RE: Life in the Old Dog?24 Apr 2025 18:40
Unbelievable how close that huge oil find is to us
Block 1
· Eco announced the acquisition of Block 1, Offshore South Africa Orange Basin, in June 2024. Through its 100% owned subsidiary Azinam South Africa Limited ("Azinam South Africa"), the Company will farm-in and acquire a 75% Working Interest from OrangeBasin Oil and Gas (Proprietary) Limited and will become Operator of a new Exploration Right (the "Block 1 Acquisition"). Further updates on the plans for the licenses will be made once the final requisite government approvals have been received.
This couldn’t drop at a better time