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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 dat51oron Sep 13, 2024 5:10pm
185 Views
Post# 36223149

Betenberg quote on Guyana

Betenberg quote on Guyana"Highlighting the possibilities in Guyana, the analyst said he expects interest is high, due to ‘the potential to test for light oil in Cretaceous reservoirs, similar to those in which Exxon has discovered more than 11bnboe in the contiguous Stabroek block’.

“We expect a deal here to be the next main catalyst for the company, potentially before the end of 2024,” Carmichael added."

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