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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 AnMaron Jul 03, 2019 7:49pm
171 Views
Post# 29885077

Tullow Runs the Show

Tullow Runs the ShowTullow is running the show, so any news regarding spudding wil come from them first (they have a Tullow rep on the ship for sure); This is all just par for the course so far - are we surprised? not really, this just makes GH look a little stupid or misinformed. My thinking is that the well has been spud by now and GH is just waiting for an OK to make the announcement (as promised to us).

I suppose one could look at the typical timing of Tullow well-spud-announcements in the past to get an idea of what we should expect. Definitely low priority as far as they are concerned. I would really be surprised to hear that spudding the well got delayed due to some equipment/supply failure, but whatever, it is what it is.

The delay has certainly taken some of the wind out of our sails.
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