Eco Atlantic Oil & Gas kicks off Guyana exploration well
“This is the start of a hugely exciting time for the company," the company's CEO Gil Holzman said
Company
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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“This is the start of a hugely exciting time for the company," the company's CEO Gil Holzman said
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A glance at some of the day's highlights from the Proactive Investors newswire
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It was a quieter week in the junior oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
Exploration drilling is set to begin later this month with the Jethro Lobe well.
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The UK's index of leading shares finished the first day of the trading week around 46 points higher at 7,378
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It was another busy week in the oil and gas sector with funding deals, project updates and customary financial results.
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A look at some of the top risers and fallers in London on Wednesday
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A glance at some of the day's highlights from the Proactive Investors newswire
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The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
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It was another eventful week in the small cap oil and gas sector.
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A look at the day's major movers, including Gordon Dadds, Motif Bio, Proton Power, Regal Petroleum, Saga and Xeros Technology
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A glance at some of the day's highlights from the Proactive Investors newswire
Ahead of a June spud for its first exploration well, Eco has now got the financial wherewithal to pay its share in up to six wells offshore Guyana
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Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
It was another active week in the junior oil and gas sector with project updates, strategy reviews and financial results
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at the day's major movers, including Zambeef, GAN, Bowleven, Serabi Gold, Mobile Streams, Ascent Resources and FireAngel
The Joe prospect is estimated to host up to 150mln barrels of oil equivalent, with a 43.2% chance of success – which is well above industry averages, said Eco
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Footsie closed at 7,279, up nearly 45 points on the day
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It was another active week in the junior oil and gas sector with project updates, strategy reviews and financial results.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including AssetCo, Restore, Miton, Maintel, Microsaic, Footasylum, TomCo, GoldStone and Bluebird
Consultant Gustavson viewed a ‘low case’ estimate of 2.01bn barrels in prospective resources, and a ‘high case’ of 7.2bn, with the 'best' estimate pitched at 3.98bn
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Bercow says the government can only bring back the vote if there has been substantial 'change' to the Brexit deal
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It was a busy week in the junior oil and gas sector with a number of well results moving share prices.
A look at the day's major movers, including Redde, Gattaca, Webis, Mobile Streams, Beeks, Nuformix and Interserve
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A glance at some of the day's highlights from the Proactive Investors newswire
“We are pleased to report that we started the calendar year 2019 with the same intensity with which we ended 2018,” Holzman said
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
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It was another quite busy week of project updates, well reports and results.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Some of the main news-driven risers and fallers in London on Friday...
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Some of the major news-driven risers and fallers on Wednesday …
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A glance at some of the day's highlights from the Proactive Investors newswire
At least one exploration well is contracted, though the addition of a second well is possible
BIg banking group Lloyds was among the top gainers on Footsie
ExxonMobil has made ten discoveries on the neighbouring Stabroek Block with an estimated 5bn barrels of oil
Berenberg highlights that Eco is about to embark upon what could be a transformational well campaign
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The past week brought well updates, new exploration plans, and some positive production reports.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
Having recently completed its farm-out to Total, the AIM-quoted explorer is now fully funded for new drilling in the Orinduik block offshore Guyana where in 2019, it hopes to have at least two wells replicate the big successes experienced n
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FTSE 250 was also down - closing around 58 points lower at 18,271
A look at some winners and losers in the UK equity market on Thursday
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A glance at some of the day's highlights from the Proactive Investors newswire
Funds aside, the addition of Total to the venture provides further validation and confidence for investors
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The FTSE 250 index, though, fell around 30 points to 18,609 on the day
A look at some winners and losers in the UK equity market on Wednesday
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A glance at some of the day's highlights from the Proactive Investors newswire
With the completion of the Guyana farm-out, the AIM-quoted explorer is now funded for 2019 exploration drilling
The UK's premier blue-chip index closed down around 12 points at 7,004
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the main news-driven risers and fallers in London on Friday ...
Eco's other partner on the Cooper Block, Azinam (32.5%) has said already it wants to continue exploration,
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
The last week of September, as is typical, brought the obligatory series of financial results statements across the oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but ahead of that attention will be on an upcoming Chariot Oil & Gas well which will be the next test in the frontier
The pound is off 0.52% against the greenback at the time of writing..
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It was another busy week of deals and operations updates in the junior oil and gas sector
It was another busy week of deals and operations updates in the junior oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Thursday
The payment from Total is expected to fund Eco's participation offshore Guyana for a number of years, including well costs once exploration drilling gets underway
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
In the longer term exploration drilling will tell, nonetheless, a near 3bn barrel 'pre-drill' resource is certainly attractive for speculative investors
The newly published resource estimate underlines the potential for a big future at Orinduik
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Tuesday
Major nearby successes have been a factor in the level of interest in Orinduik, which lies adjacent to ExxonMobil’s large oil discoveries
The UK bluechip index fell 25 points to 7,253 around 3.50pm
It was another interesting week in the small-cap oil and gas space.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Friday
Hammerhead, Exxon's ninth discovery, is located within the vicinity of Eco's Orinduik licence
European benchmarks also took a big hit, while on Wall Street, the Dow Jones Industrial Average is down around 80 points
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A glance at some of the day's highlights from the Proactive Investors newswire
Seismic interpretation, a farm-out milestone and a new competent persons report are in September's schedule
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A glance at some of the day's highlights from the Proactive Investors newswire
Results were the best yet for the oil junior, said chief executive Gil Holzman
A look at some of the top risers and fallers in London today
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A look at some of the top risers and fallers in London today
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A glance at some of the day's highlights from the Proactive Investors newswire
The explorer needs the Namibian authorities to approve its Environmental Clearance Certificate application before it can start drilling the appraisal way at the Osprey project
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
The plan is to apply for another extension next March as well, as Eco and its partners try to further their understanding of the area
FTSE 100 tanked on the day, along with other European indices
The oil and gas producer said Exxon had encountered around 78 meters of high-quality oil-bearing sandstone reservoir at its Stabroek Block, adjacent to Eco’s Orinduik Block
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
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MYCELX now expects full-year revenues to be in the range of US$16-17mln after the new order and equipment sale