Eco (Atlantic) Oil & Gas Ltd.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Gil Holzman
- Full Time Employees
- 6
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 7 Coulson Avenue Toronto ON Canada M4V 1Y3
- IPO Date
- Nov 6, 2007
- Website
- ecooilandgas.com
- Similar Companies
- Business
- Eco (Atlantic) Oil & Gas Ltd. is a Toronto- and London-listed oil and gas exploration company focused on identifying, acquiring, exploring and developing upstream petroleum assets in high-potential Atlantic Margin basins; it holds interests in offshore licenses in Guyana, Namibia and South Africa, including a 100% working interest in the Orinduik Block (1,354 square kilometers) in the Suriname-Guyana Basin, an 85% operated interest in Petroleum Exploration Licences (PEL) 97, 99 and 100 (combined 22,894 square kilometers) in Namibia's Walvis Basin, a 5.25% interest in South Africa's Block 3B/4B and a 75% operated interest in Block 1 (totaling approximately 37,510 square kilometers) in the Orange Basin. Founded in 2007 and headquartered in Toronto, Canada, the company targets stable emerging markets near infrastructure to explore for low-carbon intensity oil and gas, partnering with major and mid-tier energy firms to derisk operations and advance from discovery to potential production. Core activities encompass early-stage opportunity identification in frontier jurisdictions, competitive license acquisitions, seismic surveys and drilling operations, and farm-out arrangements for joint ventures; in Namibia, it recently optimized its portfolio by farming out its PEL 98 interest to Lamda Energy and secured one-year extensions on PELs 97, 99 and 100 to September 2026, incorporating 3D seismic commitments. In December 2025, Eco Atlantic entered a strategic partnership with Navitas Petroleum via a binding framework agreement for US$2 million, granting Navitas exclusive options to farm into an 80% operated interest in the Orinduik Block (with US$2.5 million payment upon exercise, covering Eco's exploration costs including potential Jethro-1 and Joe-1 heavy oil appraisal amid ExxonMobil's nearby Hammerhead development) and up to 47.5% operated interest in South Africa's Block 1 CBK (with US$4 million payment, reimbursable from production); the deal also enables 50:50 participation in Eco's future asset acquisitions for up to ten years, funding portfolio work programs and new opportunities.
Company News
Eco (Atlantic) Oil & Gas rises 8% as Navitas deal brings US$4 million
Eco (Atlantic) Oil and Gas Ltd. Announces Exercise of Options
Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Petroleum farms into Block 1 CBK
Eco (Atlantic) Oil and Gas Ltd. Announces JHI Acquisition - Final Court Order Obtained
Eco (Atlantic) Oil and Gas Ltd. Announces Exercise of Options
Eco (Atlantic) Oil and Gas Ltd. Announces Exercise of Options
Eco (Atlantic) Oil and Gas Ltd. Announces Farm Down of Namibian Portfolio to BP
Eco (Atlantic) Oil and Gas Ltd. Announces Exercise of Options
Eco (Atlantic) Oil and Gas Ltd. Announces Result of AGM
Eco (Atlantic) Oil and Gas Ltd. Announces Acquisition of JHI & Navitas Partnership
Eco (Atlantic) Oil and Gas Ltd. Announces Notice of Annual General Meeting
Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Signs Farm-In for North Falklands Licence
Eco (Atlantic) Oil and Gas Ltd. Announces Results For Three & Nine Months Ended 31 Dec 2025
Eco (Atlantic) Oil and Gas Ltd. - Move to SETS Trading Platform
Eco (Atlantic) Oil and Gas Ltd. Announces Completion of Direct Equity Subscription of US$10m
Eco (Atlantic) Oil and Gas Ltd Announces Direct Equity Subscription & Issue of Warrants
Eco (Atlantic) Oil and Gas Ltd. Announces Notice of Annual General Meeting
Eco (Atlantic) Oil and Gas Ltd. Announces Guyana Licence Update
Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Farms-In to JHI's North Falklands Licence
Eco (Atlantic) Oil and Gas Ltd. Announces Executives and Broker Appointment