Eco (Atlantic) Oil & Gas Reports Exercise of Options Over 200,000 Shares
Eco (Atlantic) Oil & Gas received notice of exercise for options over 200,000 common shares held by the late Colin Kinley Family Estate. The company received US$71,400 (CAD$100,000) and has applied for admission of the new shares to AIM and the TSX Venture Exchange.
Eco (Atlantic) Oil & Gas Ltd. has received notice that stock options over 200,000 common shares held by the late Colin Kinley Family Estate have been exercised. The options were exercisable at US$0.36 (CAD$0.50) per share, and the company received US$71,400 (CAD$100,000) in proceeds.
Eco (Atlantic) Oil & Gas has applied for the 200,000 new common shares to be admitted to trading on the TSX Venture Exchange and AIM. Admission is expected on or about 28 October 2026.
Once admitted, the new shares will rank pari passu with the company’s existing common shares.
Following admission, the company’s issued share capital will consist of 367,909,027 common shares. Each share carries one vote, and the company does not hold any common shares in treasury.
Eco (Atlantic) Oil & Gas said the 367,909,027 figure may be used by shareholders as the denominator for calculations under the FCA’s Disclosure Guidance and Transparency Rules when determining whether they must notify the company about an interest in, or a change in an interest in, its share capital.
Eco (Atlantic) Oil & Gas is an oil and gas exploration company focused on the offshore Atlantic Margins, with licence interests in Guyana, Namibia and South Africa.
In Guyana, the company operates a 100% Working Interest in the 1,354 km 2 Orinduik Block. In Namibia, it holds Operatorship and an 85% Working Interest in PELs 97, 99 and 100. The company states that these interests will reduce to 25% in each licence on completion of the farm-down to BP.
In offshore South Africa, Eco holds a 5.25% Working Interest in Block 3B/4B and a 37.5% Working Interest in Block 1 CBK.
Eco (Atlantic) Oil & Gas Ltd. announced that it had received a notice to exercise stock options over 200,000 common shares belonging to the late Colin Kinley Family Estate. The options were exercisable at US$0.36 (CAD$0.50) per share, and the company received US$71,400 (CAD$100,000) in proceeds.
Eco (Atlantic) Oil & Gas Ltd. made the announcement on 23 October 2026.
The notice covered the exercise of stock options over 200,000 common shares of no-par value each in Eco (Atlantic) Oil & Gas Ltd.
The options were exercisable at US$0.36 (CAD$0.50) per share.
Eco (Atlantic) Oil & Gas Ltd. received proceeds of US$71,400 (CAD$100,000) in respect of the exercise.
An application has been made for admission to trading of the 200,000 new common shares on the TSX Venture Exchange and AIM. Eco (Atlantic) Oil & Gas Ltd. is identified by the ticker symbols AIM:ECO and TSXV:EOG.
Admission is expected on or about 28 October 2026.
On admission, the new common shares will rank pari passu with Eco (Atlantic) Oil & Gas Ltd.’s existing common shares.
Following admission, Eco (Atlantic) Oil & Gas Ltd.’s issued share capital will consist of 367,909,027 common shares. Each common share carries the right to one vote, and the company does not hold any common shares in treasury.
The company stated that 367,909,027 common shares may be used by shareholders as the denominator when determining whether they need to notify an interest in, or a change in an interest in, the company’s share capital under the FCA’s Disclosure Guidance and Transparency Rules.
Eco (Atlantic) Oil & Gas Ltd. is an oil and gas exploration company focused on the offshore Atlantic Margins, with offshore licence interests in Guyana, Namibia and South Africa. The company says it aims to deliver material value for stakeholders through exploring for low carbon intensity oil and gas in stable emerging markets close to infrastructure.
In Guyana, Eco (Atlantic) Oil & Gas Ltd. operates a 100% Working Interest in the 1,354 km 2 Orinduik Block. In Namibia, it holds Operatorship and an 85% Working Interest in PELs 97, 99 and 100, while in South Africa it holds a 5.25% Working Interest in Block 3B/4B and a 37.5% Working Interest in Block 1 CBK.
Eco (Atlantic) Oil & Gas Ltd. states that its 85% Working Interest in each of the three Namibian licences will reduce to 25% in each licence on completion of the farm-down to BP.