What Azimuth Knew? Given that Azimuth has access to the "world’s largest multiclient seismic library, to leading edge geophysical expertise and to 85 subsurface specialists distributed in around the world", it really is significant that they choose to partner with EOG given the access to data they had before hand.
https://www.gulfoilandgas.com/webpro1/MAIN/Mainnews.asp?id=17929
Aaron D’Este, Managing Director of Azimuth, commented, “We are delighted to enter into partnership with Eco Atlantic. Namibia is an exciting and promising petroleum province and Eco Atlantic’s portfolio of offshore acreage spans three distinct environments, each with excellent prospectivity.
"we look forward to working with the Eco Atlantic team to rapidly develop a suite of robust drilling targets underpinned by 3D seismic"
Remember, Azimuth is paying 40% of 3D costs, etc. Given all the resources available to Azimuth, the fact that they farmed into EOG blocks and took an equity position in EOG shows great confidence in the potential they see for EOG blocks. EOG truely has some of the better blocks offshore Namibia and going back to this recent article where the writer says "Namibia may become West Africa’s most prolific oil producer" plus "For investors seeking exposure to Western African oil without the high risk of social unrest and political violence, I recommend getting exposure to the following countries: Ghana and Namibia."
https://seekingalpha.com/article/446261-the-commodity-investor-ghana-namibia-offer-easier-access-to-west-africa-s-oil-industry
You definitely want to hang unto your shares for the long run here.