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

[pro_s2009]

Will it be Total farming in ? or Chevon farming in ? to Block 3B/4B ?

ECO has offshore Namibia and South Africa - and its the new hot spot............news will happen before too long imo in terms of farms ins.....

For sure...........Many many eyes will be watching the Gazania-1 drill spudding September.........Orange Basin and on trend, does it extend all the way down ? Exciting times.


https://www.upstreamonline.com/exclusive/chevron-set-to-enter-coveted-block-offshore-namibia/2-1-1276469

Chevron set to enter coveted block offshore Namibia

Upstream understands the US supermajor close to farming in to high-potential Orange basin acreage

11 August 2022 11:24 GMT Updated 11 August 2022 12:16 GMT
By Iain Esau in London

US supermajor Chevron is set to take a majority stake in a highly coveted ultra-deepwater block offshore Namibia, just north of TotalEnergies’ huge Venus discovery, according to multiple sources.

Upstream understands that a farm-in deal covering what is probably one of the most sought-after licences in the Orange basin has almost been wrapped up and is due to be announced soon.

If confirmed, the transaction will mark Chevron’s first entry into southern Africa since its aborted foray into South Africa’s nascent onshore shale gas play some years ago.

The California-headquartered player’s current African portfolio is centred on its Angolan assets offshore Cabinda.

Three well-placed sources told Upstream that the upcoming deal covers Block 2813B, directly north of the multi-billion barrel Venus discovery.

This block is operated by Australian junior Harmattan Energy following Tullow Oil’s exit from the acreage just weeks before the results from the Venus-1 wildcat and Shell's Graff-1 probe were unveiled.

Commenting on Chevron’s proposed entry into the asset, one informed source said it is “pretty much a done deal”, adding that the US giant has looked at South African Orange basin acreage in the past “so a deal in Namibia is not surprising".........................