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).

TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd

Bullboard Posts

Comment by MAZZMEXon Nov 13, 2019 3:15pm

113 Views

Post# 30346816

RE:Take the emotions out of it

Exactly... total over reaction.. it's trading like they would announce two dry well... 2/2 is very positive even if its not the perfect scenario.. Losing 50% market cap over this news just dont make sense...

Lonegaurdian19 wrote:
While today wasn't good news it's no gaurentee the whole block is heavy oil. Plenty of prospects to be drilled and our liquidity position is fine.

We found oil in 2/2 wildcats

First two might not be as economical as previously thought

Its not like the fact they are heavy oil in the tertiary won't be taken into consideration when further drilling commences

Plenty of smart folks will decide the next best place to drill in a highly prospective block, all ECO needs to do is wait and pay their share.

like I said before, today was a setback not a disaster