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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 TripleR44on Nov 07, 2016 2:55pm
123 Views
Post# 25433592

RE:RE:Orinduik Proximity to Liza and Exxon Payara Play

RE:RE:Orinduik Proximity to Liza and Exxon Payara PlayI have guesstimated 10 to 15 miles from the maps I have seen (similar to your estimate). I am doubtful this is one large field based on what I have read about turbidite fans. However, Tullow/EOG is in the right neck of the woods (proper Jurassic cooking) towards generating a drill target (via 2D or 3D of which EOG is carried for the first $3 million). An adjacent drill target would be the cause of great speculation. Tullow also knows what it is doing and it could lead to a take out as this area play evolves. Meanwhile Exxon, Hess and partners will be generating news on Liza for our benefit. EOG also has many prospective offshore blocks that could generate similar opportunities. Too bad oil is at $45 or we would be doing much better than $.18. The majority owners of the EOG shares are not light weights on Bay Street. It is just a matter of when EOG has a run.
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