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London and Toronto-listed Eco Atlantic Oil & Gas booked a deeper third-quarter loss, as it continued to develop prospects in Guyana and Namibia.
Net losses for the three months through June amounted to 8.9m Canadian dollars, compared to losses of C$0.9m on-year.
As at 30 June, the company had C$42.2m in cash and cash equivalents.
Eco Atlantic announced a large oil discovery offshore Guyana with partner Tullow Oil earlier this month.
At 2:31pm: (LON:ECO) Eco Atlantic Oil Gas Ltd share price was -1.5p at 147p