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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.


TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd
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Comment by Atonon Apr 04, 2019 10:04am
145 Views
Post# 29581415

RE:RE:US$17 million to drill 2+4 in Guyana

RE:RE:US$17 million to drill 2+4 in Guyana https://www.malcysblog.com/2019/04/eco-atlantic-oil-gas/


Eco (Atlantic) Oil & Gas

ECO has announced a successful placing and subscription that has raised £12.9m at 80p, a small discount in what was well oversubscribed. This will more than cover the cost of four more wells after the two currently planned for this summer.

Not surprisingly Africa Oil continues to support Eco, they know a good thing when they see one and the company has gained a bunch of high quality institutional clients and only diluted by 8.9%.

This raise means that the company is equipped for every scenario and will have no questions to answer on the funding front for the foreseeable future. This summer just got a lot more exciting for Eco shareholders…
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities