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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 Schreibzeyon Sep 30, 2019 8:21am
168 Views
Post# 30176862

RE:RE:RE:RE:"LIKE 8 MILLION SHARES ISN'T ENOUGH ALREADY" FOR GIL...

RE:RE:RE:RE:"LIKE 8 MILLION SHARES ISN'T ENOUGH ALREADY" FOR GIL...I'm with you. Financially speaking, it's very narrowly focused to say we have 7 drills left.....what happens after that? I've heard GH say that, so I'm not getting onto you, but it implies we're not in it for the long haul. I just don't see how this operation could move anywhere close to production, the executive must know this, but we'll find out when the new CPR comes out. IMO, the CPR would also lead to increased interest based on well data, etc. 
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