TIDMECO
RNS Number : 0504P
Eco (Atlantic) Oil and Gas Ltd.
09 October 2023
9 October 2023
ECO (ATLANTIC) OIL & GAS LTD.
("Eco," "Eco Atlantic," "Company," or together with its
subsidiaries, the "Group")
Board Changes
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, is pleased
to announce the following Board changes.
Director Appointments
Eco Atlantic is pleased to announce the appointment of Miss
Alice Carroll and Miss Selma Usiku as directors of the Company with
immediate effect.
Miss Alice Carroll is currently the Company's Head of Corporate
Sustainability and joins the Board as an Executive Director. Alice
is an experienced international stakeholder and external relations
professional, with over a decade of experience within the oil &
gas industry. Alice is s killed in marketing strategy and project
execution, leading communications, and external relations on
country entries, asset acquisitions, and monetisation across a
global portfolio. Alice previously worked with Azinor Catalyst, the
UK focused Oil and Gas exploration company, before becoming the
Global Marketing and Investor Relations Manager for the Seacrest
Azimuth Group, managing all external and stakeholder relations
across UK, Ireland, Namibia, South Africa, Brazil, Honduras and
Indonesia. Miss Carroll holds a BSc First Class honours in Biology
with Science and Society from the University of Manchester.
Miss Carroll joins the Board as an Executive Director with
immediate effect and will continue her role as Eco's Head of
Corporate Sustainability.
Miss Selma Usiku is an experienced exploration geologist with a
history of working in South Africa and in both the Namibian Oil
& Energy and diamond industries. Selma's experience is
predominantly in exploration geoscience, geophysics, basin
modelling, petroleum geology and earth sciences, from almost 10
years as an exploration geologist with Brazilian HRT and Azinam.
Selma was directly involved in the wild cat wells that made
Namibia's first technical discovery of hydrocarbons at the Wingat-1
Walvis Basin play opener in 2013. Selma is an active member of the
Namibia Petroleum Operators Association and currently Exploration
Geologist with Debmarine Namibia.
Miss Usiku holds a Master of Science (MSc) focused in Petroleum
Geoscience from Royal Holloway, University of London. In 2018,
Selma received the Global Women Petroleum & Energy Club Award
for Excellence in Africa, and she was an Ambassador for the
Geoscience Council of Namibia in 2021.
Miss Usiku joins the Board as a Non-Executive Director with
immediate effect.
Retirement of Non-Executive Director
Mr Helmut Angula will retire as a Non-Executive Director of the
Company, having served on the board since November 2011, with
immediate effect. Mr Angula will remain with the Company in the
role of a senior advisor to the Board.
Peter Nicol, Chairman of Eco Atlantic, commented:
"I am absolutely thrilled to welcome both Alice Carroll and
Selma Usiku to the Board of Eco Atlantic, both bring fresh thinking
and impressive skill sets. I am looking forward to the contribution
of stakeholder and technical expertise Alice and Selma bring as we
build on our latest pivotal transaction in Guyana and very busy
continuation of our workstreams across the Company's exploration
portfolio in Namibia and Orange Basin South Africa."
Gil Holzman, Co-Founder and Chief Executive Officer of Eco
Atlantic, commented:
"Helmut Angula joined the Board of Eco at inception in 2011,
serving on both the Audit and Compensation Committees. We have
benefitted greatly from his understanding of the financial and
energy sectors in Namibia. We wish him all the best with his
well-deserved retirement and are grateful he will continue to
support us as a senior advisor to the Board."
**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, 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) .
AIM Rules for Companies, Schedule 2(g) Disclosures
The following additional information is provided in accordance
with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Miss Alice Mary Sweeney Carroll (aged 34)
Current Directorships Past Directorships (in the
last five years)
VIM Advisory Limited VIM Property Group Limited
---------------------------
Miss Carroll holds 1,366 common shares of no par value in the
Company ("Common Shares"). Miss Carroll also holds 175,000
Restricted Share Units under the Company's Restricted Share Units
Plan and holds 500 options over Common Shares.
Miss Selma Ndatega Usiku (aged 37)
Current Directorships* Past Directorships (in the
last five years)
CEVITEG Investments CC NIEUCO Trading 1093 CC
--------------------------------
Edutech Academy CC Pwaame Investment (Proprietary)
Limited
--------------------------------
Grace Unlimited Investments
CC
--------------------------------
TEGRIS Trading Enterprises
CC
--------------------------------
Windhoek Shelfco Commercial
Twenty-Seven (Proprietary)
Limited
--------------------------------
* It is noted that the list of directorships above does not
include 21 companies incorporated in Namibia at which Miss Selma
Usiku has been registered as a director without her knowledge or
consent. This matter has been reported to the Namibian police and
the Business and Intellectual Property Authority ("BIPA"), and a
BIPA investigation is underway. The companies in question are as
follows: Market Day Television, GlobalNet ITV Africa Operations
PTY, Tegris Tours & Travels cc, Tegris Financial Services cc,
NIUECO, FOMONIX Procurement Services CC, Conceptial Mining and
Geological Services CC, Cloudrevel Agricultural Servcies CC,
Panafrican Marine Energy Namibia PTY, AVI Meteorological Services
CC, Fresh unit Medical Supplies CC, Amazed Investments CC, Maki
Saki Investments CC, EZRIS Travels and Tours CC, SEEKINGON Medical
Services CC, Metricsilo Aviation Services CC, Black Marine
Investments, MPP Construction CC, Watergate Film Production CC,
Zahara Oil and Gas Namibia CC, and KNOWEZA Trading CC.
Miss Usiku currently holds no interests in the Company's Common
Shares.
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules for Companies.
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END
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