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Eco Atlantic Oil & Gas Ltd - oil and gas exploration of offshore Atlantic Margins - Net loss from continuing operations narrows to $717,399 in the three months that ended June 30 from $2.6 million a year before. Eco Atlantic has no operating revenue, but net operating costs are cut to $350,180 from $1.9 million and share-based compensation to $111,512 from $1.0 million. As of June 30, has $2.4 million in cash, down from $4.1 million on March 31. Highlights two recent acquisitions in Guyana and South Africa as part of its effort ‘to position the portfolio to continue creating high-impact catalysts for investors’.
Current stock price: 15.51 pence, down 4.6% in London on Wednesday
12-month change: down 56%
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