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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 zagorskon Sep 17, 2012 5:32pm
209 Views
Post# 20377376

RE: Future

RE: Future

       EOG has to partner and this will happen if someone strikes OIL offshore Namibia.   

       Not much will happen until then.   

       EOG is pretty much an all or nothing bet that oil is found.   Some posters think if  oil 

       is found EOG could be worth $10.00 per share. Another way of looking at this is that 

       the market is saying EOG has a 4.00% chance of hitting oil. Most posters seem to 

       think the chances are very much better than 4.00%.   

                     

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities