30th Aug 2023 12:02
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".
Current stock price: 15.51 pence, down 4.6% in London on Wednesday
12-month change: down 56%
By Tom Waite, Alliance News editor
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