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

Bullboard Posts

Comment by Atonon Dec 20, 2018 4:30am

143 Views

Post# 29138734

RE:FinnCap have initiated coverage today, TP 1,62 CAD

FinnCap writes in the new analys that in a bidding situation ECOs share price could rise to between 5$ to 8,5$, it make me wounder in they have indications of talks between ECO and a takeover from Total or Tullow. Anyway the target price they have for today is 1,62$ and that dont even include any share of Hammerhead. I strongly think we will se that coming in the following months, then the FinnCap fair value could rise far beyond 3$.

""M&A-based NAV of 325p/sh (5 CAD) , or 500p/sh (8,5 CAD) in a competitive bid situation.""

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