Eco (atlantic) Oil & Gas Share Discussion Threads

[maccamcd] 05/3/2018 17:14

Fair point.. Unless you don't think a tale of the unexpected is possible.I'm comfy we have limited Downside on your observations, but some left field cake is possible

[maccamcd] 05/3/2018 10:06

nice summary!
think i'm underweight

[phoebusav] 05/3/2018 09:44

What a laughable assertion Potter. I'll just assume you posted on the wrong board. Since summer ECO has finished 3D acquisiton and done most of the processing, hinting that the number of targets and total resources has increased. We will likely see at least 1500 MMB recoverable and a COS increased considerably. CPR is pending. Africa Oil bought in at a big premium and Total took a farm in option. Together this will see the balance sheet massively strengthened to about 17p per share in cash from near zero and the company fully funded for up to 4 drills in Guyana. Exxon has continued to make discovery after discovery adjacent to Orinduik and has so far found circa 4 billion barrels recoverable directly adacent and down dip of ECO's targets. In Namibia the industry has at least 2 wells scheduled for this year, with ECO's Cooper block ready for drilling when TLW gives the nod. ECO is carried in that event. No, not a lot happened Potter.

[maccamcd] 05/3/2018 08:33

I'm expecting 50p sort of region by May..
too much obvious good news could come out before then..
only negative could be a stock mkt collapse and oil price collapse.
but.. without that should be pretty underpinned and very good chance of upticks

Pareto BUY note takes a bit of time to get into the institutional inbox and meetings booked.

[gibso6767] 05/3/2018 07:53

the potential here is massive and more so with our neighbours and there ongoing operations etc

[caters] 04/3/2018 23:20

I really doubt that this has perhaps peaked already.

[zebbo] 03/3/2018 11:48

Proactive

companies/news/192404/eco-atlantic-oil-gas-growing-in-confidence-as-exxon-hits-another-guyana-discovery-192404.htm

[giantpeach2] 01/3/2018 16:27

Can only be a strong buy now, load up while its cheap.

[phoebusav] 28/2/2018 13:36

EXXON RNS

'65 feet of high-quality, oil-bearing sandstone'

hxxp://news.exxonmobil.com/press-release/exxonmobil-announces-seventh-oil-discovery-offshore-guyana

This should increase COS for adjacent Orinduik prospects. Will be astonished if Total don't farm in now. GLA

[giantpeach2] 28/2/2018 11:30

Thats looking more like it!! woooosh

[zebbo] 28/2/2018 10:27

Pareto securities comment

'Pacora-1 is the closest discovery to the Stabroek-Orinduik boundary and in our opinion will increase industry's interest in the adjacent acreage. We expect this update to help support momentum in the company's share price over the next few days. The company's interim results contained no surprises or material updates.'

[giantpeach2] 28/2/2018 08:18

We are proud to present our financial report for the three and nine months ended 31 December 2017. Our balance sheet remains very strong, following our AIM IPO back in February 2017, the receipt of US$ 1 million from Total as payment for an option to farm into our Orinduik Block, and the completion of the CAD$14 million private placement with Africa Oil Corp. These transactions, together with the exercise of options and broker warrants, which injected a further CAD$840,000 into our cash reserves, leave us in a robust financial position. We are leveraging these cash reserves to continue to advance all of our exiting licenses, whilst assessing new opportunities in frontier regions, in line with our strategic alliance with Africa Oil Corp. giving the area's high prospectivity and large discoveries, we remain confident that Total will exercise its option to farm in to our Orinduik block which could potentially add an additional US$12.5m to our balance sheet.

Not many aim companies can boast such figures!!

[giantpeach2] 28/2/2018 08:11

ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the Payara reservoir in the Stabroek Block.

OilNOW understands that while the discovery is not the largest to date, the find is significant as well as its proximity to the Payara reservoir where a third development project is set to get underway by 2023.

Kimberly Brasington, ExxonMobil’s Senior Director, Public and Government Affairs confirmed the discovery to OilNOW on Tuesday. “ExxonMobil Guyana confirms an oil discovery offshore Guyana at the Pacora-1 well,” she said, indicating that more details will be made available in a press release on Wednesday.

A three-month drill programme got underway at the Pacora-1 well site on January 25. Six vessels were part of the fleet aiding in the exploration activities at the Pacora prospect.

On January 5 ExxonMobil announced its 6th discovery in Guyana at the Ranger-1 well adding to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot. The company said at the time additional exploration drilling is planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery.

[zebbo] 28/2/2018 07:45

ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the Payara reservoir in the Stabroek Block.

OilNOW understands that while the discovery is not the largest to date, the find is significant as well as its proximity to the Payara reservoir where a third development project is set to get underway by 2023.

Kimberly Brasington, ExxonMobil’s Senior Director, Public and Government Affairs confirmed the discovery to OilNOW on Tuesday. “ExxonMobil Guyana confirms an oil discovery offshore Guyana at the Pacora-1 well,” she said, indicating that more details will be made available in a press release on Wednesday.

A three-month drill programme got underway at the Pacora-1 well site on January 25. Six vessels were part of the fleet aiding in the exploration activities at the Pacora prospect.

On January 5 ExxonMobil announced its 6th discovery in Guyana at the Ranger-1 well adding to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot. The company said at the time additional exploration drilling is planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery

[giantpeach2] 27/2/2018 22:00

lol we will not be moaning in a few months!

[ayesha4] 27/2/2018 18:36

GianpeachIts me not you. I bought 100k in tranches - fell ever since.

[giantpeach2] 27/2/2018 17:07

Always happens when I buy more lol, but i am not here
for pennies!!

[ayesha4] 27/2/2018 16:27

Fall is disappointing. Exons pacora well a couple of weeks away right on the border of Ecos acreage.

[caters] 26/2/2018 22:13

It looks as if the drill may sneak into 2018... Tullow's latest ops update indicated so.

[maccamcd] 22/2/2018 07:57

We are initiating coverage of Eco (Atlantic) Oil & Gas Ltd. (“Eco”) with a BUY rating and a GBp95 target price, which represents a 12-month upside of 148%. Eco is an exploration-focused company with attractive and potentially high-impact exploration prospects offshore Namibia and Guyana, in our view. As a pure explorer the company is a high risk investment proposition. However, with its available funding and 2018-2019 catalysts, we consider the company as an attractive investment on a risk-adjusted basis, and a strong addition to a balanced portfolio.