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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 > What is with the sell off?
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Comment by tdon1229on Mar 11, 2022 2:46pm
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Post# 34507558

RE:RE:What is with the sell off?

RE:RE:What is with the sell off?

GripnRip wrote: Devil is always in the details, in this case...how will  Eco pay for drilling?

PP at a lower price is fear of some that sold.


 

Could be that Azinam had cash for the drilling ... private company bought by ECO (closed yesterday), so its financials haven't been published.

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