Eco Atlantic Makes a Second Oil Discovery Offshore Guyana Joe-1 Well Proves a New Play Opener on Orinduik Block Highlights: Further discovery on Joe-1, the second well on the Orinduik Block High quality of oil-bearing sandstone reservoir with a high porosity of Upper Tertiary age 52 feet of continuous thick sandstone which proves the presence of recoverable oil resources Eco Oil & Gas Ltd. today announces a second oil [...]
Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce that 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 on 25 August 2019 using the Stena Forth drillship, which previously drilled the recently announced Jethro discovery. Eco and [...]
Eco Oil & Gas Ltd. announces that the Company has granted 3,000,000 Restricted Share Units to directors, officers and advisers, of which 2,900,000 are to existing Executives and Directors, pursuant to the Company's Restricted Share Units Plan and in acknowledgment of the Company's management's recent achievements. The RSUs will vest immediately and convert into 3,000,000 common shares of no par value in the Company . In [...]
Unaudited Results for the three months ended June 30 2019 and Business Update Eco Oil & Gas Ltd , the oil and gas exploration company with licences in highly prospective regions in Guyana, where the Company recently announced a major oil discovery, and Namibia is pleased to announce its results for the three months ended 30 June 2019 and to provide a corporate and operational update. Highlights: · Financials o The [...]
Jethro-1 Well Proves 180.5 feet of Net High Quality Pay on Orinduik Block Eco Oil & Gas Ltd. , today announces a significant oil discovery on the Orinduik Block, offshore Guyana. The Jethro-1 exploration well was drilled by the Stena Forth drillship to a final depth of 14,331 feet in approximately 1,350 meters of water. Evaluation of logging data confirms that the Jethro-1 is the first Discovery on the Orinduik licence [...]
Eco Oil & Gas Ltd. Audited Results for the Year Ended 31 March 2019 and Business Update Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce its results for the year ended 31 March 2019 and to provide a corporate and operational update. Highlights: · Financials o The Company ended the financial year with cash and cash [...]
Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on its Jethro-Lobe prospect on the Orinduik Block. Jethro-Lobe was spud at 22:45hrs on Thursday 4th July 2019 using the Stena Forth drillship. Eco and its partners on the [...]
ECO OIL & GAS LTD.Mobilisation of Stena Forth Drillship to Orinduik Block, Guyana Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce the mobilisation of the Stena Forth drillship which is now en route to Guyana from West Africa where it has been operating for Tullow. The drillship is expected to reach Eco's Orinduik Block on or [...]
Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, announces that it has issued 241,250 new common shares pursuant to an exercise of share options at a price of CAD$0.30 per common share and for total proceeds of CAD$72,375. The exercisers hold no further options. The Company has also received an exercise notice for the exercise of warrants over [...]
Eco Oil & Gas Ltd. , is pleased to announce the closing of the placing and subscription of shares as announced on 4 April 2019. The Company raised, in aggregate, US$17 million before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares of no par value in the capital of the Company. The Company's total issued share capital now consists of 180,565,225 Common Shares with [...]
Eco Oil & Gas Ltd. , is pleased to announce that it has conditionally raised, in aggregate, US$17 million before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares of no par value in the capital of the Company at a price of 80 pence per Common Share . Highlights: • The Company has raised approximately gross US$17 million by way of an oversubscribed placing and [...]
Eco Confirms that Orinduik Partners have approved a Second Well Location for the 2019 Guyana offshore Drilling Program Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is pleased to announce that the partners on the Orinduik Block offshore Guyana have approved the drilling budget and the location of the second well of the 2019 drilling program [...]
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