Eco (Atlantic) Oil and Gas Ltd. Director Dealing (2989R)
25 Oktober 2023 - 4:24PM
UK Regulatory
TIDMECO
RNS Number : 2989R
Eco (Atlantic) Oil and Gas Ltd.
25 October 2023
25 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 Gadi Levin, Finance Director of Eco, today purchased 57,000
common shares in the Company ("Common Shares") at a price of
CAD$0.175 per share and Colin Kinley, Chief Operating Officer of
Eco, today purchased 100,000 Common Shares at a price of CAD$0.175
per share (together, the "Share Purchase").
Following the Share Purchase, Gadi Levin is beneficially
interested in, in aggregate, 1,282,000 Common Shares representing
approximately 0.35 per cent. of the Company's currently issued
share capital and Colin Kinley is beneficially interested in, in
aggregate, 6,651,127 Common Shares representing approximately 1.80
per cent. of the Company's currently 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
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 Gadi Levin
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- -----------------------------------------
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)
CAD$0.175 57,000
---------
------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
------------------------------- -----------------------------------------
e) Date of the transaction 25 October 2023
------------------------------- -----------------------------------------
f) Place of the transaction AIM (LSE)
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Colin Kinley
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- -----------------------------------------
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)
CAD$0.175 100,000
---------
------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
------------------------------- -----------------------------------------
e) Date of the transaction 25 October 2023
------------------------------- -----------------------------------------
f) Place of the transaction AIM (LSE)
------------------------------- -----------------------------------------
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END
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