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 > Why Eco Atlantic is buying into JHI Associates

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Comment by Malpeque2on Aug 04, 2021 9:48pm

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Post# 33652924

RE:Why Eco Atlantic is buying into JHI Associates

CGX. Seriously. You like that company? Did they ever drilling anything?? On any block on or offshore Guyana? In what, about 20 years.

I saw the accumulated defecit over the company history. $293M US. It looked like a musical chairs gong show with all the different leases and lease names in Guyana.

I guess they did shoot or buy some seismic over the period of the $293M US losses.

Shareholder Equity is today about $19M. Pretty good burn rate still today!

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