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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
Bullboard Posts
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(29)
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Post by Oregonduckon Sep 05, 2019 6:26pm
187 Views
Post# 30100216

It Didn't Look Right to Me

It Didn't Look Right to Me
Don't go dumpster-diving for the ditched shares...As I posited before, either the oil discovery lacks concrete data to support the 100 mmboe probable resource and/or the corruption investigation for revoking the oil leases has merits...Factum: The shares of Tullow (60%), Total (25%) and Africa Oil (18% of EOG) have not moved up with EOG as would be expected giving doubts to the baseline value of the discovery...Must tip my hat to those Israeli promoters for doing a great job.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities