Eco (Atlantic) Oil and Gas Ltd. Appointment of Keith Hill, Non-Executive Director (7759X)
29 Novembre 2017 - 8:01AM
UK Regulatory
TIDMECO
RNS Number : 7759X
Eco (Atlantic) Oil and Gas Ltd.
29 November 2017
29 November 2017
ECO (ATLANTIC) OIL & GAS LTD.
("Eco Atlantic", the "Company", "Eco" or, together with its
subsidiaries, the "Group")
Appointment of Keith Hill as Non-Executive Director
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), is
delighted to announce the appointment of Keith Hill as a
Non-Executive Director of the Company following the Subscription
and Strategic Alliance Agreement with Africa Oil Corp ("AOC"), as
announced on 13 November, with immediate effect.
Keith Hill has over 30 years' experience in the oil industry. He
is currently President and CEO of AOC, listed on the Toronto Stock
Exchange and on Nasdaq Stockholm. Mr Hill has spent over 20 years
with the Lundin Group as well as being involved with international
new venture management and holding senior exploration positions at
Occidental Petroleum and Shell Oil Company. He was also previously
President of Valkyries Petroleum, BlackPearl Resources and ShaMaran
Petroleum. He holds a Master of Science degree in Geology and
Bachelor of Science degree in Geophysics from Michigan State
University as well as a MBA from the University of St. Thomas in
Houston.
The Company can also confirm that, further to the announcement
of 13 November 2017, Derek Linfield has stepped down from the board
but will remain as a consultant to the Company.
Gil Holzman, President and CEO of Eco commented:
"We are delighted to welcome Keith to the Board. His extensive
expertise sourcing new ventures and working in the regions where
our assets are based and where we are looking for new ventures will
undoubtedly be a very significant benefit to the Company. We look
forward to working with Keith, and indeed his team at AOC, as we
look to drive forward the programmes on our current assets as well
as acquiring and developing world class assets under our agreement
with AOC."
Additional information on Keith Charles Hill
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Keith Charles Hill (aged 58)
Current Directorships/Partnerships Past Directorships/Partnerships
BlackPeal Resources Inc. Tyner Resources Ltd
Africa Oil Corp. Petro Vista Energy Corp.
ShaMaran Petroleum Corp.
TAG Oil and Gas Ltd
Africa Energy Corp.
Mr Hill has an indirect interest in the Company of 29,200,000
common shares, representing approximately 18.87 per cent. of the
Company's issued share capital. In addition, Mr Hill is personally
interested in 200,000 common shares pursuant to the grant and
exercise of Restricted Share Units announced on 24 November
2017.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
For more information, please visit www.ecooilandgas.com or
contact the following:
Eco Atlantic Oil and Gas +1 (416) 250 1955
Gil Holzman, CEO
Colin Kinley, COO
Alan Friedman, VP
Strand Hanson Limited (Financial +44 (0) 20 7409
& Nominated Adviser) 3494
James Harris
Rory Murphy
James Bellman
Brandon Hill Capital Limited +44 (0) 20 3463
(Joint Broker) 5000
Oliver Stansfield
Jonathan Evans
Robert Beenstock
Peterhouse Corporate Finance +44 (0) 20 7469
(Joint Broker) 0930
Eran Zucker
Duncan Vasey
Lucy Williams
+44 (0) 20 7138
Blytheweigh (PR) 3204
Nick Elwes
Tim Blythe
Notes to editors
Eco Atlantic is a TSX-V and AIM listed oil and gas exploration
and production Company with interests in Guyana and Namibia where
significant oil discoveries have been made.
The Group aims to deliver material value for its stakeholders
through oil exploration, appraisal and development activities in
stable emerging markets, in partnership with major oil companies,
including Tullow and AziNam.
In Guyana, Eco Guyana holds a 40 per cent. working interest
alongside Tullow Oil (60 per cent.) in the 1,800 km(2) Orinduik
Block in the shallow water of the prospective Suriname Guyana
basin. The Orinduik Block is adjacent and updip to the deep-water
Liza Field, recently discovered by ExxonMobil and Hess, which is
estimated to contain as much as 2.5 billion barrels of oil
equivalent, making it one of a handful of billion-barrel
discoveries in the last half-decade.
In Namibia, the Company holds interests in four offshore
petroleum licences totaling approximately 25,000 km(2) with over
2.3 billion barrels of prospective P50 resources in the Wallis and
Lüderitz Basins. These four licences, Cooper, Guy, Sharon and Tamar
are being developed alongside partners, which include Tullow Oil,
AziNam and NAMCOR. Significant 3D and 2D surveys and interpretation
have been completed with drilling preparations expected to begin in
2018.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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