Strategic Acquisition Offshore South Africa and Namibia 2022 Drilling ProgrammeTORONTO, ON / ACCESSWIRE / January 10, 2022 / Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX - V: EOG), the oil and gas exploration
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a Memorandum of Understanding to acquire 100% of Azinam Group, including Azinam s entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged Group on completion of the Acquisition.