JHI, in which Eco acquired a 6.4% stake for US$10mm, completed the Sapote well on the Canje Block in Guyana but with no oil shows in the primary Upper Cretaceous reservoir target. There were oil shows in the deeper exploration targets. The results, once defined, should warrant additional exploration wells to test the deeper sections where the Sapote oil was present. JHI remains fully funded for further wells and furthermore Eco has no obligation to commit any capital towards future drilling at C ....
02 Nov 2021
Guyana exploration update
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Guyana exploration update
Eco (Atlantic) Oil & Gas Ltd. (ECO:LON) | 8.0 0 0.0% | Mkt Cap: 29.6m
- Published:
02 Nov 2021 -
Author:
Anish Kapadia | Jay Ashfield | Andy Crispin -
Pages:
3
JHI, in which Eco acquired a 6.4% stake for US$10mm, completed the Sapote well on the Canje Block in Guyana but with no oil shows in the primary Upper Cretaceous reservoir target. There were oil shows in the deeper exploration targets. The results, once defined, should warrant additional exploration wells to test the deeper sections where the Sapote oil was present. JHI remains fully funded for further wells and furthermore Eco has no obligation to commit any capital towards future drilling at C ....