Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by OIL_RUNon Aug 21, 2019 6:10pm
147 Views
Post# 30052582

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:The AIMOilGold1 - good observation. I believe Gil spoke to the subject of Hammerhead ‘unitization’ back in Janauary (see link: https://www.kaieteurnewsonline.com/2019/01/20/offshore-guyana-is-the-jewel-in-the-crown-the-mother-of-dragons-eco-atlantic-ceo/).


In the article Gil goes on to say there is no point for any party to spend $40M on a well that nobody needs to drill. 


The positive take here is Tullow has been down the unitization road before (Jubilee, Ghana). They are very effective in working with other parties to develop the resource in an efficient and timely manner. Albeit, would suspect it would be Exxon who take the lead as ‘field unit’ operator for Hammerhead.


There are quite a few discoveries / prospects that are candidates for unitization. Pluma, Joe, Haimara, to name a few...


very interested to see how this plays out... it given these discussions are likely taking place as we speak (or write)...
Bullboard Posts