Eco files for ECC drilling permit on Namibia block
Source - SMW
Eco (Atlantic) Oil & Gas has received partnership approval to release its public notice for environmental clearance certificate (ECC) for drilling an exploration well within its Osprey lead on its offshore 'Cooper' Block (PEL30) in the Walvis oil basin in Namibia.
Eco said this was a key clearance required ahead of potential drilling on the block and it would publish notice in all the applicable jurisdictions on 3 Nov.
Eco's chief operating officer, Colin Kinley, said: 'We are confident in the detailed and conservative work carried out thus far on the Osprey lead on Cooper by our own team and that of our partners and we continue to advance our learnings in the region through the interpretation of our own four blocks and through our partnership ties to the other block holders in the Walvis Basin.
'Namibia has witnessed a resurgence of interest and activity during 2017 and we see this continuing into 2018 with a number of majors and independent E&P companies undertaking drilling activity in the blocks surrounding Cooper Block, including wells announced by Tullow Oil and Chariot Oil & Gas in the offsetting blocks to Eco's acreage.'
At 8:00am: (LON:ECO) Eco Atlantic Oil Gas Ltd Com Shs Npv Di share price was 0p at 22.38p