Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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

Eco (Atlantic) Oil & Gas Ltd

Bullboard Posts

Comment by grh525on Jul 25, 2012 9:39pm

209 Views

Post# 20152971

RE: RE: RE: RE: I spoke to IR of EOG Yesterday

EOG is well ahead of schedule in terms of work they need to do on their blocks to keep their licenses in good standing. There really is no rush to do 3D seismic especially given the luxury they have with others drlling wells in the near term. If Nimrod results are good in September, it's a game changer for all with blocks offshore Namibia and currently, EOG has the most official net P50 resources - majors will be coming to them.

Also note that the rig is most likely at drill site already according to Rigzone:

https://www.rigzone.com/data/rig_detail.asp?rig_id=1515

Bullboard Posts

Mid-year update: Charting GameSquare’s sharp business growth