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Looking forward to the buyer turning up. Fells like they might start to let this go.
Bocasefarm.....for every buyer there's seller! Depends whether your broker hit a price posted or whether posted and got hit....
Https://energycapitalpower.com/namibia-independents-exploration-niec-ecp/
Https://x.com/ecoatlantic_og/status/1783447393981059332?s=46&t=tlq1Bm3_53631l-uJoA5lQ
The buying has been strong for days, if this continues we might see much bigger jumps in share price as the supply gets squeezed. Why would you sell now? I emailed the company but didn’t get much back other than still in talks with IOCs.
I think news may be imminent? I hope so :)
I expect 20-25p on a farm out, 40p+ on spud, followed by a slow rise as we get closer to total depth.
I’ve never seen such strong consistent buying move the share price up so slowly.
Looks like the hot stock of the day!
Didn’t we have a pension fund take 3% 🙂
Great to read about the GALP discovery. Namibia is the new Guyana for sure !
I suspect 3B/4B will get its first drill within 12 months or less. The block is on trend with all of the recent Namibian discoveries. CoSmust be high.
Any farm outs in the Walvis Basin will be a big bonus as we are in frontier exploration in that geography.
As for Orinduik, it couldn’t be XOM, could it ? I understand that is the very strong preference for Eco but other bids have more value.
10p will become 20p and 40p during any well drilling. A commercial discovery and all bets are off !
Not one for pension funds or orphans but there are not many better risk / reward options out there.
Looks like its a 10b discovery club out there! Can see the global expo resource in Namibia/SA in time. Be good when Walvis opens up.
We've got "significant interest" in our FOUR Namibian blocks & are farming out our Guyana block.
That's potentially FIVE farm out deals to be announced within the next few days/weeks/months. And possibly some drilling action shortly after.
As Bridgedogg1 said, this should be well over £100m mcap soon - at least 150% profit.
I've doubled my holding this morning :)
Don’t see why this shouldn’t be over £100m mcap with another farm out.
Hopefully up they go. Hold 10p then who knows.
I'm building on stake as think the next 12-18 months have enormous potential. Great work by the team who remain very open to dialogue and an exemplar in that regard.
Or another farm in for 20% of >1bn barrels
Company confirmed they are in discussions with multiple IOCs. Maybe word is getting out.
Confirmed drilling timescales, seems that a farm in isn’t sufficient to ignite a share price, the market wants transparency on the drill dates.
Nice block buys as well. Maybe another TR1 before long.
Good Old Malcy to stoke the fire and put us out there again.The buys are slowly rolling in again. Hopefully we should hear from Gil in the coming weeks with more good news and give the SP a proper lift. Its building to be a vey interesting year fro Eco.
Yes for Orinduik. We are contractually obliged to drill another exploration well by end of Q1 2026. The target is the Southeast of the block near adjacent blocks light oil discoveries.
We should see another major farm-out deal fairly shortly. Weren't we in discussion with 9 companies at the end of March?
Mommur put it nicely " life changing money".
Yes looks like Mopane area is a proper Elephant, could be a worlds largest some say! If it is on trend with 3B/4B then its more than a company maker for us, not sure what word or description you would use?
There is also another, and potentially significant gainer from these discoveries as Mopane is believed to be on-trend with the 3B/4B licence in the Orange Basin in South Africa where Eco Atlantic have a substantial holding and has recently announced a farm-down to TotalEnergies and QatarEnergy which I am expecting to complete soon. After that I expect drilling to commence on the block, Eco are really in the pound seats here and although the shares have yet to go up by the amount that they should do yet, it must only be a matter of time before the shares rise hugely.
If you add to that the Shell Enigma-1 well is rumoured to be yet another barn-burner the region is buzzing with talk of oil finds from Namibia and South Africa. Indeed today is the opening day of the Namibia International Energy Conference where many industry executives are headed and you can see where the new levels of interest and participation are peaking.