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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.


TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd
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  • IceDog13X
Comment by IceDog13on Apr 14, 2025 11:26am
91 Views
Post# 36537988

RE:Who Thinks This Stock

RE:Who Thinks This StockCan it, Yes.

Will it, ???.

I do not think this gets anywhere near $2 based on 3B/4B, even on a successful drill. It should give a much higher floor than where we sit now though. 

If we farm out in Namibia with a confirmed drill schedule, that would also be a nice bump. A successful drill there and we are over $2. 

Could same the same for Orinduik, but I am of the belief that will not happen. I expect come January 2026 we will be forfeiting the licence.  
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