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 Atonon Mar 05, 2019 1:35pm

165 Views

Post# 29444706

RE:"..Possibility Oriunduik can be as large as Stabroek.."

More and more experts are now thinking the unthinkable, Oriunduik looks as large as Stabroek according to the 3D, this is why the share has edged up bit ..and the race has not even started yet.

What will the share price be when the first drills shows more oil and 5 billion recoverable barrels (like Stabroek) starts to emerge? 10 x $1,40 or 50 x $1,40 .. we will soon see.

https://www.proactiveinvestors.co.uk/companies/news/214744/eco-atlantic-oil--gas-has-huge-prize-in-its-crosshairs-214744.html

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