Eco (atlantic) Oil & Gas Share Discussion Threads

[m5] 10/6/2022 14:34

Need to finish above the 50 dma and then we could have a nice move.

[pro_s2009] 10/6/2022 10:52

Well, if the seller is cleared out then yes, end June/July 45p.

September 60p.

Gazania-1 success......100p year end.

[fsawatcher] 10/6/2022 09:58

It gonna break out

deal news comin

45p in June me finsk

[fsawatcher] 08/6/2022 18:48

looking good innit

[pro_s2009] 08/6/2022 01:28

Goldman Again Hikes Oil Price Target, Now Sees Barrel Hitting $140, Up From $125

by Tyler Durden Tuesday, Jun 07, 2022 - 06:44 PM

Earlier today we reported that the biggest oil bears among the big banks, Citi and Barclays, just capitulated on their downbeat forecasts - having seen crude steamroll any and every downside catalyst thrown at it and hitting 3 month highs - and were forced to hike their price targets. Of course, their views don't matter since anyone who had traded based on their reco to short oil is now looking for a new career; but with them out of the way, the big boys are now coming out with a new round of aggressive price hikes. To wit, late on Monday, Goldman published a report in which it again revised its price outlook (higher), saying that structural shortages remain unresolved to this day (despite a brief period in which the oil market enjoyed its first surplus since June 2020), and the bank is raising its peak summer oil price target from $125 to $140, while also hiking it oil prices targets for the rest of 2022 and 2022 by $10 higher than before.....................

[pro_s2009] 07/6/2022 13:55

Eco Atlantic Founder to Participate in Upstream Discussions at African Energy Week 2022

June 7th 2022

The African Energy Chamber (AEC), the voice of the African energy sector, is excited to announce that Gil Holzman, Founder and CEO of Canadian-based oil and gas exploration company Eco Atlantic will join African and international energy market stakeholders in Cape Town at African Energy Week (AEW) (AECWeek.com) – Africa’s premier event for the oil and gas sector – which will take place from 18 – 21 October, 2022 to discuss the future of African hydrocarbon resources and its role in addressing domestic energy needs and ensuring global energy security.

The participation of Gil Holzman at Africa’s leading investment platform for the oil and gas sector is vital in shaping the discussion around how Africa can accelerate exploration activities, expand portfolios of hydrocarbon reserves and increase production to address its energy needs.

Over 600 million people across the African continent are living in energy poverty and over 900 million without access to clean cooking, yet an estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves remain untapped and companies such as Eco Atlantic and their exploration and production services are vital to address energy poverty and ensuring economic stability across the continent.

With its key partners Africa Oil Corp, the National Petroleum Corporation of Namibia, TotalEnergies, JH Associates and Tullow Oil, Eco Atlantic, under the leadership of Gil Holzman, is exploring oil and gas in emerging markets such as Namibia and South Africa.

With over 20 years of experience in the mining and energy sectors, Gil Holzman will drive discussions around the business, policy and investment requisites for Africa to accelerate activities across the upstream sector. He will also participate in panel discussions and high-level meetings to share the work being done by Eco Atlantic offshore South Africa and Namibia as well as the firm’s growth plans in an effort to enhance Africa’s energy productivity.

With a Business Management and Finance background, Gil Holzman’s participation at AEW 2022 is critical in shaping dialogue around how Africa can attract and manage investment and develop innovative and investor-friendly business models to boost its oil and gas sector.

“The significance of independents like Eco Atlantic in expanding the African oil and gas sector continues to be unearthed. The Chamber strongly supports Eco Atlantic’s vision of exploring emerging markets. This is what will get Africa out of energy poverty by 2030,” state NJ Ayuk, the Executive Chairman of the African Energy Chamber.

Under the theme, “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” AEW 2022 will host Gil Holzman in various forums to discuss Africa’s current oil and gas market challenges, solutions and the continent’s energy future.

[pro_s2009] 07/6/2022 01:42

Citi And Barclays Raise Oil Price Forecasts

By Julianne Geiger - Jun 06, 2022, 11:00 AM CDT

Sanctions on Russia and Iran nuclear deal delays are primary reason for more bullish forecast.

Citi’s second-quarter 2022 Brent forecast is now seen at $113 per barrel.

Barclays now sees Brent prices averaging $111 this year and next.

...........................

[mr hangman] 06/6/2022 12:06

Indeed, PRO should come with a wealth warning

[pro_s2009] 01/6/2022 07:21

Tullow merging with Capricorn........this should speed up Guyana




........-- The substantial prospective resource base in Guyana and Mauritania provides material potential upside with limited capital exposure. .............

[colonel drake] 01/6/2022 06:55

This is the reality out there right now... due to covid and lack of investment... new oil supplies are hard to find. Project backlog and the globe needs the likes of ECO right now and the Majors/NOC's to deliver it.

This via ANZ:

reports that OPEC is exploring the idea of exempting Russia from its oil-production deal. This could lead to other member such as Saudi Arabia and UAE pumping more crude oil.
The oil producing alliance is due to meet on Thursday to discuss its production agreement that has stabilised oil markets over the past couple of years.
But the fact remains that most OPEC producers are struggling to raise output. Despite record high prices, many producers have been unable to invest in new fields or even maintain maintenance. Case in point is Libya, which is facing further disruption to output as its Sarir-Hariga pipeline suffers leaks, leading to losses of more than 300kb/d.

[colonel drake] 31/5/2022 16:41

30.5p close

Another good day for ECO with wider market looking a bit fragile.

[colonel drake] 31/5/2022 15:34

MM's are printing the larger volume trades when they like and mostly delayed by a few hours. Normally a clear sign that they don't want excitable pi's and traders seeing those large chunks bought up as will only induce more buying. I think they were matching some trades earlier but like you say... they seem to have sorted that now.

Any decent drill results from Super Majors in and around ECO assets will likely see this explode higher especially with Bullish O&G backdrop right now.

[pro_s2009] 31/5/2022 14:02

Auction and Uncrossing trade just now at 30p might have seen the last of the seller cleared out.

Runway ready for take off ?

[pro_s2009] 31/5/2022 13:55

Yes its spudded already.

[colonel drake] 31/5/2022 09:58

I think Repsol's Beebei-Potaro1 is the next key catalyst here and why we might see 40p+ should that hit something big.

hxxps://www.stabroeknews.com/2022/02/20/news/guyana/new-well-set-to-be-drilled-in-kanuku-block-in-may/

From what I understand it spudded last week.

[pro_s2009] 31/5/2022 08:53

Should be Guyana news to look forward to end of July......with the new drilling targets for H1 2023 and then September is Gazania-1 spud Colonel Drake - so the moves upwards should not be far away.

Best offshore license areas in the world.....Namibia and Guyana and ECO has them.

[colonel drake] 31/5/2022 08:39

Looking very good here. It was trading with a similar wind behind it a few months back at 39p+ and rug pulled on that one simply to get a discounted fund raise away.

The guys in at 30p placing normally want a 100% discount to the upside (near term) scenario. So I fully expect this to bulldoze its way back into the mid 30's and then retest that 40p level... then shake out a few flaky placees before then pushing through 50p on drilling activity or more M&A / JV type deals. So many super majors out there now looking for new exploration opportunities due to global shift away from Russia and lucrative EU market keen to sign long term oil supply commitments.

The backdrop to exploration drilling couldn't be better. High oil price and need to boost reserves/production across all majors after zero forward looking development over Covid period.

[pro_s2009] 31/5/2022 08:21

Off up again........