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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 jog222on Sep 06, 2012 7:33pm
237 Views
Post# 20327806

RE: RE: RE: RE: RE: RE: RE: bought some

RE: RE: RE: RE: RE: RE: RE: bought some

Investors are looking to Nimrod and are worried it's a duster, but the Chariot board doesn't think that's the case.  Based on what I could tell Chariot didn't provide any concrete information at the Namibia Oil conference today which also put a damper on our SP.

Here's a post from a guy everyone from the Chariot board looks up to for advice and he does seem to have a working knowledge in offshore drilling:

 

I have received reports of terrible weather offshore Namibia, perhaps Hellijohn could comment on wave heights 77 Km offshore to verify such reports.

I am very puzzled by the share price action this week, 31 million shares traded and big falls as nervous investors close out positions as you would expect. Share price did not hit 50p which would pretty well guarantee a dry hole. So whats happening. Could it be we have a gas discovery, enough to disappoint many but enough to encourage others. PURE SPECULATION I HAVE NO INFORMATION AND ITS JUST GUESS WORK..

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