General – Acquisition
Navitas Petroleum LP has signed a definitive farm-in agreement to acquire a 65% working interest in the PL001 North Falkland’s Basin licence from JHI Associates.
Eco Atlantic holds a 6.6% interest in JHI Associates. The transaction follows a Framework Agreement signed between Eco and Navitas on January 12, 2026, covering several assets.
The PL001 license covers 1,126 square kilometers in approximately 500 meters of water depth and is adjacent to the Navitas-operated Sea Lion Development.
JHI estimates the license contains 3.1 billion barrels across multiple prospects and leads, including Lower Cretaceous prospects similar to the Sea Lion field.
