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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.

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Price: £1.30

Market: AIM
Market Cap: £238.03 m
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Big oil discovery offshore Guyana is just the beginning for Eco Atlantic...

Results from the Jethro-1 well offshore Guyana exceeded all expectations a delighted Eco (Atlantic) Oil & Gas Limited (LON:ECO) chief executive Gil Holzman told Proactive. He explains that the 55m of high-quality oil beat pre-drill estimates and has de-risked the tertiary sandstone layer...

6 days, 16 hours ago

2 min read

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