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Exciting time for Eco (Atlantic) as it passes on first seismic data to Total

Published: 09:04 22 Feb 2018 GMT

Eco (Atlantic) Oil & Gas Ltd (LON:ECO CVE:EOG) CEO Gil Holzman tells Proactive they've forwarded on the first batch of seismic data shot by Tullow Oil (LON:TLW) over the Orinduik field.

French giant Total has an option to take a 25% working interest in Orinduik from Eco for a payment of US$12.5mln.

Eco Atlantic Oil & Gas announces biggest deal to date with Orange Basin farmout

Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) has announced a significant agreement involving a 13.75% participating interest in their Orange Basin Block 3B/4B, with strategic partners TotalEnergies and QatalEnergy. This deal, described as the largest in the company's history, is...

3 weeks, 1 day ago