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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 zagorskon May 30, 2013 12:52pm
170 Views
Post# 21461519

RE: All Good

RE: All Good

        Summed up nicely HandT ! I was wondering where you were.    

  Baically there was no reason to sell the stock on HRT's news but I am trying 

 to figure out if the news was good enough to buy a small amount more.   

          

 Why is the stock in the 45 to 50 range?  The only thought I have is that we are 

 listed on the TSX-V rather than the LSE.  It seems to me that the coverage of the 

African West Coast is much greater than it is in Canada. We see daily that the stock 

has very few willing buyers and there is overhead at 50 cents. I suspect the Europeans 

are much more interested in finding new sources of oil while in Canada the entire 

energy sector has been in a very long slump due to HZ shale drilling in the U.S.  

              

 Whatever the reason I would sure like to see more buying interest in the stock.  

    

 

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