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RNS Number : 2989R Eco (Atlantic) Oil and Gas Ltd. 25 October 2023
25 October 2023
ECO (ATLANTIC) OIL & GAS LTD.
("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the
"Group")
Director Dealing
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and
gas exploration company focused on the offshore Atlantic Margins in South
Africa, Namibia, and Guyana, announces that Gadi Levin, Finance Director of
Eco, today purchased 57,000 common shares in the Company ("Common Shares") at
a price of CAD$0.175 per share and Colin Kinley, Chief Operating Officer of
Eco, today purchased 100,000 Common Shares at a price of CAD$0.175 per share
(together, the "Share Purchase").
Following the Share Purchase, Gadi Levin is beneficially interested in, in
aggregate, 1,282,000 Common Shares representing approximately 0.35 per cent.
of the Company's currently issued share capital and Colin Kinley is
beneficially interested in, in aggregate, 6,651,127 Common Shares representing
approximately 1.80 per cent. of the Company's currently issued share capital.
For more information, please visit www.ecooilandgas.com or contact the
following:
Eco Atlantic Oil and Gas c/o Celicourt +44 (0) 20 7770 6424
Gil Holzman, CEO
Colin Kinley, COO
Alice Carroll, Head of Corporate Sustainability +44(0)781 729 5070
Strand Hanson (Financial & Nominated Adviser)
+44 (0) 20 7409 3494
James Harris
James Bellman
Berenberg (Broker) +44 (0) 20 3207 7800
Matthew Armitt
Detlir Elezi
Echelon Capital (Financial Adviser N. America Markets)
Ryan Mooney +1 (403) 606 4852
Simon Akit +1 (416) 8497776
Celicourt (PR) +44 (0) 20 7770 6424
Mark Antelme
Jimmy Lea
About Eco Atlantic:
Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil & gas
exploration company with offshore license interests in Guyana, Namibia, and
South Africa. Eco aims to deliver material value for its stakeholders through
its role in the energy transition to explore for low carbon intensity oil and
gas in stable emerging markets close to infrastructure.
Offshore Guyana in the proven Guyana-Suriname Basin, the Company holds a 15%
Working Interest in the 1,800 km(2) Orinduik Block Operated by Tullow Oil. In
Namibia, the Company holds Operatorship and an 85% Working Interest in four
offshore Petroleum Licences: PELs: 97, 98, 99, and 100, representing a
combined area of 28,593 km(2) in the Walvis Basin.
Offshore South Africa, Eco is Operator and holds a 50% working interest in
Block 2B and a 26.25% Working Interest in Block 3B/4B operated by Africa Oil
Corp., totalling some 20,643km(2).
PDMR notification
The notifications below are made in accordance with the requirements of UK
MAR:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gadi Levin
2. Reason for the Notification
a) Position/status Finance Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ECO (ATLANTIC) OIL & GAS LTD.
b) LEI 213800WPR7ASTDWQUW50
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
where transactions have been conducted
a) Description of the Financial instrument, type of instrument Common shares of no par value in the Company
Identification code CA27887W1005
b) Nature of the Transaction Purchase of common shares of no par value in the Company
c) Price(s) and volume(s) Price(s) Volume(s)
CAD$0.175 57,000
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 25 October 2023
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
25 October 2023
f)
Place of the transaction
AIM (LSE)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Kinley
2. Reason for the Notification
a) Position/status Chief Operating Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name ECO (ATLANTIC) OIL & GAS LTD.
b) LEI 213800WPR7ASTDWQUW50
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
where transactions have been conducted
a) Description of the Financial instrument, type of instrument Common shares of no par value in the Company
Identification code CA27887W1005
b) Nature of the Transaction Purchase of common shares of no par value in the Company
c) Price(s) and volume(s) Price(s) Volume(s)
CAD$0.175 100,000
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 25 October 2023
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
25 October 2023
f)
Place of the transaction
AIM (LSE)
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