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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 petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. 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 (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Post by Lonegaurdian19on Oct 15, 2022 2:32pm
299 Views
Post# 35026924

If they hit

If they hitCurious to hear others opinions on what y'all think will happen if they hit on Gazania. Gil has said previously he's not a hard hat guy, IE they'd like to monetize rather than produce. So with that is the last step a single appraisal? It is my understanding it takes roughly 4 years to produce (appraisal, FID, equipment, approval). Ever heard of an expidited well coming online in less than that? The fact this well is shallow and not far offshore is an obvious plus but the process seems slow and quite expensive. Given SA's current need for oil do you think they'd fast-track this?

just throwing this out there. Interested in any and all opinions
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