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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 grh525on Apr 03, 2012 2:43pm
150 Views
Post# 19754227

GUY Report

GUY Report

Will be out shortly so use these down days as an opportunity. A reminder, Sharon Report caused the stock to double the same day so when GUY comes out there will be solid support for the stock at much higher prices plus Chariot drilling will put a lot of attention in the area. Having your resources estimates done already will be big when big players lot at the area and keep in mind that this company could be sold long before they even get to a drilling stage - UNX Energy sold for $730 million so expect EOG with higher resources estimates in concentrated area such as Sharon to be worth more.

 

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