Member Info for wallact

IJWT,

Yes prob early; found some interesting research and think the ROP ~ 90ft/hr.
From memory the chance of problems and extension is greater than early TD; However I'am a bit out --of touch these days.

https://www.hindawi.com/journals/mpe/2016/3575380/

ps Being caught reading the link will impress Her-in-doors haha

Also (ignore if overload)

https://newsday.co.tt/2019/07/18/guyana-enters-the-oil-age/

Don't want to get into the Map debate agin; however does show interesting seismic overlap. From Exxon doc I think.

a reminder;

The Jethro-Lobe prospect, which will be drilled from a conventional drillship, is a lower Tertiary stratigraphically trapped canyon turbidite in about 1,350m of water.

Just a paste from a research article. Might be in the zone soon. Just an opinion.

this article;

https://www.energyvoice.com/oilandgas/americas/204090/guyanas-plans-to-raise-oil-royalties-could-diminish-attractiveness/

Seems to me it will make our block attractive to potential M&A!

ps also note shallower water licences to be auctioned. Bla Bla IMHO

Hi again EX,

No direct connections , Just worked for BP & Exxon and some other majors around the patch. I like detail, but lack education ha
ps retired many years ago. (very early)

Looks like we are heading for a news-fest (all good I hope)
Volume looks up on TSX; Didn't Gill mention the shares can go transatlantic in Aug?? GLA

Hi Ex; Yes what caught my eye was the comments on the magnitude of the block and the Guyana potential. And yes I think the pro-ppp are spinning the matter!

My comment re Hammer time? I guess my recent visit to the British GP & FOS didn't help. What did you do just there?

ATB

I think IMHO its just profit taking? My last buy-in was 2.9p and have taken profit several times over the last couple of years. Now holding for results. GLA

This article;
https://www.kaieteurnewsonline.com/2019/07/22/lack-of-ring-fencing-provisions-in-exxon-psa-could-never-be-in-guyanas-best-interest-university-of-houston-instructor/

Positive news and the mention of "the largest ever"!!
Hopefully "Hammer time" soon! Turn up the engine to qualifying mode Lewis. Ha

A modest top-up! Couldn't resist.

Ex; Yes agree; So easy for me to be a lowly AIM LTI Oiler. Generally have learned a lot from this board over the years and yes I guess we build our own filters (say no more)

Anyway for any of you Geo-political geeks.
https://www.kaieteurnewsonline.com/2019/07/21/extensive-review-of-130-oil-contracts-exposes-inferiority-of-guyana-exxonmobil-psa/
GLA

Trek; Understand your point, but for me the Maps are almost "artist impressions" so Its not an issue for me; You now maybe unitisation talks and Coordinates of recent Exxon surveys (Hammerhead 2-3) are of greater interest to me.
Its going to get more jittery IMO; But for me and as said before when Total farmed in it was a DEFO for me, some have criticised Gill and the board for that deal, however I think it was "master stroke".
Just an opinion and all that bla bla

ps the political bickering is a slight worry (but only 15% worth) ha

This;
https://www.kaieteurnewsonline.com/2019/07/20/exxon-has-more-than-30-leads-to-explore-on-stabroek-block/

Chunky trades, do you think they are retail? Maybe not.

I doubt if they will raise pre-results; Still remember the circa 18m@10p. Hopefully they can get a farm-in or M&A action? IMO

Its kicking off a bit politically in Guyana (nothing much)

Agree Spike; I have made nice profit from Matd so far; Not on results though (obvious); However if they find commercial Oil?????

Gunner, looks like its going to be sold into 9p. Only an opinion.

Trek/IJWT; Iam no expert but sat through many a drilling conference call as the client; Anyway I think casing needs to be run in some form to complete the drilling process; its use to provide integrity to the drill typically to prevent a "cave in" and allow Mud to circulate to return cuttings and provide well security. These Driller have their own language! Some outrageous! Anyway reckon good stuff today.

JBER showing 50,00 @8.75 L2 ATM