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Africa Oil buying in deal with warrants at Eco (V:EOG)

Updated Monday Jul 04, 2022 02:00 AM EDT

Africa Oil Corp., a 10% Holder, acquired 4,864,865 Common Shares on a direct ownership basis at a price of $0.480 through a private transaction on June 27th, 2022. The insider also acquired 4,864,865 Warrants. This represents a $2,335,135 investment into the company's shares and an account share holdings change of 9.7%.

Eco (Atlantic) Oil & Gas is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company. Its primary business is to identify, acquire, explore, and develop petroleum, natural gas, and shale gas properties. The Company operates through two segments: Oil and gas exploration and Renewable energy - solar projects. The Company primarily operates in the Co-Operative Republic of Guyana (Guyana), the Republic of Namibia (Namibia) and South Africa. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers offshore Guyana in the Suriname Guyana basin (Orinduik License) and is located approximately 11 kilometer up-dip from ExxonMobil's Liza discovery and 6 kilometer up-dip from Hammerhead discovery. In Namibia, the Company holds four offshore Petroleum exploration licenses (PEL): PEL number 0030 (the Cooper License), petroleum exploration license number 0033 (the Sharon License), petroleum exploration license number 0034 (the Guy License).

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Go to Eco (Atlantic) Oil & Gas Ltd. (EOG)'s company page

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