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 > If they hit

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Comment by Ogopogo007on Oct 16, 2022 6:19am

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Post# 35027482

RE:If they hit

Please define "hit"

Joe and Jethro were a "hit" at drill time and SP responded. Not a "hit" in the lab once sidewall samples got analysed and SP responded.

Hammerhead was a "hit" and Eco didn't even do the drilling.

I assume there is some type of production agreement...can the production be sold anywhere or has to be piped to shore for domestic use? That could affect timelines to monitize an offshore asset.

I think Eco would sell...perhaps retain a royalty

JMHO

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