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The latest announcement is out from Eco Atlantic Oil & Gas ( (TSE:EOG) ).
Eco Atlantic Oil & Gas Ltd. has announced strategic developments in its Namibian portfolio, including the farm-out of its 85% interest in PEL 98 to Lamda Energy, a wholly Namibian-owned company, pending government approval. The company has also secured license extensions for PELs 97, 99, and 100, allowing it to focus on deeper water exploration and support local ownership. These changes are expected to enhance Eco’s exploration activities and attract new partners, aligning with its commitment to local participation in Namibia’s oil and gas sector.
More about Eco Atlantic Oil & Gas
Eco Atlantic Oil & Gas Ltd. is a TSX-V and AIM-quoted company focused on oil and gas exploration in the Atlantic Margin. It holds offshore license interests in Guyana, Namibia, and South Africa, aiming to explore low carbon intensity oil and gas in stable emerging markets close to infrastructure.
See more insights into EOG stock on TipRanks’ Stock Analysis page.