专注于大西洋近海油气勘探的Eco (Atlantic) Oil & Gas Ltd.欣然宣布，公司已于2026年3月10日与JHI Associates, Inc.（简称“JHI”）签署具有约束力的协议。根据该协议，Eco同意收购JHI已发行及将发行但Eco尚未持有的股份（简称“本次交易”或“本次收购”）。本次收购须满足若干条件，详情如下。

此次里程碑式的收购将完善Eco在纳米比亚和南非现有的大西洋近海油气资产组合，并扩大其在圭亚那近海的业务。此次收购将使Eco与拟定的运营商及战略合作伙伴Navitas Petroleum LP（简称“Navitas”）携手，在全球最具发展潜力的近海油气增长区域之一——北福克兰盆地——占据领先地位。

Eco已同意按每股JHI股份换取0.7054股公司普通股（“普通股”）的换股比例（“换股比例”）收购JHI剩余的所有普通股（“JHI股份”）（“安排协议”）。

交易亮点：

与Navitas实现战略合作，首个资产已确定为合资伙伴关系。

首次进入福克兰群岛市场，计划在PL001许可证区域内与运营商Navitas开展近期勘探工作，待福克兰群岛政府（“FIG”）确认后即可启动。

PL001许可证预计将延长五年，为勘探和开发提供充足的时间。

邻近油田即将投产，Sea Lion油田预计将于2028年实现首次产油。

交易完成后，JHI的现金余额将至少为100万美元。此次交易

将使Eco股东有机会参与新兴的大西洋边缘油气产区内具有高影响力的近期勘探和开发区块，并且，如果Canje许可证获得延期，还将进一步扩大其在圭亚那的业务。

交易概要：

收购完成后（“交割”），Eco将发行至多96,307,811股新普通股，届时JHI的股东将持有Eco已发行股本的至多约21.8%。交割完成后，JHI的现金余额将为100万美元。向JHI股东发行的普通股中，约有45%将在交易完成后受到为期18个月的锁定安排。根据公司普通股在多伦多证券交易所创业板（“TSX-V”）截至2026年3月9日的30天成交量加权平均价格（“VWAP”）0.7362加元计算，本次收购价值约为5230万美元（约合3900万英镑）。根据公司普通股在伦敦证券交易所AIM市场截至2026年3月10日的中间收盘价0.485英镑计算，本次收购价值约为4670万英镑（约合6260万美元）。JHI

的主要资产包括：在福克兰群岛PL001区块35%的作业权益，该区块紧邻正在开发的具有变革意义的海狮油田；以及在近海Canje区块17.5%的作业权益。圭亚那（由埃克森美孚及其合资伙伴道达尔能源和中大西洋油气公司运营）。Canje许可证已于2026年3月4日到期，目前正在与圭亚那政府就延期事宜进行磋商（“Canje延期”）。PL001许可证区域剩余的65%权益将由Navitas持有，前提是其对PL001的收购获得批准，正如FIG于2026年3月2日宣布的那样。

交易完成后，Eco股东将有机会参与大西洋边缘新兴油气产区内高影响力的近期勘探开发区块项目，并若Canje油田延伸项目获批，进一步扩大其在圭亚那的业务。Sea

Lion油田开发项目将由Navitas公司运营，是北福克兰盆地首个大型海上石油开发项目，已于2025年12月获得最终投资决定（FID），预计于2028年实现首油生产。Sea Lion油田的规划基础设施有望释放整个盆地的潜力，而Eco与Navitas的战略合作将使公司处于该地区下一波增长浪潮的核心地位。PL001

许可证的合资伙伴（Navitas，若获得FIG批准，以及JHI）正与FIG合作，将目前将于2026年12月31日到期的许可证延长5年，为钻探勘探井做准备。此次收购的前提条件之一是FIG批准许可证延期。

2026年3月2日，Navitas宣布已与JHI达成协议，收购PL001区块65%的权益。根据该协议，JHI将获得一笔全额融资的融资贷款，用于勘探井和潜在评价井的钻探，净额最高可达1400万美元，Eco将通过本次交易获得该笔贷款的收益。如果PL001区块成功投产，JHI将从其自由现金流的85%中偿还该笔贷款。该融资贷款显著降低了资本风险敞口，同时保留了该区块钻探/勘探计划带来的显著收益。Eco目前预计无需为预期的勘探工作计划（包括井测试）提供进一步的资金支持。

