Eco (atlantic) Oil & Gas Share Discussion Threads

[thenorseman2] 06/10/2022 15:03

If you scroll down on the page below you can see how quickly we drilled in the North Falklands basin. After 10-15 days we were at 2000-2500 meter! This was with the old Ocean Guardian rig.So rumours of a find or not in the shallowest prospect Namaqualand at 2070m could start sooner then you might think!Then we had Marlonmonkey and the other experts on iii to explain to us what was happening. Amazing times (bar the Desire Petroleum oil-to-water debacle)https://www.drillingcontractor.org/case-study-planning-enables-remote-area-drilling-campaign-22980

[pro_s2009] 06/10/2022 14:30

Well nobody is going to be pumping or ramping this one chap.......

Its now all about the drill bit........binary good or bad.

Some people have balls - they are holding long waiting for good news.

Others dont have balls - they have either sold out in part or fully - and now want the share price to stay low so they can buy back at the lowest price after any good news - or scream how clever they were to sell out on bad news.


So its binary - good or bad - balls or no balls.


(Plus of course all the "I am long/sold out before" hindsight posters who are completely quiet now but will be posting very much after good/bad news comes.)

And then of course, all the usual resident muppets who will be posting after bad news that this has been ramped and pumped......even though it has not.....but that does not stop em...... LOL :)

[oapknob1] 06/10/2022 12:15

MMs keeping it down. Want this to rise

[oapknob1] 06/10/2022 11:46

Placees at 30p fingers on the buttons

[badders1] 06/10/2022 11:34

That may or may not be true but unless you want to sell for a few pence profit who the hell cares

[oapknob1] 06/10/2022 11:29

MMs won't take this over 35p in fear of a flood of sells.

[pro_s2009] 06/10/2022 08:53

3.3 million on Omega........strange.

[ih_550969] 05/10/2022 18:09

Someone in Canada really wanted some shares. hxxps://www.stockwatch.com/Quote/Detail?C:EOG

[pro_s2009] 05/10/2022 12:26

Dont forget ECO has 50%....not 100%.

[ride daice] 05/10/2022 12:16

My calcs are as follows

250M to ECO @$5 = $1250
$1250 = £1096
Shares in issue = 344M
318p

[manicat] 05/10/2022 11:27

we wont hear anything now until total depth or they have problems drilling the well

[oapknob1] 05/10/2022 10:49

Spud update end of week or next week ?

[pro_s2009] 05/10/2022 09:39

From Stampeder on Stockhouse.

Great summary - thought I would add my high-level calculations of the value of a finding.

Size of Finding__Price/BBL_____Value________ % Interest ____Value per Share

100,000,000_____ 5.00____ 500,000,000________ 50___________ 46p
150,000,000_____ 5.00____ 750,000,000________ 50___________ 69p
200,000,000_____ 5.00____ 1,000,000,000______ 50___________ 92p
250,000,000_____ 5.00____ 1,250,000,000______ 50___________ 115p
300,000,000_____ 5.00____ 1,500,000,000______ 50___________ 138p
350,000,000_____ 5.00____ 1,750,000,000______ 50___________ 161p
400,000,000_____ 5.00____ 2,000,000,000______ 50___________ 184p
450,000,000_____ 5.00____ 2,250,000,000______ 50___________ 207p
500,000,000_____ 5.00____ 2,500,000,000______ 50___________ 230p


So at 5$ a barrel in the ground - top level 500M barrels recoverable discovery worth to ECO 230p a share.

[thenorseman2] 05/10/2022 09:24

7km I think they said

[mynameiskhan] 05/10/2022 08:52

How far this well is from discovery well ?

[pro_s2009] 04/10/2022 23:49

With link :



......Eco (Atlantic Oil & Gas)

At an Eco hosted industry event yesterday I saw a number of the key people in the fast-moving hydrocarbon landscape, a tribute to them was that anyone who is anyone around here turned up. The South African Government is as keen as could be to support those companies exploring in the area and here and in Namibia companies from Eco through Africa Oil and of course the likes of Total, Shell and Exxon were represented as well as latest joiner in Chevron.

Chevron finally confirmed the secret that even made yesterday’s blog by announcing that it had acquired block 2813B in the hydrocarbons rich Orange Basin offshore Namibia adding to the excitement in this part of the world.

