April 2013 TMX Presentation 18 Billion Barrels of Prospective Resources Significant Upside Potential 1
Eco Atlantic Investment Profile Emerging Oil and Gas Company Second largest acreage holding onshore and offshore Namibia Dual listed on the TSXV and NSX (Namibian Stock Exchange) under EOG Excellent Growth Potential Three offshore…
The Team: Africa, Oil 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, a resource investment and…
Offshore Licenses Namibe Basin Repsol/Tower/ Arcadia Repsol Farm in 44% WI Westbridge Energy 22,400 km2 exploration license, partner search Pan Africa Oil Walvis Basin 1,750 km2 of seismic completed Eco Atlantic Oil & Gas 18…
Walvis Basin Potential The Oil Kitchen Eco Atlantic 18 Bbbl Prospective Resources on three blocks offshore 3D seismic program commence 2013 Repsol/Tower/ Arcadia NAMIBIA Repsol farm-in 44% working interest HRT 3.68 Bbbl…
Corporate Snapshot Analyst Coverage Price Cormark Eco (Atlantic) Oil & Gas Ltd. Securities 2.00 Trading symbol: EOG Clarus Securities 3.00 Trading Platform: Toronto Stock Exchange (V) Namibian Stock Exchange M Partners 3.50…
Liquidity Eco Atlantic average daily volume: 56,820 Small Cap Average daily volume: Taipan Energy: 88,217 Serica Energy: 4,250 Vanoil Energy: 31,625 Petro Viking: 33,222 Energulf: 22,965 11
Market Performance Comparables All peers underperform due to market conditions Eco maintains strong position among competitors Conservative spending, cashed up, tightly held, only 69M shares outstanding Opened at 0.60 November…
Increasing Activity Offshore NAMIBIA OFFSHORE Announcement Date Transaction License Westbridge Energy farms into Feb 6, 2013 WEB entered into LOI with Ropat Petroleum 1911A, 1912B, 1910A & Namib and Walvis Basin majority interest,…
Two Drilling Prospects Walvis Basin HRT Spudded Wingat prospect 25th March 2013 First of two wells planned in Walvis Target 1: Wingat 775 MMbbl (HRT 86% GALP 14%) DHC: 78 million COS: 27% Target 2: Murombe 2.9 Bbbl (HRT 86% GALP…
Fugro Slick Report 15
Slick Research 16
Peer Comparables Eco Atlantic Opportunity Company Ticker Market Cap Enterprise Unrisked Net EV/Unrisked Notes CAD (MM) Value (MM) Resources Resources (MMbl) (/bbl) Chariot Oil & Gas Drilling 2013 CHAR.AIM 64.34 0.0 10,639 0.00…
3D Survey Company Milestones Farmout August 2012 Guy 2D Nov 2012 Drilling Acquired addl Private Placement 615 Klms of 2D Raised 3.23M July 2012 0.40/unit Operational Highlights Slick Data April 2012 Acquired oil Slick NSX…
Why Eco Atlantic 18 Billion barrels of prospective oil resource offshore Namibia in the prolific Walvis Basin Oil Kitchen Low cost entry into region with significant upside potential, undervalued in comparison to peers Experienced…
Contact Information Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada Gil Holzman 120 Adelaide Street West, Suite 1204 Chief Executive Officer Toronto, Ontario gilecooilandgas.com M5H 1T1 Julia Maxwell Namibia…
Appendices 21
Farm In Partners Azimuth Ltd. 20% Working Interest / 40% carry A well-funded company with the technical capabilities of a mid cap E&P firm. Backed by majority-owner Seacrest Capital Ltd, a Bermuda based energy investment group…
Namibia Basins Onshore & Offshore 23
Cooper License Block 2012A Offshore Block Size: 5,000 km2 (acres: 1,235,000) Access: Floater License: 70% working interest, 4 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10% WI Water: 200 m to 500 m Target:…
Sharon License Blocks 2213A & 2213B Offshore Block size: 10,000 km2 (Acres: 2,471,000) Access: Jack-up License: 70% Working Interest, 4 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 0 m to 200 m…
Guy License Blocks 2111B & 2211A Offshore Block Size: 10,000 km2 (Acres: 2,471,000) Access: Semi/floater License: 70% working interest, 4 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 2,000 m depth…
Block 2013B, 2014B, 2114 & 2418 Onshore Block Size: 30,000 km2 (Acres: 7,413,000) Access: Truck mounted mobile drilling rig License: 90% Working Interest, Eight years Partner: NAMCOR, 10% Target: Karoo Coal and Shale Sequence…
Local Namibian Participation Eco Atlantic acquired Namibia local company, Eco Oil & Gas Namibia ltd., holding license applications, for consideration of 20% of Eco Atlantic Oil & Gas Only Namibian petroleum company to list on…
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