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Last C$0.12 CAD
Change Today +0.01 / 9.52%
Volume 5.0K
EOG On Other Exchanges
As of 3:26 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

eco atlantic oil & gas ltd (EOG) Snapshot

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06/6/14 - C$0.29
52 Week Low
01/27/15 - C$0.08
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eco atlantic oil & gas ltd (EOG) Details

Eco (Atlantic) Oil & Gas Ltd., a development stage company, is engaged in the identification, acquisition, exploration, and development of petroleum, natural gas, and coal bed methane (CBM) licenses in the Republic of Namibia. It holds three offshore petroleum licenses covering approximately 28,000 square kilometers (km2); and 1 onshore shale gas and CBM license covering approximately 5,600 km2. The company is headquartered in Toronto, Canada.

eco atlantic oil & gas ltd (EOG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Chief Operating Officer and Director
Total Annual Compensation: --
Executive Vice President and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

eco atlantic oil & gas ltd (EOG) Key Developments

Eco Atlantic Announces Commencement of 2D Survey on Guy Block, Offshore Namibia

Eco (Atlantic) Oil & Gas Ltd. announceD that it has commenced a 1,000 Km 2D Seismic Survey (the "Survey") on the Guy block (the "Block") located in the Walvis Basin, offshore Namibia. The Company engaged PGS Geophysical Ltd. to perform the Survey, which is expected to be completed by the end of the month. Subject to Namibia's Ministry of Mines and Energy approving the Company's transfer of an additional 10% working interest in the Block to Azimuth Namibia Ltd. ("Azinam"), Eco Atlantic will hold a 60% working interest in the Block, Azinam will hold a 30% working interest, and NAMCOR holds a 10% carried working interest.

Eco Atlantic Announces Successful Closing of the Tullow Oil Farm-Out Transaction

Eco (Atlantic) Oil & Gas Ltd. announced that, through its wholly-owned subsidiary, it has closed the previously announced farm out transaction with Tullow Kudu Limited, a wholly owned subsidiary of Tullow Oil plc. (Tullow), including receiving all necessary Government of Namibia approvals, and the entering into an amended and restated joint operating agreement (JOA) with Tullow, the National Petroleum Corporation of Namibia (NAMCOR), and Azimuth Namibia Ltd. (Azinam). The Company and Tullow have entered into a Farm-Out Agreement (the Farm-Out Agreement), pursuant to which Tullow agreed to acquire up to a 40% working interest in the Company's Cooper block (the Block). With the signing of the JOA, all of the conditions in the Farm-Out Agreement with respect to the initial transfer of a 25% working interest in the Block have been satisfied. Eco Atlantic expects to receive a contribution of its past costs in the amount of approximately CAD 1 million. Eco Atlantic now holds a 45% carried working interest in the Block, Azimuth holds a 20% working interest, NAMCOR holds a 10% carried working interest and Tullow holds a 25% working interest.

Eco (Atlantic) Oil & Gas Ltd., Annual General Meeting, Nov 13, 2014

Eco (Atlantic) Oil & Gas Ltd., Annual General Meeting, Nov 13, 2014., at 10:00 US Eastern Standard Time. Location: 120 Adelaide Street West. Agenda: To receive and consider the audited consolidated financial statements of the Company for the financial year ended March 31, 2014, and the report of the auditor thereon; to elect directors of the company for the ensuing year; to appoint MNP LLP as auditor of the Company for the ensuing year and to authorize the directors to fix its remuneration; to consider, and if deemed advisable, to pass a resolution approving the company's stock option plan, as more particularly described in the accompanying management information circular dated October 10, 2014; to consider, and if deemed advisable, to pass a resolution approving amendments to the company's outstanding stock options and common share purchase warrants, as more particularly described in the accompanying Circular; and to transact such further business as may properly come before the Meeting or any adjournment or postponement thereof.


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