Canadian firm’s offshore oil deal approved
CANADIAN oil and gas exploration company Eco Atlantic Oil and Gas has received final government approval to transfer its stake in Namibia’s offshore petroleum exploration licence 98 to Namibia’s Lamda Energy According to a notice on the London Stock Exchange, Lamda Energy will acquire Eco Atlantic’s 85% participating interest in PEL 98, an offshore exploration […] The post Canadian firm’s offshore oil deal approved appeared first on The Namibian .
CANADIAN oil and gas exploration company Eco Atlantic Oil and Gas has received final government approval to transfer its stake in Namibia’s offshore petroleum exploration licence 98 to Namibia’s Lamda Energy
According to a notice on the London Stock Exchange, Lamda Energy will acquire Eco Atlantic’s 85% participating interest in PEL 98, an offshore exploration licence located in Namibia’s Atlantic margin.
The Ministry of Industries, Mines and Energy has granted the approval.
