RE: First catalyst29 Dec 2025 17:26
Made an error yesterday Navitas will be granted 25% of Namibia not 47.5% as I mentioned, got mixed up with block 1 % in South Africa.
Harel,
Speculation it isn’t it is in the RNS -
Navitas has been granted the Block 1 CBK Option agreement to execute a farmout agreement to farm-in to Block 1 CBK offshore South Africa such that, on exercise, Navitas will make a US$4,000,000 payment to Eco and become the Operator of the block with up to 47.5% working interest, subject, inter alia, to customary government and regulatory approvals. Eco's remaining working interest, amounting up to 47.5% assuming the exercise of the option with OrangeBasin Energies referenced below, will be carried for the work programme, the value of the carry being capped at US$7.5m net to Eco.
The only big event apart from Guyana and the wait for South Africa is Namibia, so what are you trying to tell us?
Nothing additional to any RNS and nothing secretive is needed to move this SP.