City brokers welcome Africa Oil investment in Eco Atlantic
Cash raised in the funding will be earmarked for Eco’s exploration ventures, allowing the company to actively identify, negotiate and contract new oil and gas exploration assets.
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.
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Eco Atlantic Oil & Gas brings in Africa Oil Corp with premium priced share subscription
Cash raised in the funding will be earmarked for Eco’s exploration ventures, allowing the company to actively identify, negotiate and contract new oil and gas exploration assets
FTSE 100 finishes a whisker from record high as BoE points to gradual rate hike
The FTSE 100 closed out Thursday up around 67 points at 7,555.
New discovery further underlines Eco Atlantic Oil & Gas potential offshore Guyana
Already Exxon has an estimated 2.25bn to 2.75bn barrels of crude offshore Guyana, and it has unearthed another discovery - meanwhile, the Eco's exploration campaign is advancing.
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Proactive News Summary: GKP, Genel, Eco Atlantic Oil & Gas, Hurricane Energy, Aminex, Highlands Natural Resources
Hurricane Energy, Gulf Keystone and Highlands Natural Resources were among the week's oil and gas sector.
Eco Atlantic set to exploration catalysts as it brings Total into Guyana venture
Eco will retain 15% of Orinduik alongside Tullow with 60% and Total with 25%.
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Proactive news snapshot: Victoria Oil & Gas, Eco (Atlantic), Highlands Natural Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Nostra Terra doubles as it secures hedging facility with BP
"I am particularly pleased to confirm funds released through the hedging facility will not carry any geographical restrictions. This means we will be able to deploy capital across our entire portfolio," said CEO, Matt Lofgran
Eco Atlantic Oil & Gas adds Total to Guyana exploration venture
The option deal, if exercised, would deliver enough cash to cover Eco’s well costs for up to two exploration wells and the costs already committed to recently completed seismic
Proactive Weekly Oil & Gas Round-up: Premier Oil, SDX Energy, Genel Energy, 88 Energy, Highlands Natural Resources, Eco Atlantic Oil & Gas
Results and periodic operational updates provided much of the week's newsflow
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Proactive news snapshot - WYG, CentralNic Group, ITM Power …
A glance at some of the day's highlights from the Proactive Investors newswire
Eco Atlantic Oil & Gas now seeking new opportunities supported by “strong” balance sheet
“Our strong balance sheet, together with our progression on our existing licences, has enabled us to start to engage in seeking new potential assets and explore new transactions"
FTSE 100 finishes in debit as Fed chair Janet Yellen stays mum on policy direction
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech
Blue chip results take centre stage, but Eco Atlantic and Echo Energy also feature
Shell and Tullow Oil had their respective financial results out this week.
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Proactive news snapshot: Goldplat, Eco Atlantic Oil and Gas Keywords, Angle..
Some of today's headlines on the Proactive newswire