Member Info for Justathought

All good as expected JHI takeover and an extra piece of news with extension of Canje block.

Next Orinduik extension and South Africa approvals and drill dates.

1st half of next year will also see drill rig in Falklands.

Going in the right direction.

Wait and reap 😍

Well that drill ended quickly, amazing how and what we can be led to believe with social media, thinking about it, but scary really.

Maybe it’s a Drill for the 1st Drill next year, Gil must have been laughing over a glass of Red with the Navitas boys in Guyana.😁

Wasn’t dull though and those Stella’s went down a lot better, then this morning and update to say we was wrong.

Next time Rodney 👍

I think your in ratio big time, hope it works for you.

ECO is a no brainer, hope your in as much

They are drilling in 2 at moment other being goatfish 1.

Until an RNS is issued, you could be right, let’s hope it is as the social media states.

4 times more buys than sells, this share as been a mystery to me some days with the trading.

Can’t help think that everyone who is someone in the stock market knows about this once little oil company. Getting in quietly before the large re-rating starts.

No other oil and gas stock on aim touches ECO with portfolio locations, Seismic's and actually oil in place in Guyana.

Hope this drill is a discovery, right next to Stabroek, Exxon obviously had to know if this drill was connected to Stabroek.

Let’s see the 60’s once more and break out, matter of yime

Think what we know is restricted till wider RNS is released.

Still maybe we will hit 65p today without RNS or RNS is issued later today.

ECO = Time = Money

Red,

The JHI position is concluded today.

Following shareholder approval, which was on 12th May, JHI intends to seek a final order of the Court, on May 15, 2026, to approve the Arrangement.

Couldn’t be more well timed.

Expect RNS’s abundant soon, JHI completion, drilling spud date and Guyana Orinduik block update.

Share price will reflect what is happening soon

Think even Gil has been caught off guard by this sudden drilling by Exxon.

May issue this RNS 😆

15 May 2026 08.09

RNS Number : 2026

Eco (Atlantic) Oil and Gas Ltd.

15 May 2026

ECO (ATLANTIC) OIL & GAS LTD

Thank you the lads on the LSE board for the heads up on Exxon drilling in Canje Block.

We can confirm Exxon do as they wish, yet we are pleased with the way they have changed sentiment with starting the drilling today in Canje Block.

If the drill is successful by 31st July we expect share price to re-rate to £1.80 just with this drill.

To be honest did have a few missed calls this morning though I had a few bottles of wine with Navitas corporate in Guyana.

All the best to investors.

Thanks

Gil

Be better than nothing 😆

So Exxon are drilling in a block which we will soon have 17.5%, although initially had over 2% if I recollect, then an RNS should have been issued.

Don’t understand this at all, any news on any other company forms that this drill affects?

How will the market react to this without any RNS. Interesting trading day today.

Https://www.marinetraffic.com/en/ais/details/ships/shipid:193981/mmsi:235066948/imo:9364954/vessel:STENA_CARRON

It certainly does need a lot of confirmation.

Never seen anything like it.

Just adds to the dramatic events this year, straights, spygate, (Boro fan) and now this 😆

Will be very interesting what RNS we get tomorrow and contents. Looking for a full Guyana update and this could be part of what is happening.

As of mid-May 2026, exploration drilling is underway at the Goby-1 well site in the Canje Block, offshore Guyana, despite the exploration license for the block expiring on March 4, 2026, according to a notice from the Maritime Administration Department.

Here are the key details regarding the situation:Drilling Activity:

ExxonMobil Guyana is currently operating the Noble Stena Carron drillship at the Goby-1 site, with operations scheduled to conclude on July 31, 2026.

License Expiration and Status: The Canje Block license expired on March 4, 2026. ExxonMobil (the operator) has stated it will not seek a renewal or extension of the license, as it does not believe the remaining prospectivity is "competitive" within its portfolio.

Continuation Despite Expiry: While the block is on track to be relinquished to the state, the current drilling activity at Goby-1 likely falls under final obligations, ongoing appraisal, or special circumstances handled with the Ministry of Natural Resources as the block is transitioned back to the government.

Past Results: Exxon previously drilled three dry/non-commercial wells in the block: Bulletwood-1, Jabillo-1, and Sapote-1.Partners:

The Canje Block is operated by ExxonMobil (35%), along with partners TotalEnergies (35%), JHI Associates (17.5%), and Mid-Atlantic Oil & Gas (12.5%)

Just woke and more posts make this look the real deal.

Really late news and such a surprise.

This share price will really boot on tomorrow, a surprise drill (Never heard of, jeez Gil) and Sp reaction to this will be incredible as the uptake for a success is huge.

No way will you get a buy in the 50’s tomorrow and maybe not the 60’s.

Higher Highs here we come.

Exxon was relinquishing license in March as it Expired March 4th.

Got to be false news.

Key Details on the AF-1 Gas Discovery -

The well tested at a rate of 32.4 million standard cubic feet per day (MMscfd) of gas. (This well alone is worth $34 million annually)

Context: It is part of a cluster of historic wells (AF-1, AE-1, AO-1) indicating strong hydrocarbon presence.

The area is considered analogous to the Kudu gas field and sits near recent major discoveries like Venus, Graff, and Mopane

They will, only block ECO have held 47.5% is Block 1 CBK and I think they have reason and to call it after Colin is also a factor in my mind.

They have the 2D and 3D Seismics -

Location: The block spans 19,929 sq km along the maritime border with Namibia, extending from the shoreline to deep water (up to 1,000 meters).

Geological Position: It sits immediately south of the Namibian border, on trend with major discoveries made by Shell (Graff) and Galp (Mopane).

Proximity to Known Fields: The block is located near the Kudu Development Project, Namibia's main gas project with \(\approx \) 1.3 trillion cubic feet of reserves.

Existing Evidence: The block contains the historic Soekor AF-1 gas discovery and the AE-1 well, which confirmed an active petroleum system in the area

Keith speaking today in South Africa?

Hi Brightspot,

Negotiations are complete and are positive. Hope you are right, as mentioned we should see a work program very soon.

4 trades and 4 chats, sometimes more chat than trades back in April 25 when I got onboard. Came in for block 3B/4B and look how long it has taken for approvals in South Africa. Still waiting. Guyana which I thought was a dead duck and potential for Namibia.

Now it has dramatically changed for the better, sometimes a bit of luck with a share is needed. (Navitas)

I am waiting to sell a few at £3, (could be the price on Guyana production of Jethro) and letting the remainder ride to see what the future brings.

I am convinced I will retire with this share and think minimum 8 bag from here. Good luck guys.

I was actually looking and was also thinking of another Ratio:

If we were to say we could possibly be 6 months behind Rockhopper production in Falklands with 2 x likely analogues of Sea Lion with one confirmed a find. The ratio of Rockhopper current market cap of today to our current market cap is 3.1/2 times difference.

The excitement of the share price the last 6 months is currently waiting on Guyana News and South Africa News which could hit anytime.

Expect the Guyana News with work program as per requirements by Guyana goverment and let’s hope drilling will be soon.

Calm before the storm to £5 👍

Child