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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eco (atlantic) Oil & Gas Ltd | ECO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.05 | -0.49% | 10.25 | 15:08:32 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.20 | 9.85 | 10.25 | 10.25 | 10.30 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 18/3/2024 21:49 by mr hangman Thanks for that Cash, I find it staggering hour the market/investors can't see if successful how much our 6.25 stake could be worth |
Posted at 14/3/2024 06:27 by dat_51 Eco presentation today. All very positive!dat hxxps://www.investor |
Posted at 07/3/2024 19:36 by mr hangman I to have bought more today, with placing worries erased this should be a decent punt over the next 2-3 yearsNot sure what investors expected from the farm down, from my experience in the oil industry, small exploration cos always get sharfted |
Posted at 06/3/2024 12:16 by mick_oi Proactive Investors 'Eco Atlantic Oil & Gas announces biggest deal to date with Orange Basin farmout' |
Posted at 16/11/2023 22:42 by mick_oi New post on X:Eco is pleased to provide an updated investor presentation, which is available on the Company's website. hxxps://wp-ecooiland |
Posted at 23/10/2023 19:28 by mick_oi Posted by Eco via X:Gil Holzman, CEO, gave @proactive_UK an update on Eco's exciting exploration portfolio, offshore Namibia, Guyana and South Africa. Alongside some insight into what investors can expect to hear from the team over the coming months.https://youtu |
Posted at 12/7/2023 07:15 by bocase Gil Holzman's comment followed by Malcy's take on the sale of a partial interest to Africa Oil.“We are very pleased to agree this transfer of a portion of our WI on the Block to our strategic alliance partner Africa Oil. The restructure of the WI will result in Africa Oil holding 26.25% and Eco 20% and will strengthen the JV position amid ongoing negotiations with third parties to farm into the Block and execute a drilling campaign. Since Africa Oil is already established as JV partner and Operator on the Block, receipt of the requisite regulatory approval for the transfer is expected to be straight forward. “We look forward to continuing our work with the South African government and regulatory bodies in terms of our Environmental Authorisation process and in the active exploration of Block 3B/4B. The initial cash to be received from Africa Oil will enable Eco Atlantic to fund its growth opportunities elsewhere and with no shareholders dilution, while maintaining a strategic and considerable 20% working interest in this highly prospective Block (pre farm out to a third party).” Malcy commented: You can’t keep a good man down and Gil Holzman is one of those who regularly surprises with another deal which is just around the corner. Today he unveils a plan to raise some $10m+ without any dilution by admittedly bringing in fellow investors in the extremely prospective Block 3B/4B. Myself and the international oil industry have been watching this acreage and of course I am also a huge fan of Africa Oil, a great company to be your partner here. Expect more deals as the time has now come for the partners to do more farm-outs and prepare to go to work on the Block. The shares have fallen in the last few, quiet months, I do not expect this to continue as the excitement grows about 3B/4B where there is much potential, as I said, expect more surprises from Mr Holzman, Lechaim! |
Posted at 06/9/2022 04:59 by pro_s2009 Dont forget ECO has presentation meetings lined up, 19th in person and 20th online.Investor Evening - London Eco would like to invite current and potential shareholders to an early evening face-to-face presentation by management, followed by a Q&A session, on Monday, 19 September 2022. Drinks and refreshments will be served afterwards. The event will take place at The Brewery, 52 Chiswell Street, London EC1Y 4SD, at 5.30pm for a 6:00pm start. Those wishing to attend are requested to register by emailing: ecoatlantic@celicour Investor Meet Company Presentation - Live Webinar Eco is pleased to announce that Gil Holzman and Colin Kinley will provide a live presentation relating to Q1 Results and upcoming South Africa Exploration Activities via the Investor Meet Company platform on 20 September 2022 at 3:00pm BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet ECO (ATLANTIC) OIL & GAS LTD via: . |
