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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 Ebenizer3on May 22, 2024 9:33am
320 Views
Post# 36051653

Step in the right direction...curiosity of Harel1976...

Step in the right direction...curiosity of Harel1976...
 
•••
Post by Harel1976on May 22, 2024 8:22am
11 Views Post# 36051515
Steady progress in south africa
"South Africa’s ruling African National Congress and the Democratic Alliance party — which may end up forming a coalition government after this month’s elections — are both keen to see offshore exploration in the country, particularly off the west coast.
 
In October 2023, South Africa’s Department of Mineral Resources & Energy (DMRE) granted an environmental authorisation for the TotalEnergies to drill an exploration well — the first of up to 10 wells — in DWOB.
 
However, third parties had a right to lodge a formal appeal against the DMRE’s decision, with the Department of Forestry, Fisheries & Environment (DFFE) receiving its eight compliant appeals by the mid-November deadline.
 
On 6 May, SLR Consulting — which is handling the DWOB environmental approval process on behalf of TotalEnergies — said that DFFE approved the drilling plan, "
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