I am heading off tomorrow and not sure how much research or even...

I am heading off tomorrow and not sure how much research or even computer time i will get in my new role so thought i would wrap everything up before I depart.

* Alvorada blocks
We know that Gran Tierra Energy paid some 30% higher than our current market capitalization for the Alvorada blocks we rejected.
This alone should indicate that we are currently undervalued.

*CMX- Anadarko Basin
We now know that the majors (BHP) are snooping around this area, this has to indicate a supply and demand opportunity. Also we know that the P1s are 2m recoverable and using the $7.50 as a bench mark for valuing OIP/Recoverable, this once again should indicate we are undervalued.

*430
We know to a 99.99% certainty that the Galp/Petrobras Do Re Me Oil Field is the same discovery. We know that once we have the production permit that one of two things will happen
1. We go into a splitting of production agreement. This should remove Gavia as operator and put Galp into the drivers seat. And with the costs being split 4 ways this should then see a fast track completion of the field and cash flow coming in quickly
2. They simply buy us out which I still believe to be the more likely outcome.
All in all this project alone has massive potential and be the company maker we are all looking for. As long as we maintain 430 as it is pretty much half the cake plus the cherry on top.

*330
AAre the cash cow
A quick reminder 306m of oil shows and 56m of production zone. Porosity of up to and above 30% (which is vuggy, please google that for those who don't know the meaning) and with areas of as much as 70% oil saturation. 27 squared kms ring fenced and at a depth of only around 600m max, making it cheap to drill. A production lic for 14 wells which has been approved


Ok I know we have our issues
And i am not going to make light as their are a lot of good people here with their head below water.
But clearly as a takeover target we are way undervalued on our Alvorada blocks alone. Their is great opportunity with 430 and 330, the US deals opens us up to new projects and markets.

Basically it fair to say that we dont need a lot of luck to see a much better share price and ERH on its way.


Anyways guys
Wish all the very best with it and will post when I can but as stated my research time will be far less so my posts will be less frequent. But heres to bigger and better things coming our way soon.

Cheers

ciggys

PS

Spozzie
you have my number my friend and anything you need that I can give or do for you, then it goes without saying I am there without question.
It was a relief like no other when you answered my call on Saturday and informed me that you and your family were safe and unhurt.
Once again my friend "anything I can do to assist you or your family, you only need ask once".

Your friend

Ciggys