ECAOF News and Press, Eco Oil & Gas Ltd From 02/16/23

Summary Africa Oil Corp. has a diverse asset portfolio with operating assets in Nigeria and exploration/development exposure to other African countries as well as Guyana. The company is on solid footing, standing at a net cash position of US$207.3M and is returning value to shareholders...

Oil and gas exploration company Eco Atlantic ( OTCPK:ECAOF ) ( TSXV: EOG:CA ) issued 21,060,000 new shares to the Lunn Family Trust as a consideration for the acquisition of an additional 6.25% participating interest in Block 3B/4B, offshore South Africa. The acquisition...

The following slide deck was published by Eco (Atlantic) Oil & Gas Ltd. in conjunction with this event. For further details see: Eco (Atlantic) Oil & Gas (ECAOF) Investor Presentation - Slideshow

Eco Atlantic Oil & Gas press release ( OTCPK:ECAOF ): FQ1 GAAP EPS of -$0.009. Revenue of $0.02M vs. $0.004 in a year ago quarter. The company had cash and cash equivalents of $38.75M and no debt. For further details see: Eco Atlantic Oil & Gas GAAP EPS o...

The recent discovery of giant oilfields Graff and Venus in offshore Namibia has opened the enormous Orange Basin in southwestern Africa. Intelligent investors do not want to miss such a rare opportunity to profit from the opening of a new petroleum province larger than offshore Guyana...

Eco Atlantic Oil & Gas press release (OTCPK:ECAOF): FQ3 GAAP EPS of $0.00. Cash and cash equivalents of $5.8M and no debt as of 31 December 2021. Total assets of $19M, current liabilities of $2M and total equity of $17M as of 31 December 2021. For further details see: Eco Atlantic O...

The debt repayment is happening as expected. Once the debt is repaid, then the cash flow from Prime will be available to fund other ventures. The business atmosphere in Kenya is such that the cash flow will not command a high valuation. Other ventures are in markets that will ...

Penny stocks have long lured oil & gas investors with promises of huge returns. An underfunded company going against well-established competitors is an uphill strategy at best. A strong balance sheet is one of the best bargaining chips available. The best hope is for the c...

Africa Oil Corp. released extremely encouraging quarterly earnings, but the market was blasé. Even only considering the deepwater Nigerian assets, Africa Oil is deeply undervalued. The downside risk appears to have been priced in, while the next quarter will likely be even be...

Eco Atlantic Oil & Gas (ECAOF): 1H GAAP EPS of C$0.00.Cash and cash equivalents of C$17.2M.Press Release For further details see: Eco Atlantic Oil & Gas reports 1H results