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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 Dave4444on Sep 18, 2019 4:36pm
225 Views
Post# 30140781

RE:2 DISCOVERIES?

RE:2 DISCOVERIES?yes given the % interest that EOG has in each discovery and neither has been flow tested (although likely will be good) a 1/2 billion dollar market cap. shows that it is clearly getting ahead of itself at this point.  There are going to be a lot of articles and news for a week or so and then it will be necessary to wait until 2020 for new drilling, so for the next several months I expect the share price to drift lower, but not complaining my average cost of shares was
65 cents and now after a lot of selling my few remaining shares are free.  I will be buying back in buying in a few months  when drilling gets scheduled and ready to go in 2020.
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