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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

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

Comment by hereandthereon Jan 11, 2013 5:42pm
193 Views
Post# 20828319

RE: RE: RE: MS

RE: RE: RE: MS

think it will take a while but we will go past 40c and get to 50-60c range by March. there must be a bit of an overhang form the 30c range that will need clearing out on the way up. HRP spudding in March will generate vast amounts of press, hype and sideways attention. EOG will profit from this, and then it will all come down to how much risk and exposure you will want on the Walvis Bay drills.

 

Looks there will be 3 to 5 wells in our areas over the next year. great time to be invested

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