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.

TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd > Energy Intelligence, Oct 21. Walvis farm-out?

<< Previous

Bullboard Posts

Next >>

Comment by Lonegaurdian19on Nov 01, 2024 2:13am

110 Views

Post# 36291833

RE:Energy Intelligence, Oct 21. Walvis farm-out?

Here's hoping, Gil makes around $300k w/o options so it's about time he gets a deal signed. Guyana is the crown jewel but the forgotten Namibian Walvis blocks could lead to a solid double.

As I've said before, cash is solid. Any asset with an ROI above 10% would justify all the SGA expenses

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant