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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
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Post by Harel1976on Aug 11, 2022 2:38pm
302 Views
Post# 34889170

Time to buy cheap!!!!

Time to buy cheap!!!! The gold rush starts, chevron will be the first major to farm in to the orange basin post venus, looks like its pel90.
3b/4b should farm out soon after.
Great move by gil preparing for the farm out by taking 26.5% of the block and now the jv can farm out 40% and leave eco with 15%.
Good times ahead..
Gla

https://www.upstreamonline.com/exclusive/chevron-set-to-enter-coveted-block-offshore-namibia/2-1-1276469
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