Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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).

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Eco (Atlantic) Oil & Gas Ltd > Potential farmout %

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Post by Lonegaurdian19on Jul 20, 2023 6:52pm

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Post# 35550653

Potential farmout %

It's looking likely that Eco will farm down to 10% from 20%. Ideally, they could get 2 carried wells for that. I am sure they can get at least one and maybe some cash.

Gil stated that the cash they'll receive from AOI will be used elsewhere which is exciting. I would guess this means it will be deployed to Namibia.

Here's hoping they can find at least one Namibian partner and that things get going again in Guyana.

Given the current SP of $.17 USD I think any news could double this thing.

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