Eco Atlantic Oil & Gas completes Azinam acquisition

Published by Nicholas Woodroof, Editor
Oilfield Technology, Friday, 11 March 2022 10:30

Eco Atlantic Oil & Gas Ltd. has confirmed that it and Azinam Group Holdings have completed all conditions required to be completed in order to close Eco's acquisition of Azinam save and accept for receipt of the final approval of the TSX Venture Exchange.

Gil Holzman Co-Founder and CEO of Eco Atlantic commented: "We are pleased to have completed this acquisition, subject to final Approval to issue the shares. we now own and operate a number of highly prospective licences in three of the most exciting regions for exploration in the world: Guyana, Namibia and South Africa. We continue to make strong progress towards the upcoming drilling of the Gazania-1 well, offshore South Africa, and following the signing of the rig contract earlier in the month we anticipate drilling to commence in late Q3 2022. We look forward to making further updates on our strategic acreage in due course."

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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/11032022/eco-atlantic-oil-gas-completes-azinam-acquisition/

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