LONDON: Eco Atlantic Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), an oil and gas exploration company focused on offshore Atlantic Margins, has announced a Farm-In into Block 1 Offshore South Africa’s Orange Basin. Through its wholly-owned subsidiary, Azinam South Africa Limited, Eco will acquire a 75% Working Interest from Tosaco Energy (Proprietary) Limited. As…
All posts tagged Eco Atlantic
Eco Atlantic signs MoU to acquire Azinam Group with all offshore assets
LONDON, UK: Eco Atlantic Oil & Gas has signed a Memorandum of Understanding (MOU) to acquire 100% of Azinam Group Limited including Azinam’s entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition. Azinam Group is a wholly owned subsidiary of Azinam Holdings Limited (“Vendor”),…
Eco Atlantic and Nepcoe Capital jointly launch Eco Atlantic Renewables
LONDON: Eco (Atlantic) Oil & Gas Ltd. has formed a new company (Eco Atlantic Renewables) with Nepcoe Capital Partners Ltd., a renewable energy developer and investment company, to source, acquire and develop an exclusive pipeline of potential high yield solar projects. Eco (Atlantic) Oil & Gas Ltd. owns 70% of Eco Atlantic Renewables and the…
Eco Atlantic makes a second oil discovery offshore Guyana
TORONTO: Eco (Atlantic) Oil & Gas Ltd. has announced second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of MWD, wireline logging and sampling of the…