Stocks in play: Eco (Atlantic) Oil & Gas Ltd.
Announced that drilling of the Joe prospect has commenced offshore Guyana, the Company's second exploration well on the Orinduik Block. Joe-1 was spud August 25 using the Stena Forth drillship, which previously drilled the recently announced Jethro discovery. Eco and its partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest and Total E&P Guyana B.V. (25% WI), estimate the well will take approximately three weeks to drill. Eco (Atlantic) Oil & Gas Ltd. shares V.EOG are trading down $0.11 at $2.54.