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Huge discoveries in Guyana are ‘next door’ to small cap oil firm’s acreage

Oil explorer Eco (Atlantic) Oil & Gas’ (ECO:AIM) Guyana licence is located a mere eight kilometres from many substantial oil discoveries made by ExxonMobil, the latest of which, Snoek, was announced 31 March.

Chief executive Gil Holzman tells Shares his company will, in partnership with operator Tullow Oil (TLW), shortly commence a 3D seismic survey over the Orinduik block and should be ready to drill a well by the end of 2017.

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