REG - Eco (Atlantic) O&G - Director Dealing

Eco (Atlantic) Oil & GasAnnouncement

26/10/2023 10:45

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RNS Number : 4202R  Eco (Atlantic) Oil and Gas Ltd.  26 October 2023

26 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 Alan Friedman, Non-executive
Director of Eco, has purchased 60,000 common shares in the Company ("Common
Shares") at a price of CAD$0.175 per share (the "Share Purchase").

 

Following the Share Purchase, Alan Friedman is beneficially interested in, in
aggregate, 2,110,643 Common Shares representing approximately 0.57 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                                                           Alan Friedman
 2.    Reason for the Notification
 a)    Position/status                                                Non-executive 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   60,000

 
 d)    Aggregated information                                         N/A (Single transaction)

       Aggregated volume Price
 e)    Date of the transaction                                        25 October 2023
 f)    Place of the transaction                                       TSX Venture Exchange

 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

25 October 2023

f)

Place of the transaction

TSX Venture Exchange

 

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