Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 19/4/2022 09:15

So we are looking at November for Gazannia-1 drill results....

........The Block 2B joint venture plans to spud the well by October with drilling expected to last 30 days, including a full set of logs in the success case......

[ltinvestor] 19/4/2022 09:13

Chopsy… most definitely £2 on a successful drill but between 60-80p on spud.Btw management extremely confident of a large discovery…time will tell.

[chopsy] 19/4/2022 09:00

Price predictions at time of spud of gazania-1 in October this year? Mine is £2-00.

[pro_s2009] 19/4/2022 08:15

VANCOUVER, BC, April 19, 2022 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company"), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to report that Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic") has deposited approximately US$20 million in escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B offshore South Africa after closing the acquisition of Azinam Group Limited. View PDF version

Garrett Soden, Africa Energy's President and CEO, commented, "We are excited to move forward on Block 2B and drill the Gazania-1 oil exploration well this year. The rig has been contracted and is expected to mobilize from the North Sea in August for the 45-day journey to South Africa. The Block 2B joint venture plans to spud the well by October with drilling expected to last 30 days, including a full set of logs in the success case. The block has significant contingent and prospective resources in relatively shallow water and contains the A-J1 discovery that flowed light sweet crude oil to surface. Gazania-1 will target two large prospects seven kilometers up-dip from A-J1 in the same region as the recent Venus and Graff discoveries."

Block 2B is located offshore South Africa in the Orange Basin where both TotalEnergies and Shell recently announced significant oil and gas discoveries offshore Namibia. The block covers 3,062 square kilometers approximately 25 kilometers off the west coast of South Africa near the border with Namibia in water depths ranging from 50 to 200 meters. Soekor discovered and tested oil on Block 2B in 1988 with the A-J1 borehole, which intersected thick reservoir sandstones between 2,985 meters and 3,350 meters. The well flowed 191 barrels of oil per day of 36-degree API oil from a 10-meter sandstone interval at approximately 3,250 meters. Significant prospectivity has been identified over the entire A-J graben area using 686 square kilometers of 3D seismic data acquired in 2013.

Africa Energy has a 27.5% participating interest in Block 2B offshore South Africa. The block is operated by a subsidiary of Eco Atlantic, which holds a 50% participating interest. A subsidiary of Panoro Energy ASA holds a 12.5% participating interest, and Crown Energy AB indirectly holds the remaining 10%.

[smackeraim] 19/4/2022 07:59

https://finance.yahoo.com/news/africa-energy-block-2b-operations-060000863.html

[pro_s2009] 19/4/2022 00:38

Well, it did end up 5 cents in Canada. The Candian chart in the header is real time.......

Decent sized buy in the US as well on the OTC. Hopefully the start of more "interest" in ECO over the pond.

[jungmana] 18/4/2022 20:50

Oops! that was meant for the axl thread. That one is 18.6% up in Canada. Eco is doing good too.Am in Axl, eco and souc.

[the monkster] 18/4/2022 20:12

is it ?? up 3 cents from what i can see.

[jungmana] 18/4/2022 19:39

Zooming in Canada

[ifthecapfits] 18/4/2022 15:59

Yeah up 10%, nice.

[gersemi] 18/4/2022 15:22

TSX going great guns - leak?

[davwal] 18/4/2022 11:50

Seems very quiet regarding Graff-2 which was completed about a week ago. Given the interest and previous examples I'd have expected some sort of news/leak.

[pro_s2009] 18/4/2022 08:15

Current Broker ratings :

Berenberg Bank reiterated Buy rating with 125p target price.

Peel Hunt reiterated Buy rarign with 100p targer price.

[theblackbaron] 18/4/2022 06:49

Not really interested in advfn no one see it these days so pro talking to himself in an eco chamber 🤣 all on twitter and eco going to move quality stock due to billions found around area. The 1988 flowed oil discovery a no brainer.

[pro_s2009] 15/4/2022 01:51

For me, it goes to 42p to 44p level before a consolidation occurs. After the consolidation at around that level we move on to 60p in Q3, after Guyana drilling target updates and before Gazania-1 well spud.

[theblackbaron] 14/4/2022 16:41

Lol all good days

Mind you some things never change we got pro on other eco thread who brought covid from China pretending he knows something about oil companies like he did with rockhopper thread 😂 before the slime ball got wiped in gkp back in last oil slump.

[mr hangman] 14/4/2022 16:39

Lol, Granny7, the rock story,one summers night, in Malvern village hall still makes me laugh, those were the days

[theblackbaron] 14/4/2022 16:33

Not sure mr h will have the nutter who lived in the falklands who took his kids to school U.K. time zone next all these loons got wiped.

Agna was last seen pumping xel just before it went bust in oil crash with larger claiming he was putting all his loot in it for his kids deary me hope the nhs pays a decent wage still.

[mr hangman] 14/4/2022 15:23

Agna, now there is a name from the past, does he/she still post ?
I really think ECO has a Falklands feel about it.., only difference lots of commercial oil

[stockport loser] 14/4/2022 09:12

Having bitty.

[pro_s2009] 14/4/2022 09:09

Certainly looks like the overhang is clearing.........