PL001区块位于北福克兰盆地，毗邻Navitas公司运营的Sea Lion油田开发项目，面积1126平方公里，水深400-500米。该区块拥有巨大的石油勘探潜力，Eco公司认为，随着该盆地发展成为产油区，其潜力将得以释放。PL001区块包含两口已探明油气的旧井，以及Rockhopper Exploration plc牵头的Johnson天然气发现项目的一部分。该区块已完成三维地震勘探，在多个油气层位识别出50多个潜在油气藏，其下方是已探明的下白垩统石油系统，拥有世界级的烃源岩。在JHI公司收购PL001区块许可证之前委托进行的最新综合油气资源评估（CPR）估计，该区块拥有总计31亿桶（最佳估计值，未计风险）的潜在可采资源量。 PL001区块包含一个已探明的白垩纪石油系统，毗邻Sea Lion油田，并已对多个类似的勘探前景进行了高等级评估，这些前景有望通过单口勘探井实现多个目标，且在整个区块范围内具有显著的后续勘探前景。PL001

区块紧邻Sea Lion计划中的生产平台，极大地提升了其商业吸引力，为未来的回接和基础设施协同效应提供了可能，加速了潜在的商业化进程，并降低了开发风险。

位于圭亚那近海的Canje区块由埃克森美孚公司与合资伙伴道达尔能源公司和Mid Atlantic O&G公司共同运营，位于Stabroek油气带正北，与埃克森美孚的其他发现属于同一石油系统。该区块拥有多个通过现代三维地震数据识别出的勘探前景，并辅以高质量的AVO（振幅-偏移距）和/或DHI（直接油气指标）指标，凸显了其蕴藏的大量具有巨大潜力的勘探前景。

Eco Atlantic总裁兼首席执行官Gil Holzman评论道：

“此次交易标志着Eco战略发展历程中又一个重要的里程碑，并巩固了我们与一流运营伙伴携手，整合大西洋边缘优质油田区块的严谨策略。通过获得Sea Lion油田附近的重要作业权益，并进一步与Navitas（一家经验丰富、专注于开发的运营商，拥有清晰的首油生产路径）合作，Eco正超越单纯的勘探范畴，在即将进入以开发为主导的新增长阶段的盆地中占据有利地位。

随着Sea Lion油田开发和基础设施建设的推进，以及在充足的资金支持下开展的钻井活动，我们相信Eco目前已做好充分准备，参与该地区的下一阶段增长，同时保持资本纪律并最大化股东价值。

与此同时，Eco和Navitas正继续与圭亚那政府就Orinduik区块的评估和勘探计划进行深入磋商，并推进南非Orange盆地1号CBK区块的先导勘探和前景评估工作，并保持我们在纳米比亚沃尔维斯盆地的三个区块正在进行积极的转让流程。我们将适时向市场通报我们在更广泛的大西洋边缘油气资产组合中的任何进一步进展。

我要感谢我的团队和顾问们的辛勤工作；我们很高兴向市场通报公司通过拟议收购JHI所取得的持续进展。今天的公告建立在我们自2025年12月与Navitas签署框架协议以来所取得的强劲势头之上，并进一步加强了我们在北福克兰盆地大西洋边缘油气战略布局。

交易概述（包括完成条件）

：根据安排协议的条款，交割完成后，Eco Atlantic将向JHI的股东、JHI认股权证持有人和JHI期权持有人（统称“JHI证券持有人”）发行96,307,811股普通股（“对价股份”）。交割完成后，预计JHI证券持有人将持有Eco届时已发行股本的约21.8%。

Eco 应支付的对价仅包括对价股份，不包含现金。根据以公司普通股在多伦多证券交易所创业板（TSX-V）截至2026年3月9日的30天成交量加权平均价格（VWAP）0.7362加元为基准确定的换股比例，对价股份的总价值约为5230万美元（约合3900万英镑）。根据公司普通股在伦敦证券交易所创业板（AIM）截至2026年3月10日的中间收盘价0.485英镑，对价股份的总价值约为4670万英镑（约合6260万美元）。收购完成后，Eco将成为JHI现金余额的唯一所有者，根据本次交易，JHI的现金余额将达到100万美元，以及其在PL001许可证区域35%的作业权益。本次收购拟收购福克兰群岛及坎杰区块17.5%的参与权益，但需与圭亚那政府就潜在的延期事宜进行磋商。除其他条件外，完成收购还需满足以下条件：获得FIG批准PL001区块五年延期许可（“福克兰许可证延期”）。

