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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 Atonon Sep 20, 2018 5:52am
133 Views
Post# 28653057

Eco will issue 300,000 shares to buy Pan Africa Oil Namibia

Eco will issue 300,000 shares to buy Pan Africa Oil NamibiaThis will probably not move the SP a lot, but anyways new shares not for sale in for 181 days. I think its smart to take some chips off the table until the high risk drilling in Pel37 is cleared, ECO has a lot of blocks around this drilling and will be affected. I´ll give it a 10% probability of hitting movable oil in Namibia (compaired with Guyana 80-90%). After Pel37 im going to step up my holdings in Eco again.

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