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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
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Post by Ogopogo007on Nov 09, 2022 5:52am
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Post# 35084349

Lifted from elsewhere

Lifted from elsewherehttps://www.paidpromotionalmessages.co.uk/companies/news/997804/eco-atlantic-share-rise-as-investors-await-gazania-1-well-news-997804.html

Eco Atlantic share rise as investors await Gazania-1 well news

Excitement is evidently rising for the explorer's well offshore South Africa.

Shares in Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) shot up 10% in Wednesday morning dealing as the market hotly anticipates news from drilling offshore South Africa.

The AIM-quoted explorer has a 50% working interest in in Block 2B, which contains the Gazania prospect, and is the operator for the drilling of the well.

Drilling kicked off just over a month ago and Eco shares are up 22% since then (and are up about 130% in 2022 to date).

Finfluencers and social media investors speculated online whether a drill report may soon arrive as Eco’s shares pushed higher in Wednesday’s early deals.

On AIM, Eco shares were up 3.25p or 8.2% by around 9:45am.

Meanwhile, in Canada, Eco’s Toronto quote saw the price rise some 18% to 73 cents per share last night.

Gazania-1, approximately 25km offshore the Northern Cape in Orange Basin South Africa and in approximately 150 metres of water, is targeting a prospect of 300mln barrels of light oil.

If there is a discovery in the vertical section there is an option to drill a sidetrack from the main well bore.
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