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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 Apr 09, 2012 7:17pm
239 Views
Post# 19773530

RE: 80 cents

RE: 80 cents

for those on the sidelines who are looking to buy lower, the one thing I will say is that there isn't that many shares to buy (we came down on pretty low volume). Any big order and this goes over $1 easily plus GUY being relatively close means today could have been the bottom which matches the last bottom we had in the 80s. I repeat once again, this stock was trading in the 1st before Sharon came out (no new shares has been issued since Sharon). This means that at todays market cap of $52 million means the market is only giving an additional $15 million valuation for the 7.8 billion resources from Sharon (70% net to EOG). With Cooper alone (prior to Sharon was considered EOG most material block), the market value was close to $40 million and now Sharon shows 7 times the prospective resources of Cooper yet at today's valuation we gained $15 additional million? That will not last as the stock is still new among investors and those that know, knows it well but I still think it's few given how low it's trading today. Heating up of activities offshore Namibia will put this in the spotlight soon.

 

 

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