根据JHI未经审计的财务报表，截至2025年12月31日，JHI的总资产价值为1530万美元，截至2025年12月31日止财政年度的未经审计亏损为280万美元。

除福克兰许可证延期外，预计于2026年第三季度完成的收购还需满足多项交割条件，包括获得多伦多证券交易所创业板的必要批准，以及在未来四周内召开的JHI股东特别会议上获得三分之二的股东投票通过。本次交易不以坎杰区块延期为前提条件。JHI将公司有权指定一名候选人加入Eco董事会（“Eco董事会”），该候选人为现任JHI董事Daniel Guy先生。此项任命须经公司指定顾问完成惯常的尽职调查，并符合AIM公司规则和TSX-V法规的要求。Guy先生预计将于交易完成时加入Eco董事会。交易完成后，Frederick Cedoz先生预计将加入Eco Atlantic团队，担任美洲区副总裁，主要负责福克兰群岛和圭亚那的许可证管理。

弗雷德拥有近30年的全球能源行业经验，涵盖项目融资、地缘政治和上游交易等领域。他曾是JHI Associates的联合创始人兼总裁，领导了多项重大国际交易，包括与埃克森美孚和道达尔能源合作在圭亚那近海的Canje区块，以及将福克兰群岛PL001区块的开采权转让给Navitas。他拥有戴顿大学的文学学士学位和美国天主教大学的法学学位，并获准在哥伦比亚特区执业。

为配合本次安排协议的签署，JHI的所有董事和高管以及部分JHI证券持有人已就本次收购签署了投票支持协议（“支持协议”）和锁定协议（“锁定协议”）。根据支持协议的条款，各签署方（合计持有JHI约38%的投票权，按完全稀释基准计算）同意在交割前不转让任何JHI证券，并在JHI证券持有人大会上投票赞成本次收购。各锁定协议签署方同意不转让或出售在交割时收到的对价股份（少数例外情况除外），该等锁定股份将分批释放，交割时释放10%，交割后三个月释放10%，交割后六个月释放10%，交割后十二个月释放20%，剩余50%将于2027年9月30日或Eco公司或其代表在福克兰群岛开钻首口海上油井之日（以较早者为准）释放。PillarFour

Capital Inc.担任Eco公司本次交易的财务顾问。 PillarFour Capital Inc. 将在交易完成时获得 150,000 美元现金和 725,000 股普通股。

Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce that it signed a binding agreement on 10 March 2026 with JHI Associates, Inc. ("JHI") in which Eco has agreed to acquire the issued and to be issued shares of JHI not already held by Eco (the "Transaction" or the "Acquisition"). The Acquisition is subject to a number of conditions, further details of which are set out below.

This landmark acquisition complements Eco's existing Atlantic Margin portfolio in Namibia and South Africa, whilst adding to its exposure offshore Guyana. The Acquisition positions Eco at the forefront of one of the most compelling offshore growth stories globally, the North Falkland Basin, alongside intended operator and strategic partner Navitas Petroleum LP ("Navitas").

Eco has agreed to acquire all remaining JHI common shares ("JHI Shares") based on an exchange ratio of 0.7054 common shares in the capital of the Company ("Common Shares") for each JHI share (the "Exchange Ratio") (the "Arrangement Agreement").

Transaction Highlights:

Strategic alignment with Navitas, with the first asset confirmed in joint venture partnership.

New country entry into Falkland Islands, with near term exploration work program planned on the PL001 licence with operator Navitas, once confirmed by the Falkland Island Government ("FIG").

Anticipated five-year licence extension of the PL001 licence, providing significant runway for exploration and development.

Imminent adjacent development coming onstream, with first oil from the Sea Lion Field expected in 2028.

Agreed cash balance in JHI of a minimum of US$1.0 million on closing.

Provides Eco Shareholders with exposure to high impact near term exploration and development acreage in an additional emerging Atlantic Margin hydrocarbon province, and subject to a potential extension of the Canje licence, furthers its exposure in Guyana.

Transaction Summary:

On completion of the Acquisition ("Closing"), Eco will issue up to 96,307,811 new Common Shares such that up to approximately 21.8% of Eco's then issued share capital will be held by the shareholders of JHI. Upon Closing, JHI will have a cash balance of US$1.0 million. Approximately 45% of the Common Shares to be issued to JHI shareholders will be subject to lock-up arrangements spanning 18 months following completion. The Acquisition is valued at approximately US$52.3 million (approximately 锟�39.0 million) based on the 30-day volume weighted average price ("VWAP") of the Company's Common Shares on the TSX Venture Exchange ("TSX-V") ending on 9 March 2026 of CAD$0.7362. The Acquisition is valued at approximately 锟�46.7 million (approximately US$62.6 million) based on the mid market closing price of the Company's Common Shares on the AIM market of the London Stock Exchange of 锟�0.485 on 10 March 2026.

