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.

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Eco (Atlantic) Oil & Gas Ltd

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Post by NeoMon Feb 18, 2014 6:47pm

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Post# 22222371

Namibia expects more oil prospectors to follow Shell

Thanks to user Dknow on the Hotcopper board for linking to this article:

Namibia expects more oil prospectors to follow Shell

Windhoek (AFP) - Namibia's government said Tuesday it would soon accept more major oil companies into the country, a day after Shell announced it had bought two offshore blocks.

Petroleum commissioner Immanuel Mulunga told AFP the government was in the process of approving the arrival of two more, as yet unnamed international oil firms, amid the clamour to make the country's first major oil find.

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Cheers and have a good day,
Neo

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