{"id":12072,"date":"2022-03-21T20:54:48","date_gmt":"2022-03-21T20:54:48","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12072"},"modified":"2022-03-21T20:54:48","modified_gmt":"2022-03-21T20:54:48","slug":"eco-atlantic-provides-new-competent-persons-resource-report-on-namibia-and-south-africa-assets","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/eco-atlantic-provides-new-competent-persons-resource-report-on-namibia-and-south-africa-assets\/","title":{"rendered":"Eco Atlantic Provides New Competent Person&#8217;s Resource Report on Namibia and South Africa Assets"},"content":{"rendered":"<p class=\"ek\"><span class=\"el\">Eco (Atlantic) Oil &amp; Gas has<\/span><span class=\"en\"> announced the publication of an updated NI 51-101 compliant Competent Person&#8217;s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was compiled by WSP USA Inc., of Boulder Colorado, USA, an independent third-party auditor and can be found on the Company&#8217;s website.<\/span><span class=\"eo\">\u00a0<\/span><\/p>\n<p class=\"ep\"><span class=\"eq\">The new CPR incorporates the increased interests in its Namibian assets and the additional two blocks offshore\u00a0South Africa\u00a0resulting from the acquisition of\u00a0<\/span><span class=\"er\">Azinam Group Limited <\/span><span class=\"es\">as announced on 11 March 2022. <\/span><span class=\"dn\">The CPR has been prepared on the basis that the acquisition of Azinam has completed.<\/span><\/p>\n<p class=\"ep\"><span class=\"et\">Summary of Unrisked Prospective Resource Estimates<\/span><\/p>\n<p class=\"ep\"><span class=\"eq\">\u00a0<\/span><\/p>\n<table class=\"eu\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr class=\"dd\">\n<td class=\"di\" valign=\"bottom\"><\/td>\n<td class=\"dh\" valign=\"bottom\"><\/td>\n<td class=\"df\" colspan=\"3\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Gross<\/span><\/p>\n<\/td>\n<td class=\"df\" colspan=\"3\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Net attributable to Eco&#8217;s Interest<\/span><\/p>\n<\/td>\n<td class=\"de\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"cy\">\n<td class=\"dc\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Asset<\/span><\/p>\n<\/td>\n<td class=\"db\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Country<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Low Estimate<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Best Estimate<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">High Estimate<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Low Estimate<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Best Estimate<\/span><\/p>\n<\/td>\n<td class=\"da\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">High Estimate<\/span><\/p>\n<\/td>\n<td class=\"cz\" valign=\"bottom\">\n<p class=\"ew\"><span class=\"dr\">Operator<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cw\" colspan=\"5\" valign=\"bottom\">\n<p class=\"ex\"><span class=\"dr\">Oil &amp; liquids Prospective Resources (millions of barrels)<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ez\"><span class=\"dr\">Lower Risk<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Orinduik<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Guyana<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">2,315<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,537<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">8,179<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">347<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">681<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,227<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">Tullow<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Cooper<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">151<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">245<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">398<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">128<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">209<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">339<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">2B<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">South Africa<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">209<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">491<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">984<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">104<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">246<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">492<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">3B\/4B<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">South Africa<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">973<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">3,088<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">7,138<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">195<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">618<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,428<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">Africa Oil<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ez\"><span class=\"dr\">Higher Risk<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">&#8211;<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Cooper<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">283<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">507<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">843<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">241<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">431<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">717<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Guy<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,671<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,924<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">10,937<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,421<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,185<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">9,297<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Sharon<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">702<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">2,212<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">5,518<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">597<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,880<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,691<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cp\" colspan=\"2\" valign=\"bottom\">\n<p