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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 Company operates a 100% working interest in the 1,354 square kilometers (km2) Orinduik Block 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. The Company holds operatorship and an 85% working interest in four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration licenses (PELs) 97 (the Cooper License); 98 (the Sharon License); 99 (the Guy License); and 100 (the Tamar License), representing a combined area of approximately 28,593 km2 in the Walvis Basin. In South Africa, the Company holds an approximately 6.25% working interest in Block 3B/4B and pending government approval of a 75% operating interest in Block 1, in the Orange Basin, totaling some 37,510km2.


TSXV:EOG - Post by User

Post by NeoMon Mar 16, 2012 6:22pm
204 Views
Post# 19683443

Research about the Namibia play

Research about the Namibia play

If some of you are going to take a closer look what they have invested in ;-) don't forget to check out Pancontinental => https://www.pancon.com.au which is in the neighboring blocks north to EOG (well that's the reason why I am bought EOG yesterday and today, because I first went into PCL a year ago).

Check out their infos about their project in the Walvis Basin and take a look on the graphic with the oil seep map! You will easily identify the blocks EOG is in. The map is more impressive than that of EOG in their presentation.

You can find this map also in Hartleys presentation on page 24 which you will find here: https://www.mzweb.com.br/hrt/web/arquivos/HRT_novembro_2011_ingles.pdf

By the way the presentation is a good read about the play in front of West-Africa.

Athough the share price closed almost -17% today, there is no need to worry. The story just begun and there are very exciting month ahead.

Have a good evening,
Cheers Neo

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