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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 Company operates a 100% working interest in the 1,354 square kilometers (km2) Orinduik Block 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. The Company holds operatorship and an 85% working interest in four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration licenses (PELs) 97 (the Cooper License); 98 (the Sharon License); 99 (the Guy License); and 100 (the Tamar License), representing a combined area of approximately 28,593 km2 in the Walvis Basin. In South Africa, the Company holds an approximately 6.25% working interest in Block 3B/4B and pending government approval of a 75% operating interest in Block 1, in the Orange Basin, totaling some 37,510km2.


TSXV:EOG - Post by User

Post by grh525on Mar 15, 2012 3:12pm
243 Views
Post# 19676173

The Comparisons:

The Comparisons:

AOI is now at $490 million market cap, CGX Energy now at $444 million market cap. Both these guys are drilling some potential big wells this year but EOG has HRT drilling wells bordering their blocks, so EOG can get same upside potential if HRT hits as if AOI and CGX hits.

So lets assume EOG was worth $450 million today, if you had to buy one going into results of wells (for EOG, the HRT wells) who would you buy? For me I would still buy EOG at 4450 market cap because they didn't spend any of their own money to drill a well and have the larger resources than the two. Now given EOG is under $90 million market cap, there really is no question who you should be buying today.

Note AOI is mostly onshore, here's the breakdown:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=OYL&t=LIST&m=30792553&l=0&pd=0&r=0

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