Eco firms up Azinam deal amid Graff fervour
Eco firms up Azinam deal amid Graff fervour
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.
Eco will acquire 100% of Azinam in return for a 16.5% equity stake. The deal should take two to three weeks.
The agreement puts Eco “a step further towards joining all of Azinam’s offshore exploration acreage into our broader portfolio”, said company CEO Gil Holzman.
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