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.

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Eco (Atlantic) Oil & Gas Ltd

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Post by GripnRipon May 29, 2024 12:01pm

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Post# 36062483

Don't forget Exxon pitched Guyana everywhere.....

...no takers in super Majors, ended up with Hess and Chinese...what a drill success story for them.

The only thing wrong with Tullow walking away...should of done it years sooner as they were doing SFA.

At one point there was talk of Indian participation offshore Guyana as a less troublesome location than Middle East/Russia. Perhaps cheaper oil supplies in middle of ocean ship-ship in middle of night right now than drilling risk.

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