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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Post by JunTraderon Feb 10, 2022 8:07am
169 Views
Post# 34415678

ECO GAS - INTERNATIONAL OIL COMPANIES EXPLORING NAMIBIA

ECO GAS - INTERNATIONAL OIL COMPANIES EXPLORING NAMIBIA

"Canadian based oil and gas exploration company, Eco Atlantic, has cemented its footprint in Namibia’s upstream market, holding interests in four offshore petroleum licenses that total 28,593km². Of the four licenses, Eco Atlantic operates three. As an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities, Eco Atlantic has been keen on Namibia’s significant hydrocarbon potential, with the company continuing to drive progress year after year. Meanwhile, Eco Atlantic signed a deal for the acquisition of the private exploration company Azinam in February 2022. Following a Memorandum of Understanding between the two companies in January 2022, the acquisition comprises the company’s additional working interests in its current oil blocks where Azinam is a partner. Accordingly, Eco Atlantic is strengthening its presence in new and existing assets in Namibia."

https://energycapitalpower.com/top-international-oil-companies-exploring-namibias-hydrocarbon-basins%EF%BF%BC/
 
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