ECO things.......... Only around 4 to 5 weeks to spud of Gazania-1.
Success case, worth over 200p a share.
Failure case, we still have Namibia and Guyana and more South Africa.....but of a no brainer.
Short term news :
Rig released from North Sea and moving to South Africa.
Spud of Gazania-1 - potential 10 bagger well in success case.
Potential news of the drilling targets offshore Guyana for H1 2023
Potential farm in deal for Namibia/South Africa which may result in ECO getting 2 free carries on exploration wells.
Also area related news - more nearby wells being drilled in Guyana currently and also soon Namibia - so lots of related news ahead.
Latest Canadian shorts data :
1.26 million shares short.
Latest UK shorts data :
3.517 million share short. So ECO is well shorted - as was noted by Gil in the recent interview (
https://www.alignresearch.co.uk/eco-atlantic-oil-gas/dr-michael-green-interviews-gil-holzman-ceo-of-eco-atlantic-oil-gas/ )
Whoever is shorting appears to have been recently trying to keep a lid on the price, however with money returning to the AIM market now, they are not having the same success.......and if they capitulate and start to close their short....the share price will zoom.
Gil reckons the share price should double before Gazania-1 drilling, I agree, if the shorts close, the share price could easily double.