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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

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 grh525on Mar 15, 2012 2:42pm
102 Views
Post# 19675912

RE: RE: RE: RE: Dying over here

RE: RE: RE: RE: Dying over here

BebeRebozo, to make the picture a little more clear to you. CGX Energy is worth over $400 million right now and they are in the process of drilling 2 wells and massive costs, they haven't found anything as yet with absolutely no guarantee of finding anything yet they are worth over $400 million. Now EOG can get a similar type reward that CGX Energy would get if they did find something and HRT found something in the Walvis basin (drilling in 2012) - big difference is that EOG don't have to take the massive financial risk that CGX is taking. So EOG should actually be worth a lot more than CGX yet it's worth so much less? Again, just like New Zealand energy that tripled in 3 months, as new investors get to know about EOG daily, we will be a lot higher.

 

BTW, I highly recommend you check out the resume of HRT CEO, that guy knows what he's talking about.

 

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