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Eco (Atlantic) Oil & Gas Ltd. has announced that the joint venture (JV) partners in respect of the Orinduik Block offshore Guyana have successfully entered into the First Renewal Period of the Orinduik Petroleum Prospecting License initially signed on 14 January 2016 with the Government of Guyana, with the associated notice having now been approved and signed by the Department of Energy of the Government of Guyana.
The Department of Energy has also provided final approval for the transfer of the Total E&P Guyana B.V. 25% working interest in the Orinduik Petroleum Agreement to a new company jointly owned by Total E&P Guyana B.V. (60%) and Qatar Petroleum (40%), namely TOQAP Guyana B.V. (TOQAP). Accordingly, the JV partners now comprise Eco Atlantic (15% WI), Tullow Guyana B.V. (operator, 60% WI) and TOQAP (25% WI).
Eco Atlantic Oil & Gas Ltd (AIM:ECO) | RNS | Eco (Atlantic) O&G - Renewal of Orinduik Petroleum Agreement
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Eco (Atlantic) Oil & Gas Ltd says Orinduik licence renewed until 2023
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TRADING UPDATES: Arix backs buyback; 88 Energy notes share price surge
Mon, 15th Mar 2021 21:44
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Arix Bioscience PLC - focused on investing in biotech companies - Says board approves buyback of up to GBP25 million worth of shares. The share buyback programme is consistent with Arix s strategy of creating and delivering value for all stakeholders and follows shareholder consultation as part of the company s stated commitment to keep use of cash under review, following the trade sale of VelosBio, Arix says.