Eco Oil & Gas Ltd. , the oil and gas exploration company with licenses in Guyana and Namibia, is pleased to announce its results for the three and nine months ended 31 December 2019, alongside a corporate and operational update. Results Highlights: Financials As at 31 December 2019, the Company had cash and cash equivalents of CAD $25.4 million with no debt and remains fully funded for its share of further appraisal and [...]
Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in South America and Africa, is delighted to announce it has been recognized as a 2020 TSX Venture 50™ company, an annual ranking of top-performing companies on the TSX Venture Exchange over the last year, for the third consecutive year. The TSX Venture 50™ comprise the top 10 companies listed on the TSX [...]
Eco Oil & Gas Ltd. was today notified of the following purchases of common shares in the Company by its Directors: No. of common shares acquired Price Resultant holding No. of common shares % of ISC Moshe Peterburg 200,000 £0.5525 11,507,399 6.24 Gil Holzman 100,000 £0.5685 8,415,124 4.56 Colin Kinley 20,000 CAD0.88 6,317,794 3.43 Gadi Levin 19,000 CAD0.9974 975,000 0.53 Alan Friedman 10,000 CAD0.86 1,707,310 0.93 [...]
Update on initial analysis of Jethro and Joe wells Eco Oil & Gas Ltd. is pleased to provide an additional operational update following initial well results analysis on its two recent oil discoveries in Guyana. Eco Atlantic, together with its JV Partners on the Orinduik Block, Tullow Guyana B.V. ) and Total E&P Guyana B.V. , announced two oil discoveries in Guyana at the Jethro-1 well and the Joe-1 well in August and [...]
Eco Oil & Gas Ltd. is pleased to provide an operational update following its two recent oil discoveries on the Orinduik Block, offshore Guyana. Multiple prospects currently being reviewed with further high graded candidates under consideration for a 2020 drilling programme. Operator is preparing a budget for long lead items including wellheads and casing. Jethro and Joe wells drilled on budget. Joe delivered for less than [...]
Eco Oil & Gas Ltd. Director Dealing Eco Oil & Gas Ltd. was yesterday notified that on 8 October Peter Nicol, Non-Executive Director of the Company, acquired 40,000 common shares in the Company at a price of 141.35p per share . Following the Share Purchase, Peter Nicol is beneficially interested in, in aggregate, 1,542,600 common shares representing approximately 0.84 per cent. of the Company's issued share capital. For [...]
Director Dealing Eco Oil & Gas Ltd. was today 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 common shares representing approximately 4.5 per cent. of the Company's issued share capital. For more information, please [...]
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 [...]
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