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 Lunchisforwimpson Apr 04, 2016 2:40pm

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Post# 24728784

RE:Eco Atlantic News Update

The market does not luv this press release. Operational efficiency on one hand and Mgmt/insider/director dilution on the other. EOG mgmt. buy the stock via NCIB and then hand it out internally via the other. The deal with Tullow was an accomplishment but EOG's share price is still in the red overall with 9,000,000 options out already. Without the NCIB it's even more in the red. PS. answer the damn phone and e-mail it's not a total insider deal.

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