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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

Post by NeoMon Apr 18, 2014 12:06pm
204 Views
Post# 22467462

PCL's conference presentation - very interesting

PCL's conference presentation - very interestingHi there again!

PCL was presenting this week on the conference in Windhoek, as far as I know, ECO was "just" sponsoring.

Little bit about their recent drill offshore Kenya and lots of very interesting stuff about leads, prospects, seismic etc. etc. offshore Namibia, which is also important to holders of ECO, because PCL is one of our direct neighbours.

Take a look and enjoy: https://www.asx.com.au/asxpdf/20140417/pdf/42p22k18mdx1dt.pdf

From my point of view it is no wonder that Tullow farmed-in and is willing to spend a huge amount of money.

Hope that ECO will be as lucky as PCL in 2014 and that we will get a similar farm-out deal. Would like to see them shooting 3D seismic on Cooper later that year and sinking the drill bit in 2015.

Wish you all a Happy Easter,
exciting times ahead,
Neo
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