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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 dat51oron May 01, 2020 1:10pm
122 Views
Post# 30976745

RE:RE:RE:New opinions

RE:RE:RE:New opinionsI'm guessing that near term we have three likely events that will lift ECO. First is Tullow shedding further percentages of assets. Nigeria which is targeted for a deal in June. Then Guyana is my guess. Having a new operator on Eco's block will be huge. (?Total?) Then there's drilling near some of our Namibia holdings. This won't be a big mover for our share price, but very significant longer term. I sure like the conservative approach mgt. has taken. A year from now will be soooo different. Patience. dat
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