Eco Atlantic Oil & Gas upbeat as Guyana seismic interpretation work continues
Eco said it is “very encouraged” by the new data which is enhancing understanding of existing targets and identifying new ones
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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Eco said it is “very encouraged” by the new data which is enhancing understanding of existing targets and identifying new ones
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
This week saw a UK gas shortage, new discoveries, and share placings
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A glance at some of the day's highlights from the Proactive Investors newswire
"We are cautious about the outlook for the year ahead, but we remain confident that we have the resources and personnel to deliver profitability to our shareholders," Tandem said.
“With each well ,Exxon is further defining the overall scale of this giant field.
Investments and investor services
Investors didn't want to venture into shares today, or outside much in the UK for that matter
Pareto analyst Shahin Amini said the latest Exxon discovery will increase industry’s interest in the adjacent acreage and the news will support momentum to Eco’s share price.
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Defenx is not the first software company to invoice customers only to see the orders delayed
Proactive takes a look at the news from the small-cap oil and gas sector
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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 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
A look at some of today's top risers and fallers in London
French giant Total has an option to take a 25% working interest in Orinduik from Eco. Block might contain more than 1bn barrels
Investments and investor services
The premier UK share index closed up around 24 points at 7,281.
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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 some of today's top risers and fallers in London
It simplifies and strengthens the structure of Eco's Guyana exploration vehicle
Investments and investor services
The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
There was plenty of activity in the oil sector this past week, from both the small caps and the larger companies.
“While wildcat exploration is inherently high-risk, we see an attractive risk/reward in Eco,” the analyst said in a note
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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 some of the top risers and fallers in London today.
The exploration partners are advancing the acreage which is positioned in the vicinity of ExxonMobil's major discoveries, now seen in excess of 3bn recoverable barrels
Investments and investor services
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
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Proactive takes a look at what's moving on Thursday December 28.
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The next two weeks will be dominated by the Christmas and New Year holidays, of course, so investors will have to wait a while for the excitement of a trading update from Next PLC and the latest US report until the first week of 2018
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The corporate news diary is, not unsurprisingly, almost completely empty, while the macro calendar is also pretty Spartan aside from two CBI surveys and final UK GDP data
Investments and investor services
Some of the biggest risers and fallers in London on Wednesday
Investments and investor services
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the biggest risers and fallers in London on Thursday
Eco has a 40% interest in the Orinduik Block offshore Guyana and located adjacent to Stabroek where ExxonMobil has made a string of discoveries
Market was subdued as US markets were closed for Thanksgiving
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A glance at some of the day's highlights from the Proactive Investors newswire
The deal has the potential to expedite the first exploration well on Cooper Block,
London's junior oil firms were raising new funds this past week.
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A look at some of the day's highlights from the Proactive Investors newswire
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It was a good day for Newmark Security and Eco Atlantic
Cash raised in the funding will be earmarked for Eco’s exploration ventures, allowing the company to actively identify, negotiate and contract new oil and gas exploration assets.
Cash raised in the funding will be earmarked for Eco’s exploration ventures, allowing the company to actively identify, negotiate and contract new oil and gas exploration assets
The FTSE 100 closed out Thursday up around 67 points at 7,555.
Already Exxon has an estimated 2.25bn to 2.75bn barrels of crude offshore Guyana, and it has unearthed another discovery - meanwhile, the Eco's exploration campaign is advancing.
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Hurricane Energy, Gulf Keystone and Highlands Natural Resources were among the week's oil and gas sector.
Eco will retain 15% of Orinduik alongside Tullow with 60% and Total with 25%.
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A glance at some of the day's highlights from the Proactive Investors newswire
"I am particularly pleased to confirm funds released through the hedging facility will not carry any geographical restrictions. This means we will be able to deploy capital across our entire portfolio," said CEO, Matt Lofgran
The option deal, if exercised, would deliver enough cash to cover Eco’s well costs for up to two exploration wells and the costs already committed to recently completed seismic
Results and periodic operational updates provided much of the week's newsflow
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A glance at some of the day's highlights from the Proactive Investors newswire
“Our strong balance sheet, together with our progression on our existing licences, has enabled us to start to engage in seeking new potential assets and explore new transactions"
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech
Shell and Tullow Oil had their respective financial results out this week.
