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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 IceDog13on Mar 25, 2024 3:06pm
141 Views
Post# 35951334

RE:Lots Of Volume

RE:Lots Of VolumeI have been holding and following EOG since before Jethro. During the lulls bettween drilling before the last few months it would rarely trade more than 100k shares in a day. Days under 10k shares were not uncommon. The past few months EOG has been trading huge volumes. Breaking 1 millions shares is a common occurence now. This was unheard of when drilling was not upcoming. The fact they announced a deal on 3B/4B with a couple of carried drills and the share price went down!!! Guessing this has has to do with Azinam shareholders now being able to sell. Can't think of any other leggit reason why we would be trading they way we are.
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