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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 Nov 08, 2012 1:37pm
129 Views
Post# 20577464

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

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

         I have mixed feelings about the issue. It is nice to see it at 40 cents which is a nice premium 

         to the prior trading price of 30 cents. On the negative side it is down from the prior issue of 

         60 cents. This reflects an inability for the company to garner much enthusiasm from investors.  

        It underlines the fact that EOG has no strong shareholder ready to sponsor the stock.  The stock  

        is held by weak hands.  

                

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities