Eco (atlantic) Oil & Gas Share Discussion Threads

[ifthecapfits] 15/6/2023 15:29

hxxps://www.sharesmagazine.co.uk/article/strike-it-rich-three-oil-and-gas-stocks-with-big-opportunities

[pro_s2009] 02/6/2023 06:33

O/T post.

If you want some fun......... PRD - Predator Oil and Gas

MOU-3 to spud within 24 hours........ get the thrill of success or failure with the drill bit



2 June 2023

MOU-3 Drilling Update

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that the Star Valley Rig 101 will commence drilling the MOU-3 well within the next 24 hours.

A further update will be given, which is subject to partner approval, when MOU-3 reaches its intended pre-drill total depth of 1,500 metres TVD KB and prior to the commencement of wireline logging operations.

-------------

Fox Davies just released a 42 page note on PRD, you can download the PDF file in the below link - a good read - and shows the potential. Read the disclaimer, its high risk high reward stuff, although not a binary on one drill or prospect as they have other things as well.

Download link :

DYOR !!


.

[mrsd1] 01/6/2023 15:56

who is their PR as they seem to be doing a pretty slack job

[chessman2] 27/5/2023 08:41

I’m confident ECO will come good in a very big way.

However, it appears holders may have to be patient for a few months unless a big oiler becomes interested in our block before the start of drilling.

[sos100] 27/5/2023 05:29

Taking too long ,half the year is gone and still nothing.
should really have had a deal on the orange basin by now....looks like 2024 at best

[pro_s2009] 26/5/2023 12:55

Eco seeks deals to unlock drilling, with Orange Basin focus

“We have a very strategic position in the basin,” Eco CEO Gil Holzman said this week. “Block 3B/4B is exactly on trend with G...............

[gruvgunnar] 22/5/2023 15:22

TotalEnergies on target: High-risk drilling at global hotspot indicates supermajor has a huge field on its hands
Sources tell Upstream that initial results from Venus appraisal well in Namibia met expectations
22 May 2023 11:51 GMT UPDATED 22 May 2023 13:07 GMT
By Iain Esau in London
TotalEnergies has hit reservoir with a critical appraisal well on its huge, alluring Venus oil discovery offshore Namibia, with Upstream told the probe has met expectations.
Venus — and Shell’s earlier Graff discovery — generated huge excitement when it was found last year in Block 2913B of the Orange basin, with market speculation emerging at the time that it could hold 12 billion barrels of oil and many trillions of cubic feet of gas.
TotalEnergies has tried to dampen resource expectations, but its decision to spend half its 2023 exploration budget on a four-well, two-rig Namibian exploration and appraisal campaign underlines just how big Venus could be.
The drillship Tungsten Explorer is currently operating on the Venus-1A appraisal well, located in about 3000 metres of water, some 13 kilometres north of the Venus-1 discovery well, a bold step-out rarely encountered in exploration circles.
Upstream was told earlier this month that Venus-1A, which began drilling in early March, was in the reservoir and results to date are promising, according to two people with knowledge of the drilling operation.
“They are in the reservoir,” said one source, while the second person said “the well has come in on target” — a comment that implies the geology and the reservoir have met pre-drill expectations.“For such a high-risk probe, this news bodes well although the proof of the pudding will only come when the well is tested.
Vantage Drilling’s Tungsten Explorer will not carry out a flow test on Venus-1A, with this operation instead left to Odfjell’s drillship Deepsea Mira, which is due to arrive in Walvis Bay on Monday, according to marine intelligence provider VesselsValue.
Before carrying out a flow test on Venus-1A, however, the Deepsea Mira will carry out production tests on the Venus-1X discovery well.Once the Tungsten Explorer wraps up Venus-1A, it will head west to spud and possibly test the Nara-1 probe, targeting what could be a huge extension of Venus.
If Nara-1 is a success, the drillship will also drill and test an appraisal well.
Vast FPSO potential
One person familiar with the drilling campaign in Namibia, told Upstream that if the western extension of Venus meets expectations, then a development could involve multiple floating production, storage and offloading vessels.
"If (Nara) is as big as it appears to be, then it could require up to six or seven FPSO’s,” each with a capacity of at least 180,000 barrels per day.
Maggy Shino, Namibia’s Petroleum Commissioner, has suggested that the recoverable reserves discovered in Venus to date stand at about 2 billion barrels.
However, one informed source said this figure “probably̶1; applies to the “main” part of Venus in Block 2913B, and not its potential extension into Block 2912.
TotalEnergies had not responded to Upstram’s request for comment by the time of publishing.

[trop] 17/5/2023 15:35

Garden path comes to mind with this dog.

[ifthecapfits] 05/5/2023 16:04

Terrible performance of late. Need something, anything to turn it around. Where's this farmout?

[2000tober] 02/5/2023 10:24

Yep, Gill's done it again.

[trop] 02/5/2023 09:20

Fell for the hype !!

[2000tober] 25/4/2023 06:44

Eco oil and gas solutions Trinadad, is not Eco Atlantic

[dat_51] 21/4/2023 04:36

Thanks Mick for posting.
dat

[mick_oi] 18/4/2023 19:08

https://youtu.be/do3lYR-LpKg1st Subsurface - Trove youtube video of South America. Jump to 11mins for Eco's block, also Eco mentioned in bidding for Trinidad & Tobago license round.

[ifthecapfits] 11/4/2023 09:07

Very boring waiting for something to happen. When's this farmout coming?

[trop] 06/4/2023 11:37

JEEEEEEEEEEEEZ

[pro_s2009] 06/4/2023 04:24

Tullow was expected to exit prospective South American blocks, but wants partners instead

Chief executive aims to attract partners for frontier acreage after failing to do just that on coveted Namibia block

5 April 2023 18:21 GMT UPDATED 5 April 2023 18:23 GMT
By Iain Esau in London

Tullow Oil remains committed to maintaining a presence in frontier exploration acreage offshore South America, but will reduce its exposure by bringing in partners, according to chief executive Rahul Dhir.

This exploration strategy calls into question why a similar approach was not taken last year for a promising offshore block in Namibia’s Orange basin that Tullow decided to exit just weeks before Shell and TotalEnergies announced their major Venus and Graff oil discoveries.

The Orange basin is now the world’s hottest exploration play and Tullow could have had its pick of potential partners drawn to the acreage’s adjacency to TotalEnergies’ licence and done so at little or no extra cost.......

[2000tober] 31/3/2023 09:22

It should not take this long, not inspiring confidence.

[trop] 30/3/2023 16:06

ain't this doing well , is it still imminent?

[thenorseman2] 09/3/2023 13:48

also Africa oil mentioned recently they might fund it alone....

[davwal] 09/3/2023 11:25

Seven majors or super-majors have apparently analysed the same raw data a few months ago, but to date none have committed. The narrative seems to have cooled too. That concerns me.

[2000tober] 09/3/2023 10:15

Am I right, that the cpr was for only about 15% of the block, 2200 square km

[ride daice] 09/3/2023 09:21

That's a LOL from me.

[thenorseman2] 09/3/2023 09:08

CPR a bit underwhelming. Only one elephant size the Fan-SA (518 million barrels recoverable best estimate). Then Ardwolf 327 million barrels. The rest 176 million and smaller. Sold out this morning (for now). Hopefully better news from Namibia later this year.