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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 TripleR44on Aug 22, 2017 9:36am
125 Views
Post# 26606901

RE:RE:RE:RE:Eco Timelines

RE:RE:RE:RE:Eco TimelinesSometimes these boards are really great for shared investor information and discussions.  In light of those shared diling costs, Tullow/Eco may still be drilling for between lets say 500 to 700 million barrels of oil in an updip trap at for example Amtuck.  If we farmed out 20% (hypothetically), our 20% portion of a successful well would be worth hundreds of millions to Eco at a minimum.  

Drilling should give management an easy promote on AIM and the TSXV. Given we are so small, there would or should be much speculation doubling or tripling our market cap.  A discovery would be worth much more than a speculative bet triple. Blue sky and greed will be our best buddies if a legitimate drill target is found.  Waiting for the 3D interpretation and hearing crickets will be somewhat painful from an opportunity cost perspective.     
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