandst...Eco (Atlantic) Oil & Gas PlcExxonMobil Guyana has awarded the Noble Developer a one ...30 Apr 2026 — ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabr...Facebook·OilNOWOilNOW - Facebook30 Apr 2026 — OilNOW - READ MORE HERE: https://oilnow.gy/news/exxonmobil-targets-shallow-water-prospect-in-stabroek-block-with-noble-developer-r...Facebook·OilNOWShow all

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