Eco Atlantic has entered into a strategic offshore exploration partnership agreement with Navitas Petroleum, granting the Israeli company exclusive options to acquire significant stakes in exploration blocks offshore Guyana and South Africa. As per the agreement terms, Navitas will make a payment of $2m to Eco Atlantic to secure farm-in options for the Orinduik block offshore Guyana and Block 1 CBK in South Africa’s Orange basin. In Guyana, Navitas can exercise an option to take an 80% operating stake in ...