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Share Name Share Symbol Market Type Share ISIN Share Description
Eco (atlantic) Oil & Gas Ltd LSE:ECO London Ordinary Share CA27887W1005 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.80p -0.99% 79.70p 383,408 10:30:42
Bid Price Offer Price High Price Low Price Open Price
79.40p 80.00p 79.70p 78.50p 79.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.33 -8.18 -6.00 143.9

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Date Time Title Posts
24/5/201911:44ECO Atlantic--Next door to Exxon Offshore Guyana2,161
28/2/201813:36ECO (Atlantic) Oil & Gas - Offshore & Onshore Namibia27
27/1/201113:10THE ECONOMY-
26/10/200910:06ecosecurities - carbon trading238
24/3/200608:44Eco Securities Looking Good3

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09:49:2879.0050,00039,500.00O
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DateSubject
24/5/2019
09:20
Eco (atlantic) Oil & Gas Daily Update: Eco (atlantic) Oil & Gas Ltd is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ECO. The last closing price for Eco (atlantic) Oil & Gas was 80.50p.
Eco (atlantic) Oil & Gas Ltd has a 4 week average price of 75.40p and a 12 week average price of 74.50p.
The 1 year high share price is 101.50p while the 1 year low share price is currently 30.40p.
There are currently 180,565,225 shares in issue and the average daily traded volume is 862,641 shares. The market capitalisation of Eco (atlantic) Oil & Gas Ltd is £143,910,484.33.
15/5/2019
07:36
maccamcd: New bit of research from a good UK broker Initiating coverage on EcoAtlantic with a Buy, 125p target price- a play on a key global exploration hotspot. EcoAtlantic is a high risk, high reward play on Guyana exploration, participating in two wells in 2H19 that are adjacent to over 5.5bn bbls discovered by Exxon and partners in the neighbouring exploration block. Key Points • Only one of the two geological plays on the block is being tested this year - Tullow and partners saw the opportunity in the Cretaceous, but one of the many discoveries made by Exxon in the adjacent block has de-risked a second geological play - the Miocene - and it is this that EcoAtlantic and partners are testing in 2019. • This success next door and the second geological play it opens up means risk/reward is in investors’ favour - the 43% probability of success on the two targets being drilled in 2019 is high, in our view, c.2x the typical 20-25% probability seen in frontier exploration - and while we believe success would potentially unlock substantial upside, with only one geological play being tested in 2019, failure of either well may not mean the block is uncommercial. • Supported by Africa Oil, who owns 19% of the equity, the company is fully funded for this year’s drilling campaign and for at least two more wells in 2020. Our valuation below illustrates the attractive risk/reward trade-off - our risked NAV indicates potential upside vs the current share price of over 30%: source: Stifel estimates
12/5/2019
17:38
diversification: So the Indians are essentially looking for farm-in opportunities. I.e. India acquires a stake in a discovered or producing field. Now we don’t have oil yet and the big boys Tullow and Total will not want to farm out so what better way of securing a farm in but to purchase Eco with its 15% stake. Oil terms and cost per barrel in the low 30’s, Guyana is a hot area in the industry right now. With astonishing potential it comes as no surprise that the share price has started its next leg up which imo promises to deliver a meaningful breakout and all time high. I said it before but the trading pattens is not in the main, indicative of your average private investor. Some serious stake building is taking place with a strong shareholder register. Can’t wait for this week!
08/5/2019
20:27
manicat: well matthew the other guys are doing something and most of the valuation in eco is because the other guys found a field that extends on to the orinduik block. don't be surprised to see the share price to rise sharply soon
11/3/2019
13:53
phoebus_av: Orinduik CPR states 2900 MMBOE in Cretaceous and CEO Gil alluded to another 1000 MMBOE in tertiary. Including Hammerhead, that's around 600 MMBOE P50 recoverable net to ECO. Hess and Exxon are valuing Stabroek discoveries at $8/BOE, which would value ECO's 600 MMBOE at $4.8B or £3.69B, which is 2285p per ECO share! If we risk this at 3:1 that give a target of 760p. Sure, the inital Jethro-Lobe drill is only targeting a fraction of this, but if the 44% COS well, which is a copycat of Hammerhead is successful, then any chance of a low share price entry for all the remaining upside on the block will be gone for good. ECO has been well and truly off everyone's radar with very few comments on the stock over the last 18 months. With more PR and broker coverage and the rising share price flashing up on PI screens, word is getting around and the scramble for shares is accelerating.
