Eco (Atlantic) Oil and Gas Ltd. announces commencement of trading on the TSX Venture Exchange
November 25 2011 - 3:19PM
PR Newswire (Canada)
TORONTO, Nov. 29, 2011 /CNW/ - Eco (Atlantic) Oil & Gas Ltd.
("Eco (Atlantic)") is pleased to announce that its common shares
will begin trading on the TSX Venture Exchange (the "Exchange")
today under the symbol "EOG". Gil Holzman, President and Chief
Executive Officer of Eco Atlantic commented, "Going public on the
TSX-V is an important step for Eco in achieving its long term
strategy to become a leading oil and gas exploration and production
company. We are positive that this step will expose the highly
prospective Namibian offshore oil potential to international
investors, thus enabling Eco to further our state of the art
exploration program." About Eco Atlantic Eco Atlantic is an oil and
gas exploration company focused on the new and bourgeoning energy
play in Namibia. Through its wholly owned Namibian subsidiary ("Eco
Namibia"), it holds five Government of the Republic of Namibia
issued petroleum licenses. Offshore, Eco Atlantic holds three
license blocks covering more than 25,000 square kilometers
(6,177,000 acres) and onshore, Eco Atlantic holds two license
blocks covering 30,000 square kilometers (7,413,000
acres). Eco Namibia, founded in 2008, enjoys a strong local
presence having a longstanding relationship with the energy and oil
and gas sector in Namibia and the region. The terms and conditions
of these licenses are regulated by agreements signed by Eco with
the Government of the Republic of Namibia in March 2011. CAUTIONARY
NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain information in
this press release constitutes forward-looking statements under
applicable securities law. Any statements that are contained in
this press release that are not statements of historical fact may
be deemed to be forward-looking statements. Forward-looking
statements are often identified by terms such as "may", "should",
"anticipate", "expects" and similar expressions.
Forward-looking statements necessarily involve known and unknown
risks, including, without limitation, risks associated with oil and
gas production and exploration, marketing and transportation; loss
of markets; volatility of commodity prices; currency and interest
rate fluctuations; imprecision of reserve estimates; environmental
risks; competition; inability to access sufficient capital from
internal and external sources; changes in legislation, including
but not limited to income tax, environmental laws and regulatory
matters. Readers are cautioned that the foregoing list of factors
is not exhaustive. Although Eco Atlantic believes in light of the
experience of its officers and directors, current conditions and
expected future developments and other factors that have been
considered appropriate that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because Eco Atlantic can give no assurance
that they will prove to be correct. The forward-looking statements
contained in this press release are made as of the date hereof and
Eco Atlantic undertakes no obligation to update publicly or revise
any forward- looking statements or information, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release. Eco Oil & Gas
(Atlantic) Ltd. CONTACT: on Eco Atlantic contact:Gil
HolzmanPresident and Chief Executive
Officergil@ecooilandgas.comTel: 972.508884529Julia MaxwellManager,
Investor Relationsjmaxwell@ecooilandgas.comTel: 416.276.3171
Copyright
Eco Atlantic Oil and Gas (TSXV:EOG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eco Atlantic Oil and Gas (TSXV:EOG)
Historical Stock Chart
From Jul 2023 to Jul 2024