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Good Morning Malone, for our today's DAILY TRADE, i have found :Eco Oil and Gas. CVE: EOG AND otcb: ECAOF.Again, withe oil and gas sector on momentum sector play, this could be very interesting :The premium priced placing is pitched some 28% above Friday’s closing share price.
Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership
ECAOF friday's closing is $ .248 and EOG is $.38 making the OTCB shares even more interrsting as they have to align with the current Canadian price.So ECAOF could go as high as 50% today. TRY GETTING IN FIRST SECOND AT OPEN.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI) (OMX:AOI) is pleased to announce that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the "Investment Agreement"), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million (approximately US$10.9 million).
Eco Atlantic Oil & Gas Ltd (LON:ECO) revealed it has raised £8.46mln of new capital and added Africa Oil Corp to its shareholder register.
Africa Oil Corp, an explorer that’s seen significant recent success with new discoveries, has subscribed for a 19.77% stake in the company, taking 29.2mln new Eco shares priced at 29p.
The premium priced placing is pitched some 28% above Friday’s closing share price.
Cash raised in the funding will be earmarked for Eco’s exploration ventures – specifically, Eco said it will allow the company to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
At the same time, Eco and AOC are entering a strategic alliance agreement to jointly bid on new assets and ventures. Also AOC chief executive Keith Hill will join the Eco board as a non-executive director.
Gil Holzman described Africa Oil Corp as “a like-minded company with a similar philosophy” highlighting that the new shareholder and potential partner is focussed frontier regions and has “significant financial muscle” to deliver on its strategy.
“Eco is now in an incredibly strong financial position,” Holzman said.
“We are funded for our forthcoming work programmes in both Guyana and Namibia through a series of agreements with Tullow Oil, AziNam, and Total and through these new agreements with AOC; we now also have the capability, as well as an industry leading partner, to identify further assets and to accelerate the work programmes on them.
“AOC is also, through its shareholding, now intrinsically aligned with Eco to deliver this strategy."
Good Morning Malone, for our today's DAILY TRADE, i have found :Eco Oil and Gas. CVE: EOG AND otcb: ECAOF.Again, withe oil and gas sector on momentum sector play, this could be very interesting :The premium priced placing is pitched some 28% above Friday’s closing share price.
Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership
ECAOF friday's closing is $ .248 and EOG is $.38 making the OTCB shares even more interrsting as they have to align with the current Canadian price.So ECAOF could go as high as 50% today. TRY GETTING IN FIRST SECOND AT OPEN.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI) (OMX:AOI) is pleased to announce that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the "Investment Agreement"), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million (approximately US$10.9 million).
Eco Atlantic Oil & Gas Ltd (LON:ECO) revealed it has raised £8.46mln of new capital and added Africa Oil Corp to its shareholder register.
Africa Oil Corp, an explorer that’s seen significant recent success with new discoveries, has subscribed for a 19.77% stake in the company, taking 29.2mln new Eco shares priced at 29p.
The premium priced placing is pitched some 28% above Friday’s closing share price.
Cash raised in the funding will be earmarked for Eco’s exploration ventures – specifically, Eco said it will allow the company to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
At the same time, Eco and AOC are entering a strategic alliance agreement to jointly bid on new assets and ventures. Also AOC chief executive Keith Hill will join the Eco board as a non-executive director.
Gil Holzman described Africa Oil Corp as “a like-minded company with a similar philosophy” highlighting that the new shareholder and potential partner is focussed frontier regions and has “significant financial muscle” to deliver on its strategy.
“Eco is now in an incredibly strong financial position,” Holzman said.
“We are funded for our forthcoming work programmes in both Guyana and Namibia through a series of agreements with Tullow Oil, AziNam, and Total and through these new agreements with AOC; we now also have the capability, as well as an industry leading partner, to identify further assets and to accelerate the work programmes on them.
“AOC is also, through its shareholding, now intrinsically aligned with Eco to deliver this strategy."
GOOD MORNING! OBE IS THE DAILY TRADE
With oil and gas jumping through the roof ,consider obe today and mjog with buy and hold ( next week will be very interesting for mjog )
OBE TODAY!
Obsidian Energy Announces Strong Third Quarter Results and 2018 Budget.
The Q3 program is beating forecast and reaffirms production guidance
Second half projects in the Cardium, Alberta Viking, and Peace River are delivering strong rates and reinforcing the value of our disciplined project funding and execution. As a result of production management and new well delivery, we are forecasting full year 2017 production at the high end of our 30,500 – 31,500 boe per day guidance range.
