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Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Farms-In to JHI's North Falklands Licence
Navitas to Farm-In to JHI's North Falklands Basin Licence TORONTO, ON / ACCESS Newswire / January 12, 2026 /Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG) (Toronto, Canada), the oil and gas exploration company focused on the offshore Atlantic ...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Navitas to Farm-In to JHI's North Falklands Basin Licence","length":61,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / January 12, 2026 / 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.","length":656,"tagName":"p"},{"type":"text","content":"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.","length":276,"tagName":"p"},{"type":"text","content":"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."","length":425,"tagName":"p"},{"type":"text","content":"Link to Navitas announcement: https://maya.tase.co.il/en/reports/1716562","length":72,"tagName":"p"},{"type":"text","content":"ENDS","length":4,"tagName":"p"},{"type":"text","content":"For more information, please visit www.ecooilandgas.com or contact the following.","length":81,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border:1.0pt solid windowtext;height:17.55pt;padding:0cm 5.4pt;vertical-align:top;width:288.75pt;","val":[{"type":"text","content":"Eco Atlantic Oil and Gas","length":24,"tagName":"p","attribs":{}}]},{"style":"border-bottom-style:solid;border-color:windowtext;border-left-style:none;border-right-style:solid;border-top-style:solid;border-width:1.0pt;height:17.55pt;padding:0c...