by –News Direct–
Eco (Atlantic) Oil & Gas Ltd CEO Gil Holtzman joins Proactive's Stephen Gunnion with an update on the company's projects offshore Guyana, Namibia and South Africa.
Holtzman noted that Eco has added to its sizeable stake in the Orinduik Block, offshore Guyana, after buying out exploration partner Tullow Oil. It comes after previous wells on the block failed to deliver a discovery but significantly, a substantial portion of the blocks prospectivity remains untested.
In particular, the type of exploration play that yielded Exxons massive nearby discoveries has yet to be drilled in this neighbouring acreage, as under Tullows operatorship the partner previously went after alternative targets. Eco now intends to re-partner and go after these already de-risked prospects.
Holtzman also provided details of the latest developments on the company's acreage positions in South Africas Orange Basin and the Walvis Basin off Namibia.
Eco is actively involved in the global energy transition and aims to deliver material value for its stakeholders by exploring for hydrocarbons in some of the most prolific petroleum basins around the world.
Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore low carbon-consuming oil and gas in stable emerging markets near infrastructure.
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View source version on newsdirect.com: https://newsdirect.com/news/eco-atlantic-oil-and-gas-ceo-extremely-optimistic-with-companys-prospects-in-guyana-sa-and-namibia-112717482
Eco (Atlantic) Oil & Gas Ltd
COMTEX_442328321/2655/2023-10-23T10:57:43
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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