Mr. Gil Holzman reports

ECO (ATLANTIC) OIL AND GAS LTD. ANNOUNCES DIRECTORS' DEALINGS AND TOTAL VOTING RIGHTS

Eco (Atlantic) Oil & Gas Ltd. has been notified of the purchases of common shares in the company, shown in the attached table, by its directors.

Total voting rights

Separately, the company would like to clarify its total voting rights position as stated in previous announcements. On Feb. 28, 2019, and Aug. 23, 2019, the company announced that it had awarded, in aggregate, 6.03 million restricted share units (RSU) and that all of these RSUs had vested immediately and converted into common shares. The company now wishes to clarify that 130,000 of these RSUs have yet to be converted into common shares. Following the exercise of options at a price of 30 cents of Oct. 24, 2019, by an external consultant, announced on Nov. 20, 2019, a further 178,750 common shares have been issued. Application has been made for an additional 48,750 common shares pursuant to the option exercise (in light of the 130,000 unexercised RSUs), which will rank pari passu with existing common shares, to trading on AIM and it is expected that admission will become effective and trading will commence at 8 a.m. on Nov. 28, 2019.

Following admission, the enlarged issued share capital of the company will be 184,447,723 common shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the disclosure and transparency rules.

About Eco (Atlantic) Oil & Gas Ltd.

Eco is an oil and gas exploration and production company with interests in Guyana and Namibia, where significant oil discoveries have been made.

The group aims to deliver material value for its stakeholders through oil exploration, appraisal and development activities in stable emerging markets, in partnership with major oil companies, including Tullow, Total and Azinam.