RE:Keith Hill's Next Job On June 28, 2021 Eco announced that it had acquired a 10% interest in JHI Associates Inc. which provides Eco with immediate exposure to an active drilling programme in the Canje Block offshore Guyana. On the same date, Eco announced that it had completed a private placement to raise approximately CAD $6.1 million from two partners including Africa Oil and this was subsequently approved by the TSX Venture Exchange on July 9, 2021. The Company has subscribed for 5,945,913 new common shares at a price of CAD$0.41 per new common share totaling $2.0 million and was granted the same number of warrants to acquire common shares at the same price over a two-year period. This increased the Company’s interest in Eco from 18.4% to 19.9%. On July 5, 2021 Eco announced that the Jabillo-1 well in the Canje Block reached its planned target depth and was evaluated but did not show evidence of commercial hydrocarbons. This will now be plugged and abandoned.
Keith got the Board Seat at JHI Associates on funding of the $$$ from AOI to Eco for the Buy-In. Maybe they have an officer job for him there to study the seismic & convince Exxon to drop another dime on the Block?