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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 30, 2012 5:50pm
160 Views
Post# 19853783

RE: RE: RE: RE: RE: Clarus Recommendation

RE: RE: RE: RE: RE: Clarus Recommendation

Svet, you are way off track in saying the share price would get cut in half if Chariot miss. Now, how much of the current share price is based on Chariot drilling?

The answer is none, all EOG share price appreciation is from Sharon report (it was above $1.20 for Sharon long before Chariot spud their well). Also, if the share price was to cut in half, you are looking at a market cap of only $33 million. No where on earth do you find a company valued at only $33 million with at least 1 billion in prospective oil resources (in EOG case, we re talking of at least 6.3 billion without GUY).

 

You need to make a little sense in your comments there, current share price of EOG is giving nothing for the current drilling by Chariot.

 

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