Eco (Atlantic) Oil and Gas Ltd. Entry into TSX Venture 50 (7060F)
February 22 2018 - 11:33AM
UK Regulatory
TIDMECO
RNS Number : 7060F
Eco (Atlantic) Oil and Gas Ltd.
22 February 2018
The Venture 50 logo is a trademark of TSX Inc. and is used under
license
22 February 2018
ECO (ATLANTIC) OIL & GAS LTD.
("Eco Atlantic", the "Company", "Eco" or, together with its
subsidiaries, the "Group")
Entry into TSX Venture 50
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), the
oil and gas exploration company with licenses in highly prospective
regions in South America and Africa, is delighted to announce it
has been recognized as a 2018 TSX Venture 50(TM) company, an annual
ranking of top-performing companies on the TSX Venture Exchange
(the "TSX-V") over the last year. See
http://www.tmx.com/venture50
The TSX Venture 50(TM) comprise the top 10 companies listed on
the TSX Venture Exchange in each of the five major industry sectors
- mining, oil & gas, clean technology & life sciences,
diversified industries and technology - based on a ranking formula
with equal weighting given to return on investment, market
capitalisation growth, trading volume and analyst coverage. All
data was as of December 31, 2017.
Gil Holzman, President and CEO of Eco Atlantic Commented:
"We are delighted to be included into the TSX Venture 50 for
2018. This achievement is a recognition of the Company's
performance as well as the delivery of our strategy. It is also a
reflection of the Company's strong performance since its admission
to AIM in February 2017. We have licences in two highly prospective
regions and have partnered with some of the top companies in our
industry, so we are confident that 2018 promises to be yet another
exciting year for the Company, not only on our own licences, but
also given the busy activity on the neighbouring oil licences in
both Namibia and Guyana."
For more information, please visit www.ecooilandgas.com or
contact the following:
Eco Atlantic Oil and Gas +1 (416) 250 1955
Gil Holzman, CEO
Colin Kinley, COO
Alan Friedman, VP
Strand Hanson Limited (Financial +44 (0) 20 7409
& Nominated Adviser) 3494
James Harris
Rory Murphy
James Bellman
Brandon Hill Capital Limited +44 (0) 20 3463
(Joint Broker) 5000
Oliver Stansfield
Jonathan Evans
Robert Beenstock
Pareto Securities Limited (Joint +44 (0) 20 7786
Broker) 4370
+44 (0) 20 7786
Soren Clausen 4382
+44 (0) 20 7786
4398
Davide Finelli +44 (0) 20 7786
Matilda Mäkitalo 4375
Peterhouse Corporate Finance +44 (0) 20 7469
(retail market advisor) 0930
Eran Zucker
+44 (0) 20 7138
Blytheweigh (PR) 3204
Nick Elwes
Tim Blythe
About Eco Atlantic
Eco Atlantic is a TSX-V and AIM listed oil and gas exploration
and production Company with interests in Guyana and Namibia where
significant oil discoveries have been made.
The Group aims to deliver material value for its stakeholders
through oil exploration, appraisal and development activities in
stable emerging markets, in partnership with major oil companies,
including Tullow and AziNam.
In Guyana, Eco Guyana holds a 40 per cent. working interest
alongside Tullow Oil (60 per cent.) in the 1,800 km(2) Orinduik
Block in the shallow water of the prospective Suriname Guyana
basin. The Orinduik Block is adjacent and updip to the deep-water
Liza Field, recently discovered by ExxonMobil and Hess, which is
estimated to contain as much as 2.5 billion barrels of oil
equivalent, making it one of a handful of billion-barrel
discoveries in the last half-decade.
In Namibia, the Company holds interests in four offshore
petroleum licences totaling approximately 25,000 km(2) with over
2.3 billion barrels of prospective P50 resources in the Wallis and
Lüderitz Basins. These four licences, Cooper, Guy, Sharon and Tamar
are being developed alongside partners, which include Tullow Oil,
AziNam and NAMCOR. Significant 3D and 2D surveys and interpretation
have been completed with drilling preparations expected to begin in
2018.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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