Eco (atlantic) Oil & Gas Share Discussion Threads

[babbler] 13/11/2017 08:30

Me too. Cheaper than placing. And they are locked in for 4 months...

[divmad] 13/11/2017 08:03

I'm joining you on this one. Good luck newbies!

[maccamcd] 13/11/2017 08:00

Sorry 28% premium

[pjj71] 13/11/2017 07:59

agreed.. good work management....

[maccamcd] 13/11/2017 07:17

Wonderful news.Great work by the management raising money at a significant premium instead of getting their pants pulled down. Shows lots of positives about the assets and perception in the industry to raise money at a 37% PREMIUM with a corporate.Great little investment now!

[penfold6] 12/11/2017 21:08

phoebusav

good post. potential valuation needed here and that is without namibia(although that looks higher risk until others have drilled, athough more net barrels to ECO).

so under the radar this potential *giant*.

looks like theyve already upgraded their 900m barrels...

latest presentation says *Shallow Water Leads in Excess of 1 Billion Barrels*

hxxp://www.ecooilandgas.com/_resources/presentations/EOG_Presentation.pdf

i need to buy more shares me thinks.

[phoebusav] 12/11/2017 16:17

Assuming 3D results upgrade the size of first two drill targets by a third from 900 to 1200 MMBOE recoverable and Total does farm in, which I think is pretty much nailed on, ECO will then have an effective free carry on at least 2 drills targeting P50 180 MMBOE net recoverable. 100p/BOE pre drill would give around 150p per share with a share price several times higher than that in the success case. The licence is highly desirable being next to some of the best discoveries of the last decade and I think drilling will occur sooner than many expect. The fact the seismic campaign has been done far earlier and more extensively than required under the licence terms is evidence of this. Watch this space. I fully expect ECO to be one of the top performing shares in 2018.

[swizz] 11/11/2017 10:48

40p,.....GL S

[hope67] 10/11/2017 23:13

Bought some today what are everyone targets for next year?

[mr hangman] 03/11/2017 09:13

No point even thinking of selling (just buying) until the rig arrives

[baz9707] 02/11/2017 22:15

Terry it is looking good chort term.
At what point to sell 50% or wait for the bag.

[terry topper] 02/11/2017 20:33

I am loving the absence of nutters on an E&P discussion forum for once.
Don't expect it to last.
This looks like an interesting investment on a 3-5 year view

[penfold6] 01/11/2017 06:50

Eco Atlantic should reignite PI interest in large exploration drills

By Gary Newman | Tuesday 31 October 2017

hxxps://www.shareprophets.com/views/32427/eco-atlantic-should-reignite-pi-interest-in-large-exploration-drills

[baz9707] 30/10/2017 13:36

Decent rise under the radar.

[phoebusav] 10/10/2017 14:17

970,000 share trade just reported. Appears to be delayed by 24 hours and marks exactly the start of the rally.

[bumpa33] 09/10/2017 19:28

interesting share price action today, Cantors had some stock available in the book but Peel Hunt had a large buyer into them...

[penfold6] 09/10/2017 17:21

jersey oil and gas(jog) today announces recoverable oil of between 25 and 130million barrels.

jog holds an 18% interest in that well, so net 4.5-23.4million barrels to jog. rises 485% today.

what will happen to eco if the Guyana 3d confirms and extends the previous estimate by tullow of 900million barrels?

then there's Namibia with eco holding a share of an estimated 2.3bn barrels of prospective p50 resources.

todays 11% rise may not even be seen on the chart by next year.

[phoebusav] 06/10/2017 19:46

Why would they bother now? They have cash, so why not wait for 3D results and Total farm in. If they need extra funds for Namibia they should be able to get one away much higher in a few months. The sell off this week is just a low volume reversion after the farm out spike IMO. Almost at LSE listing lows so I'd expect a bounce soon, especially with 3D results only a month or so away.

[soulsauce] 06/10/2017 15:47

Some more volume today but some chunky sells. Wonder if the company might be thinking of strengthening the balance sheet.

[penfold6] 02/10/2017 09:43

vox markets interview. from 2mins

hxxps://audioboom.com/posts/6346808-885-eco-atlantic-oil-gas-eco-tekcapital-tek-kryptonite1-kr1-connor-campbell-on-ecm-tsco-dfs-alan-green-on-hotc-cbp-bree?t=0


new october presentation(full 3d results dec)

hxxp://www.ecooilandgas.com/_resources/presentations/EOG_Presentation.pdf

[cliley454] 27/9/2017 20:16

Great deal with Total. If you want to get in on the cheap, take a look at PRS.
I’ve posted some exciting research on the bb.

[bumpa33] 27/9/2017 09:59

Some punchy offers still abound, however Peel Hunt have been doing all that business at 18.5 and continue to have the buyer into them...

[bumpa33] 27/9/2017 09:44

A fair chunk of stock going through at 18.5 yesterday (and some more today) yet no movement in share price must be a big order in the background.

[penfold6] 26/9/2017 12:19

great deal for both parties.

2D was done over a smaller area to the 2,500km2 of 3D just done. from the results tullow estimate unrisked resourced up to 900mbo. the 3D is looking to validate those 2 finds, as well as finding new ones over a larger area.

total gets a slice of the pie(has it had a look at the preliminary data?) for a very good price.

eco gets a lot of cash to fund at least 2 holes(and funded for 2 years with no fear of dilution - the spectre of aim).

mr market would've been well aware of eco's cash needs to fund 2 holes(based on the 2d survey finds), hence the current low valuation. 40% of 2 holes at $35m each is $28m that eco would've needed to find, which would of involved a doubling of the shares currently in issue. eco doesn't need to do that now :-)

tullow also carry eco for 100% of the first hole on the cooper licence in namibia, potentially to be drilled next year.


*A number of preliminary leads have been identified by the operator within the prospective Upper Cretaceous (Campanian and Maastrichtian) section, with the identification of potential shelf-edge canyon systems related to the Liza turbidite sands to the east. One such lead, Amatuk, is thought by the Operator to have a prospective unrisked resource potential of up to 700 MM bbls and another, Kurutuik, over 200 MM bbls, although it should be noted that these are Tullow’s internal estimates which have not been independently assessed by Gustavson. Eco Atlantic, after consulting and as agreed with the Competent Person, has not conducted an independent evaluation of the data at this stage, as it is considered to been too early to do so and the Company considers it more prudent to await the arrival of the extensive new 3D survey in 2017.*

hxxp://ecooilandgas.com/investors/aim-rule-26/admission-document-Eco.pdf