Member Info for hereandnow

When was that?

When questioned on the Falklands and the block next door to Sea Lion, Holzman refused to answer/comment. "I cannot elaborate, comment at the moment'"

He was then questioned on the 50/50 relationship and whether or not he had a price for a possible buy out by Navitas. Again he refused to answer except to say ,"It's a great question"

It suggests talks are in process over the JHI block in the Falklands and they are not adverse to being bought out by Navitas one day.

With the Orinduik License running out on January 13th, I expect news just before this date. I suspect it will be some sort of extension at least for the tertiary discoveries, perhaps for the Cretaceous as well, a commitment from Navitas to drill an appraisal well in the next license term. I think they drill latest late 2026 using the rig heading south for Sea Lion or they drill sooner using a nearby rig.

Haven't felt so good about Eco's prospects since they last drilled Orinduik. Navitas on board is such a game changer. 2026 is going to be a year of many catalysts.

BRES will not be able to compete on price with Sovereign which has the second biggest graphite deposit in the world and will be the cheapest producer.

"As we approach 2026, we do so with great optimism and focus. The work completed by my team in 2025 provides a strong foundation for disciplined asset management, continued progress across our core basins, and a strategic partnership that expands our options and strengthens our long-term outlook. With this groundwork in place, we are now shifting from preparation to execution. In the coming months, we expect several meaningful catalysts across the portfolio, from farm-outs and seismic programs to near-term exploration wells and development decisions.

In Guyana, we anticipate continued exploration and appraisal progress supported by further technical refinement. In South Africa, we are advancing environmental permitting and preparing for carried exploration wells on 3B/4B and continuing the

prospects interpretation and technical work programme on Block 1 CBK. In Namibia, we continue partner discussions, advance 3D seismic activities, and define drill targets. Our partnership with Navitas further strengthens our ability to advance these workstreams efficiently, responsibly, and with expanded optionality.

Alongside progress across our core assets, our team actively evaluates new assets and licenses for acquisition or partnering targeting opportunities that add incremental value to the portfolio and shareholders.

Eco will maintain a disciplined capital structure that supports accretive growth while avoiding unnecessary dilution. With strong exploration fundamentals, clear operational visibility, and multiple catalysts ahead, we are entering one of the most exciting periods in our corporate history. Our diverse portfolio, solid balance sheet, and the strength of our partnership with Navitas position us to advance key assets across all core basins in 2026."

Can someone explain to me how the tax losses are being used? Are they being off-set against revenue? Are they bringing the tax burden down? I see they are still paying windfall taxes....can't the tax losses be off-set against these?

ty

It's been a long journey. I have been invested since 2011 except for a one year hiatus around 2019 ish. The story hasn't changed. Use 'OPM' other peoples' money to pay for seismic and drilling, partner out. Gil has always been a deal maker. He has done it again teaming up with Navitas.

I was looking at the shares in issue/market cap the other day. 182 million shares in issue when they made the Jethro/Joe discoveries. SP peaked out around £2 a share before Tullow messed up. We now have only 315 million shares in issue some 6 years later. Remarkable for a pre-revenue company tackling very expensive capex projects.

Tullow were already struggling financially back then and wanted the discoveries deemed non-commercial. It meant they were not obliged to follow up. Eco have always thought it commercial and so does Navitas. If Guyana re classify it as commercial, we start to get valued again on discovered barrels.

It's really worth going back to 2019 and re-reading the RNSs around the Jethro and Joe discoveries. I liked this description from Colin Kinley on the nature of the reservoir,

"Having spent three decades working within the heavy oil industry, we are very encouraged by the initial analysis of these wells and good parameters that define potential pathways to recovery. The fact that the oil is already hot in the reservoir, and mobile, and has high quality porous sand to travel through, helps to eliminate a great part of the conventional heavy oil challenge. Having 8500 PSI in the porous warm formation is an added advantage to drive the oil to the well. Horizontal well technology can allow excellent access to these thick fields and generally reduces the need for multiple additional wells, leading to lower development cost per barrel."

With Exxon choosing to develop Hammerhead, which is a heavy oil discovery, it really adds credence to Eco's belief that Jethro and Joe are commercial discoveries. I'm really hoping we get some kind of deal in the New year which involves an appraisal well in Orinduik in 2026 as the pre-cursor to development. Very exciting times are here again.

With all the news flow and deal flow coming in 2026, I think we have a very good chance of seeing 50p plus before the drill bit turns. I understand serious Israeli investors, who have made fortunes on Navitas, made fortunes on chasing up Rockhopper from 7p to 80p over the past year have been very busy buying Eco since the Navitas deal was announced. It's a complete game changer.

