Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Eco Atlantic Oil & Gas ( (TSE:EOG) ) has issued an announcement.
Eco (Atlantic) Oil & Gas said it is in constructive talks with Guyana’s Ministry of Natural Resources over the continuation of its appraisal and exploration programme on the offshore Orinduik Block, which reached the end of its second renewal term on 14 January 2026. Under Guyana’s Petroleum Act, Eco and partner Navitas Petroleum can retain rights to the Jethro-1 and Joe-1 discoveries while their appraisal plan is under review, and they have submitted joint proposals aimed at preserving access to these finds and optimising block configuration in line with government objectives and shareholder value. The discussions, described as part of a routine regulatory process, underscore Eco’s bid to secure a value-accretive development path in the Guyana-Suriname Basin and maintain its strategic foothold in one of the world’s most closely watched offshore oil provinces.
More about Eco Atlantic Oil & Gas
Eco (Atlantic) Oil & Gas is a TSX-V and AIM-quoted exploration company focused on offshore Atlantic Margin basins, with licence interests in Guyana, Namibia and South Africa. The group targets low carbon intensity oil and gas resources in stable, emerging markets close to existing or planned infrastructure, operating the Orinduik Block in the Guyana-Suriname Basin, three Walvis Basin licences in Namibia, and holdings in South Africa’s Orange Basin.
See more insights into EOG stock on TipRanks’ Stock Analysis page.