RE: Latest Namibian Oil deal4 Nov 2024 13:37
Lets not leave out Eco Atlantic and their four Walvis Basin blocks in shallow water off Namibia, PELs 97, 98, 99, 100, some of which are already covered with 3D seismic. They had 85% working interest in each of the four blocks, which made them the second acreage holder in Namibia.
In August this year, TotalEnergies is now the Operator of the Block, holding a 33% Participating Interest; QatarEnergy International E&P LLC, holds a 24%.
ECO's CEO Gol Holzman stated before the above deal was done that "Oil majors were interested in the assets".
Exactly what Omar has been suggesting with the commercial partner. Make no mistake, these big major oil companies have and are courting small companies like ours like nobody's business.
I think Omar has a very big fish on his hook also.