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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 deepthinkon Sep 06, 2019 12:06pm
160 Views
Post# 30102631

tripletail or joe?

tripletail or joe?"Now turning to Guyana. Our exploration success on the Stabroek Block continues with three new discoveries so far in 2019 at Tilapia, Haimara, and Yellowtail. Bringing the total number of discoveries on the block thus far to 13. We completed drilling operations on the Hammerhead-2 and Hammerhead-3 wells in June and July, respectively, which included a successful drill stem test on Hammerhead-3, and we are currently evaluating the results for potential future development. The Noble Tom Madden drillship is currently drilling the intermediate section of one of the Liza Phase 1 development wells, and will then return to finish drilling the Tripletail-1 well with results expected in October. The Stena Carron drillship, recently commenced drilling at the Ranger-2 appraisal well as a follow-up to the successful Ranger-1 exploration well, which in January 2018, established a large oil bearing carbonate structure located approximately 60 miles northwest of the Liza Field. An extensive logging and coring program as well as a drill stem test are plan for Ranger-2." From Hess Jul 31 earnings call.
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