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Bullboard - Stock Discussion Forum Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

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

TSXV:EOG - Post Discussion

Eco (Atlantic) Oil & Gas Ltd > Access to Exxon drilling prospects
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Post by Lonegaurdian19 on Jan 23, 2022 11:52pm

Access to Exxon drilling prospects

Anyone know of a newer map of where exxon is drilling? I know real-time ship location is available but it will be interesting if Exxon decides to drill closer to Hammerhead. They already struck there and seem to be getting more ambitious as far as moving from the Golden-line. They also kind of delineated the extremes of the basin with their previous wells drilled with JHI. They went super far north, will be interesting to see if they start further exploring south of Lisa again.
Comment by pantono1 on Jan 24, 2022 1:50am
This post has been removed in accordance with Community Policy
Comment by dat51or on Jan 24, 2022 4:44am
Exxon's next two wells are Barreleye and Talapia. No map, but the article says Barreleye is quite a bit farther off shore than Talapia. https://oilnow.gy/featured/barreleye-tilapia-could-deliver-more-pay-at-guyanas-largest-block/
Comment by dat51or on Jan 24, 2022 12:10pm
And the Patwa 1 well was just spud... https://guyanatimesgy.com/exxonmobil-begins-exploration-drilling-on-new-well-offshore-guyana/
Comment by Lonegaurdian19 on Jan 24, 2022 1:17pm
Much appreciated, looks like we won't be getting any free info via analogous drilling on our next well but I still remain confident the north eastern part of the block is a goldmine. Given the recent news anyone willing to bet Petrobras and Tullow have a phone call? Just speculation 
Comment by dat51or on Jan 24, 2022 1:38pm
Yes, I agree Orynduik drilling is the main prize for Eco. I'm not sure what you meant in the Petrobras, Tullow reference. (Yes I know Tullow is stalling as they are near broke and don't have to drill until 2023...), But Petrobras? Care to elaborate? Thx for your posts LG! --- dat
Comment by Lonegaurdian19 on Jan 24, 2022 3:30pm
President of Brazil just got into the mix and vis-a-vie petrobras. Total and Qatar Energy are literally joined at the hip but have partnered with Petrobras before. Possible, but just speculation Tullow farms down to 15% with a portion of its farm down going to Total, QE and Petrobras  Total/QE would take over operatorship
Comment by dat51or on Jan 24, 2022 5:16pm
Re your Petrobras scenario... dat to Tullow: "TAKE IT!" The sooner Tullow gets out of the way, the better. IMO and best... dat
Comment by Schreibzey on Jan 25, 2022 10:52am
They might, and it would be warranted by ECO Shareholders. But if Tullow has no money, and wants to maximize value of Orinduik, why would they make a deal today? If they've forecasted oil price to rise, perhaps they could get multiple bids and maximize their lot. 
Comment by Lonegaurdian19 on Jan 25, 2022 12:30pm
Any deal done byTullow works for me. They have proven to be masters of capital destruction so I could care less what they get for their piece as long as they get out of the way. 
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