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Eco Atlantic Oil & Gas say 'future is bright' with 'a lot of cash'

Eco Atlantic Oil & Gas CEO, Gil Holzman (LON:ECO) talks to Proactive London's Katie Pilbeam about the balance sheet, which at present has no debt and strong cash reserves.

Holzman says the company remain fully funded for its further near-term drilling plans in Guyana and continues to evaluate additional value-enhancing opportunities.

He says beginning in January, 'I see the effect of champagne bottles exploding in terms of activity, in terms of oil prices and in terms of renewed interest in the best exploration names'.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: 23 GBX

AIM:ECO
Market: AIM
Market Cap: £42.48 m
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Full interview: Eco Atlantic's Gil Holzman discusses boost to Orinduik...

Eco (Atlantic) Oil & Gas Limited's (LON:ECO) Gil Holzman caught up with Proactive London's Andrew Scott to discuss an updated CPR on its Orinduik Block, offshore Guyana. Gross prospective resources are now estimated at 5.14bn barrels on a p50 basis or best basis, which amounts to a net...

on 3/2/20

2 min read