Eco continues acquisition spree with South Africa deal
Eco Atlantic Oil & Gas has struck a deal to buy another 6.25% stake in a South African block, while also raising $12.3 million.
Eco Atlantic Oil & Gas has struck a deal to buy another 6.25% stake in a South African block, while also raising $12.3 million.
Eco Atlantic Oil & Gas has completed its acquisition of Azinam Group, setting the stage for drilling offshore South Africa late this year.
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
Africa Energy is seeking a rig to drill the Gazania-1 well, offshore South Africa in the third quarter of the year.
Azinam South Africa has completed its purchase of a 50% stake in South Africa’s Block 2B, expecting to drill a well this year.
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Chariot Oil and Gas has booked the Ocean Rig Poseidon to drill one firm and one optional well off Namibia.