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Eco Atlantic's Gil Holzman welcomes strong investor interest in US$17mln fundraise

Published: 06:04 08 Apr 2019 EDT

Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), speaks to Proactive London's Andrew Scott after raising US$17mln of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana.

Eco will now be able to fund its share of up to four additional exploration or development wells, perhaps indicating confidence among the joint venture partners ahead of the first phase of wells.

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...

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