Bullboard - Stock Discussion Forum 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... see more

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TSXV:EOG - Post Discussion

Eco (Atlantic) Oil & Gas Ltd > Breakeven Point

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Post by Devanand1 on Feb 27, 2021 7:12am

Breakeven Point

The breakeven point is $48 approximately for the oil in Joe so the price of oil should be in their sixties for this to be aprofitable. Oil prices are forecasted to be higher than $50 so this project should be given the go ahead.

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