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LON:ECO

Eco Atlantic Oil & Gas Ltd

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Market:
LON
Market Cap:
£268.69 m
Price
£1.45
Change
7.72%
52 weeks high
152.40
52 weeks low
21.00

In brief

Eco Atlantic is an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities around the world. The Company's objective is to identify technically merited prospective new and developing projects in frontier areas requiring low cost entry. In Namibia through wholly owned subsidiaries, the Company currently holds interests, some carried by Tullow Oil and Azinam, in four offshore petroleum licenses covering more than 32,000 square kilometers in the Walvis and Lüderitz Basins, in close proximity to major blocks controlled by Repsol and Tullow Oil.

In Guyana, Eco Atlantic holds an interest in the 1,800 square kilometer Orinduik offshore block in close proximity to the Exxon Mobil Corporation's recently announced "Liza" discovery holding multi million barrels of oil .

Eco Atlantic enjoys strong local presence in the countries in which it operates and has a longstanding relationship with the energy and oil and gas sectors throughout Africa and other maturing exploration plays internationally.

Insight

Deep dive

Eco Atlantic Oil & Gas has huge prize in its crosshairs

ExxonMobil has made ten discoveries on the neighbouring Stabroek Block with an estimated 5...

on 15/2/19