Eco (Atlantic) O&G - Exercise of Options

Eco (Atlantic) Oil & Gas

06/05/2026 11:10

RNS Number : 2463D

Eco (Atlantic) Oil and Gas Ltd.

06 May 2026

 

 

06 May 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 250,000 common shares of no-par value each in the Company ("Common Shares"). 150,000 options were exercisable at a price of US$0.22 (CAD$0.30) per share and 100,000 options were exercisable at a price of US$0.37 (CAD$0.50) per share. The Company has received proceeds of US$ 69,828 (CAD$95,000) in respect of the exercise. 

Total Voting Rights

Application has been made for admission to trading on the TSX Venture Exchange and AIM of a total of 250,000 new Common Shares of no-par value ("Admission"). Admission is expected on or about 11 May 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 348,609,027 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'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 km2 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 km2 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 37,510km2.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
STRGZGGKGVVGVZM