Eco (Atlantic) Oil and Gas (LSE:ECO) confirms details of its 2019 drilling program on the Orinduik Block, offshore Guyana today. Eco is partnering with Total E&P Activities Petrolieres (Total) and Tullow Guyana B.V. (Tullow) on the block, with Tullow the operator. The companies have jointly approved the initial work plan and budget for the first…
Eco Atlantic Oil & Gas (LSE:ECO) rose 0.9pc to 45.4p this morning after receiving government approval for its $12.5m farm-in with oil major Total on the Orinduik Block in Guyana. The country’s president David Granger approved the transfer of a 25pc working interest in the licence from Eco to Total. Today’s news comes after Tullow…
Eco Atlantic Oil & Gas (LSE:ECO) dipped 2.8pc to 42.3p in midday trading today after announcing that one of its partners on the Cooper block in Namibia has decided not to commit to drilling. Tullow Namibia has said it is unable to either enter into a second renewal period on the offshore licence or make a…
Oil and gas business Eco Atlantic Oil & Gas (LSE:ECO) sat at 49.5p today after revealing that it has received final clearance to drill an offshore exploration well in Namibia, where it is targeting up to 882MMboe. The firm, which now has a £76.7m valuation after rising 2.7pc, has received a final environmental clearance certificate from…
The last month has been something of a game-changer for Eco Atlantic Oil & Gas (LSE:ECO), with a series of major updates from its part-owned Orinduik block in Guyana pushing shares up by 60pc to their current 51.6p. With all of its work now fully funded following a $12.5m option payment from Total, a partnership…