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).

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Eco (Atlantic) Oil & Gas Ltd

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Comment by grh525on Aug 12, 2012 11:51am

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Post# 20208723

RE: RE: HRT Report

$535K USD a day is expensive but still cheaper than what Chariot payed for Maersk Deliverer. If it's $535K BRL a day, then that is $265K USD a day but I think they are quoting $535K USD. Chariot contracted the MAERSK DELIVERER for 60 days at a cost of $34 million to drill Tapir South. Of Course the well was completed ahead of the 60 days but the day rate would have worked out to $567K USD a day. Now the Maersk is a way more modern Rig than the Transocean Rig HRT contracted so I would expect a lower cost for the Transocean Rig

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