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 OilGold1on Aug 21, 2019 3:36pm

171 Views

Post# 30051880

RE:RE:RE:RE:RE:RE:RE:RE:The AIM

From what I've learned on the boards it would appear the government will not agree to us drilling on Hammerhead. It has to do with the costs of the drill being deducted from their future earnings on the well. Our share will be 5-15% depending on who one reads. I've seen our portion appear quite small on some graphics in the past but recently it seems to be growing, hope it isn't my hopeful imagination. You would think this question would have to be answered before any meaningful price haggling for us. And then there is QP, are they in or out.

r701

Bullboard Posts

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