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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 Jul 10, 2019 7:09am
113 Views
Post# 29902643

More than 15 drill targets identified at Orinduik

More than 15 drill targets identified at Orinduik

More than 15 drill targets identified at Orinduik

More than 15 drill targets have been identified at the Orinduik block offshore Guyana and co-venturers Tullow, Total and Eco Atlantic are fully funded to drill at least 8, having just a few days ago spudded the first of these prospects at Jethro-Lobe.

“Even if we don’t hit on Jethro, even if we don’t hit on Joe, Tullow and Total and our team identified more than 15 drill targets on the block. We are fully funded for at least an additional 6 wells on top of these two so naturally we all cross our fingers and hope that we have a discovery on at least one of the first wells,” Gil Holzman, Eco (Atlantic) Oil & Gas said on a recent podcast.

Holzman said immediately after Jethro-Lobe is completed around mid-August, the Stena Forth drillship will move 2 kilometers west towards the Joe prospect located in shallower water, where the search for oil will continue.

https://oilnow.gy/featured/more-than-15-drill-targets-identified-at-orinduik/


 
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