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 > Cash in the balance sheet

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Comment by nailbenderon Oct 15, 2024 3:46pm

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Post# 36266939

RE:Cash in the balance sheet

Guess , that's why we have markets. I see things totally opposite. Don't want to see management getting sidetracked from their stated mission . Gil gets an A plus grade from me this year. If my math is right we should have 9 million in the kitty that could grow to 20 million next year should Total drill 3B.The share count has come back down some.
Orinduik has some value
plus we have other concessions for Gil to peddle.
All for a market cap of 42 million if my numbers halfway close.

I bought more today
Good luck to all

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