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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 Lunchisforwimpson Mar 02, 2016 4:20pm
116 Views
Post# 24614566

Exxon to Drill 4 more Wells to Appraise Liza

Exxon to Drill 4 more Wells to Appraise Liza"Upstream previously reported that ExxonMobil intends to drill at least four more wells on its 6.6-million acre Stabroek block. These will appraise Liza an Upper Cretaceous discovery and also target an exploration prospect called Ranger, a different play concept from the initial hit. Sources familiar with the geology of the trend said they believed the reservoir would produce light oil with low viscosity that could flow at rates of anywhere from 15,000 to 20,000 barrels per day from a single well."
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