Eco (Atlantic) Oil completes farm down in Block 1 CBK
Eco (Atlantic) Oil & Gas Ltd. says it has completed a farm down in Block 1 CBK offshore South Africa to Navitas.
Story updates
06:01:53 AM UTC
SquawkNews
Eco completed farming down 37.5% of Block 1 CBK offshore South Africa and transferred operatorship to Navitas. Eco received $4.0M and a work program carry capped at $7.5M, repayable from future production.Material DetailsContext by AI AnalystThis is a mid-cycle portfolio move advancing Eco’s Atlant…