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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 22, 2012 9:00am
156 Views
Post# 19704089

Prospects of spurting black-gold on the horizon

Prospects of spurting black-gold on the horizon

The prospects of Namibia becoming an oil-producing country is one step closer to reality following news that the drilling-rig, Maersk “Deliverer”, is expected in the country’s territorial waters by 1 April to commence with the sinking of the first exploration oil well on behalf of the oil exploration company, Enigma Oil & Gas (Pty) Ltd, a wholly owned subsidiary of Chariot Oil & Gas.
https://www.informante.web.na/index.php?option=com_content&view=article&id=9618:prospects-of-spurting-black-gold-on-the-horizon&catid=20:front-page-items

1 of 4 shot to hit oil:
"According to Enigma’s most recent press statement on the subject, the success-rate for striking sufficient oil reserves in the first test-well is estimated at 25%"

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