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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 OilGold1on Sep 16, 2019 5:12am
143 Views
Post# 30129857

Quite the swings in London Town this morning, 210p -180.5p

Quite the swings in London Town this morning, 210p -180.5pThats $3.44 to $2.96 and currently at $3.05. Perhaps the folks on AIM were hoping for more than 1/3 the oil found so far versus the big find at Jethro, but this proves up Orinduik very nicely. No surprises so far, Carapa on the other hand is what a buyer is going to wait for if they're shopping for a Tullow/Eco combo, hope there is a buyer out there satisfied with an Orinduik share alone. 

I'll have a chunk of shares listed at $3.27 this morning for those interested. This is a bargain for anyone looking for a stake to play a buy-out or staying till next year.
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