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 > I Have Been Picking Up More Shares

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Comment by Lonegaurdian19on Nov 26, 2023 8:18pm

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Post# 35753714

RE:I Have Been Picking Up More Shares

No idea on Guyanas timeline, however AOI said they are looking at Q1 2024 for 3B/4B farming down.

it is possible one of the Namibian blocks gets a suitor sooner than that.

I am interested to hear from Gil about our cash position and what type of deal he favors. He had previously had a favorable opinion on the Jethro and Joe discoveries. I beleive they commissioned a economic viability study on that. Ultimately it will coke down to how well their data room presents te Cretaceous plays in the eastern part of the block. I beleive they have two targets with 750 million barrels each.

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