Nice to see you are still invested Starvinmarvin....it's been a long journey!

Happy Christmas and a very very prosperous New Year to you and yours

h&n

Has been cleared from what I have heard. Unless another one pops up it should be free to go next week

In the broker call I was on, they made it clear there will be no need to raise funds unless Navitas and Eco find a new value accretive transaction to enter into. In the mean time I would expect to see Navitas enter the Orinduik option adding another $2.5m into the bank plus, in short order, Navitas to enter the Block 1 option which will add another $4.5m to the bank account. Eco also has $11.5m due to come through later in 2026 when 3B/4B comes into play.

In the mean time we have Orinduik news to come through (probably in new year as Xmas is looming and they have just had extensive talks in Guyana). Hopefully some farm out conclusions on Namibia. And don't forget JHI, which has the block next to Sea Lion. There are multiple catalysts coming in 2026 before the drill bit gets turning.

Nothing confirmed yet. Navitas has got a rig heading south to drill Sea lion in a years time. They might come early to Orinduik and appraise Jethro on the way. Nothing set in concrete yet, give it some time. In talks with the ministry in Guyana to set out a work programme and terms. Seems to be going well.

In the mean time don't forget the rest of the portfolio.

Had an excellent broker organised call with management yesterday. Gil and Alice...'live' from Guyana. We are in great shape now. Deal flow and news flow and drilling over the next 12-18 months will be very good now we have Navitas on board.

The Navitas deal reminds me of a Dragons den deal where the owner has to give away some of his assets to secure bigger deals to make the whole ten times bigger

Looks like the profit taking has stopped and we are off again

It's normal. Stale bulls exit, exhausted. In the mean time a whole new set of investors is buying in (Navitas has made a lot of money for its investors). The volumes are high again today, moving back up.

The volumes over the past few days. Even though there has been massive profit taking all the sells are being mopped up. Stock going to fresh buyers who get what the Navitas involvement means.

Check out the Berenberg note in this link

https://x.com/Robin25461631/status/1998692432322388201

Just on Joe and Jethro alone, the oil could be worth $900m net to ECO. Navitas are here to get it out of the ground

The Falklands making the front page of the Telegraph business news . It's starting!

https://x.com/Robin25461631/status/1997949049706541245

Https://x.com/Robin25461631/status/1997941302680522903

New note out following the Navitas deal......125p target 12.5 X current SP

Https://www.linkedin.com/posts/bennett-g-williams_an-absolutely-striking-strategic-move-by-activity-7403468637279379456-IcoX

This guy likes the tie up as well

Eco Oil and Gas is so cheap compared with its peers. The Navitas farm in is so crucial to that changing.

We were close to losing Orinduik in Guyana. Holzman has always been a deal maker. He has landed an ideal partner. A mid tier, v successful, well financed and crucially with a 'can do' attitude , happy to work in locations others won't go.

They will all head of to Guyana next week and I expect a license extension on revised terms with a firm drilling decision to follow. Navitas coming in will show Guyana ECO is a credible partner.

2026 is going to be Eco's year......at last!

The SP will grind higher as stale bulls exit and fresh buyers come into the stock.

Worth remembering the last deal the Holzman did was to get Block 1 for $375000....peanuts

And the deal they did on 3B/4B with Total was excellent

And by giving Africa Oil 1% of 3b/4b they cancelled 55 million shares. At 12p a pop at the time , it valued Eco's stake in 3B/4b at £34.5m

Eco's SP has traded sideways and down on zero drilling activity in 3 years, that is about to change.

The last well was in 2022, with a similar share count as today, the SP hit 45p before the well result. I am hoping for a similar move this time round.

Hopefully we will see activity in Namibia as well.

I can't see much happening in South Africa until they create an environment where the NGOs and environmentalists dictate energy police. There are good signs that will happen. I gather Total are still pressing ahead shooting seismic across their South African blocks

This is a complete re-set for the company. It is much needed news. No placement required, funded for years ahead by Navitas and Total. Navitas have a stellar track record. They get involved where they know there are huge assets waiting to be developed and the majors have been shy to get involved. Check out Shenandoah history. Brought on stream in the summer now producing 120 000 bold , 60 000 net to Navitas. They farmed into Rockhopper, that is their next development play. FID due this month. Rockhopper has more than ten bagged over the past couple of years.. They will get the license extended at Orinduik and drill. We have a 20% free carry, that is huge. The market will slowly wake up to this. We will multi-bag from here before the drill starts.

Https://x.com/Robin25461631/status/1995225893476737057