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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 > Gazania - totals 500 million barrels in 3 targets....
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Comment by Harel1976on Aug 14, 2022 7:22am
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Post# 34894838

RE:RE:RE:RE:RE:RE:Gazania - totals 500 million barrels in 3 targets....

RE:RE:RE:RE:RE:RE:Gazania - totals 500 million barrels in 3 targets....3b/4b will be carried post farm out, 7 majors are interested.
The 10m$ deal in which eco accuired another 6.15% and got to 26.15%  of the block is correlated to the farm out so that on a 40% gross farm out eco will remain with 15% while carried. 
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