Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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

Eco (Atlantic) Oil & Gas Ltd

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Comment by hereandthereon Apr 08, 2013 1:25pm

197 Views

Post# 21226429

RE: EOG moving up

UNX bought out for $730 milion on 2 d seismics alone with no oil finds off shore Namibia.

If HRT strike oil, in Walvis Baisin, it proves up Off shore Namibia, but even more so it proves Walvis Baisin is the oil kitchen that all the experts claim it to be.

EOG will become a buyout target as they have the best, biggest and most varied plays in Walvis Baisin. Half to a billion dollar buyout could easily be achieved.

Market makers are clearly short of stock, price rising nice and steadily.

All looking good.

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