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Share Name Share Symbol Market Type Share ISIN Share Description
Eco (Atlantic) Oil & Gas LSE:ECO London Ordinary Share CA27887W1005 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.90p -2.07% 42.60p 42.20p 43.00p 43.50p 42.20p 43.50p 359,774 11:00:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.3 -8.2 -6.0 - 68.20

Eco (Atlantic) Oil & Gas Share Discussion Threads

Showing 1201 to 1224 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
18/11/2018
09:11
Need to subscribe, but has a free 14 day trial Here is a report from the AOW and below is regarding Namibia ExxonMobil has already farmed in to one block in Namibia with Portugal’s Galp Energia and is just finalising another farm-in with Azinam, while the latest entrant is US independent Kosmos Energy, which has taken a large chuck of Shell’s operated PEL 39. Whispers in Cape Town suggest another international major lining up a farm-in deal within months. https://www.upstreamonline.com/hardcopy/1625619/sub-sahara-back-in-the-spotlight "Another International Major lining up a farm-in deal within months" Here is a link to recent news in Namibia https://www.upstreamonline.com/archive/?q=namibia&languages=en&locale=en
jimarilo
16/11/2018
23:46
Exactly Divmad. hiddendepths pay no attention to hangman no one else does.
soulsauce
16/11/2018
15:47
mr hangman - you and the others did well to spot it early! Kudos! FWIW I'm an ex oil man, then oil analyst who burned out young and was told by the medics that I couldn't work any more (ever). So, apart from writing occasional bits of research for smaller brokers until changing regulations meant I was no longer qualified, I ply my trade for myself rather than advising institutions. It's a living and far less stressful than an actual job! I have built up enough that I don't need to trade and can indulge my natural inclination to be a long term fundamental investor.
hiddendepths
16/11/2018
13:01
Some of us where buying under 20, well before the "professional investors" turned up
mr hangman
16/11/2018
11:26
Picked up 11k at 45.075. The last three trades have been buys despite looking very much like sells. There's clearly stock available from the ongoing seller. I've been in this game (the last 22 years as a professional investor) and like buying when a share price is depressed by a big seller. It doesn't mean the market doesn't like the stock, just that someone for their own reasons, probably unrelated to the company, has a need to sell. When they finish, the share price will normally head back to a more normal equilibrium level.
hiddendepths
16/11/2018
10:53
The seller's persistent, that's for sure! I feel tranche number 3 coming on....
hiddendepths
15/11/2018
15:22
Hess presented today at the Bank of America conference in Florida. Here's the transcript from the Q&A session relating to hammerhead... Q) So if we thought more about exit rates in 2023, where does Hammerhead fit in the equation? A) Gregory P. Hill, Hess Corporation - President & COO Yet to be appraised. So we still have to do some more appraisal. I think Exxon, also talked about the potential to accelerate Hammerhead. So it could be Phase IV. Why is that? Because it's shallower. A little bit easier development potentially. But we don't really answer that, Doug, until we get it fully appraised. And we will appraise Hammerhead next year, and then that will determine where it is in the queue and what's the phasing and timing of that.
itsyou
15/11/2018
15:08
Divmad - there's need for several appraisals if it's as areally as big as it appears. The field needs to be delineated to ensure it is developed properly. At the moment I doubt that they even know where the thickest sands are. Great post itsyou. Many thanks.
hiddendepths
15/11/2018
14:47
itsyou, Does it make more sense for XON/Hess to collaborate and plan together with TLW/Total on Hammerhead-1 on the assumption the discovery overlaps both blocks? No point in them independently putting down two (appraisal) drills a bare minimum of kms apart, is there?
divmad
15/11/2018
12:10
Nice post thanks itsyou. Hopefully the oil price will hold up enough for us to take full advantage of the prospect.
