Member Info for Maverick7

**************************************/articles/q-a-with-eco-atlantic-oil-gas-co-founder-and-ceo-gil-holzman-ae03c6b/

are you sure, its fake news, there will be a shortage, watch the large draws in the coming weeks, peak energy usage in the Northern Hemisphere

JH 77 - go to VOX markets and type in ECO.

so market makers looking for cheap shares if they know that an RNS is coming next few days, hence the drop today

Looks like early indications of another big draw for API results later today, hence oil price up quite a bit

no doubt, let mates in early, API and EIA results should show another massive draw

With Orinduik being up dip of the Starbroek discoveries, does anyone have an idea of the COS of success of up dip discoveries? What other similarities exist elsewhere?

reported yesterday, still no TR1 notifications with all the recent buys last few months

Lol, the loonies are about to come on the board and the herd hasn't even arrived yet. Price for success I guess. Big profits yes, but about to become ginormous. Where were they when we were at 20p ranges

Expecting to hit target zones early April

Fair point Nomad. Let’s hope they don’t give it away too cheaply

IJT - agree, the drilling targets are key for ECO. We are just a minnow here compared to TLW & TOT. An oil find or not will see the ECO share price move massively hit or miss, with little impact either way to TLW or TOT.

So ECO obviously keen to drill a high COS prospect, but we aren't the operator. What influence do we have here.

Possible change of strategy from ECO, previously Gill said they wouldn't publish an updated CRP or go into production. This is contrary to the last sentence in the RNS today below.

The CPR must have been published to get maximum bucks for ECOs acreage and if they go into production then that will be worth more than a non producing asset.

stating they are looking for production if successful wells:

"At this point we are looking to drill strategic lower risk targets. Assuming positive results, we aim to move quickly to production planning and optimum economics for our partnership and the people of Guyana."

looks like the updated CPR was known about by institutions and people in the know. hence the big increase from 40p to 90p. So probably priced in for now?

Interesting last sentence stating they are looking for production if successful wells:

"At this point we are looking to drill strategic lower risk targets. Assuming positive results, we aim to move quickly to production planning and optimum economics for our partnership and the people of Guyana."

On the 27th March - hopefully all loose ends tied up before then

https://twitter.com/proactive_uk/status/1106217713792438272?s=12

Lol, that's what oil companies do - explore and produce. Without looking for oil how else would they replace reserves

well the bottom is usually just below the lower back.

Looking forward to the April end of year report, should make for exciting reading, not long to wait.

Also Rawallen, further acquisition, Namibia, Rhum3 i.e. plenty of news on multiple fronts

Dividend

Tullow held a Capital Markets Day in London on 29 November 2018 and announced a capital returns policy to start from the 2019 financial year. The policy states that the Group intends to pay an annual ordinary dividend based on its free cash flow generation, while ensuring an appropriate balance with debt reduction and investment in the business. It is expected that the total ordinary dividend in any year will be no less than $100 million and will be payable semi-annually, split between the interim and final dividend (1/3:2/3). In periods of particularly strong free cash flow generation, the Board will also look to supplement the ordinary dividend with additional returns to shareholders.

With respect to the 2018 financial year, following another strong year of free cash flow generation, the Board has decided to recommend a final dividend of 4.8¢/share (representing a total shareholder return of c.$67 million) which will be payable in May 2019 if approved at the 2019 AGM

TLW goes up every time Drone appears