The Company continues its enhanced work programme on the Orinduik Block in partnership with Tullow (Eco Guyana 40%, Tullow 60% - Operator) and will update the market in due course on developments in respect of its ongoing operations in Guyana.
Gil Holzman, Eco Atlantic’s CEO, commented; “This 3rd significant discovery by ExxonMobil in addition to Liza and Payara, further cements Guyana’s position as one of the most exciting oil and gas exploration jurisdictions in the world right now. The new "Snoek" discovery on the Stabroek Block on an adjacent field to our Orinduik Block is extremely encouraging and augurs well for Eco’s prospectivity in the area. Such developments merely reinforce the Board’s growing conviction that Eco-Atlantic’s collection of international oil and gas prospects represents a significant, potentially world-class portfolio.”
