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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 OilGold1on Jan 15, 2020 12:26pm
161 Views
Post# 30555960

RE:RE:RE:Hallelujah, hope this Tullow partnership is finally over!

RE:RE:RE:Hallelujah, hope this Tullow partnership is finally over!Not courage but a lot of patience, at least most of the time - 8 years this March. Other than there not being any commercial oil to be found through Eco my biggest concern has been with our senior partner, if you've been here long you've read my posts on the subject.

This is good news to me. Tullow's coming clean will hopefully get Total off their keister or at least open the door to someone else with a sense of urgency. The question now is wether to sell our 15% to a low-baller or stick around with a new operator - I'm assuming we'll have a choice if we aren't thrown under the bus by Tullow.

I didn't get much support last year when I suggested we go for a raise when the stock was 3 times it's current value, sure wish we had.

Predictions? If we haven't been taken out Eco will be part of a multi-drill program this year with whomever. 
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