Eco started trading on the TSX-V in 2011 with Namibian oil interests. In 2016, Eco teamed up with Tullow to acquire a licence in Guyana to explore similar basins in the margins on the other side of the Atlantic Ocean, ahead of becoming dual-listed in 2017. The shares began rising on Eco’s announcement to drill and climbed to 190p+ following the drilling of two discovery wells in Guyana which confirmed the prospectivity of the upper & lower Tertiary fairways. However, the stock price fell by two thirds in a matter of days following Tullow’s announcement that the wells contained heavy oil disappointing the market and since then the stock has remained unloved.
25 Jan 2022
Highly successful explorer in frontier regions in Guyana, Namibia and South Africa where preparations for further drilling have begun
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Highly successful explorer in frontier regions in Guyana, Namibia and South Africa where preparations for further drilling have begun
Eco (Atlantic) Oil & Gas Ltd. (ECO:LON) | 8.0 0 0.0% | Mkt Cap: 29.6m
- Published:
25 Jan 2022 -
Author:
Dr. Michael Green -
Pages:
33
Eco started trading on the TSX-V in 2011 with Namibian oil interests. In 2016, Eco teamed up with Tullow to acquire a licence in Guyana to explore similar basins in the margins on the other side of the Atlantic Ocean, ahead of becoming dual-listed in 2017. The shares began rising on Eco’s announcement to drill and climbed to 190p+ following the drilling of two discovery wells in Guyana which confirmed the prospectivity of the upper & lower Tertiary fairways. However, the stock price fell by two thirds in a matter of days following Tullow’s announcement that the wells contained heavy oil disappointing the market and since then the stock has remained unloved.