CORPORATE PRESENTATION 21.5 Billion Barrels of Prospective Resources Significant Upside Potential August 2014
ECO ATLANTIC INVESTMENT PROFILE Experienced Team Emerging Oil and Gas Company Dual listed on the TSX-V and NSX (Namibian Stock Exchange) under symbol EOG Largest acreage holding in Walvis Basin, offshore De-Risked Namibia Growth…
CORPORATE SNAPSHOT Analyst Coverage Price Eco (Atlantic) Oil & Gas Ltd. GMP Securities HOLD 0.37 Trading Symbol: EOG Exchange Listings: Toronto Venture M Partners BUY 1.60 Namibia Dundee Capital Markets BUY N/A Share Structure…
THE TEAM: Africa & Oil Exploration Experience Moshe Peterburg (Chairman, Co-Founder) Over 25 years of experience in Africa (Nigeria, Equatorial Guinea, Ghana, Namibia and others) Founder and Chairman of GP Minerals, resource investment…
NAMIBIA INVESTMENT PROFILE GDP: US16.77 billion (2012) Annual Growth: approx 4.5% (2012) Population: 2.32 million (2012) Inflation: 6.5% (2012 average) Major trading partners: South Africa, Angola, UK, Spain, Japan, China and…
MAJOR INVESTMENT ACTIVITY OMV Group 30,000 employees worldwide; 10.4B market cap March 2014: acquired 45% working interest in Cowan Oil & Gass licenses in the Walvis Basin NAMIBIA Murphy Oil 1,500 employees worldwide; 10.9B market…
WALVIS BASIN Oil Kitchen Eco Atlantic 21.5 total billion barrels of prospective oil * Cooper: 4.5 billion barrels (Tullow 25% WI) 3D seismic program to commence late 2014 Sharon: 7.79 billion barrels Guy: 9.02 billion barrels…
WALVIS BASIN Proven Petroleum System ECO: GUY BLOCK Wingat-1 ECO: SHARON BLOCK HRT: Wingat-1, Murombe-1: Oil proven, sub commercial Wingat drilled May 2013, Murombe drilled July 2013 De-risks basin, better understanding…
OIL SEEPS/FUGRO SLICK REPORT Eco blocks (Cooper, Sharon, Guy) surround HRT and Tullow targets to the East, West and North Oil seeps confirm similar geological structure as EOG Sharon block EOG Blocks Turbidite play, similar to…
COMPANY MILESTONES EXPLORATION Completed Revised Cooper NI 51-101 Feb. 2014 Best Estimate (P50) 4.5M Bbbl oil CORPORATE Dec. 2013 Completed Cooper PGS Report July 2014 Farm-out of additional 10% WI to Azinam Aug. 2013 Sharon and Guy…
FARM-IN PARTNERS: Tullow Oil Strong cash flow supported by pipeline of future oil projects 1.9B cash flow in 2013 200 mmboe average resource add over the past 7 years Industry leading exploration acreage position in South America,…
FARM-IN PARTNERS AZINAM Sharon: 20% Working Interest /40% Carry of Eco Atlantic 3D Guy: 30% Working Interest /51% Carry of Eco Atlantic 3D A well-funded company with the technical capabilities of a mid cap E&P firm Backed by…
BLOCK OWNERSHIP NAMIBIA GHANA Cooper Deepwater Cape Three Points West Operator Eco Operator Eco 45% free carried interest (reduced to 30% if Tullow Eco farms in further) Eco (Ghana) 50.51% working interest 25% working interest…
COOPER LICENSE Block 2012A Offshore Block Size 5,000 km2 (acres: 1,235,000) Access Floater Cooper Current: 55% working interest, 5 yrs + 2 renewal terms of 2 years License License Potential: 40% working interest if exploration well…
COOPER TECHNICAL HIGHLIGHTS Eco Operator and 55% working interest Conventional oil targets Shallow water over targets: 500m range P50 (Best) Probabilistic Estimate: Shallow resource targets : 2,000m to 2,500m range 4.5 Billion…
SHARON LICENSE Blocks 2213A and 2213B Offshore Block Size 10,000 km2 (acres: 2,471,000) Access Jack-Up License 70% working interest, 5 yrs + 2 renewal terms of 2 years Partners Azimuth Ltd. 20% WI, NAMCOR 10% WI Water 0 m to 200 m…
SHARON TECHNICAL HIGHLIGHTS Eco Operator and 70% working interest Conventional oil targets in the Walvis Basin Shallow water over targets: 150 m range Shallow resource targets : 2,600 m range P50 (Best) Probabilistic Estimate: 7.79…
GUY LICENSE Blocks 2111B and 2211A Offshore Block Size 10,000 km2 (acres: 2,471,000) Access Semi/Floater License 60% working interest, 5 yrs + 2 renewal terms of 2 years Azimuth Ltd. 30% WI (51% 3D seismic carry) , NAMCOR 10% Partners…
GUY TECHNICAL HIGHLIGHTS Eco Operator and 60% working interest Conventional oil targets P50 (Best) Probabilistic Estimate: Water Depth: 2,000 to 3,500 m range 9.02 Billion Barrels of Prospective Resources* Depth: 3,500 to 5,100 m to…
DANIEL LICENSE Blocks 2013B, 2014B, 2114 Offshore/Onshore Onshore/Offshore Block Size 5,600 km2 (acres: 1,383,790) Access Jack-Up Daniel License License 90% working interest, 8 yrs Partners NAMCOR 10% WI Tertiary Fan (1,500m…
LOCAL NAMIBIAN PRESENCE Acquired local Namibian company, holding license applications, for consideration of 20% of Eco Atlantic Oil & Gas Only Namibian petroleum company to list on Namibian Stock Exchange Corporate office in Windhoek,…
NAMIBIAN LISTING: NSX:OEG First and only company focused on Oil and Gas listed on the Namibian Stock Exchange Committed to Namibia and the development of the local economy Gain access to Namibias large captive savings pool for…
Recent Activity in Namibia Announcement Date Transaction License Tullow Oil farms-in to Eco Atlantic Oil & Gas in July 2014 Tullow acquires 25% WI in Ecos block in the Walvis Basin. Carry 2012A Walvis Basin balance of 3D seismic cost…
GHANA July 2014: Eco Atlantic enters into Petroleum Agreement with Republic of Ghana Eco may acquire a 50.51% working interest in the Deepwater Cape Three Points West Block, located in the Tano Cape Three Points Basin Partners in…
WHY ECO ATLANTIC 21.5 Billion barrels of lead prospective oil resource offshore Namibia Proven Petroleum System with light grade oil in prolific Walvis Basin Blocks contiguous with Tullow, Repsol and HRTs recent oil discovery…
CONTACT INFORMATION Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada Gil Holzman 120 Adelaide Street West, Suite 800 Chief Executive Officer Toronto, Ontario gilecooilandgas.com M5H 1T1 Namibia Office:…
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