An announcement from Eco Atlantic Oil & Gas ( (TSE:EOG) ) is now available.
Eco Atlantic Oil & Gas Ltd. reported its unaudited financial results for the three and nine months ended December 31, 2024, showing a strong financial position with cash and cash equivalents of $6.03 million and no debt. The company is actively expanding its operations in South Africa with the acquisition of Block 1 and a reduced interest in Block 3B/4B, while also progressing farm-out processes in Namibia and Guyana. These strategic moves position Eco Atlantic for a dynamic period of exploration and potential deal-making, enhancing its industry positioning and stakeholder value.
More about Eco Atlantic Oil & Gas
Eco Atlantic Oil & Gas Ltd. is an oil and gas exploration company focused on the offshore Atlantic Margins. The company operates primarily in South Africa, Namibia, and Guyana, engaging in exploration activities and forming strategic partnerships to advance its projects.
YTD Price Performance: -9.30%
Average Trading Volume: 504,253
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £29.58M
Learn more about EOG stock on TipRanks’ Stock Analysis page.
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