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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 20, 2012 2:51am
273 Views
Post# 19693285

neighbour PCL released updated Investor Presentati

neighbour PCL released updated Investor Presentati

PCL published an updated investor presentation. Download:

https://asx.com.au/asxpdf/20120320/pdf/425472bwwkdk8s.pdf

PCL is our neighbour north of GUY an SHARON blocks, just above the two HRT blocks. If you allready took a look at it a few days before when I mentioned them the first time, than there is hardly any BIG news in it, but it shows here and there the progress over time, among others it mentions ECO's estimations for the Sharon blocks recently and it gives a good overview over the key developments offshore East- and West-Africa.

If you are just interested in West-Africa/ Namibia, scroll to page 17 where it starts with a timeline about recent developments.

On page 18 one can see the map with the bullseye again. It is a little bit "cheaty", because it only shows the bullseye in the blocks of PCL, but not in the blocks of HRT as well as ECO.

For all the desperate, who jumped on the train, hoping for a quick $$$: On page 22 it shows the development of Cove and what CAN happen to a junior explorer having success. Take a look at page 4 as well, where one can see the share price history of PCL.

The difference to nowadays is that Namibia is heating up day by day, week by week, month by month. That means that the shareprice of ECO should develop much faster - from my point of view - than Cove's and/ or PCL's did over the years.

As allready said: This is not a pump and dump of some contentless rip-off pinky pennystock. This is a real explorer play in one of the hottest oil and gas areas around.

All one needs is a little bit of patience.

Have a good day,
Neo from Germany

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