Eco (Atlantic) Oil & Gas (EOG) investor relations material

Portfolio overview and strategy

• Holds interests across Guyana, Namibia, South Africa, and the Falkland Islands, targeting high-impact exploration in proven hydrocarbon basins.

• Early mover in key basins, leveraging direct entry and opportunistic acquisitions to secure large equity positions.

• Focuses on de-risking through strategic partnerships, farm-outs, and carried wells to limit financial exposure.

• Multiple monetization paths pursued, including farm-outs, asset sales, and joint ventures.

Key assets and exploration catalysts

• South Africa: 75% WI in Block 1 CBK, with option for Navitas to acquire 20% more; farm-down in Block 3B/4B to TotalEnergies and QatarEnergy, with $19.5M consideration and up to 4Bboe prospective resources.

• Namibia: Three complementary blocks with proven petroleum systems; active seismic and farm-out processes, recent discoveries by third parties in the region.

• Guyana: Orinduik Block with confirmed heavy oil discoveries (Jethro, Joe); ongoing appraisal and exploration, strategic options with Navitas.

• Falkland Islands: 6.6% indirect interest in JHI, operator of PL001 adjacent to the Sea Lion field, with recent FID and farm-in agreement with Navitas.

Strategic partnerships and transactions

• Framework and option agreements with Navitas Petroleum for Orinduik (Guyana) and Block 1 CBK (South Africa), including upfront cash and significant carried work programs.

• Farm-out to TotalEnergies and QatarEnergy in South Africa provides $8M received and $11.5M in milestone payments.

• Ongoing rationalization of non-core assets and pursuit of new ventures with strategic partners.