Eco Atlantic Oil & Gas Ltd

Eco Atlantic's Gil Holzman 'proud' as drilling starts on Jethro-Lobe prospect

Eco Atlantic Oil & Gas Ltd's (LON:ECO) (CVE:EOG) Gil Holzman caught up with Proactive London's Andrew Scott soon after announcing that drilling's started on the Jethro-Lobe prospect within the Orinduik Block.

He says the Orinduik partners have estimated the well will take up to 40 days to drill.

Jethro-Lobe will be the first of two wells in the programme with the second following immediately afterwards to test the Joe prospect.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: £1.30

Market: AIM
Market Cap: £238.03 m


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