Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by grh525on Apr 18, 2012 1:42pm
157 Views
Post# 19808449

AOI now over 1 billion

AOI now over 1 billion

Wow AOI now valued north of $1 billion. again, it's certainly realistic to think that EOG could get bought out before they drill a well like UNX Energy. A buy out of over $1 billion valuation looks realistic when you see what AOI is now worth just based on an announcement of an oil find that is not proven to be commercial as yet and their prospective resources of 5.3 billion barrels spread across 7 prospects in 3 high risk countries (Kenya, Somalia and Ethiopia).

 

Now look at EOG with a net of 6.3 billion prospective resources (gross of 9 billion from 2 of 3 prospects) and in perhaps the best African country for doing business in (just listen to the CEO interview this morning). A discovery by Chariot when results come out in about 50 to 55 days and EOG is going to move significantly without any further announcement from EOG itself (could go up 5 times current value based on Chariot results - 5 times current value only puts it at around $300 million market cap which is cheap if Chariot makes a discovery, so minimum 5 bagger with Chariot results).

 

 

Bullboard Posts