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
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: 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).