TORONTO, ONTARIO — September 1, 2025 — Leads & Copy — Eco (Atlantic) Oil & Gas Ltd. has announced its unaudited results for the three-month period ended June 30, 2025, and the appointment of Gadi Levin as Chief Financial Officer (CFO).
The company reported cash and cash equivalents of US$3.6 million and no debt as of June 30, 2025. Total assets amounted to US$20.4 million, total liabilities were US$1.5 million, and total equity stood at US$19.0 million as of the same date. All warrants in the company have been cancelled or expired.
Eco Atlantic received the Governmental Title Award, Exploration Right, and Operatorship for Block 1 Offshore South Africa Orange Basin. The company is also due to receive an additional $11.5 million from Block 3B/4B JV partners upon reaching certain milestones.
The company is engaged in an active farmout process for the Orinduik Block in Guyana and is assessing options to progress its exploration work programs in Namibia. Gadi Levin has been appointed as CFO, succeeding Alan Rootenberg, who is retiring.
Gil Holzman, President and CEO of Eco Atlantic, expressed satisfaction with the company’s progress and welcomed Gadi Levin to his new role.
Contact:
Gil Holzman, Chief Executive Officer
Colin Kinley, Chief Operating Officer
Alice Carroll, Head of Corporate Sustainability
c/o Celicourt +44 (0) 20 7770 6424
Source: Eco (Atlantic) Oil and Gas Ltd.
