RE:RE:RE:RE:ECO TRIPLES P50 OIL ESTIMATEUPDATED LEAD REPORT ON COOPERI think the f****** market - whoever this is - does not like the announcement of a) 3D in autumn, b) extension till 2016 and c) spud proably in 2016.
On the other side, the volume of buying was much higher than that of selling today, as can be seen [url=https://de.advfn.com/p.php?pid=staticchart&s=TX^EOG&p=0&t=37&vol=1]HERE[/url].
Between end of March and mid of April Repsol will start the drill of Welwitschia-1 just in the next licence block left of Cooper and chances are not bad that they will be succesful in htting paydirt (see my next post).
So there is still hope that ECO's shareprice will climb again sooner than todays sellers exspect.
If Repsol will fail and ECO's shareprice will stay on this bottom level or drops even lower, the hardcore believers (like me ;-) ) have enough time to top up for a bargain, because ECO has 4 huge licence in the Walvis Basin and has still enough time to find partners with deep pockets.
Greetings and good evening,
Neo aka tnzs