South Africa/Namibia: Eco (Atlantic) announces strategic acq

South Africa/Namibia: Eco (Atlantic) announces strategic acquisition offshore South Africa and Namibia

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.

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