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 [...]
Increase in Gross Prospective Resources P50 to 3,981 MMBOE Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is delighted to announce that Gustavson Associates LLC of Boulder Colorado, a qualified reserves evaluator as defined in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities , has completed and delivered an updated [...]
Updated NI 51-101Compliant Competent Person's Report on Orinduik Block, Offshore Guyana;Increasein Gross Prospective Resources P50 to 3,981MMBOE Eco Oil & Gas Ltd. , the oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, is delighted to announce that Gustavson Associates LLC of Boulder Colorado has completed and delivered an updated NI 51-101 compliant Competent Persons [...]
Eco Oil & Gas Ltd. announces that the Company has granted 3,030,000 Restricted Share Units to directors, officers and advisers, of which 2,930,000 are to existing Directors, pursuant to the Company's Restricted Share Units Plan . The RSUs will vest immediately and convert into common shares of no par value in the Company . Additionally, the Company announces that, in compliance with the Company's stock option plan, it has [...]
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 three and nine months ended 31 December 2018 and to provide a corporate and operational update. Highlights: · Financials o The Company ended the third financial quarter with cash and cash equivalents of CAD 25.7 million, total assets of CAD 28.1 [...]
Inclusion in TSX Venture50 for second consecutive year Eco Oil & Gas Ltd. , the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, is delighted to announce that it has been ranked second in the Energy Sector on the 2019 TSX Venture 50™, up from fifth in 2018. This marks the second consecutive year Eco has been included in the TSX Venture 50™, an annual ranking of [...]
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