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Eco Atlantic commences 3D survey on Orinduik Block

By BFN News | 02:08 PM | Wednesday 26 July, 2017


Eco (Atlantic) Oil and Gas has confirmed that Eco Atlantic and its Operating Partner Tullow Oil have commenced a 2,550 km2 seismic survey on the Company's Orinduik Block offshore the Co-operative Republic of Guyana. The survey is being conducted by Schlumberger Guyana Inc. (Western Geco) using R/V GECO Eagle and two supporting vessels, and is expected to be completed within 50 days following which the results will be interpreted before an announcement is published. Colin Kinley, Chief Operating Officer and co-founder of Eco Atlantic commented: "As previously announced and planned, we are excited to commence this significant 3D survey, which is substantially greater than the committed survey. In addition to further defining and de-risking the existing leads, the survey will hopefully better define potential drilling targets and determine the scale of the resource on the Orinduik Block. We look forward to processing the data and beginning to understand results in the fourth quarter of this year." At 2:08pm: (LON:ECO) Eco Atlantic Oil Gas Ltd Com Shs Npv Di share price was +0.5p at 17.75p Story provided by StockMarketWire.com

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