Eco (atlantic) Oil & Gas Share Discussion Threads

[ifthecapfits] 03/7/2022 16:01

The biggest risk for eco is a poster on advfn? I don't think so. If you believe that then.....Good luck.

[stockport loser] 03/7/2022 13:39

The biggest risk for ECO is Pro is in, hes the kiss of death for anything he touches.Hopefully he sells out on spud or its going to be tough.

[pro_s2009] 03/7/2022 12:20

Wonder if that 10.84m trade on Friday at 30p clears the overhang......... We will see this coming week.

[mr hangman] 01/7/2022 17:18

Yep, I would imagine more to come next, any sniff of a farm in with a major in S Africa or Namibia and we will be well into the 30s hope you are enjoying your holidays Chris

[theblackbaron] 01/7/2022 16:45

Impressive day considering 10 bagging would be nice from podcast buy that island to retire too

[pro_s2009] 01/7/2022 08:06

There are rumours that the recent increase in the 3B/4B license area is because a Major Oil Company wants to farm in. So there is repositioning going on, before a farm out occurs which is rumoured will result in a free carry for 2 exploration wells in 2023.

So ECO increasing, then it will decrease again as part of the farm out and ECO get 2 free carries on 3B/4B drilling when a major farms in.

Lets hope this rumour is true.....wait a few months and see. The license area's they have are "hot property" and big boys with big bucks to spend are wanting exposure.

[pro_s2009] 01/7/2022 02:39

I like how Gil says success at Gazania-1 is a 10 bagger at the current share price..... Would be nice

[pro_s2009] 30/6/2022 17:32

A new audio interview with Gil.



Dr. Michael Green, resources analyst at Align Research, interviews Gil Holzman, CEO of Eco Atlantic Oil & Gas

Key questions posed:

1 – Matters have been active at ECO in recent weeks, talk us through the rationale behind the JHI deal cancellation and the new cash raise announced on Monday

2 – You seem to have landed fantastic exposure re the Namibian and SA fields given recent finds by majors – what CoS do you put on the upcoming Gazania drill?

3 – Why do you think despite the plethora of broker notes highlighting the undervaluation of ECO that the shares continue to trade at a derisory level?

4 – What are plans offshore Guyana for 2022/23 given it is near 3 years now since the “heavy oil” announcement? Why is it not profitable to develop and pump given current oil prices?

5 – How do you see the news landscape for shareholders panning out during the balance of 2022?

6 – What is the endgame for ECO shareholders on an 18 month – 2 year view?

[pro_s2009] 30/6/2022 16:39

Indeed.....new Video.

Interview with Gil





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[mr hangman] 30/6/2022 15:13

Dilution City, more like

[pro_s2009] 30/6/2022 14:54

I do sometimes.... All depends...

[sos100] 30/6/2022 14:33

Amazing comment Pro because you don't seem to hang on for the drill results :)

[pro_s2009] 30/6/2022 08:47

Dont invest in oil and gas exploration stocks if you are scared of dusters...................

[the monkster] 30/6/2022 08:35

....and if Gazania throws up fairy liquid ?....which it could easily do.

[pro_s2009] 30/6/2022 06:49

Berenberg Bank reiterated their buy rating on shares of Eco (Atlantic) Oil & Gas (LON:ECO – Get Rating) in a research note released on Tuesday morning, Digital Look reports. The firm currently has a GBX 125 ($1.53) price target on the stock.

[pro_s2009] 30/6/2022 04:33

In other words.......big boys want to be able to get in on the oil price boom and the dividends and free cash flow of oil companies, so now, oil and gas investment is ok again.

Get ready for the funds to start piling back into oil and gas producing and exploration stocks........




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[jimarilo] 30/6/2022 00:01

Discount city .....Just under £7m M/cap and TRP will be an oil producer long before Eco

Cameroon, Namibia and South Africa .........all adjacent to the majors

[pro_s2009] 29/6/2022 16:30

The upcoming and highly anticipated Gazania-1 well has the potential to create significant value for both investors and South Africa

28 June 2022 Analene Enslin Erik Meyer

The Gazania-1 new-field wildcat is targeting the up-dip extension of the proven 1988 Soeker oil-bearing A-J 1 discovery, located within the Orange Sub-basin. The discovery well encountered lacustrine sandstones with fair reservoir quality, exhibiting porosities between 10-15%. Although deemed sub-commercial, A-J 1 proved the presence of a working oil-prone hydrocarbon system within the A-J graben, significantly de-risking the Gazania prospect and the overlying Namaqualand prospect.

Upside potential to the Gazania prospect is found in an overlying, separate package of fluvial-deltaic sandstones of the Namaqualand prospect. Both prospects rely on an updip trapping geometry where the sandstones pinch-.......................

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[pro_s2009] 28/6/2022 09:15

WHI oil outlook from the PANR note today. Says what I have said.....the Alkaid-2 well results will be into a strong oil price and outlook, right in Hurricane season and storming upwards oil prices. Also applies to I3E/EOG Serenity well results and ECO and Gazania-1 well results :


WHI Near-Term Oil Price Outlook: We believe that 2Q 2022 has seen the kitchen sink of bearish news thrown into the oil market: lockdowns in China, central bank tightening, strategic petroleum releases from the US Government's reserves and from strategic OECD governmental partners, combined with only very limited energy sanctions imposed on Russia over the period “ the oil market has remained tight nevertheless and oil prices have been either in a lull or range-bound.

We expect that to change in 3Q 2022 and 4Q 2022. Why? In addition to the possibility of supply constraints from sanctions on Russia, and more speculatively from Hurricane risks in the US Gulf of Mexico, our thinking is aligned with that of OPEC: The July 14th 2022 Monthly Oil Market Report published by OPEC forecasts quarter-over-quarter oil demand will shrink by 840 kb/d in 2Q 2022, followed by demand growth of 2,300 kb/d in 3Q 2022 and then by further demand growth amounting to 1,900 kb/d of oil in 4Q 2022 – very bullish.

We therefore anticipate Alkaid#2's results will be announced into a more bullish oil market compared to prevailing market conditions.

[pro_s2009] 28/6/2022 01:02

With link - Malcys comment :



.....This is very important deal for Eco Atlantic, it shows just how important South Africa is for the company and that Africa Oil and a small coterie of South African investors and done at a premium to the market price. But much more important in my mind is that to me Blocks 3/b and 4/b are like gold dust and here’s what CEO Gil Holzman said about the deal

My belief that this is the right call follows on from the recent success by Shell at Graff-1 and by Total at Venus 1-x in the spring. At the time the Shell discovery was estimated as a 2bn barrel find whilst WoodMack suggested Venus had 3bn b’s and could produce at some 250/- b/d.

Since then Shell have apparently drilled to appraisal wells and whilst they are both tight, word on the street is very positive at least from the first drill. If the 3/B and 4/B region is up to best standards then industry watchers are suggesting as much as 7bn barrels there with all that entails, and Eco have yet to drill the Gazania-1 well very shortly.

Every single major is knocking on this particular door, with Shell and Total already there and Exxon and Chevron rumoured to be in the area with the cheque book open. This makes the finding, and closure of this deal to be a spectacular success for Eco, the very thought of what a farm-out might look like makes me feel giddy.

Whilst there is never anything remotely certain in this business I think that as the time comes for 3/B and 4/B to be drilled Eco shares may have increased by c.5X +...........

[mr hangman] 27/6/2022 20:25

Well Manicat, Namibia is where ECO's biggest opportunity is, it's a bit like going to a restaurant some shareholders have a bowl of soup for starters, we are having a lobster and a few oysters, before the main course turns up