Eco Atlantic Oil & Gas Ltd. has signed a Sale Purchase Agreement to acquire a 60% Operated Interest in the Orinduik Block offshore Guyana from Tullow Oil. The transaction is in line with Eco's strategy to explore for hydrocarbons in prolific petroleum basins. The initial consideration for the acquisition is a cash payment of US$700,000, with additional contingent payments linked to future milestones. Upon completion of the transaction, Eco will hold a 75% Participating Interest and become the operator of the Orinduik Block. The completion is expected to occur in the second half of 2023.