Eco (Atlantic) Oil And Gas Ltd Makes Second Oil Discovery Offshore Guyana

  • Sep 16, 2019 BST
  • Team Kalkine

Eco (Atlantic) Oil and Gas Ltd. (AIM: ECO), in offshore Guyana, on the Orinduik Block, has made a second oil discovery. There was constant thick sandstone encountered at the Joe-1 exploration well 52 feet (16 meters), demonstrating the presence of recoverable oil possessions. Now the company along with its other partners Tullow, who is the operator of the well and Total, will conduct a thorough assessment of the Jethro, Joe and Hammerhead extension oil pools on the Orinduik Block.

On 16th September 2019, at the time of writing, GMT 13:08 PM, ECO shares were trading at GBX 178.00, up by 3.00 points or 1.71% against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK