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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 Storckon Jan 24, 2016 4:23am
93 Views
Post# 24488062

RE:RE:RE:RE:ECO

RE:RE:RE:RE:ECOThe close-ology aspect is nice to have but be aware that both Jubilee and Liza are deepwater basin floor fans, which are very individual and distinct depositional features. Being close to one doesn't mean you have one, and even if you do, each one has its own unique characteristics of migration, reservoir, seal, etc. impacting the exploration risk so its not uncommon to come up dry or non-commercial (as has happened in this basin and often happens in W. Africa). As you note, however, the positive element here is that in Tullow we have a partner with substantial experience in this type of geology.
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