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.

TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd

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Post by Ogopogo007on Jan 27, 2022 7:05am

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Post# 34365663

Hoping for another Hammerhead?

Where Exxon drilled and discovered oil reservour extended onto EOG's property? A Discovery for EOG who never turned a drill?

Graff-01 won't do that for EOG however it's part of the bigger picture

Deepwater plays, with highly productive reservoirs, including offshore Nambia, will be prioritized by large companies this year, Wood Mackenzie said last month. Giant prospects in Brazil, Guyana, Suriname, Namibia, and South Africa would be priorities for majors, while deepwater is likely to account for half of all new volumes, WoodMac said.

Sweet spot for EOG to be in 3 of those hotspots

JMHO

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