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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 Jul 20, 2012 1:27pm
323 Views
Post# 20136117

Analyst Price Targets:

Analyst Price Targets:

It's interesting to note that at the current price of the stock, it's almost the same as the amount the analysts increased their price targets on the stock after the GUY Report came out.  All 3 analysts raised their 12 month target price after GUY report came out by at least 50 cents and that's just based on prospective resources and not an actual discovery from a neighbouring well:

Clarus from $1.75 to $3.00

Cormark from $2.00 to $2.50

MPartners from $3.00 to $3.50

 

 

 

If Nimrod was to hit, then the discount factor they used to calculate NAV will certainly go down which means those target prices are going way up.

 

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