If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
After getting caught up on the last few pages of posts I can't help concluding the most likely scenario will see Total trying to pick up the remaining 15% when they exercise their option.
... a 54 mth high.
Eco Oil & Gas Ltd. has appointed Pareto Securities Ltd. as joint broker with immediate effect.
Wingat-1 is roughly 200 nautical miles south from the centre of Cooper Block, it runs through 037.
From the ASX:The PEL 37 Joint Venture has voted to drill the Cormorant Prospect offshore Namibia, with a targeted spud date of 1 September, 2018. Pancontinental will have an effective 20% carried interest uncapped through the cost of drilling the well. Cormorant drilling remains subject to Ministry endorsement and the grant of renewal of PEL 37 for the Second Renewal Exploration Period. Operator Tullow has already commenced drilling preparations. Pancontinental estimates Cormorant has the potential to contain Prospective Resources of 124 MmBbls* of recoverable oil on an un-risked Best Estimate basis. The cumulative Best Estimate oil resource potential of the leading four mapped prospects in the block total 915 MmBbls recoverable oil*. ONGC Videsh and Africa Energy Corp. have recently entered the project, strengthening the joint venture.Commenting on the drilling news, Pancontinental CEO John Begg said: �This is an exciting time for Pancontinental. We now have confirmation of the much anticipated drilling in Namibia. Currently we are also testing a potentially significant new gas discovery in California and we have commenced an appraisal well to evaluate another large gas discovery there. The Cormorant Prospect was unanimously selected by the PEL 37 Joint Venture as the first test of a series of large oil-prone prospects in PEL 37 that have been mapped by operator Tullow using high quality 3D seismic. These submarine fan plays are analogous to successful large, commercial oil finds elsewhere along the African coast, triggering ongoing interest in offshore Namibia from major oil companies and Africa specialist players. This is amply demonstrated by the entry since mid-2017 of ONGC Videsh into the PEL 37 joint venture, Africa Energy�s entry as a shareholder in Pancontinental Namibia and the farmin of French oil major Total into a block to the south�. * The Prospective Resources referred to were first announced 28 September 2015.The company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and that all the material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
IMHO - New folks to this chat forum take note, hereandnow and Fernan10 posts you won't want to miss.
More info on shareholders: http://crweworld.com/article/news-provided-by-accesswire/183242/grant-of-rsus-and-issue-of-equity
EOG is not listed on the TSX proper it is found on the TSX-Venture, be wary. For example, the last four trades today were made by the same buyer, 1K at .42 followed by 1K at .44, then followed by two more of the same. There appears to be at least 4 of these chaps playing the same game day in and day out - an easy game when there are few buyers and fewer sellers. As far as the price goes? Go back 10 years, it broke a dollar once and that was briefly. The Venture shenanigans aside this stock is a beauty, the company personnel top notch - Gil Holzman is as good as they come, and the future? Well it appears to be very promising.
Did I miss an update? �It is highly probable that an exploration well will be drilled at PEL 037 in first quarter of 2018�, thanks. A quote from Gil Holzman this summer.
Hereandnow, Any concerns of us drawing too much attention in context of a possible take out?
Wonder if 'hereandnow' would mind commenting on your post, thanks.
Kenya! Hope not, I've got a bag full of Vanoil shares those buggers screwed us on!
ECO is virtually all market maker driven on the TSX, without them there�d be little to no volume.
Yes, almost 9 months to get back to where it was in February - half full or half empty I suppose. Very mercurial stock with liquidity issues, but 40p in the offing for those that can handle the vicissitudes, caution for those that can't.
Actually it hit .40 back in February of this year, most likely due to the AIM listing.
Gil Holzman said " 3-4 months realistically" in regards to the completion of the processing which could mean results as early as the first week in December. I'd hope we'd be drilling next year. The quote taken from VOX Markets episode 885.
Not many as knowledgeable as hereandnow when it comes to ECO/EOG. I�m sure he meant drilling off Guyana next year and Namibia in �19.
I've been following you blokes long enough enough to take a chance, ie the TSX-V and Aim are somewhat of a lottery no?
Why not list this on the TSX Venture? I'd take a punt ...
www.energy-pedia.com/news/general/tullow-oil-announces-2017-half-year-results-171329