Company
Eco (Atlantic) Oil & Gas Ltd
LON:ECO
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.
294 stories · page 1 of 3
Guyana saw a Big Oil endorsement this week as Chevron was dealt in – ICYMI
In case you missed it … Chevron’s US$53 billion deal for Hess is a ringing endorsement of Guyana’s oil frontier – and, that’s good news for AIM-quoted Eco Atlantic.
Eco Atlantic and partners to analyse drill data after offshore Africa well finds no evidence of commercial hydrocarbons
Chief operating officer Colin McKinley said gases usually associated with light crude were encountered throughout drilling, which he believes is significant
Eco Atlantic shares rise as investors await Gazania-1 well news
Excitement is evidently rising for the explorer's well offshore South Africa
Eco Atlantic rig arrives at Gazania-1 site for exploration well
Gazania-1 is being drilled to a depth of approximately 2,800 metres through a multizone pay section
ECO (Atlantic) expects Gazania rig to arrive at end of September
The Gazania-1 prospect is targeting a 300mln barrels light crude resource
Eco Atlantic rig making its way to the Orange Basin ahead of work on highly anticipated well
The Island Innovator is headed to the Orange Basin, a new oil frontier that has been host to significant discoveries by Shell and Total
Eco Atlantic Oil & Gas’ Holzman 'very positive' about future
“The company possesses highly strategic acreage in exploration hot spots," the CEO said
Eco (Atlantic) in good shape financially and geographically, says Berenberg
"Eco remains well funded for activity across the portfolio regardless of the outcome of the Gazania-1 well"
Eco (Atlantic) increases stake in offshore South Africa block, raises US$12mln
Big discoveries have been made in the Orange Basin recently
Eco Atlantic Oil & Gas on schedule to spud Gazania-1 well in September
Drilling on the 300mln barrel target is now just months away, providing investors with a potential high-impact catalyst.
Eco Atlantic says won’t proceed with deal to buy Guyana investee
“We look forward to remaining a significant shareholder in JHI with over 7% of the company and, as such, retain exposure to the potential of the Canje Block."
Shell reportedly finds 2bn barrels of oil and gas in the Orange Basin; Eco Atlantic next cab off the block
It has reportedly identified the oil equivalent of the motherlode off the shores of Namibia
Eco (Atlantic) Oil & Gas: Broker remains bullish after fundraiser
Peel Hunt repeated its 'buy' 100p a share price target
The Orange Basin: A one minute guide
The Orange basin is being seen as a hot spot for exploration offshore Namibia and South Africa.
Eco Atlantic closes oversubscribed £19.5mln fundraiser
The new capital will be used to support the drilling of the Gazania-1 well on Block 2B, offshore South Africa
Eco Atlantic gets approval from TSX Venture Exchange for Azinam acquisition
"We look forward to receiving the final formal acknowledgement from the South African government for the change of control entities and to making further updates on our strategic acreage in due course," said CEO Gil Holzman
Eco Atlantic details high volume, high impact opportunities offshore Guyana, South Africa and Namibia
“Eco has the capacity to participate and provide strategic value accretion through the drill bit," said COO Colin Kinley
Eco Atlantic CEO sees catalysts after latest deal
Chief Gil Holzman sees well opportunity as catalysts for investors after JHI deal
Eco (Atlantic) Oil & Gas deal creates attractive and diverse exploration portfolio - broker
Eco has boosted its portfolio at a time when +US$100 crude oil may see exploration activity take off, so says stockbroker Peel Hunt.
Eco (Atlantic) to acquire Guyana explorer JHI Associates in US$52mln deal
“This transaction adds to Eco's strategic acreage position in Guyana and ensures that there will be a number of drilling catalysts over the next couple of years on Eco's eight offshore blocks," said CEO Gil Holzman
Eco Atlantic completes Azinam acquisition
“We now own and operate a number of highly prospective licences in three of the most exciting regions for exploration in the world: Guyana, Namibia and South Africa,” said Eco Atlantic co-founder and CEO Gil Holzman
Eco (Atlantic) Oil and Gas Ltd inks rig contract for South Africa well
"We are pleased to be making progress in our exploration and drilling plans for 2022,” said Eco chief operating officer Colin Kinley.
Eco (Atlantic) Oil and Gas Ltd prospects boosted amid ‘positive and busy start to 2022’
"Eco continues to assess both asset and corporate opportunities, as well as a number of meaningful catalysts that have the potential to deliver value for all stakeholders," said chief executive Gil Holzman.
