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ECO Eco (atlantic) Oil & Gas Ltd

10.75
0.00 (0.00%)
10 Feb 2025 - 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% 10.75 104,163 07:30:14
Bid Price Offer Price High Price Low Price Open Price
10.50 11.00 10.75 10.75 10.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Blank Checks USD USD -21.14M USD -0.0571 -3.33 39.79M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:38:40 O 7,525 10.80 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
11:38:4010.807,525812.70O
09:32:2710.677,695820.67O
09:29:5210.673,000319.95O
08:15:3610.6685,9439,164.10O

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

Top Posts
Posted at 10/2/2025 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 10.75p.
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 10.75p
Posted at 05/2/2025 18:10 by gisjob2
When 3b/4b was farmed out to Total, Gil originally suggested it was likely to be drilled by the end of this year, so a bit of slippage there.

We still have the Orinduik & Walvis Basin farm-outs to look forward too but again Gil was implying completion of the farm-out on Orinduik before the end of last year so again a delay.

Progress for ECO does seem to be a bit glacial which is why investors are loath to get involved when they can make money elsewhere in the meantime. I do admit that the last deal to reduce the shares in issue by 16% was a great bit of business though. If the shares drop below 10p again I may look to buy a few more on the off chance Gil gets one of the two farm outs over the line this year. We can always hope!.
Posted at 16/1/2025 14:17 by jamesiebabie
Extrader - AOI is setting itself up for sale; removing ECO clears up some issues. AOI will also be removing their other small holdings elsewhere.
Posted at 16/1/2025 12:45 by gisjob2
Whatever your take, ECO still has almost the same direct interest in 3B/4B allowing for a 16% smaller amount of shares in issue. While 16% better off for future deals.

Why Africa Oil decided to do this is anyone's guess. It can only be positive for ECO.
Posted at 13/1/2025 16:03 by bocase
Malcy's extremely bullish take on today deal completion:

"So, the Eco deal with Africa Oil has completed and with it Eco swaps out a 1% stake in Block 3B/4B offshore South Africa to Africa Oil in return for its 16% in Eco which will now be cancelled. Eco remains with a still meaningful 5.25% in the play which is amongst the hottest in the area and which Total will be drilling this year.

I understand that Total is extremely bullish about the area and it is very high on its list of prospects worldwide and hence why it is imminent, the drilling programme is bristling with potential excitement and opportunity to move fast upon success.

Eco are poised, with the removal from their shareholder register of Africa Oil’s 16% and thus cancelled, to create uber value in its equity. To me it looks like a very smart, elegant and substantial buy-back and what is more the entire market cap is now the interest in 3B/4B, plus a massively exciting portfolio elsewhere which has huge upside and now has created much more value for shareholders after the share reduction.

As part of this deal Africa Oil lose their appointee to the Eco board and he is replaced by Emily Ferguson who is somewhat of a legend in the E&P industry. Recently with TotalEnergies she has what seems like a passionate following in particular some key leadership roles and has stood out as a mentor, leader and communicator, I’m sure she will be a great addition to the Eco board.

Eco will undoubtedly remain in the upcoming bucket List but I need to do some work on the Target Price which could and should be a very big number, this deal nails on value for shareholders, keeps Eco in possibly the best post code in the world right now and don’t forget its acreage in Block 1 in South Africa, Namibia and at Orinduik, indeed much excitement to come for Eco shareholders."
Posted at 13/1/2025 13:12 by gooner1886
https://www.proactiveinvestors.co.uk/companies/news/1064154/eco-atlantic-oil-gas-ceo-outlines-benefits-of-africa-oil-transaction-for-company-and-shareholders-1064154.html
Posted at 08/1/2025 17:19 by gisjob2
I think ECO is good value still, with farm outs on Orinduik & Walvis Basin to come and drilling close to ECO blocks happening over the next few months. I would guess we should also should get some idea of timelines for drilling 3b/4b in the next few months from Total.
All exciting should Gil get 1 or both farm=outs sorted out.
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 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 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 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 10.75p
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 39.79M
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

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