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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

Comment by venturetrader11on Sep 16, 2019 1:24pm
154 Views
Post# 30131912

RE:RE:Feeling like a Leaf fan today - ie there's always next year.

RE:RE:Feeling like a Leaf fan today - ie there's always next year.
The analysts suggested that this resource may not be developed as a standalone. That probably flustered people who would rally this up. On the drilling side they may have missed drilling on the exact location - drilled too close to edge - only report will tell. But this is very positive news since it derisks upper tertiary and allows more prospects to be evaluated. Hammerhead and jethro derisked upper cretaceous and Liza derisked lower cretaceous. All in all this is great
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