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

[pro_s2009]

Meanwhile in Namibia.....

https://www.upstreamonline.com/exploration/shell-within-weeks-of-starting-critical-namibia-drilling-campaign/2-1-1339252

Shell within weeks of starting critical Namibia drilling campaign

Supermajor could drill up to three exploration and appraisal wells on and around its major Graff discovery

21 October 2022 11:04 GMT Updated 21 October 2022 13:59 GMT
By Iain Esau in Cape Town

Shell is within a few weeks of firing up what will be a closely watched drilling campaign offshore Namibia in the same block that hosts its large Graff oil discovery.

The supermajor hit oil with its deep-water Graff-1 probe in the Orange basin earlier this year and immediately drilled a follow-up well called La Rona.

While Shell unveiled the results of Graff-1, it has said nothing public on the outcome of its La Rona-1 well, with officials even declining to clarify whether it was an appraisal or an exploration well.

This has led to market talk that the discovery — albeit commercial — is significantly smaller than TotalEnergies’ Venus discovery to the west, with the supermajor needing to drill more wells to gain a better understanding of development parameters.

Multiple sources contacted by Upstream suggested that Graff holds hundreds of millions of barrels of oil, compared with the billions of barrels of oil and trillions of cubic feet of gas held in Venus.

According to Immanuel Mulunga, chief executive of state oil company Namcor, Shell plans to drill up to three wells in Petroleum Exploration Licence (PEL) 90, with the first probe due to spud in December.

Speaking at African Energy Week he .............article continues...........