Noble Venturer has arrived on the well location. |
Hopes for ECO at the moment lie with te drill about to start by Rhino using the Noble Venturer on PEL 85 as this may have positive implications for Block 1. |
I can say after doing this for a long long time, you rarely get new basin play openings - and rarely ever have minnows involved.Total and partners will be using an AVO driven target approach which, atm, is leading to all the discoveries in Namibia - circa 85% drill success rate in exploration. Amazing!There is a bright future here, it's just a matter of time and patience.Cash |
Mopane is undergoing a seismic survey and is likely the 'Greater Mopane' by the Ramiform Hyperion. It is covering a massive area on behalf of Galp; I suspect this will need to be used to help with unitization, as I think Mopane will cover several blocks.
TTE is also carrying out an HD seismic survey using the Argeo Venturer.
Namibia is hotting up. |
Reading through past rns'sThe last fund raise was in 2022 at 30p is this correct? |
Update from Sintana upon well no 4. on the Mopane oilfield.That's the first time I've seen them put a number on the sheer scale of this beast;Mopane oilfield - 585km2 aerial extentJust enormous.Cash |
hXXps://www.africaintelligence.com/southern-africa-and-islands/2024/12/12/oil-junior-eco-atlantic-prepares-to-sell-stakes-in-orange-and-walvis-basins,110350438-art |
Finally. It's been a long wait. Is it about to happen? |
11 about to pop here, market order only for size, feels like news is about, GLA |
A little interest into the close? |
TROVE News (by 1st Subsurface): hxxps://youtu.be/smgvg8cTlTE?si=1-kAdXqLP3xIhfvu
25 minute movie, not Eco specific - regional news/subsurface general info. |
What's going to be so special about this meeting. |
No it isn't ! Stop punting this subscription website |
115 km away |
Hiw far is this from ECOs interests? |
 Another drill success offshore reported late last night by GALP/Sintana Energy. 1st of 4 appraisals in current program on the giant Mopane oilfield, third well on the field confirms extension of main reservior AVO-1 almost 10km away;"29.11.2024Galp (80%, operator), together with its partners NAMCOR (10%) and Custos/Sintana Energy (10%), has successfully drilled, cored and logged the Mopane-1A appraisal well (Well #3) in block PEL83, which was spud on October 23. The Mopane-1A well encountered light oil and gas-condensate in high quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimum CO2 and no H2S concentrations. Together with the Mopane-1X (Well #1) and Mopane-2X (Well #2) findings, this appraisal well confirms the extension and quality of AVO-1. Galp and its partners will continue to analyse and integrate all new acquired data, whilst progressing with the upcoming activities, which include E&A wells, and a high-resolution proprietary 3D seismic campaign set to start in December 2024"Namibia is on fire!Cash |
I was an investor in Eco in 2020 when they found the heavy oil, although it did 100% plus on the find.It now looks interesting for next year at these levels but patience willBe needed. Been to quiet last year or so. Gil does need to get his finger out. |
Big year 2025 |
hxxps://www.proactiveinvestors.co.uk/companies/news/1061589/eco-atlantic-oil-gas-boss-says-explorer-is-well-placed-to-land-partners-and-advance-projects-1061589.html |
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