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.
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