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Eco (Atlantic) Oil & Gas Ltd ECAOF


Primary Symbol: V.EOG

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Comment by mba123ccuon Mar 07, 2024 9:46pm
230 Views
Post# 35921910

RE:Proactive interview from March 6

RE:Proactive interview from March 6
dat51or wrote: In case you missed it....
https://www.youtube.com/watch?v=EG8w2iUQYDE

3b/4b drilling schedule is up to Total, the new operator/partner. Two wells carried. Total has 2 rigs. Guessing maybe 12-15 until spud.

Company focus now shifts to farm outs in both Guyana Orynduik (100 percent ECO) and Walvis basin of Namibia. Hope the farm out happens in 2024.

Great news for 12-24 months out, imo. It's tough to hold so long, but will be worth the wait.  

dat


I agree with you on the farming out and I think that it will happen sooner than later, they may just be waiting on the necessary licences and other paper work etc. from the Guyana government.  Just my opinion.
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