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Created: 09/09/2019 01:01:44 PM - Followers: 2 - Board type: Free - Posts Today: 0

Eco Atlantic is a TSX-V and AIM listed Oil & Gas exploration and production Company with interests in Guyana and Namibia where significant oil discoveries have been made.


The Group aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in stable emerging markets, in partnership with major oil companies, including Tullow, ONGC, Total and Azinam.

Homepage - Eco (Atlantic) Oil & Gas Plc                                                                                                                                                                                         Homepage - Eco (Atlantic) Oil & Gas Plc                                    
Key Shareholders Percentage shareholding (%)    
Africa Oil Corp 18.39%
Eco (Atlantic) Oil & Gas Director & Related Holdings

Moshe Peterburg
Gil Holzman
Colin Kinley

Canaccord Genuity 9.33%
CIBC Asset Mgt 8.83%
Hargreaves Lansdown Asset Mgt 5.33%
Trent Ltd 3.65%
TD Waterhouse Canada 3.12%

Data as of 22 June 2020 

The Company has
common shares of no par value in issue.
The percentage of AIM securities not in public hands is
36.06 %

                                                                                                                                                                       Data as of 04 March 
                                                                                                                               latest news:                                                                                                                                                                                                                                                               5 July 2021


                                                                                                                                                                                                   Jabillo-1 Well Result and Sapote-1 well to be drilled next
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), the oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins of Namibia, has received a detailed update from JHI Associates Inc. ("JHI"). The Jabillo-1 well in the Canje Block, offshore Guyana, reached its planned target depth and was evaluated but did not show evidence of commercial hydrocarbons. Jabillo-1 will now be plugged and abandonedsadThis well was drilled at no cost to JHI or Eco and was completed on a full carry basis.  The Jabillo-1 well was drilled to test Upper Cretaceous reservoirs in a stratigraphic trap. The well was positioned offshore Guyana, approximately 265 km northeast of Georgetown, in 2,903 meters of water and was safely drilled to a total depth of 6,475 meters.
The Stena DrillMax Rig is currently operating in the ExxonMobil Operated Stabroek Block and is expected to move on to drill the Sapote-1 well, in the eastern portion of the Canje Block. The Sapote-1 Well is expected to be spud in mid-August 2021 with an estimated drilling time of up to 60 days.smiley.update 29/10/2021: NO OIL IS FOUND.sadsadsmiley

 The Sapote-1 prospect is located in the south eastern section of Canje, and is a separate and distinct target from Jabillo. Sapote-1 lies approximately 100 km southeast of Jabillo and approximately 50 km north of the Haimara discovery in the Stabroek Block which encountered ~207 feet (63 meters) of high-quality, gas-condensate bearing sandstone reservoir and approximately 60 km northwest of the Maka Central discovery in Block 58 which encountered ~164 feet (50 meters) of high-quality, oil-bearing sandstone reservoir.Eco recently acquired a 6.4% interest in JHI with the option to increase its stake to 10% on a fully diluted basis.  JHI, a private company incorporated in Canada, holds a 17.5% Working Interest in the Canje Block and was carried on the Jabillo-1 well.Eco remains well funded to progress its planned Orinduik Block drilling program, subject to partner approval, and now as a result of this recent investment in JHI, it is also fully funded for the ongoing program on Canje Block that includes the upcoming committed Sapote-1 well and any additional potential wells considered for this year.

The Canje Block is operated by ExxonMobil and is held by Working Interests partners Esso Exploration & Production Guyana Limited (35%), with TotalEnergies E&P Guyana B.V. (35%), JHI Associates (BVI) Inc. (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%).

 Gil Holzman, Co-Founder and Chief Executive Officer of Eco Atlantic, commented:

 "While today's update from JHI is disappointing, this is the nature of oil exploration. Our stakeholders continue to support our exploration efforts and look for us to continue to define these near term high impact opportunities. Our next focus is the Sapote-1 prospect to be spud in the upcoming weeks which brings us another opportunity to share in what we hope to be another major ExxonMobil led discovery. JHI was carried on the Jabillo-1 well and this is just the first in a series of exploration wells that Eco expects to be involved in this year and next. Guyana has proven to be one of the most prolific hydrocarbon regions on the globe and the high discovery ratio continues and the Company continues to be excited about its near-term future prospects on both the Orinduik and the Canje Blocks.
"The next well in the program, Sapote-1, is located adjacent to existing discoveries and it is expected to be spud in mid-August 2021.  The targets in the region have proven to hold some hundreds of millions of barrels of oil and oil equivalent and we look forward to similar scaled results from this upcoming well."I am happy that we managed to become a part of JHI and the Canje Block exploration program in time that offers our stakeholders a stream of high impact catalysts and an ongoing drilling program operated by ExxonMobil. I have a great confidence that our Canje Block exposure will yield great returns and oil discoveries as it also paves the way to a broader exposure and collaboration in the Guyana-Suriname Basin."devil