soulsauce
15/11/2018
10:34
"The easy money would be made if Hammerhead extends into Orinduik." It could well be according to H&P "based on the seismic it looks like a large part of the structure could be up dip on Eco’s block". H&P then estimate half of Hammerhead is over Orinduik. hTTps://www.ecooilandgas.com/wp-content/uploads/2018/10/Eco_Atlantic_note_Oct_18_FINAL.pdf Gil alludes to it to, as he has done before stating that it'll be more of an appraisal well and their first well, whilst obviously being cautious in this interview as TLW are the operator. hTTps://www.ecooilandgas.com/eco-atlantic-oil-gas-update-from-africa-oil-week/ Hess think it's "massive" too "Speaking on a 3rd quarter earnings call on Wednesday, Hill said Hammerhead is a massive accumulation and very thick sand package. “In fact, it’s the thickest single sand package that we drilled on the block. It’s a very large structure so it’s going to require some additional appraisal. What we can say is that the results of the DST were good, meaning that the reservoir quality is excellent and the reservoir seems to be well-connected.” He was at the time responding to a question from Doug Leggate – Bank of America Merrill Lynch, who queried about the company’s plans to potentially fast-track Hammerhead to development stage. Leggate also wanted to confirm that the Hammerhead discovery was an addition to the already estimated volume of more than 4 billion barrels of recoverable oil found on the block. “You’re right to say that Hammerhead’s accretive to the 4 billion barrels and it could jump the queue in terms of being ahead of some of the other phases that were on the Turbot cluster, but it’s too early to say that because we need some additional appraisal before we make that final decision. But, again, it is accretive to the 4 billion barrels,” Hill said in response." hTTps://oilnow.gy/featured/hammerhead-is-thickest-single-sand-package-drilled-on-stabroek-block-hess/ Actual Hess conference call(from 27mins) hTTps://edge.media-server.com/m6/p/5iv7tmq4 Finally, the first well on Orinduik could potentially target two zones. First the higher up and younger Tertiary zone where the Hammerhead discovery is, then lower down in the older Upper Cretaceous zone, where Latuk-D is, which has P50 resources of 600m barrels.
itsyou
15/11/2018
10:03
I guess that remains to be determined. But they do stress that Hammerhead is only 7 km away from Orinduik so I'd be most surprised if they don't shove at least one well down close to that. The easy money would be made if Hammerhead extends into Orinduik.
hiddendepths
15/11/2018
07:39
So will that be 2 + 1 wells in Guyana (Orinduik, Kanuku), or 1+ 1 , or 2 + 0?
divmad
15/11/2018
07:05
From this morning's operational update from Tullow, in the CEO's main overview paragraph: .....and are finalising our 2019 exploration programme which we expect to include high-impact wells in Guyana. And in the bullet points in the Trading Update Summary: -- Multiple attractive prospects identified in Guyana acreage with drilling programme expected to commence in mid-2019 And in the New Ventures section: South America Guyana will be the main focus for Tullow's 2019 exploration drilling programme. Following the interpretation of extensive 3D seismic, multiple high-quality prospects have been identified across both the Orinduik and Kanuku licences. Furthermore, the success of the neighbouring Hammerhead-1 well in August 2018, only seven kilometres from the Orinduik block boundary, has further de-risked this acreage. Planning continues to determine which prospects will be selected for a drilling programme across both licences that we expect to commence in mid-2019. It seems that Guyana is far and away Tullow's top drilling priority!
hiddendepths
14/11/2018
13:02
Seller still around, being flexible on sell price in line with prevailing sentiment. I took the opportunity to get my second tranche. Will keep looking for more opportunities to top up. Oil price is rebounding a little today so oil shares are recovering somewhat after the savage POO sell-off last night.
hiddendepths
14/11/2018
12:22
Taken a hit this morning because of overnight bloodbath with Brent, a nice opportunity to top-up
jasonsd1970
13/11/2018
10:44
Buying opportunity alert..!
