Member Info for Justathought

A seller will always have a buyer, an investor taking the stocks, institutional investor.

This won’t change the fact that news is on the horizon for block 3B/4B.

I am in heavy at 9.7p, I see 20 to 30p some point pre-drill.

Eco could pull a rabbit out the hat at any time, must be due one for the long term investors on here.

Patiently waiting on news, not interested with short term fluctuations, when this news come, you have the chance to trade your position.

Market Capital is £6 million and gas is worth $49 million equates to £36 million. Must double from here surely?

Block 3B/4B waiting total energies operator go ahead Eco have 5.25% 2drill free ride

https://www.worldoil.com/news/2025/5/22/totalenergies-prepares-to-drill-offshore-south-africa-as-regulatory-reforms-gain-footing/

Shell recently given approval of another block

https://energychamber.org/a-step-towards-energy-security-shell-gets-greenlight-to-drill-offshore-south-africa/

African Enerergy week 29th September to 3rd October both Total energies snd eco CEO’s speaking.

https://aecweek.com/south-africa-totalenergies-to-drill-in-2026-regulatory-reform-gains-momentum/

South Africa reform:

https://www.dailymaverick.co.za/article/2024-09-24-understanding-the-looming-gas-cliff-in-south-africa-and-the-solutions/

https://apanews.net/south-africa-to-unveil-new-mining-petroleum-reforms-at-amw2025/#:~:text=The%20bill%2C%20submitted%20for%20public,commissions%20WHO%2Daccredited%20polio%20lab

Prospective Rescourses block 3B/4b

https://africaoilcorp.com/wp-content/uploads/2024/06/risc_-_africa_oil_corp_prospective_resource_report-_blo.pdf

Other Eco Energy Assets and timeline in 2025 presentation

https://www.ecooilandgas.com/investors/results-presentation/

I am invested for Block 3B/4B, I think news will come at African Energy Week or just before with clarification of approval to drill, followed by further news ftom Totalenergies on drill date which I think will be January 2026, whenever news arrives on both it will improve SP.

As per presentation.

News from Guyana is possible with licence expiring in January and Hammerhead discovery is also in our blocks boundary. - also waiting farm in news

Another Block 75% in South Africa- waiting farm in news

4 Blocks in Namibia - waiting Farm in News

Some people on here have waited years for action, 2026 promises a lot of news, hopefully good.

Enjoy the read😁👍

That’s a Jot of difference 😆

In any case someone is in the know, 23 shares bought today.

450K worth, if you have a seller you have a buyer.

Won’t make a hot of difference when the news on 3B/4B drill arrives 👍

3B/4B is what this is about and someone is buying 100,000 at a time today, how many more 🤔

1889,

7 years lucky 😆👍

I got in big over the last 5 months last buy was mid July, only stock I own.

This is like Cove Energy was and Serica Energy, was married so became skint and now this share is for me only.

I have a gut feeling about it, I work for Qatar energy here in Doha and can’t believe this isn't a good investment for them. Was just looking one day at Qatar Energy investment locations and spotted this company.

I am waiting for the drill date and cash out investment about 2 weeks before, pre-drill, 20p/30p whatever it will be then.

Rest will ride the drill a free ride.

Just hope it comes off, mentioned the African Energy Week as a good forum for news and possibly a drill date of January.

The target is 4 billion barrels now that would be over a £3 share price if it was a successful drill 🤔

Anyway all of you gotta look back on some of my posts and follow my band that’s starts September 2026, maybe we will have a success with the band also 👍😆

Next RNS is the approval of block 3B/4B, then drill date.

2026 is going to be fun.

What price Jan 1st 2026 👍

The guy block in Namibia looks very promising and with recent finds we could expect a farm in any time.

https://www.prnewswire.com/news-releases/eco-atlantic-receives-independent-leads-report-of-92-billion-barrels-best-estimate-on-guy-block-walvis-basin-offshore-namibia-510264711.html#:~:text=(TSX%2DV:EOG%2C,to%20approximately%2018%20Billion%20barrels.

Can we have news on this please before the licence lapses?

Payment Mechanism:

The Unitization and Unit Operating Agreement (UUOA) for the reservoir could specify that the participating interests in the unit are initially allocated based on the estimated volume of hydrocarbons in each block. However, Block A's consortium receives a larger initial participating interest to account for their initial drilling costs. Additionally, the UUOA might include a mechanism for Block B to reimburse Block A for a portion of those costs through future production revenue or a direct payment.

Key Considerations:

Negotiation:

The specific payment structure is determined through negotiation and agreement among the participating companies, taking into account the geological characteristics of the reservoir, the extent of each block's contribution, and other relevant factors.

Transparency:

Open communication and transparency among all parties involved are essential for a successful unitization process.

Regulatory Framework:

The unitization process is also guided by the regulatory framework of the relevant jurisdiction, ensuring compliance with local laws and regulations.

