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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 11.625 | 14:55:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.625 | 11.625 | 12.25 | 11.625 | 11.625 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 16/1/2025 14:17 by jamesiebabie Extrader - AOI is setting itself up for sale; removing ECO clears up some issues. AOI will also be removing their other small holdings elsewhere. |
Posted at 16/1/2025 12:45 by gisjob2 Whatever your take, ECO still has almost the same direct interest in 3B/4B allowing for a 16% smaller amount of shares in issue. While 16% better off for future deals.Why Africa Oil decided to do this is anyone's guess. It can only be positive for ECO. |
Posted at 13/1/2025 16:03 by bocase Malcy's extremely bullish take on today deal completion:"So, the Eco deal with Africa Oil has completed and with it Eco swaps out a 1% stake in Block 3B/4B offshore South Africa to Africa Oil in return for its 16% in Eco which will now be cancelled. Eco remains with a still meaningful 5.25% in the play which is amongst the hottest in the area and which Total will be drilling this year. I understand that Total is extremely bullish about the area and it is very high on its list of prospects worldwide and hence why it is imminent, the drilling programme is bristling with potential excitement and opportunity to move fast upon success. Eco are poised, with the removal from their shareholder register of Africa Oil’s 16% and thus cancelled, to create uber value in its equity. To me it looks like a very smart, elegant and substantial buy-back and what is more the entire market cap is now the interest in 3B/4B, plus a massively exciting portfolio elsewhere which has huge upside and now has created much more value for shareholders after the share reduction. As part of this deal Africa Oil lose their appointee to the Eco board and he is replaced by Emily Ferguson who is somewhat of a legend in the E&P industry. Recently with TotalEnergies she has what seems like a passionate following in particular some key leadership roles and has stood out as a mentor, leader and communicator, I’m sure she will be a great addition to the Eco board. Eco will undoubtedly remain in the upcoming bucket List but I need to do some work on the Target Price which could and should be a very big number, this deal nails on value for shareholders, keeps Eco in possibly the best post code in the world right now and don’t forget its acreage in Block 1 in South Africa, Namibia and at Orinduik, indeed much excitement to come for Eco shareholders." |
Posted at 13/1/2025 13:12 by gooner1886 https://www.proactiv |
Posted at 13/1/2025 09:22 by gooner1886 Hopefully it will now be a busy year for ECO looks value from here |
Posted at 13/1/2025 08:28 by imjustdandy Looks like the 5.25% they have retained is worth about same as market cap. All other assets ECO hold are now in for free. Looks amazing value at 12.5 |
Posted at 08/1/2025 17:19 by gisjob2 I think ECO is good value still, with farm outs on Orinduik & Walvis Basin to come and drilling close to ECO blocks happening over the next few months. I would guess we should also should get some idea of timelines for drilling 3b/4b in the next few months from Total.All exciting should Gil get 1 or both farm=outs sorted out. |
Posted at 27/11/2024 17:29 by bocase Malcy's take on todays announcement:Results here are of no significance, for Eco its excitement is all about the trading of its assets, the big farm-out of 3b/4B has brought in plenty of cash with more to come next year whilst incoming acreage included Block 1 and outgoing of Block 2B. The company say that discussions are ongoing in Guyana where there should be a great deal of upside, the proof of the pudding, as they say… Eco is one of the most attractive stocks in the bucket list with a smart management using its portfolio to the full, once it all fires together the potential upside should be huge. |
Posted at 14/5/2024 19:08 by gisjob2 Re: Orinduik, The offering from ECO is much simpler now with Tullow gone and ECO happy to retain just 15-20%. Gil has already mentioned 9 or 10 expressions of interest from potential partners. Personally, while a Major like Exxon Mobil would be great, I'd be almost as happy with a mid-tier company as long as the deal was good and the partner could fund the drilling of a deeper well or two. Enough to see what's really there.Re: Walvis Basin, Chevron may not have chosen ECO's blocks but the ECO's blocks surround Chevron's block of choice, so any success will make ECO's blocks extremely desirable, also Chevron may decide to increase their footprint in time. It's a hot area to have a few blocks in. Also worth mentioning that ECO's Walvis Basin blocks need seismic so maybe this deterred Chevron a little, does their newly acquired block have 2d/3d seismic ? I believe that the Orange Basin 3b/4b block is ECO's best chance of drilling success and should be before Namibia Walvis Basin anyway. |
Posted at 22/1/2024 08:03 by mick_oi Orinduik License Operational UpdateAs Operator, Eco Orinduik BV, gave notice to the Minister of Natural Resources of the Cooperative Republic of Guyana ("MNR") to enter the Second Phase of the Second Renewal Period of the Orinduik Licenseeffective as of 14 January 2024. This Second Phasehas a commitment to drill one exploration well to the Cretaceous formation during the remainder of the license period which ends on 13 January 2026. Further, Eco advised MNR last week that TOQAP Guyana B.V (the SPV joint entity held by TotalEnergies and QatarEnergy 60:40) hasrelinquished their 25% WI for strategic reasons and will not participate in the next phase, the former TOQAP Guyana B.V 25% WI will be assigned to Eco Guyana. Subject to the requisite government notifications, Eco will remain the Operator holding 40% WI in Orinduik License as Eco Guyana and 60% WI as Eco Orinduik BV. hxxps://polaris.brig |
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