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@ providence of God!
I am With You on that
Does anyone know how long it takes to drill a Pre-Salt Exploration Hole
Not for ERHE.... but Block 4 EZZ and a couple 15% in EEZ
and JDZ Property
erhe just hppens to control them
they may NEED Quatar to come up with enough money for the deal
as All THREE are in together on development of oil fields
in other places
That would give more money up front ERHE shareholders and spread risk for developers
He is not getting any younger
@ 10%...50-100 Billion for the whole JDZ and EEZ
never be able to spend it all LOL
Well, China was over their head and Others ..Kosmos did not even try to drill.
Its night and day what computer AI can determine from an area given only one drill hole compared to the past.
10-12 years is like the Wright bros vs modern jet technology
with the new modern agreements that Peter N spoke about where govts involved get about 10% in place of the 20% to 40% which was customary in the past. There seems to be a chance of a higher full carry like between 8-12% full carry
contest
initial estimate over 2 billion barrels in block 4
full estimate 1-2 years 6-10 Billion Barrels
real estimate over 10 billion barrels
I have been known to be almost Prescient (with the help of my God)
I think a real possibility
no...it is part of the picture
hey..Could you interpolate your post on trades Unfamiliar
who's buying? seeing we have restrictive buying..price can only go up if someone buys(restricted)
Are the MM's going to buy and push price up to get shares to cover shorts once they loosen up shares with a higher price?
and remember...Kosmos has a small percentage in Shell owned blocks in the EZZ
Somebody believes there is oil there
Krombacher
I am with you on the offer or some created entity being IT...Share price rising could see MORE shorting and a theft of equity.in share price..that ain't going to happen Either all of shareholders will be moved into a private company with predetermine value and rules to sell to Total(or some holding vehicle)
0r
A flat out buyout cash or shares of Total or a New company where Total forms a subsidiary and ERHE and Subsidiary do a partnership
No other way for this investment ERHE will be able to make a deal
This doesn't rule out other similar vehicles of investment being created to transmit the equity agreement between Total and ERHE
Over 400 pages of agreement in fact
admit it..your heart missed a beat or two just on the possibility..LOL
Interesting ..Maybe used for a deal with ERHE(and shareholders)
https://www.marketwatch.com/story/totalenergies-disclosure-of-transactions-in-own-shares-271648483246?mod=mw_quote_news
True statement
Exactly...
Total will not allow or approve a deal that has any possibility of being tied up in court...Offor has most of the shares so he is not going to mess this up...about 20 years of delays..He's getting older and time now is NOT on his side
Actually a back handed compliment
and who represented?
Of coarse there are shorts and many are probably naked
but maybe also some of erhe suitors are behind a program of keeping the stock low and helping them negotiate a better deal
wasn't Kosmos at one time trying to wait out ERHE .The fact that someone lobbied to have ERHE stock essentially become unable to buy in the states
and Canada takes the share price pressure out of the play so investors could not decide on the price discovery should tell the observer a lot
This IMO has been decided by the parties to not get in the way of a set deal that is and going to be solidified after drilling occurs one way or another.
If oil discovered and in quantity the deal will be sweeter.If less oil quantity then a deal but not as good
If you look at Galp comment about the EEZ they seem to be excited by commenting on structures and exploration being promising.
Kinda like a kid in the major leagues blurting out something so people will respect him
I think there are grand days ahead for the EEZ and JDZ and ALL involved.
Including shareholders
One thing I have to give you
An E for effort ....
go little train that could
No....Like the Gold Rush in 1849 the world is coming to West Africa
and to the EEZ
It means ALL the oil companies are going to want to get in on the hottest plays on the planet..More money more players more discoveries more money
easier to get good credit terms ...easier to find partners..
More pressure on Total to do a good deal before other suitors come calling
You get the gyst
Drillship just hit more oil .....2nd in a month
https://www.gulf-times.com/story/710554/QatarEnergy-announces-second-oil-discovery-in-Namibia
does Galp have experience in pre-salt deposits(which may be there).Think I remember something about the that in an article...maybe not
we shall see
also glad there is a PSC
thanks again
thanks.......... appreciated
Maersk Voyager
ULTRA DEEPWATER DRILLSHIP
BUILT 2014
Very mysterious ...just sitting there off south Africa
under Total Energies control still available in March
thanks
when was article you quoted published
tia
I am very curious of the drill ship down off the coast of South Africa
It is just sitting there ...no destination really
Maybe they took the tracker off and put it in a small boat..and Drillship is headed towards the EEZ,,may already be there ..smile
seems this ship is available in March 2022 and under contact currently by
Total
https://www.maerskdrilling.com/what-we-do/rigs/drillships/maersk-voyager
Interesting
I believe one reason Shell is drilling the graff2 well to be able to sell forward enough oil to develop both the Graff and the EEZ discoveries with the high price of oil
If they didn't raise the money with highest price in decades it would amount to bad bad mistake to malfeasance and a lot of people getting fired or worse
ensco-dc-10
staus :restricted maneuverability
https://www.marinetraffic.com/en/ais/details/ships/shipid:3504069/mmsi:538005678/imo:9698666/vessel:ENSCO_DS_10
an educated guess but the fact that the drill ship was following an erratic path when it left port is a good clue that those possibilities may have merit
they left a crew on or at the the platform at Graff 1
Bourban is going there to resupply them
Probably mechanical failure or guidance system snafu of some kind
That it why it is following the support boat
also
I think IF you go back it is Millions and not Billions of barrels
One hole would not be able to determine that much oil
Looks like Shell has the ship until END of October....
Opus X
Thanks
Thanks
A bit of a mystery
Who can confirm this