Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 IceDog13on Aug 05, 2021 10:24am
153 Views
Post# 33654351

RE:RE:RE:RE:Why Eco Atlantic is buying into JHI Associates

RE:RE:RE:RE:Why Eco Atlantic is buying into JHI Associates IMO CGX is a gong show. Worst company I have ever researched... by a wide margin!

Currently have a drill plan announced... they should spud within the next couple of weeks. Their share of the drill costs is about 55million. They have about 10million in the bank. It doesn't take a mathematician to to know these numbers don't add up. No clue how big the target is, they don't seem to think sharing this info is important.  Contradictory information all over the place... eg. they claim in a presentation that one of the targets on Demera is potentially larger then any other single discovery in the Guyana basin... then you read the actual 3rd party geology report and the entire block is only 750 Mbbl. The more I looked into the company, the more I was amazed that anyone would trust their money with this management group.

CGX has really made me appreciate Eco Atlantic's management team!
<< Previous
Bullboard Posts
Next >>