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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Energy Oil & Gas E&P
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

Eco (Atlantic) Oil & Gas Ltd > Namibia farmout speculation - Exxon?
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Post by dat51oron May 17, 2024 4:50pm
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Post# 36046431

Namibia farmout speculation - Exxon?

Namibia farmout speculation - Exxon?https://www.theglobeandmail.com/business/international-business/article-namibia-targets-first-oil-production-from-totalenergies-venus-field-in/

Exxon drilling in Namibia in 2025? I'm wondering if they're farming into our Walvis basin blocks?

U.S. oil major Chevron 
CVX-N +0.98%increase
 
 is expected to begin exploration in Namibia later this year, with Exxon Mobil 
XOM-N +1.50%increase
 
 aiming to follow in 2025, commissioner Shino said.

Credit to Mr Mo on another board.

--dat


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