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Eco Atlantic Oil & Gas Ltd

Eco Atlantic's Gil Holzman welcomes strong investor interest in US$17mln fundraise

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), speaks to Proactive London's Andrew Scott after raising US$17mln of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana.

Eco will now be able to fund its share of up to four additional exploration or development wells, perhaps indicating confidence among the joint venture partners ahead of the first phase of wells.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: £1.58

Market: AIM
Market Cap: £291.35 m
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Investor Update: Eco Atlantic reports new discovery at Joe-1 well

Headlines from the Proactive UK newsroom. Oil prices have shot higher after drone attacks on two Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. Brent crude jumped 10% and West Texas Intermediate by 9%.  Eco Atlantic Oil and Gas (LON:ECO) has announced...

1 day, 15 hours ago

2 min read