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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 Dec 19, 2012 11:55am
124 Views
Post# 20750861

RE: smelling a bit fishy here...

RE: smelling a bit fishy here...

       It is also strange that there is no interest in this stock despite the fact we are approaching 

       the time drilling on adjacent properties is about to start. HRT will be drilling two wells in Q1 

       in the block that is sandwiched by EOG's GUY and SHARON blocks.  

      TOWER/REPSOL is drilling one well in Q1 in the block right next to EOG's COOPER block. 

      One would think that interest would be picking up!   

                  

      It is interesting to note that HRT says that thanks to 3D seismic there is a 25% chance of success. 

               

      

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