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Investor Update: Eco Atlantic reports new discovery at Joe-1 well

Headlines from the Proactive UK newsroom.

Oil prices have shot higher after drone attacks on two Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. Brent crude jumped 10% and West Texas Intermediate by 9%. 

Eco Atlantic Oil and Gas (LON:ECO) has announced a second consecutive discovery off the coast of Guyana. The Joe-1 well hit 52 metres of oil-bearing sandstone reservoir and opens up a new play in the region. 

Location Sciences (LON:LSAI) has signed a new 12-month contract with Vicinity Media Africa's first premium location-based ad network. The partnership will see Vicinity run verification on all its location impressions.

Angling Direct (LON:ANG) says trading has been good during the summer with high footfall across its store network and record unique user numbers online sparking record numbers.  August was a record as like-for-like store sales rose by 13.3% while online jumped 26.7% 

Litigation specialist Rosenblatt (LON:RBGP) is to acquire Manchester-based corporate finance boutique Convex Capital for £22mln. The deal is expected to be immediately and materially earnings enhancing.

Quick facts: Eco Atlantic Oil & Gas Ltd

Price: 23.5 GBX

AIM:ECO
Market: AIM
Market Cap: £43.4 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