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flag Eco Oil extends Namibian exploration licenses, partners with local firm for deeper water focus.

flag Eco (Atlantic) Oil and Gas Ltd. has secured license extensions for all four of its petroleum exploration licenses in Namibia, with a one-year extension and potential for up to six more years. flag The company has farmed out its 85% interest in PEL 98 to Lamda Energy, a wholly Namibian-owned firm, pending approval, allowing Eco to focus on deeper water exploration while advancing local ownership. flag Eco received environmental clearance for seismic surveys and is progressing on reprocessing and new 3D seismic work across its Namibian blocks.

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