Source: Eco (Atlantic) Oil and Gas Ltd.

Director Appointments

Eco Atlantic is pleased to announce the appointment of Miss Alice Carroll and Miss Selma Usiku as directors of the Company with immediate effect.

Miss Alice Carroll is currently the Company’s Head of Corporate Sustainability and joins the Board as an Executive Director. Alice is an experienced international stakeholder and external relations professional, with over a decade of experience within the oil & gas industry. Alice is skilled in marketing strategy and project execution, leading communications, and external relations on country entries, asset acquisitions, and monetisation across a global portfolio. Alice previously worked with Azinor Catalyst, the UK focused Oil and Gas exploration company, before becoming the Global Marketing and Investor Relations Manager for the Seacrest Azimuth Group, managing all external and stakeholder relations across UK, Ireland, Namibia, South Africa, Brazil, Honduras and Indonesia. Miss Carroll holds a BSc First Class honours in Biology with Science and Society from the University of Manchester.

Miss Carroll joins the Board as an Executive Director with immediate effect and will continue her role as Eco’s Head of Corporate Sustainability.

Miss Selma Usiku is an experienced exploration geologist with a history of working in South Africa and in both the Namibian Oil & Energy and diamond industries. Selma’s experience is predominantly in exploration geoscience, geophysics, basin modelling, petroleum geology and earth sciences, from almost 10 years as an exploration geologist with Brazilian HRT and Azinam. Selma was directly involved in the wild cat wells that made Namibia’s first technical discovery of hydrocarbons at the Wingat-1 Walvis Basin play opener in 2013. Selma is an active member of the Namibia Petroleum Operators Association and currently Exploration Geologist with Debmarine Namibia.

Miss Usiku holds a Master of Science (MSc) focused in Petroleum Geoscience from Royal Holloway, University of London. In 2018, Selma received the Global Women Petroleum & Energy Club Award for Excellence in Africa, and she was an Ambassador for the Geoscience Council of Namibia in 2021.

Miss Usiku joins the Board as a Non-Executive Director with immediate effect.

Retirement of Non-Executive Director

Mr Helmut Angula will retire as a Non-Executive Director of the Company, having served on the board since November 2011, with immediate effect. Mr Angula will remain with the Company in the role of a senior advisor to the Board.

Peter Nicol, Chairman of Eco Atlantic, commented:

“I am absolutely thrilled to welcome both Alice Carroll and Selma Usiku to the Board of Eco Atlantic, both bring fresh thinking and impressive skill sets. I am looking forward to the contribution of stakeholder and technical expertise Alice and Selma bring as we build on our latest pivotal transaction in Guyana and very busy continuation of our workstreams across the Company’s exploration portfolio in Namibia and Orange Basin South Africa.”

Gil Holzman, Co-Founder and Chief Executive Officer of Eco Atlantic, commented:

“Helmut Angula joined the Board of Eco at inception in 2011, serving on both the Audit and Compensation Committees. We have benefitted greatly from his understanding of the financial and energy sectors in Namibia. We wish him all the best with his well-deserved retirement and are grateful he will continue to support us as a senior advisor to the Board.”

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