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

Bullboard Posts

Comment by superoilhunteron Jul 26, 2012 3:14pm

190 Views

Post# 20156098

RE: RE: should this hit

Jog ..sounds like you own a whole lot of shares of EOG! I think for EOG to get to a 600 million valuation ( 10/share) its going to take a lot... everyone around them needs to hit pay oil.. and lots of it. ..then EOG needs to bring in some real good farmin partners ( Tullow would be nice).. then 600 million marketcap is very possible. Short term.. i'm looking for 3-5 share.. longer term.. it really depends on what happens.. but could be north of 500 million marketcap if anyone around us hits something big.

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