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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 May 11, 2012 12:04am
236 Views
Post# 19897910

35 Days:

35 Days:

The next 35 days will have some significant events/catalysts for EOG:

1. GUY NI 51-101 Report expected next week or the following week.

2. Chariot well spud on April 5th now has 35 days for results (half the estimate time have now pass). According to the company, this well has a 25% chance of hitting which is a really high percentage for offshore drilling.

3. Tower should have a farm-in partner secured and we could hear how soon their wells will be spud. Repsol seems to be the candidate:

https://www.proactiveinvestors.co.uk/companies/news/42542/tower-resources-set-for-namibian-farm-out-boost-says-northland-42542.html

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