RE:RE:Conservative valuation Eco Orinduick at his stage....? I humbly think Total matches the required profile and not to forget Eco & Total worked together in the past but one should not forget a key partnership with Africa oil. In 2018, Eco brought in Total Energies as farm-in partners to the block for 25% WI. Eco now holds, a direct, 15% working interest in the Orinduik Block and an indirect, ~1.3% working interest in the Canje Block. Please explore the maps below to learn more about each block. (currently upgraded to 75% after Guyana government approval on a separate 60 % associated with new subsidiary Eco Orinduick.
Key partnership with Africa oil Africa Oil Corp. invested CAD $14m in Eco Atlantic in November 2017, making it a ~19% shareholder of the Company. With over $400m cash in hand at the time, it formed a Strategic Alliance with Eco Atlantic to seek new mutual exploration opportunities. It invested a further $5 million in April 2019. Africa Oil Corp. subscribed for 19.77% of the Company and invested CAD $14 million (£8.46 million) at a 28% premium to the then market price, as of 10th November 2017. Funds will be used to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes. Keith Hill, President and CEO of AOC, was appointed to the Board of Eco so it is safe to say that Africa oil has its say.