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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

Post by dat51oron Nov 30, 2021 2:34pm
240 Views
Post# 34181527

I'm Buying

I'm BuyingI broke into the piggy bank and put more ECAOF into my wife's Roth IRA. It's hard to believe that I got shares for $.21 US! ECO has had setbacks - in Canje and especially Tullow dragging their feet on drilling. I do expect Tullow to farm down, but that process is painfully slow and then the new partner will have to ramp up, so I expect 2022 at best. I do believe we have plenty of light crude and am buying at the lows and holding. Waiting is tough, but I think it will be well worth it. Best to those of you that are holding as well. dat
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