Tag: Eco (Atlantic) Oil and Gas Ltd

Oil price, Sound, Genel, Tower, Amerisur, Getech And finally…

Oil prices fell again after the markets went into risk-off mode worrying about the US/Sino trade talks collapsing. A mixed bag for inventories showed crude building and gasoline drawing, again.
Today Sound have good news from Tendrara as gas flows to the surface without stimulation or artificial lift, next is the rest of the TAGI formation. Genel has a Tawke update with good news from DNO in terms of production and a long drilling campaign. Tower has pushed back the Thali well in Cameroon until July after receiving updated data but that’s not a problem. Finally yesterday saw Amerisur announce approvals for 3rd party transportation through their OBA pipeline which should boost production by 2/- b/d and also results from Getech which show the restructuring going well.

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Eco Atlantic Oil & Gas

Flash blog today after a successful raise by Eco Atlantic of £12.9m which was well oversubscribed and at a very tight discount, let the drilling commence.

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Oil price, Eco Atlantic, Range Resources And finally…

The oil price ended the week in positive territory with calming comments from the Saudis about Opec+production. Eco Atlantic has announced a new CPR with substantially increased resources and still looks very undervalued. Range Resources meantime has restructured the balance sheet again and is looking to buy a pre-school education business in China….

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