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 > If they hit

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Comment by Lonegaurdian19on Oct 17, 2022 2:13pm

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Post# 35029531

RE:RE:RE:RE:RE:RE:RE:RE:If they hit

It will be interesting. If things go well you have to look at things from an Africa Oil umbrella, with stakes in Impact, Africa Energy and Eco, the South African and Namibian assets might get bundled by a single major. I would think Africa Energy and Eco would work together if Gazania is monetized. Then Africa oil and Eco would be working together to farm down the other block. Across the Atlantic Guyana is an absolute wildcard. I think Tullow will move out for the right price. I could see Apache, Shell or Chevron making a move. Exxon can't really increase its holdings and I haven't see any indication Total wants a bigger stake.

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