Gil Holzman, chief executive of Eco Atlantic Oil & Gas Ltd (LON:ECO) (CVE:EOG), speaks to Proactive London’s Andrew Scott after raising US$17 million of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana.
Eco will now be able to fund its share of up to four additional exploration or development wells, perhaps indicating confidence among the joint venture partners ahead of the first phase of wells.