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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 Aug 14, 2012 10:10am
132 Views
Post# 20214584

RE: SUPEROIL

RE: SUPEROIL

zagorsk, the real risky plays are those that are actually spending money to drill like Chariot and HRT.  Given that EOG is valued at $30 million and have official P50 prospective resources of over 12 billion net barrels of oil (over 18 billion gross), you cannot find a cheaper exploration oil stock. There simply isn't any other out there that has official P50 numbers like EOG has and valued under $50 million. BTW, analysts do put a value on official P50 resources (all analysts significantly raised their price target after GUY report came out)

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