Eco (atlantic) Oil & Gas Share Discussion Threads

[mr hangman] 12/9/2018 15:41

It's just broken 50p

Can we keep the tips to other threads guys

[deanmatlazin] 12/9/2018 15:09

Dont understand people expect the share price going up to £3 within days. This time next year...£3/share. One of almost assured investment that the money will be quadrapled by next year :)

[soulsauce] 12/9/2018 15:04

100k buy at full ask.

superg can I just give you a couple of others to research with excellent management and project portfolios. Uog & Upl no ramp intended.

[superg1] 12/9/2018 14:59

Rayrac

There are some interviews on here with Gil that explain it. Gil said they were in years before the big names arrived.

His tea of 7 have over 200 years of combined experience. They try to sell out potential hot spots before the big guns arrive. They have done well with Guyana and Namibia.

If there are strikes in Namibia and Exxon How recently farmed in below Tullow then well done Eco again as they have leases circling those two.

I usually take no interest in oil shares but as research analysts says it seems to have been missed and is materially undervalued, hence I thought it is crazy to ignore it.

[soulsauce] 12/9/2018 09:56

Which ones cash.

[cashandcard] 12/9/2018 09:53

researchanalyst1,


I agree with that but with small caveats. Its the best of the heavily derisked opportunities on aim in my opinion. Drilling is some time away. Also, upon Total farmin their share of the prospective will drop - but still the jewel in their crown. However, there are others on aim which are also very heavily derisked and new data and better imaging are pointing to missed pay or potentially large prospects with previous 'logged' shows being considered discoveries.


Cash

[mr hangman] 12/9/2018 09:12

CHAR:
Namibia:

o Prospect S, due to be drilled Q4 2018 by the Ocean Rig Poseidon, has 459mmbbls of gross mean prospective resource, with a further future potential upside of 2.2Bnbbls in other prospects within the Central Blocks licence.

o The well will be operated by Chariot, led by the in-house drilling team.

Looking the best short term punt in the market...

[rayrac] 12/9/2018 08:41

It’s not the plots of land that are of interest here...but what’s under them! Needs to be drilled in order to prove up. Anyone know why Exxon didn’t take up Eco’s block? Did Eco get in there first, or did Exxon reject it?

Just asking, I do hold the shares.

[nnaim] 12/9/2018 08:37

Good piece RA1, thanks.
Although not part of the core strategy - a complete disposal of Guyana must be a consideration for the board if the valuation gap can be breached? Perhaps a wait and see depending on the Namibia programme currently ongoing.
These guys are early stage explorers. A big pay day would allow for more frontier type investments whilst the market is still waking up.

[bobsworth] 12/9/2018 07:26

Back from my Hols!
Wow this is still a bargain !

[shujja1] 11/9/2018 20:51

Tweeted youre post ayshia

[divmad] 11/9/2018 20:46

Upside in Namibia for freeSupportive Canadian investor paid a premium price at the timeCPR did not include results of Exxon's drilling successes

[wanobi] 11/9/2018 20:39

ayesha, many thanks, really looks good this one, cheers W

[ayesha4] 11/9/2018 20:21

3 billion barrels oilUpside on top of that82% success of Exxon next doorMassively undervalued compared to risked spTotal almost certain to farm inPlenty of cashNo real negatives except short term profit takers

[wanobi] 11/9/2018 19:08

this looks like a cracking opportunity!!! I will be looking further into it, anyone care to give me a brief synopsis of why now is the time to buy, bullet points positive and negative would be great, cheers W

[soulsauce] 11/9/2018 16:03

And in between there is always the chance that Total might just take the full 40% 😉

[ltinvestor] 11/9/2018 15:57

Remember the adage “big fields get bigger”

[acuere] 11/9/2018 15:44

In the next 12-24mths if the partnership decides to drill the 3 leads with the highest chance of success first, and they are the closest to Hammerhead, Ecos 15% share of these equates to 290mboe.
Now IF those 3 are all strikes, it would be fair to apply a $6-9 per barrel value then. That would give a value of $1.74bn - $2.6bn.(£1.4bn - £2bn).

Or an Sp of £8.50 - £12.70!!

[ltinvestor] 11/9/2018 15:44

Just added 50k at 47.4 so my average is 36p.Happy to hold long term along with Hur and rbd.Gla

[davwal] 11/9/2018 15:18

Namibia could potentially add significant value in the coming months, particularly if Tullow do okay with PEL37 in the next few weeks.
ECO have indicated a drill being carried out during mid 2019, which appears to be in PEL30 (Cooper Block) adjacent to PEL37. However, before then there will likely be a confirmation of Tullow taking up its option of 15% from ECO's 32.5% in exchange for a free carry of drilling.
Meanwhile, the outcome of Tullow's current PEL37 drill is the next big news point to me. No duster, please...

[soulsauce] 11/9/2018 15:12

Hmmm $300m that is what I said this morning. So triple today's share price Plenty of upside.

[acuere] 11/9/2018 14:57

This is taken from a flash note out today from Hannam & Partners.

“Net to Eco (40%) P50 would resources equate to 1.2bn boe. Allowing for the Total farm-out (new 15% WI) net to Eco would be 435mboe. Taking an illustrative NPV of $3/bbl, based on peers Tullow and Kosmos, would imply close to $1.3bn of unrisked value and $300m risked value base on the CPR probability of 22.4% on the Iatuk prospect”

[deanmatlazin] 11/9/2018 14:30

Hope for 5 bagger coming September. Total will take the option and dont think there will be any dilutions. Aim for £2/share next Sept

[ziblot] 11/9/2018 14:30

Good post acuere.