Today’s guest on the ValueTheMarkets podcast is Gil Holzman, CEO of Eco Atlantic Oil & Gas (LSE:ECO) which has interests in Guyana and Namibia. In Guyana, Eco holds a 15pc working interest alongside Total (25pc) and Tullow Oil (60pc) in the Orinduik Block in the shallow water of the prospective Suriname-Guyana basin. The oil explorer made a major oil discovery on the Orinduik block in August with the drilling of the Jethro-1 well. If that wasn’t exciting enough, the company has just announced another discovery on the block with it’s second well, Joe-1. In the interview, Gil discusses the significance of this latest discovery, Eco’s plans moving forward and highlights the firm is well funded for subsequent appraisal drilling and further exploration into next year.
All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.