Eco (atlantic) Oil & Gas Share Discussion Threads

[stockport loser] 17/11/2022 13:54

Your obsessed with kids Firestick, keeping taking those tablets.

[jamesiebabie] 17/11/2022 13:05

The Umkhuseli is in its usual re-supply berth.

[2 solaris] 17/11/2022 09:03

Back to normal service I pity those who panic sold yesterday.

[dicko80] 17/11/2022 08:43

Ticking up nicely

[davwal] 17/11/2022 08:11

Certainly seems they don't expect a flood of cheap stock on the horizon. Interesting...

[pro_s2009] 17/11/2022 04:41

Been noticed in Canada the House Broker....Peters......is constantly buying stock.

One wonders why the House Broker is so active on the buy side only and not selling any. Good news ahead ? AOI going to make an offer for ECO soon after Gazania result ? Big buy order placed in the background over the past month ?

[pro_s2009] 16/11/2022 23:14

Finished in Canada at 42p equivalent.... 0.67 CAD

[euclid5] 16/11/2022 22:12

That looks like a buy, if it is then would guess they know for sure they have found oil

[knowing] 16/11/2022 18:23

324K held it up (Late trade report)

[davwal] 16/11/2022 17:14

Someone else said the same this pm. It seems odd given the volume sold and todays late buying didn't look that strong..?

[bocase] 16/11/2022 16:37

Closed at 40.5p so only 0.5p down. Looks like yesterday's news has been digested and Toronto back to flat on the day.

[dicko80] 16/11/2022 16:00

Can't buy many online, Hopefully back to 45p soon enough

[davwal] 16/11/2022 15:39

Looking on the bright(er) side, when KH said he'd better not go into too much detail maybe it was a Freudian slip moment - that apart from the delays (which he did speak about) there was actually some positive 'detail' he felt he should steer clear of. It clearly wasn't that the well was a dud... Clutching at straws, maybe, but that's our prerogative.

[bocase] 16/11/2022 15:35

Toronto in step with London today but a purchase of 58k shares in Toronto just gave us a lift too.

[2 solaris] 16/11/2022 14:09

Their communications are useless.

[theblackbaron] 16/11/2022 13:28

Borders & the sun

[here and there] 16/11/2022 12:28

they never said they spuded

[firestorm911] 16/11/2022 12:14

Stockport nonce is doing his lunch time rounds by kiddies' school. Please lock your children in your rooms.


Regards,
F911

[erlaw] 16/11/2022 11:41

I am actually quite grateful for that little "storm in a teacup" in a funny kind of way.
(It's made the chart a good sight better lol).

I don't read anything much into Keiths comments as he was quite guarded when he spoke. However, failure to notify the shareholders of the Spud delay, re-Spud and, drilling issues is no more than quite frustrating as my understanding is that they should have been put out in an RNS.

However, I am comfortable to stay invested and am rather hopeful of a decent outcome, the investment being somewhat protected even if it were a "dry hole".

I still have a feeling (although I can't quite put my finger on why) it is "wet" and, I still have a feeling they are drilling a side-track. So, I am waiting for (logging? pretty please) results. (Side Note: I could be wrong!)

I am also minded that Keith was impressed with ECO's under speak and over deliver.

Let us hope it is so this time.

[here and there] 16/11/2022 11:25

Fabulous bit of bed wetting the past 24 hrs. Nothing has changed. Buy the dips , sell the rips.

some weather, some slow drilling, hence it has taken longer.

Africa oil will either, on success, buy 2B and develop it quickly or sell 2B and monetise it..quickly...that is what Keith Hill said. Happy either way.

Just got to be lucky with the drill bit. Crossed fingers and good luck all

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

Yep, If this is a duster, investors will look at how much extra money has been spent, due to the extra 20 days, BOR comes to mind

[pro_s2009] 16/11/2022 10:33

Extra cost all depends on the cause of delays.......who is to blame, what is to blame, what is covered by insurance etc... If the delays are purely geo........drilling fluid loss.......high pressure........then yes, its costing ECO but who cares as we have buckets of oil...........

[thenorseman2] 16/11/2022 10:30

I think that based on Keiths comments that delay was caused by drilling issues and weather made it a bit less likely the delay is because of side track already ongoing etc so less of a discovery should be priced in already. Nevertheless, they should have drilled through Namaqualand long time ago. AO did again reiterate/highlight the > 300 million barrels light oil targeted and used the word MATERIAL indirect interest of 16.5%. This makes me wonder if Namaqualand looks good for a start, or I might be reading too much into it ?

[bocase] 16/11/2022 10:12

We could easily finish up on the day as confidence returns.

[2 solaris] 16/11/2022 09:31

Obviously, there is an extra cost to all this but how much no one knows except the company and those in the dark. Those in the dark, stay in the dark.