TORONTO, ON--(Marketwired - Mar 31, 2017) - Eco (Atlantic) Oil and Gas Ltd (
TSXV: EOG; AIM: ECO
31 March 2017
ECO (ATLANTIC) OIL & GAS LTD.
("Eco Atlantic", "Company" or, together with its subsidiaries, the "Group")
Eco Atlantic notes ExxonMobil's new additional "Snoek" Oil discovery Offshore Guyana, adjacent to the Company's Orinduik Block
Eco (Atlantic) Oil & Gas Ltd. (TSXV: EOG; AIM: ECO), the oil and gas exploration company with licences in Guyana and Namibia, notes the announcement made overnight by ExxonMobil Corporation ("Exxon") in relation to another new oil discovery in Guyana on its Snoek Oil Prospect, of 82 feet of high quality oil-bearing sandstone reservoir on the Stabroek Block, just 5 miles southeast of the Liza 1 discovery and in very close proximity to Eco Atlantic's 1,800 km2 Orinduik Block.
The Company continues its enhanced work programme on the Orinduik Block in partnership with Tullow (Eco Guyana 40%, Tullow 60% - Operator) and will update the market in due course on developments in respect of its ongoing operations in Guyana.
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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 Finlay Thomson, UK and IR manager |
+44 (0) 7976 248471 |
Strand Hanson Limited (Financial & Nominated Adviser) |
+44 (0) 20 7409 3494 |
| James Harris Rory Murphy James Bellman |
|
| Brandon Hill Capital Limited (Joint Broker) | +44 (0) 20 3463 5000 |
| Alex Walker Jonathan Evans Robert Beenstock |
|
| Peterhouse Corporate Finance (Joint Broker) | +44 (0) 20 7469 0930 |
| Eran Zucker Duncan Vasey Lucy Williams |
|
| Yellow Jersey PR | +44 (0) 774 884 3871 |
| Felicity Winkles Harriet Jackson |
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