class=\"ex\"><span class=\"dr\">Total for Oil &amp; Liquids<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">6,304<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">16,004<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">33,998<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">3,033<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">8,249<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">18,189<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cw\" colspan=\"5\" valign=\"bottom\">\n<p class=\"ex\"><span class=\"dr\">Gas Prospective Resources (billions of standard cubic feet)<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ez\"><span class=\"dr\">Lower Risk<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Orinduik<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Guyana<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,798<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">3,626<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">6,811<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">270<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">544<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,022<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">Tullow<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Cooper<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">141<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">240<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">407<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">120<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">204<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">346<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">2B<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">South Africa<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">31<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">73<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">149<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">15<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">37<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">74<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">3B\/4B<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">South Africa<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">426<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,360<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">3,136<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">85<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">272<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">627<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">Africa Oil<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ez\"><span class=\"dr\">Higher Risk<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"cv\" valign=\"bottom\"><\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Cooper<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">264<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">496<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">868<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">224<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">422<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">738<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Guy<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,625<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,812<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">10,869<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,381<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,090<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">9,239<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cr\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Sharon<\/span><\/p>\n<\/td>\n<td class=\"dh\" valign=\"bottom\">\n<p class=\"ev\"><span class=\"dr\">Namibia<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">668<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">2,176<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">5,466<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">568<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">1,849<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fa\"><span class=\"dr\">4,646<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\">\n<p class=\"ey\"><span class=\"dr\">ECO<\/span><\/p>\n<\/td>\n<\/tr>\n<tr class=\"dd\">\n<td class=\"cp\" colspan=\"2\" valign=\"bottom\">\n<p class=\"ex\"><span class=\"dr\">Total for Gas<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">4,952<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">12,782<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">27,706<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">2,663<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">7,417<\/span><\/p>\n<\/td>\n<td class=\"cv\" valign=\"bottom\">\n<p class=\"fb\"><span class=\"dr\">16,692<\/span><\/p>\n<\/td>\n<td class=\"ct\" valign=\"bottom\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"fc\"><span class=\"fd\">Source:\u00a0Letha C. Lencioni,\u00a0WSP USA Inc<\/span><\/p>\n<p class=\"fe\"><span class=\"ck\">Gustavson Associates LLC, who completed the last CPR in\u00a0January 2020, is now a part of\u00a0WSP USA.<\/span><\/p>\n<p class=\"ek\"><span class=\"fg\">Report Highlights &#8211; Attributable Best Estimate, Prospective Resources<\/span><\/p>\n<p class=\"fh\"><span class=\"fi\">\u00b7\u00a0\u00a0\u00a0<\/span><span class=\"fg\">South Africa<\/span><span class=\"fj\">\u00a0(Blocks 2B &amp; 3B\/4B) &#8211; Net to Eco 864 mmbbls Oil and 309\u00a0BCF Gas<\/span><\/p>\n<p class=\"fh\"><span class=\"fi\">\u00b7\u00a0\u00a0\u00a0<\/span><span class=\"fg\">Namibia\u00a0<\/span><span class=\"fj\">(4 Blocks) &#8211; Net to Eco 6,705 mmbbls Oil and 6,565 BCF Gas\u00a0<\/span><span class=\"fg\">\u00a0<\/span><\/p>\n<p class=\"fk\"><span class=\"cf\">Colin Kinley, Co-Founder and COO of\u00a0Eco Atlantic\u00a0commented:<\/span><span class=\"fl\">\u00a0<\/span><\/p>\n<p class=\"ek\"><span class=\"fl\">&#8220;With our current strategy for increasing our stakeholder asset base, we have focused solely on strategic acquisitions that can add material and near-term growth and catalysts for the company. The addition of the Azinam assets in\u00a0Namibia\u00a0and\u00a0South Africa\u00a0have quickly added prospective resources to our portfolio. As we work towards the completion of our recently announced binding term sheet to acquire JHI&#8217;s 17.5% interest in the Canje Block offshore\u00a0Guyana\u00a0plus the maturation of additional resources currently being interpreted from ongoing 3D processing in Block 3B\/4B we expect to see even further growth of the portfolio from here in the coming months&#8221;.