JHI's principal assets comprise a 35% working interest in the PL001 licence area in the Falkland Islands, a block directly adjacent to the transformational Sea Lion Field under development, and a 17.5% working interest in the Canje Block offshore Guyana (operated by ExxonMobil and JV partner TotalEnergies and Mid Atlantic O&G). The Canje licence lapsed on 4 March 2026 and is subject to on-going extension discussions with the Government of Guyana ("Canje Extension"). The remaining 65% interest in the PL001 licence area will be held by Navitas, assuming approval of their farm in to PL001, as announced on 2 March 2026, by FIG.

On completion, the Transaction provides Eco shareholders with exposure to high-impact near term exploration and development acreage in an additional Atlantic Margin emerging hydrocarbon province, and assuming the Canje Extension, further its exposure in Guyana.

The Sea Lion development, to be operated by Navitas, represents the first major offshore oil development in the North Falkland basin and achieved Final Investment Decision ("FID") in December 2025, with first oil targeted for 2028. The planned development infrastructure in relation to the Sea Lion development is expected to unlock the broader basin potential, and Eco's strategic alignment with Navitas places the Company at the heart of the next wave of growth in the region.

The PL001 licence Joint Venture partners (Navitas, assuming FIG approval, and JHI) are working together with the FIG to extend the licence, which currently expires on 31 December 2026, for 5-years, in preparation to drill an exploration well. The Acquisition is conditional, inter alia, on the granting of the licence extension by FIG.

On 2 March 2026, Navitas announced that it had agreed with JHI to farm-in for a 65% interest in PL001, pursuant to which JHI received a fully funded carry loan for an exploration well and potential appraisal well up to US$14 million net to JHI, the benefit of which Eco will assume through the Transaction. The loan will be repaid from 85% of JHI's free cash flow from production from the PL001 licence, if production is established. This carry meaningfully reduces capital exposure while retaining material upside to drilling/exploration catalysts planned across the licence. Eco does not currently expect that it will be required to contribute further towards the expected exploration work program, including tests of the well.

PL001 sits in the North Falklands Basin, adjacent to the Navitas-operated Sea Lion Development and covers 1,126 km2 in water depths ranging from 400-500m. The block holds significant oil exploration potential, which Eco believes will now be unlocked with the emergence of the basin as a producing petroleum province. PL001 contains two legacy wells with oil shows, and part of the Rockhopper Exploration plc led Johnson gas discovery, and is fully covered by a 3D seismic survey, on which over 50 leads and prospects have been identified at multiple play levels, underpinned by a proven Lower Cretaceous petroleum system with world-class source rocks. The latest CPR, commissioned prior to JHI's acquisition of the PL001 licence, estimated an aggregate 3.1bn bbls of prospective (best estimate) recoverable resources (unrisked). PL001 licence contains a proven Cretaceous petroleum system adjacent to Sea Lion discovery and several material, analogous prospects have been high-graded with the potential to target multiple objectives with a single exploration well, and significant follow-up prospectivity across the wider block.

The immediate proximity to the Sea Lion planned producing platform materially enhances the commercial attractiveness of PL001, offering potential future tie-back and infrastructure synergies, accelerating potential monetisation pathways and reducing development risk.

The Canje Block offshore Guyana, operated by ExxonMobil with JV partners TotalEnergies and Mid Atlantic O&G, is directly north of the Stabroek trend, within the same petroleum system as other ExxonMobil discoveries. The block hosts multiple prospects identified through modern 3D seismic data, supported by high-quality AVO (Amplitude Versus Offset) and/or DHI (Direct Hydrocarbon Indicator) indicators, highlighting a large inventory of prospects with significant potential.

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

"This Transaction represents a further transformational milestone in Eco's strategic evolution and reinforces our disciplined approach to assembling high-quality Atlantic Margin acreage alongside best-in-class operating partners. By securing a significant working interest adjacent to the Sea Lion Field, and further aligning ourselves with Navitas, a proven, development-focused operator with a clear pathway to first oil, Eco is advancing beyond pure exploration exposure and positioning itself within a basin entering a new phase of development-led growth.

With Sea Lion progressing toward development and infrastructure build-out, and with planned drilling activity supported by a meaningful carry, we believe Eco is now exceptionally well positioned to participate in the next chapter of growth in the region while maintaining capital discipline and maximising shareholder value.

