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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 23, 2013 1:59am
176 Views
Post# 20875849

RE: Another Up Day

RE: Another Up Day

I am here Wisee, just happy to see that the sellers are totally cleared out and the buyers are back. Great to see that II buy at 49c the other day. There has been some minor selling. This is much expected as there must be loads of retail investors happy to take 25% profits from the 30c ranges. SP consolidating and rising steadily. We are still only a $30 million company. I think we should be worth a lot more than this pre any oil find and post........sky's the limit. The UNX sale price is a good guide line and I think we would be worth a lot more than that on any significant oil find in Walvis Baisin. Hopefully a life changer

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