Eco Oil & Gas acquired remaining shares in Pan Africa Oil Namibia from Amis Oil and Gas.

Eco (Atlantic) Oil & Gas, the independent oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, acquired remaining shares in Pan Africa Oil Namibia from Amis Oil and Gas. Pursuant to the terms of the Acquisition, Eco will issue 300k common shares to Amis. "We are very pleased to announce the completion of this transaction, which simplifies our corporate structure, bringing all of our subsidiaries under Eco Atlantic's sole and wholly owned ownership. Following the Company's acquisition of the minority interest in Eco (Atlantic) Guyana Inc. announced earlier this year, this transaction further simplifies our corporate structure, and aligns all stakeholders into the ultimate parent company thus enables us to better manage each of our subsidiaries and their respective held licenses in preparation for future potential developments and transactions." Gil Holzman, Eco Atlantic President and CEO.