Eco Atlantic Oil & Gas upbeat as Guyana seismic interpretation work continues
Eco said it is “very encouraged” by the new data which is enhancing understanding of existing targets and identifying new ones
Company
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.
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Eco said it is “very encouraged” by the new data which is enhancing understanding of existing targets and identifying new ones
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
This week saw a UK gas shortage, new discoveries, and share placings
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A glance at some of the day's highlights from the Proactive Investors newswire
"We are cautious about the outlook for the year ahead, but we remain confident that we have the resources and personnel to deliver profitability to our shareholders," Tandem said.
“With each well ,Exxon is further defining the overall scale of this giant field.
Investments and investor services
Investors didn't want to venture into shares today, or outside much in the UK for that matter
Pareto analyst Shahin Amini said the latest Exxon discovery will increase industry’s interest in the adjacent acreage and the news will support momentum to Eco’s share price.
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Defenx is not the first software company to invoice customers only to see the orders delayed
Proactive takes a look at the news from the small-cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the top risers and fallers in London today
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of today's top risers and fallers in London
French giant Total has an option to take a 25% working interest in Orinduik from Eco. Block might contain more than 1bn barrels
Investments and investor services
The premier UK share index closed up around 24 points at 7,281.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of today's top risers and fallers in London
It simplifies and strengthens the structure of Eco's Guyana exploration vehicle
Investments and investor services
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"