Eco (Atlantic) Oil & Gas Ltd V.EOG

AOI comment on exiting ECO partnership

[dat51or]

Here's the reply I got from ECO staff. Imo it's all good. I especially liked Mr Tuckers comment that the farmout would be a "significant, really significant carry".
dat

You can access a recording of the webcast using this link: Africa Oil management presentation on the strategic farmout of Impact's Namibian interests Registration (onlinexperiences.com)
 
I have also copied below the relevant part of the event’s transcript –
 
“Roger Tucker: Eco, we are in – associated with in 3B/4B and we are in active discussions to farm that down and get a significant, a really significant, carry through that. And at that point, we will be looking at options, if you like, to exit amicably from the Eco portfolio. And so you can expect to see those things rolling out within the next three months, I would imagine. So it’s – we're still in the clean-up phase.”
 
The important point here is that Africa Oil and its Block 3B/4B partners are in active farmout discussions for the block and the priority is to achieve a successful deal.
 
Best regards,
Shahin

[SuperTrader1970]

What does that do for the share price? Not much

[IceDog13]

When 3B/4B is farmed out, if it is with a "significant carry" which I would deem as more than just a 2 well carry... that would be a very strong catalyst to the stock price! Even with a 2 well carry, which I expect is the minimum they would be looking for, that would put a lot of positve preasure on the share price. Just my opinion.