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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

Post by Atonon Jul 10, 2019 7:09am
109 Views
Post# 29902643

More than 15 drill targets identified at Orinduik

More than 15 drill targets identified at Orinduik

More than 15 drill targets identified at Orinduik

More than 15 drill targets have been identified at the Orinduik block offshore Guyana and co-venturers Tullow, Total and Eco Atlantic are fully funded to drill at least 8, having just a few days ago spudded the first of these prospects at Jethro-Lobe.

“Even if we don’t hit on Jethro, even if we don’t hit on Joe, Tullow and Total and our team identified more than 15 drill targets on the block. We are fully funded for at least an additional 6 wells on top of these two so naturally we all cross our fingers and hope that we have a discovery on at least one of the first wells,” Gil Holzman, Eco (Atlantic) Oil & Gas said on a recent podcast.

Holzman said immediately after Jethro-Lobe is completed around mid-August, the Stena Forth drillship will move 2 kilometers west towards the Joe prospect located in shallower water, where the search for oil will continue.

https://oilnow.gy/featured/more-than-15-drill-targets-identified-at-orinduik/


 
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