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Eco Atlantic Oil & Gas Ltd

Eco Atlantic's Gil Holzman welcomes strong investor interest in US$17mln fundraise

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), speaks to Proactive London's Andrew Scott after raising US$17mln of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana.

Eco will now be able to fund its share of up to four additional exploration or development wells, perhaps indicating confidence among the joint venture partners ahead of the first phase of wells.

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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