Eco (Atlantic) Oil and Gas Ltd. Director Dealing (5611Q)

TIDMECO

RNS Number : 5611Q

Eco (Atlantic) Oil and Gas Ltd.

18 October 2023

18 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 Gil Holzman, Chief Executive Officer and a Director of the Company, today purchased 216,135 common shares in the Company ("Common Shares") at a price of 9.5 pence per share (the "Share Purchase").

Following the Share Purchase, Gil Holzman, together with his spouse, is beneficially interested in, in aggregate, 9,780,259 Common Shares representing approximately 2.64 per cent. of the Company's currently issued share capital, being 370,173,680 Common Shares.

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      [phone] 
 
 Strand Hanson (Financial & Nominated Adviser)         [phone] 
 James Harris 
  James Bellman 
 
   Berenberg (Broker)                                  [phone] 
 Matthew Armitt 
  Detlir Elezi 
 Echelon Capital (Financial Adviser N. 
  America Markets) 
 Ryan Mooney                                         [phone] 
  Simon Akit                                          [phone] 
 
   Celicourt (PR)                                      [phone] 
 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                             Gil Holzman 
    -------------------------------  ----------------------------------------- 
2.  Reason for the Notification 
    -------------------------------------------------------------------------- 
a)  Position/status                  CEO and Director of the Company 
    -------------------------------  ----------------------------------------- 
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     Common shares of no par value in the 
     instrument, type of instrument   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) 
                                      9.5p      216,135 
                                                --------- 
    -------------------------------  ----------------------------------------- 
d)  Aggregated information           N/A (Single transaction) 
     Aggregated volume Price 
    -------------------------------  ----------------------------------------- 
e)  Date of the transaction          18 October 2023 
    -------------------------------  ----------------------------------------- 
f)  Place of the transaction         AIM (LSE) 
    -------------------------------  ----------------------------------------- 
 

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 [e-mail] 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

DSHFLFSLILLTLIV

(END) Dow Jones Newswires

October 18, 2023 07:44 ET (11:44 GMT)