REG - Eco (Atlantic) O&G - Notice of Annual General Meeting

Eco (Atlantic) Oil & GasAnnouncement

09/03/2026 08:00

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RNS Number : 8410V  Eco (Atlantic) Oil and Gas Ltd.  09 March 2026

 

 

 

9 March 2026

 

ECO (ATLANTIC) OIL & GAS LTD.

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

 

Notice of Annual General Meeting

 

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG),  the oil and
gas exploration company focused on the offshore Atlantic Margins, announces
that the Annual and Special Meeting of the Company ("AGM") will be held on 27
March 2026 at 10:00 a.m. (EST) at 217 Queen Street West, Suite 401, Toronto,
Ontario, M5R 0V2. Copies of the formal notice of AGM and form of proxy will be
made available on the Company's website at:
https://www.ecooilandgas.com/investors/documents-circulars/
(https://www.ecooilandgas.com/investors/documents-circulars/)

 

Following the recent corporate and business developments, the Board is taking
the opportunity to propose a reduction in its size from nine members to five,
to enable a more efficient and streamlined corporate governance and oversight
of the Company's activities and to reflect the Company's stage of development.

Accordingly, subject to approval at the forthcoming AGM, the Board will be
reduced in number to five directors.  It is intended that Alice Carroll, VP
Business Development, and Corporate Affairs and Chief Financial Officer Gadi
Levin will step down from the Board and continue in their senior executive
roles at the Company, and Mrs. Selma Usiku will retire from the Board but
continue to serve on behalf of the Company as Vice Chairman of NAMPOA (Namibia
Petroleum Operators Association). Accordingly, the aforementioned Directors
have not put themselves forward for re-election at the shareholder meeting.

If the proposed resolutions are approved at the AGM, it is expected that the
Board will comprise Keith Hill, Peter Nicol, Alan Friedman, and Emily Ferguson
as Non-Executive Directors (one of whom will be elected Non-Executive
Chairman), and Gil Holzman as Director, President & Chief Executive
Officer. A further announcement will be made at that time.

 

 

**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, Vice President Business Development
 Strand Hanson (Financial & Nominated Adviser)           +44 (0) 20 7409 3494
 James Harris, James Bellman
 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 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.

 

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).

 

Forward-Looking Statements

Certain information set forth in this document contains forward-looking
information and statements within the meaning of applicable Canadian
securities laws and may constitute forward-looking statements under the
securities laws of other jurisdictions including statements relating to the
expected composition of the board following the AGM and proposed board
changes. Forward-looking statements or information typically contain
statements with words such as "anticipate", "believe", "expect", "plan",
"intend", "estimate", "propose", "project", "potential" or similar words
suggesting future outcomes or statements regarding future performance and
outlook. Forward-looking statements are based on certain material assumptions,
including, without limitation: the results of the annual shareholder meeting.
Readers are cautioned that assumptions used in the preparation of such
information may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted as a result of
numerous known and unknown risks, uncertainties and other factors, many of
which are beyond the control of the Company, including but not limited to:
shareholder voting and the results of the annual shareholder meeting. Although
the Company believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them as
actual results may differ materially from the forward-looking statements.
Factors that could cause the actual results to differ materially from those in
forward-looking statements include risks and uncertainties identified under
the headings "Risk Factors" in the Company's annual information form dated
July 29, 2024 and other disclosure documents available on the Company's
profile on SEDAR+ at www.sedarplus.ca. (http://www.sedar.com) The
forward-looking statements contained in this press release are made as of the
date hereof, and the Company undertakes no obligation to update publicly or
revise any forward-looking statements or information, except as required by
law.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

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