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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 Splinnteron Aug 03, 2021 4:34pm
138 Views
Post# 33643622

RE:RE:All Is Quiet On The EOG Board

RE:RE:All Is Quiet On The EOG Board

More exposure to blocks around might give more insight in your own blocks. But more importantly,  it gives more candidates coming around the corner to buy out Eco Atlantic. They never made a secret about it that they are not really interested in oil exploration but rather in selling their block to the highest bidder. Maybe it may stirr up things instead of waiting till Tullow takes the first step.

Although I am new at this forum I have been following your valuable inputs for a long time and I am curious what you guys think about ECO's sudden move to buy into JHI's stake. 

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