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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eco (atlantic) Oil & Gas Ltd | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.90 | 9.57% | 10.30 | 10.20 | 10.40 | 10.30 | 9.40 | 9.45 | 4,920,356 | 16:26:32 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Blank Checks | 19.28M | -36.55M | -0.0987 | -1.72 | 62.93M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/4/2024 16:06 | TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) ("Sintana" or the "Company") is pleased to announce that it has entered into a definitive agreement dated effective April 24th, 2024 with Crown Energy (Pty) Ltd. ("Crown Energy"), a private Namibian company providing for the acquisition (the "Acquisition") by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments (Pty) Ltd. ("Giraffe"). Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 ("PEL 79") which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell. The National Petroleum Corporation of Namibia ("NAMCOR") is currently the operator with a 67% interest in PEL 79. | cashandcard | |
24/4/2024 14:21 | https://theextractor | cashandcard | |
23/4/2024 05:31 | https://www.offshore | cashandcard | |
22/4/2024 11:09 | The Mopane oilfield is proving something very very special. It will literally change GALPs fortunes as a company. Sintana bosses deserve credit where it's due, they've got 5% fully carried through to development and there is talk between some old heads PEL83 could yield between 15-20billion barrels OIP.They've hit the oil dreamers jackpot in PEL83. A rare GIANT light oil discovery.The key for Total, Shell, GALP/Sintana has been AVO anomalies that conform to structure. The success in the initial 'honeymoon' phase is really high due to this. I truly believe ECO could match or exceed this in 3B/4B. With 6.25% carried and Total running the show, it's pretty safe as one could expect at this stage.3B/4B has not even been touched yet. But it's coming I tellya, it's coming. The big money will be made by those who accumulate in this 'quiet time'. It's simple;Take the Longview, sitback and accumulate.I am an invested here and some other Namibia smallcaps, largest position of course, Sintana.Cash | cashandcard | |
22/4/2024 10:59 | Excellent result and which broker is this from? | cashandcard | |
13/4/2024 12:01 | Noticeable uptick in volume in the UK and Canada this week. As each day passes we are hopefully close to something happening.... | ifthecapfits | |
28/3/2024 14:13 | I guess the drop could be as a result of this article but if so it seems a bit overdone and just the way things are in the oil industry these days and Total must be confident with their position. South Africa are desperate for energy security at the moment and experiencing blackouts on a large scale. hxxps://oilprice.com | gisjob2 | |
28/3/2024 13:16 | Amazed at the price action here since the farm-out, which secures the company financially for years without needing to issue any more shares and with 2 more big farm-outs to come. Granted there's no visibility of drilling dates yet but does anyone believe the share price will still be languishing this low after the next 2 farm-outs or after a published drill date in the orange basin. | gisjob2 | |
22/3/2024 19:41 | Sintana#Drillrig back at Mopane X1 discovery site.DST operations imminent.Cash | cashandcard | |
19/3/2024 10:02 | Mr Hangman,No problem. It is staggering given AOI are putting a value of $800mln on a company that has 9.5% carried interest in the Venus blocks. Impact does have other assets, but they are early stage and I would suggest 85-90% of Impacts value is from its Venus.In the long run, this Impact offer by AOI is rather interesting given AOI will also be increasing its stake in Orange basin deep in South Africa - we now know Total will be drilling there in a campaign which ECO and partners should also see some drilling.Cash | cashandcard | |
18/3/2024 21:49 | 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 | mr hangman | |
18/3/2024 14:15 | Africa Oil moving in to take more of Impact, thus more of the Venus block. "VANCOUVER, BC, March 18, 2024 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") has made a cash offer ("Offer") to acquire from minority shareholders in Impact Oil and Gas Limited ("Impact") up to 8.0% of the issued shares in Impact. The Offer is made at a price of USD 0.728 per Impact share, for a consideration of up to approximately U The share purchase is conditional upon completion of the farm down transaction for Impact's Namibi Shows you how valuable a tiny holding (less than 1% of Venus block here) could be in a success case. ECO's 6.25% of 3B4B could be worth a fortune in time. Cash | cashandcard | |
14/3/2024 22:30 | Sintana Energy#Mopane-X2 - discovery confirmed this evening by GALP. Mopane X2 had 3 prospective targets and logged a significant light oil column.Pressure regime same as Mopane-1X, now GALP heading back to X1 location for DST.Mopane field is large.Namibia, Orange Basin going from strength to strength.ECO will have its day.Cash | cashandcard | |
14/3/2024 06:27 | Eco presentation today. All very positive! dat hxxps://www.investor | dat_51 | |
