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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 Feb 20, 2018 3:53pm
115 Views
Post# 27589718

RE:Timelines

RE:TimelinesYou are correct in your assessment, there will be no drilling until 2019.  Our 2018 catalysts are defining and confiming our numerous opportunities (not to mention Total's investment affirmation - AOI is already in).  Also all the Major Company activity going on all aound us will further affirm or prove up our potential drill targets (costs us nothing). EOG will be a slow but sure blue sky excitement build. Not a bad thing given the way EOG keeps trading up. Meanwhile the Saudis are cleaning up the oil market over supply.  A real EOG drill target with timelines will ultimately push EOG over a buck easy.    
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