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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 Oregonduckon Nov 13, 2019 1:23pm
151 Views
Post# 30346106

If you Knew Dawn is Coming...

If you Knew Dawn is Coming...
You would have gotten up and not wet your bed...There are plenty of signs that the promoters are pumping hard and not put out concrete well data for months - just like Horn Petroleum (renamed Africa Energy) when they drilled the first well in Puntland - and began drilling the second well which was a non-commercial duster and then released the results of the first well which proved to be non-commercial too...The Technical Analysis was extremely bearish as well...I think this stock is heading much lower. The up gap is filled at $1.05, but the down gap will unlikely to be filled based on empirical data because usually the stock is broken. As the saying goes," The reason it is in a death spiral, is the reason it can't get out of it."
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