Eco (Atlantic) Oil and Gas Ltd. Director Dealing (8017T)
29 Noviembre 2021 - 1:00AM
UK Regulatory
TIDMECO
RNS Number : 8017T
Eco (Atlantic) Oil and Gas Ltd.
29 November 2021
29 November 2021
ECO (ATLANTIC) OIL & GAS LTD.
("Eco Atlantic", "Company" or, together with its subsidiaries,
the "Group")
Director Dealing
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG)
announces that Gil Holzman, Chief Executive Officer and a Director
of the Company, acquired 100,000 common shares in the Company
("Common Shares") on 26 November 2021 at a price of CAD0.266 per
share (TSXV) (the "Share Purchase").
Following the Share Purchase, Gil Holzman is beneficially
interested in, in aggregate, 8,589,124 Common Shares representing
approximately 4.3 per cent. of the Company's issued share
capital.
For more information, please visit www.ecooilandgas.com or
contact the following :
Eco Atlantic Oil and Gas c/o Celicourt +44 (0) 20
8434 2754
Gil Holzman, CEO
Colin Kinley, COO
Alice Carroll, Head of Marketing and +44(0)781 729 5070 | +1 (416)
IR 318 8272
Strand Hanson Limited (Financial & Nominated
Adviser) +44 (0) 20 7409 3494
James Harris
James Bellman
Berenberg (Broker) +44 (0) 20 3207 7800
Matthew Armitt
Emily Morris
Detlir Elezi
Celicourt (PR) +44 (0) 20 8434 2754
Mark Antelme
Jimmy Lea
Ollie Mills
Hannam & Partners (Research Advisor)
Neil Passmore +44 (0) 20 7905 8500
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.
Notes to editors:
About Eco Atlantic:
Eco Atlantic is a TSX-V and AIM quoted Oil & Gas exploration
and production Company with interests in Guyana and Namibia, where
significant oil discoveries have been made.
The Group aims to deliver material value for its stakeholders
through oil exploration, appraisal and development activities in
stable emerging markets, in partnership with major oil
companies.
In Guyana, Eco Guyana holds a 15% Working Interest alongside
TOQAP Guyana B.V. ("TOQAP") a company jointly owned by
TotalEnergies E&P Guyana B.V. (60%) and Qatar Petroleum (40%)
and Operator Tullow Oil (60%) in the 1,800 km(2) Orinduik Block in
the shallow water of the prospective Suriname-Guyana basin. The
Orinduik Block is adjacent and updip to ExxonMobil Operated
Stabroek Block, on which twenty discoveries have been announced and
over 10 billion BOE recoverable resources are estimated. On 28 June
2021, Eco acquired a 6.4% interest, with the option to increase its
stake to 10%, in JHI Associates Inc. a private company which holds
a 17.5% WI in the 4,800km(2) Canje Block. The Canje Block is
operated by ExxonMobil and is held by Working Interests partners
Esso Exploration & Production Guyana Limited (35%), with
TotalEnergies E&P Guyana B.V. (35%), JHI Associates (BVI) Inc.
(17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%).
Jethro-1 was the first major oil discovery on Orinduik Block.
The Jethro-1 encountered 180.5 feet (55 meters) of net heavy oil
pay in excellent Lower Tertiary sandstone reservoirs. Joe-1 was the
second discovery on the Orinduik Block and comprised of high
quality oil-bearing sandstone reservoir, with a high porosity of
Upper Tertiary age. The Joe-1 well encountered 52 feet (16 meters)
of continuous thick sandstone.
In Namibia, the Company holds operated interests in four
offshore petroleum licences totalling approximately 28,593km(2)
with over 2.362bboe of prospective P50 resources in the Walvis
Basin. These four licences, Cooper, Guy, Sharon, and Tamar are
being explored with industry partners with Eco Operating and
maintaining an average 60% Working Interest. Eco has been granted a
drilling permit on its Cooper Block (Operator).
Eco Atlantic is a 100% shareholder in Solear Ltd., Solear is an
independent private clean energy investment company focused on low
cost, high yield solar development projects in southern Europe.
Solear offers investors exposure to a portfolio of pre-construction
opportunities across the renewable energy value chain, from
Ready-to-Build to early-stage development.
PDMR Notification Form
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)
CAD0.266 100,000 common
shares (TSXV)
---------------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -------------------------------------
e) Date of the transaction 26 November 2021
-------------------------------- -------------------------------------
f) Place of the transaction TSX Venture Exchange (TSXV)
-------------------------------- -------------------------------------
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END
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November 29, 2021 02:00 ET (07:00 GMT)
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