Eco (atlantic) Oil & Gas Share Discussion Threads

[davwal] 31/7/2024 14:11

No, it ain't.

[cat33] 31/7/2024 13:05

Project moving along nicely Jim's summary https://oilman.beehiiv.com/p/oilman-jims-letter-july-31-2024Worth reading

[cat33] 31/7/2024 13:04

All coming together nowJim's summary https://oilman.beehiiv.com/p/oilman-jims-letter-july-31-2024Worth reading

[ifthecapfits] 30/7/2024 20:29

Yeah, a tad dissapoint8ng at the end there. Hohum. In the bottom draw.

[cinoib] 30/7/2024 18:44

We go down and Canada goes up 10%

[cinoib] 30/7/2024 11:04

400-1 on the buy side, not seen that before, must be good.

[jotoha2] 30/7/2024 10:46

Malcy does get it wrong at times , but this time he has hit the target , 120p in time is going to make a lot of us smile indeed !! Have taken a large position today.

[cinoib] 30/7/2024 10:17

Red army, judging by today's news that looks like a yes.

[red army] 29/7/2024 20:35

Do they have enough cash and runway?

[bocase] 29/7/2024 16:44

Malcy's take on today's deal:

This looks like a really excellent deal to me as Africa Oil, who have been waiting for opportunities to tidy up its portfolio, have canceled their holding in Eco Atlantic (about 15% plus warrants) in exchange for a 1% interest in Block 3B/4B in South Africa. With this non-dilutive deal, the value in my book of the South Africa blocks way exceeds the value on the sell side as it were and management should be warmly congratulated, especially given their low market valuation.

Add to that the fact that Eco are fully carried for two wells on this, one of the hottest blocks in world oil and gas, and also have stage payments to receive on the way you have a massive valuation on this block alone. Indeed I have some numbers that make the value there to be higher than the market cap on its own.

And of course in this RNS Eco have updated on progress in both Guyana and Namibia where they are hoping to farm-out both the Orinduik block and the blocks in Namibia which is also a very popular postcode at the moment. I think that Eco has the makings of a good old fashioned ten bagger, even then there is monumental upside and the shares should be tucked away under lock and key.

[gisjob2] 29/7/2024 12:28

Great business by ECO today, reducing shares in issue by 16% allowing more value for remaining shareholders to be extracted on each project going forward while avoiding the potential risk of the 16% being dumped on the market in the future.

Of course the benefit will only be recognised in time as the Orinduik & Namibia farm outs are achieved and on successful drill results. Now lets push on and get a partner in Orinduik.

[ifthecapfits] 25/7/2024 06:22

hxxps://www.bnamericas.com/en/news/eco-atlantic-looks-to-close-guyana-farmout-by-midyear

[gisjob2] 24/7/2024 13:42

News needed on Orinduik farm-out.

[mick_oi] 15/7/2024 16:34

New presentation posted today: hxxps://wp-ecooilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/07/ECO_Investor-Presentation-JUL-FOR-WEB.pdf

[imjustdandy] 04/7/2024 07:00

Hold tight - all about to unfold

[imjustdandy] 03/7/2024 15:22

Exxon could potentially swoop on Eco this month. Lots going on

[kingkev2] 30/6/2024 14:53

https://www.upstreamonline.com/field-development/exxonmobil-picks-hammerhead-as-seventh-guyana-development-report/2-1-1667437

[cinoib] 25/6/2024 17:31

See it's up 10% in Canada just now.

[kingkev2] 24/6/2024 17:44

https://cegageos.ca/wp-content/uploads/24TDINT08.pdf

[davethechef] 21/6/2024 08:50

In that too, but topped up here with 11k of shares too, short while ago, hopefully set for rebound

[divmad] 19/6/2024 15:25

I wonder if this drip drip sell off is in part caused by the hot money crowd chasing LBE these last few days?

[cinoib] 18/6/2024 14:12

Is ask 12 in Canada, so meeds to go back up.

[mr hangman] 12/6/2024 20:57

https://www.rigzone.com/news/where_is_the_most_exciting_oil_exploration_region_right_now-11-jun-2024-177049-article/