Https://www.google.com/search?q=drillship+Valaris+DS-9+facebook&client=safari&sca_esv=db574b12b5cc4f7e&hl=en-gb&sxsrf=AE3TifPbV712UYP9_FTn8FGTwDCuC1PrsA%3A1753716349149&ei=fZaHaKPyCPqkkdUPwuPfsQc&oq=drillship+Valaris+DS-9+facebook&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIh9kcmlsbHNoaXAgVmFsYXJpcyBEUy05IGZhY2Vib29rMgUQIRigATIFECEYoAEyBRAAGO8FMgUQABjvBTIIEAAYogQYiQUyCBAAGIAEGKIESN8jUIgOWP8bcAJ4AZABAJgBwgKgAeQSqgEFMi04LjG4AQPIAQD4AQGYAgugAqUTwgIKEAAYsAMY1gQYR8ICBhAAGBYYHsICBxAhGKABGAqYAwCIBgGQBgiSBwcyLjAuNy4yoAeLKrIHBTItNy4yuAeUE8IHBzAuMi42LjPIBzs&sclient=mobile-gws-wiz-serp

The drillship Exxon used.

Look at the Feb video below and page 2 of the video.

Vessel exceeded customer expection on that drill 🤔

Lack of confidence in Guyana, I agree, have said all along I am invested for Block 3B/4B anything elsewhere is a bonus.

The share price can move in any direction for me though on approval of 3B/4B and a drill date and expectation as drill approaches the SP should be a lot higher.

That is my opinion, I am hopeful this all arrives by January 2026.

Good luck all

Yes Spudz,

The legislative notification and appeals process for the environmental authorization is ongoing.

Shell went through this process recently given approval:

Despite the potential of the block, Shell has faced significant opposition by environment groups which have sought to disrupt any progress to alleviate energy poverty through oil and gas resources. Environmental groups including Greenpeace have launched campaigns aimed at preventing Shell from exploring offshore. Under a clarion cry of “To Hell with Shell,” the organization has impeded any progress by the energy major to drill off the coast of South Africa. However, the environmental authorization alleviates this by granting the company the right to continue drilling. The authorization proves that exploration can be conducted in an environmentally-sound manner, enabling Shell to pursue a potential

Totalenergies is waiting on confirmation, already given environmental approval it is this appeals process that delays full permission.

When Shell was given the all clear in my mind it is just a matter of time before these 2 drills with ECO get the go ahead.

A waiting game and I believe it won’t be to long now, still think an announcement during African Energy Week, with ECO and Totalenergies speaking at this event.

Anybody know what income they will receive yearly?

Waiting for 8p that where it will settle

Https://www.oilandgasmiddleeast.com/news/jassim-alshirawi-africa-oil-aew

Https://edconway.substack.com/p/america-still-needs-canadian-oil

Reliant on heavy oil, Guyana has lots of it.

Eco has 4 billion barrels.

What next after hands off Guyana, we have 6 months to make a drill, news could be coming on a few fronts.

https://www.state.gov/secretary-of-state-marco-rubio-and-guyanese-president-irfaan-ali-at-a-joint-press-availability

This share reminds me of a share I had called Cove Energy and I have been looking for that type of share for a while and I came across this with working for Qatar Energy.

Qatar Energy are an amazing company and would have done all due diligence to invest in South Africa. I expect an approval and drill date for Totalenergies and that will make this SP move north.

I can see why people are frustrated with this share as nothing has seemed to happen since the last drill.

It is a good price to be in at and I cannot see much downside with news that is well overdue.

Best of luck

Some big buys today, imagine the buying pressure on news of block 3B/4B approval and drill date.

Be good to get a farm in for Guyana, Block 1 South Africa and in Namibia.

One drill news it will take off, multiple well it could rocket.

My investment is done and am happy to wait for news, cant think of any other share with such potential at this present time.

The potential upside to the downside is awesome.

9p buy is incredible, wait till news arrives and the 30% upward trends start and the mob arrives 😆👍

Good luck to all holders

Great to see the idiots have started.

Have you not got your own mind, buy if you want I am not telling you to do so.

I have stated facts about what is happening on block 3B/4B. If we get the approval and drill date then this share price will not be under 10p nearing the drill. Was 44p pre last drill.

As I said (if) maybe we won’t get approval like shell have.

Maybe Trump will hinder the oil price with a recession due to his Tariffs. Maybe a third world war.

Yes a lot of if’s and buts and I have written real circumstance as I see it.

I am looking at the picture right now and see approval for Totalenergies and a drill date preferably with the MIRA Drillship used by Totalenergies to find the Venus in Namibia.

I am like any other person on this chat, telling facts not twisting your arm to buy and maybe lose money.

You want to look at some of the real bullsh@t on other boards that are damn right lies, I have not stated anything that isn’t possible and to me looks an absolute banker at this moment in time.

So why are you on this board Monica, a holder or just bored.

What is your view of the share? Do you think that the approval is unlikely and that you will lose money or are you in this share with an opinion to make money.

Surely you are not here without any intention to buy or do you just watch and miss the boat that could happen any day soon.

You stay on the sidelines with your own opinion though your opinion about me losing people money is laughable.

Have a lovely evening.