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 > Broker note - 2 pages

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Comment by Lonegaurdian19on Sep 28, 2022 4:03am

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Post# 34991276

RE:Broker note - 2 pages

It's got a high likelihood off success, seems just a bit behind schedule.

Gil honored local SA concerns (so Political risk is nil)

Drilling an updip that was proven 40 years ago ( your Grandpas geology)

150 milion in shallow water net, 250 million if we sidetrack

I'd say $6 Barrel in ground at $60 per barrel, $9 at $110.

So conservative:

150 x 6 = $2.6

250 x 6 = $4.40

@340 million shares conservatively

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