ECO Eco (atlantic) Oil & Gas Ltd

 
TIDMECO 
 
EcoSecurities Group plc 
13 October 2009 
 
              EcoSecurities Group plc ("EcoSecurities") 
 EcoSecurities response to lapse of offer by Guanabara Holdings B.V. 
 
The Board of EcoSecurities notes the announcement of 12 October  2009 
by Guanabara Holdings B.V. that its increased cash offer of 90  pence 
per EcoSecurities share has lapsed with immediate effect. 
 
The Board of EcoSecurities continues to recommend that  EcoSecurities 
shareholders accept the increased offer by Carbon Acquisition Company 
Ltd ("Carbon Acquisition Company") for EcoSecurities of 105 pence per 
EcoSecurities share (the  "Revised Offer") for  the same reasons  set 
out in  the  offer document  sent  to EcoSecurities  shareholders  by 
Carbon Acquisition Company on 25 September 2009. 
 
 
 
ENQUIRIES: 
 
RBS Hoare Govett                                      +44 (0) 20 7678 
                                                      8000 
Justin Jones 
Hugo Fisher 
Citigate Dewe Rogerson                                +44 (0) 20 7638 
                                                      9571 
Kevin Smith 
 
 
 
 
Further information 
 
The directors of EcoSecurities accept responsibility for the 
information contained in this announcement.  To the best of the 
knowledge and belief of the directors of EcoSecurities (who have 
taken all reasonable care to ensure that such is the case), the 
information contained in this announcement for which they accept 
responsibility is in accordance with the facts and does not omit 
anything likely to affect the import of such information. 
 
RBS Hoare Govett Limited which is authorised and regulated in the 
United Kingdom by the Financial Services Authority is acting 
exclusively for EcoSecurities and for no-one else in connection with 
the Revised Offer and will not be responsible to anyone other than 
EcoSecurities for providing the protections afforded to clients of 
RBS Hoare Govett Limited or for providing advice in relation to the 
Revised Offer or any other matters referred to in this announcement. 
 
Dealing disclosure requirements 
 
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any 
person is, or becomes, "interested" (directly or indirectly) in, one 
per cent or more of any class of "relevant securities" of 
EcoSecurities, all "dealings" in any "relevant securities" of 
EcoSecurities (including by means of an option in respect of, or a 
derivative referenced to, any such "relevant securities") must be 
publicly disclosed by not later than 3.30pm (Dublin time) on the 
business day following the date of the relevant transaction.  This 
requirement will continue until the date on which the Revised Offer 
becomes, or is declared, unconditional as to acceptances or lapses or 
is otherwise withdrawn or on which the "offer period" otherwise 
ends.  If two or more persons co-operate on the basis of any 
agreement, either express or tacit, either oral or written, to 
acquire an "interest" in "relevant securities" of EcoSecurities, they 
will be deemed to be a single person for the purpose of Rule 8.3 of 
the Irish Takeover Rules. 
 
Under the provisions of Rule 8.1 of the Irish Takeover Rules, all 
"dealings" in "relevant securities" of EcoSecurities by Carbon 
Acquisition Company or EcoSecurities, or by any of their respective 
"associates" must also be disclosed by no later than 12 noon (Dublin 
time) on the business day following the date of the relevant 
transaction. 
 
A disclosure table, giving details of the companies in whose 
"relevant securities" "dealings" should be disclosed can be found on 
the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. 
 
"Interests in securities" arise, in summary, when a person has long 
economic exposure, whether conditional or absolute, to changes in the 
price of securities.  In particular, a person will be treated as 
having an "interest" by virtue of the ownership or control of 
securities, or by virtue of any option in respect of, or derivative 
referenced to, securities. 
 
Terms in quotation marks are defined in the Irish Takeover Rules, 
which can also be found on the Irish Takeover Panel's website. If you 
are in any doubt as to whether or not you are required to disclose a 
dealing under Rule 8, please consult the Irish Takeover Panel's 
website at www.irishtakeoverpanel.ie or contact the Irish Takeover 
Panel on telephone number +353 (0)1 678 9020; fax number +353 (0)1 
678 9289. 
 
A copy of the documents listed as available for inspection in Carbon 
Acquisition Company's recommended cash offer document dated 15 
September 2009 setting out the terms of the offer of 100 pence per 
ordinary share made by Carbon Acquisition Company (the "Recommended 
Offer") and a copy of all documents despatched and announcements made 
by EcoSecurities in relation to the Recommended Offer and the Revised 
Offer, including this announcement, will be available for inspection 
at the offices of Matheson Ormsby Prentice, 70 Sir John Rogerson's 
Quay, Dublin 2 during normal business hours on any weekday (Saturday, 
Sunday and public holidays excepted) whilst the Recommended Offer 
remains open for acceptance. 
 
END 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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