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Eco Atlantic Oil & Gas plus Russ Mould on Market Expectations for 2020

12:32, 3rd January 2020

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On today's Vox Markets Podcast: Eco Atlantic Oil & Gas plus Russ Mould on Market Expectations for 2020

Gil Holzman, Co‐Founder and Chief Executive Officer for Eco Atlantic Oil & Gas (ECO) FOLLOW explains the significance of Tullow Oil's discovery at their Carapa-1 well offshore Guyana.

Eco Atlantic is a TSX-V and AIM quoted Oil & Gas exploration and production Company with interests in Guyana and Namibia, where significant oil discoveries have been made. The Group aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in stable emerging markets, in partnership with major oil companies, including Tullow, Total and Azinam. In Guyana, Eco Guyana holds a 15% working interest alongside Total (25%) and Tullow Oil (60%) in the 1,800 km2 Orinduik Block in the shallow water of the prospective Suriname-Guyana basin.

The Orinduik Block is adjacent and updip to ExxonMobil and Hess Corporation's Stabroek Block, on which thirteen discoveries have been announced and over 6 Billion BOE of oil equivalent recoverable resources are estimated. First oil production is expected from the deep-water Liza Field in 2020. In Namibia, the Company holds interests in four offshore petroleum licences totalling approximately 25,000km2 with over 2.3bboe of prospective P50 resources in the Walvis and Lüderitz Basins. These four licences, Cooper, Guy, Sharon and Tamar are being developed alongside partners Azinam and NAMCOR. Eco has been granted a drilling permit on its Cooper Block (Operator).


Russ Mould, Investment Director at stockbroker AJ Bell reflects on the best performing markets in 2019 and market expectations for 2020.

(Interview starts at 9 minutes 26 seconds)  

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