Eco (Atlantic) Oil and Gas Ltd. (ECAOF)

[pro_s2009]

Interesting article. I am hoping ECO will soon pull off a deal where they get free carried for 2 exploration wells Namibia/South Africa.

https://www.reuters.com/business/energy/ukraine-war-rekindles-europes-demand-african-oil-gas-2022-07-22/

Analysis: Ukraine war rekindles Europe's demand for African oil and gas

July 22, 20224:09 PM GMT+7

Potential for African projects costing up to $100 bln
Namibia oil discoveries could generate 500,000 bpd
Oil majors' steps dovetail with push by European governments
Africa sees golden chance to tap assets amid energy transition

BRUSSELS/LONDON/CAPE TOWN, July 22 (Reuters) - Europe's thirst for oil and gas to replace sanctioned Russian supply is reviving interest in African energy projects that were shunned due to costs and climate change concerns, industry executives and African officials said.

Energy firms are considering projects worth a total of $100 billion on the continent, according to Reuters calculations based on public and private company estimates.

African countries that currently have little or no oil and gas output could see billions in energy investments in the coming years, including Namibia, South Africa, Uganda, Kenya, Mozambique and Tanz..............................