Namibia Farm-in?, page-10

ECO Atlantic 20% owned by Africa Oil Corp(Lundin) back in November applied for clearance ahead of drilling PEL30(very close to our PEL29)

The clearance must be due anytime now and unless they hire another rig, will form an orderly queue behind Tullow and Char for the Poseidon. Although Char have not committed to the Poseidon as yet, Eco might skip ahead of Char.

Tullow also involved in this play as well

Three separate plays all with potential of multi well options

Let the de-risking begin ;-)

“Namibia has witnessed a resurgence of interest and activity during 2017, and we see this continuing into 2018 with a number of majors and independent E&P companies undertaking drilling activity in the blocks surrounding Cooper Block, including wells announced by Tullow Oil and Chariot Oil & Gas in the offsetting blocks to Eco’s acreage.”

Eco Atlantic is the operator of the Cooper block and holds a 32.5% interest. Its partners are National Petroleum Corporation of Namibia with 10%, AziNam with 32.5%, and Tullow Oil with the remaining 25%. Tullow Oil has the option to increase its stake by 15% in exchange for a capped well carry.

https://www.offshoreenergytoday.com/?p=255552