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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.


TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd
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Comment by Grizzle1on Jun 06, 2012 11:17am
228 Views
Post# 19985222

RE: RE: Big News

RE: RE: Big News

Sorry to spoil the party guys but Chariot and Serica down on AIM today and so is Tower - can you believe fell 3% after announcing the Repsol farm in.

All the moneys going into East Africa at the moment and until someone hits oil in Namibia it wont take off in a serious way - just big oil maybe buying up acreage IMO.

There are good price plays in EA at the moment like Simba, HRN and Red Emperor/Range. Tullow and AOI driving it hard. Theres no Namibia Champ and it wont explode until hopefully Char/PB/BP hit Nimrod big time!

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