• Sign up for the Daily Digest E-mail
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Entry into Phase Two of initial Period of the Orinduik Block

January 18, 20187:00 AM Accesswire

Toronto, Ontario (FSCwire) – Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, announces that at the Company and Tullow Oil (together "the Partners") on the Orinduik Block, have elected to enter Phase Two of the Initial Period under the Petroleum Agreement and Prospecting License, Orinduik Block, offshore Guyana.  As operator of the Block, Tullow Oil has notified the Guyana Geology and Mines Commission as well as the Honorable Minister Trotman, Minister of Natural Resources of the Partners' decision.

The work commitment under Phase Two requires the acquisition of at least a minimum of 1,000 square kilometers of 3D seismic on the Orinduik Block.  This has already been completed and exceeded during Phase One when the Block partners completed a 2,550 square kilometers survey in September 2017.  As such, there is no further 3D seismic in Phase Two of the Initial Exploration Period.

Current Working Interests on the Orinduik Block are as follows:

Tullow Oil – 60% (Operator)

Eco Guyana – 40%

For more information, please visit www.ecooilandgas.com or contact the following:

Eco Atlantic Oil and Gas

+1 (416) 250 1955

Gil Holzman, CEO

Colin Kinley, COO

Alan Friedman, VP

Strand Hanson Limited (Financial & Nominated Adviser)

+44 (0) 20 7409 3494

James Harris

Rory Murphy

James Bellman

 

Brandon Hill Capital Limited (Joint Broker)

+44 (0) 20 3463 5000

Oliver Stansfield

Jonathan Evans

Robert Beenstock

 

Pareto Securities Limited (Joint Broker)

+44 (0) 20 7786 4370

Soren Clausen

+44 (0) 20 7786 4382

Davide Finelli

Matilda Mäkitalo

+44 (0) 20 7786 4398

+44 (0) 20 7786 4375

   

Peterhouse Corporate Finance (retail market advisor)

+44 (0) 20 7469 0930

Eran Zucker

 

Blytheweigh (PR)

+44 (0) 20 7138 3204

Nick Elwes

Tim Blythe

 

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1983C_1-2018-1-17.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ecoatlantic01182018.pdf
Source: Eco (Atlantic) Oil and Gas Ltd. (TSX Venture:EOG, LSE:ECO, OTC Bulletin Board:ECAOF)

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire

""

Follow the BOE Report
  • linkedin
  • facebook
  • twitter
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization
  • Newfoundland government to fund refinery as search for buyer continues
  • Canada’s rig count up 11 to 181
  • U.S. drillers add oil and gas rigs for 8th week in a row
  • Oil falls as China lockdown, U.S. unemployment temper gains

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Notifications
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
Data Partner
  • Foxterra
BOE Network
© 2021 Grobes Media Inc.