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 > All Is Quiet On The EOG Board

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Comment by Splinnteron Aug 05, 2021 6:11am

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Post# 33653366

RE:RE:RE:RE:All Is Quiet On The EOG Board

Thanks IceDog for the correction. I meant Oil Production. ECO is indeed VERY keen on Oil exploration but it requires deep pockets for Oil Production.

Luckily, there are plenty of candidates with deep pockets to buy out Eco Atlantic such as Total, ExxonMobile, Hess, CNOOC, Indian and Arabic Oil Companies to diversify their risks in the Gulf region in realm of emerging threats...

Maybe an interesting question to the audience...
What do you consider as a fair price if Eco Atlantic were on sale?

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