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 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."