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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 argaivon Dec 17, 2023 2:39am
808 Views
Post# 35788605

All I Could Do

All I Could DoWas average down on the existing shares I already held.  I have a pretty high exposure at this time at about 0.21 US.  It will not take a miracle to be in the money.  An announcement of a farm in agreement and the commencement of drilling ought to give the stock some very mild momentum at a minimum.  

One thing I noticed with respect to investing is that I was very exposed to risk, and there were a couple of times I came out smelling like a rose.  One of my luckiest investments was Southwest Resources back when it was somewhere in the neighborhood of about $2.50 US.  The company tinkered with the assays and that stock got north of $30 US per share.  I was lucky I sold out because once it was discovered that they had tampered with the core results the company went belly up.

I was dumb not to sell my Africa Oil shares when they made their initial discoveries in Kenya.  I remember the message board on this site with investors talking about the share price going to $60.  Oh well could have and should have are a waste of time is what Rick Rule said to me.
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