Eco (atlantic) Oil & Gas Share Discussion Threads

[phoebusav] 21/10/2020 11:28

Indeed ifthecapfits. However, I'm not sure if that's the best outcome for faster Orinduik drilling. If TLW had their face held to the fire with a wholescale balance sheet restructuring they might have been able to get on with drilling faster. Hope this doesn't lead to a slower organic turnaround. My guess is that a big chunk of this cash will be used to pay off part of TLW's enormous debt to reduce the gearing of its balance sheet and then TLW will do a partial debt for equity swap (placing) to reduce their gearing further. When that's done and dusted I expect we will get greater visibility on timescales for Orinduik.

[ifthecapfits] 21/10/2020 11:18

TLW not going to fall over.

[lupins2] 21/10/2020 11:15

Whats going on here today!!

[manicat] 21/10/2020 11:08

pro is buying back in

[rayrac] 21/10/2020 10:46

TLW effect.

[ifthecapfits] 21/10/2020 10:25

Good. Maybe they can push ahead and drill more in Guyana.

[pro_s2009] 21/10/2020 10:20

TLW got some good news on their sale of Uganda assets.

[gooner1886] 21/10/2020 10:16

Tullow saved then!

[rayrac] 21/10/2020 08:10

News from Namibia yet? Thought there were some big boys about to drill?

[mr hangman] 19/10/2020 16:57

Bearing in mind COVID19/Medical expert Pro had started buying at 26p and has now sold out, it does look like he mightof lost money, no one likes to see that..

[beaujolly] 19/10/2020 12:28

The serial ramper/deramper of ECO and other shares, depending on what side of the book he sits has sold out. PRO-2009 has mentioned 2022 and knowing him that could well extend to 2023 until the price drops sufficiently for him to buy back in again. Don't say you haven't been warned.

[manicat] 17/10/2020 13:27

who did this 30,000 sq kilometre survey??? hTTps://oilnow.gy/featured/new-exploration-wells-multiple-appraisal-drilling-for-guyana-offshore-rystad-energy/

[funtimejonny] 12/10/2020 21:27

Thanks for factual input pro.

[pro_s2009] 12/10/2020 14:10

No, they are now in the First Renewal period, running from 14th Jan 2020 to 13th Jan 2023. So no obligations for 2021.

[ifthecapfits] 12/10/2020 12:50

I thought they were (or Tullow were) obliged to drill next year. Been hunting ECO & TLW web pages and cant find much reference.

[pro_s2009] 10/10/2020 04:04

2021, 2022......it will happen at some stage. I currently dont hold ECO, will buy in at some point in 2021 is the plan.

[leoneobull] 09/10/2020 18:37

Pro, would you agree that Baron's pump and dump was the reason for the recent rise? The potential here is fantastic. Timing wise, I can't see it in 2021. Tlw is the operator and they are skint, I should know, I hold....let's hope for a farm in as eco obviously couldn't find it for toffee.

[funtimejonny] 09/10/2020 13:14

Would be nice if the company would give an update re timelines.

[leoneobull] 09/10/2020 11:58

Next year's or 2022.....?

[ifthecapfits] 09/10/2020 09:39

Well they are not getting mine. Holding tight for next years excitement.

[rayrac] 09/10/2020 09:32

Mm’s trying to shake some interest.

[jimarilo] 07/10/2020 20:41

Petroleum Commissioner Namibia a week ago Https://www.linkedin.com/feed/update/urn:li:activity:6715251457630830592/

[funtimejonny] 07/10/2020 08:18

Right little firecracker this has turned out to be!

[beaujolly] 02/10/2020 08:32

I wouldn't put the house on it :)