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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 TripleR44on Jan 28, 2016 10:43am
146 Views
Post# 24501415

EOG Affirms Orinduik block pursued prior to Liza

EOG Affirms Orinduik block pursued prior to LizaToday EOG affirmed it pursued the Orinduik block next to Liza prior to the Exxon discovery,  They also executed the JOA on what appears to be an expedited or priority basis, It also appears to indicate the level of interest of Tullow. I really like the traction EOG is getting, the market recognition and the potential to appeal to a broader audience of investors looking for high risk/high return elephants. EOG is so thinly traded this is getting interesting.  I look forward to the coming months and year.  Well done...congrats to those who have been and continue to be patient...even though it is early days...
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