Brief: Eco (Atlantic) Oil & Gas To Farm Down 60% Interest In Namibian Offshore Licenses To BP
13/04/2026 07:37
April 13 (Reuters) - Eco (Atlantic) Oil & Gas Ltd EOG.V: ECO (ATLANTIC) OIL & GAS LTD - TO FARM DOWN 60% INTEREST IN NAMIBIAN OFFSHORE LICENSES TO BP ECO (ATLANTIC) OIL & GAS LTD - DEAL INCLUDES ONE-TIME CASH CONSIDERATION OF $2.7 MILLION ECO (ATLANTIC) OIL & GAS LTD - HAS OPTION TO TRANSFER ADDITIONAL 10% INTEREST TO BP FOR $21 MILLION CARRY PER WELL ECO (ATLANTIC) OIL & GAS LTD - MAXIMUM AGGREGATE CARRY CONSIDERATION BY BP IS $63 MILLION, CAPPED AT $21 MILLION PER OPTION Source text: ID:nRSM1133Aa Further company coverage: EOG.V ((((Reuters.Briefs@thomsonreuters.com));))