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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

Comment by grh525on Aug 14, 2012 10:10am
131 Views
Post# 20214584

RE: SUPEROIL

RE: SUPEROIL

zagorsk, the real risky plays are those that are actually spending money to drill like Chariot and HRT.  Given that EOG is valued at $30 million and have official P50 prospective resources of over 12 billion net barrels of oil (over 18 billion gross), you cannot find a cheaper exploration oil stock. There simply isn't any other out there that has official P50 numbers like EOG has and valued under $50 million. BTW, analysts do put a value on official P50 resources (all analysts significantly raised their price target after GUY report came out)

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