Consolidation in the small-cap explorer space – Eco Atlantic acquires JHI Associates

March 12, 2026

On 11 March 2026, Eco Atlantic (Eco) signed an agreement to acquire JHI Associates in an all-equity deal valued at US$52.3 million. This marks a second recent corporate deal among junior E&Ps focused on Atlantic Margin exploration, following Sintana Energy’s acquisition of Challenger Energy Group in December.