REG - Eco (Atlantic) O&G - Navitas Farms-In to JHI's North Falklands Licence

Eco (Atlantic) Oil & GasAnnouncement

12/01/2026 08:00

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RNS Number : 4914O  Eco (Atlantic) Oil and Gas Ltd.  12 January 2026

 

 

12 January 2026

 

 

ECO (ATLANTIC) OIL & GAS LTD.

("Eco" "Eco Atlantic" or the "Company")

 

 

Navitas to Farm-In to JHI's North Falklands Basin Licence

 

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG) (Toronto,
Canada), the oil and gas exploration company focused on the offshore Atlantic
Margins, is pleased to announce that Navitas Petroleum LP ("Navitas"), with
whom Eco signed a Framework Agreement related to several assets, has signed a
non-binding Memorandum of Agreement with JHI Associates Inc ("JHI"), in which
Eco currently has a 6.6% interest, for a farm-in to acquire a 65% Working
Interest in the PL001 North Falklands Basin Licence ("PL001").  PL001 is
adjacent to the Navitas operated Sea Lion Development.

 

PL001 covers 1,126km2 in circa 500m water depth and contains significant
exploration potential, with JHI's Best Estimate of 3.1 billion barrels across
multiple prospects and leads, including multiple Lower Cretaceous prospects
analogous to the neighbouring Sea Lion field.

 

Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented:
 

"We are encouraged to see a further strengthening of our relationship with
Navitas, this time through our holding in JHI.  As part of our Strategic
Partnership with Navitas, technical and commercial discussions in relation to
our projects in both Guyana and South Africa are continuing and we look
forward to keeping the market updated."

 

Link to Navitas announcement: https://maya.tase.co.il/he/reports/1716562
(https://maya.tase.co.il/he/reports/1716562)

 

 

ENDS

 

For more information, please visit www.ecooilandgas.com or contact the
following.

 

 

 Eco Atlantic Oil and Gas                               c/o Celicourt +44 (0) 20 7770 6424
 Gil Holzman, President & Chief Executive Officer

 Alice Carroll, Vice President Business Development
 Strand Hanson (Financial & Nominated Adviser)           +44 (0) 20 7409 3494
 James Harris, James Bellman
 Canaccord Genuity (Broker)                             +44 (0) 20 7523 8315
 Henry Fitzgerald-O'Connor
 Berenberg (Broker)                                     +44 (0) 20 3207 7800
 Matthew Armitt
 Celicourt (PR)                                         +44 (0) 20 7770 6424
 Mark Antelme, Charles Denley-Myerson

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

 

 

 

 

 

 

About Eco Atlantic:

 

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil and gas
exploration company with offshore license interests in Guyana, Namibia, and
South Africa. Eco aims to deliver material value for its stakeholders through
its role in the energy transition to explore for low carbon intensity oil and
gas in stable emerging markets close to infrastructure.

 

In Offshore Guyana, in the proven Guyana-Suriname Basin, the Company operates
a 100% Working Interest in the 1,354 km2 Orinduik Block. In Namibia, the
Company holds Operatorship and an 85% Working Interest in three offshore
Petroleum Licences: PELs: 97, 99, and 100, representing a combined area of
22,893 km2 in the Walvis Basin. In Offshore South Africa, Eco holds a 5.25%
Working Interest in Block 3B/4B and a 75% Operated Interest in Block 1 CBK, in
the Orange Basin, totalling approximately 37,510km2.

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