Eco (atlantic) Oil & Gas Share Discussion Threads

[manicat] 15/2/2022 04:35

hTTp//www.upstreamonline.com/exclusive/shell-within-hours-of-spudding-namibia-appraisal-well-on-huge-graff-oil-discovery/2-1-1168213

[mick] 14/2/2022 19:54

Graff - 2 about to commence drilling from Upstream. Very positive for Namibia and hopefully ECO.


Informed sources told Upstream that the Valaris DS 10 drillship is ready to begin drilling on 15 February, adding that the location of the probe and Shell’s eagerness to quickly spud a delineation well, both indicate how big this deepwater discovery may be.


UPDATED: Shell finds oil with closely watched Namibian wildcat
Read more
On completing Graff-1 last month in Block 2913A, the drillship returned to Walvis Bay for re-supplies, but is now on location at the Graff-2 well site, according to tracking data from VesselsValue.

The rig looks set to spud Graaf-2 in Block 2914B, about eight kilometres northeast of the original discovery well.

One exploration source suggested the distance between the locations of the two wells suggests how big the areal extent of the Graff structure is and supports suggestions it could hold about 400 million barrels of oil, possibly more, some 100 million barrels larger than it was previously suggested to Upstream.


Results of Shell's play opening Namibia wildcat set to be unveiled
Read more
While neither Shell nor Namcor – its state-owned partner in the well – have unveiled resources estimates for the discovery, a briefing note for clients issued by Wood Mackenzie earlier this month said: “We understand the well met its pre-drill estimate of between 500 million and 1 billion barrels. We assume 700 million barrels is recoverable.”

Article continues below the advert

[ratiopetrolguy] 14/2/2022 08:51

12 drills in canje block

hxxps://www.stabroeknews.com/2022/02/14/news/guyana/exxon-closer-to-drilling-12-wells-in-canje-block/

[ratiopetrolguy] 11/2/2022 15:03

When Gazania drill will start eco will be 42 I think, be patient

[ifthecapfits] 10/2/2022 13:58

Steady, buying today. Should get exciting soon.

[gooner1886] 08/2/2022 10:14

We need to get this Placing out the way for drilling , 50% for the orange basin will be required.However ECO never really give a discount to the share price on a placing historically. Which bodes well

[here and there] 08/2/2022 10:09

Yep, incredible. We now have Seacrest and the Lundin Group as the two major share holders along with management

[ltinvestor] 08/2/2022 08:54

Extraordinary timing with the Graff discovery looking around 700m barrels…..

[here and there] 08/2/2022 08:49

This company is turning into the most exciting O&G explorer out there

[ratiopetrolguy] 08/2/2022 08:03

Great deal with azinam !
The stock gonna be 100 price !
Thanks gil thanks ya for all the directors work!

[g2theary] 08/2/2022 07:54

What cash on hand do we have here? Is there likely a fund raise due?

[ratiopetrolguy] 08/2/2022 07:51

ECO (ATLANTIC) OIL & GAS LTD.

("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the "Group")



Definitive Share Purchase Agreement with Azinam signed

Planning underway for drilling on Block 2B, South Africa, in H2 2022

Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, confirms that it has signed a definitive Share Purchase Agreement ("SPA") to acquire 100% of Azinam Group Limited ("Azinam") (the "Acquisition") in return for a 16.5% equity stake in the Company.

[chessman2] 07/2/2022 19:49

We are looking very good indeed!!

An exciting future awaits us.

[dgellissnr] 07/2/2022 18:57

Trading resumption. Up 20%

[dgellissnr] 07/2/2022 18:48

Tsxv. Trading halted. Up 17%

[phoebus_av] 07/2/2022 10:29

Pointless comparison Jimarilo. Almost all ECO's market cap is for its Guyana assets. In any case, Graff-1 news is far more relevant to ECO as they actually have acreage in the Orange Basin unlike GBP and TRP, and this asset it due to be drilled later this year. ECO's four Namibian licences are also all closer to Graff-1 than TRP's single licence, which is about 1,200km and two geological basins away.

TRP's main concern at the moment is whether or not Beluga will walk away from the Cameroon farm out. Completion was scheduled for the end of September, but still nothing. The previous partner, OilLR, also disappeared without a trace. I wish you well with TRP if you're invested.

[jimarilo] 06/2/2022 20:34

Really......Eco £56m m/cap

TRP £8m m/cap ......third largest NET acreage holder in Namibia adjacent to Exxon, with 2 billion barrel potential. Acreage that has already brought oil to the surface in the mid 90's

South African acreage with 1 billion barrel potential, surrounded by Majors

Cameroon acreage with 2p reserves and plenty of running room to increase reserves

Seems to me you get much more bang for your buck in TRP .....pound for pound currently

[ratiopetrolguy] 06/2/2022 09:00

Eco it's the best oil & gas stock right now in the world!! Best drill zones , be patient

[hiddendepths] 05/2/2022 09:11

OilPrice.com says this about it. Oil major Shell (NYSE:RDS) made a light oil discovery with its Graff-1 deepwater exploration well off the Namibian coast, the first-ever in the country’s waters, with preliminary estimates putting the discovered reserves at a respectable 300 million barrels.

[here and there] 04/2/2022 10:31

hxxps://www.namcor.com.na/wp-content/uploads/2022/02/NAMCOR-Press-Release-The-Graff-1-Deep-sea-discovery-_Final_3_Feb_2022.pdf


Awesome news

[ratiopetrolguy] 03/2/2022 14:06

Eco Atlantic & westmount energy & jhi
Gonna to merge to one company remember where you see that first

[gooner1886] 02/2/2022 14:07

Yes how many was burnt by Gilz lies before? Thankfully i sold on the 100% day, but many held waiting for the light oil when it was infact heavy.Im waiting to get in here, but if they dont raise funds this year im a chinaman

[ltinvestor] 02/2/2022 13:49

Not according to Eco,Gooner
“ - Eco remains funded for further anticipated drilling on the Orinduik Block and continues, with its JV Partners, to assess all opportunities available to drill at least one exploration well into the light oil cretaceous stacked targets after the target selection process is finalised.”