Eco (atlantic) Oil & Gas Share Discussion Threads

[ltinvestor] 07/11/2022 17:27

Tweet from Namcor yesterday…
NAMCOR is the operator of 5 (Five) Petroleum Exploration Licenses offshore Namibia, located in the Orange Basin, Lüderitz Basin and Walvis Basin.

[jamesiebabie] 07/11/2022 16:48

We'll be able to follow it and find the block.

[davwal] 07/11/2022 16:37

One to watch - the Ramform Titan survey vessel is at anchor in Walvis Bay prior to commencing survey work for an unnamed oil major. Maybe it's doing Exxon's patch near ours.

[jamesiebabie] 07/11/2022 16:21

Pro - there's another rig on its way to SA; I suspect the job opening is for the Deepsea Bollsta; about to do a big shift for Shell.

[bocase] 07/11/2022 15:55

Thank you LT. That would be appreciated.

[ltinvestor] 07/11/2022 15:40

Yes, I have every intention of attending and will post my thoughts.

[bocase] 07/11/2022 15:22

Not me I am afraid. Based in rural Suffolk it is a bit of a trek to London especially for a breakfast meeting.

You are?

[ltinvestor] 07/11/2022 15:08

Are you attending the meeting?

[bocase] 07/11/2022 14:50

LT. I hope they are right. Even at 35% and three more catalysts the odds make sense. Potentially a rise to in excess of 100p with success and maybe back to 25-30p until the next catalyst if it's a duster. Look back at the chart a few years and you will see the rise from 70p to 170p before it fell back on the 'wrong type of oil'

Good luck all.

[ltinvestor] 07/11/2022 14:37

Bocase.I remember reading that the partners consider the COS to be much higher than that shown in the CPR which I believe was around 35%….

[pro_s2009] 07/11/2022 14:37

Opens in Canada at 41p (0.64 CAD)

[bocase] 07/11/2022 14:29

I'll happily take a 41p close and 100p by Xmas. I have 256K shares at an average of 29p so really have my neck on the block but with four potential catalysts I see risk skewed to the upside.

[2 solaris] 07/11/2022 14:17

And back up into the 40s!

[pro_s2009] 07/11/2022 14:09

No.....dont think so.......

All thats happened today seems to be a few people shorting in the morning hoping to cause a collapse, it failed, so they are closing their shorts again........

Quite boring really, but we are now in the Twilight Zone........just waiting news.

[dicko80] 07/11/2022 14:02

50p by close

[2 solaris] 07/11/2022 13:24

This could end up blue if people realise no RNS this morning was good news. The flight could be to catch a heli flight to the rig. It may be for some other reason but it could be to discuss how to best drill the sidetrack. This is not a ramp but a duster would surely have been announced by now as they would not want to pay any more for the rig than was strictly necessary.

[smraynot] 07/11/2022 13:14

Leaky leaky news on its way!🚀㉀0;🚀🚀🚀

[bocase] 07/11/2022 12:50

The offer has just been raised to 40p giving a 2p spread which is too wide. Hopefully the bid will follow
.... and one minute later the bid raised to 39.5p to reduce the spread to 1/2p

That's better!

[2 solaris] 07/11/2022 12:21

Interesting activity spotted by Soder on the other board.

[pro_s2009] 07/11/2022 11:15

MM's will wobble the price......sharply down on selling, sharply up on buying.......everyone is waiting for the big news........

[2 solaris] 07/11/2022 10:53

Not many trades, this seems to move on almost nothing.