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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 dat51oron Aug 27, 2021 6:26pm
238 Views
Post# 33777367

RE:RE:Sapote-1 spud

RE:RE:Sapote-1 spudLG, I was interested in answers to your question about Sapote's size, so I did a light search on Westmont and JHI websites. Nothing there that I could find. The is a prominent poster on the LSE board who used 1.3 billion in a valuation post a week back, but that was a number pulled out of the air. Our slice of JH I is 1.7 percent if I recall. If Sapote strikes it big, it could more than double our present share price. (my back of the envelope calc: 1 billion x .17 x .10=17 million barrels x $5=$85m210m shares=$.40 US. And up to 11 more drills if XOM's 12 well program is executed! ....60 days of expected drilling, (however prior notices say the drill ship could be on site for 90 days.) Could turn out to be a superb investment for ECO. Fingers crossed. dat
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