The TSX Venture Exchange has accepted for filing documentation relating to a farmout agreement, dated March 5, 2024, between Azinam Ltd., a wholly owned subsidiary of Eco (Atlantic) Oil & Gas Ltd., and TotalEnergies EP South Africa B.V. and QatarEnergy International E&P LLC, whereby the company has farmed out a 13.75-per-cent participating interest in block 3B/4B for an aggregate cash consideration of $11,916,666 (U.S.), payable in stages subject to achieving certain milestones. The company will also receive a full carry of costs attributable to its 6.25-per-cent retained interest in block 3B/4B, up to a cap, repayable to the vendors from production in accordance with terms and conditions set forth in the agreement.

For further details, please refer to the company's news releases dated March 6, 2024, and Aug. 28, 2024.