Eco (Atlantic) Oil & Gas Ltd chief Gil Holzman said acquisitions have enabled the company to have at least four wells that will be drilled in Guyana, South Africa and Namibia in the next 18 to 24 months.
Through a series of acquisitions, the company has created “a string of catalysts to our investors”, Holzman said in an interview with Proactive Investors.
“There’s a very, very exciting year ahead,” the CEO said.
The comments came after the oil and gas company agreed a US$52mln share-based deal to acquire JHI Associates Inc., an explorer in offshore Guyana, which is a minority partner to Exxon in the Canje block.
Shares of Eco trade in Canada and the UK and have risen more than 60% this year on London’s AIM.