Ann: Completion of PEL 87 3D Seismic Program, page-553

The article is also related to the Walvis Basin, but some great commentary on the majors wanting in on the Orange Basin, as well as what 'technical evaluation' is indicating...

‘At least three’ players talking to Namibia-focused junior about frontier basin entry

"Since Shell and TotalEnergies made their big Graff and Venus discoveries in Namibia’s Orange basin in early 2022, the country has become the go-to destination for majors and independents willing to spend big money to hunt down elephant-sized oil and gas fields. However, many players have been priced out of the prestigious Orange basin — Namibia’s hottest E&P zip code and which also extends into South Africa."

"Speaking to Upstream last week from Israel, his home country, Eco Atlantic chief executive Gil Holzman said: “All the big boys are looking to find a way into the Orange basin and it’s getting crowded. We saw Chevron coming in. We saw Woodside coming in. We hear about Eni looking for acreage. And there are other companies I cannot mention that are looking for a piece of the action in Namibia or South Africa.”

As Holzman recalled, before Venus and Graff, “it was challenging to attract the big boys into an under-explored and unproven basin. Now people are knocking on our doors. We don’t even need to open a farm-out process to engage with companies. They simply look at the map; look at the name of the operator; and call you,” Holzman said. Eco is “engaged in all kinds of discussions” about its Namibian blocks, he said, adding: “At least three companies have already finished their technical evaluation and are very happy with what they see.”