Eco (Atlantic) Oil & Gas has announced mobilisation of Island Innovator rig to drill the Gazania-1 well on Block 2B, in the Orange Basin, offshore South Africa. The rig is expected to spud by the end of September 2022. The Gazania-1 prospect is targeting a 300 million barrels light oil resource. The Company has also announced the signing of JOA s with NAMCOR with regard to the Company s four operated offshore Petroleum Licence ( PEL ) interests in Namibia.
Rig mobilisation for Gazania-1 in South Africa and Namibia UpdateTORONTO, ON / ACCESSWIRE / August 12, 2022 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX-V:EOG), the oil and gas exploration company focused