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Some of today's headlines on the Proactive newswire
Just yesterday, Eco confirmed that a significantly expanded new 3D seismic campaign is now underway
VSA Capital's target price of 25p suggests some 50% upside to the current price of 17.3p.
Exxon expects to start-up Liza by 2020, with the first phase development due to produce some 120,000 bopd.
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Some of the market moving oil and gas stories that appeared on Proactive this week
Originally a 1,000km 3D survey was planned but Eco and partner Tullow Oil have now agreed to increase this to the entire block area, or 2,550km
Analysts at VSA Capital Research have reiterated a 'buy' rating on Eco (Atlantic) Oil & Gas, saying it expects the company to benefit from Tullow's rights issue
The explorer has solid partnerships, high-impact prospects and the London IPO bolstered the group’s finances.
"2016 was one of our most exciting years at Eco, as we continued with our operations in Namibia and shifted our focus from Ghana to Guyana,” said Gil Holzman, Eco Atlantic chief executive.
Placed at 16p the stock was changing hands for 18.5p by 8.30am.
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Also featured: Adept Telecom, Arian Silver, Eco (Atlantic), Premier Oil, Premier African Minerals, Zamano
Energy explorer Eco (Atlantic) Oil & Gas said on Friday it has published its AIM papers as it seeks to raise C$7.83mln as part of its ambitions of joining London’s Alternative Investment Market next week
Energy explorer Eco (Atlantic) Oil & Gas said on Friday it has published its AIM Admission Document as it seeks to raise C$7.83mln as part of its common stock becoming listed on London’s Alternative Investment Market next week
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88 Energy now sees 1.5bn barrels of conventional oil resources in Alaska, while SDX Energy has snapped up Circle Oil’s Egypt and Morocco assets
Toronto-listed oil and gas explorer Eco (Atlantic) Oil & Gas Ltd. shares jumped 8% on Monday after the company said it intends to list on London’s AIM exchange later this month
Firm management of cost savings results in significant savings for the company
Eco (Atlantic) Oil & Gas on Tuesday updated on recent corporate achievements and planned milestones for the remainder of 2016 following its earnings results for the year ended March 31
Eco (Atlantic) Oil & Gas Ltd reported a fall in current liabilities as well as in total expenses as it recorded its full-year earnings on Friday
Eco (Atlantic) Oil & Gas has received various approvals from the Namibia Ministry of Mines and Energy relating to the Cooper (PEL 030), Guy (PEL 034) and Sharon (PEL 033) licences in offshore Namibia
Eco Oil & Gas grants 965,000 stock options to certain staff for achievements which include the significant new Guyana block acquisition in partnership with Tullow Oil
Eco (Atlantic) Oil & Gas receives approval from the TSX Venture Exchange for its planned buy back of 6.49mln of the company's shares - 10% of the shares held by public stockholders
Eco (Atlantic) Oil & Gas unveiled a plan to buy back up to 6.49 million of its shares.
Eco (Atlantic) Oil & Gas reported third quarter results that contained some better news in the current challenging global oil and gas sectors
The agreement was signed with respect to the Orinduik block, offshore, Guyana.
The Toronto company enters into a petroleum agreement with the government of Guyana and Tullow....
Eco (Atlantic) Oil & Gas (CVE:EOG) has kicked off operations at the deepwater Cape Three Points West block, offshore Ghana, after it was granted a permit from the relevant authorities.
The Canada-based development stage company says it continues to seek funding in the capital markets and to pursue additional joint venture and farm-in opportunities.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.
Investors, get ready for two impressive companies set to present at our Proactive Investors forum in Toronto next week, one specializing in patent technologies and the other focused on oil and gas in Africa.