Eco (atlantic) Oil & Gas Share Discussion Threads

[ltinvestor] 25/7/2023 15:35

Nice to have a billionaire accumulating stock!

[pro_s2009] 15/7/2023 02:34

Eco (Atlantic) Oil & Gas' $10.5mln deal "has a broad effect without diluting shareholders"



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[chessman2] 14/7/2023 13:17

I haven’t checked the trades here but I do believe ECO are on their way up.

IMO the current share price is extremely good value as the future deals, when/if they are announced will send ECO skywards.

[bocase] 12/7/2023 07:15

Gil Holzman's comment followed by Malcy's take on the sale of a partial interest to Africa Oil.

“We are very pleased to agree this transfer of a portion of our WI on the Block to our strategic alliance partner Africa Oil. The restructure of the WI will result in Africa Oil holding 26.25% and Eco 20% and will strengthen the JV position amid ongoing negotiations with third parties to farm into the Block and execute a drilling campaign. Since Africa Oil is already established as JV partner and Operator on the Block, receipt of the requisite regulatory approval for the transfer is expected to be straight forward.

“We look forward to continuing our work with the South African government and regulatory bodies in terms of our Environmental Authorisation process and in the active exploration of Block 3B/4B. The initial cash to be received from Africa Oil will enable Eco Atlantic to fund its growth opportunities elsewhere and with no shareholders dilution, while maintaining a strategic and considerable 20% working interest in this highly prospective Block (pre farm out to a third party).”

Malcy commented:

You can’t keep a good man down and Gil Holzman is one of those who regularly surprises with another deal which is just around the corner. Today he unveils a plan to raise some $10m+ without any dilution by admittedly bringing in fellow investors in the extremely prospective Block 3B/4B.

Myself and the international oil industry have been watching this acreage and of course I am also a huge fan of Africa Oil, a great company to be your partner here. Expect more deals as the time has now come for the partners to do more farm-outs and prepare to go to work on the Block.

The shares have fallen in the last few, quiet months, I do not expect this to continue as the excitement grows about 3B/4B where there is much potential, as I said, expect more surprises from Mr Holzman, Lechaim!

[cashandcard] 03/7/2023 15:54

So nothing really until year-end or next year.Cash

[pro_s2009] 29/6/2023 12:04

Not me......... does not look good at all currently........very bad enviroment for raising cash.

I wonder if someone will just swallow up ECO in a lowball offer soon ?

[trop] 22/6/2023 15:05

What can be said ? FFS

[ifthecapfits] 15/6/2023 16:29

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

[pro_s2009] 02/6/2023 07:33

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.

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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 !!


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[mrsd1] 01/6/2023 16:56

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

[chessman2] 27/5/2023 09:41

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 06:29

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 13:55

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 16:22

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 16:35

Garden path comes to mind with this dog.

[ifthecapfits] 05/5/2023 17:04

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

[2000tober] 02/5/2023 11:24

Yep, Gill's done it again.

[trop] 02/5/2023 10:20

Fell for the hype !!

[2000tober] 25/4/2023 07:44

Eco oil and gas solutions Trinadad, is not Eco Atlantic