Eco Atlantic in talks to extend activities in Guyana
By Josh White
Date: Wednesday 14 Jan 2026
(Sharecast News) - Eco Atlantic Oil & Gas said on Wednesday that it was in ongoing discussions with the Government of Guyana over the continuation of its appraisal and exploration activities on the Orinduik Block, following the expiry of the licence's second renewal term.
The AIM- and TSX Venture-listed explorer said it and its partner Navitas Petroleum were engaged in constructive dialogue with Guyana's Ministry of Natural Resources regarding the next phase of work on the block.
While the Orinduik licence reached the end of its second renewal period on 14 January, Eco said provisions under the Petroleum Act allowed it to retain rights to the Jethro-1 and Joe-1 discoveries pending approval of the appraisal programme that had been submitted to the authorities.
Eco said the Ministry of Natural Resources and the Guyana Geology and Mines Commission had received the relevant joint submissions from Eco Atlantic and Navitas, and that the partners were pursuing what they described as the most efficient and value-accretive route forward that will be acceptable to the ministry.
The firm added that the appraisal and exploration discussions formed part of a customary regulatory process under the existing legislative framework.
"We continue to engage constructively with the Government of Guyana and our partners as we work through the next phase of our exploration and appraisal work in the basin," said chief executive Gil Holzman.
"Our focus remains on preserving access to existing discoveries, progressing appraisal activity, and evaluating opportunities to enhance the Block configuration in a manner that is aligned with both shareholders' values and as importantly Guyana's Government national objectives."
Eco said it would update the market as and when appropriate as discussions progressed.
At 1359 GMT, shares in Eco Atlantic Oil & Gas were down 1.79% at 27.5p.
Reporting by Josh White for Sharecast.com.
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