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 Jul 19, 2012 2:10am

241 Views

Post# 20129625

News from the neighbour PCL

https://www.pancon.com.au/investor-centre/asx/2012/reports/190712.pdf

Quote from the news:

"Pancontinental acquires additional 10% in Namibia Licence EL 0037
Pancontinental Oil & Gas NL (“Pancontinental”) is very pleased to announce that it has reached
agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to
purchase 10% of Paragon’s interest in the EL 0037 licence for US$4 million."

It is nice reading, because they give a outlook on who is going to drill how many wells when etc. as well as summarize "the story" offshore Namibia.

Here and there you may exchange PCL with ECO in the text. ;-)

Have a good start into the day,
Neo

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