RE: Namibia13 Apr 2026 07:58
Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented:
"This successful farm down of our Namibian Walvis Basin Licenses marks an incredible moment for Namibia, for Eco Atlantic and its shareholders. This transaction is a clear demonstration of our strategy partnering with Supermajors and IOC's, to derisk our portfolio while retaining material exposure to significant upside potential with very limited financial requirements from Eco. Eco entered Namibia in 2011, with a firm belief of the Walvis basin subsurface potential, and we are proud to attract an IOC of BP's calibre to further explore this prospective basin. We look forward to continuing our excellent working relationship with BP's dynamic and experienced team and welcome them to the Land of the Brave."
The Walvis Basin is hotting up nicely and interest is very strong.
What great assets we hold and with such a small market cap.
Enormous potential for brave investors.