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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 Lonegaurdian19on Jul 26, 2023 11:30pm
320 Views
Post# 35558903

Sum of the parts

Sum of the parts

Here is my best guess of Eco's three best blocks:

3b/4b:

Total Potential barrels = 3,000,000,000

Stake : 20%, likely to be farmed down to 10% for two carried wells or $17,000,000 per most recent transaction

Succesful find valuation: 300,000,000 X $1 per barrel

Orinduik

Total Potential barrels = 2,000,000,000 (Cretaceous)

Stake : 15%

Succesful find valuation: 2 billlion X .15 = 300 Mil X $3 per barrel = $900,000,000

Guy:

Total Potential barrels = 5,000,000,000

Stake : 80%, likely to be farmed down to 20% for unknown amount

Succesful find valuation: 5 billion X .20 = 1 Billion X $1 per barrel


That's my best back of the envelope calculation.
 

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