Eco (Atlantic) Oil and Gas Ltd. Announces Result of AGM

Core Viewpoint - Eco (Atlantic) Oil and Gas Ltd. successfully held its Annual General Meeting (AGM) on March 27, 2026, where all resolutions were passed with substantial majority support from shareholders [2]. Board Changes - Following the AGM, Keith Hill has been appointed as Non-Executive Chairman, succeeding Peter Nicol, effective March 30, 2026. Peter Nicol will continue to serve as a Non-Executive Director [3][6]. Omnibus Incentive Plan - The shareholders approved the Omnibus Incentive Plan, which is a 10% rolling security-based compensation plan, pending final acceptance from the TSX Venture Exchange [4]. Leadership Acknowledgment - Gil Holzman, President and CEO, expressed gratitude towards Peter Nicol for his leadership and guidance during a period of significant change for the company and the industry [4][5]. Company Position and Future Outlook - The company is positioned for future growth with strong foundations, and the board welcomes Keith Hill's extensive industry experience and leadership as they focus on strategic goals, including growth and high-impact exploration [6]. Company Overview - Eco Atlantic is an oil and gas exploration company focused on the offshore Atlantic Margins, with interests in Guyana, Namibia, and South Africa. The company aims to deliver value through low carbon intensity oil and gas exploration in stable emerging markets [8]. Operational Interests - In Offshore Guyana, Eco operates a 100% Working Interest in the 1,354 km² Orinduik Block. In Namibia, it holds Operatorship and an 85% Working Interest in three offshore Petroleum Licences covering a combined area of 22,893 km² in the Walvis Basin. In Offshore South Africa, Eco has a 5.25% Working Interest in Block 3B/4B and a 75% Operated Interest in Block 1 CBK, totaling approximately 37,510 km² [9].