22nd Jan 2024 16:53
Eco (Atlantic) Oil and Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic margins in South Africa, Namibia, and Guyana - Announces that its wholly owned subsidiary, Azinam Ltd, has received final government approval to farm out its 6.25% participating interest in Block 3B/4B to Africa Oil Corp. Further, gives notice to the Minister of Natural Resources of Guyana to enter the second phase of the second renewal period of the Orinduik License effective as of January 14. Second phase has a commitment to drill one exploration well to the cretaceous formation during the remainder of the license period which ends on January 13, 2026.
Current stock price: 10.00 pence, down 9.1% in London on Monday
12-month change: down 55%
By Jeremy Cutler, Alliance News reporter
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