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 NeoMon Jun 11, 2013 9:05am

144 Views

Post# 21510156

RE: ACQUISITION OF MATERIAL EQUITY INTEREST

Hi there!

One point, I just love about ECO, is its structure of shareholders:

Management + Board 50%

Institutional 30%

Retail 20%

(page 28, presentation for April 2013)

Let's guess who is going to sell, when the heat is on. I don't think it will be management & board, and I don't think it will be most of the institutional, or most of the retail. Let's say half of each.

So there might be round about 25 to 30% left who are willing to give away there shares for a quick earning.

So compared to many other junior explorers, freefloat should be very thin.

That's the way I like it. :-)

Cheers and have a good day,
Neo