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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 OilGold1on Sep 10, 2012 12:11pm
178 Views
Post# 20342694

Over Reaction

Over Reaction

If we didn't figure on Kabeljou being dry we should have bailed weeks ago. My 40K shares are staying put until there is a dry result in Walvis Basin. However, the upcoming stockholders meeting this Wednesday would be an excellent opportunity to announce any forthcoming farm-in should management(s) have been holding off until Kabeljou results - it would be hard to believe there isn't a major having second thoughts on aything but Walvis this morning!

I've been following this forum for months and will take the opportunity to thank those who have supplied the many important informative hyper-links. There is a good balance of pros and cons here, IMHO, and we appreciate the fact there is no hard selling - where is 'Rock"?  

Best Regards from Ottawa,

 

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