Eco holds a ~6.6% interest in JHI Associates Inc (“JHI”) and the right to 1 seat on the board of Directors.
JHI is an oil and gas exploration company focused on frontier exploration on the Atlantic Margin, based in Toronto.
JHI Holds:
- 17.5% Working Interest in Canje Exploration Block offshore Guyana.
- 100% Operated interest in PL001 North Falklands Basin Licence.
The North Falklands Basin Licence (PL001) sits next to the Sea Lion development operated by Navitas (65% WI) with partner Rockhopper (35%). Sea Lion is estimated to hold 1.7 billion barrels of oil in place and 520 million barrels of recoverable reserves.
PL001 covers ~1,126 km² in ~500 m water depth and contains significant exploration potential, with JHI’s Best Estimate of 3.1 billion barrels across 52 prospects and 42 leads. The licence enters an optional 10-year Third Exploration Phase from 1 January 2027.
Key opportunities include multiple Lower Cretaceous prospects analogous to Sea Lion—such as Dinlas, Tyche, Rhea, Chatham and Selene. The Tyche and Dinlas structures are each considered potential ~400 MMbbl recoverable targets of similar age and character to the neighbouring Sea Lion field.
For more information: https://www.jhiassociates.com/north-falkland-basin
The Canje Block, located 180–300 km offshore Guyana in water depths of ~1,700–3,000 m and covering about 3,500 km², is operated by ExxonMobil with partners TotalEnergies (35%), JHI (17.5%), and Mid-Atlantic Oil & Gas Inc. (12.5%).
In 2021, three exploration wells were drilled targeting nearly 2 billion barrels of gross mean recoverable resources. All wells confirmed an active hydrocarbon system, but none encountered commercial volumes.
For more information: https://www.jhiassociates.com/guyana-canje-block
