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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 25, 2012 2:57pm
399 Views
Post# 19947554

Chance of Discvoery

Chance of Discvoery

You have to like the chances that a discovery will be made in the next year offshore Namibia given that at least 8 wells will be completed in the next year starting with Nimrod spud in July.

4 wells by HRT  - Rig already secured and first well to spud in Q4 2012

Nimrod - Rig secured and well to be spud in July 2012 (operator is Petrobras)

4 to 5 wells by Chariot/Petrobras/BP to be drilled in the next year

Tower to drill in well in second half 2012

 

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