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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 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

Eco (Atlantic) Oil & Gas Ltd
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Post by grh525on Apr 05, 2012 11:08pm
409 Views
Post# 19766165

It's official

It's official

As some have been posting earlier, Chariot spud earlier today:

https://www.proactiveinvestors.co.uk/companies/news/41222/chariot-oil-gas-starts-drilling-its-first-exploration-well-offshore-namibia-41222.html

A couple of notes:

Drilling to take 70 days, 25% chance of success, Chariot alone has 4-5 wells planned to be completed by end of 2013.

When you add in the wells planned by Chariot, Tower, HRT, etc, offshore Namibia is certainly going to be very active over the next 1 to 2 years. Accumulate your shares now and hang on for the ride.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities
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