Latest Breaking News On - Stabroek block oil discovery - Page 1 : comparemela.com

Near-term, low risk, exploration drilling catalysts with significant upside     Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), an oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins of Namibia, is pleased to announce it has closed a transaction with JHI Associates Inc. ( JHI ), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the Transaction ) and to appoint Keith Hill, a non-executive Director of Eco, to the JHI Board. The Transaction provides Eco with immediate exposure to a current active drilling program in the Canje Block offshore Guyana. The Canje Block is operated by ExxonMobil and is held by Working Interests partners Esso Exploration & Production Guyana Limited (35%), with Total E&P Guyana B.V. (35%), JHI Associates (BVI) Inc. (17.5%) and Mid-Atlantic Oil &

Demerara mahaicaNew yorkUnited statesPotaro siparuniUnited kingdomJames bellmanAlice carrollDetlir eleziColin kinleyStena drillmaxMark antelmeNeil passmoreKeith hillJames harrisStena carronJimmy lea