Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 30/6/2022 06:49

Berenberg Bank reiterated their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO – Get Rating) in a research note released on Tuesday morning, Digital Look reports. The firm currently has a GBX 125 ($1.53) price target on the stock.

[pro_s2009] 30/6/2022 04:33

In other words.......big boys want to be able to get in on the oil price boom and the dividends and free cash flow of oil companies, so now, oil and gas investment is ok again.

Get ready for the funds to start piling back into oil and gas producing and exploration stocks........




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[jimarilo] 30/6/2022 00:01

Discount city .....Just under £7m M/cap and TRP will be an oil producer long before Eco

Cameroon, Namibia and South Africa .........all adjacent to the majors

[pro_s2009] 29/6/2022 16:30

The upcoming and highly anticipated Gazania-1 well has the potential to create significant value for both investors and South Africa

28 June 2022 Analene Enslin Erik Meyer

The Gazania-1 new-field wildcat is targeting the up-dip extension of the proven 1988 Soeker oil-bearing A-J 1 discovery, located within the Orange Sub-basin. The discovery well encountered lacustrine sandstones with fair reservoir quality, exhibiting porosities between 10-15%. Although deemed sub-commercial, A-J 1 proved the presence of a working oil-prone hydrocarbon system within the A-J graben, significantly de-risking the Gazania prospect and the overlying Namaqualand prospect.

Upside potential to the Gazania prospect is found in an overlying, separate package of fluvial-deltaic sandstones of the Namaqualand prospect. Both prospects rely on an updip trapping geometry where the sandstones pinch-.......................

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[pro_s2009] 28/6/2022 09:15

WHI oil outlook from the PANR note today. Says what I have said.....the Alkaid-2 well results will be into a strong oil price and outlook, right in Hurricane season and storming upwards oil prices. Also applies to I3E/EOG Serenity well results and ECO and Gazania-1 well results :


WHI Near-Term Oil Price Outlook: We believe that 2Q 2022 has seen the kitchen sink of bearish news thrown into the oil market: lockdowns in China, central bank tightening, strategic petroleum releases from the US Government's reserves and from strategic OECD governmental partners, combined with only very limited energy sanctions imposed on Russia over the period “ the oil market has remained tight nevertheless and oil prices have been either in a lull or range-bound.

We expect that to change in 3Q 2022 and 4Q 2022. Why? In addition to the possibility of supply constraints from sanctions on Russia, and more speculatively from Hurricane risks in the US Gulf of Mexico, our thinking is aligned with that of OPEC: The July 14th 2022 Monthly Oil Market Report published by OPEC forecasts quarter-over-quarter oil demand will shrink by 840 kb/d in 2Q 2022, followed by demand growth of 2,300 kb/d in 3Q 2022 and then by further demand growth amounting to 1,900 kb/d of oil in 4Q 2022 – very bullish.

We therefore anticipate Alkaid#2's results will be announced into a more bullish oil market compared to prevailing market conditions.

[pro_s2009] 28/6/2022 01:02

With link - Malcys comment :



.....This is very important deal for Eco Atlantic, it shows just how important South Africa is for the company and that Africa Oil and a small coterie of South African investors and done at a premium to the market price. But much more important in my mind is that to me Blocks 3/b and 4/b are like gold dust and here’s what CEO Gil Holzman said about the deal

My belief that this is the right call follows on from the recent success by Shell at Graff-1 and by Total at Venus 1-x in the spring. At the time the Shell discovery was estimated as a 2bn barrel find whilst WoodMack suggested Venus had 3bn b’s and could produce at some 250/- b/d.

Since then Shell have apparently drilled to appraisal wells and whilst they are both tight, word on the street is very positive at least from the first drill. If the 3/B and 4/B region is up to best standards then industry watchers are suggesting as much as 7bn barrels there with all that entails, and Eco have yet to drill the Gazania-1 well very shortly.

Every single major is knocking on this particular door, with Shell and Total already there and Exxon and Chevron rumoured to be in the area with the cheque book open. This makes the finding, and closure of this deal to be a spectacular success for Eco, the very thought of what a farm-out might look like makes me feel giddy.

Whilst there is never anything remotely certain in this business I think that as the time comes for 3/B and 4/B to be drilled Eco shares may have increased by c.5X +...........

[mr hangman] 27/6/2022 20:25

Well Manicat, Namibia is where ECO's biggest opportunity is, it's a bit like going to a restaurant some shareholders have a bowl of soup for starters, we are having a lobster and a few oysters, before the main course turns up

[pro_s2009] 27/6/2022 18:08

Up to 30p equivalent in Canada. Patience needed.

