Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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.

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Eco (Atlantic) Oil & Gas Ltd

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Post by NeoMon Apr 13, 2012 1:46pm

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Post# 19791587

Eco Atlantic Featured in Upstream Magazine

Just received it by newsletter-mail from ECO:

Eco Atlantic sets sights on cash for Namibia drilling

April 13, 2012

“We see great opportunities in Namibia,” said Gil Holzman, chief executive of the company. EcoAtlantic went public in late 2011 and trades...in the sector,” said Holzman. EcoAtlantic is preparing for the African listing amid a pending deal with Azimuth — the upstream investment division of seismic...), Sharon (blocks 2213A and 2213B), and the Guy licence (blocks 2111B and 2211A). Before the farm out, EcoAtlantic held 90% interests in the blocks.

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