Eco Oil and Gas Ltd. Announces Ministerial Approval for Namibia PEL 98 Farm-Out

Investing News Network· June 29, 2026

Eco Oil and Gas Ltd. has officially received ministerial approval for the farm-out of Petroleum Exploration License (PEL) 98 in Namibia. This regulatory milestone is a critical step for the company as it seeks to progress its exploration strategy in the region's offshore basins. The approval allows Eco to move forward with its partnership arrangements, which are vital for managing risk and capital in high-stakes oil and gas exploration.

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