Eco (Atlantic) Oil & Gas Ltd. noted the recent announcement by Tullow Oil (37.5%), in partnership with Repsol (Operator, 37.5%) and Total (25%), regarding the cretaceous age light oil discovery made at the Carapa-1 well on the Kanuku block, directly in board of the Orinduik Block offshore Guyana. Preliminary results of drilling, wireline logging, pressure testing and sampling of reservoir fluid indicated the discovery of oil in Upper Cretaceous age sandstone reservoirs. Testing indicated that the oil is 27 degrees API, with a sulphur content of less than 1%.