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 |
Sensational deal. Read through value for their remaining stake in 3B/4B is the MC. Everything else in for free. Broker target is 125p |
Stunning deal - what a buyback |
Come On Gil get the Orinduik farm-out over the line ! |
https://energychamber.org/namibia-shell-write-down-merely-a-speed-bump-not-a-road-block/ |
Gil has already said the money ECO have will last years as they intend to be carried for any well drilling, so only need money to keep the lights on and day to day expenses. |
What sort of cash position now ? thinkIt was around 7million in september 2024, waiting on another 11 million to come in.Cant be too much big over heads |
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. |
The thing is, we have the Noble Venturer drilling as we speak in a nearby block [but in Namibia] and they must be coming very close to knowing what is down there.
A successful drill will de-risk Block 1,a little. |
Does any one feel the mcap is toppy? Looking for debate not fudding ECO.Gils time scales are well of from the presentation last march and hes been awfully quiet |
Ticking up, little by little, day by day. |
It looks mouthwatering, I'm very surprised no one has commented about the JHI holding... |
Fantastic presentation.Cash |
Sintana just released their latest presentation: brand new slide about their PEL 79 which is contiguous to ECO's Block 1.
Think of Mopane holding 10BOIP, then look at their targets. Could these continue onto Block 1?
hXXps://sintanaenergy.com/wp-content/uploads/2025/01/sei_corp_presentation_jan24.pdf |
No it isn't, cat33, stop posting this nonsense on every board it's a waste of time |
Any chance you can cut n paste it |
More good news the Deep-sea Bollsta has now arrived on location in PEL90 to drill Chevrons first well - Kapana 1X. Immediately North of Venus/Mangetti and Tambotti.Namibia - it's all happening. All these wells are major.PEL90 effective working interests now after the recent entry of Qatar Energy;Chevron 52.50% Qatar Energy 27.50%Namcor 10% (carried)Custos 5.1% (carried)Sintana 4.9% (carried)Cash |
Agree. I'm anticipating results will be similar to the Mopane wells, I guess we'll find out in a few weeks. GLA |
Jamesie,Thanks. Azule (BP/ENI JV) & local partner Rhino are going after Sagittarius prospect - as I understand from some other sources, an absolute peach of a prospect, very similar and on trend with the huge Mopane oil discovery.Cash |
Rhino's well has spuddedhttps://www.linkedin.com/posts/rhinoresourcesltd_namibia-orangebasin-africanenergy-activity-7275224662417018880-fYjF? |
The wells being drilled by the Santorini by Galp/Sintana have taken about 40 days including a mini DST's. |
Between 6 and 12 weeks, depending upon testing. |
How long till drill result? |
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