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 5.25% 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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Comment by Lonegaurdian19on Jul 27, 2024 9:02pm

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Post# 36151451

RE:Eco Presentation Jul 30

Thanks for the info, hopefully Gil can answer of the questions investors have such as:

Timeline for Guyana?
Timeline for remaining Namibia blocks?
Timeline for closing the SA transaction?
Use of funds once the SA transaction is closed?
value of the newly acquired block?

I don't know how long most farmout negotiations typically last but with his previous statements of "multiple interested parties" it's time to get something done. Things have to move quickly in Guyana so the sooner the better.

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