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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 Lunchisforwimpson Nov 07, 2015 3:57pm
120 Views
Post# 24270150

RE:Potential Monster $

RE:Potential Monster $Most of the trading interest has been the EOG issuer bid.  However, I do note that there has been some anon buying. I am also pleased that the stock is tightly held. The issuer bid has shook out the weak hands. Management and institutions own much of this. If Tullow hits or makes a bid  EOG could move fast.  It would not take much buying to move this thinly traded stock.  The management team and Board are not some cheesy Howe street bunch in for a few pennies. It appears to be some solid Bay Street players in for a pound versus a penny.  I am holding many shares with this being my wildcard hurry up and wait.  I am sure some stock will come out as we approach $.20 (hope not).
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