Results in line, Eco (Atlantic) Oil & Gas announced yesterday At September 30, 2019, cash was US$330 mm (GMPFEe: c. US$337 mm) with no debt. EOPS production in Kenya is 2,000 bbl/d (GMP FEe 4Q19: 2,000 bbl/d). The oil encountered at Eco (Atlantic) Oil & Gas’s Jethro-1 and Joe-1 In Guyana, has been found to be heavy (12 deg API) with high sulphur content and the commerciality of the discoveries is being assessed. Africa Oil has an 18.8% holding in Eco, equating to a 2.82% WI
14 Nov 2019
FLASH: 3Q19 results
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FLASH: 3Q19 results
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
14 Nov 2019 -
Author:
Steven I. Paget -
Pages:
2
Results in line, Eco (Atlantic) Oil & Gas announced yesterday At September 30, 2019, cash was US$330 mm (GMPFEe: c. US$337 mm) with no debt. EOPS production in Kenya is 2,000 bbl/d (GMP FEe 4Q19: 2,000 bbl/d). The oil encountered at Eco (Atlantic) Oil & Gas’s Jethro-1 and Joe-1 In Guyana, has been found to be heavy (12 deg API) with high sulphur content and the commerciality of the discoveries is being assessed. Africa Oil has an 18.8% holding in Eco, equating to a 2.82% WI