HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025, Words: 290) — Eco Atlantic is preparing to drill an exploration well offshore Guyana in the Orinduik Block in 2025-2026. Eco operates the block with a 100% working interest and is actively engaged in farmout process to drill a well with potential […]
Tag: Eco Atlantic Oil & Gas Ltd.
Eco (Atlantic) Updates on Guyana and Namibia
(Eco Atlantic, 25.Aug.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG) announced its results for the three months ended 30 June 2022. In addition, the company is notifying the market of an investor event to be held on 19 September 2022, details of which can be seen below. Today’s announcement […]
NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Apr.2022, Words: 451) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana
Eco Atlantic Updates Resource Report on Assets in Guyana, Namibia and S. Africa
(Eco (Atlantic), 21.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX ‐ V:EOG) announced publication of an updated NI 51-101 compliant Competent Person’s Report (“CPR”) on its assets Offshore Guyana, Offshore Namibia and Offshore South Africa. The CPR was compiled by WSP USA Inc., of Boulder Colorado, USA, an […]
Eco (Atlantic) Oil and Gas Ltd. Reveals Strategic Acquisition of JHI in Guyana
(Eco (Atlantic), 14.Mar.2022) — Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (“WI”) in the Canje Block offshore Guyana (the “Acquisition”). Highlights · A proposed cashless acquisition, with a value of approximately $52mn […]
Eco Atlantic Boosts Stake in Exxon Partner Offshore Guyana
(Proactive Investors, 19.Jan.2022) — Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) increased its interest in JHI Associates Inc, a junior explorer offshore Guyana, which is partnered with Exxon in the Canje Block. AIM-quoted Eco bought 800,000 shares, worth around £312,000, in JHI by exchanging 1.2mln new Eco shares. It takes Eco’s […]
Eco Atlantic Provides Operational Update
(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced its results for the three months ended 30 June 2021, alongside a corporate and operational update. Results Highlights: Financials: — Cash and cash equivalents of $4.85mn (including restricted deposits) and no debt as of 30 […]
Partners Spud Sapote-1 Well In Canje Block
(Eco Atlantic, 31.Aug.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) announced that the Sapote-1 well on the Canje Block, offshore Guyana has been spudded. Eco was officially informed today by its investee company, JHI Associates Inc., about the spudding of the well. The Sapote-1 well is […]
Eco Atlantic Reveals Investment In Guyana
(Eco Atlantic, 28.Jun.2021) — Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX‐V: EOG) closed a transaction with JHI Associates Inc., a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the ‘Transaction’) and to appoint Keith Hill, […]
Supermajors Are Flocking To This Booming Oil Frontier
(Oilprice.com, 30.Jun.2020) — Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic – of offshore Guyana fame – is stepping up offshore activity, and onshore, fellow junior Recon Africa is hoping to be sitting […]
Eco (Atlantic) Reports Director Dealing
(Eco Atlantic, 26.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. notified that Gil Holzman, Chief Executive Officer and a Director of the Company, acquired 33,865 common shares in the company at a price of 148p per share. Following the Share Purchase, Gil Holzman is beneficially interested in, in aggregate, 8,281,259 […]
Diplomats Say Guyana Gov’t In Breach Of Constitution
(Reuters, 19.Sep.2019) — U.S. and European diplomats on Thursday declared Guyana’s government in breach of the country’s constitution until new elections are held and called on Guyanese President David Granger to “set an elections date immediately” or possibly face a cutoff of development funding. Guyana’s independent electoral body on Thursday […]
Eco Atlantic Reports 2nd Oil Discovery Offshore Guyana
(Eco, 16.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. announces a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of […]
Tullow Announces Joe-1 Oil Find Offshore Guyana
(Tullow, 16.Sep.2019) — Tullow Oil plc announces the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled by the Stena Forth drillship to a Total Depth of 2,175 metres in water depth of 780 metres. Evaluation of […]
Eco Atlantic Spuds Joe-1 Well Offshore Guyana
(Eco, 27.Aug.2019) — Eco (Atlantic) Oil & Gas Ltd. said drilling of the Joe prospect has commenced offshore Guyana, the company’s second exploration well on the Orinduik Block. Joe-1 was spud at 14.45hrs (Local Guyana time) on 25 August 2019 using the Stena Forth drillship, which previously drilled the recently […]