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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 Mar 04, 2013 8:21am
200 Views
Post# 21072278

RE: HRT Drill Update

RE: HRT Drill Update

 

 
The BB poster Grizzle has posted Byron King's report of his meeting with Peres of HRP.
 
Worth a read as it adds some colour to what goes on in such an operation. 
 
Things are coming to a head over the next 6 months or so. A big year for EOG share holders. Any strike by HRP really puts EOG into the most fantastic position. If HRP strike decent hydrocarbons, I don't think EOG will be in existance for too much longer. That UNX buyout price of $730 million may be light years away from our present MC of $25 million but it will be a very gettable number IF our neighbours drill bit hits.
 
Interesting second half on Friday. Looks like the latest seller might have been cleared out. What an ugly and dumb dump it was!
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