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Eco (Atlantic) announces Y/E results and operational and business update


Eco (Atlantic) announces Y/E results and operational and business update
30 Jul 2021
Eco (Atlantic) Oil & Gas, the oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins of Namibia, has announced its results for the year ended 31 March 2021, alongside a corporate and operational update. 
The Company also notes that an updated corporate presentation is now available on its website at www.ecooilandgas.com.
Results Highlights:
Financials:
As at 31 March 2021, the Company had working capital of US$13 million and no debt.
In June 2021, the Company raised an additional US$4.9m in the form of a private placement. ....

Potaro Siparuni , Perifereia Dytikis Makedonias , United States , Demerara Mahaica , Keith Hill , Gil Holzman , Maurel Prom , Qatar Petroleum , Eco Atlantic Renewables , Solear Ltd , Africa Oil Corp , Eco Atlantic Oil Gas , Associates Inc , West Africa , South America , Walvis Basin , Eco Atlantic , Canje Block , Orinduik Block , Block Operator Exxonmobil , Tullow Guyana , Totalenergiesep Guyana , Offshore Namibia , Chief Executive Officer , போதறோ சிபாருநீ , ஒன்றுபட்டது மாநிலங்களில் ,

Eco (Atlantic) Oil & Gas Ltd emphasises strong cash position and significant near-term catalysts


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. ....

Potaro Siparuni , Demerara Mahaica , Gil Holzman , Eco Atlantic Oil Gas Ltd , Gas Ltd , Walvis Basin , Orinduik Block , போதறோ சிபாருநீ , டெமென்றாரா மஹைக்க , கில் ஹோல்ஸ்மேன் , சூழல் அட்லாண்டிக் எண்ணெய் வாயு லிமிடெட் , வாயு லிமிடெட் ,