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.

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Eco (Atlantic) Oil & Gas Ltd > Gazania-1 - Ten bagger - 1000%

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Comment by Lonegaurdian19on Aug 13, 2022 2:17am

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Post# 34893584

RE:Gazania-1 - Ten bagger - 1000%

I did a quick analysis of the 150 Mil net barrels they are targeting:

@ $x in ground / 340 Mil shares + 10% premium

@ 3 = $1.45 per share
@ 4 = $1.94
@ 5 = $2.43
@ 6 = $2.91

I'd say this is the most likely range (though Gil may disagree) and I just winged it on the premium.

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