Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 17/8/2022 15:58

Yes, this is one exploration well of 2022 that has a very good chance of success. Anything over 50 million barrels in size is very commercial.

Anything over 300m barrels is stunning.

Anything over 350m barrels is 10 bagger for ECO.

[bocase] 17/8/2022 14:24

Island Innovator drilling rig now off the west coast of Ireland, due to re-supply in Las Palmas 30th August en route to a successful drill....we hope.

[mr hangman] 17/8/2022 11:21

Yep, we can only hope

[stockport loser] 17/8/2022 10:00

He sold out of Txp and it went up 100% in 2 weeks. Hes the kiss of death for O&G stocks. If he sells Eco there will be many piling in.

[mr hangman] 17/8/2022 08:51

I see another (PRD) one of Pro's hot tips is falling like a stone, another one for his collection, wish he would pack up and leave us alone on ECO

[pro_s2009] 17/8/2022 06:06

Expect a lot of countries to switch to using oil, not gas, for power generation. Gas prices of 400$ a barrel equivalent is being paid for by consumers........

Just use oil.......instant reduction in energy bills.



Andrew Neil @afneil

Natural gas prices in Europe/US surge again. Europe gas markets jumped 10% to €251/megawatt hour (equiv to $400 a barrel of oil). Prices have doubled even from June’s highs. Gas prices now >10 times normal levels. Expect fierce competition between Europe/Asia for LNG.

[bocase] 16/8/2022 16:41

Island Innovator making good speed and now due to arrive in Las Palmas a day early at 1500 on 30th August. On the latitude of Glasgow and due to pass to the west of Northern Island tonight

[pro_s2009] 16/8/2022 02:14

Chartwise from BB

ECO ATLANTIC OIL AND GAS

Signal Update

Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 30.9000, and our valid average buying price stands now at 31.7600.

Market Outlook

A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.

[pro_s2009] 16/8/2022 01:37

Two days of rising volume, very positive, looks like many were waiting for the rig to start to move before buying in.

[chopsy] 15/8/2022 17:44

Presumably black is for oil, red is for dust?

[mick_oi] 15/8/2022 14:05

The evaluation of risk factors and overall probability of success for the 2B Block are
summarized in Table 4-7.

Table 4-7 Probability of Success, Block 2B Leads

Lead Trap Seal Reservoir Source Risk POS%

Pelargonium 80% 65% 65% 95% 32.1%
Namaqualand 80% 65% 75% 95% 37.1%
Gazania 75% 65% 75% 95% 34.7%

[matrixtrader] 15/8/2022 13:44

Anyone know the COS on this drill coming up? Checked all the analyst notes and can't find it -thanks

[mr hangman] 15/8/2022 12:45

Well said Chris

[oapknob1] 15/8/2022 12:19

Placees selling the rise

[pro_s2009] 15/8/2022 11:47

We might get the 3B/4B farm out news before Gazania-1 result.......that will be good.

A major coming in and farming into the license and giving ECO a free carry of 2 exploration wells will be worth quite a lot..... :)

And then if Gazania-1 comes in.......say hello to a Billion pound market cap.

And then we still have Namibia and Guyana to add on as well....lots of interest in Namibia now......

Guyana just waiting Tullow to sort themsevles out and then its drill 2 wells next year Orinduik.

[chessman2] 15/8/2022 11:41

ECO’s assets are worth a lot more than the current value. I therefore expect the share price to continue to rise for some weeks to come!

[pro_s2009] 15/8/2022 11:38

During the Auction a block buy ofr 726K at 32p was there.....not filled of course, but there you go..... buyer in the background wants stock.

[pro_s2009] 15/8/2022 11:35

L2 up to 2 v 4 @ 32/33

[pro_s2009] 15/8/2022 10:51

Good morning so far.. Cleared a load of weak holders out and move on upwards

[pro_s2009] 15/8/2022 03:28

Worth watching this video.....the Executive Chairman of the African Energy Chamber says ECO are being super conservative, he reckons Gazania-1 is not going for 300m barrels recoverble, he says 900 million to 1.4 billion. 500 million recoverable easy in the success case ?!?!?!?!

From 4 minutes in for ECO/Gazania-1 comments.



.

[pro_s2009] 15/8/2022 03:19

Some thoughts by Harel1976 on 3B/4B farm out which will happen before too long according to teh jungle drums....


"3b/4b will be carried post farm out, 7 majors are interested.
The 10m$ deal in which eco accuired another 6.15% and got to 26.15% of the block is correlated to the farm out so that on a 40% gross farm out eco will remain with 15% while carried"

[bocase] 14/8/2022 17:47

Yes 7.3kn now. Wind direction critical

[xxnjr] 14/8/2022 16:18

Perhaps the rig was going through a tidal race. Back up to 6.9 knots now. Should be a following wind tomorrow.