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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 TripleR44on Oct 31, 2016 3:13pm
78 Views
Post# 25407132

Exxon - It's a Huge Field - Area could be is second Angola

Exxon - It's a Huge Field - Area could be is second AngolaUpstreamonline.com, reporting on ExxonMobils plans, yesterday said that this early production system could be the forerunner of a full-field project, tentatively based on a larger FPSO with capacity in the range of 150,000 to 200,000 barrels per day (bpd). However, industry sources cautioned that the US Company has not yet taken definite decisions on its preferred strategy for Liza, and that how it will move to full field development is not yet clear. Nevertheless, ExxonMobil, is said to be enthused by the potential of Liza, a play-opening frontier wildcat which was completed in May. Its a huge field, said one source, adding that ExxonMobil thinks that this area could be a second Angola.
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