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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

Post by Proseleneson Sep 30, 2022 9:28pm
470 Views
Post# 34998899

A reminder of what the drill will target........

A reminder of what the drill will target........Just a reminder........as we should be spudded by Monday/Tuesday next week.

The vertical well will target the main Gazania prospect, but also a secondary shallower target that is called Namaqualand.

If this vertical hits oil, they will then carry out a sidetrack into the Pelargonium target to see if that too has oil in it.

To be economically viable the discovery needs to be over 50m recoverable barrels.  The potential here is up to 500m recoverable barrels from all three targets

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