Posted at 25/8/2022 07:06 by pro_s2009 All good. Will certainly watch the webinar on the 20th of September.ECO (ATLANTIC) OIL & GAS LTD. ("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the "Group") Unaudited Results for the three months ended 30 June 2022 Notification of Investor Presentations Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce its results for the three months ended 30 June 2022. In addition, the Company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below. Today's announcement follows the recently published Full Year Results and Operational Update announced on 1 August 2022. Q1 Highlights: Financials (as at 30 June 2022) · The Company had cash and cash equivalents of US$38,753,695, and no debt. · The Company had total assets of US$79.8 million, total liabilities of US$5.9 million and total equity of US$73.9 million. Corporate: · Two successful equity fundraises raising combined gross proceeds of US$37.8 million to fund its ongoing workstreams, including the upcoming drilling of the Gazania-1 well on Block 2B, offshore South Africa, and further G&G work across the entire portfolio. · Completion of acquisition of 100% of Azinam Group Limited ("Azinam"), including Azinam's entire offshore asset portfolio in Orange Basin South Africa and Namibia, in return for a 16.5% equity stake in the enlarged Group. · Acquisition, subject to completion, of an additional 6.25% Participating Interest in Block 3B/4B, Orange Basin offshore South Africa, for a consideration of US$10 million. Operations: South Africa · Post period end, the Island Innovator rig, owned by Island Drilling Company AS, was mobilised ahead of the spud of the Gazania-1 well on Block 2B, in Orange Basin South Africa. · The rig is currently offshore Spain heading to Las Palmas for refuelling and expected to arrive at the drilling location by the end of September 2022, subject to weather conditions. The Gazania-1 prospect is targeting a 300 million barrels light oil resource. Namibia · Following recent significant hydrocarbon discoveries offshore Namibia, Eco continues to assess options for progressing exploration and commercial activity on its acreage. · Post period end, Eco announced Joint Operating Agreements with NAMCOR, the National Petroleum Corporation of Namibia, regarding to the Company's four operated offshore Petroleum Licence ("PEL") interests in Namibia, being PEL 97 (Cooper), PEL 98 (Sharon), PEL 99 (Guy), and PEL 100 (Tamar). Guyana · Eco and its JV partners remain committed to further drilling on the Orinduik Block and continue assessing opportunities to drill at least two exploration wells into the light oil cretaceous targets as soon as practical. Investor Evening - London Eco would like to invite current and potential shareholders to an early evening face-to-face presentation by management, followed by a Q&A session, on Monday, 19 September 2022. Drinks and refreshments will be served afterwards. The event will take place at The Brewery, 52 Chiswell Street, London EC1Y 4SD, at 5.30pm for a 6:00pm start. Those wishing to attend are requested to register by emailing: ecoatlantic@celicour Investor Meet Company Presentation - Live Webinar Eco is pleased to announce that Gil Holzman and Colin Kinley will provide a live presentation relating to Q1 Results and upcoming South Africa Exploration Activities via the Investor Meet Company platform on 20 September 2022 at 3:00pm BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet ECO (ATLANTIC) OIL & GAS LTD via: Investors who already follow ECO (ATLANTIC) OIL & GAS LTD on the Investor Meet Company platform will automatically be invited. Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented: "Today's update follows the detailed corporate and operations update provided earlier this month. However, our Q1 results serve as an important opportunity to remind investors of the significant near-term catalysts that we see across our entire Atlantic Margin portfolio, with near-term high impact drilling offshore South Africa, significant interest in our Namibian portfolio and plans taking shape with regards to our strategy for value accretion offshore Guyana, the outlook has never been more positive. "We are very pleased to invite current and potential investors to meet with our Board and management team at a shareholder event on 19 September 2022 in London and for those not able to attend in person we hope you can make the live webinar on 20 September 2022. We look forward to updating investors on our plans and answering any questions. We would encourage those who are able to do so to attend and learn more about our highly strategic acreage across the world's most attractive exploration hot spots." |
