PCL/Tullow
They are committed to a 3D and 3D campaign, re-imburse past costs and pay for one drill......anything up to $130 million for 65%
gives you an idea of the value of ECO's blocks and the true implications of the light oil and source rock confirmation at HRT's Wingat well. It is all about migration and where the oil is. It is definitely there, just a case of finding it using the growing library of seismic and drill result analysis.
ECO has the biggest acreage in the Walvis Baisin and a potential of 18 billion boe.