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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 Lonegaurdian19on Jan 07, 2022 11:42pm
389 Views
Post# 34295620

Moving Tullow out of the way

Moving Tullow out of the way

I could see a Carry farm down or more interestingly a CVR purchase agreement for their non-core portfolio. Honestly Tullow not going bankrupt and then dragging their feet was the worst case scenario for ECO. That being said, with some creative financing removing them as a head wind is quite possible and probable. New year budgets should help us out here. 


one thing I think most people have forgotten is in the Guyana drilling campaign on our block we have gone 2/2. We just drilled too shallow, the petroleum system is there now we just need to hit the right targets at depth.

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