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ECO Eco (atlantic) Oil & Gas Ltd

9.70
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 9.70 0.00 07:46:04
Bid Price Offer Price High Price Low Price Open Price
9.50 10.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Blank Checks USD USD -21.14M USD -0.0571 -3.33 35.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 9.70 GBX

Eco (atlantic) Oil & Gas (ECO) Latest News

Eco (atlantic) Oil & Gas (ECO) Discussions and Chat

Eco (atlantic) Oil & Gas (ECO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-10 16:35:269.7034,9993,394.90UT
2024-12-10 16:22:059.7035,0003,395.00O
2024-12-10 16:11:209.854,500443.43O
2024-12-10 16:09:119.894,500445.05O
2024-12-10 15:54:329.8530,0002,956.20O

Eco (atlantic) Oil & Gas (ECO) Top Chat Posts

Top Posts
Posted at 10/12/2024 08:20 by Eco (atlantic) Oil & Gas Daily Update
Eco (atlantic) Oil & Gas Ltd is listed in the Blank Checks sector of the London Stock Exchange with ticker ECO. The last closing price for Eco (atlantic) Oil & Gas was 9.70p.
Eco (atlantic) Oil & Gas currently has 370,173,680 shares in issue. The market capitalisation of Eco (atlantic) Oil & Gas is £70,332,999.
Eco (atlantic) Oil & Gas has a price to earnings ratio (PE ratio) of -3.33.
This morning ECO shares opened at -
Posted at 07/12/2024 13:52 by mick_oi
TROVE News (by 1st Subsurface): hxxps://youtu.be/smgvg8cTlTE?si=1-kAdXqLP3xIhfvu

25 minute movie, not Eco specific - regional news/subsurface general info.
Posted at 28/11/2024 17:27 by gooner1886
I was an investor in Eco in 2020 when they found the heavy oil, although it did 100% plus on the find.It now looks interesting for next year at these levels but patience willBe needed. Been to quiet last year or so. Gil does need to get his finger out.
Posted at 28/11/2024 13:45 by ifthecapfits
hxxps://www.proactiveinvestors.co.uk/companies/news/1061589/eco-atlantic-oil-gas-boss-says-explorer-is-well-placed-to-land-partners-and-advance-projects-1061589.html
Posted at 27/11/2024 17:29 by bocase
Malcy's take on todays announcement:

Results here are of no significance, for Eco its excitement is all about the trading of its assets, the big farm-out of 3b/4B has brought in plenty of cash with more to come next year whilst incoming acreage included Block 1 and outgoing of Block 2B.

The company say that discussions are ongoing in Guyana where there should be a great deal of upside, the proof of the pudding, as they say…

Eco is one of the most attractive stocks in the bucket list with a smart management using its portfolio to the full, once it all fires together the potential upside should be huge.
Posted at 29/7/2024 16:44 by bocase
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.
Posted at 14/5/2024 19:08 by gisjob2
Re: Orinduik, The offering from ECO is much simpler now with Tullow gone and ECO happy to retain just 15-20%. Gil has already mentioned 9 or 10 expressions of interest from potential partners. Personally, while a Major like Exxon Mobil would be great, I'd be almost as happy with a mid-tier company as long as the deal was good and the partner could fund the drilling of a deeper well or two. Enough to see what's really there.

Re: Walvis Basin, Chevron may not have chosen ECO's blocks but the ECO's blocks surround Chevron's block of choice, so any success will make ECO's blocks extremely desirable, also Chevron may decide to increase their footprint in time. It's a hot area to have a few blocks in. Also worth mentioning that ECO's Walvis Basin blocks need seismic so maybe this deterred Chevron a little, does their newly acquired block have 2d/3d seismic ?

I believe that the Orange Basin 3b/4b block is ECO's best chance of drilling success and should be before Namibia Walvis Basin anyway.
Posted at 01/5/2024 05:10 by here and there
From Galp's results yesterday,

"The exploratory activities identified significant oil columns containing light oil in high-quality reservoir sands and confirmed a lateral

extension of one identified target. The reservoirs log measures confirm good porosities, high pressures and high permeabilities in

large hydrocarbon columns. Fluid samples present very low oil viscosity and contain minimum CO2 and no H2S concentrations. The

flows achieved during the well test have reached the maximum allowed limits of 14 kboepd, potentially positioning Mopane as an

important commercial discovery. In the Mopane complex alone, and before drilling additional exploration and appraisal wells,

hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher"

And now Chevron is the first major to farm into the Walvis Basin. Eco's blocks surround PEL82. ECO's blocks have had tens of millions of dollars spent on them on seismic acquisition working up drilling targets.

So, ECO has farmed out 3B/4B to Total , has a free carry and will harvest plenty of cash along the way. ECO has got over ten companies in the data room re. Orinduik farm out, 3/4 serious contenders will offer deals. Now Namibia is seriously in play.

Multiple huge discoveries in the region. Venus, Graf , Mopane. Many tens of billions of BOE. Chevron has just farmed into the Walvis. ECO has the most acreage there.

