January 2013 Corporate Presentation 18 Billion Barrels of Prospective Resources Offshore Namibia 1
Eco Atlantic Profile Emerging Oil and Gas Company Second largest acreage holding onshore and offshore Namibia, dual listed on the TSXV and NSX under EOG Highly Experienced Team Experience in capital markets, African oil & gas, with…
Namibia Economic Profile GDP: US15.5 billion (2011 estimate) Annual Growth: 3.6% (2011 estimate) Population: 2.17 million (2012 estimate) Inflation: 5.3% (September 2011) Major trading partners: South Africa, Angola, UK, Spain,…
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 Eco Atlantic Oil & Gas Walvis Basin 18 Billion Barrels of Prospective Oil NAMIBIA HRT 4 Wells planned 2013 Chariot Central Blocks Delta Prospect drilled…
Walvis Basin Potential The Oil Kitchen Eco Atlantic 18 Bbbl Prospective Resources on three blocks offshore 3D seismic program commence 2013 Repsol/Tower/ Arcadia Repsol farm-in 44% working interest HRT 1.1Bbbl Prospective…
Eco Atlantic Geo Profile Palaeocene / Neogene shales Tight deepwater carbonates Seal Mobile salt pockets / volcanics () Cretaceous intraformational shales Palaeocene-Miocene channel systems Reservoir AlbianMaastrichtian…
Regional Drilled Wells Well 2313/5-1: Shark Prospect drilled for Kudu type target. Section was sand and no seal was encountered. This was first penetration of the syn-rift and proved that syn-rift is clastic. It was not drilled to…
Reservoir Maastrichtian Turbidite Lower Cretaceous Shallow Fans: Can be identified on Carbonates: Have been Berremian Sands: Initial the existing seismic recorded on the outer rift highs rifting led to the coverage and have been…
Lower Tertiary Channel Systems Sediment most likely input directions into the Walvis Basin are from North and East: Kaoko, Otavi and Etendeka Sediments. Luderitz is probably sourced from the Eastern Kalahari and South Eastern…
Seals Cretaceous Seals Corporate Seal Cenozoic Seals 14
Traps Stratigraphic Traps: Structural Traps: Tilted Turbidite Fan Systems, Fault, Anticlines, Prograding Clinoforms, Horsts and Slumps Low stand Sand Wedges, Channel Systems 15
Fugro Slick Report 16
Slick Research 17
Increasing Activity Offshore Announcement Date Transaction NAMIBIA OFFSHORE License Serica Energy Issues NAMCOR 6 Nov, 2012 NAMCOR now holds 3.28% in Serica 2512A, 2513A, 2513B and million shares 2612A Cowan pays N50m to explore…
Peer Comparables 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 87.0 0.0 10,639 0.00 Eco Atlantic 3D seismic 2013/…
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…
Guy Technical Highlights P50 (Best) Probabilistic Estimate: Eco Operator and 70% working interest 9.2 Billion Barrels of Prospective Conventional oil targets Resources Water Depth: 2,000 to 3,500 m range Depth: 3,500 to 5,100 m to…
Sharon Technical Highlights P50 (Best) Probabilistic Estimate: Eco Operator and 70% working interest 7.79 Billion Barrels of Prospective Conventional oil targets in the Walvis Basin Resources Shallow water over targets: 150 m range…
Cooper Technical Highlights Eco Operator and 70% working interest P50 (Best) Probabilistic Estimate: Conventional oil targets 1.15 Billion Barrels of Prospective Shallow water over targets: 400 m range Resources Shallow resource…
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…
Exploration Budget Schedule & Expenditures Over three Years Attributable Eco Fiscal Year 1 2D Seismic program acquisition & 4.5million 4.5million (Completed) interpretation, desktop studies & Environmental Impact Study Fiscal Year 2…
Corporate Overview Eco Atlantic TSX-V: EOG, NSX:EOG (as at November 19, 2012) Share Structure Number of Shares Shares Issued and Outstanding 68,959,661 Warrants 5,290,756 Options 5,040,000 Total Shares Fully Diluted 79,290,416 Cash…
Contact Information Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada Colin Kinley 120 Adelaide Street West, Suite 1204 Chief Operating Officer Toronto, Ontario colinecooilandgas.com M5H 1T1 Julia Maxwell…
Appendices 28
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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