Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 10/11/2022 11:15

And if it were 30 days and spud on 9th October....we are only on day 32....so well within the +/- 5 days ......

News Monday looks likely imo.........a weekend to chew the data and come up with the plan going forward........

[pro_s2009] 10/11/2022 11:13

+/- 5

25 best case

30 expected case

35 slowest case

Really depends on what they find.........lets say if Namaqualand was loaded, they would want to take sidewall cores and fluid samples......which would cause a delay before continuing.......

Many scenarios..........

[thenorseman2] 10/11/2022 11:02

'...drilling expected to last 30 days, INCLUDING a full set of logs in the success case.'https://africaenergycorp.com/news-releases/africa-energy-block-2b-operations-update-122626/

[2 solaris] 10/11/2022 10:30

2314. I think we will have to have had an RNS by then, probably tomorrow with a bit of luck.
Surely, we would have had a duster RNS by now it this had been a dry hole so things look very promising.

[dicko80] 10/11/2022 10:15

agreed, that was exactly my thoughts

[ltinvestor] 10/11/2022 10:07

Africa Energy are extremely close to Eco and it’s management.Therefore why highlight the drill now in the results if Gazania is a “ duster”.I am very confident now that we have a discovery.Africa Oil, another shareholder in Eco have results on Monday 14th.

[pro_s2009] 10/11/2022 09:11

Nice to see PRD and ECO and PANR all strong today.

[pro_s2009] 10/11/2022 08:54

If there were operational issue you would have seen share price dips.......

We have seen share price ups......

That suggests the limited info leaking from the rig is positive...........imo.

[dicko80] 10/11/2022 08:41

Africa Energy Reports Third Quarter 2022 Results
WED, NOV 09, 2022 23:30 CET

Garrett Soden, the Company’s President and CEO, commented:

“We are currently drilling the high-impact Gazania oil exploration well on Block 2B offshore South Africa. Gazania is seven kilometers up-dip from an existing oil discovery and has material upside for our shareholders in the success case"



DAY 37 OF OPERATIONS of a 25 day well...

[ride daice] 10/11/2022 08:37

They may have encountered drilling issues. However if that were the case I would have expected a RNS by now given where we are in the timeline.

[pro_s2009] 10/11/2022 08:15

A lot of people seem not to understand that 25 days estimate was best case on a DRY HOLE basis !!!!!

If you dont have a dry hole, you must spend more time logging and taking sidewall cores and fluid samples.........you need to gather as much reservoir data as possible on a strike......you do not on a dry hole, so dry holes are quick generally.

[bocase] 10/11/2022 08:02

I think ltinvestor is spot on. Gil wants to be professional and not a chump by announcing incomplete results too early. Reputation is everything.

We want to see sidetracking not backtracking!

[jamesiebabie] 10/11/2022 07:54

Layla and the rig remain on location.

[pro_s2009] 10/11/2022 07:53

They should release at TD, once logging is done and any fluid sampling complete.......ahead of any sidetrack.

Which is why Gil put in that email "if we announce a sidetrack"...........as this would mean discovery in the vertical well and moving to then sidetrack.

He did say 2 to 3 weeks from 22nd Oct......and here we are 2.5 weeks later.........so really at that point on the 22nd they knew already it was looking like potentially mid November.

We all though "no...cannot be 2 to 3 weeks away".....but so it might be.

All I will say is, the slower it goes, the more likely it has pay......dusters are quick and the 25 day drilling time was based on "dry hole".

[jamesiebabie] 10/11/2022 07:53

Explorers, they know how to tease you, and ECO is no exception.

[smraynot] 10/11/2022 07:44

Poor old firestorm trolls the risers pages trying to get in at lower price when he/she continues to miss the boat. Sad way to live your life.😂ԅ14;😂😂;😂

[ltinvestor] 10/11/2022 07:44

Pro.Because of the debacle over the Orinduik discovery information release I feel that Eco will be extra cautious here and only release information when they are 100% certain about the data.

[firestorm911] 10/11/2022 07:28

all pro-nonces know no news is usually bad news, they are letting friends, and families to escape.

then the castration of all pro nonces.

[ride daice] 10/11/2022 07:27

Looks like the next RNS might be...

A price monitoring extension

[pro_s2009] 10/11/2022 07:16

lt, they were never going to announce Namaqualand as its a secondary. You should have asked him if they would announce results at TD once through the main Gazania target.

[ltinvestor] 10/11/2022 07:14

I asked Gil before the “ drill” started if he would inform the market if oil was found at Namaqualand on the way down.His response was NO, so with the original drill time of approx 25 days well passed Eco might well have a discovery.Confirmation would be evidence of a sidetrack into Pelargonium

[bocase] 10/11/2022 07:03

No news this morning then!!

[divmad] 10/11/2022 06:43

Yep, sound logic at work there.