Eco (atlantic) Oil & Gas Share Discussion Threads

[davwal] 27/10/2022 11:27

Hopefully not to help demob.

[dicko80] 27/10/2022 11:11

a lot of activity around the rig

UMKHUSELI is back

[mr hangman] 27/10/2022 10:25

Yes through in Granny the Falklands (E Ham) & Elephant Drunk, we would have a full house

[mr hangman] 27/10/2022 09:35

All eyes on the TSX opening.., this could get very intresting

[pro_s2009] 27/10/2022 09:20

248,747 Uncrossing Trade in the Auction and full offer price of 36p.

Nice to see, shows the buying demand is there.

[dicko80] 27/10/2022 09:04

nice little top up 250k

[pro_s2009] 27/10/2022 08:19

As Canada closed at 38p we can likely see the MM's just gradually lift the price up and down in London today and get as many sells as possible......and then as if by magic it will move up to near 38p as 14:30 arrives and Canada opens.......

[2 solaris] 27/10/2022 08:18

Good start anyway, catching up with Canada.

[pro_s2009] 27/10/2022 08:05

Possible.

State of play at the moment

[dicko80] 27/10/2022 08:03

will we see 40p today

[pro_s2009] 27/10/2022 05:33

For valuations IF there is a discovery, this goes over them.



.

[pro_s2009] 27/10/2022 03:06

That email is interesting.........

So on Sunday 23rd email sent by Gil saying "in two to three weeks if we announce a sidetrack".........Email not verified.

Well......in the success case they would run wireline. And only after running wireline and then taking some time to "crunch" the data in the success case would they say whether they will sidetrack or not.

It might take them a week to reprocess all the data they have with the new data attained from logging to make a final decision to sidetrack or not.

The first RNS could be the well result......whats on LWD and moving ahead to Wireline or simple P&A nothing doing.

The second RNS if there were one a week later could be the wireline results, anlysis and "we are going to do a sidetrack.

Which would fit in with the email on 23rd which says "if we announced a sidetrack in two to three weeks"..........

Still basically looking for initial drill results next week imo, and the further update the week after.....

[pro_s2009] 27/10/2022 02:54

Decent rise in Canada.



0.6 CAD close...which is 38p

[jamesiebabie] 26/10/2022 21:03

250% increase over the normal volume.

[jamesiebabie] 26/10/2022 21:02

60c close on the TSX.

[dicko80] 26/10/2022 21:01

Up nearly 20% in Canada

Equivalent to 39p in UK

[dicko80] 26/10/2022 19:49

[...]

If successful and of sufficient size and quality to be developed, a likely scenario would involve a Floating Storage Unit (FSU) - produced gas would be re-injected and oil exported via tankers to Cape Town's Astron refinery. The refinery is due to restart in Q4 2022.

Africa Energy Corp (Partner in the group) estimates the targeted prospects to hold in excess of 350 MMbbls (35% within Gazania and 65% within Namaqualand).

At a conservative oil price estimate of $65/bbl, the minimum economic field size is estimated to be around 70 MMbbls recoverable, while a discovery in the region of 300 MMbbls is expected to have a Net Present Value (NPV) of ~ USD 1.6 billion.

With Brent Oil prices forecasted to remain above 90 USD/bbl for the next decade, a discovery of 300 MMbbls is expected to have an NPV above USD 3 billion and expected payback within 5 years.

The breakeven price (BEP) for a discovery of between 160 to 300 MMbbls remains below 45 USD/bbl, but the BEP increases dramatically below 160 MMbbls. This is attributed to the fact that even for a small field size with far fewer wells, the required OPEX to run the infrastructure at lower rates remain largely unchanged.

Should Gazania-1's findings be a success, the positive economics point to a relatively low-risk project for which FID is expected to follow soon after.

[davwal] 26/10/2022 19:45

I know, but I think 2-3 weeks in Gil-speak is probably 3-4 in most people's thinking.

[thenorseman2] 26/10/2022 19:05

In 2-3 weeks??

[stockport loser] 26/10/2022 18:41

If it is leaky I would expect it to dlice thru 36p and be pushing 40p tomorrow.

[dicko80] 26/10/2022 18:23

$0.58 in Canada equivalent to £0.37p here

Playing catch up here