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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 16, 2012 12:22pm
86 Views
Post# 19798936

RE: No Nothing

RE: No Nothing

drinkinlots, I guess you haven't heard about UNX Energy who got take out for their Namibia offshore blocks after 2D seismic without drilling a single well (taken out for $730 million)?

I guess you don't know about Azimuth and Petroleum Geo-Services, here read this:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EOG&t=LIST&m=30916864&l=0&pd=0&r=0

People are coming on this board trying to say this stock needs to go lower just so they can buy at lower prices, well good luck with that. The free floating shares are not that much and most who might have wanted to sell a portion has already done so. You are not going to get much to buy at lower prices if it go lower.

Azimuth did their research on other offshore blocks but choose EOG because of the greater prospectivity of their blocks.

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