Star Metro - Eco (Atlantic) Oil and Gas Ltd. Announces Results For Three & Nine Months Ended 31 Dec 2025

TORONTO, ONTARIO / ACCESS Newswire / March 2, 2026 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX ‐ V:EOG) ("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the "Group") the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce its unaudited results for the three and nine month periods ended 31 December 2025.

Highlights:

Financial

Post-period end

South Africa

Block 1 CBK

Block 3B/4B

Namibia

Guyana

Post-period end

Falkland Islands

Post-period end

Corporate Presentation

Eco also announces that a new Corporate Presentation has been published on its website and is available at the following link: https://www.ecooilandgas.com/investors/results-presentation/

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

"This period saw Eco deliver a number of important strategic and financial milestones that have transformed our business and further strengthen our platform across the Atlantic Margins. Most notably, we are now in a Strategic Partnership with Navitas, which includes option agreements over both Orinduik and Block 1 CBK. This represents a significant validation of the quality of our portfolio and, on exercise, will provide near-term capital alongside meaningful carried exposure across key assets. We look forward to deepening our collaboration with Navitas further as we explore options to maximise the potential of our world-class assets.

"In South Africa, we were pleased to see progress at Block 1 CBK, renamed in honour of the late Colin Kinley, with the approval of the 25% interest transfer to Orange Basin Energies, reinforcing our commitment to local partnerships. While we wait to hear back from the South African Government on the environmental permitting for Block 3B/4B, we remain confident that a solution to progress the project will be found and the JV will continue its drilling preparations.

"In Guyana, we continue to work constructively with Navitas and the Government to advance the Orinduik block in a manner that is in alignment with all stakeholders and value-accretive for our investors. We look forward to providing further updates as we progress the development of our highly prospective acreage in the country.

"As part of its ongoing efforts to maximise shareholder value across its assets, Eco has shifted its strategic focus in Namibia towards proven deepwater plays. In doing so, Eco was able to secure licence extensions across its licences while also optimising its portfolio through the farmout of its interest in PEL 98. We are making significant headway in our farmout negotiations for our other acreage offshore Namibia and look forward to being able to update investors as these negotiations progress further.

"Post period end, the successful US$10 million private placement and our migration to SETS have helped to further enhance our financial flexibility and market accessibility. With a strengthened balance sheet, high-quality partners, and multiple catalysts across our jurisdictions, Eco is well positioned as we move into the rest of 2026 and beyond."

Admission and Total Voting Rights

Application is being made to the London Stock Exchange for admission of the RSU Conversion Shares to trading on AIM. It is expected that AIM Admission will take place at 8.00 a.m. (GMT) on or around 4 March 2026. Application will be made to the TSX-V for the RSU Conversion Shares to be admitted to trading on the TSX-V, with listing subject to the approval of the TSX-V and the Company satisfying all of the requirements of the TSX-V.

Following Admission, the issued share capital of the Company will be 345,841,027 Common Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company's unaudited financial statements for the three and nine month periods ended 31 December 2025 is available for download on the Company's website at www.ecooilandgas.com and on SEDAR+ at www.sedarplus.ca..

The following are the Company's Balance Sheet, Income Statements, Cash Flow Statement and selected notes from the annual Financial Statements. All amounts are in US Dollars, unless otherwise stated.

Balance Sheet

Income Statement

Cash Flow Statement

**ENDS**

For more information, please visit www.ecooilandgas.com or contact the following.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Eco Atlantic:

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil and gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Ecoaims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.

In Offshore Guyana, in the proven Guyana-Suriname Basin, the Company operates a 100% Working Interest in the 1,354 km² Orinduik Block. In Namibia, the Company holds Operatorship and an 85% Working Interest in three offshore Petroleum Licences: PELs: 97, 99, and 100, representing a combined area of 22,893 km² in the Walvis Basin. In Offshore South Africa,Eco holds a 5.25% Working Interest in Block 3B/4B and a 75% Operated Interest in Block 1 CBK, in the Orange Basin, totalling approximately 37,510km².

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this document contains forward-looking information and statements within the meaning of applicable Canadian securities laws and may constitute forward-looking statements under the securities laws of other jurisdictions including, without limitation, management's business strategy, and management's assessment of future plans and operations, the exercise of option agreements, the negotiation and execution of definitive farm-in agreements, the receipt of milestone payments, the timing and receipt of governmental and regulatory approvals, the advancement of drilling and appraisal programmes, potential farm-out transactions, and the Company's future financial position and growth prospects, and the outcome of discussions regarding potential partners. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future, including, but not limited to successful negotiation of farm-in agreement, results of exploration as proposed or at all, the exercise of options by counterparties, and the completion of work programmes. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential" or similar words suggesting future outcomes or statements regarding future performance and outlook. Forward-looking statements are based on certain material assumptions, including, without limitation: the timely receipt of required governmental, regulatory and third-party approvals; the ability of the Company and its counterparties to negotiate and execute definitive agreements; the ability of joint venture partners to fund and carry agreed work programmes; the accuracy of geological, technical and economic interpretations; the availability of financing on reasonable terms; the continued support of regulatory authorities; and prevailing economic, market and industry conditions. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, including but not limited to: failure to obtain required regulatory or environmental approvals; delays in permitting; failure of counterparties to exercise options or complete farm-in transactions; delays in receipt of milestone payments; exploration and drilling risks, including the risk of non-commercial discoveries; commodity price volatility; joint venture and partner risks; political and geopolitical risks in the jurisdictions in which the Company operates; financing risks; and general economic conditions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include risks and uncertainties identified under the headings "Risk Factors" in the Company's annual information form dated July 29, 2024 and other disclosure documents available on the Company's profile on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

View the original press release on ACCESS Newswire

S.Lapointe--SMC