Eco (atlantic) Oil & Gas Share Discussion Threads

[ltinvestor] 01/7/2020 10:43

In the past Eco have publicly stated that their 4 blocks in Namibia contain 21.5bn barrels!That’s a lot of oil...

[jimarilo] 01/7/2020 08:35

Looks like it is all about to kick off in Namibia.......obviously there are deals coming ahead of drilling in the region

[pro_s2009] 01/7/2020 06:55

Supermajors Are Flocking To This Booming Oil Frontier


............Eco Atlantic (LON:ECO), which is also partnering with French giant Total and Irish mid-cap Tullow oil in Guyana’s Orinduik license offshore, owns four licenses offshore Namibia, including a majority stake in the Cooper Block. ECO has a drill target ready at the Osprey Prospect, and is looking for another partner right now, with three more years on its license. .....................

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[pro_s2009] 30/6/2020 05:56

Worth a listen




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[fireplace22] 27/6/2020 10:43

..and still own 318M..

[ltinvestor] 27/6/2020 10:29

I wouldn’t post it on the Hur site but the future is grim and I really feel for those who fell in love with the stock and didn’t take the signal from Kerogen, who managed to sell 110m at 46.5p...

[pro_s2009] 27/6/2020 07:04

Not concerned about that, money talks end of the day.

[leoneobull] 27/6/2020 06:49

Pro. Thanks for all the negativity over on the HUR BB!Spotted this re Guyana. Trouble ahead???Https://www.theguardian.com/world/2020/jun/27/huge-oil-discovery-off-guyana-raises-the-stakes-in-election-case

[pro_s2009] 24/6/2020 02:47

Bank of America (BofA) Global Research has lifted its oil price forecast for this year. It now expects Brent crude to average $43.70 a barrel in 2020

[gooner1886] 24/6/2020 02:05

Would expect some sort of market update again maybe next month

[gooner1886] 24/6/2020 02:04

Yes just read the update again from april18.8m dollers in cash and no debt. We dont know the fullImpact yet of covid but allThe board have took 40% paycuts obvious have had big cost cutting measures in place

[pro_s2009] 24/6/2020 02:01

On present rig prices they are fully funded for up to 4 drills. The two planned 2021 Guyana drills will still leave them with funds to do more.

[gooner1886] 24/6/2020 01:58

Aslong as they drill early next year, they say they are still fully funded for 2 drills i believe its a no brainer, if you can wait it out that is

[gooner1886] 24/6/2020 01:57

Im happy for this to stay in the 20s lol for a while honestly believe once drills/farmouts announced you could 4/5x even pre drill from here, Eco are decent PR wise aswell once drills etc are confirmed

[pro_s2009] 24/6/2020 01:33

Trouble with having no news flow, there will always be the short term traders and stale holders willing to sell a few into a rise.

Need some news to move this in any big way over a short time frame.

[big brother8] 23/6/2020 23:33

BIG BRO TARGET PRICE 1P REMAINS. WAY OVERVALUED BY 20 FOLDS.

ENJOY.

BB8

[davwal] 22/6/2020 13:15

Very frustrating that Eco just can’t hold a decent rise, even at these prices with a stronger oil price. 30p bid seems a big barrier for now.

[jimarilo] 20/6/2020 09:06

Maersk Voyager getting ready for next spud in Angola, just had riser off loaded



I know the new crew have been self isolating in a near by hotel for a couple of weeks, so must be soon. This well is to take maybe 80-100 days, but the West Gemini may cover the Venus well, ahead of the Voyager, time will tell

Just good to see things moving again

[pro_s2009] 20/6/2020 01:20

US rig count down 13.

Minus 10 oil and minus 3 gas

[gooner1886] 19/6/2020 11:48

Gave in started scaling in was looking for lower , if drops i can buy more. Obvs got to hold these to possibly q1/q2 2021 but eco served me well last year.

[davwal] 19/6/2020 11:28

Could see 30p today, if stock is in short supply as some suggest elsewhere...

[pro_s2009] 19/6/2020 11:13

29p bid now, as expected they were looking for sellers. Lets hope the background buy order is large.

[davwal] 19/6/2020 10:58

Short of a major announcement I think you can safely count on Eco’s share price creeping at best...
That said, I still feel a Namibia partner can’t be far off.