Eco (Atlantic) Oil & Gas Ltd V.EOG

Energy Intelligence, Oct 21. Walvis farm-out?

[dat51or]

Posted by Penny....on another board.

Excerpts, typed in, so they may not be exact quotes..
"Next year should see the first Walvis basin drilling. " - Uangatu

He expects 2 wells in 2025.. One by Chevron and another from an un named farm-in operator.

Eco Atlantic has a drill ready prospect dubbed Osprey at its PEL 97, it's CEO said.

Hmmm, my guess is Gil is hard at working out a farm out deal with an announcement sooner than later.

dat

[Lonegaurdian19]

Here's hoping, Gil makes around $300k w/o options so it's about time he gets a deal signed. Guyana is the crown jewel but the forgotten Namibian Walvis blocks could lead to a solid double.  As I've said before, cash is solid. Any asset with an ROI above 10% would justify all the SGA expenses

[IceDog13]

I do not think Guyana can be considered the crown jewel any more. Personally I have written it off. If a farmout was coming, imo it would have happened by now. Tullow walking away was not much of a red flag, but Total/Qatar walking away, then bidding on other blocks in the basin... massive red flag.  Still long Eco though. Once a drill date is announced for 3B/4B we should see a nice jump