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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

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

Comment by Lonegaurdian19on Sep 15, 2022 12:37pm
328 Views
Post# 34964702

RE:Not long now........

RE:Not long now........I am kind of shocked the market hasn't taken notice. I like the geology, and results will no doubt be leaked. This area is kind of binary as opposed to a true wild cat, if they hit they are basically proving volume on an updip of a previous discovery. So, knowing it's light sweet previously, they are more testing the trap and volume. That is extremely low risk in terms of unknowns post results, if they sidetrack then that's potentially and extra 150 million barrels that would be pure gravy.
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