Eco-Atlantic Oil and Gas Ltd reports discovery of oil

  • Jan 03, 2020 GMT
  • Team Kalkine
  • The company reported discovery of cretaceous age light oil t the Carapa-1 well on the Kanuku block in Guyana
  • The oil is 27 degrees API, with a sulphur content of less than 1%.
  • The company is able to identify more drilling locations, once more number of wells are being drilled.
  • On 3rd January 2020, at the time of writing, at GMT 10:03 AM, ECO shares were trading at GBX 56.50, up by 4.50 points or 8.65% against the previous day closing price.

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