Eco (atlantic) Oil & Gas Share Discussion Threads

[giantpeach2] 16/2/2018 20:37

WOW! nice closing high.

[davwal] 15/2/2018 20:59

Malcy reckons on it being £1 a pop before too long, and I wouldn’t turn my nose up at that. Wonder when they’ll release the seismic results, cos that could send it to 50p.

[maccamcd] 15/2/2018 12:36

closed up 7% in Canada last night..

[giantpeach2] 15/2/2018 12:16

Looks like it trying for a new high!!!!

[davwal] 12/2/2018 21:23

Malcy is now an Eco fan...

hxxp://www.malcysblog.com/2018/02/vox-markets-podcast-savannah-petroleum-pantheon-resources-eco-atlantic-oil-gas-frontera-resources-echo-energy/


Ps how do you make it a live link on here?

[maccamcd] 11/2/2018 11:03

nice one good spot!

[davwal] 11/2/2018 10:23

The Sunday Mail’s Midas column today has given Eco a solid recommendation for a punt against market volatility. Could see a nice flurry on Monday...

[maccamcd] 24/1/2018 08:21

Lovely positive BUY note out from Hannam & Partners today.£1.13 tgtVALUATION – TOTAL RISKED NAV OF 113 P/SHAREThe current share price is supported by the price that Africa Oil paid of 29p/share. Assuming that the Total farm out proceeds, and other options and warrants are exercised, Eco is set to have cash backing of 13.9 p/share. We derive a risked exploration value of the two potential prospects of a combined 99p/share (Amatuk in Guyana 53 p/share and Osprey in Namibia 46 p/share), suggesting a risked value of the company of c113p/share. We note that this is early stage exploration and key risks to our NAV relate to the size/quality definition of the prospects post 3D seismic (the trigger for Total's farm in), timing of potential wells and exploration results in Namibia's adjacent block. The share price will therefore reflect the progress of these potential wells. The next key milestone will be the interpretation of the 3D seismic in Guyana, expected in 1Q18, and whether Total wants to proceed with the farm in.

[giantpeach2] 23/1/2018 16:10

Looks like a new high has been reached again today.

[dbh1234] 23/1/2018 01:43

Vox markets interview with Eco yesterday.
Exxon’s drill beginning this week is right bang on our orinduik border!

[giantpeach2] 22/1/2018 17:39

Ok cheers, had a few more today and will be adding more as funds available.

[panadin] 22/1/2018 14:43

Stock Exchange site shows £36.66 mill

[davwall] 22/1/2018 13:05

HL say 36.85m.

[giantpeach2] 22/1/2018 12:43

advfn got market cap at 4.8mil that must wrong??

[divmad] 18/1/2018 21:53

The only negative I can see right now is that a 1st Drill in Guyana may be delayed until 2019. Just hope the oil stock positive sentiment remains with us a while longer.

[divmad] 18/1/2018 15:48

For the last two days, flat am action then an afternoon rally. Looks like the Canadians like Eco more.

[caters] 18/1/2018 13:57

It does appear as if ECO may have sold a bit too cheaply to Total, but no matter, there's still 15% of Guyanan prospects + Namibia + potential JVs with Africa Oil

[neo26] 18/1/2018 13:52

they would be stupid not too, $12m and to drill very close to proven oil..

[caters] 18/1/2018 13:28

It would be a strange message from Total if they took the full 120 days to decide. I suspect Total will decide in just over half that time, say, 67 days.

[neo26] 18/1/2018 13:17

thats what i got out of the rns, once they have processed total has 120s from then, the 120 days haven't commenced yet...

Nevertheless, mkt cap just under 37m, Bargain..

[caters] 18/1/2018 11:03

but it sounds like they will soon get the 3D.

Total then have 120 days to decide.

Once the 3D is sorted, I'd guess that Tullow will get on with arrangements regardless of Total. ECO now have the cash for 40% of a Guyana well, ie, if Total stay out - which they won't, imo. The ECO/Total deal won't hold up drilling progress.

[ayesha4] 18/1/2018 09:09

News does seem a little away though. May actually stabilise here. Total wont be parting with any cash until they see the full seismic results and they dont have those yet.

[mr hangman] 18/1/2018 09:03

This will only go one way, as we approach the drill

[maccamcd] 18/1/2018 09:00

yep.. this is looking seriously good for 2018 drilling potential.
Billions of barrels of oil potentially... Market cap £50m
Africa oil behind them financially with $400m war chest.
topped up this am..looking for 50p in spring.
Obviously need the oil price to stay lofty!

[davwal] 18/1/2018 08:04

I guess today’s news regarding Phase 2 firms up the likelihood of a really good result from the seismic survey.