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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 17, 2013 4:59pm
184 Views
Post# 20853459

RE: I bet there will be news

RE: I bet there will be news

I doubt it. The volumes are tiny. Not even half a percent of the stock. Remember how much of the stock is tightly held. We have just got rid of a persistent seller who supressed the price for 2 months. The stock has a long way to go to get back to realistic values. We have had some great gains...about time! Again , we have had some of the 30c retail holders cash in for a 10c gain. Natural profit taking. The recovery has just begun. So many fundamental possibilities to drive the price forward this year and beyond. Happy to hold and wait for full value.

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