In parallel to this transaction, Eco and Navitas are continuing their advanced discussions with the Government of Guyana regarding the appraisal and exploration program on the Orinduik block, while progressing lead and prospect evaluation on Block 1 CBK in South Africa's Orange basin, and maintaining an active farm-out process on our three Walvis basin blocks in Namibia. We will update the market in due course on any further development across our wider Atlantic margin portfolio.

I want to thank my team and our advisors for their hard work; we are delighted to update the market on the continued progress of the Company through our proposed acquisition of JHI. Today's announcement builds on the strong momentum we have generated since signing our framework agreement with Navitas in December 2025 and further strengthens our strategic Atlantic margin footprint in the North Falkland Basin."

Transaction Overview including conditions to Completion

Under the terms of the Arrangement Agreement, upon Closing, Eco Atlantic will issue 96,307,811 Common Shares (the "Consideration Shares") to JHI's shareholders, JHI warrant holders, and JHI option holders (together "JHI Securityholders"). Following Closing, it is expected that JHI Securityholders will hold approximately 21.8% of then Eco's issued share capital.

The consideration payable by Eco comprises the Consideration Shares only, and no cash. The Consideration Shares have an aggregate value of approximately US$52.3 million (approximately 锟�39.0 million) based on the Exchange Ratio which was fixed by reference to the 30-day VWAP of the Company's Common Shares on the TSX-V ended on 9 March 2026 of CAD$0.7362. The Consideration Shares have an aggregate value of approximately 锟�46.7 million (approximately US$62.6 million) based on the mid market closing price of the Company's Common Shares on the AIM market of the London Stock Exchange of 锟�0.485 on 10 March 2026. The Acquisition, once concluded, will result in Eco becoming the sole owner of JHI's cash balance, which pursuant to the Transaction will amount to US$1.0 million, and its 35% working interest in the PL001 licence area in the Falkland Islands and 17.5% participating interest in the Canje Block, pending potential extension discussions with the Government of Guyana. Completion is subject, among other conditions, to the approval of a five-year licence extension on PL001, from FIG ("Falkland Licence Extension").

The gross asset value of JHI as at 31 December 2025, per the unaudited JHI financial statements, was US$15.3 million, and the unaudited loss for the financial year ended 31 December 2025 was US$2.8 million.

In addition to the Falkland Licence Extension, completion of the Acquisition, which is expected during Q3 2026, is subject to several closing conditions, including receipt of the requisite approvals from the TSX Venture Exchange, and the approval of two thirds of the votes cast by JHI Shareholders at a special meeting to be held to approve the Acquisition within the next four weeks. The Transaction is not conditional on the Canje Extension. JHI shall be entitled to designate one nominee to the board of directors of Eco (the "Eco Board"), being Mr Daniel Guy, currently a director in JHI, such appointment being subject to completion of customary due diligence by the Company's Nominated Adviser and as required pursuant to the AIM Rules for Companies and the TSX-V regulations. Mr Guy's appointment to the Eco Board is expected to be made on Closing. On Closing it is expected that Mr. Frederick Cedoz will join the Eco Atlantic team as Vice President, Americas with a specific focus on the Falkland Islands and Guyana licences' management.

Fred brings nearly 30 years of global energy experience spanning project financing, geopolitics, and upstream deal-making. He was co-founder and president of JHI Associates, where he led major international transactions including the Canje Block partnership offshore Guyana with ExxonMobil and TotalEnergies, and the farm-out of the PL001 licence in the Falkland Islands to Navitas. He holds a B.A. from University of Dayton and a law degree from The Catholic University of America, and is admitted to practice law in the District of Columbia.

In connection with entering into the Arrangement Agreement, all the directors and officers of JHI and certain JHI Securityholders have entered into voting support agreements (the "Support Agreements") in respect of the Acquisition and lock-up agreements (the "Lock-Up Agreements"). Pursuant to the terms of the Support Agreements, each signatory, who together hold approximately 38% of JHI's voting rights (on a fully diluted basis), has agreed to not transfer any JHI securities prior to Closing, and to vote in favour of the Acquisition at the meeting of JHI Securityholders. Each signatory to the Lock-Up Agreements has agreed to not transfer or sell the Consideration Shares received on Closing (subject to limited exceptions), with such locked up shares to be released in tranches, with 10% being released on Closing, a further 10% three months following Closing, a further 10% six months following Closing, a further 20% twelve months following closing and the remaining 50% on the the earlier of September 30, 2027, and the date on which the first offshore well in the Falkland Islands is spud by or on behalf of Eco.

PillarFour Capital Inc. acted as Eco's financial advisor on the Transaction. PillarFour Capital Inc. will be entitled to US$150,000 in cash and 725,000 Common Shares upon Closing.