Posted at 21/8/2022 12:20 by pro_s2009 A fossil fuel investment resurgence amidst Europe’s energy crisis?With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry. This squeeze on energy prices began last year as the post-pandemic recovery in demand for energy highlighted weaknesses in the transition to renewable energy, with dwindling oil and gas capacity causing prices to climb. But are concerns over energy security and rising energy prices enough to make fossil fuels attractive as a long-term investment opportunity? Particularly as countries stand by their commitments to reach net zero, and investors increasingly focus on impact and ESG strategies? Commitment issues Commitments to reducing fossil fuel consumption and investment in oil and gas have been at the forefront of investors’ minds in recent years. As European governments set increasingly ambitious climate targets, including the European Green Deal that pledges net zero emissions by 2050, so too are funds that are increasingly examining their role in achieving climate goals. Last October, Dutch pension fund ASP announced that it was looking to divest €15 billion of coal, oil and gas assets by 2023. It joined some 1,500 organisations around the world that have pledged to dispose of $39 trillion of assets in the sector, according to data from DivestInvest. Private equity investment in the sector also draws negative attention, particularly following the publication of the Private Equity “Dirty Dozen” report by the Private Equity Stakeholder Project, which listed the fossil fuel assets of 10 of the largest private equity groups. However, energy prices are escalating at unprecedented levels across Europe as the EU tries to reduce its reliance on Russian gas imports. This has led to concerns about fuel poverty and shifting climate priorities down the agenda. As supply constricts, fossil fuels will remain a necessity until alternative energy sources are sufficient to meet demand. Too lucrative to ignore Private equity investors have taken advantage of rising energy prices as overall investment in fossil fuels in 2021-22 soared. By the end of last year, buy-side deals totalled $149.3bn globally, notably including Sval Energi’s $1bn purchase of Spirit Energy’s Norwegian oil and gas operations, with backing from Norwegian private equity firm HitecVision. This year has seen a continuation of international private equity interest, with $35.5bn worth of investment as suppliers responded to increased demand. Other investors have also sought to expand their reach in Europe, including Israeli conglomerate Delek Group’s $1.5bn acquisition of Siccar Point Energy. Despite attempts at divestment away from fossil fuels over recent years, statements made in May by asset managers reflect how increased activity in the sector may prove too lucrative for investors to step away from. Although committed to achieving net zero across its portfolio by 2050, Vanguard doubled down on investment in fossil fuel projects and refused to end support for coal, oil and gas production, citing its fiduciary duty to maximise investment returns. Similarly, BlackRock indicated that it was likely to vote against shareholder resolutions influenced by climate activists that pursued bans on new oil and gas production. It is clear that investors have responded to the increased consumer and political demand for fossil fuel-based energy in the sector and the political demand for secure lines of supply for domestic energy consumption. Towards a renewable future In part, this interest from investors has come as Russia’s invasion of Ukraine sparked discussion about the role of fossil fuel investment in transitioning towards a net zero future. From Europe to the US, governments are now placing increasing importance on energy security alongside climate targets, particularly as renewable energy sources are not yet able to bridge the gap in demand following Russian sanctions. In some instances, investment in certain fossil fuels is being viewed as a stepping stone to greener energy sources. Shifting away from coal and towards ‘cleaner&rsquo With energy sovereignty now a priority for leaders across the globe, further investment in fossil fuels could be seen as a necessity to ensure a smooth transition away from reliance on Russian energy. However, in the long term, the potential for stranded or underperforming assets because of negative public attention needs to be considered by private equity sponsors. Developing dual-track strategies provides a potentially effective way to address this. For example, in March HitecVision announced the creation of a new renewable venture alongside power company TrønderEnergi with an initial investment capacity of up to €2.1bn. Overall, opportunities in the European oil and gas industry have clearly become more attractive for private equity sponsors. Whilst sentiment is moving in favour of fossil fuel companies as a means to achieve energy independence, buyers need to be aware of the challenges and negative attention the sector generates, and have a clear strategy in mind for the future of their energy asset portfolio. |
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