davwal
12/11/2018
23:12
Kosmos and Shell launch alliance in Africa New partners seek out exploration targets off southern West Africa https://www.upstreamonline.com/hardcopy/1625094/kosmos-and-shell-launch-alliance-in-africa
jimarilo
12/11/2018
11:50
Seems the ongoing seller is still around this week. The good news is that he/she seems to have a 50p limit. I would imagine that once that stock's all been shifted the share price will have a jump - oil price permitting! Tempted to top up today rather than wait for my target price. I'll think about it for an hour or two!
hiddendepths
10/11/2018
11:02
Helima Croft, of investment bank RBC Capital, said China may prove to be a distraction from the US clampdown on Iran. “We’re in a bear trap over fears about China,” she told The Daily Telegraph this month. She said there is “a path to $100 a ­barrel” once the risk of a Chinese slowdown gives way to the reality of the US cuts to Iranian oil exports. “Either way you cut this, we’re ­already down a million barrels from spring and we have several hundred thousand barrels left to go. That is a ­material importance for the market,” she added. Goldman Sachs’s Jeff Currie warned the US is likely to bring in steep cuts to the waiver allowances by 50pc each 180 days. This compares to 20pc cuts from president Barack Obama in 2012. Mr Currie said oil prices are likely to bounce back to $80 a barrel before the end of the year. Should prices continue to fall, ­members of the Organisation of Petroleum Exporting Countries may agree to prop up prices by limiting their own exports. The market monitoring arm of the cartel is due to meet this weekend and may recommend a tighter grip on the market in 2019, according to reports.
rayrac
10/11/2018
07:21
This should concentrate the minds of prospective players - new licences will have less favourable terms? thus if you want to buy-in, best to farm-in now on current licences imo. Guyana halts issuance of exploration licenses for one year ByOilNOW -November 9, 20180 As the Guyana Government’s Energy Department works to increase its capacity, update legislation and have a better understanding of the local and global petroleum sector, it has put a moratorium on the granting of new exploration licenses. This was disclosed by Director of the Department, Dr. Mark Bynoe at a press conference held at the Ministry of the Presidency on Thursday. “We do not envisage another licensing round probably until early 2020,” he said. While the Department is working to “understand the lay of the land,” he said there are already significant players working deep water offshore Guyana, referring to ExxonMobil, Anadarko, Tullow Oil and Total, among others. He noted that there is significant interests in Block C – off the Canje Block, but the Department is not “anxious”; to allocate the block without the requisite “complementary pieces in place.” One of the mechanisms being put in place is a model Production Sharing Agreement (PSA) aimed at ensuring that mistakes made before do not recur. Additionally, the Government wants to attract investors to shallow and onshore areas while the development of offshore exploration progresses. Dr. Bynoe said there has not been the same level of interests in these areas. “What we hope to advance is to provide as a package, a kind of data necessary for persons to understand the resource base and that is something we are currently discussing with some firms…so that there is greater interests in shallow and onshore exploration interests,” he disclosed. Oil and Gas Advisor, Mathew Wilks said there is need to structure the regulatory and contractual environment so that for the remaining blocks “we maximize the opportunity for the most revenue for the state.”
jimarilo
09/11/2018
20:45
Good finish, could do well next week. I won’t complain.
davwal
09/11/2018
14:55
The important point is that it's possible to make a decent sell or buy case for any stock at any time. That said, not all arguments are equal. It's a question of probabilities and a personal assessment of risk against reward. At present, the chances of the share price rising by a multiple are clearly significantly higher than the chances of a halving. It's not close. That shouts BUY to me. I'm going to look at this company in more detail over the weekend. But the bottom line already stacks up in my book (if I'm not mixing metaphors!)
hiddendepths
09/11/2018
14:30
Rats! Tullow's down 8% today. They're clearly in trouble and are likely to cut back sharply on drilling next year. Looks like our well might not spud until 2020 - if then. Now?
hiddendepths
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
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