From Scarbender on the Africa Oil thread
Wednesday, September 06, 2023 3:43:40 AM
Post #7104 of 7113
To the old timers here. Daughter is a technical analyst. Works with informal partners in the U.S. and U.K. She is using her charts to analyze Africa Oil. Will be intresting to see what she can add to fundamental analysis plus news over the next 60 days and ER.
Monday, September 25, 2023 3:34:49 PM
Post #7112 of 7113
Daughter ( a Technical analyst) Very bullish signals from AOIFF.
Monday, September 25, 2023 4:06:55 PM
Post #7113 of 7113
Stolen from MAC on Yahoo Finance:
1) current development in Orange Basin - Total set to notify markets on the totality of their Venus and Nara prospects on their capital markets day sept 27. Shell is currently drilling the Jonker 1A (appraisal) a whooping 12km to the south of the initial hole.
2) TOTAL energies have reserved the Tungsten Drillship for another 110 days going into may 2024 with additional optionality until early 2025. Who knows where they will be drilling. My guess is orange basin - but where - maybe prove up the south african licenses just across the border ?
3) this should have a spillover effect on the sentiment around ECO's huge 3b4b license just across the border....
4) ongoing biddings for new PEL's in guyana - all blocks to the immediate south of Orinduik have bidders and we will know soon who they are and at what price. ECO has a dataroom on orinduik. The new bidders south of orinduik will have a huge bonus farming in orinduik, a lot of information, 3d seismic etc.
5) fangtouth deep is up for developement by exxon and is the best hint for the quality of the oil in the deeper layers in orinduik.
6) Gil Holzman will make a presentation on 'Seeing Promise in Guyana' at the World Energies Summit in London on Sept 27.
It's coming .... i want to be in pole position when it does.
I AGREE WITH MAC. Furthermore, Tungsten Explorer has moved about 100/200 miles South of Walvis Bay, Namibia to seek the extension of this oil field. If they find oil further south, that means the Orange Basin is probably the most gigantic field ever.
