12 December 2023
ECO (ATLANTIC) OIL & GAS LTD.
("Eco," "Eco Atlantic," "Company," or together with its subsidiaries, the "Group")
Notice of Annual General Meeting
Proposed Board Appointment, Update re Block 3B/4B Farm Out
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), the oil and gas exploration company focused on the offshore Atlantic Margins in
Proposed Appointment of Non-Executive Director
The Company is also pleased to announce the proposed appointment of Mr Oliver Quinn following the AGM to be held in December. Mr Quinn will be appointed, subject to Shareholder approval, as the nominee director of Africa Oil Corp. ("Africa Oil"), which holds 14.84% of the Company's issued share capital. Mr Quinn was appointed as the Chief Commercial Officer of Africa Oil in September 2023 having previously been employed as Senior Vice President, Corporate Development at Kosmos Energy Ltd. Mr Quinn started his career at Shell and has 19 years of experience in the Oil & Gas industry. He is a graduate of the University of
Mr Quinn's appointment is subject to the completion of customary due diligence required by the AIM Rules for Companies and AIM Rules for Nominated Advisers (the "AIM Rules") to be undertaken by the Company's Nominated Adviser, Strand Hanson Limited. A further announcement, including the requisite Schedule 2(g) disclosures required under the AIM Rules for Companies, will be made in due course.
Shareholder Approval of the Proposed Farm Out of Block 3B/4B to Africa Oil
On 11 July 2023, the Company announced that its wholly owned subsidiary, Azinam Limited ("Azinam"), would farm out a 6.25% Participating Interest in Block 3B/4B, offshore
Full details of all the Resolutions to be voted on at the meeting, as well as the Circular and form of proxy can be found on the Company's website at: https://www.ecooilandgas.com/investors/documents-circulars/.
**ENDS**
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 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 Simon Akit |
+1 (403) 606 4852 +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
Offshore
Offshore
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