Eco (Atlantic) Oil & Gas Ltd (LON:ECO, TSX‐V:EOG) CEO CEO Gil Holzman tells Proactive London about their agreement to acquire up to a 10% interest in JHI Associates Inc, a private Canadian deepwater exploration company in the Canje Block, offshore Guyana.
He explains how this will give Eco immediate exposure to the region, the Canje Block is operated by ExxonMobil and held by working interest partners Esso Exploration & Production Guyana Ltd (35%), Total E&P Guyana B.V. (35%), JHI Associates (BVI) Inc. (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%).
He says this will mean 'giving shareholders imminent catalysts throughout 2021'.