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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 argaivon Dec 17, 2023 2:39am
476 Views
Post# 35788605

All I Could Do

All I Could DoWas average down on the existing shares I already held.  I have a pretty high exposure at this time at about 0.21 US.  It will not take a miracle to be in the money.  An announcement of a farm in agreement and the commencement of drilling ought to give the stock some very mild momentum at a minimum.  

One thing I noticed with respect to investing is that I was very exposed to risk, and there were a couple of times I came out smelling like a rose.  One of my luckiest investments was Southwest Resources back when it was somewhere in the neighborhood of about $2.50 US.  The company tinkered with the assays and that stock got north of $30 US per share.  I was lucky I sold out because once it was discovered that they had tampered with the core results the company went belly up.

I was dumb not to sell my Africa Oil shares when they made their initial discoveries in Kenya.  I remember the message board on this site with investors talking about the share price going to $60.  Oh well could have and should have are a waste of time is what Rick Rule said to me.
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