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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 Sep 07, 2023 5:50am
146 Views
Post# 35623407

RE:RE:Realistic timeframe

RE:RE:Realistic timeframe

Gil has skills without doubt. That is the reason I've held for years. With the market as it stands that will be the determining factor. 


Does he have the relationships and acumen to pull off a "company maker"?, I think so.

With two recent transactions one (related party) in AOI I don't see much upside, unless Total states they found 10+billion barrels.

Where I would be truly impressed is if he can get a farmout on one of our Namibian Blocks.

Ultimately, assuming things work out, given the limited players in the game. A merger with AOI seems inevitable. What that looks like, time will tell

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