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Eco Atlantic notes ExxonMobil's find in Guyana

By BFN News | 09:39 AM | Friday 31 March, 2017


Eco (Atlantic) Oil & Gas has noted ExxonMobil's new additional 'Snoek' oil discovery offshore Guyana, adjacent to the company's Orinduik block. Eco (Atlantic) said ExxonMobil's discovery - 82 feet of high quality oil-bearing sandstone reservoir on the Stabroek block - was just 5 miles south-east of the Liza 1 discovery and in very close proximity to Eco Atlantic's 1,800 sq km Orinduik block. The company said it continued its enhanced work programme on the Orinduik block in partnership with Tullow (Eco Guyana 40%, Tullow 60% - operator) and would update the market in due course on developments in respect of its ongoing operations in Guyana. At 9:39am: (LON:ECO) Eco Atlantic Oil Gas Ltd Com Shs Npv Di share price was +0.88p at 18p Story provided by StockMarketWire.com

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