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 NeoMon Nov 08, 2012 12:46pm

118 Views

Post# 20577084

RE: RE: RE: Further dilution, that is just great

Hi there!

Just quickly: Called IR, money is for 3D-seismic and daily expenditures to run the company.

3D-seismic is planed to start in the next three month, but I forgot to ask in which licence they want to start.

Maybe somebody of you guys could call, ask and post it here.

3D-seismic together with HRT drilling in Walvis and Orange Basin => Very exciting times ahead!

Let's hope and pray that the treasure hunters of HRT won't miss the box with the black gold!

Have a good day,
Neo