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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

Comment by grh525on Mar 16, 2012 11:43am
153 Views
Post# 19680880

RE: Funding Thoughts

RE: Funding Thoughts

CalDude, lets just hope the give the company some time to get known among the investment community (like New Zealand Energy did, hardly anyone knew them back in December 2011, now many people know of them and it has tripled in 3 months). EKG is another example as to what can happen when the community gets to know a company and the underlying value. Let's hope no financing until this stock is at least over $3.

At $3, market cap is still only $180 million for a company with well over 5 billion barrels of prospective resources.

 

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