Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Eco Atlantic Oil & Gas Ltd    EOG   CA27887W1005

ECO ATLANTIC OIL & GAS LTD (EOG)
My previous session
Most popular
  Report  
SummaryNewsCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Eco Atlantic : confirms 2019 drilling program offshore Guyana

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 03:31pm CET

The Partners on the Orinduik Block, being Eco Atlantic, Total and Tullow (Operator), approved the initial 2019 work plan and budget for the first exploration well on the Orinduik Block on Nov. 30, 2018. The initial budget is for drilling the Jethro-Lobe prospect to be spud by the end of May-early June 2019. This will be the first well out of at least two well campaigns proposed by the Operator in 2019.

The Partners have approved the purchase of the necessary long lead items and are currently considering the proposals offered by drilling and service contractors who have offered a firm drilling window within the Partners envisaged timeframe and competitive rates. Eco estimates that the approximate net cost to Eco of the first well, targeting the Jethro Lobe prospect, at up to $7.6 million. Eco is fully funded for the 2019 campaign having current cash of over $20 million, as announced on Nov. 29, 2018.

The Jethro-Lobe prospect, which will be drilled from a conventional drillship, is an Upper Cretaceous stratigraphically trapped canyon turbidite in approximately 1,350 m of water.

(c) 2018 Bakhtar News Agency. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ECO ATLANTIC OIL & GAS LTD
12/07ECO ATLANTIC : confirms 2019 drilling program offshore Guyana
AQ
12/06ECO ATLANTIC : to Start Drilling Well Offshore Guyana in may or June
AQ
12/05Eco Atlantic, Partners Approve 2019 Drill Campaign Offshore Guyana
DJ
11/30ECO ATLANTIC : Completes Orinduik Farm Out To Total For USD12.5 Million
AQ
11/28ECO ATLANTIC OIL & GAS : Completion of Total Farm-Out on Eco's Orinduik Block
AQ
11/01ECO ATLANTIC OIL & GAS : Operational Updates in Guyana
AQ
11/01ECO ATLANTIC OIL & GAS : Guyana President Approves Eco Atlantic's Farmeout Inter..
AQ
10/26Eco Atlantic Expects Payment After Tullow Exits Agreement in Namibia
DJ
10/01ECO ATLANTIC : Receives Government Approval to Drill PEL 30 Offshore Namibia
AQ
09/29ECO ATLANTIC OIL & GAS : receives environment clearance to drill PEL 30 offshore..
AQ
More news
News from SeekingAlpha
09/16What Is Crude Oil's Future Path? 
09/13Total takes 25% stake in Guyana offshore oil block 
09/11Tullow-operated Guyana prospect contains large oil resource, partner says 
2017Total looks to make foray into offshore Guyana for as much as $13.5M 
2017Eco Atlantic Oil & Gas reports Q1 results 
Chart ECO ATLANTIC OIL & GAS LTD
Duration : Period :
Eco Atlantic Oil & Gas Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers
NameTitle
Gil Holzman President, Chief Executive Officer & Director
Moshe Peterburg Non-Executive Chairman
Colin Brent Kinley Chief Operating Officer & Director
Alan Rootenberg Chief Financial Officer
Helmut Kangulohi Angula Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ECO ATLANTIC OIL & GAS LTD92
CONOCOPHILLIPS18.78%75 878
CNOOC LTD14.26%73 145
EOG RESOURCES-5.75%60 084
OCCIDENTAL PETROLEUM CORPORATION-9.67%50 239
CANADIAN NATURAL RESOURCES LTD-20.24%32 423