Underperformance despite turnaround success
By most measures, Obsidian's turnaround effort has been a success. The company has reduced operating areas by 90%, field offices by 73%, head-office space by 90%, and realized a 33% reduction in per barrel operating costs. Net debt has fallen from $4 billion in 2012 to $400 million today. The company has announced a realistic and achievable five-year plan that involves spending within cash flow at $50 oil, and has well respected leadership in David French, Obsidian's new CEO.
I have no idea about friday. Someone else brought that up.
BXTMF : HUGE GOLD DISCOVERY ON HIGH GRADE, WILL RUN HIGH TODAY
What's the Daily Trade today Kil ?
What's The Daily Trade today? I see DIRV is being pumped today by "The Small Cap Firm"
hey Malone and all TDT followers: WRFX IS OUR DAILY PICK! news update follows on great price and volume momentum.
LOS ANGELES, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Paranotek, a wholly owned subsidiary of WorldFlix, Inc. (OTC:WRFX), today announced plans to release its encrypted chat demonstration app and B2B business strategy.
Paranotek is an international, end-to-end encryption software company that has developed ‘Parano’, a post-quantum, cryptographic protocol, designed to resist sophisticated security hacks both currently in use and expected in the near future from advances in super and quantum computers. The company’s latest security software solutions will allow governments and corporations across multiple industries such as healthcare and finance keep their employees and data safe while also monitoring and analyzing potential breaches and productivity with real-time, centralized reporting.
International cybersecurity expert Mick Davis recently joined Paranotek as CEO. Mr. Davis has a background in world-class commercial and military information services and security innovations, returning to part-time military service with the department of defense and intelligence community after 9-11. Mr. Davis’ career experience includes a senior role supporting the decommissioning of the Joint Task Force Global Network Operations (JTF-GNO) and standing up the United States Cyber Command (USCYBERCOM). In addition to accelerating plans to release the company’s encrypted collaboration chat app and focus on B2B solution sales, Davis today announced plans to restructure Paranotek in order to accommodate superior investment as well as attract top level developers and management.
The global encryption software market is expected to grow from USD 3.87 Billion in 2017 to USD 12.96 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 27.4%. The demand for encryption software tools is driven by stringent government regulations and the need to protect critical information. In February 2016, the National Institute for Standards and Technology (NIST) called for proposal submissionsforquantum-resistant cryptographic algorithms for new public-key crypto standards.
“Lauri Tunnela and his Finland based ‘Paranotek Team’ has built a solid foundation to serve the Global Encryption Software Market with its post-quantum cryptology flagship product ‘Parano’. Now we want to position the company correctly to achieve our next milestones – increased corporate sales, improved investment opportunities, adherence to international regulatory requirements and recruitment of the top minds in the industry,” stated Mick Davis, CEO of Paranotek. “We are currently restructuring the company to meet these growth objectives. We will accelerate the delivery of our Parano embedded chat app, focus on partnering with major service providers in the US and Europe and build out our delivery footprint for cloud based encryption services. We will also continue to support Swantry, the family oriented privacy app that uses Parano.”
“While expanding our business, we will keep a focus on international regulatory requirements to minimize our burden when it comes to exposure to dual-use item regulation and export controls. We will also structure the company to attract both international early stage investment as well as traditional institutional investment. This new structure will also enable us to recruit talented cryptologists and management as we can offer them a stake in our future success,” concluded Davis.
Brad Listermann, Chairman and CEO of WorldFlix, Paranotek’s parent company, added, “I have been working closely with Mick and am quite excited about the roadmap he has developed for Paranotek. I am confident in Mick’s vision and leadership and look forward to updating our shareholders on the company’s progress thru the end of this year and into the next.”
CWIR IS THE DAILY TRADE . RIDE THE BRAND NEW PUMP BUT STAY CLOSE TO THE EXIT DOOR.
CWIR IS THE DAILY TRADE . RIDE THE BRAND NEW PUMP BUT STAY CLOSE TO THE EXIT DOOR.
FNRC should see big increase in volume this week before the run starts.
Quarterly report due in couple weeks.
i do hold shares in ASPXF ( AKM AUS LISTED ) cO has second largest coal mine in Mongolia but is in the process of landing a deal with chinese banks to fund its subsidiary Northern Railway Corp > AKM CURRENTLY HALTED FOR FUND RAISING . COULD BE A 10 BAGGER IF IT IS SUCCESSFULLY DONE.
what are FINS, lighten me up please?
Fins come out in a couple weeks, and it's off to the races. FNRC
FNRC IS PICKING UP SPEED and refueling : company update is IMMINENT!
I will check it out.
Check out WRFX . This one is now led by one of the most respected veterans in the world of cyber security. New management is capable of steering the company to new hights.
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