Eco (Atlantic) Oil & Gas Ltd., an oil and gas exploration company focused on offshore Atlantic Margins in South Africa, Namibia, and Guyana, has announced that Gadi Levin, Finance Director of Eco, and Colin Kinley, Chief Operating Officer of Eco, have purchased common shares in the company. Gadi Levin purchased 57,000 common shares at a price of CAD$0.175 per share, while Colin Kinley purchased 100,000 common shares at the same price. Following the share purchase, Gadi Levin now holds 1,282,000 common shares, representing approximately 0.35% of the company's currently issued share capital, and Colin Kinley holds 6,651,127 common shares, representing approximately 1.80% of the company's currently issued share capital.
Eco Atlantic is a TSX-V and AIM-quoted oil and gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. The company aims to deliver value through its role in the energy transition by exploring for low carbon intensity oil and gas in stable emerging markets close to infrastructure. In Guyana, Eco holds a 15% working interest in the 1,800 km2 Orinduik Block operated by Tullow Oil. In Namibia, the company holds operatorship and an 85% working interest in four offshore petroleum licenses in the Walvis Basin. 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.
The share purchases by Gadi Levin and Colin Kinley were made in accordance with the requirements of UK MAR. The details of the transactions, including the price, volume, and date, are provided in the announcement. The transactions were conducted on the AIM (LSE) market.
For more information, interested parties can visit Eco Atlantic's website or contact the company directly.