Namibia has approved Eco Atlantic’s sale of an 85% stake in offshore exploration license PEL 98 to locally owned Lambda Energy. The transaction is part of Eco Atlantic’s strategy to focus on deeper-water assets with greater exploration potential. The approval reflects faster regulatory processing as Namibia seeks to support investment in its fast-growing offshore oil […]
Eco Atlantic Oil & Gas has received ministerial approval from Namibia’s Ministry of Industries, Mines and Energy for the farm-out of its 85% participating interest in offshore Petroleum Exploration Licence (PEL) 98 to Namibian-owned Lamda Energy, clearing the final government approval required for the transaction. The approval satisfies Section 11 requirements under Namibia’s Petroleum (Exploration and Production) Act. […]
Eco Atlantic said it has secured final court approval for its proposed acquisition of JHI Associates Inc., advancing the company’s planned expansion into offshore Falkland Islands acreage and additional Guyana exposure.
Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies including Prime Oil & Gas Cooperatief U.A. (“Prime”), Africa Energy Corp., Eco (Atlantic) Oil & Gas Ltd. and Impact Oil and Gas Ltd.
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, has announced completion of a farm down of a 13.75% participating interest in Block 3B/4B offshore the Republic of South Africa and transfer of operatorship of the Block after receipt of the requisite regulatory approvals from the government of South Africa. Eco now holds a 6.25% interest in Block 3B/4B.
Eco (Atlantic) Oil & Gas has completed a farm down of a 13.75% participating interest in Block 3B/4B offshore South Africa to TotalEnergies and QatarEnergy.
Canada-based oil and gas exploration company Eco Atlantic Oil and Gas (Eco) has signed a share cancellation deal with Africa Oil SA Corporation (AOSAC).
Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) has struck a farm-in deal to acquire a stake in Block 1, in the Orange basin offshore South Africa.