Eco Atlantic first-half loss widens on increased operating costs
27th Nov 2024 17:02
(Alliance News) - Eco Atlantic Oil & Gas Ltd on Wednesday said its first-half net loss widened, as operating costs climbed. Read More
(Alliance News) - Eco Atlantic Oil & Gas Ltd on Wednesday said its first-half net loss widened, as operating costs climbed. Read More
(Alliance News) - Westmount Energy Ltd shares fell as it reported various strategic developments but noted that "patience has been required 'in spades'". Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Eco (Atlantic) Oil and Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic margins in South Africa, Namibia, and Guyana - Announces that its wholly owned subsidiary, Azinam Ltd, has received final government approval to farm out its 6.25% participating interest in Block 3B/4B to Africa Oil Corp. Further, gives notice to the Minister of Natural Resources of Guyana to enter the second phase of the second renewal period of the Orinduik License effective as of January 14. Second phase has a commitment to drill one exploration well to the cretaceous formation during the remainder of the license period which ends on January 13, 2026. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Eco Atlantic Oil & Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana - Appoints Alice Carroll and Selma Usiku as directors of the company with immediate effect. Carroll is currently the Eco's head of corporate sustainability and joins the board as an executive director. She previously worked with Azinor Catalyst, a UK-focused oil and gas exploration company, before becoming the global marketing and investor relations manager for the Seacrest Azimuth Group. Meanwhile, Selma Usiku joins the board as a non-executive director with immediate effect. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Eco Atlantic Oil & Gas Ltd - oil and gas exploration of offshore Atlantic Margins - Net loss from continuing operations narrows to USD717,399 in the three months that ended June 30 from USD2.6 million a year before. Eco Atlantic has no operating revenue, but net operating costs are cut to USD350,180 from USD1.9 million and share-based compensation to USD111,512 from USD1.0 million. As of June 30, has USD2.4 million in cash, down from USD4.1 million on March 31. Highlights two recent acquisitions in Guyana and South Africa as part of its effort "to position the portfolio to continue creating high-impact catalysts for investors". Read More
(Alliance News) - Eco Atlantic Oil & Gas Ltd on Thursday announced it acquired an additional 60% interest in the Orinduik block offshore Guyana from a Tullow Oil PLC subsidiary. Read More
(Alliance News) - London's FTSE 100 underwhelmed on Thursday, as a slew of its heavyweights went ex-dividend, though blue-chip equities in mainland Europe were higher, showing no signs of pre-US inflation data angst and overlooking an acceleration in tensions between the world's two largest economies. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on offshore Atlantic Margins - Signs legally binding letter of intent under which its subsidiary, Azinam Ltd, will farm out a 6.3% participating interest in block 3B/4B to Africa Oil SA Corp, a subsidiary of Africa Oil Corp, for up to USD10.5 million. The completion of the acquisition is subject to customary conditions, including regulatory approvals from the government of South Africa and from the TSX Venture Exchange in Toronto. Upon completion, Africa Oil SA will hold a 26% interest, Azinam will hold a 20% interest and Ricocure (Propertiary) Ltd will hold the remaining 54%. Read More
Eco Atlantic Oil & Gas Ltd - Atlantic Margins-focused oil and gas company - Says it is applying for environmental authorisation to begin exploration activities in Block 3B/4B in the Organe Basin off the Northern Cape of South Africa. It and its joint venture partners have contracted Environmental Impact Management Services Pty Ltd of South Africa to apply for a permit to drill one well and one contingent well - and potentially up to five wells - within an area of interest in the north of the block. EIMS is also appointed to undertake the required environmental impact assessment. Read More