Eco Atlantic Oil & Gas Ltd (UK) (TSE:EOG) has released an update.
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Eco Atlantic Oil & Gas Ltd., an oil and gas exploration firm, reported possessing a healthy financial position with $2.2 million in cash, no debt, and substantial total equity of $48.3 million as of December 31, 2023. The company is advancing its exploration and production projects, including applying for a Production Right in South Africa’s Block 2B, progressing a farm-out and drilling campaign for Block 3B/4B, and exploring farm-out opportunities in Namibia after successful drilling in the region.
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