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

Bullboard Posts

Comment by Japanophiliaon Oct 03, 2012 4:55pm

99 Views

Post# 20444463

RE: RE: RE: RE: RE: EOG is really becoming painful

I think SQZ is more interesting.

Not only is it in Namibia and Morocco, they have farms ins for their licences in the North Sea, as well as producing in Indonesia. Risks are well spread out, and hence the Chariot miss did not have a negative impact on the SP.

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload