Eco (atlantic) Oil & Gas Share Discussion Threads

[upwego] 09/11/2022 11:10

Exciting cant wait for the RNS hope it`s good, really good :)

But I`m prepared for a bad one too let hope it`s not the latter

[stockport loser] 09/11/2022 10:49

Pro is on a ramp fest, its looking good but they have announced nothing yet.

[2 solaris] 09/11/2022 10:35

There has to be an RNS very soon.

[pro_s2009] 09/11/2022 10:31

Eco Atlantic share rise as investors await Gazania-1 well news

Excitement is evidently rising for the explorer's well offshore South Africa.

Shares in Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) shot up 10% in Wednesday morning dealing as the market hotly anticipates news from drilling offshore South Africa.

The AIM-quoted explorer has a 50% working interest in in Block 2B, which contains the Gazania prospect, and is the operator for the drilling of the well.

Drilling kicked off just over a month ago and Eco shares are up 22% since then (and are up about 130% in 2022 to date).

Finfluencers and social media investors speculated online whether a drill report may soon arrive as Eco’s shares pushed higher in Wednesday’s early deals.

On AIM, Eco shares were up 3.25p or 8.2% by around 9:45am.

Meanwhile, in Canada, Eco’s Toronto quote saw the price rise some 18% to 73 cents per share last night.

Gazania-1, approximately 25km offshore the Northern Cape in Orange Basin South Africa and in approximately 150 metres of water, is targeting a prospect of 300mln barrels of light oil.

If there is a discovery in the vertical section there is an option to drill a sidetrack from the main well bore.

[pro_s2009] 09/11/2022 10:10

Or a buy order has been placed in the background for a large amount of stock and MM's trying to fill it now.

[2 solaris] 09/11/2022 10:04

Panic buyers in case there is a huge discovery!

[fsawatcher] 09/11/2022 10:03

ave they side tracked yet?

[pro_s2009] 09/11/2022 09:55

Quite a few buys flying in now............

[pro_s2009] 09/11/2022 09:19

UT was 5K at 43.5

No chunky sellers around......just PI's panic selling in case of bad news.

[bocase] 09/11/2022 09:15

RNS out. Auction period extended twice - up or down is the question?

[mr hangman] 09/11/2022 08:57

Yep, made good money on the 2 FOGL drills, managed to sell the first at £2
then there was Loligo managed to sell most out before the duster, those were the days

[extrader] 09/11/2022 08:49

Credit where credit is due...

[theblackbaron] 09/11/2022 08:48

Reminds me of fogl 7 inc liner .......

[pro_s2009] 09/11/2022 08:47

And for those who dont know, the ships draught increases as its loaded up......so if the supply ship sails out of port to the rig and the draught is more than 7m.....its loaded with stuff.

[pro_s2009] 09/11/2022 08:44

But always remember.........the well might be a dry duster and the share price will go down..........never ever forget that !!

I am still fully in ECO.......I have faith in that even failure here, we will see 50p plus after the 3B/4B farm out news and Guyana drilling draws near.......so much upside, potentially 4 company making wells ahead (3B/4B and Guyana) and thats excluding Namibia which is now hotting up again.

[pro_s2009] 09/11/2022 08:42

daar.......should be looking at 200p+ levels if Nam/Gaz strike good......if the Pelargonium were to come in as well with a sidetrack then look at 300p+

[pro_s2009] 09/11/2022 08:40

Eyes are on the supply ship which is now back at port.



Draught is 7m

See if she loads up and goes back to the rig......that would perhaps indicate ongoing work.........eg..........sidetrack.

[daar] 09/11/2022 08:37

Can we go to 100p and above on good results?

[extrader] 09/11/2022 08:34

Some interesting detective work re vessel movement being shared e lse where...

NAI, DYOR etc etc

[2 solaris] 09/11/2022 08:33

Near the top of the leader board.

[ltinvestor] 09/11/2022 08:25

Align Research.
We actively look to take payment almost exclusively in the company’s equity or apply payment to purchasing the equity of the covered company. This of course ALIGNS us with both the company (existing shareholders and management) and new investors that act upon our research notes. If we are wrong in our analysis we suffer the same fate as the covered company's shareholders.

[bocase] 09/11/2022 08:13

Worth another listen.

Dr. Michael Green of Align Research interviews Gil Holzman on 12th October

[upwego] 09/11/2022 08:13

Getting Exciting :)