11/3/2019
13:49
maccamcd: 102 in Canadialand! anyone seen JAKNIFE? "jaknife: Can I just quickly throw an idea out there - ECO's share are hopelessly over valued. Would anyone like to tell me why I'm so hopelessly wrong? The market cap is £74m but I can only identify assets of circa USD 28.5m. Taking Orinduik, for example, ECO have just received $12.5m for selling 25% to Tullow. Which means that the remaining 15% that they hold is worth a mere $7.5m by reference to that deal. Cooper Block looks like it's worthless - Tullow walked away. Add in ECO's cash and convert to sterling and I reckon that the share price is three times the value of the assets. So a clear and obvious short because once the shareholders wake up to reality, the price will plummet! JakNife" RIP JAKNIFE
20/2/2019
09:07
maccamcd: Pareto Securities chat just out Conclusion: A commercial success on Guyana would be a company making event for Eco with a possible ~3-4x upside to the last closing share price (GBp67) on our estimates, assuming a de-risked recoverable volume range of 250-670mmbbl. Eco Atlantic is an exploration-focused company with attractive and potentially high-impact exploration prospects offshore Namibia and Guyana, in our view. As a pure explorer the company is a high risk investment proposition. However, with its available funding and 2019 catalysts, we consider the company as an attractive investment on a risk-adjusted basis, and a strong addition to a balanced portfolio. We re-iterate our BUY recommendation with a GBp120 target price.
20/2/2019
07:30
hiddendepths: Matthew - good for you! Two positive RNSs. Nice to see the rig booked for two wells. June spud is just fine! It is time to appoint a grown-up broker. Bigger brokers have more credibility with institutions, Furthermore, there should be some excellent research which will further the cause and could lead to hefty buying. Even if ECO raise some funds with a further offering I think it will be a positive for the share price. Ahead of any placing, Stifel and Berenberg will take Gil around the city to tell the story to fund managers. Many of them will not have heard of ECO before. Not only is the story a good one to tell, it will be told well. I would expect the shares to rise on anticipatory buying by some funds AHEAD of any placing, I'm expecting an exciting ride here this year (FWIW I'm a former number 1 rated City oil analyst).
06/2/2019
17:48
maccamcd: a note from the broker Pareto Securities: It Just Gets Bigger and Bigger! Earlier today, ExxonMobil announced two more discoveries on the Stabroek block, offshore Guyana. It is estimated that so far more than 5bn barrels of recoverable oil have been discovered on this block. There is also a great deal of prospectivity yet to be tested including prospects on the neighbouring blocks. We highlight the junior explorer, Eco Atlantic, as an attractive investment opportunity for those investors looking for a leveraged exposure to the Guyanan exploration fairytale turned to reality case. We have a BUY rating on Eco Atlantic with a GBp 120 target price. Impact: POSITIVE Details: · Tilapia-1 and Haimara-1 wells, in southeast of Stabroek Block are the 11th and 12th discoveries. · Add to recently updated estimate of the discovered recoverable resource to more than 5bn boe. · Tilapia-1 is the fourth discovery in the Turbot area that includes the Turbot, Longtail and Pluma discoveries. · Tilapia-1 encountered ~305ft of high-quality oil-bearing sandstone reservoir and was drilled to a depth of 18,786ft in 5,850ft of water. The well is located ~3.4 miles west of the Longtail-1 well. · Haimara-1 well encountered ~207ft of high-quality, gas-condensate bearing sandstone reservoir. The well was drilled to a depth of 18,289ft in 4,590ft of water. It is located ~19 miles east of the Pluma-1 discovery and is a potential new area for development. · ExxonMobil has also commented that there is potential for at least five FPSOs on the block producing >750,000 boe/d by 2025. · Eco Atlantic has a 15% W.I. in Orinduik Block that lies west of Stabroek (Exhibit 1). · The nearest Stabroek oil discovery to the block boundary with Orinduik is Hammerhead-1. · Orinduik’s operating