Africa's Oil, Gas and Energy News.
Eco (Atlantic) Oil & Gas has confirmed that it and Azinam Holdings Limited have now received final approval from the TSX Venture Exchange for Eco’s acquisition (through a wholly-owned subsidiary) of Azinam … Read More
Eco (Atlantic) Oil & Gas has announced the publication of an updated NI 51-101 compliant Competent Person’s Report on its assets Offshore Namibia and Offshore South Africa. The CPR was … Read More
Eco (Atlantic) Oil & Gas Ltd. has confirmed that it and Azinam Group Holdings (Azinam) have completed all conditions required to be completed in order to close Eco’s acquisition of … Read More
Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in … Read More
Korhaan-3: The TD of the Production Section was called at 449m after encountering tight formations. Gas was detected early at around 177m but showed strongly from 265m downwards, going off the scale of … Read More
Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More
Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More
Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. has confirmed that it has signed a definitive Share Purchase Agreement (SPA) to acquire 100% of … Read More
HIGHLIGHTS • Kinetiko’s third aeromagnetic survey was successfully completed in December 2021 and interpretation results now completed. • Three survey areas were included in airborne program over ER 270 and … Read More
HIGHLIGHTS Korhaan-5 drilling reached TD (Terminal Depth) at 432m. Korhaan-5 gas was sensed throughout the drilling of the Production Section and will now be logged to establish stratigraphy and gas bearing sediments. … Read More
