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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 Oct 12, 2022 12:03pm
309 Views
Post# 35019745

RE:Share Price???

RE:Share Price???

ICE,

I think we are in the same boat but I would say this. There is no chance at this point anyone including the rig team knows more than us. So, I think it is more a PR thing. Gil tends to use the same chanels for PR so it's the same audience who likely already committed or are skeptical. I also think there is a small market for folks in our investing parameters (penny stock, small e&p, South African oil, etc...)

I could see a build up to .60 CAD or above the closer we get to target depth. There is always the possibility of an article on Seeking Alpha or another venue that brings more light to this project.

For me, I did the risk/reward and am happy to see if I was right in a couple weeks.
 

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