logo-loader

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

Published: 08:25 24 Nov 2020 EST

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'.

Eco Atlantic Oil & Gas announces biggest deal to date with Orange Basin farmout

Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) has announced a significant agreement involving a 13.75% participating interest in their Orange Basin Block 3B/4B, with strategic partners TotalEnergies and QatalEnergy. This deal, described as the largest in the company's history, is...

3 weeks, 1 day ago