By year end , three farm outs in place with majors. Visibility on drilling on all our assets.

ECO hit a market cap of £360m back in 2019 on the Guyana discoveries, no reason they cannot get that kind of valuation again.
Posted at 07/3/2024 16:30 by gisjob2
Can't believe the share price reaction today. While I can understand the intial disappointment about the retained share after the farm-out, it's fully carried and will generate staged cash payments for the company. Total are the company of choice in the area and on a successful drill result ECO could be sitting on a small share of a very large resource. The hope is for the drilling to commence around year end (possibly best to allow a small delay) which will surely increase the share price on anticipation of any success.
I see this as securing ECO's near term future prior to farming out Orinduik and Namibia.

I can't quite believe that the share price is around the same as before the RNS yesterday, Eco seems in a much better place today than last week.
Posted at 06/3/2024 17:48 by bocase
Malcy's take on the Farm In.

This too is a very good deal, a strategic fit if ever there was one which leaves Eco in a very strong position in South Africa with Total and Qatar as partners. Indeed as partners Total fit the bill down to a T, they have immense knowledge of the petroleum system, are involved in blocks 5,6 and 7 as well as deep water blocks and now have two rigs of its own in the area one of which is earmarked for the Orange Basin.

This is the biggest deal Eco has done, a great deal of money brought in in a number of payments including the spud of an exploration well and more importantly a full carry of all its JV costs repayable from production. But this is a smart deal in more than one way than one, with its 6.25% Eco will be in a very strong position in one of the best post codes in international oil exploration.

The 4 billion barrels in the CPR mean that even 6.25% of that really ‘moves the needle’ in any valuation of Eco, they are kushti in that after any discovery and payback they have the put and the call. My guess is that Qatar would buy more of the block so would be a natural buyer at a premium or Eco could just hunker down and watch the value rise.

Once this has been done Eco have the small matter of their acreage in Namibia to farm-out and with the interest locally interest may be substantial. Finally the company are doing a formal farm-out process with regard to their Orinduik block in Guyana where current interest is also very keen.

Eco shares are up very modestly today, it will take a while for the market to work out quite how valuable they are after this deal and I’m sure that will come with time, they stay in the bucket list out next week.
Posted at 22/1/2024 08:03 by mick_oi
Orinduik License Operational Update

As Operator, Eco Orinduik BV, gave notice to the Minister of Natural Resources of the Cooperative Republic of Guyana ("MNR") to enter the Second Phase of the Second Renewal Period of the Orinduik Licenseeffective as of 14 January 2024. This Second Phasehas a commitment to drill one exploration well to the Cretaceous formation during the remainder of the license period which ends on 13 January 2026. Further, Eco advised MNR last week that TOQAP Guyana B.V (the SPV joint entity held by TotalEnergies and QatarEnergy 60:40) hasrelinquished their 25% WI for strategic reasons and will not participate in the next phase, the former TOQAP Guyana B.V 25% WI will be assigned to Eco Guyana. Subject to the requisite government notifications, Eco will remain the Operator holding 40% WI in Orinduik License as Eco Guyana and 60% WI as Eco Orinduik BV.

hxxps://polaris.brighterir.com/public/eco_atlantic_oil_gas_plc/news/regulatory_news/story/rmkqn5w
Eco (atlantic) Oil & Gas share price data is direct from the London Stock Exchange

Eco (atlantic) Oil & Gas Frequently Asked Questions (FAQ)

What is the current Eco (atlantic) Oil & Gas share price?
The current share price of Eco (atlantic) Oil & Gas is 9.7p.
How many Eco (atlantic) Oil & Gas shares are in issue?
Eco (atlantic) Oil & Gas has 370,173,680 shares in issue.
What is the market cap of Eco (atlantic) Oil & Gas?
The market capitalisation of Eco (atlantic) Oil & Gas is GBP 35.91 M.
What is the 1 year trading range for Eco (atlantic) Oil & Gas share price?
Eco (atlantic) Oil & Gas has traded in the range of 7.85p to 16.25p during the past year.
What is the PE ratio of Eco (atlantic) Oil & Gas?
The price to earnings ratio of Eco (atlantic) Oil & Gas is -3.33.
What is the reporting currency for Eco (atlantic) Oil & Gas?
Eco (atlantic) Oil & Gas reports financial results in USD.
What is the latest annual profit for Eco (atlantic) Oil & Gas?
The latest annual profit of Eco (atlantic) Oil & Gas is USD -21.14M.
What is the registered address of Eco (atlantic) Oil & Gas?
The registered address for Eco (atlantic) Oil & Gas is 7 COULSON AVENUE, TORONTO, ONTARIO, M4V 143.
What is the Eco (atlantic) Oil & Gas website address?
The website address for Eco (atlantic) Oil & Gas is www.ecooilandgas.com.
Which industry sector does Eco (atlantic) Oil & Gas operate in?
Eco (atlantic) Oil & Gas operates in the CRUDE PETROLEUM & NATURAL GS sector.