April 1 (Reuters) - Eco Atlantic Oil & Gas Ltd EOG.V :
* MARKET UPDATE
* UNDERTAKEN COST CUTTING PROGRAMME ACROSS ALL ASPECTS OF BUSINESS, ASIDE FROM NECESSARY MAINTENANCE OF CERTAIN OPERATIONS
* COST CUTTING INCLUDES TERMINATION OF NON-CORE SERVICES AND CESSATION OF BUSINESS RELATED TRAVEL
* CONTINUES TO MONITOR ITS OPERATING BUDGET FOR 2020 AND TO WORK CLOSELY WITH ITS PARTNERS TO DISCUSS AND PLAN NEXT STEPS.
* BOARD AND MANAGEMENT ARE VOLUNTARILY TAKING PAY CUTS OF UP TO 40% STARTING IN APRIL 2020
* ONLY MINIMAL COSTS ARE EXPECTED TO BE INCURRED OVER REMAINDER OF YEAR