<\/span><\/p>\n<p class=\"ek\">\n","protected":false},"excerpt":{"rendered":"<p>Eco (Atlantic) Oil &amp; Gas has announced the publication of an updated NI 51-101 compliant Competent Person&#8217;s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/eco-atlantic-provides-new-competent-persons-resource-report-on-namibia-and-south-africa-assets\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":11553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[8285,274,9998,10350,8287,1675,2371,10349],"class_list":["post-12072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-azinam","tag-block-2b","tag-block-3b-4b","tag-cpr","tag-eco-atlantic","tag-namibia","tag-south-africa","tag-wsp-usa-inc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-38I","jetpack-related-posts":[{"id":12015,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-completes-acquisition-of-azinam\/","url_meta":{"origin":12072,"position":0},"title":"SOUTH AFRICA: Eco Atlantic Completes Acquisition of Azinam","author":"","date":"March 11, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas Ltd. has confirmed that it and Azinam Group Holdings (Azinam) have completed all conditions required to be completed in order to close Eco's acquisition of Azinam save and accept for receipt of the final approval of the TSX Venture Exchange. As disclosed in the Company's\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11552,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-south-africa-eco-atlantic-acquires-azinams-asset-base\/","url_meta":{"origin":12072,"position":1},"title":"Namibia\/South Africa: Eco Atlantic Acquires Azinam&#8217;s Asset Base","author":"","date":"January 10, 2022","format":false,"excerpt":"Highlights\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Acquisition of a material offshore petroleum exploration asset base in\u00a0Namibia\u00a0and\u00a0South Africa \u00b7\u00a0\u00a0\u00a0\u00a0Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the enlarged Group \u00b7\u00a0\u00a0\u00a0\u00a0The Vendor will also be issued warrants in the Company, exercisable only upon a\u00a0producible commercial discovery \u00b7\u00a0\u00a0\u00a0\u00a0The transaction\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11787,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-signs-definitive-share-purchase-agreement-with-azinam\/","url_meta":{"origin":12072,"position":2},"title":"SOUTH AFRICA: Eco Atlantic Signs Definitive Share Purchase Agreement with Azinam","author":"","date":"February 8, 2022","format":false,"excerpt":"Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. has confirmed that it has signed a definitive Share Purchase Agreement (SPA) to acquire 100% of Azinam Group Limited in return for a 16.5% equity stake in the Company.\u00a0 The Acquisition is expected to complete in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Africa-Oil-S.A-Portfolio.jpg?fit=400%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14451,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-namibia-eco-atlantic-reports-transaction-with-africa-oil-corp\/","url_meta":{"origin":12072,"position":3},"title":"SOUTH AFRICA\/ NAMIBIA: Eco Atlantic Reports Transaction with Africa Oil Corp","author":"","date":"July 30, 2024","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has announced\u00a0it has signed an Assignment and Share Cancellation Agreement with\u00a0Azinam Limited,\u00a0Eco's wholly owned subsidiary, Africa Oil Corp. pursuant to which Azinam has agreed to sell and assign a 1% Participating Interest in Block 3B\/4B offshore the\u00a0Republic of South Africa,\u00a0including the associated Exploration Right and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Africa-Oil-Assets.png?fit=460%2C521&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12100,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eco-atlantic-receives-tsxv-approval-for-the-closing-of-the-azinam-acquisition\/","url_meta":{"origin":12072,"position":4},"title":"SOUTH AFRICA\/NAMIBIA:Eco Atlantic Receives TSXV Approval for the Closing of the Azinam Acquisition","author":"","date":"March 28, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has confirmed that it and Azinam Holdings Limited have now received final approval from the TSX Venture Exchange for\u00a0Eco's acquisition (through a wholly-owned subsidiary)\u00a0of Azinam Group Limited, and accordingly Eco is now the sole owner of Azinam and will now issue 22,296,300 new Common Shares\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12376,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-acquires-additional-interest-in-block-3b-4b\/","url_meta":{"origin":12072,"position":5},"title":"SOUTH AFRICA: Eco Atlantic Acquires Additional Interest in Block 3B\/4B","author":"","date":"June 27, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has signed a farm-out agreement pursuant to which its wholly-owned subsidiary, Azinam Limited,\u00a0will acquire an additional 6.25% Participating Interest in Block 3B\/4B, offshore South Africa from the Lunn Family Trust, one of the shareholders of Ricocure (Proprietary) Limited, subject to the satisfaction of customary conditions\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/Africa-Oil-S.A-Portfolio.jpg?fit=400%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=12072"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12072\/revisions"}],"predecessor-version":[{"id":12073,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12072\/revisions\/12073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/11553"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=12072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=12072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=12072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}