Farm-Out of PEL 98 to Lamda Energy:As Eco shifts its geological focus to deeper proven plays in Namibia, the Company has approved the Farm-Out of its entire 85% Participating Interest in the shallower PEL 98 Block 2213 to locally owned Lamda Energy. Lamda Energy is a privately owned and operated offshore oil and gas company with an experienced Operating Team. Lamda Energy will become a wholly Namibian-owned qualified offshore Operator upon Ministerial approval. The revised expiry date for the First Renewal Exploration Period is now September 2026. Eco Atlantic's Namibia acreage following approval of PEL 98 farmoutOriginal announcement linkSource: Eco Atlantic