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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 hereandthereon Apr 15, 2014 12:45pm
147 Views
Post# 22453340

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Tower Resources

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Tower ResourcesThat sums it up pretty well Neo. I have been here since 9/2012. Traded it a bit but basically held through HRT's drilling last year. Bought some more about 6 months ago.

The key facts for me are

1/. Discovery of quality source rock has really caught the attention of the oil and gas community....forget the market reaction.
2/. Tullow's farm in to PCL gave me renewed confidence
3/. And since, multiple farm ins all over off-shore Namibia

ECO has a tiny MC, is cashed up, has secure licenses, good relations with namibian government and has what good be the most desired O&G real estate in the world if Repsol strikes oil.

I have become good at waiting. One day somebody will hit commercial oil and then the game will really start. MC will go from $20million to $200million in no time
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities