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If there is the prospect of drilling Nayla in Q3 of this year should the legislative stars align, what price in the run up to the drill turning for what could be worth £2-3 a share both in terms of how highly rated this prospective is and what funding means Eco could do across its potential multi billion barrel portfolio....

Here you go

https://energycapitalpower.com/eco-atlantic-accelerates-atlantic-portfolio-with-guyana-led-exploration-drive/

I think in the event of a successful drill on Nayla, our interest in 3B/4B is worth £2-3 per share.

It is relatively high prospectivity but nothing guaranteed so if farming out Id be looking for something in the ten or twenty million once the legislative blockages are resolved.

Hi Marvin,

Nayla does look good as an 800m barrels prospect if memory serves. Like the idea of timelines aligning for regs to allow activity from the middle of the year. Understand Total have ships innthe area (Mira) and are keen to drill Nayla quickly.

While Id like to see Orinduik drilling this year, Gil seems to have no concerns from his interview around the conclusion of licence negotiations allowing activity to facilitate FID and additional exploration. This is a big tick for me.

Can see a Navitas farm in to 3B/4B to give Eco more cash for funding it's obligations on Orinduik and more widely.

Supposedly Morocco don't declare commerciality as they are carried for exploration until declared commercial.

If there is no exploration because PRD have no money what exactly is that carry worth to Morocco?!?! Set against the opportunity cost of bringing in a competent company with sufficient cashflow to manage and accelerate but yeah that's why it isn't declared commercial for non existent exploration carry.

Oldslow

You'd be amazed how import of materials and other permissions could dry up if PRD didnt play ball so.dont be so naive.

If Morocco thought there was a commercial find already, they'd have it being developed instead of waiting interminably.

Qq how long since any drilling took place and how much dilution for ordinary shareholders since.

Perhaps also answer this one, since the 20p raise how much have shareholders a) been diluted and b) seen value collapse and compare the average shareholder experience to holdings of PG and renumeratoion received.

From review of accounts G&A isn't sufficiently granular to see who gets paid what but any contract to PG outwith his main contract should be subject to clear flagging and go through conflict review by Chair. Pretty sure none of this happens but don't worry as he tells you all clearly

Its his company and he can do as he likes.

Dickie

Believe you are not currently invested but just sitting vacantly in judgement?! Unless your situation has changed last several weeks?

Feel free to point to anything erroneous I have posted or to debate the actual point.

At least I have posted my intentions in advance.

F&M

From a commercial contract perspective, PRD has to share the data. If they can't raise funds quickly to develop the wider licence Morocco would not wait around for years for piecemeal fund raises when they can push a commercial party in.

Jimo

Apply the same lens here as I do at Eco.

Still invested here but swapped a chunk when I sold a large chunk here around 8-9p for Eco at 9p and below. Now 3.3p here and 36p for Eco so fairly happy with moves and they were stated at the time on the board.

My average here is just under 3p.

Drilling data is shared with government and the idea they just let PG delay a declaration of commerciality so he can maximise the tax break as a minnow tries to explore further on a tiny budget on timelines he can't keep is frankly laughable while they continue to import gas from elsewhere.

Come on be realistic.

6 weeks or so left on the old fools 6 month timeline to monetise. What are the odds?

Any news on which Halloween he will trick or treat on yet or perhaps when he is taking market makers to task. Maybe the busiest man in O&G just doesn't have the time - or perhaps he can give himself a side consulting contract to do that and get some extra cash.

Good to see efforts continuing to facilitate/accelerate exploration in SA. Am sure Eco and partners are actively feeding into and pushing this too.

News of a drill on Nayla would be great for shareholders

Hi Justathought

If you take a look at the maps in the 2019 Fustavsson CPR you'll see the Jethro channel and other associated likely fields and can reconcile these to tables for P50 recoverable potential resources. The numbers add up to close to 1bn barrels. So if FID is taken we have 200m barrels of reserves.

Wallact

Don't think these investors are in it for a short term 30% gain, as while that would increment exponentially to an astonishing IRR over a few years these opportunities don't necessarily present themselves regularly. Hence, believe it will be a longer term view they are taking.

What is of reasonable certainty if taking such a view

Hammerhead - 5-10% of a development producing 150-200k bopd

Jethro/Joe - several hundred millions of barrels similar to the oil Exxon has taken FID on. These are discoveries that Navitas will have looked over the geology and samples for.

3B/4B - when legislation changes a drill giving Eco 5.25% of the field and the first proapect (Nayla) is huge.

They may also have been given a steer on the Gyyana visit and other discussions currently under way but there is enough that is highly probably to allow investment committee sign off.

I'd be happy taking Eco to my investment committe but we don't do O&G.

Happy it seems to consolidate higher also happy the board remains eminently usable and doesn't have hundreds of posts daily.

Likely to see people taking some profit at various levels given the lows of just under 7p. So will take time to consolidate at new levels.

Company is seeking to finalise negotiations on multiple fronts as they get a clearer picture a good preso around plans and aims would be useful but they prob don't want to tie themselves down too much while news is awaited on various fronts with timelines being hard to pin down.

Consolidating in 30-35p range is good for time being and looking for a bump on news after that sometime in Feb/Mar ideally.

Interesting posts, have been here a while and have an average in the 8s.

Do like the prospects and potential for deals to be done. Agreeing something on Hammerhead in lieu of unitisation could make alot of financial sense for Exxon partners.

Alternatively it could fund much work across licences.

Orinduik

Should hold a chunk of land around Jethro/Joe and Gil alluded to 800m barrels plus. With Exxon or funded by alternate means that's a winner if given the go ahead. Reservoir properties seem positive and easier to define.

Remainder of Orinduik - exploration funded in any number of ways, RBL/Unitisation/Cash received from other licences.

3B/4B - potentially worth £2-5 a share. Likely drilled within 18 months.

Block 1 - likely to be strong interest.

Namibia - huge licences with 85% ownership and great scope to farm down and seek drilling. Id.expext news on this or Block 1 in Q1'26.

Falklands- who knows but a lovely bonus.

Not mentioned prices but any of these are game changers and realistically by year end 2026 we could be staring down FID for JJ and drill at 3B/4B which are worth £2+ each in my view (£2+ for 3B/4B and £6+ for JJ).

Interesting times.

Don't put too too much store personally jn the technical analysis but the fundamentals here will see the news keep filtering through and push demand. May not be a straight line but it should have a strong upward bias.

Not sure when it will drop but the management team has I'm sure been busy and we are well set for what is to come.

Given the tick up this week quite happy just to see us consolidate at this level. Some good news should see us climbing towards the 50s/60s I'd think. Even at that level with the prospectivity there is there is huge upside.

Per the message on Tullow thoughts on appraisal requirements - there could be a very quick move to FID on the Jethro/Joe channels.

Again, with unitisation on Hammerhead there is also the prospect of strong income to come or material payment from Exxon & partners. That cam fund alot of Ecos share of the work on Orinduik and elsewhere.

Doesn't make any sense to exercise warrants unless a liquidity event is on the immediate horizon. There is a 3 year period so the investors can exercise when they choose within that window.

Exercise early and your annualised IRR is potentially diluted compared to exercising later as capital is committed.

Seems like a few players are likely consolidating holdings before there is news on 2026 plans. I'd imagine Navitas know exactly what they want to do and while this happens the company are Im sure dotting i's and crossing t's for different aspects of the various licences to be ready to go.

Some that have been in at 7p are probably ok taking profits by top slicing or exiting. Takes all sorts to make a market but as news drops demand will accelerate for the stock.