Eco (Atlantic) Oil and Gas Ltd. Director Dealing (5611Q)
October 18 2023 - 6:44AM
UK Regulatory
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 +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) .
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)
------------------------------- -----------------------------------------
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END
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