partner, Tullow Oil, guided in its last CMD that: “it is highly likely that Hammerhead-1 discovery extends into the Orinduik block”. · Initial 2019 Orinduik drilling plan has been approved by the partners, with the first exploration well to be drilled late May - early June 2019, on the Jethro-Lobe prospect, which is estimated by the company to hold 250 mmbbl of gross prospective resources with a CoS of 44%. · Partners are also finalising synergies of drilling at least one more well in 2019. Conclusion: A commercial success on Guyana would be a company making event for Eco with a possible ~3-4x upside to the current share price (GBp68) on our estimates, assuming a de-risked recoverable volume range of 230-670mmbbl. Eco Atlantic is an exploration-focused company with attractive and potentially high-impact exploration prospects offshore Namibia and Guyana, in our view. As a pure explorer the company is a high risk investment proposition. However, with its available funding and 2019 catalysts, we consider the company as an attractive investment on a risk-adjusted basis, and a strong addition to a balanced portfolio. We re-iterate our BUY recommendation with a GBp120 target price.
01/12/2018
21:54
jaknife: Can I just quickly throw an idea out there - ECO's share are hopelessly over valued. Would anyone like to tell me why I'm so hopelessly wrong? The market cap is £74m but I can only identify assets of circa USD 28.5m. Taking Orinduik, for example, ECO have just received $12.5m for selling 25% to Tullow. Which means that the remaining 15% that they hold is worth a mere $7.5m by reference to that deal. Cooper Block looks like it's worthless - Tullow walked away. Add in ECO's cash and convert to sterling and I reckon that the share price is three times the value of the assets. So a clear and obvious short because once the shareholders wake up to reality, the price will plummet! JakNife
28/6/2018
16:12
maccamcd: One Junior, Two Company Making BasinsWith just over two months to the first 2018 exploration well spudding in the Walvis basin, offshore Namibia, and the recent report of yet another oil discovery on the Stabroek block, offshore Guyana, we are re-iterating our investment thesis for Eco Atlantic. This is a unique junior explorer with substantial exploration upside in both of these regions.  Impact: POSITIVEWe view the recent updates (since June 21st, 2018) including the eighth Stabroek oil discovery and Eco Atlantic's progress on its regulatory and permitting processes in Namibia as positive for the company. However, these don't appear to have made an impact on Eco Atlantic's share price, which at the last close of GBp30 is down by 6% over the last week. In our opinion, this weakness presents an attractive buy opportunity ahead of the upcoming, potentially high impact catalysts.Details:·   ExxonMobil announced the its eighth significant oil discovery (Longtail) offshore Guyana on June 21st, 2018·   The Longtail-1 well was drilled on the Stabroek block, which is adjacent to and down-dip of Eco Atlantic's Orinduik block (current 40% W.I.)·   The well intersected 78 metres of oil-bearing sandstone reservoir having been drilled to a depth of 5,504 metres in a water depth of 1,904 metres·   Also, Eco Atlantic has announced that it has been granted an extension on its Tamar block (PEL 50) offshore Namibia, having successfully completed its work commitment and that is has commenced the public hearing process ahead of the drilling planning for its Osprey prospect in PEL 30, Namibia, which we expect could spud in Q2-Q3/19·   Osprey is an ~880mmboe exploration target located in approximately 300 meters of water depthConclusion:Eco Atlantic is an exploration-focused company with attractive and potentially high-impact exploration prospects offshore Namibia and Guyana, in our view. As a pure explorer the company is a high risk investment proposition. However, with its available funding and 2018-2019 catalysts, we consider the company as an attractive investment on a risk-adjusted basis, and a strong addition to a balanced portfolio. We re-iterate our BUY recommendation with a GBp95 target price.
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