Eco (atlantic) Oil & Gas Share Discussion Threads

[2000tober] 23/12/2022 15:46

Gil is full of it, Getting fed up with his porkys, thought he said farm in, imminent few months back.

[davwal] 19/12/2022 12:36

Gil says the current partners are planning drilling targets for next year. Not sure that means much given KH has basically confirmed that without a big farm in there wouldn't be any drilling. And the farminee would be in the driving seat re what's drilled when.

[ltinvestor] 19/12/2022 10:28

Eco were awaiting for the regulatory approval of the transfer of the additional 6.25%.Now this has been received I am expecting the 3b4b farmout to be concluded very shortly…

[dailylarma] 08/12/2022 22:06

Omg another account for that badrobot nonce Where do you find the time to be online when your daddy expects favours all day when you get home from school?

[bocase] 06/12/2022 14:56

It is frustrating to see the share price fall back. It seems the impatient are selling but I remain confident the patient will be handsomely rewarded.

The stock market is a mechanism for moving wealth from the impatient to the patient

In Gil's words news of the farm in is 'imminent' so we should not have long to wait for the first of several catalysts in the coming months.

[jimarilo] 05/12/2022 22:20

Yeah, I remember PEL44, that's where Exxon walked away from a deal after Galp seismic shoot. Azinam also walked away

Don't build your hopes on this one

[thenorseman2] 02/12/2022 17:30

Nice!!! Five-well drilling campaign lined up for 2023 in Namibia's Walvis basin where Maurel & Prom plans to spud debut well late next year in about 1000 metres in their Block 2212B which is sat BETWEEN our Sharon and Tamar/Guy licences!!!!!'--------https://www.upstreamonline.com/exclusive/taking-flight-five-well-drilling-campaign-lined-up-for-2023-in-namibias-walvis-basin/2-1-1365844--------French independent Maurel & Prom (M&P) is gearing up to start a potential five-well drilling campaign offshore Namibia in 2023, as wildcatting fever continues to grip this global exploration hot spot.Shell and TotalEnergies are also set to begin major appraisal and exploration drilling campaigns next year, chasing upsides to their huge Graff and Venus discoveries in the Orange basin, while other players in the area, such as Chevron and BW Energy are also refining and accelerating drilling and seismic survey plans.This drilling contagion is also spreading to the Walvis basin to the north where M&P aims to drill two wells in Block 2212B - or Petroleum Exploration Licence 44 - with three or more probes to follow, depending on initial results.The Paris-based operator has already identified five specific drilling locations, targeting three prospects - Aurora, Serenade and Harmony - in the northeast of the exploration licence and plans to spud the first probe in late 2023.Aurora-1 will be drilled in a water depth of 1272 metres, while Serenade-1 will be drilled in 926 metres of water and Harmony-1 in 1030 metres.It is unclear which two of these three well will be drilled or in which order.However, given the specifics of the proposed drilling campaign, it would appear that Auroro and Serenade are they preferred targets.Based on interpretation of 3D seismic data, the operator believes the block may be oil-prone, according to an environmental statement filed with the Namibian government.Block 2212B is located immediately south of a block that hosts a well - Wingat-1 - drilled in 2013 by now defunct Brazilian company HRT, which established the presence of a working petroleum system and a light oil play.That probe was one of three successive - and expensive - wells that HRT drilled in 2013 in the Walvis basin, none of which were found viable oil volumes, but contributed to the company's demise. This failed exploration campaign plus a problem on a Brazil asset, saw HRT hit with a near $1 billion impairment in money of the day terms.The environmental report field by M&P described the Walvis basin as "appealing" from an exploration point of view, the environmental filing added: "The likely presence of petroleum systems and potential hydrocarbon occurrences within... PEL 44 cannot be under-estimated, hence the reason M&P is proposing to drill multiple wells."M&P's operations base will be Walvis Bay 185-195 kilometres from the drilling area, while helicopters could fly from either Walvis Bay airport or Arandis airport, northeast of Swakopmund.Being some 20 kilometres away from the coast, Arandis does not suffer from sea fog that regularly stops flights from Walvis Bay.Drilling operations are set to last for 40-60 days per well and will be undertaken using either a drillship or semi-submersible.The estimated total depths below sea level for the proposed wells range from 3530 metres for Harmony-1 to 4390 metres for Serenade-1 and 4450 metres for Aurora-1.The operator had originally proposed to drill these wells in 2020, but Covid-19 forced a delay.M&P has an 85% interest in PEL 44 and is partnered by state owned Namcor on 8%, with two local companies, Livingstone Mining Resource Development and Frontier Mineral Resources, on 4% and 3% respectively.

[daar] 02/12/2022 12:39

This was 23p last week... Stonking buy below 20pFarm out news soon

[theblackbaron] 02/12/2022 11:13

Maybe ......

[daar] 02/12/2022 09:40

This will settle around 25p in coming days/weeks before the next leg up!!

[ltinvestor] 01/12/2022 09:04

Just one further comment from the Meeting.Gil stated that on the day of the Gazania results and the following couple of days not one institution sold any shares and in fact several of them increased their holding.

[mr hangman] 01/12/2022 08:42

Have a great break Chris, you deserve it, Cape Town ?

[theblackbaron] 01/12/2022 07:31

Morning all Dec 1st taking off for long earned break till 8th jan no point in hanging around unless buying liquidity will dry up now. Not been a bad year missed the wipe outs by going against the popular trend thoughts. See you on the other side.

[chessman2] 30/11/2022 08:16

I’m happy to remain invested here waiting for future excitement.

I wonder when AO will increase their stake?

And then we have farm out news to come!

[ltinvestor] 30/11/2022 07:46

Booradley.You have a PM

[bocase] 30/11/2022 07:29

ltinvestor. Thank you for your P.M. I have replied.

[booradley1] 29/11/2022 23:31

Hey lt...long term eco investor here...what did you learn at todays breakfast??

[ltinvestor] 29/11/2022 21:33

Bocase.You have a PM

[bocase] 29/11/2022 19:55

Anything new come out of the meeting ltinvestor.

Thanks

[davwal] 29/11/2022 17:25

I note Gil did okay with total earnings of $764k, up from $202k. Kinley got almost a Mil via his management role and his consultancy firm...

[davwal] 29/11/2022 16:08

Good, bad or indifferent?

[ltinvestor] 29/11/2022 15:50

He should have attended the meeting!