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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15671)	6/28/2016 1:24:33 PM
From: Goose94	Read Replies (1) \| Respond to of 203026

Eco (Atlantic) Oil & Gas (EOG-V) article published today in the industry leading publication, "Upstream". ExxonMobil's Liza block is adjacent to Eco Atlantic's Orinduik Block in Guyana. Liza 2 is approximately halfway between Orinduik and Liza 1. ExxonMobil hit hydrocarbons in its first appraisal of the Liza 2 oil find offshore Guyana, according to the country’s natural resources minister. Guyana energy minister Raphael Trotman told the Associated Press that the Liza-2 appraisal well had encountered hydrocarbons and that ExxonMobil was planning the next well in its drilling campaign. Such a result was not unexpected and ExxonMobil indicated it planned to perform a production test on the appraisal well to learn more about the performance of the Liza reservoir following the initial discovery in 2015, which some have said could be upwards of 700 million barrels. The partners located the Liza-2 well on the structure’s flank and planned to sidetrack it back towards the centre of the reservoir for the production test, which has already started. US partner Hess said drillship Stena Carron will then move about 32 kilometres north-west on the Stabroek block, where the partners are targeting “look-alike” structures on prospects tentatively named Skipjack and Payara. ExxonMobil operates Liza on the Stabroek block with a 45% stake with Hess holding 30% and China National Offshore Oil Corporation-owned Nexen on 25%. Source: http://www.upstreamonline.com/live/1436966/liza-appraisal-hits-hydrocarbons Gil Holzman President and Chief Executive Officer gil@ecooilandgas.com Tel: +972.508884529 Alan Friedman Executive Vice President alan@ecooilandgas.com Tel: +1.416.250.1955 181 Bay Street, Suite 320 Brookfield Place, Toronto Ontario, Canada M5J ET3