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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 21, 2012 11:05am
113 Views
Post# 19699725

RE: RE: RE: Will she PUSH through $1.40

RE: RE: RE: Will she PUSH through $1.40

the best way in my opinion to buy this stock is buy little at various prices the get a good average price for the long term. Just remember, it's in the top of first inning and a lot of attention is just starting to come to Namibia (a stable African country with less political risk than almost all the other African countries). EOG valued at less than 100 million is not going to last for too much longer (remember, you have companies such as AOI and CGX Energy valued over $450 million and both have less NI 51-101 best estimate resources than EOG, EOG has others drilling close by wells to compensate for the wells AOI and CGX are drilling and EOG has less financial risk than those others).

 

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