1st Nov 2021 18:20
Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on Guyana and Namibia - In Guyana, is making progress alongside its joint venture partners towards target selection on the Orinduik block, with the objective of establishing firm targets in the near term and advance towards drilling.
In Namibia, the Ministry of Mines & Energy has approved the appointment of Eco as operator of all four blocks, which total 7.07 million acres in the Walvis Basin. Will continue to monitor and assess opportunities in Namibia, especially with the upcoming drilling activity in the region, including two deepwater wells that are due to be spud within the last quarter of 2021.
Current stock price: 22.00 pence, down 14% on Monday
Year-to-date change: down 5.4%
By Dayo Laniyan; [email protected]
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