Eco Atlantic set to receive funds from sale of Greek solar energy asset
Solear's acquisition of the project was funded via a shareholder loan provided to Solear by Eco Atlantic
Eco Atlantic Oil and Gas inks definitive deal to acquire projects near Shell’s Graff discovery
The opportune deal was initially struck last month, before Shell's discovery in the Orange basin - which straddles Namibian and South African waters.
Shell discovery breathes new hope into juniors busy in Namibia
The discovery is likely to lead to some hasty reassessments of the value of the acreage in the region
Eco Atlantic increases stake in Exxon partner offshore Guyana
In increases the company's interest in multi catalyst, high impact, exploration according to chief executive Gil Holzman
Eco Atlantic Oil and Gas acquires assets offshore South Africa and Namibia
Chief executive Gil Holzman described it as an exciting transaction which adds a drilling opportunity later this year.
Eco (Atlantic) Oil and Gas is 'extremely upbeat' on 2022 outlook
"We are extremely upbeat about our operational outlook for 2022; in the near-term, we look forward to updating the market on technical results of the Sapote-1 well and updated drilling plans on the Canje Block," Gil Holzman said
Eco Atlantic Oil and Gas eyes next wells offshore Guyana and Namibia
"Each additional well drilled in the basin, both commercially developed or drilled and abandoned, adds to our understanding of the area," said chief operating officer Colin Kinley
City analysts eye significant upside offshore Guyana
Prospects at Canje have the potential to be larger than the oil accumulations found to date nearby (which are already counted in the billions of barrels).
Eco (Atlantic) Oil & Gas upbeat as JHI transaction yields well catalysts offshore Guyana
“We are entering a very busy period of drilling and updating drilling plans," chief executive Gil Holzman highlighted
Eco (Atlantic) Oil & Gas seen as a ‘buy’ with material upside, well news is keenly awaited
Berenberg has a 125p price target and a 'buy' recommendation for the explorer.
Eco (Atlantic) emphasises strong cash position and significant near-term catalysts
"Despite the ongoing macroeconomic backdrop, we remain very positive about what the future holds for Eco Atlantic," said Eco's boss, Gil Holzmann
Eco Atlantic Oil & Gas remains confident in Canje block’s potential despite well setback
“I have a great confidence that our Canje Block exposure will yield great returns and oil discoveries," CEO Gil Holzman said in a statement
Eco (Atlantic) Oil & Gas to buy stake in JHI Associates to gain exposure to Canje Block
Eco also announced a private placement with strategic partner Africa Oil Corp. and Charlestown Energy Partners LLC to raise about C$6.1mln
Eco Atlantic Oil & Gas eyes drill news in coming months
Along with its exploration partners - Tullow Oil, Total / Qatar - the AIM-quoted firm is hoping to confirm a fresh well schedule in the third quarter, with drill-bits set to turn in 2022.
Eco (Atlantic) says Orinduik licence renewed until 2023
"We are high-grading candidates for the next drilling program, with the Operator expected to select targets later this year."
Eco Atlantic Oil and Gas says renewable spin-out Solear may IPO later this year
“We are very excited about both the near-term opportunities that Solear brings," said Gil Holzman.
Eco Atlantic Oil and Gas launches solar venture as it aims to become “diversified, growth oriented energy company”
A new company funded by Eco has already made its first deal, picking up a 'ready to build' solar project in Greece
Eco Atlantic growing as a diversified energy company
“The issue is the relative challenge of surfacing the oil. In our case we see many supporting ingredients that suggest the oil is commercial and producible.”
Eco Atlantic Oil & Gas lands reissued licences in Namibia
Each of the new Petroleum Exploration Licenses will have a ten-year life cycle
Eco Atlantic Oil & Gas says its well funded and looking forward to 2021 well programmes
"Eco remains fully funded for its further near-term drilling plans in Guyana and continues to evaluate additional value-enhancing opportunities,” said chief executive Gil Holzman
Eco Atlantic Oil & Gas could be worth 100p per share says stockbroker
“Our pick of the explorers is Eco, which plans two Guyana wells in 2021," analyst Matt Cooper said.
Exxon’s new Guyana drilling set to ignite interest in two London listed explorers
The imminent Tanager-1 puts the spotlight back on Guyana, one of the most exciting and prolific exploration frontiers for several years
Eco Atlantic Oil & Gas looks forward to fresh well activity in 2021
“We remain upbeat about the considerable upside potential that the Orinduik licence possesses," CEO Gil Holzman said
Eco (Atlantic) Oil & Gas a compelling opportunity at current level suggests broker
In Namibia, the next 18 months will see up to five exploration wells drilled on behalf of Exxon, Total, Maurel and Prom, Shell, and Galp
Eco Atlantic Oil & Gas highlights “strong” balance sheet, details cash preservation plans
Before the coronavirus pandemic Eco had hoped multiple exploration wells could be drilled at the Orinduik block this year
Eco Atlantic: Hindsight is 2020, but next Guyana well may not be
After last year's disappointments, Tullow's exploration partner Eco Atlantic is pushing for new drilling in the Cretaceous play as soon as possible.
