Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Update on PL001 & Block 1 CBK

$EOGPress releaseAug 25, 2026, 2:10 AM ETRead the release

Strategic partner Navitas Petroleum intends to drill a multi-target exploration well on Eco's PL001 licence in the North Falkland Basin in early 2027, with the first target holding an estimated 640 MMbbl of prospective resource. Pending completion of Eco's acquisition of JHI Associates, Eco's share of the PL001 prospective resource is estimated at approximately 225 MMbbl in a success case, with potential tie-back to the Sea Lion platform.

Key figures

Block 1 cbk gas resources: ~4.5 TCF
Block 1 cbk oil resources: >3,600 MMbbl
Pl001 prospective resource: 640 MMbbl
Pl001 eco share prospective resource: ~225 MMbbl

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