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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 OilGold1on Apr 10, 2014 10:37am
79 Views
Post# 22434776

RE:RE:RE:RE:Tower Resources

RE:RE:RE:RE:Tower ResourcesI've been in for years and have seen renewals, they still concern me more than low prices and dilution. Plenty of time is correct if they are seen complying with terms of their agreement with the Namibian Government. If it should appear they are only treading water in hopes of a buy-out they could find themselves somewhere else. I have some understanding of the risks of off-shore drilling and like the Gondwana story or I wouldn't be here, but having the rug pulled out from under my feet because EOG was not seen to be doing enough to exploit their blocks is a variable I'm a little concerned about. Two years is a long time at my age, I might not be around to see this out lol ..    
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