Eco (Atlantic) Oil and Gas Ltd. (ECAOF)

[pro_s2009]

https://ihsmarkit.com/research-analysis/the-upcoming-and-highly-anticipated-gazania1-well.html

The upcoming and highly anticipated Gazania-1 well has the potential to create significant value for both investors and South Africa

28 June 2022 Analene Enslin Erik Meyer

The Gazania-1 new-field wildcat is targeting the up-dip extension of the proven 1988 Soeker oil-bearing A-J 1 discovery, located within the Orange Sub-basin. The discovery well encountered lacustrine sandstones with fair reservoir quality, exhibiting porosities between 10-15%. Although deemed sub-commercial, A-J 1 proved the presence of a working oil-prone hydrocarbon system within the A-J graben, significantly de-risking the Gazania prospect and the overlying Namaqualand prospect.

Upside potential to the Gazania prospect is found in an overlying, separate package of fluvial-deltaic sandstones of the Namaqualand prospect. Both prospects rely on an updip trapping geometry where the sandstones pinch-.......................

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