On March 11, 2026, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO; TSX-V: EOG) announced it has entered into a binding arrangement agreement to acquire all issued and to-be-issued shares of JHI Associates, Inc. not already held by Eco, in an all-share transaction valued at approximately US$52.3 million (approximately C$71.7 million / £39.0 million). Under the terms of the agreement, Eco will issue approximately 96,307,811 new common shares at an exchange ratio of 0.7054 Eco shares per JHI share, based on a 30-day VWAP of CAD$0.7362 on the TSX-V as of March 9, 2026, with JHI securityholders expected to hold approximately 21.8 percent of Eco's then-issued share capital upon closing. Approximately 45 percent of the consideration shares will be subject to 18-month lock-up arrangements. The transaction will grant Eco a 35 percent working interest in the PL001 licence area in the Falkland Islands, adjacent to the Sea Lion Field under development, and a 17.5 percent participating interest in the Canje Block offshore Guyana, as well as JHI's cash balance of US$1.0 million (approximately C$1.4 million). Eco will also assume the benefit of a fully funded carry loan of up to US$14.0 million (approximately C$19.2 million) net to JHI from Navitas Petroleum LP, which holds the remaining 65 percent interest in PL001. Torys LLP is acting as counsel to Eco Atlantic, with a team led by Janan Paskaran and including Jennifer Marshall (corporate/M&A), Andrew Gray (litigation), and Steve Marshall (tax). Closing is expected in Q3 2026, subject to a five-year PL001 licence extension from the Falkland Islands Government, TSX Venture Exchange approval, and two-thirds approval from JHI shareholders.