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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 a second consecutive discovery off the coast of Guyana. The Joe-1 well hit 52 metres of oil-bearing sandstone reservoir and opens up a new play in the region. 

Location Sciences (LON:LSAI) has signed a new 12-month contract with Vicinity Media Africa's first premium location-based ad network. The partnership will see Vicinity run verification on all its location impressions.

Angling Direct (LON:ANG) says trading has been good during the summer with high footfall across its store network and record unique user numbers online sparking record numbers.  August was a record as like-for-like store sales rose by 13.3% while online jumped 26.7% 

Litigation specialist Rosenblatt (LON:RBGP) is to acquire Manchester-based corporate finance boutique Convex Capital for £22mln. The deal is expected to be immediately and materially earnings enhancing.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: 66 GBX

AIM:ECO
Market: AIM
Market Cap: £121.7 m
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Eco Atlantic's Gil Holzman discusses analysis on Joe and Jethro discoveries

Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) chief executive Gil Holzman discusses with Proactive London's Andrew Scott the findings of analysis from its two new offshore discoveries. Initial results from Jethro-1 and the Joe-1 indicate that both discoveries comprise mobile heavy crudes...

18 hours, 19 minutes ago

2 min read