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 Apr 14, 2016 2:45am

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Post# 24765117

RE:RE:Tullow Drilling

ECO will not sell until at least one/two assets are drilled and oil is discovered. They are in this for real money.

In a couple of years oil price will have recovered and so will Tullow's balance sheet which is a little stretched atm.

I am amazed the market has not realised the significance of Tullow's decision to continue with PCL. I think there will be a two drill campaign in 2017 with an option for a third. One on PCL, one on Cooper....I have been waiting for this since 2013!

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