Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 05/11/2022 03:18

I think many people do not understand the significance of the 3B/4B farm out.

When it happens (and its when and not if) and when people see its a Supermajor farming in and that Supermajors farm in terms will be to fully pay for 2 deep exploration wells (which will target the biggest targets on trend with Venus and Graf...but bigger than Venus or Graf)......... thats worth 40p a share to ECO imo.

So currently, at 40p.....on a duster it will fall yes.....and fall hard......but it will bounce upwards hard when the 3B/4B news comes........and that excluding the Guayana potential of Orinduick.

That is why I am still holding all my ECO shares, as for me, even a duster its just a case of holding and waiting and the share price will be over 40p again before too many moons pass.

I have a large lump of money waiting as well, to either buy good news or buy bad news next week.

WE might see a 50%+ fall, then followed with a 100% gain with bad Gazania news followed by 3B/4B farm out news.

Or.....if Gazania is good we should see 400% to 500% gain.......depending on how good the news is......and if the news is excellent and we see a sidetrack into Pelargonium going ahead.....that gain may be much higher still.

So all in all, good risk reward imo and ECO is a buy on bad news and a buy on good news........

Each to their own....I am very happy with my stake, its all fully paid for and its going to be a fun week next week......good or bad.

[pro_s2009] 05/11/2022 00:28

Indeed that is possible if Shell win the bid to farm into 3B/4B.

We should know in December who it is, maybe even late this month

[thenorseman2] 04/11/2022 19:22

Thanks for ghat JamesiebabieFrom cold stacked to a 12 months contract (with an option for another 6) with Shell. Could very well be drilling SA Block 2B/4B sometime next year if we get Shell to farm in. You never know:)

[jamesiebabie] 04/11/2022 18:52

Deepsea Bollsta is on its way to Namibia...Graff.

[jamesiebabie] 04/11/2022 17:55

See you all on Monday.

[davwal] 04/11/2022 17:17

Gonna be a long weekend...

[2 solaris] 04/11/2022 17:07

But went lower instead, oh well.

[dicko80] 04/11/2022 16:06

shes wanting to go higher...

[mr hangman] 04/11/2022 16:01

going to be a interesting last 30 mins

[dicko80] 04/11/2022 14:48

"With Brent Oil prices forecasted to remain above 90 USD/bbl for the next decade, a discovery of 300 MMbbls is expected to have an NPV above USD 3 billion"

[pro_s2009] 04/11/2022 14:36

Well bid in Canada.......nearly 400K bidding at 0.63 CAD (41p).........buyers looking for sellers........

[pro_s2009] 04/11/2022 14:21

I3E moving up nicely today as well as ECO.......nice and blue......

[pro_s2009] 04/11/2022 14:09

People can only get a sniff.......the real data, the logging results, analysis and implications are all closely held by insiders..........so while people might see oil in the cuttings etc.... they will not know the implications for any discovery size or any discovery commerciality etc........ that information only gets released with the final well test results.........

As we stand now.....only a few insiders will know if this really is good news coming, or if its AIM dusty duster strikes again........

[pro_s2009] 04/11/2022 14:07

You mean, if its good news then I will ask "How is aunty Edna" and if its bad news I will ask "How is Uncle Tom"...........

[upwego] 04/11/2022 14:05

example if I text you and ask what the weathers like it means good stuff ha ha

[upwego] 04/11/2022 14:03

must be some one giving code with info sure looks like good news :)

[pro_s2009] 04/11/2022 14:01

Big uncrossing trade......was heavy bidding for stock in that auction...most so far of any recent day.

[mr hangman] 04/11/2022 13:59

Sit tight guys

[pro_s2009] 04/11/2022 13:56

My little "volume star gaze" pic is based on this modified drill schedule and estimating spud was 9th October. Its rough and ready....but ties in

[smraynot] 04/11/2022 13:52

Starting to fly🚀🚀;🚀🚀🚀

[dicko80] 04/11/2022 13:44

good start in Canada

[pro_s2009] 04/11/2022 13:13

The below is just a bit of fun........crystal ball gazing based on volumes and then see how it compares with the actual news, which should be next week.

[smraynot] 04/11/2022 13:06

Think we will see a surge of interest into close today. Would not want to be out for the weekend.🚀
28640;🚀€640;🚀

[pro_s2009] 04/11/2022 12:30

O/T

Started a new Moderated DELT thread, as they have a couple of big wells coming up, working with Shell. Worth a watch.



.

[pro_s2009] 04/11/2022 12:27

Indeed Davwal, they also need maximum data to decided to side track or not.

Its itneresting that originally Namaqualand was the primary target and Gazania secondary.......and now here we are today with Gazania as the main target.

Does look good that we have 2 potential good targets, only need 1 of them to come in........