                                                                                                                                                                                                                                       9 July 2021
Completion of Subscription Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), an oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins of Namibia, is pleased to announce, further to its announcement on 28 June 2021, that it has received approval from the TSX Venture Exchange for its private placement with Africa Oil Corp. ("Africa Oil") and Charlestown Energy Partners LLC ("Charlestown Energy") to raise approximately CAD6.1m (the "Subscription"). The terms of the Subscription remain unchanged, save that the exercise price of the warrants to subscribe for new common shares has been increased to 0.47 CAD. Application is being made to the London Stock Exchange for the 14,945,913 new common shares to be issued pursuant to the Subscription (the "Subscription Shares") to be admitted to trading on AIM ("Admission"). Admission is expected to take place on 15 July 2021. On Admission, the Company's total issued share capital will consist of 199,643,636 common shares with voting rights. The Company does not hold any common shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The Subscription Shares will be fully paid and will rank pari passu in all respects with the Company's existing Common Shares.

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Strategic Acquisition of JHI and its Interest in plumo 03/14/2022 09:43:22 AM
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#38 plumo 01/26/2022 02:17:52 AM
Eco (Atlantic) Oil & Gas plumo 01/10/2022 11:16:45 AM
#36 plumo 01/05/2022 12:09:33 PM
good news about Significant discoveries at Fangtooth-1 and plumo 01/05/2022 12:07:07 PM
Operational Update and Notice of AGM plumo 11/01/2021 05:11:35 AM
2022 could be a turning point for eog!!!!I plumo 10/30/2021 09:58:48 AM
Oh that's a bummer. But nice catch dd-wise nowwhat2 10/30/2021 07:43:08 AM
bad oil is found plumo 10/30/2021 06:45:42 AM
still no news!!!!!!!! plumo 10/29/2021 10:31:27 AM
You are ON it ! nowwhat2 10/13/2021 12:38:31 PM
nice increase and volumes. soon drilling results. plumo 10/13/2021 11:29:43 AM
#27 plumo 10/01/2021 10:28:32 AM
$ECO.V analysis: How Sapote-1 well along the oil-rich plumo 09/04/2021 10:56:39 AM
thanks for the update plumo 09/01/2021 10:10:02 AM
Eco Atlantic releases its Q2 financials, feeling optimistic dakel85 08/31/2021 10:36:27 AM
dakel85 08/31/2021 10:36:06 AM
Eco Atlantic releases its Q2 financials, feeling optimistic dakel85 08/31/2021 10:36:01 AM
Eco Atlantic releases its Q2 financials, feeling optimistic dakel85 08/31/2021 10:35:56 AM
#17 plumo 08/30/2021 08:01:53 AM
Westmount Energy: Exxon kicks off Sapote-1 well offshore Guyana plumo 08/26/2021 06:24:45 AM
why this drop??????????? today.huge volume !!!!! plumo 08/19/2021 02:28:32 PM
#14 plumo 08/11/2021 06:20:26 AM
#13 nice move today coming? plumo 08/05/2021 12:21:55 AM
#12 plumo 08/03/2021 12:45:32 AM
#11 Audited Results Year ended 31 March 2021 & Update plumo 07/30/2021 04:47:17 AM
#10 plumo 07/20/2021 10:02:34 AM
#9 Tullow working on identifying upcoming drill targets in Guyana plumo 07/16/2021 10:20:05 AM
#8 We've already had some big trades today. plumo 07/13/2021 01:31:21 PM
#7 it's going to be important months for eco!!!!!!!!!!! plumo 07/13/2021 10:22:03 AM
#6 Completion of Subscription plumo 07/13/2021 10:18:05 AM
#5 The next well in the program, Sapote-1, is plumo 07/13/2021 10:17:12 AM
#4 5 July 2021 plumo 07/13/2021 10:15:42 AM
#3 Sold at $0.99 pthhhh Edgenation 11/14/2019 11:47:17 AM
#2 EOG dropped over 50% yesterday due to their Edgenation 11/14/2019 08:27:29 AM
#1 Here come the boom TeddyCaswell 09/26/2019 04:57:04 PM
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