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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 Aug 29, 2018 1:46pm
70 Views
Post# 28537024

RE:RE:RE:RE:RE:Any guesses...

RE:RE:RE:RE:RE:Any guesses...I am bullish but Gee whiz stop with the BS 3D assessment repeat news (we have broad shoulders).  It hurts credibility with investors looking for delivery...stop it.already...press that it's delayed and perhaps why...

On another note, Mgmt guesstimated as a non-material ballpark musing a first hit in Guyana would be worth a $3.75 to $5.50 share price (post Total buy in) ...that is one target hit in the portfolio versus multiple (one would likely begat more like Exxon)...no I won't post who said it but it was a credible guessimate...(there was no math).

AOI and Total are not dummies which is why they are in and coming into the portfolio respectively.    A rally will happen but not until 2019 with a rig deployment announcement.
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