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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 26, 2012 6:55pm
391 Views
Post# 19720245

interesting coverage of ECO's neighbour

interesting coverage of ECO's neighbour

As I allready told a couple of days before I got aware of ECO and the Sharon blocks because I am also invested in PCL since more than a year.

PCL now got a review which might be also interesting for ECO holders, because what is written about PCL and their blocks offshore Namibia also counts - from my point of view - for ECO and its Sharon as well as GUY blocks. ECO also gets mentioned in the report as well as HRT and what is on the schedule for the next month.

I also think, that the results of the assessment of ECO's acreage as well as further developments in the area will also affect the share price development of PCL, as well as PCL's development as one of ECO's direct neighbours will affect ECO's development, too and beeing mentioned in a report might draw further attention to ECO definetly.

Buy the way, as I said a couple of days before, too: If some of you are frustrated because of the present share price of ECO: Relax and do a little research about PCL and its share price over the last 6 to 12 month and you will see what lies ahead for ECO holders - from my point of view.

Last but not least: I hope nobody takes this as an offensive advertisment for another stock. I just want to show the parallels and ad some - hopefully useful - information. I am invested in both.

Here we go: https://www.rte.ie/news/business/morningrep/download/2012/0326dolmen.pdf

Have a good evening, see you tomorrow,
and good night
Neo

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