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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 Apr 16, 2012 12:22pm
87 Views
Post# 19798936

RE: No Nothing

RE: No Nothing

drinkinlots, I guess you haven't heard about UNX Energy who got take out for their Namibia offshore blocks after 2D seismic without drilling a single well (taken out for $730 million)?

I guess you don't know about Azimuth and Petroleum Geo-Services, here read this:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EOG&t=LIST&m=30916864&l=0&pd=0&r=0

People are coming on this board trying to say this stock needs to go lower just so they can buy at lower prices, well good luck with that. The free floating shares are not that much and most who might have wanted to sell a portion has already done so. You are not going to get much to buy at lower prices if it go lower.

Azimuth did their research on other offshore blocks but choose EOG because of the greater prospectivity of their blocks.

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