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Eco Atlantic Oil & Gas Ltd

Eco Atlantic boss excited ahead of high impact, fully funded wells offshore Guyana

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), caught up with Proactive London's Andrew Scott following the updated CPR on its Orinduik Block, offshore Guyana.

Consultant Gustavson Associates has estimated some 3.98bn barrels in prospective resources across 15 exploration areas, which for Eco’s 15% stake in Orinduik, equates to 597.3mln barrels net to the AIM-quoted firm.

Quick facts: Eco Atlantic Oil & Gas Ltd

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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