Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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.

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Eco (Atlantic) Oil & Gas Ltd

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Comment by pickintowinon Jul 12, 2020 11:50am

176 Views

Post# 31257398

RE:RE:Appeal court ruled July 8th 2020 PPP party won,bad news Eog

But many are likely be concerned at the chances of a PPP administration that could revisit oil contract terms and possibly even revoke some agreements.
https://www.argusmedia.com/en/news/1899732-guyana-politics-could-upend-oil-contract-terms

Every oil company in Guyana except Exxon ,will have there existing contracts
reneogiated (to more favor the Guyana PPP ) and some contracts possibly will be revoked.
Definalty some very uncertian times ,that need to be followed very very closely.

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