magazineEco Atlantic gets Exxon discovery boost
Oil exploration firm Eco Atlantic Oil & Gas (ECO:AIM) has enjoyed a storming start to 2018 with its share price up 90% year-to-date to 33.4p. The rally is thanks to US oil major ExxonMobil announcing a sixth big discovery on the Stabroek block, Guyana.
This asset neighbours Eco’s 40%-owned Orinduik block. French energy giant Total is currently working through seismic data with an option to acquire a 25% stake in Orinduik for $13.5m. (TS)
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
Issue contents
Big News
- Is Mothercare a takeover target after share price slump?
- Dialight banking on new leadership
- Coal hits one-year high
- Eco Atlantic gets Exxon discovery boost
- The week in a minute
- Christmas boost for grocers
- Which UK-listed stocks are affected by US tax reform?
- Where to invest your Worldpay takeover proceeds
