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I agree - I was always told it was best to buy the property in need of work with the most potential in the best road.
That analogy seems to fit ECO perfectly at the moment. Sit back and let the bids roll in.
What price ideal real estate in 2 of the worlds best oil expo postcodes?
Interesting the CEO quotes 78% success rate in the area. Wow put's Orange into perspective, rule of thumb normally 80%/20% other way.
Also highlights the strong position with Eco in 3D acquisition! Mega.
Another penny or Two today% who knows.
I cant read the artical :(
Could comfortably reach £1 before any drilling IMHO
Yep- looks like we are on our way... finally! 2024 Namibian drill dates next with Oriduik to swiftly follow-
Hold for the £1 party!
Total's quarterlies out recently. The huge Namibian discoveries are front and centre for their medium term growth. Fabulous partner for ECO to have.
We have had over ten in the data room for Guyana which is drill ready and 100% owned. Farm in coming.
Chevron have just farmed into the Walvis basin....ECO has the biggest acreage position there, well covered in 3D.....The Chevron move fills me with confidence that ECO will find a significant partner there.
2025 looks like being a very exciting year. All three assets farmed out and drilling?
Bargain. It closed at 14p in Toronto
Yes 13p for sell now
My broker struggled to get 50k shares on the bell, ended up having to pay over 13p.
This company is so Undervalued for the assets
Up to 10% on the open. 15p equiv. Let's hope it keeps it up!
Watch for the share price on TSX today!
Https://www.offshore-technology.com/news/azule-energy-namibia-block-acquisition/?cf-view
More big names joining the party.
Eco never answered my question why Africa oil got such a better deal in the farm out than us. I guess I shouldn’t have noted that out conercial manager who negotiated the deal for us actually works for Africa Oil.
Im not sure...
Until now the walvis basin was with 0 value to me.
After cheveron farmin we have 4 blocks in the basin all of them circleing pel 82 of cheveron...
I guess we are good candidate for the next farm in to the basin.
Im not sure that will happened but im sure that after cheveron deal the probebilty that will happend is more than before...
So now what we have?
Every new play find in the orenge basin is good to us..(3b/4b + 2b)
New discovery at the shellow water on the azula block can be good to 2b block... maybe it will give us new interperation.
Total drilling campgain in south africa can be very good for 3b/4b (de risk)
And every farmin in the walvis will be good for us + Xom Should start the drilling in the north in the namibia basin and i think its good for us too.
This is going to need something new to get us past the 12.5 hurdle i think
Its not directly Eco news but just in case you missed it.
https://www.youtube.com/watch?v=U4UlUXgC_M8
Glad to see a short pause as Still movingnfinds around to add here.
Once we break through 12.50 (which is proving difficult) its open ground to 16p.
Https://www.reuters.com/markets/commodities/exxon-shut-down-two-platforms-guyana-two-weeks-each-pipeline-connection-2024-04-30/
Starbroek is the huge discovery that extends into Orinduik?
Let’s see 13p today please. Happy with a 1p daily rise until the next bit of news.
Check the latest investor meet presentation.