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 hikarion Jul 28, 2024 6:18am

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Post# 36151535

RE:RE:Eco Presentation Jul 30

good to hear that eco got multiple interested parties in Guyana.

But I do not expect too much because Exxon will play a very hard ball for Hammerhead because Exxon is in a strong position (Exxon got about 90% of Hammerhead, Exxon is the operator, Exxon decides when and where to start the development and production of Hammerhead) and Eco is in a weak position there. If Mr. Holzman can make a deal with Exxon, Eco will have to offer Exxon a very good deal, otherwise Exxon will not sign the deal. And in such a catch 22 situation the other interested parties will and can not help Eco concerning Hammerhead.

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