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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 rlovetton May 10, 2014 4:48am
163 Views
Post# 22546972

RE:RE:RE:RE:Interesting that there is no interest

RE:RE:RE:RE:Interesting that there is no interest
Welcome back VanWilder. To say it another way, the "market" has given up hope for commercial oil south of the Walvis Ridge......at least it's not presently being priced into the companies with leases there. Maybe the lacustrine environment north of the Ridge which allowed adequate source rock did not exist south of it.....due to volcanoes, ocean currents, whatever. Those few test tubes of oil from the Wingat well gives hope to the contrary, now ignored by Mr. Market. But it must have had a major effect in the thinking at Tullow when they farmed into the PanContinental holding. Take your choice: Mr. Market or Tullow. I'm gambling with Tullow. But we just don't know. rl
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