In a significant move to enhance its operational capabilities, Eco Oil and Gas Ltd. has announced the appointment of key executives and a new joint broker. This development is crucial as the company focuses on offshore exploration activities in the Atlantic Margins. The executive team has been strengthened with the addition of Keely Pearce, who will serve as the Vice President of Operations.
Effective immediately, Canaccord Genuity Limited has been designated as the company’s joint broker, collaborating with existing partners to improve market outreach.
This announcement comes at a pivotal time for Eco Oil and Gas, as they advance their strategic initiatives in partnership with Navitas Petroleum LP.
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New appointments enhance operational expertise
Keely Pearce joins Eco Oil and Gas with over 30 years of experience in the oil and gas sector. Her background includes critical positions at Impact Oil & Gas Limited and Shell plc, where she managed various international portfolios. Pearce’s extensive knowledge in exploration geoscience, along with her operational proficiency, makes her a valuable asset to the team.
Notably, she was part of the team that identified the Venus field off the coast of Namibia, showcasing her capability in significant discoveries. Her familiarity with regulatory frameworks in both Namibia and South Africa will be instrumental as Eco Oil and Gas navigates its operational landscape.
Strategic partnerships for market engagement
With Canaccord Genuity stepping in as the joint broker, Eco Oil and Gas aims to strengthen its connections with the equity capital markets in the UK, North America, and Israel. This appointment follows the broker’s involvement in a recent strategic alliance with Navitas Petroleum, indicating robust backing in terms of market strategy.
Gil Holzman, the President and CEO of Eco Oil and Gas, expressed optimism regarding these new additions. He stated, “These appointments will further strengthen the Company’s leadership and market engagement at an important time for Eco Atlantic.” He emphasized that Pearce’s depth of experience will positively contribute to the company’s endeavors.
Promotion within the executive team
In addition to Keely Pearce’s appointment, the company has recognized the contributions of Alice Carroll, who has been promoted to Vice President of Business Development and Corporate Affairs. This elevation reflects the company’s commitment to nurturing talent within its ranks, as Carroll has played a pivotal role across various aspects of the business.
Holzman acknowledged Carroll’s significant contributions, stating, “I am proud to promote her to VP Business Development and Corporate Affairs.” This promotion is expected to further enhance the company’s strategic initiatives and business outreach.
About Eco Oil and Gas Ltd.
Eco Oil and Gas is a publicly traded company focused on oil and gas exploration in stable emerging markets, primarily in the offshore regions of Guyana, Namibia, and South Africa. The company aims to create substantial value for its stakeholders by exploring low carbon intensity oil and gas resources.
In Guyana, Eco Oil and Gas operates with a 100% working interest in the Orinduik Block, spanning an area of 1,354 km2. In Namibia, the company holds an 85% working interest across three offshore petroleum licenses, covering a total area of 22,893 km2 in the Walvis Basin. Furthermore, in South Africa, Eco maintains a 5.25% working interest in Block 3B/4B and a 75% operated interest in Block 1 CBK, totaling around 37,510 km2.