Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 13/8/2022 07:26

Gazania-1 is targeting around 350 million barrels of prospective resources via the two main targets.

Upper is the Namaqualand and below that the Gazania target.

If those targets have oil, they will then do a sidetrack into the Pelargonium target which would then take prospective resources up to around 500 million barrels.

At 60 dollars oil price, a commercial discovery is anything over 50 million barrels.

So all the targets of the Gazania-1 are commercial as a stand alone, either Namaqualand or Gazania or Pelargonium - or if they all come in, its a 500 million recoverbale barrel monster discovery.

[pro_s2009] 13/8/2022 03:38

As from the March 2022 CPR (link below)

ECO has over 8 billion barrels of Net (yes net to ECO) Prospective Resources.

Kind of blows other companies billion or two of prospective resources out of the water......... All in the worlds leading play areas that are super hot with interest (Orange Basin and Guyana) with all the Majors piling in and spending a fortune there.

ECO really has the potential for one massive ride upwards. Just need Gazania-1 drill to come in good and also the 3B/4B farm out and ECO will be nearing 300p, not 30p..........



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[pro_s2009] 13/8/2022 02:07

Eco (Atlantic) Oil & Gas – Tremendous read across for Eco from the latest offshore Guyana discoveries

July 27, 2022

.........There was big news yesterday from leading global independent energy company Hess Corporation which was able to announce two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. We believe this has a tremendous read across for Eco (Atlantic) Oil & Gas.

Stabroek Block is the block tha..............


.........There is no doubt that Eco is exploring for oil and gas in some global hotspots of todays’ hydrocarbon world – offshore Namibia and offshore South Africa, along with offshore Guyana. In January 2022 we updated our research coverage on Eco with a Conviction Buy stance and a target price of 114.65p, when the stock was trading at 23.75p. ........

[pro_s2009] 12/8/2022 22:51

You never know... The rumours are strong ref to an imminent farm out of 3B/4B and that the deal is the incoming major pays 100% for 2 exploration wells.

[davwal] 12/8/2022 19:01

I suspect smart majors, like Chevron, will mop up available entries into prime post codes before the two upcoming development drilling programmes. 3B/4B is both prime and massive. Oh dear!

[davwal] 12/8/2022 17:28

Whatever the motive, the quality of posting is far better than this thread which is mainly two blokes whinging.

[pro_s2009] 12/8/2022 16:45

Goldman's Courvalin Sees $130 Brent by Year-End

August 11th, 2022, 4:36PM

Goldman Sachs Head of Energy Research Damien Courvalin discusses the factors behind his bullish call for the price of oil and petroleum products on "Bloomberg Markets." (Source: Bloomberg)



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[maxxy1] 12/8/2022 16:43

Why do people troll you?

[pro_s2009] 12/8/2022 16:38

However, as can be seen wtih Chevron moving in......the majors are very interested in the Orange Basin now.....and it could be bigger than Guyana.

The Venus/Graff appraisal wells coming soon, if successful, should see a big round of "license grab" in the aftermath........lots of farming in and lots of new drilling.

[gooner1886] 12/8/2022 16:36

Fair enough

[martinfrench] 12/8/2022 16:25

your the guy that bans everyone from your thread is that right ?

[pro_s2009] 12/8/2022 16:18

Backroom chatter.........

3B/4B is expected that the farm in partner will fund 100% two exploraton wells. Total most likely.

[davwal] 12/8/2022 16:13

Pro, how do you know a major is negotiating on Namibia and SA?

[davwal] 12/8/2022 16:03

Significant Capricorn shareholders are in revolt over the deal, with enough vocally against (over 25% when at least 75% agreement required to approve) to scupper it, according to Bloomberg.

[pro_s2009] 12/8/2022 15:57

Tullow sale of Kenya and the merger with Capricorn will mean Tullow have cash to spend exploring, so yes......we should see 2 wells, at least, drilled Orinduik Guyana in H1 23.

[g2theary] 12/8/2022 15:51

Easy ... and the rest... Tullow and Capricorn merger should speed up the drills in Guyana also :) going to steadily increase here now... did well last time :);)

[pro_s2009] 12/8/2022 15:46

Gazania-1 comes in good - ECO goes to a billion pound market cap.

Thats just a nice 10 bagger........... from 1 well.

Even the CEO says its a 10 bagger well.... listen to the interview... link below.



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[davwal] 12/8/2022 15:42

Afterburners engaged. FOMO engaged. Finally.

[pro_s2009] 12/8/2022 15:38

30 Jun 2022

Eco Atlantic Oil & Gas says portfolio has several "company maker" wells



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