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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 Ogopogo007on Dec 05, 2023 6:07am
209 Views
Post# 35768394

BK - will USA get involved, protect Guyana ?

BK - will USA get involved, protect Guyana ?the US Navy doesn’t have enough ships to go down there, and we can’t do gunboat diplomacy because we don’t have any gunboats, we don’t have any spare gunboats that we can send down there. They can say, “Well, we’ll send an aircraft carrier.” I’m sorry, we won’t, because the aircraft carriers are busy doing other things over in the Med and in the Indian Ocean and the Pacific. So it’s like, how do you do gunboat diplomacy when you don’t have any gunboats? Well, in the olden days, I guess you’d sail a battleship down there or something, but that was then, this is now. So yeah, the opportunity’s there, and you’ve got opportunity, you got motive. So sometimes, isn’t that what the criminologists talk about in terms of when people decide to commit crimes? But this is all in the context of oil becoming more and more valuable. And gold obviously is over $2,000 today, if you’ve been paying attention, it got up to over 2,000 about a week or so ago, and it hovered there
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