Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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.

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Eco (Atlantic) Oil & Gas Ltd

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Comment by hereandthereon Mar 10, 2016 8:16am

128 Views

Post# 24642473

RE:RE:RE:BOOM! another 6.5 million shares the company will be buying

Just got to be patient. This news of further buy backs helps put a floor under the SP. SP moved from 8c to 22c over the past year largely due to the buy backs. No one interested in E&P companies at the moment. They will be one day. In the mean time, ECO has made some cracking deals.

Farm out, funding via acquisiton (17c equivalent), Ghana and Guyana. Fully funded and partners to do the work and pay the bill.

W e ust need a drill decision in Namibia to generate some excitement. Nothing like elephant hunting to wet the appetite!

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