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 Jan 13, 2017 2:32pm

98 Views

Post# 25705669

RE:RE:RE:RE:RE:Neighbours Announce New Oil Discovery

some sound advise...i do not recall the financing being priced. it is getting hard to buy as liquidity and weak hands dry up...new 3d can be shot in weeks if not days with new tech...interpretation can be expedited and drilling time tables arlthough capital budgets prevail tullow could accelerate (exxon has done)...tullow have years to execute and careful what we wish for anyway when it comes to drilling...in the meantime Exxon and Hess pump out the news...

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