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.

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Eco (Atlantic) Oil & Gas Ltd > A reminder of what the drill will target........

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Comment by Stampederon Oct 04, 2022 11:59am

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Post# 35004258

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

Great summary - thought I would add my high-level calculations of the value of a finding.

Size of Finding *	Price per BBL **	Value of Finding	Percent of Interest	Shares Outstanding	Value per Share
100,000,000	5.00	500,000,000	0.5	345,000,000	$ 0.72
150,000,000	5.00	750,000,000	0.5	345,000,000	$ 1.09
200,000,000	5.00	1,000,000,000	0.5	345,000,000	$ 1.45
300,000,000	5.00	1,500,000,000	0.5	345,000,000	$ 2.17
350,000,000	5.00	1,750,000,000	0.5	345,000,000	$ 2.54
400,000,000	5.00	2,000,000,000	0.5	345,000,000	$ 2.90
500,000,000	5.00	2,500,000,000	0.5	345,000,000	$ 3.62