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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 Lunchisforwimpson Mar 15, 2016 11:51am
138 Views
Post# 24659969

RE:How could EOG be worth??

RE:How could EOG be worth??That is very true. EOG is not very or overly promotional but are very professional. Management and Directors are seriously building for the future without laying out much cash. XOP has 465 million shares out and trades at $.08 for an African Liberian block. EOG will have it's day in the sun once oil recovers and/or if Exxon results are positive. There will be a catalyst and then a take out offer down the road. I would not be surprised if the EOG Board has spurned higher offers but sees multi bag potential. We shall see...DRD8 roughly projected 12 months give or take...I have to agree...
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