Eco (atlantic) Oil & Gas Share Discussion Threads

[superg1] 15/9/2018 11:25

If you look at the trades page you will see there are 24 late reported trades mainly ranging from 50k up to 260k.

I can't get LSE to fire up to work out buys/sells etc.

It's more of the odd large late trade action which seems to be holding this back a bit.

I'm not one for conspiracy theories but is this a stake build by someone and what we see is the stock being out through the market.

An orderly (ish) market being sorted while the trades are wound through.

A N other may have contacted large holders and made an offer for their stake.

Thoughts anyone. I have seen late reports many times on various shares from just funds putting shares out to sell into the market. This is odd and hence my conspiracy theory.

[ziblot] 14/9/2018 17:10

Found it; 9.15 on the clock, my fault altho' it still sounds to me like 60p. It is in fact, Gil speaking "We IPO'd at 16p we are now at 34p". Sorry about duff info. Onwards and upwards.

[divmad] 14/9/2018 16:50

And still only circa 170mn shares out. Gil has been very economical with dilution to us to this transformational point in the company's development.

[ziblot] 14/9/2018 16:21

Could have sworn the 60p IPO came from Gil during a broadcast?; still looking but the facts are below. As part of the AIM listing, the Company has raised £5.09 million before expenses by placing 31,781,250 new Common Shares (the “UK Placing”) with investors at a placing price of at £0.16 per share (the“Placing Price”) (the “Placing”;), giving it an estimated market capitalisation of approximately £18.92m on Admission, based on the Placing Price. On Admission, the Company will have 118,249,833 Common Shares.

[superg1] 14/9/2018 15:47

acuere

A case for some on waiting to see re late reports and any Tr1s that may come in.

It does seem like the chunks are simply going from a holder to a new buyer. Guesswork and a mystery at this time.

[acuere] 14/9/2018 13:32

38p!! Nailed on to what exactly?

I think you’ll find there’s a lot of people hoping to Buy at higher than that.

As rayrac says accumulate whilst you get the chance but don’t miss out for the sake of a few pennies.

Good Luck tho.

[rayrac] 14/9/2018 12:51

Good time to accumulate..the market couldn’t read an Enid Blyton book!

[squire007] 14/9/2018 12:48

From 53p to 49p ......... time to have a few more me thinks ...:-)

[moonwizz] 14/9/2018 12:40

Big buy at 53.5?

[banksy] 14/9/2018 12:28

38p nailed on to fill any gapsWill buy more then. GLA

[superg1] 14/9/2018 11:11

They should have read can't sit down here, not can, since corrected.

[superg1] 14/9/2018 10:32

Roger

Yes most odd. It makes you wonder where all the oil mad lot are. I have some theories re Tullow investors and what they will do.

A theory my end (thought spilling) of some standing off waiting for the Tullow result, which in theory makes it a buy/buy scenario, buy if they miss if there is any pullback here as it's all about Guyana and buy if they hit as ECO are all over the relevant area in Namibia, they have the main interest by Tullow and Exxon more or less surrounded with 4 leases.

So Tullow guys would sit waiting for the Tullow result either way then may buy Eco.

It's a tough call prior, overall and easy looking one but hey ho it's only a few weeks until the Tullow result is known.

Total obviously think there is oil there. It can't sit down here waiting for confirmation post the first drill.

[rayrac] 14/9/2018 10:01

Thanks for the http Bob!

[rogerbridge] 14/9/2018 09:14

Interesting SG, we all know that ECO is grossly undervalued so good luck to those PI’s who want to buy a stake now. It reminds me of VRS when L.O. Offloaded shares at around 14p, a few months later the price is over 170p. I am not saying the same will happen here but with all that cash on the balance sheet and an almost certain discovery, it looks positive.

This is a very quiet thread, no pumping and dumping, on hols at the moment but will top up when back in UK, so I hope that any rise can be delayed for a few more days.

[superg1] 14/9/2018 08:40

Just totted it up and treated as double prints.

There was an odd one of 575k on 28/8 but not a lot in that week. Then end of August the run started.

In the late reports it comes to over 8 mill shares 4 mill of those yesterday. The buys run is about 1.5 mill more than sells.

So it seems as someone suggested to me most of the late reports must be in and back out the door to someone else.

[superg1] 14/9/2018 08:29

I'll check the late trades for the last week or two when it started, then halve it for what look like double prints in and out etc.

[divmad] 14/9/2018 07:45

Could be PIRI selling down?

[penfold6] 14/9/2018 07:33

superg1,
i would expect aoc to be on the other side of the trade. Ive seen multiple brokers on the tsx the last week, not a single one. but it's been outweighed by equally large buying which is forcing the share price up.

researchanalyst1
the cos of all namibia plays are lower, not because the prospectivity is low, but because no one has yet hit pay. when they do, the cos of all other companies will shoot up.

ecos cpr writer also treated orinduik as if no oil had been found in the area, only because they couldnt see xons data. how stupid to be so conservative!!

[superg1] 14/9/2018 07:23

There has surely got to be a Tr1 coming from someone.

[superg1] 14/9/2018 06:37

Some good posts guys.

Just to repeat as suspect I the last week or so there seems to be a large seller holding it back. A common theme on late reports.

EG look at yesterday and in rolled about 8 million of late reports in big trades. The largest single one being 800,000.

The share price under the buying circs should have moved a lot stronger than it has, there is obviously a supply.

Now I take them (looking at the pattern) as being double prints so the actual number will be about half that at 4 mill.

Add in a similar number over some days about a week ago and it's heading towards 10 mill of selling by apparently one source.

The only one that seem to have that sort of holding is Africa oil.

I'll have a look and see if I can work out why they want to sell other than for the obvious big profits made.

It may of course be completely wrong but to me it looks to like a decent sized supply has been in play for a week or two.

[bobsworth] 13/9/2018 21:42

Click on links! Just replace the xx with TT ! Hope that helps

[b1lbo] 13/9/2018 20:08

Ziblot - IPO was 16p: hxxps://polaris.brighterir.com/public/eco_atlantic_oil_gas_plc/news/regulatory_news/story/rmm0vnr. Not sure where you got 60p from?

[ziblot] 13/9/2018 19:29

I note the IPO was at 60p. Should be past that with Total not messing about with the farm in.