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).

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Eco (Atlantic) Oil & Gas Ltd > All Is Quiet On The EOG Board

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Comment by Lonegaurdian19on Aug 05, 2021 8:16am

163 Views

Post# 33653601

RE:RE:RE:RE:RE:All Is Quiet On The EOG Board

Fair value is a tough call but I'll bite:

Eco now has some 200 mil shares outstanding so I'll lead with that.

investments: 0 - 100 million (worst to best case)

Value : $0 - $.50 per share

Guyana block:

0 - 2 billion (worst = dry, best = 600 million barrels net @ $3 valued in ground)

Value : $0 - $ 9.00 per share

Nimibia blocks:

0 - 500 million (worst = dry, best = farm-in and carried interest)

Value : $0 - $2.50 per share

Plenty of potential value and risk, one must also consider a acquisition premium and that time will dictate such terms

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