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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

Post by superoilhunteron Feb 18, 2013 7:00pm
238 Views
Post# 21006669

Namibia is the play of 2013

Namibia is the play of 2013

Through HRT and ECO you can make 10x on your money in both stocks imo.   I can't find a better risk reward play in the market today.  The more I read into HRT the more I like them.  More than a one trick pony there.  ECO I am hoping for a straight buyout at these cheap valuations.  No where to go for ECO but UP.  I'm sure a lot of analysis will be jumping on board soon with the drills set to go.   Exciting year ahead.. lots to look forward to.   

Lastly... WIll ECO want to wait for HRT results before farming out... ?     Or will the farmout partner want to wait for HRT results before farming in??   If I were them, I'd farmin now for less % with option to increase % at a higher valuation.  But.. that's just me.  

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