Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 08/11/2022 07:11

No news on ECO, but news today on PRD (Predator)....moving ahead to spud MOU-2 early December. Another one with massive upside in the success case. Current PRD market cap below 30m and drilling for up to 700 BCF of gas, in an area with proven gas. Well worth a punt imo.

[pro_s2009] 08/11/2022 07:09

The longer the better perhaps.......a dusty reservoir interval as seen on LWD would be zoomed through very quickly, dont waste time drilling dusters, once you know its no good you get it done to TD and quick log and finished and away, rig rates are expensive.

If there are hydrocarbons then it will take longer......

[bocase] 08/11/2022 07:06

The wait goes on.

[jamesiebabie] 07/11/2022 20:14

All three vessels remain out at sea.

[firestorm911] 07/11/2022 19:12

Nonceman

Pro-nonce has been slaughtered many times. You need to stop noncing about, that -80% is coming fast and furious.

I will be doing a black Friday deal here at 1.911p

[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;🚀🚀🚀