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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.


TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd > New Press Release - Eco (Atlantic) Oil and Gas Ltd. Announces Acquisition of Further Interest in Orinduik Block
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Comment by Lonegaurdian19on Aug 10, 2023 8:27pm
174 Views
Post# 35582965

RE:RE:RE:New Press Release - Eco (Atlantic) Oil and Gas Ltd. Announces Acquisition of Further Interest in Orinduik Block

RE:RE:RE:New Press Release - Eco (Atlantic) Oil and Gas Ltd. Announces Acquisition of Further Interest in Orinduik BlockFascinating deal, frankly fantastic

Im sure Total and Qatar are popping champagne in hearing of the headache that is Tullow is gone. Their CEO is an absolute joke but I will give him credit in securing the Royalty. That could be massive now that things are going to progress.

Whats next?

Farmout potential partners: (XOM cannot)

Chevron?
AOI?
Chinese firm?
APA?
Frontera via CGX?
Total ups it's stake?

Only problem I see is the capital to drill the next well given the percentage they will own.
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