logo-loader
Eco Atlantic Oil & Gas Ltd

Eco Atlantic's Gil Holzman outlines big plans for next year's drilling offshore Guyana

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), discusses with Proactive London's Andrew Scott the 2019 plans for drilling in the Orinduik block offshore Guyana.

Holzman confirms there'll be at least one exploration well with the drilling of the Jethro-Lobe prospect slated for ‘late May / early June’.

The prospect, described as “an Upper Tertiary stratigraphically trapped canyon turbidite”, is estimated to host a potential 250mln barrels of crude resources and it is situated in 1,350 metres of water and will be executed using a conventional drill ship.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: 52.5 GBX

Market: AIM
Market Cap: £96.74 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eco Atlantic Oil & Gas Ltd named herein, including the promotion by the Company of Eco Atlantic Oil & Gas Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

SP Angel's Sam Wahab discusses Hurricane Energy, Eco Atlantic, Tullow and...

Sam Wahab, SP Angel’s oil and gas analyst talks to Proactive about the prospects for Eco (Atlantic), Tullow Oil, Hurricane Energy and Union Jack Oil. Tullow (LON:TLW) needs to get back to explorations, which is what it does best says Wahab. Its cashflow needs also means it has to beef up...

2 days, 7 hours ago

2 min read