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Eco (Atlantic) Oil & Gas Ltd : Spud of Sapote-1 well,
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Eco (Atlantic) Oil & Gas Ltd seen as a buy with material upside, well news is keenly awaited
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Proactive Oil & Gas weekly highlights: Tlou Energy Limited, Eco (Atlantic) Oil & Gas Ltd, ADM Energy PLC…
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Eco (Atlantic) emphasises strong cash position and significant near-term catalysts Despite the ongoing macroeconomic backdrop, we remain very positive about what the future holds for Eco Atlantic, said Eco s boss, Gil Holzmann
Eco (Atlantic) Oil & Gas Ltd said it made significant strides in the financial year just ended.
The oil and gas exploration company has made progress at its high-value assets in Namibia and Guyana and is committed to achieving exploration success at the sites, according to its results statement covering the year to the end of March.
As a pre-revenue company, Eco is still loss-making but it substantially reduced operating expenses to US$3.73mln, resulting in a net loss for the year of US$3.68mln, compared to a loss of £20.07mln the year before.