Future scenarios Just for fun here's a layout of what could happen in 2022:
Namibia
Good: Venus and/or Graff strike oil in Namibia
result: ECO finds itself with more valuable licenses and maybe a farm out between 10 - 75 million depending on structure. Perhaps a buyout is offered around 100 - 200 million which is rejected.
Bad: both wells are dry
result: the 0 assigned value to the Namibian licenses remains the same
Guyana
Good: They drill in our block and in the blocks we have minority interests in and find commercial oil
result: 700 -1.2 billion barrels; 105 - 180 million net to Eco priced at around 3-4 a barrel in ground. Other blocks find say 500 million barrels so add in 5-10 million at same valuation.
Bad: Tullow drags it feet and the minority partners miss
result: same holding pattern until the block has required drilling in 2023.
yes we could drill and miss but just announcing drilling would shoot this thing up to at least $.75
Solar
no idea what so ever, still don't understand this business, maybe the do an IPO and get a couple million?