Eco Atlantic Oil & Gas (TSE:EOG) has released an update.
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Eco Atlantic Oil & Gas Ltd. has announced its acquisition of a 75% working interest in the expansive Block 1 offshore region in the Orange Basin at the South Africa-Namibia border, becoming the Operator. The company plans to advance exploration without additional seismic data acquisition or drilling for the next three years. Additionally, Eco Atlantic has decided to relinquish its 50% operated interest in the non-core Block 2B offshore South Africa.
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