Eco context13 Apr 2026 18:21
Eco is maybe a good guide to the discussion earlier on deals.
AI summary of some of their previous deals.
Navitas deal (2023, Guyana – Orinduik)
Eco Atlantic Oil & Gas Ltd gave 80%, kept 20%
Did NOT pay for drilling (carried ~$11m)
👉 Best example of the model
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Total deal (2018, Guyana – Orinduik)
TotalEnergies took 25%
Eco got cash (~$13.5m) but still had to fund drilling
👉 Early-stage deal, less attractive
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Namibia deals (2024–2025, Offshore Namibia)
Partners like BP
Eco kept ~20–25%
Partners fund drilling (carried)
👉 Gold standard setup
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South Africa deals (2021–2024, Offshore South Africa)
Various partners across multiple blocks
Eco keeps minority (~20–25%)
Partners typically fund work
👉 Repeatable portfolio strategy