Eco (Atlantic) Oil and Gas Ltd. Appointment of Joint Corporate Brokers (5391Q)
20 February 2019 - 6:02PM
UK Regulatory
TIDMECO
RNS Number : 5391Q
Eco (Atlantic) Oil and Gas Ltd.
20 February 2019
20 February 2019
ECO (ATLANTIC) OIL & GAS LTD.
("Eco", "Eco Atlantic", "Company" or, together with its
subsidiaries, the "Group")
Appointment of Joint Corporate Brokers
Eco (Atlantic) Oil and Gas Ltd. (AIM: ECO, TSX-V: EOG) the oil
and gas exploration company with licenses in highly prospective
regions in Guyana and Namibia, announces the appointment of Stifel
Nicolaus Europe Limited ("Stifel") and Joh. Berenberg, Gossler
& Co. KG ("Berenberg") as the Company's joint corporate brokers
with immediate effect.
Berenberg and Stifel will work alongside the Company's existing
corporate broker Pareto Securities Limited and Strand Hanson, the
Company's nominated adviser.
Gil Holzman, CEO of Eco Atlantic commented:
"We are delighted to add two of the leading UK and international
investment banks as our joint brokers. We want to thank Brandon
Hill Capital for their good service during the past two years.
Given our upcoming work flow, we feel it is the right time to
broaden and strengthen our brokerage and market making services
with great names such as Stifel and Berenberg. Eco is entering a
year full of corporate and operational activities, with at least
two wells to be drilled on our Orinduik Block in Guyana with our
partners Total and Tullow (operator) starting in June 2019.
Following our farm out deal with Total, the Company is fully funded
for our planned 2019-2020 work programme and is looking forward to
a year of great promise."
**ENDS**
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
Strand Hanson Limited (Financial & Nominated
Adviser)
James Harris
Rory Murphy
James Bellman +44 (0) 20 7409 3494
Berenberg (Joint Broker) +44 (0) 20 3207 7800
Matthew Armitt
Detlir Elezi
Stifel Nicolaus Europe Limited (Joint
Broker)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield +44 (0)20 7710 7600
Pareto Securities Limited (Joint Broker) +44 (0) 20 7786 4370
Søren Clausen +44 (0) 20 7786 4382
Davide Finelli +44 (0) 20 7786 4398
Matilda Mäkitalo +44 (0) 20 7786 4375
Blytheweigh (PR) +44 (0) 20 7138 3204
Tim Blythe
Julia Tilley
Jane Lenton
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.
Notes to editors
Eco Atlantic is a TSX-V and AIM listed Oil & 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, Total and Azinam.
In Guyana, Eco Guyana holds a 15% working interest alongside
Total (25%) and Tullow Oil (60%) 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
and Snoek, Payara, Pacora, Turbot, Longtail and Hammerhead
discoveries, recently made by ExxonMobil and Hess. The partners'
latest discovery, Pluma-1, increases the estimate of recoverable
resources for the Stabroek Block to more than 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 totalling approximately 25,000km(2) with over
2.3 billion barrels of prospective P50 resources in the Walvis and
Lüderitz Basins. These four licences, Cooper, Guy, Sharon and Tamar
are being developed alongside partners Azinam and NAMCOR. Eco has
been granted a drilling permit on its Cooper Block (Operator).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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