Eco Atlantic Oil & Gas is pushing partners to drill at least one new well at Orinduik
Eco and Total have so far this year stated intentions for a 2020 drill campaign offshore Guyana, but, events at Tullow and its ongoing analysis of prior results could see slippage into 2021
Eco Atlantic books 29% increase in oil resource offshore Guyana
Three-quarters of the oil was in the cretaceous horizons, which is where the lighter oil should lie
Eco Atlantic Oil & Gas expects significant 2020 after Tullow’s “very important” new Guyana discovery
Tullow's Carapa discovery and Exxon's successes at the prolific Stabroek block all bode well for the prospectivity across Eco's Orinduik exploration area.
Eco Atlantic Oil & Gas confirms JV partners have unanimously advanced Orinduik licence
"We will continue to work closely with all our stakeholders, including our host governments and the JV partners, to determine the budget and drilling programme for 2020," Gil Holzman said.
Archive
Today's Oil & Gas Update - Eco (Atlantic) Oil & Gas, Bahamas Petroleum, IGAS Energy and more...
Eco (Atlantic) Oil & Gas (LON:ECO): Financially stable ahead of 2020 drilling programme Bahamas Petroleum (LON:BPC) – MSA signed with Baker Hughes ahead of 2020 drilling campaign President Energy (LON:PPC) – Completion of Angostura Acquisit
Eco Atlantic Oil & Gas says it is still excited about offshore Guyana
Gil Holzman said the Orinduik block offers many promising prospects.
Eco Atlantic’s Guyana discoveries need more capex but are still producible: chief executive
Additional tests revealed a heavy grade of oil containing high sulphur, which will require more costs to be brought to the surface
Eco Atlantic remains “very confident of potential” as Guyana discoveries are seen to comprise heavy crudes
The Jethro-1 and the Joe-1 wells, drilled in August and September, continue to be analysed and fluid samples are presently in the lab
Eco Atlantic Oil & Gas and partners start preparing new drill plans for Guyana
Three back-to-back discoveries involving Orinduik operator Tullow Oil have given the joint venture plenty to consider as they draw-up their next moves offshore Guyana.
Archive
Today's Market View - Armed drone attacks send shockwaves through global energy dynamic
Today's Market View - Armed drone attacks send shockwaves through global energy dynamic
Eco Atlantic Oil & Gas shares rise on Joe-1 discovery well result
Back-to-back discoveries for Tullow and Eco add to the lore of Guyana’s exploration sweet-spot where a fifteen discoveries have now been confirmed.
Eco Atlantic Oil & Gas kicks off Joe-1 exploration well
It is an immediate follow up to the Jethro oil discovery and could be the second of up to eight wells in the Orinduik block offshore Guyana.
Proactive weekly oil and gas highlights: Eco Atlantic, Bahamas Petroleum, 88 Energy…
A look back at some of the more interesting news stories from London’s junior oilers
Eco Atlantic Oil & Gas’s next well is due to spud in coming days
"The year-to-date has been a transformational period for the company, and with a significant oil discovery," Gil Holzman said.
Proactive weekly oil & gas highlights: Eco Atlantic Oil & Gas, Touchstone Exploration, Union Jack Oil
A round-up of the news in London's small cap energy scene from the past five days
Proactive news snapshot: Eco Atlantic Oil & Gas, Angling Direct, Circassia Pharmaceuticals...
A glance at some of the day's highlights from the Proactive Investors newswire
Eco Atlantic Oil & Gas share price doubles on major oil discovery offshore Guyana
Eco's Jethro exploration well has confirmed the massive discoveries made next-door by Exxon continue into its 15% Stabroek acreage.
Archive
Proactive news snapshot: Seeing Machines, Xpediator, Physiomics...
A glance at some of the day's highlights from the Proactive Investors newswire
Eco Atlantic highlights strong balance sheet as investors await exploration news
“We look forward to updating the market with the results from Jethro Lobe in the coming weeks, the spudding of Joe and the results from our second well thereafter”
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
Archive
Proactive weekly oil and gas highlights: Eco Atlantic, Block Energy, Lekoil, Cadogan Petroleum, AAOG, i3 Energy, Mosman Oil & Gas, Solo Oil, Hurricane Energy
It was another busy week in the junior oil and gas sector.