SOUTH AFRICA: Eco Atlantic Acquires Additional Interest in Block 3B/4B

Eco (Atlantic) Oil & Gas has signed a farm-out agreement pursuant to which its wholly-owned subsidiary, Azinam Limited, will acquire an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa … Read More

SOUTH AFRICA/NAMIBIA:Eco Atlantic Receives TSXV Approval for the Closing of the Azinam Acquisition

Eco (Atlantic) Oil & Gas has confirmed that it and Azinam Holdings Limited have now received final approval from the TSX Venture Exchange for Eco’s acquisition (through a wholly-owned subsidiary) of Azinam … Read More

Eco Atlantic Provides New Competent Person’s Resource Report on Namibia and South Africa Assets

Eco (Atlantic) Oil & Gas has announced the publication of an updated NI 51-101 compliant Competent Person’s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was … Read More

SOUTH AFRICA: Eco Atlantic Signs Definitive Share Purchase Agreement with Azinam

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 … Read More

Namibia/South Africa: Eco Atlantic Acquires Azinam’s Asset Base

Highlights  ·    Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa ·    Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More

SOUTH AFRICA: Block 11B/12B JV Contemplating Early Production System for a Phased Development of the Paddavissie Fairway

Block 11B/12B joint venture partners are contemplating an early production system (EPS) for a phased development of the Paddavissie Fairway according to Africa Energy. Africa Energy says joint venture is … Read More

Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More