Eco Atlantic Oil & Gas Ltd - Toronto-based oil and gas exploration company - Plans to spud the Gazania-1 well, 25 kilometres offshore the Northern Cape in South Africa, in September 2022. Holds a 50% working interest in Block 2B, where well sits.
‘We have worked diligently with our drilling team and partners to define a safe and efficient drilling strategy for Gazania, to define drilling engineering to meet world standards of environmental protection and hopefully give South Africa access to its own oil resources,’ Co-founder and Chief Operating Officer Colin Kinley says.
Current stock price: 25.64 pence, down 2.4% on Wednesday
12-month change: up 12%
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