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Eco Atlantic boss excited ahead of high impact, fully funded wells offshore Guyana

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), caught up with Proactive London's Andrew Scott following the updated CPR on its Orinduik Block, offshore Guyana.

Consultant Gustavson Associates has estimated some 3.98bn barrels in prospective resources across 15 exploration areas, which for Eco’s 15% stake in Orinduik, equates to 597.3mln barrels net to the AIM-quoted firm.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: 52.5 GBX

AIM:ECO
Market: AIM
Market Cap: £96.74 m
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Eco Atlantic chief remains upbeat over Orinduik and buys shares to prove it

Gil Holzman, Eco Atlantic Oil and Gas Limited’s (LON:ECO) chief executive explains why he has topped up his holding in the company and the next steps on the Orinduik block offshore Guyana. Shares in Eco dropped more than 50% when operator Tullow revealed that the oil discovered by the Jethro...

3 weeks ago

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