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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 TripleR44on Jan 23, 2016 5:23pm
92 Views
Post# 24487516

RE:RE:RE:ECO

RE:RE:RE:ECOEOG is grossly undervalued for being within kilometers of both the Liza and Jubilee discoveries. These are not small pools or channels. If seismic reveal the same zones on the EOG blocks we are looking at multi billion dollar possibilities. Now that is real spec/blue sky excitement. If our Namibian properties get action as you suggest it's game on (patience will be greatly rewarded). Tullow is delivering the goods and that is the best kind of partner.  I have high hopes and like how management is grooming EOG into a big winner. The NCIB and anon are quietly absorbing weak or impatient hands. Sellers will have remorse as the tide rises on low volume. Very difficult to get stock right now. 
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