Member Info for Starvinmarvin

O&w ... "stupid", so would selling out at this time, point made I hope.

Lots of shares on the TSX for sale, but not much interest at all. Only 3 bidders (from .83 to .78) for a whopping 6500 shares - how's that for stupid.

Unless things have changed, most Canadian Institutions require a $5 sp before investing.

EOG's case for delution has already been stated, my personal interest is picking up more shares below 40p which would be more likely if a dilution were to happen sooner than later, and would of course depend on a market recoil on such news.

Regardless, "lets feed the elephants" and leave the lights on wallact ; ).

" I don't care if we get diluted at that price to drill more appraisal wells or develop the field into production." My sentiments exactly. Dilution I wouldn't have entertained over the years, now I feel we don't have enough ammo for all the elephants out there if we are to have any measure of independence. This stock will explode at some point, a dilution now would be short lived - I for one would be quick to add to my position.

Short of a dilution perhaps a split of resources might be easier to swallow. Yep, right down the middle of the Atlantic. I'll let the chaps who have a corporate background kick this one around. Eco-East/Eco West, or a new company all together. I'd be glad to invest in a pure Namibian play using my Guyana profits.

Maybe I'm finally realizing/accepting that we are just too small a player to exist any longer - I'd do anything to stay alive.

Will the take-out happen before or after dillution?

This a cut and paste, don't know what it'll look like posted but it is a sell order, so I must have been in before Mar 14 NOTE the share price!
ECO ATLANTIC OIL & GAS LTD EOG Mar. 14, 2012 Mar. 19, 2012 CAD SELL
-3,000
1.350
4,040.01

The oldest bank transaction I recently came across was a 'sell' order sometime in the fall of 2012.

Lovely summation h&n!

Quite right, balance being the key. Now, having agreed to that why does knowing of h&n's adding make me a bit queasy ; )

ATB

In the past I bought large chunks of this stock only to have watched it fall to 8 cents. Pennies are fine to fall behind on, but those quarters/dead money are a real drag. I'll most likely make millions on EOG, I certainly won't get hurt. How many posters here are leveraged beyond what they can afford to lose ... don't mean to sound like a wet blanket, but this is still a gamble no matter the odds.

I'll wait for tax loss time and see how it goes at that time.

O&w, I'm still in with house money but don't see anything new at this point to change my plans on getting back in with my profit.

I'm currently adding to my African Energy Corp holdings that have prospects in Namibia, but its their South Africa - another Total show, spud next month that has my attention,

Agree on your TSX-Venture comment, I've often challenged posts referring to Venture pops. My hope in posting level 2 was to caution posters who were thinking of buying at 45p, as this could be lower tomorrow. I'll follow 'hereandnow' and get back in below 40p.

# Orders Shares Bid Ask Shares # Orders
1 1500 0.700 0.730 500 1
2 7000 0.690 0.740 6000 2
2 6500 0.680 0.750 500 1
3 11000 0.670 0.760 14500 2
3 14500 0.660 0.770 5000 1

"I would be v happy for ECO to drop $2.5million on a Cooper well. So much time, money and energy has gotten us to this point, they need to follow through."

Absolutely! Cooper has been my hunch all along. Let's keep looking for the Big One and not be distracted with things like shareholder value.

Anyone mulling over picking up some Chariot?

Selling after the first or second well is a new wrinkle if I understand you correctly. The consensus I referred to was one whereby Eco would sell before any drilling/production. I’d think they’d hold on tight after a successful well even if out of their comfort zone.

Has there been a case where a junior explorer has had two good prospects, sold one, kept the other, and retained their corporate identity? If Total wants wants Namibia and Guyana I’d expect $US 8.00 svp – hope that isn’t unreasonable considering the wait.

"They'll never get to production before being bought out and if they do"

I'll bow to the consensus that in all liklihood they'll be taken out in Guyana IF they can extricate themselves while remaining an entity and pursuing their prime objective, which I believe is still Namibia - I'm too long in this to see it any other way. Has there ever been an O&G Exploration company that has done so?

Many Thanks.

Gil Holzman's departure not withstanding, how do you see a takeover proceeding? Most takeover harbingers, in my experience, tend to be rampers.

Yes, "great pains" selling Orinduik and no "intimating" re Namibia, neither of which is in the RNS which is what I thought this thread was about. Perhaps someone would like to sketch out some scenarios regarding how Eco would be taken out which don't involve Gil Holzman's departure.

What am I missing in the latest RNS that would suggest they are not going to "waste" any more money on Namibia?
Hammerhead seems to have certainly upset things but Gil Holzman hasn't changed his mind/timetable re Namibia. Have you read, or heard, something to the contrary? Please share if it liberty to do so, thanks.