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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

Comment by EnergyHunter1on May 26, 2012 6:16am
346 Views
Post# 19949096

RE: Summary for Newbies - A 20 Bagger in 12 months

RE: Summary for Newbies - A 20 Bagger in 12 months

Excellent post grh25. I'll admit that I've only recently bought into EOG, as I've been pouring money into East African plays like AOI/HRN/SMB/MES for this past while,  and only after much debate and research decided I needed to expand in to West Africa as well. I bought in to EOG after I researched and compared other plays within the area, and am happy I decided with this one. Although, I'll admit I was expecting a bigger bump with the GUY report I've attributed this to the markets in general these days. I bought in at 0.84, and although currently in the loss column, I agree with many posters on this board who have said those with patience will be rewarded with this one, and I have to agree. I get excited about all my plays and their potential, that's why I buy them. But when the GUY report came out, even after doing my own DD and being a reader of this board before I even invested, my whole perspective about EOG changed. Upwards of 18 Billion barrel potential on their blocks, and up to 8-10 wells being drilled within their vicinity over the next year, eventually this will fly. I'm actually a little happy people aren't as aware of EOG as they probaly should be, though it will surely change, because I'm an investor who tries to see the bigger picture when deciding on which plays I want to get involved in. And seeing the bigger picture with this one when compared with their share price, I think I'll be averaging down while the opportunity is available. Appreciate your thoughts. EH1.

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