Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 12/4/2022 06:03

When are we expecting Tullow to announce the Guyana drill targets for H1 2023 ? July ?

[jimarilo] 12/4/2022 04:08

Cross purposes ......8km step out was from Graff 1 to La Rona

[pro_s2009] 11/4/2022 17:57

Currently they are just gathering data....and determining which licences have the best oil before making a play to buy or farm in to them.

At this stage you don't give out too much information, you use it covertly to get your hands on the licenses with expected oil.

The gane is afoot.

[miti 1000] 11/4/2022 14:24

Pro or anyone else, what is your thinking on Total and Shell. Doesn't feel like they will be testing for commercial flow anytime before spudding for ECO .Feels more like they will just be evaluating and examining their data gathered. Do you agree ?

[p@] 11/4/2022 08:25

I am in while its less than offer price!

[chopsy] 09/4/2022 10:33

The elephants off Namibia are seen as higher risk, whereas the 2B block has a previous discovery in 1988. So not wildcat at all.

[chopsy] 09/4/2022 10:31

Just to clarify those net prospective resource figures, they do "not include the additional projects in Guyana that will (now have) come through Eco’s proposed acquisition of JHI Associates".

[jimarilo] 09/4/2022 10:02

According to Graeme Bagley, head of Global Exploration & Appraisal at Westwood, analysis suggests the Lower Cretaceous Venus play could potential cover an area of up to ~58,000 sq km (22,394 sq mi), comparable to the Upper Cretaceous offshore Suriname-Guyana. So a similar-scale oil province is possible assuming that the traps are present and the deepwater reservoirs are widespread and of sufficient quality.

All the prospective acreage appears to have been snapped up already under fiscal terms that reflect the basins’ high-risk frontier nature.



The link also highlights the difficulty of too much gas, which I don't think has been an issue in the Walvis Basin

[jungmana] 09/4/2022 08:42

hTTps://www.proactiveinvestors.co.uk/companies/news/977299/eco-atlantic-details-high-volume-high-impact-opportunities-offshore-guyana-south-africa-and-namibia-977299.html

[jungmana] 09/4/2022 08:40

- Guyana (Orinduik Block) - Net to Eco 681 mmbbls Oil and 544 BCF Gas· South Africa (Blocks 2B & 3B/4B) - Net to Eco 864 mmbbls Oil and 309 BCF Gas· Namibia (4 Blocks) - Net to Eco 6,705 mmbbls Oil and 6,565 BCF Gas

[jungmana] 09/4/2022 08:31

2 weeks old after the recently released CPR;hTTps://www.proactiveinvestors.co.uk/companies/news/977299/eco-atlantic-details-high-volume-high-impact-opportunities-offshore-guyana-south-africa-and-namibia-977299.html

[pro_s2009] 09/4/2022 01:27

If anyone wants more info on Gazania-1 well, and how its looks extremely promising, then have a look at this 2021 Africa Oil presentation.

Gazania-1 should stike oil, and possibly in very thick and good porosity reservoir.



.

[manicat] 08/4/2022 15:50

i believe the step out was a massive 8 kilometres

[jungmana] 08/4/2022 12:45

From yesterday

[hiddendepths] 08/4/2022 12:05

Yes, I bought a few more at 29.56. They're all buys at that price. What's the 800,000 sale at 29.11 all about?

[captain james t kirk] 08/4/2022 11:27

tbb
How far is the step out for this "appraisal well".

[ifthecapfits] 08/4/2022 10:11

My top up showing as a sell

[jungmana] 08/4/2022 10:00

Pro, yes am in i3e since the Liberator drills. Currently up near 100% there after averaging down a lot when the price was in the single digits.Bought in 80k shares so far here and intend to double that hopefully before the price takes off.

[pro_s2009] 08/4/2022 09:55

HD, yes, if the price falls below an oversubscribed placing price - you buy.

JM, I am sure there will be plenty of hype over Serenity, and EOG will benefit. If it were an investment better to have I3E, but for hype and a spike then EOG is the one to play pass the parcel with.

[jungmana] 08/4/2022 09:52

Pro, am in eog for the drill hype which should get the price to 4 -6p by spud.ECO is an investment with such big oil finds in that licence area recently.

[hiddendepths] 08/4/2022 09:43

Pro - I was happy enough to top up below the oversubscribed placing price too. I was mad about them using PrimaryBid, which nearly always smashes the share price, but as it gives us a chance to effectively participate in a placing in an ISA or SIPP by simply buying in the market, maybe I need to reconsider my hostility!

[pro_s2009] 08/4/2022 09:42

And given how I3E screwed up Serenity last time, and are happy to offload a big lump of it to EOG for little money........I think I prefer to be in ECO, or at least more weighted to ECO than EOG.

Serenity is a good prospect, however I fear I3E dont understand it too well, which is why as a cash rich company they are more than happy to farm it out to EOG.

They dont need to........so why are they ?

[jungmana] 08/4/2022 09:36

On the volume of trades over last few days the churn won't take more than 2 weeks from now imo. The dilution is just 28% and a lot of sticky major holders there.Eog recently did a 75% dilution and the share price is now 30% above the placing price after 2 weeks of admission. Eco and eog both drilling in September

[gooner1886] 08/4/2022 09:26

It will double from here i agree, just think there is going to be alot of churn

[pro_s2009] 08/4/2022 09:19

Will be around 60p to 80p on spud of Gazania-1 imo..........no brainer with back up that Guyana will see 2 or 3 wells in H1 2023.