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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 May 29, 2024 3:23pm
142 Views
Post# 36062905

RE:RE:RE:In Guyana, ECO has 3 Discoveries already, only drilled 2

RE:RE:RE:In Guyana, ECO has 3 Discoveries already, only drilled 2 I really hope I am wrong. Forgetting what everyone has said up to this point and just looking at the actions though. Total walked away. Only they can answer why. At first I thought (hoped) it was because they wanted to concentrate their efforts in S. Africa / Namibia... but to then have them bid on another block in Guyana, that probably isn't it. So maybe they do not like Eco as a partner... but they recently partnered up in S. Africa, so I don't think that is it. 

Only Total can say for sure why they walked away. They had all the info on the block, know the geology better than anyone, and walked though, that is a fact. They then bid on other blocks in Guyana, also a fact. If Total whom would have better knowledge about oil exploration than I could ever possibly imagine to have does not have confidence in Orinduik, I will follow there lead and have none as well.

If you want to start talking about the Walvis or 2B though... giddy up! In my opinion the Walvis after all these years could finally start to pay off in a HUGE way.
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