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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 kaosblueson Apr 07, 2013 11:59am
192 Views
Post# 21222835

RE: RE: RE: RE: rumours

RE: RE: RE: RE: rumours

In light of my previous post here is a CMA (Cover My A**) for ya....."The possibility does cross ones mind that the rumour of a big hit by HRP just might have some truth to it but only in regard to a possible strike in the Solimoes not offshore Namibia."

 Presumably, if they have indeed struck big as rumoured in the Daily Mail article it must be Brazil as they have not been drilling long enough offshore Namibia to have hit anything but mud, at least that is what logic asserts.  Frankly, a possible hit in the Solimoes is the one thing that seems to auger with the timing of drilling and the speedy appreciation in the SP to 1.17 as of Friday.  One suspects we should hear more early this week if not Monday morning before trading resumes if there is any truth to this hypothesis. 

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