Business
Eco (Atlantic) Oil and Gas Ltd. announces Inclusion in TSX Venture 50
Inclusion in TSX Venture50 for second consecutive year TORONTO, ONTARIO / ACCESSWIRE / F...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Eco (Atlantic) Oil and Gas Ltd. announces Inclusion in TSX Venture 50Inclusion in TSX Venture50 for second consecutive yearTORONTO, ONTARIO / ACCESSWIRE / February 22, 2019 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO, TSX-V: EOG), the oil and gas exploration company with licenses in highly prospective regions in Guyana and Namibia, is delighted to announce that it has been ranked second in the Energy Sector on the 2019 TSX Venture 50™, up from fifth in 2018. This marks the second consecutive year Eco has been included in the TSX Venture 50™, an annual ranking of the top-performing companies on the TSX Venture Exchange (the \"TSX-V\") over the last year. For further information, please visit http://www.tmx.com/venture50.The TSX Venture 50™ comprises the top ten companies listed on the TSX-V in each of the five major industry sectors ranked by return on investment, market capitalisation growth and trading volume. The sectors are mining, energy & energy services, clean technology & life sciences, diversified industries and technology. All data was as of December 31, 2018.Gil Holzman, President and CEO of EcoAtlantic Commented:\"It is a privilege to have been ranked as one of the top 50 performing stocks on the TSX-V for the second year running, as demonstrated by our inclusion in the TSX Venture 50 for 2019,ranked second out of the ten best performing energy companies. In recognition of the award, representatives from the Eco team will be at the TSX today toring the bell, opening trade on the exchange.\"We are delighted that we have been able to deliver such a performance for our shareholders. It reflects the achievements we made in 2018, including Total's farm into our Orinduik Blockoffshore Guyana and our advancement towards drilling at least two wells on theOrinduik Block in Q2 2019.\"Our prospects have been further bolstered by 12 discoveries on ExxonMobil's adjacent Stabroek Block, most importantly their Hammerhead discovery, that opened up a whole new Tertiaryplay on the Stabroek and Orinduik Blocks. Eco's first well to be drilled with our partners Tullow and Total using the Stena Forth drillship on theJethro-Lobe prospect will target this same Tertiary play.\"We look forward to updating themarket with announcements as they arise, especially the selection of the secondtarget and the spudding of o...