Member Info for BrightSpot

On the positive side we are in the 11’s as opposed to the 9’s or 10’s ! Like many, I had hoped we would see a breakout to 15p+ when we hit 12p a few days ago.

The big issue - no news, no rumours !!

The announcement of the AGM date cant be far away and at least we will hear from Harry directly then.

I remain convinced the Northern Basin activities are a good anchor for the Borders share price and the downside is minimal from 11p. The catalyst to see 15p+ seems harder to achieve.

First time I have agreed with Zero Gus !!!!

Exactly what are we looking at here -

Leaking news - possibly although there are few “whispers”.

Rerating - no news to suggest this.

Pump and dump - volume does not support this.

MM games - possibly.

In summary, for me, the picture is unclear.

Over 15p and it’s game on. However, my fears are we will drift down to 10p again. This share has sucked all my optimism.

It’s like it’s November 2025 with only a few sporadic posts per day !!! Those were the good old days !!!

We are all, no doubt, disappointed with the share retrace to the mid 50’s. However, this is healthy and perfectly normal if you are in this share for the medium to long term. Very, very few shares just increase in a straight line.

I had expected Guyana news this week. I understand negotiations are complete and the news is positive. I also hear whispers of another deal for Eco further south.

I am comfortable with my investment here and am looking for an exit point north of one pound. In reality with a drill and strike, the share price could explode.

Eco: best risk/reward share on AIM !!

Good to see the share price increase over the last few days. Are we on our way to 20p or is this a false dawn ? Difficult to say - still no “whispers” of note out there, but the share price has moved positively.

Let’s see where this goes. One last sprig of patience required !

The share transaction volume is about normal and the share price spread is what it usually is. There is nothing in the share volume , share price movement or spread to suggest anything is afoot.

There has been some decent posts on X by share pick punters involving Borders.

The clock is ticking ….

We edge closer to May and still no official news from Borders on a deal from their acerage. Granted news could drop at any time and we may all get a pleasant surprise.

The AGM will take place probably in June and the CEO will be required to give an official update - whether that is “fluff” or something more concrete will be determined.

My head continues to tell me that a Borders deal is some way off and I have derisked my holdings to a suitable level to support this. We are “cushioned” by the North Basin development plans and I see minimum risk in Borders not getting a licence extension. My heart continues to want southern Basin success and that’s why I am still invested.

I would estimate we are about 30 working days before we get something official from Borders.

I am optimistic but not hopeful (it that possible !).

“THE NEW GUARDIAN OF THE BOARD “ !!!!

I suspect we will get Orinduik news in the next few weeks. The best case scenario is Jethro and Joe are classified as commercial discoveries, Navitas enter their tentative agreement and the partnership get decent exploration acerage.

How much is that worth on the share price ? Probably not as much as it should be, but I would suggest the share price could well be north of 75p.

I have rarely traded Eco and have held my position, minus a small disposal, for many years. However, I have recently bought an amount with the intention of a 15%+ gain on the Guyana news. I am also expecting some “surprise news” from Eco.

Eco: best risk/reward share on AIM !!!

Gus Zero,

I rarely debate on these boards as it only leads to impolite posts.

You appear to the self appointed “guardian of the board” and take issue with any challenges / differing points of view. Your viewpoint carries merit although my viewpoint is different. At the end of the day we are both here to make money and nothing either of us posts affects the share price.

In my opinion Borders are struggling to get a deal. Yes numerous companies have looked a their acerage and most have reached the same conclusion for now. One way or another we will know at the AGM, or before.

I would love to see a takeover at 50p. Realistically this is not going to happen. There may be cases of a x5 takeover price but I certainly can’t think of any !!

A takeover would probably be at a 25% to 50% premium to the share price.

I would suggest a takeover is not what Borders are trying to execute. They want skin in the game and a “blue sky” possibility. Borders keeping 15% with a carry on appraisal wells and a loan for development would be a great outcome.

Anyhow, in the meantime we are. ….. hearing nothing and waiting !!! Patiently !!!

Climbed the stairs and popped into Sharkeys last night. Big crowd. All seemed as normal, but I noticed the dancing girls were all huddled in one corner and looked pretty bemused.

