Top 3 Biggest Potential Offshore Canadian Juniors: This breakdown as of March 10th 2012 should be an eye opener to many who didn't hear of EOG NI 51-101 prospective resource report this week (EOG only listed end of 2011 on exchange). The 3 companies are:
1. Africa Oil Corp - ticker AOI
- Market cap of approx $468 million
- Net to company Prospective P50 Resources best estimate of 5.3 billion barrels of recoverable oil
- Politically un-stable Region (Kenya, Ethiopia and Somalia)
2. CGX Energy Inc - ticker OYL
- Market cap of approx $447 million
- Net to company Prospective P50 Resources best estimate of 3.3 billion barrels of recoverable oil
- Politically Stable Region (Guyana)
3. Eco (Atlantic) Oil & Gas Ltd - ticker EOG
- Net to company Prospective P50 Resources best estimate of 6.3 billion barrels of recoverable oil
- Market cap of approx $51 million
- Politically Stable Region (Namibia)
Resource estimate breakdown:
AOI - Page 28 of this Presentation:
Net best estimate to AOI on 7 prospects combined is 5.3 billion barrels
https://www.africaoilcorp.com/i/pdf/CorporatePresentation_Jan_2012.pdf
OYL - Page 4 of this Presentation:
Net best estimate to CGX on 6 prospects combined is 3.3 billion barrels
https://cgxenergy.ca/cmsAssets/docs/presentations/CGX%20Presentation%20-%20Feb2012.pdf
EOG - Presentation not updated as yet to show this week NI 51-101 report results but see "Advanced Exploration Program" of this page
Net best estimate to EOG on 2 prospects combined is 6.3 billion barrels (70% interest of 1.15+7.79)
https://www.ecooilandgas.com/about_company/company_profile/
What a coincidence that all 3 has a 0.3 billion attached to their number.