Eco (atlantic) Oil & Gas Share Discussion Threads

[ltinvestor] 26/1/2023 14:22

WJ, I prefer the thread to be quiet.Serious buying going on in the background…..

[w1ndjammer] 26/1/2023 12:54

Why is the thread so quiet. share price starting to move
In the old days peeps would have been getting excited
Does nobody but stocks these days…..

WJ.

[ifthecapfits] 24/1/2023 22:41

Good day 8n Canada

[pro_s2009] 24/1/2023 15:53

Nice isnt it

[2000tober] 24/1/2023 15:06

10% up across the pond, 0.42

[ifthecapfits] 24/1/2023 09:12

Should get exciting here again soon. Great news re: Shell. I'll have to look more into the read across.

[thenorseman2] 24/1/2023 08:28

Orange basin: Shell hits hydrocarbons in world's hottest new hunting groundJonker-1 wildcat has found hydrocarbons in a different geological play to Shell's previous Graff and Rona finds offshore Namibia23 January 2023 11:29 GMT UPDATED 24 January 2023 0:17 GMTBy Iain Esau in London The temperature is rising again in Namibia's Orange basin, the world's hottest new hydrocarbon hunting ground, with Upstream told that early signs from Shell's Jonker-1 exploration probe are promising.Northern Ocean's semi-submersible rig Deepsea Bollsta began drilling the high-profile well in Block 2913A in mid-December. Namibia: Shell spuds exploration probe in Orange basin hunting groundRead moreThe probe is chasing a different geological play to the Upper Cretaceous light oil discoveries made last year by Shell's Graff-1 and La Rona-1 exploration wells.Instead, Jonker-1 is targeting an eastern extension of the Lower Cretaceous oil and gas play that TotalEnergies hit with its Venus-1 probe in adjacent Block 2913B in 2022 , potentially Africa's largest ever offshore discovery.Three informed sources told Upstream in recent days that Jonker-1 has hit hydrocarbons in a shallow reservoir, offering significant encouragement for what may yet be found in the probe's deeper primary objective.It is understood that Shell was running in-hole flow tests on this secondary target last week. Shell to fire up Namibia drill campaign within daysRead moreShell "has found something interesting in a shallow target and is drilling ahead to the thicker primary objective", said one well-watcher.Another exploration source said: "They have a hit in the first target (and are) testing it."

[ltinvestor] 23/1/2023 16:42

News filtering out of Jonker1 is making the Orange Basin and Eco’s blocks even more attractive….

[daar] 23/1/2023 15:03

30p by end March is my guess

[pro_s2009] 23/1/2023 14:34

Moving up..........

[ltinvestor] 18/1/2023 07:25

3b/4b farmout partner to be concluded end of this quarter according to Keith Hill of Africa oil

[silentface] 13/1/2023 09:41

I have confirmation from Gil that Eco Oil and Gas Solutions is not a subsidiary of this company.

[davwal] 12/1/2023 11:41

I guess the alleged 'major' interest in 3B/4B is watching for Graff 2 outcome before committing.

[davwal] 12/1/2023 11:39

In reply to myself, no, I think not. No 'Atlantic' in name.

[davwal] 12/1/2023 11:31

Re Trinidad and Tobago recent bids for licences.Part of this ECO O & G perchance?Out of the 16 bids, company representatives were present to sign off on ten bids. For six bids, no representative was present from Eco Oil and Gas Solutions and Hunter Resources Corporation. An unfazed Young said firms without a representative present were thought to be foreign-based.https://newsday.co.tt/2023/01/09/government-receives-16-bids-for-onshore-oil-exploration/

[pro_s2009] 11/1/2023 10:11

ECO website has been revamped.



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[pro_s2009] 05/1/2023 04:38

Worth a watch for oil price forecast :



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[pro_s2009] 02/1/2023 06:11

Dont forget to get your entries in for the 2023 annual contest.



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[manicat] 29/12/2022 12:14

and wolf in SA 3b/4b

[manicat] 29/12/2022 12:12

hxxps://oilnow.gy/featured/more-than-two-dozen-high-impact-wells-planned-for-guyana-other-hotspots-for-2023/ so we are drilling amatuk this year in guyana.

[daar] 29/12/2022 11:33

Total market solutions:Block 2B, covering an area of 3,062km2, has an estimated 349 million barrels of oil (Best Estimate – Gross Prospective Resources) in relatively shallow water depths of less than 200 metres, and hosts a previous light oil discovery, the AJ-1 well that flowed 191 barrels of oil per day back in the 1980s. 3D seismic data acquired in 2013 indicates further prospectivity up-dip from the discovery. Block 3B/4B, located between 120 and 250kms offshore, directly south of the Graff-1 and Venus-1 multibillion barrel discoveries announced earlier this year by Shell and TotalEnergies, covers an area of 17,581km2 and lies in water depths ranging from 300 to 2,500 metres. ECO signed a farmout agreement earlier this summer with Azinam to acquire an additional 6.25pc interest in Block 3B/4B, increasing the company's stake to 26.25pc.There was disappointment last month when Block 2B's Gazania-1 well reached its target depth of 2,360 metres but failed to show evidence of commercial hydrocarbons. The venture partners, which had believed the well had the potential to establish a 300 million barrel light oil resource, will now move on to executing our plans for more exploration wells, including a two-well campaign on Block 3B/4B offshore South Africa planned to begin in 2023, and at least one well into Cretaceous targets on the Orinduik Block offshore Guyana. As announced by the Operator of Block 3B/4B, a collaborative farm-out process, up to 55pc gross working interest, has been ongoing. ECO said that while 'it is naturally disappointing not having made a commercial discovery, the Gazania-1 well was only the first of four wells we have planned for the next 18-24 months across our wider portfolio.'Elsewhere, ECO continues to assess options for progressing exploration and commercial activity on its Namibia acreage, and, together with its venture partners, is drawing up plans to drill at least one well into light oil Cretaceous targets in the next exploration phase at the Orinduik Block, which begins in 2023.ECO's results for the six months to 30 September stated cash of $24.6m and no debt after paying $11.3m – the company's share of the Block 2B well. It had total assets of $67.3m, total liabilities of $5.7m and total equity of $61.6m. Last month ECO closed the sale of its 100pc interest in the Kozani Photovoltaic Development Project, raising $2.4m, boosting its cash to $17.5m.After gradually building momentum through the year the company's share price fell off a cliff last month after the Gazania-1 upset, plunging from 42p to 17.5p in the space of a day, where it has remained, pulling its market cap down to CAD$101m at the time of writing. Prospective investors coming fresh to ECO might regard that as an overreaction: the company has a cluster of other prospects, in South Africa and elsewhere. Perhaps now, while much of the market has turned away, might be the time to take a position.

[mdw1] 29/12/2022 09:13

Looks like some interest returning , news due

[burtond1] 29/12/2022 06:05

Here @TMSreach we look at 12 #Oil and #Gas Companies that should be worth following over the next 12 months.Last year, each selection averaged a return of 65% with two Companies up 400% and one a staggering 1000% Companies covered include:#88E #ANGS #BEY #BLOE #CHAR #CORO #ECO #EOG #IOG #LBE #NTOG #UJOhttps://total-market-solutions.com/2022/12/12-oil-and-gas-companies-to-follow-in-2023/