I was lucky to be given an exclusive interview with Gil Holzman, CEO of Eco Atlantic this morning after the announcement of the Gazania well spud and clearly he is very excited, as he should be as the well is targeting some 300m barrels of oil of which they have 50%.

Success here would indeed be a company maker, I don’t need to do the maths for you but you just need to know that for a straight up exploration well this has some significant appeal, especially to the hydrocarbon short countries down here where upstream projects have been few and far between but which recently have had kicked in. This well is in shallow water and close to the shore, any discovery here would be able to be brought onstream very quickly and be the first upstream project in Southern Africa for some time.

Finally, the well is near an existing, modest discovery, the AJ-1 Discovery Well on the block, which proved approximately 50 million barrels of contingent resources, another find here would justify all the hard work and faith exhibited by such leading industry players.

As I said this is a game changing well which shareholders will receive a magnificent reward should it come in, what is for certain is that with other prospects such as with Africa Oil there are many other plays for Eco and its partners in this vibrant, excited part of the world.

So, be excited, think of 50% of 300m bbls and compare it with the current market cap of £150m, if this well comes in that will be dwarfed.

[oapknob1] 04/10/2022 22:23

Even Canada won't take this over 35p. Current 54cents. Why is that?

[thenorseman2] 04/10/2022 18:08

Should be 50% of 350 million barrels I think as the 50 million is not defined as a contingent resource yet as on its own is too little to develop. Hence not in the share price yet. If we hit on Gazania well though the 300million will be 350millon barrels contingent (after appraidsl wells etc)

[davwal] 04/10/2022 18:01

I hope the caterers were prepared for Malcy turning up...

[chessman2] 04/10/2022 17:59

Thanks for posting that lt.

It sounds extremely encouraging and there are assets in Guyana to consider as well.

IMO the future looks bright here.

[ltinvestor] 04/10/2022 17:13

Malcy….
At an Eco hosted industry event yesterday I saw a number of the key people in the fast-moving hydrocarbon landscape, a tribute to them was that anyone who is anyone around here turned up. The South African Government is as keen as could be to support those companies exploring in the area and here and in Namibia companies from Eco through Africa Oil and of course the likes of Total, Shell and Exxon were represented as well as latest joiner in Chevron.

Chevron finally confirmed the secret that even made yesterday’s blog by announcing that it had acquired block 2813B in the hydrocarbons rich Orange Basin offshore Namibia adding to the excitement in this part of the world.

I was lucky to be given an exclusive interview with Gil Holzman, CEO of Eco Atlantic this morning after the announcement of the Gazania well spud and clearly he is very excited, as he should be as the well is targeting some 300m barrels of oil of which they have 50%.

Success here would indeed be a company maker, I don’t need to do the maths for you but you just need to know that for a straight up exploration well this has some significant appeal, especially to the hydrocarbon short countries down here where upstream projects have been few and far between but which recently have had kicked in. This well is in shallow water and close to the shore, any discovery here would be able to be brought onstream very quickly and be the first upstream project in Southern Africa for some time.

Finally, the well is near an existing, modest discovery, the AJ-1 Discovery Well on the block, which proved approximately 50 million barrels of contingent resources, another find here would justify all the hard work and faith exhibited by such leading industry players.

As I said this is a game changing well which shareholders will receive a magnificent reward should it come in, what is for certain is that with other prospects such as with Africa Oil there are many other plays for Eco and its partners in this vibrant, excited part of the world.

So, be excited, think of 50% of 300m bbls and compare it with the current market cap of £150m, if this well comes in that will be dwarfed.

[oapknob1] 04/10/2022 16:22

I hold Pro. When does the warrant churn start ? Already underway ? 33p strike is it.

Great news for the share price if there is a successful drill. Take profit when you are happy. Don't believe the "Long n strong" posters. "Holding all the way even if its a duster" Yeah sure you are.

Gamble if you want or derisk before TD or bank, just don't be left holding the bag if it's an unsuccessful drill and the Broker pump accounts who are "Long n strong" are off on the next one.

Good luck to the PI's here.

A total of 33,406,531 new common shares in the capital of the Company ("Common Shares") and 33,406,531 warrants to subscribe for Common Shares have been conditionally placed with, or subscribed for by new and existing institutional investors

[chessman2] 04/10/2022 12:56

Including news for JOG, I hope.

As you say, always check volumes and price spikes as they give a good indication of the future.

In the meantime I’m sure ECO has a great future as well!! I’m holding a shedload here