Eco (atlantic) Oil & Gas Share Discussion Threads

[leoneobull] 02/7/2020 18:24

Https://www.stabroeknews.com/2020/07/01/news/guyana/pompeo-says-has-instructed-his-department-to-hold-accountable-all-those-who-undermine-guyanas-democracy/Evening all.

[booradley1] 02/7/2020 16:13

How are they going to play it?

[tarlok] 02/7/2020 15:39

all those buys in the last hour and no movement up ....shows you all you need to know about how MM are going to play this stock ..

[scoble2] 02/7/2020 14:43

Are we expecting news soon?

[2prsimo] 02/7/2020 14:34

The cheeky sods are filling 50k and 100k orders for someone

[scoble2] 02/7/2020 14:30

Huge volume it will move north. Oil is up. Got more @ 22.5

[booradley1] 02/7/2020 14:13

Fingers crossed pamzab...wonder if blackbaron has heard anything new?

[pamzab] 02/7/2020 13:42

I've just added a load at 22.45p. This feels a good opportunitu to top up right now, seeing as we were circa 30p a week or so ago. Time is ticking, and these prices wont be around for much longer as we get closer to drilling. Surely an easy bagger at least from these levels.

[gooner1886] 02/7/2020 06:38

I wont mind if it dips below 20p either

[pro_s2009] 02/7/2020 06:36

Exactly, they are full funded for Guyana.

All being well with a good farm out deal in Namibia, they will also be fully funded there for a couple of drills.

Billions of barrels of prospective being targetted. Namibia higher risk, Guyana now quite lower levels of risk with the Cretaceous targets.

[gooner1886] 02/7/2020 06:33

Yes and good thing about eco they have cash for now so no cash raise or dillution always a plus!

[pro_s2009] 02/7/2020 06:25

Same has been happening with PRD (Predator). I brought in at 1.8p few months back and just sit and wait for their Morocco well spud.

Sub 10M market cap, they have a Trinidad EOR project ongoing and Ireland "non fracked" LNG plans.

Currently now 4p (Directors purchased at 4p in Feb 2020 in a placing). Should be in the 6p to 10p or more range by October. Success with the Morocco drill and anything up to 50p is possible with a fair wind.

Patience - buy good companies without ongoing risk - be patient - wait - share price will rise.

[gooner1886] 02/7/2020 04:28

As soon as they farmout its going north, then its just a waiting game for the schedule

[gooner1886] 02/7/2020 04:21

U should make multiples of this before spud, well hopefully lol

[pro_s2009] 02/7/2020 02:56

Exactly Gooner. Fill yer boots while nobody else wants to buy. Sell them back at your leisure for big profits in 2021 to those who did not want to buy in 2020.

Anyone with a brain cell knows this will be massively higher in 2021 as drilling gets close. Easiest money to make is simply by the use of something called "patience".

[gooner1886] 01/7/2020 21:42

You wont see these prices at the turn of the new year thats for sure , time to buy when naff all is going on, but it will be soon enough

[leoneobull] 01/7/2020 21:25

I think the answer may lie in your question? GLA

[leoneobull] 01/7/2020 21:21

PRO. Hasnt done the TLW share price much good though has it, but they actually have production and revenue unlike ECO.

[leoneobull] 01/7/2020 21:20

Reminds me of the situation at Bowleven here. Great prospects, if it takes too long, it will be the usual endless dilution. Hence the 40% cut in G and A GLA. What happened in the election? Still unresolved?

[davwal] 01/7/2020 17:55

I’d be amazed if Eco are not in some level of discussion/negotiation with potential suitors for a slice of the Namibian licences. That said, there’s the little niggle of why Tullow bailed out at a cost, what their final conclusion was about the likely prospects.

[ifthecapfits] 01/7/2020 10:48

Prospective - of course.