Eco (Atlantic) Oil & Gas Ltd. has announced that Peter Nicol, the Non-Executive Chairman of the company, has purchased 200,000 common shares in the company at a price of 10.05 pence per share. Following this purchase, Nicol now holds a total of 1,959,266 common shares, representing approximately 0.53% of the company's currently issued share capital. Eco Atlantic is an oil and gas exploration company focused on offshore Atlantic Margins in South Africa, Namibia, and Guyana. The company aims to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure. In Guyana, Eco holds a 15% working interest in the Orinduik Block operated by Tullow Oil. In Namibia, the company holds operatorship and an 85% working interest in four offshore petroleum licenses. In South Africa, Eco is the 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.