Eco (atlantic) Oil & Gas Share Discussion Threads

[soulsauce] 29/8/2018 13:54

That is the nature of oil exploration ayesha. Surely you have been in the game long enough to know that especially when you are a little fish mixing it with the big fish like Eco are.

Be a lot more waiting yet so sell and spare us the language if you are hoping for a quick turn.

[cashandcard] 29/8/2018 12:01

Clearly, the Guyana asset is the jewel in the Crown. Two criticisms; they got very poor terms (monetary and timeframe) for the Total deal and they seem to miss their own timelines a lot (refer to Vox interview June). Until a drillrig is booked, will keep watching.



Cash

[davwal] 29/8/2018 10:24

Basically Guyana is Tullow's show and they do what suits them when it suits them. Gil and ECO are very much the junior partners and get what they are given at Tullows choosing.

[davwal] 29/8/2018 10:16

Given how long the 3D data has been coming, I can now understand some folks getting peed off waiting and taking their profit to date.

From ECO:

Sept 26 2017
The exercise of the Option must be made within 120 days of completion of processing of the 3D seismic. The survey acquisition was completed on September 5th 2017 (“The Seismic Data Report”) and processing is expected to take 2-3 months.

Nov 22 2017
Processing has commenced in October 2017 is expected to be completed in January 2018.

June 21
All the data that was received to date has already been delivered to Total and Eco anticipates that the final batch of data will be delivered to Total E&P Activitiés Pétrolières (“Total”) for analysis in the coming weeks, with the final report expected to be delivered in August.

July 30
The remaining data and final report will be provided to Total in the coming month.. (I make that August)

Today
We anticipate delivery of the final data sets to Total in September 2018,

Note they 'anticipate', so dont hold your breath..!

[soulsauce] 29/8/2018 08:42

Yes strange reaction to today's news. CPR due next month will show we are sat on potentially huge amounts of oil and even though Total have 120 days, they may already know from what they have and from drills in the vicinity that they are going to go forward.

[pjj71] 29/8/2018 08:33

opportunity to buy more cheaper

[jimarilo] 28/8/2018 09:08

Interview today with John Begg Pancon (PCL)

[jimarilo] 27/8/2018 22:52

Q1 Namibia and Q3 ? Guyana

Regardless of the above, there is much going on before then

Just with Namibia there could be 4 to 6 wells drilled ahead of ECO, any success will derisk the surrounding blocks, adding value to the players with interests in those blocks

I see Africa Energy Corp up 25% tonight on the TSXV

GBP on the ASX up 38.5% over the last two trading days

GBP on the AIM up 35% last week, however GBP starting from a very low m/cap

Just a matter of time here

[grannyboy] 27/8/2018 21:38

Am I right in thinking it's going to be well into next year, IF even then, before there is any drilling action involving ECO?.

[davwal] 27/8/2018 19:44

Good. And wouldn’t be just incredible if it turned out Eco was sat over a prime reservoir. Ah well, we can but dream...

[jimarilo] 26/8/2018 17:11

Interest building

[jimarilo] 24/8/2018 17:02

Nice one ;-)

I have 40k ECO and 1.6m GBP, I like both stories, Namibia and Guyana are red hot

[leoneobull] 24/8/2018 16:44

Jimarilo. I bought 45000 odd Thu at 32.75. Showed as a sell

[jimarilo] 24/8/2018 08:17

ECO & GBP about to pop ;-)

[davwal] 23/8/2018 21:19

Nice little rise today assisted by the large buy. Things are moving it would seem - imminent even...

[mr hangman] 22/8/2018 10:02

Some posters are showing their age - boom boom...

[davwal] 22/8/2018 09:51

That'll be our Basil Brush period then - boom boom...

[baz9707] 21/8/2018 15:54

Davwal agree bud.
No rush and so holding wait for the pre boom then the drill booom

[davwal] 21/8/2018 15:37

Agree all the indicators remain hugely positive and the momentum is building in the two areas of Eco's holdings. The share price is suffering fatigue from apparent lack of progress over a pretty longish period, but I think there will be a 'boom' moment in the not too distant future. Hold on to those shares.

[jimarilo] 20/8/2018 20:34

Excellent Cannacord note on Namibia out today

The scale of the potential that has attracted these companies is difficult to
assess from available public information. However, the presence of
companies as large as Exxon, together with certain competent person’s
reports (CPRs), and various company presentations, point to a multi-billionbarrel
potential across Namibia.

[jimarilo] 20/8/2018 08:35

Don't know if anyone has noticed, but the Poseidon has left Walvis Bay and heading offshore to Cormorant

Game on !

[jimarilo] 20/8/2018 08:18

Rumour is Lundin Group wants to buy out AOI
The rumor is that Lundin wants to swallow up AOI throu a bid from IPC, Lundin has a larger ownership in IPC than in AOI. The rational is that IPC has a strong oil production and cashflow but small reservs, while AOI has huge reservs in Kenya but no oil production, Kenya is expected to start production 80.000 bpd approx 2020. Seems like a logical deal, but the largest share holder in AOI (Brittish Helios) is not satisfied with the price tag, Helios owns approx 10% of the shares in AOI.

Read more at

[jimarilo] 16/8/2018 21:25

Africa Oil Corp presentation page 11 shows when we drill