ECO ATLANTIC SELLS GHANA INTEREST AS IT RAMPS UP ACTIVITIES It appears EOG is focusing in on Oridinuk and that is a good thing. The release today (see: below) indicates EOG is entitled to $576,580 US in costs and nothing else for the Three Points deep water Ghana block. For me, it is unclear whether EOG will for sure get those costs refunded versus being entitled as a longshot receivable (ie. sometime in the future). Regardless, the Ghana block obligations are now gone and I hope we do get re-imbursed as stipulated. Why waste EOG time and money on Ghana when Liza cretaceous sands filled with oil are down dip from Oridinuk. It appears management is saving it's bullets for the Liza area play that is just evolving as a beast. If Tullow gets 3D and decides to drill, EOG will triple on speculation. Eco Oil sells Ghana interest, to focus on Guyana 2016-11-22 10:46 ET - News Release Mr. Gil Holzman reports ECO ATLANTIC SELLS GHANA INTEREST AS IT RAMPS UP ACTIVITIES IN ITS GUYANA ORINDUIK BLOCK Eco Oil & Gas Ltd. (Eco Atlantic), through a wholly owned subsidiary, has entered into a share purchase and sale agreement pursuant to which the company has sold its total interest in Eco Atlantic Ghana Ltd. (Eco Ghana) to PetroGulf Ghana Ltd. On Nov. 19, the sale received the required consent of GNPC as required by the petroleum agreement, and on Nov. 21, the sale received the required consent of GNPC Explorco as required by the joint operating agreement. Eco Ghana holds the company's interest in the Three Point West deepwater offshore block in Ghana's economic waters. Prior to entering the agreement, PetroGulf, a locally held Ghanaian company, held a 4.5-per-cent interestholder in the block. Pursuant to the agreement, Eco Atlantic is entitled to receive $576,580 (U.S.) as reimbursement for past operating expenditures owed to the company on the block. PetroGulf assumes all obligations of Eco Ghana on the block. Gil Holzman, president and chief executive officer of Eco Atlantic, commented: "We are extremely thankful for the opportunity we were given to partner with the government of Ghana and with GNPC, and wish PetroGulf the best success with its future explorations in the Ghana block. The company has decided to focus its priorities on the significant discoveries made by ExxonMobil in Guyana, all directly adjacent and downdip from our recently acquired Orinduik block in partnership with Tullow Oil PLC. The three major discoveries, Liza 1, 2 and most recently 3, all have shown significant sand thickness and have defined a plus-billion-barrel oil reservoir."