Member Info for Dicko80

Possibly

Maybe additional supplies for the sidetrack

Not sure it's coming tomorrow

Looks like Layla supply vessel has just left Cape Town for the rig

eh...come again lad ? translate please

each drill is a binary event, but the good thing with ECO is they have a number of drills coming up, so will give support to the sp unlike some other companies who had a one off drilling event

just playing catch up with TSX

my DD before i bought in came across statements of 60% COS for this well, holding all my golden tickets..

a lot to play for here after Gazania well...

we just need to prove up Gazania and start dreaming about 1 billion resource in 2B , then farm out 3B/4B for 2 well $100m major
then Drill in guyana
then drill 2 wells in 3B/4B

then prob back to 2B

its come to early for FRG,

we all know how sexy lithium is right now

better value would be to define maiden JORC and a valuation can be made

50% sold on as stated today, cheaply IMO

sold for now and into ECO

GLA

https://wp-ecooilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/03/AIM2022CP-ECO-Report-final-3-22-2022.pdf

Page 97

Main risk is seal

Thanks for sharing Newanda

Looks like the supply vessels have left the rig

UMKHUSELI 4 miles and layla 1 mile away now

Total of 18hrs at the rig ?

hTTps://www.marinetraffic.com/en/ais/home/shipid:373623/zoom:15

There's been activity for 8 days now back and forth, but yes today more activity than normal, UMKHUSELI arrived after setting off yesterday and is currently still by the side of the rig

£7m mkt cap is very cheap based on the chances of proven up a commercial find now they've found it in nearly every hole

obviously lithium hot sector, so potential upside is huge, think it will be a slow burner this one so patience is needed

Yes just noticed that some catching up to do tomorrow

A lot more than that

We are hunting 300 - 500mmbbls recoverable with 50% interest to ECO

150 -250mmbls net = £750 - £1250m mktcap

Current mktcap £120m

Follow on prospects de risked adding further upside

https://ihsmarkit.com/research-analysis/the-upcoming-and-highly-anticipated-gazania1-well.html

yes starting to look interesting

according to the marinetraffic website the rig arrived 30th Sept

RNS was 4th October - "commenced operations"

so you'd like to think 3/4days set up before spud late on the 3rd/early 4th and RNS on the 4th.

this is the interesting bit ....

ECO tweeted on the 19th (wednesday) that they were on site on Monday 17th (2 days earlier)

on the 18th , the day before the tweet and a day after their visit to the rig

Layla offshore supply vessel left for Gazania 1 and arrived 19th the day of the tweet.

Coincidence ?

from spud to the 18th is 2 weeks , they have stated in presentation they werent expecting any high pressures so its very reasonable to think 14days down to 1900m first target

Layla has visited the rig numerous times, with today being the 5th day

https://www.marinetraffic.com/en/ais/home/shipid:3414786/zoom:11

https://twitter.com/EcoAtlantic_OG/status/1582672584419647488?cxt=HHwWgICp4ZCV5PYrAAAA

" Eco looks forward to updating the market over the coming weeks"

Possibly, but for £200k why didnt the neighbour buy it ?

don't forget there is Dempster, what we doing with that ?

i think it would be good if the company gave a clear overall plan for these projects

tring rd
burwell
dempster
RE

What is the plan CRCL ?

Great to potentially have another project, said we needed multiple live projects to keep the news-flow coming but there's not much detail on this one yet, £200k isn't a lot of money, so we will have to wait for the finer details

should be out tomorrow, to give a lot more detail on todays good news

Cause the live buy price was .35p , I know ;-)

Try in the morning

Good entry or top up price