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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 papaloapanon Aug 16, 2022 4:39am
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Post# 34898485

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Gazania - totals 500 million barrels in 3 targets....
The AOI "complex" is getting interesting.  I started with AOI, and have since been pulled into Africa Energy and Eco, and the overlaps complicated.

I see Eco as near term catalyst (Gazania) and 3B/4/B farmout (after the farmout, the next stage catalyst likely slips forward  few years), and lottery tickets (2nd largest concession holder in Namibia and Guyana).

Interesting combination, but development investing is inherently long term, so Gazania is pretty important to hold attention.

Understand what they are saying with "on trend", the conclusion not the technical justification, but also sounds a bit like "this time is different".  Would have thought everything i Guyana is "on trend" with Exxon.

Eco is my smallest stake in these three, but think I will double up on the "low risk" Gazania.  I believe it is, but its all relative, and "on trend".
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