Taking Stock 

Supply crunch to reignite interest in oil juniors?

Mark Robinson

Supply crunch to reignite interest in oil juniors?

There was a positive update this week from the curiously named Eco (Atlantic) Oil & Gas (ECO), an Aim-traded explorer with interests in offshore Guyana. The Stena Forth drillship is now sailing from Ghana towards Guyana to spud the company’s first well on 26 June. Nothing too exciting there, until you notice that Eco’s Orinduik prospect, in which it holds a 15 per cent working interest, is adjacent to ExxonMobil’s (US:XOM) Stabroek block, which contains an estimated 5.5bn barrels of oil equivalent (boe).

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