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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 Jun 11, 2013 1:38pm
128 Views
Post# 21511509

RE: ACQUISITION OF MATERIAL EQUITY INTEREST

RE: ACQUISITION OF MATERIAL EQUITY INTEREST

           That is a very interesting discovery JOG. These three companies are closely related since 

MKF is owned by IG and Putnam is owned by Great-West Life. IG and GWL have long been sister 

companies located next door to each other in Winnipeg. It is a little too much to believe that investment 

managers from these three companies would have independantly decided to invest in a company 

like HRT. One can only think that a common investment idea such as this would have been generated

by one individual who had a unique insight into HRT and was sharing his information with his

corporate brothers. (or perhaps information came from higher up at Power Corporation which has

such very good connections in the European investment scene.    

                 

      I wonder at what prices these shares were acquired at and when they were acquired?  

      Obviously they were acquired at much higher prices than the current 52 cents !

         

 

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