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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

Post by grh525on May 11, 2012 12:04am
235 Views
Post# 19897910

35 Days:

35 Days:

The next 35 days will have some significant events/catalysts for EOG:

1. GUY NI 51-101 Report expected next week or the following week.

2. Chariot well spud on April 5th now has 35 days for results (half the estimate time have now pass). According to the company, this well has a 25% chance of hitting which is a really high percentage for offshore drilling.

3. Tower should have a farm-in partner secured and we could hear how soon their wells will be spud. Repsol seems to be the candidate:

https://www.proactiveinvestors.co.uk/companies/news/42542/tower-resources-set-for-namibian-farm-out-boost-says-northland-42542.html

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