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Eco Atlantic Oil & Gas ( (TSE:EOG) ) has provided an announcement.
Eco Atlantic Oil & Gas Ltd. has entered into a strategic partnership with Navitas Petroleum, involving framework and option agreements for the Orinduik Block offshore Guyana and Block 1 CBK offshore South Africa. This partnership allows Navitas to farm-in to these blocks, potentially acquiring significant working interests and operatorship, while carrying Eco’s share of exploration costs. The collaboration is expected to accelerate Eco’s growth and enhance its exploration capabilities, positioning the company for future development and commercialisation of its assets.
More about Eco Atlantic Oil & Gas
Eco Atlantic Oil & Gas Ltd. is an oil and gas exploration company focused on the offshore Atlantic Margins. The company is engaged in exploring and developing oil and gas assets, with a particular emphasis on regions such as Guyana and South Africa.
See more data about EOG stock on TipRanks’ Stock Analysis page.