REG - Eco (Atlantic) O&G - Exercise of Options

Eco (Atlantic) Oil & GasAnnouncement

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RNS Number : 1277Z  Eco (Atlantic) Oil and Gas Ltd.  01 April 2026

 

1 April 2026

 

ECO (ATLANTIC) OIL & GAS LTD.

("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the
"Group")

 

Exercise of Options

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and
gas exploration company focused on the offshore Atlantic Margins, announces
that it has received a notice of exercise in respect of stock options over
100,000 common shares of no-par value each in the Company ("Common Shares").
The options were exercisable at a price of US$0.35 (CAD$0.50) per share, at a
cost of US$35,000 (CAD$50,000) in respect of the exercise.

Total Voting Rights

Application has been made for admission to trading on the TSX Venture
Exchange (javascript:void(0);)  and AIM of a total of 100,000 new Common
Shares of no-par value ("Admission"). Admission is expected on or about 9
April 2026. On Admission, the new Common Shares will rank pari passu with the
Company's existing Common Shares. Following Admission, the Company's issued
share capital will consist of 342,241,027 Common Shares, with each Common
Share carrying the right to one vote. The Company does not hold any Common
Shares in treasury.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the
Company under the FCA (javascript:void(0);) 's Disclosure Guidance and
Transparency Rules.

ENDS

 

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, President & Chief Executive Officer

 Alice Carroll, VP Business Development & Corporate Affairs
 Strand Hanson (Financial & Nominated Adviser)                     +44 (0) 20 7409 3494
 James Harris, James Bellman, Edward Foulkes
 Canaccord Genuity (Joint Broker)                                 +44 (0) 20 7523 8000
 Henry Fitzgerald-O'Connor, Charlie Hammond
 Berenberg (Joint Broker)                                         +44 (0) 20 3207 7800
 Matthew Armitt
 Celicourt (PR)                                                   +44 (0) 20 7770 6424
 Mark Antelme, Charles Denley-Myerson

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

 

About Eco Atlantic:

 

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil and gas
exploration company with offshore licence 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.

 

In Offshore Guyana, in the proven Guyana-Suriname Basin, the Company operates
a 100% Working Interest in the 1,354 km(2) Orinduik Block. In Namibia, the
Company holds Operatorship and an 85% Working Interest in three offshore
Petroleum Licences: PELs: 97, 99, and 100, representing a combined area of
22,893 km(2) in the Walvis Basin. In Offshore South Africa, Eco holds a 5.25%
Working Interest in Block 3B/4B and a 75% Operated Interest in Block 1 CBK, in
the Orange Basin, totalling approximately 37,510km(2).

 

 

 

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