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

[pro_s2009]

As has been said, Supermajors want in, and ECO is prime position Orange Basin, Namibia and South Africa and also Guyana. Big things are going to be happening soon for ECO.

https://www.upstreamonline.com/exploration/supermajors-eye-prime-orange-basin-block/2-1-1284744

Supermajors eye prime Orange basin block

Farm-out talks underway on South Africa licence ahead of 2023 exploration drilling

25 August 2022 12:57 GMT Updated 25 August 2022 13:25 GMT
By Iain Esau in London

The biggest stakeholder in a highly prospective Orange basin exploration block in South African waters is in farm-out talks with supermajors.

Ever since TotalEnergies and Shell made their huge play opening Venus and Graff oil and gas discoveries offshore Namibia earlier this year, the Orange basin has become the world’s hottest new exploration play and is firmly in the sights of the big international oil companies.

One of the most attractive tracts in the basin is deep-water Block 3B/4B where Africa Oil and its partners, Eco Atlantic and Ricocure, aim to start an exploration campaign in 2023.

Canada-headquartered Africa Oil and Eco Atlantic each have 20% stakes in the block, while Ricoc...................................