09/3/2024 01:13 | If this share price continues to drift I'll be adding plenty to my recent purchase and holding to see where we are in 18 months. I believe patience will be rewarded by decent, risk free farm-outs and hopefully drilling success | gisjob2 | |
07/3/2024 20:56 | You don't need much to prosper when the rewards are so big. Look at Sintana Energy as an example; 5% interest in PEL83 via local affiliate Custos. This is where the huge Mopane structure recently hit the jackpot. Second (appraisal) well being drilled right now, closing in on first target horizon, upper Cretaceous sands, that had a significant light oil column in the first well. Mopane structure has upto 10billion barrels of oil in place (JV estimated). 5% - 6% - 7% is very meaningful when the targets are elephant sized. I suspect 3B/4B resources will be upgraded in due course, no one better to partner and get carried by than Total and moneybags Qatar. What ECO need is a drilling timeline to be announced, then it's off to the races. They could also get a Guyana farmout done on better terms. Cash | cashandcard | |
07/3/2024 19:48 | I don't think ECO have been shafted, better to be funded for drilling and have the partner of choice, than issue shares like confetti to fund drilling and take on huge financial risk. If ECO relied on issuing shares to raise money to fund well drilling the share price would collapse and any hydrocarbon finds watered down by the billions of share in issue anyway. Any dry wells could have meant collapse. It's much better to avoid the risk and benefit from any finds albeit in a smaller way. With Total in charge and having rigs in the area, the exploration wells are likely to happen sooner too. | gisjob2 | |
07/3/2024 19:36 | 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 | mr hangman | |
07/3/2024 19:17 | I've watched this share for months and couldn't see the near term share price drivers, so was quite surprised the farm-out happened quite so quickly. Having seen the plunge in price today after yesterday's RNS I decided to buy at 9.9p because surely this will be higher in the next few months after the next farm-out and just prior to Orange Basin drilling hopefully around Christmas. I'm taking a 12 to 18 month view. | gisjob2 | |
07/3/2024 17:16 | Totally agree gisjob2, but this is AIM short termism and with no more news for a while shareprice will drift, although how much is anybodies guess. I lost out on the last drill (30p), and aim to get my average down to around 12-15p, over the next few weeks. I don't mind waiting for a year, given that Total are involved, and now there is very little risk of a placing. | ragpicker | |
07/3/2024 16:30 | Can't believe the share price reaction today. While I can understand the intial disappointment about the retained share after the farm-out, it's fully carried and will generate staged cash payments for the company. Total are the company of choice in the area and on a successful drill result ECO could be sitting on a small share of a very large resource. The hope is for the drilling to commence around year end (possibly best to allow a small delay) which will surely increase the share price on anticipation of any success. I see this as securing ECO's near term future prior to farming out Orinduik and Namibia. I can't quite believe that the share price is around the same as before the RNS yesterday, Eco seems in a much better place today than last week. | gisjob2 | |
06/3/2024 21:11 | By the looks of things looks a decent farm down | mr hangman | |
06/3/2024 17:48 | Malcy's take on the Farm In. This too is a very good deal, a strategic fit if ever there was one which leaves Eco in a very strong position in South Africa with Total and Qatar as partners. Indeed as partners Total fit the bill down to a T, they have immense knowledge of the petroleum system, are involved in blocks 5,6 and 7 as well as deep water blocks and now have two rigs of its own in the area one of which is earmarked for the Orange Basin. This is the biggest deal Eco has done, a great deal of money brought in in a number of payments including the spud of an exploration well and more importantly a full carry of all its JV costs repayable from production. But this is a smart deal in more than one way than one, with its 6.25% Eco will be in a very strong position in one of the best post codes in international oil exploration. The 4 billion barrels in the CPR mean that even 6.25% of that really ‘moves the needle’ in any valuation of Eco, they are kushti in that after any discovery and payback they have the put and the call. My guess is that Qatar would buy more of the block so would be a natural buyer at a premium or Eco could just hunker down and watch the value rise. Once this has been done Eco have the small matter of their acreage in Namibia to farm-out and with the interest locally interest may be substantial. Finally the company are doing a formal farm-out process with regard to their Orinduik block in Guyana where current interest is also very keen. Eco shares are up very modestly today, it will take a while for the market to work out quite how valuable they are after this deal and I’m sure that will come with time, they stay in the bucket list out next week. | bocase | |
06/3/2024 12:16 | Proactive Investors 'Eco Atlantic Oil & Gas announces biggest deal to date with Orange Basin farmout' | mick_oi |
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