[bocase] 27/6/2022 16:25

Malcy's take on todays news. I particularly like the last sentence and whilst Malcy is known to be uber bullish is makes for good reading.

"My belief that this is the right call follows on from the recent success by Shell at Graff-1 and by Total at Venus 1-x in the spring. At the time the Shell discovery was estimated as a 2bn barrel find whilst WoodMack suggested Venus had 3bn b’s and could produce at some 250/- b/d.

Since then Shell have apparently drilled to appraisal wells and whilst they are both tight, word on the street is very positive at least from the first drill. If the 3/B and 4/B region is up to best standards then industry watchers are suggesting as much as 7bn barrels there with all that entails, and Eco have yet to drill the Gazania-1 well very shortly.

Every single major is knocking on this particular door, with Shell and Total already there and Exxon and Chevron rumoured to be in the area with the cheque book open. This makes the finding, and closure of this deal to be a spectacular success for Eco, the very thought of what a farm-out might look like makes me feel giddy.

Whilst there is never anything remotely certain in this business I think that as the time comes for 3/B and 4/B to be drilled Eco shares may have increased by c.5X +."

[mr hangman] 27/6/2022 15:34

Malcy My belief that this is the right call follows on from the recent success by Shell at Graff-1 and by Total at Venus 1-x in the spring. At the time the Shell discovery was estimated as a 2bn barrel find whilst WoodMack suggested Venus had 3bn b's and could produce at some 250/- b/d. Since then Shell have apparently drilled to appraisal wells and whilst they are both tight, word on the street is very positive at least from the first drill. If the 3/B and 4/B region is up to best standards then industry watchers are suggesting as much as 7bn barrels there with all that entails, and Eco have yet to drill the Gazania-1 well very shortly. Every single major is knocking on this particular door, with Shell and Total already there and Exxon and Chevron rumoured to be in the area with the cheque book open. This makes the finding, and closure of this deal to be a spectacular success for Eco, the very thought of what a farm-out might look like makes me feel giddy. Whilst there is never anything remotely certain in this business I think that as the time comes for 3/B and 4/B to be drilled Eco shares may have increased by c.5X +.

[pro_s2009] 27/6/2022 12:06

Been shorted........just a case of being patient. They will close as Gazania-1 spud date draws near.......at the moment the market is weak of buyers, but as July turns into August and then September gradually the buyers return and the summer shorters depart........

[jungmana] 27/6/2022 11:56

Why are we still under the 30p placing price?

[pro_s2009] 27/6/2022 09:44

ECO is pure exploration at the moment. So will always be this way. What they need is Gazania-1 to come in good, then the fund raising will be simple, and much less dilutive for the Guyana drills......the biggies.

[chinahere] 27/6/2022 09:38

You dilute regardless of price if you issue more shares. If you think that it is okay because it is at a 10% premium then you are kind of saying that the company isn't worth much more.

I realise though that raising money is a necessary evil.

[pro_s2009] 27/6/2022 09:25

The warrants are at 33p.......a 10% premium to the placing shares at 30p.

You dilute if you raise money below the current share price, or offer warrants below the current share price.

Here the placing is above and the warrants above that.

[chinahere] 27/6/2022 09:23

The issue price of placings with warrants is deceiving I reckon. It may be at a premium but those warrants have value yet to realised.

[mr hangman] 27/6/2022 08:42

I honestly think ECO is the most exciting junior oil company in the world, with stock being placed at a 20% premium (warrants even more) serious investors think the same wayYep Jim you could be right about TRP, I just hope the whole of TRP is taken out, and not just Namibia is sold, so our Jeremy has the money for other projects...

[jimarilo] 27/6/2022 08:27

More dilution .......

Who are they going to take out next .......TRP, GBP ??

Someone will, of that there is no doubt

[mr hangman] 27/6/2022 08:18

Totally agree

[pro_s2009] 27/6/2022 07:30

So basically, placing at 30p a share, and this entitles them to a warrant at 33p a share if they want it.

Which will nicely set things up for Gazania-1 success and warrants exercised then, which will help fund the massive Guyana and South Africa drills of 2023.

All looking good.

[pro_s2009] 27/6/2022 07:26

Wonder if anyone has been shorting thinking they could get cheap placing stock ? This will kick them in the nuts somewhat........ :)