The Barman told me that the dancing girls had been kicked off the pool table as a big match was being played.

There was a big crowd watching the pool game on the table that had recently been refurbished.

Exciting times as we move towards the end game.

Here comes the sun !

Drumnatiny,

A small investment in Oregon would be my call. This is very high risk at the moment though.

Personally for risk v reward you will not get a better option than Eco. Eco will go well over a pound this year.

Stamper is essentially a play on PEL 107. The rest of the portfolio is not great (e.g. PEL 106 which Eco released to Lamda).

On PEL 107 you can play Stamper or Oregen. PEL 107 is in a great postcode area but the Independent technical report on Oregon’s website tells you what you need to know on PEL 107.

Vert speculative trade on Oregen and/or Stamper; I would be surprised if PEL 107 did not get a farm outs. However, both Stamper and Oregen are very small companies and not for orphans or pension funds.

Good luck with your investments on these companies.

Well, here we are in mid April and not a snippet of news - official, unofficial , from the CEO or from the Barman ! The clock is ticking and we are getting closer to twelve o’clock !

I suspect the AGM will be in June and the CEO can’t hide from that one.

Farm outs take time but it’s close to last orders for Borders.

I retain a small investment in Borders but my heart is ruling my head on this.

I heard a rumor a few days ago that Eco Atlantic were in discussions with Borders. Seems unlikely but Eco have shown a track record of executing farm outs with Majors.

It’s still all to play for here but geopolitical situation, deepwater, gas condensate, frontier basin etc are hard obstacles to overcome.

Probably less than 50/50 with Borders but you never know.

Excellent transaction with bp on the three Walvis basin blocks. The upcoming Walvis basin Chevron well will tell us a lot about this basin and it could be huge or come to little.

Guyana news should be very close.

I understand Eco have been looking at a few other Atlantic margin opportunities.

66p seems fair to undervalued right now and the upcoming news should continue the journey to a round pound. News on drilling will obviously cause a significant price upwards movement.

Eco: best risk/reward play on AIM !!

Thanks Mogger,

Brings me a lot of memories as I started in the North Sea. No rebreathers in those days !

The FPSO looks in good shape, asset integrity wise, from what you can see on the video. Processing facilities look standard and compact. Navitas have 12 months planned for the FPSO in the dock so they must be planning a meaningful work scope of upgrades and maintenance.

Our old friend, a colorful character, has decided that the time is right to return to the party. It’s not a done deal and there are other options for Navitas to pursue if they want.

Our old friend will bring FLNG experience, bags of gold dubloons and a reputation that is relatively untainted.

Nearly every significant oil and gas basin has an “anchor” player. Navitas may well indeed try to play this role but they dont have the experience or deep pockets of our old friend.

I suspect this would be the beginning of the end for Rockhopper as our old friend will gain the path to operatorship through a block(s) majority percentage by gobbling up the penguin.

What price a Rockhopper takeover ? Probably not as such as we would hope, but a fifty to seventy five percent premium would most likely do it in a friendly manner.

There are going to be nips and turns and everything is up for grabs. One thing is most likely - Sam will get his bag of gold doubloons and there will be no need for him to employ production accountants.

Here comes the sun !

Can you imagine us years from today

Sharing a park bench quietly?

How terribly strange to be seventy

Here comes the sun !

I had always assumed gas production in the northern Falklands basin would happen, but way into the mid to late 2030’s.

Today’s news update from Navitas clearly mentions the gas development in PL001 and plans to get another partner in to help fund and operate this.

This is a game changer in many respects

I had not planned in investing further in Eco but I changed my mind today.

I have little doubt, barring a black swan event, that we will see a share price of well over a pound this year.

Eco; best risk/reward play on AIM !

It would appear an old friend will be joining us in the Falklands. Q2 this year.

Great news. Just the catalyst required for a breakout.

Here comes the sun !

It would appear that we are to welcome an old friend back to the Falklands. What that means for Borders right now is now clear but perhaps a rabbit will indeed be produced from the hat.

Interesting, very interesting.