Eco (Atlantic) Oil & Gas Ltd V.EOG

If We Do Not Hit Oil

[argaiv]

On one of these upcoming wells, I am wondering if the exit strategy for management is a takeover by Africa Oil?  The management would still be able to derive some gain if their exploration blocks turned up a good discovery.  I am waiting to see what happens next year.  

Has anyone followed whether or not Exxon drilled more wells on the Canje block?  I have to look into what is going on with that.  Were boht of our wells that we hit on heavy oil?  I remember the first one was, but I cannot remember seeing anything about the second one.  I am surprised they did not name the two wells Jed & Jethro like the Clampett's in Beverly Hillbillies.

[Lonegaurdian19]

AOI is more of a committed partner, Eco is dependent upon them for some funding and their expertise in mutually beneficial blocks. Jethro and Joe were successful in that they both discovered oil (a lot of oil) but it was heavy and sulfuric. This was based upon wildcatting at lowest cost as tertiary is shallower. The good news is the oil system was thus proven, then came Carapa which was a mixed