Member Info for zebbo

Oil and Gas Investor Saturday, June 16, 2018 - 14:30am Next week could be the week Eco Atlantic Oil & Gas (LON: ECO) ceases to be a penny stock share as the company releases the long awaited data on its recently acquired 3D seismic on the Company's Orinduik Block, offshore Guyana which should firm up the previously outlined targets as well as identify new additional, and potentially significant structures. On this point, a string of respectable oil and gas analysts suggest a possible 230% upside from the current share price of 33p. According to research produced by Hannam & Partners, Eco could be worth significantly more than the current share price suggests. “We see an attractive risk/reward ratio in Eco that could be unravelled in next week’s potentially game-changing report,” the analyst said in a flash note. Serial oil analyst Malcolm Graham-Wood (Malcy), who is also the founding Partner of HydroCarbon Capital, which provides independent advisory services to the Oil and Gas sector, believes the company currently offers an ‘astonishing opportunity’. “The Guyana-Suriname basin is currently the world’s most prospective and underexplored offshore basin, with an estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas yet to be discovered. Eco holds a 40% working interest in a material licence just 6000m from ExxonMobil’s world-class Liza oil discovery; the largest commercial find in South America with an estimated 3.2billion barrels of recoverable oil! Capped at £50m (33p), and with a total risked net asset value of circa 184m (120p) before the CPR (which we believe will be company-making), Eco offers an astonishing opportunity for the shrewd resource investor.” “Remember, the existence of multiple exploration targets on the block will be very significant, not only in the resource numbers, but also in the economics of this shallow water play. In any case, the current share price is supported by the Africa Oil deal and Eco’s net cash position. To this end, we could see a significant uplift in the share price should the results meet or exceed market expectations. Aside from this, news on the drilling of a well adjacent to their Namibian acreage by Tullow Oil is expected alongside updates on its significant portfolio of acreage in the Walvis basin.”

Hmmm, wrong board That aside, IMHO I dont think that VER is all its cracked up to be. Hence current SP. May be wrong but that is for VER followers/investors to decide.

Feels like we are starting to re rate upwards based on volumes and recent SP movement

Just for clarity. If there are currently 60m shares in circulation, will this number reduce by ~5.7M to ~53M once the buy back completes?

Reading through some of the RNS's I see a share buy back was passed at the AGM. Is there any chance this will be invoked in the open market share ie share purchases for cancellation or was it to give TLY internal options eg share save schemes etc

reckon MM will be sticking a 1 in front of that in short order.

Wow, potential is massive (as we know) But the potential value to N4P is mind blowing

lol, they have just come through as sells

Not showing yet, so maybe delayed

I have picked up a good slab of stock, just to cheap. Will continue to build my position :-)

Big slab of stock through at mid price...

Strange buying patterns on ECO. I have noticed over the last few months that the buying and selling comes in waves periodically. The last couple of session on the TSX we have been stronger also. Agree news not far away :-)

Still massive dilution, if sales and profitability are as expected this should not be a problem. But stock overhang may provide some short term downward pressure

John H. I did not say it was a bed thing merely the facts as I see them. This approach is just bau. Your sounding as if you are a victim

They need the sales news to get the placing away. That why sales news did not come prior to placing...its the sweetener

I have tried to research the technology and opportunity, but still cannot get my head around what it truly means for N4P. Or what the TRUE size of the prize is along with time frame to commercialisation, on what appears to be another mega ���� opportunity

Leicester - think that is very very conservative indeed. If we succeed with sildenafil alone it will derisk our other re formulation drug pipeline + commercialisation of Sildenafil . Throw in Nuvec we will be talking multiples of 80p. Worst case would be that we would need to tweak the sildenafil formual and re trial. Very exciting times.

to the upside looking likely. The MMs are trying to move the SP down on buying

advance of the expected news :-) Some sellers shaken out this AM, but SP remains solid. Further buying is likely to push the SP up further, as there seems little appetite to mark the SP down. Lets face it, if the news is positive we could bag overnight

Whats not clear to me is whether we will get a brief update upon completion of the trial. Or will we have to wait until the final report and analysis has concluded in Aug. Personally I think it is the later and it was mentioned in a recent RNS