Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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).

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Eco (Atlantic) Oil & Gas Ltd

Bullboard Posts

Comment by grh525on Mar 20, 2012 2:11pm

163 Views

Post# 19695659

RE: Resource vs Reserve

spock, as intelligent as your evaluation may sound, you are still off base there. Why do you think people are giving 100s of millions in market cap valuation to CGX Energy ($450 million) and others who only have NI 51-101 resource best estimates at this time? None of them has found oil as yet but yet their valuation are in the 100s of millions, BTW drilling a well on Sharon block will be cheaper than any of the others due to shallow depth, you really need to read this then come back and comment:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EOG&t=LIST&m=30826727&l=0&pd=0&r=0

Bullboard Posts

This junior mining stock offers billions in market exposure