ECO ATLANTIC OIL & GAS OFFSHORE NAMIBIA AND GHANA PROSPECTIVE LARGE ACREAGE OIL BLOCKS SEPTEMBER 2014
ECO ATLANTIC: Investment Profile GHANA TSX-V LISTED OIL AND GAS EXPLORER focused on projects in politically stable and technically de-risked countries in Africa OPERATOR AND MAJOR INTEREST OWNER of prospective license blocks in…
AFRICA: A Wealth of Potential 735 The IMF predicts that six of the ten fastest growing economies from 2011 to 2015 will be located in Sub-Saharan Africa. 2000 2010 169 Sub-Saharan Africa's World Trade US Billion Today:…
GHANA: Gateway to Western Africa One of the top 10 fastest growing economies in the world Recently strengthened by sound management, a competitive business environment, and sustained reductions in poverty levels Expected…
GHANA GHANA: Prospective Oil Block Tano Cape Three Points Deep Water offshore block covering 944 Klms2 with water depth between 800m and TANO CAPE THREE POINTS DEEP WATER 2,000m Previously explored by Hess/ENI 15km…
GHANA: Eco AZ Three Points Deep Water
GHANA: RMS Time Slice TEN/Jubilee Complex TEN is approximately 30 Klms to Jubilee Eco is approximately 15 Klms SE of Jubilee Time Slice at Turonian Level - Shows the abundance of sand with oil indicators
GHANA: Structure Map Hess Ankobra 1 Hess Drilled Ankobra Well 1, located on the Eco Block in 2008. Deemed non-commercial, however gas shows were noted in all the objective zones. The structure at top Cenomanian shows two major…
GHANA: Block Ownership Deepwater Cape Three Points West Significant African petroleum trader Eco (Ghana) - Operator 50.51% Government company A-Z Petroleum Products Ltd. 27.79% promoting exploration, development, and Production…
NAMIBIA: Top African Emerging Market Rated top African emerging Market 2013 by Bloomberg Low political risk Long history of resource tenure security Encouraging international foreign investments Sparsely Populated: 1.5 times…
NAMIBIA NAMIBIA: Prospective Oil Blocks COOPER Three offshore license blocks covering 28,500 km in the Walvis DANIEL Basin adjacent to major farm-in activity including Repsol, Tullow, BP, Galp SHARON GUY 21.5 Billion Barrels…
NAMIBIAN BLOCKS: Participating Interest & Major Partners Major oil company with industry leading global Cooper exploration acreage and 1.9B cash flow in 2013 Eco (Operator) 45% (30% on drilling) 60% of 3D seismic on Cooper block…
WALVIS BASIN: Proven Petroleum System COOPER GUY Wingat-1 SHARON HRT: Wingat-1, Murombe-1: Wingat/Murombe drilled 2013 Oil Seeps/Fugro Slick Report Two different high quality source rocks in Eco Blocks surround HRT oil…
NAMIBIA: License Block Highlights Cooper Sharon Guy Block Size 5,000 km2 (acres: 1,235,000) 10,000 km2 (acres: 2,471,000) 10,000 km2 (acres: 2,471,000) Water 200 m to 500 m 0 m to 200 m 2,000 m depth (east side targeted) License…
PROVEN MANAGEMENT EXPERTISE 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 and development…
CORPORATE SNAPSHOT Eco (Atlantic) Oil & Gas Ltd. Analyst Coverage Price Trading Symbol: EOG M Partners BUY 1.60 Exchange Listings: Toronto Venture Dundee Capital Markets BUY N/A Namibia Share Structure Shareholders Shares…
WHY ECO ATLANTIC Stable jurisdictions with strong local presence and government relations Ghana block in close proximity to prolific producing oil field Namibian blocks adjacent to major farm-in activity 21.5 Billion barrels of…
CONTACT INFORMATION Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada Alan Friedman 120 Adelaide Street West, Suite 800 Founder, Director and EVP Toronto, Ontario alanecooilandgas.com M5H 1T1…
TECHNICAL HIGHLIGHTS SEPTEMBER 2014
GHANA: Eco AZ Three Points Deep Water Highlights Block Size 944 km2 (acres: 233,267) 1500m to 1700m Water Drilling depth 2700m to 4500m 1500m to 1700m Drilling depth 2700m to 4500m License Terms 50.51% Working Interest, 3 years + 2…
GHANA: Field Activity Map Eco
GHANA: Source Rock/Trap/Seal The key source rocks for the Cape Three Points Basin are: Santonian-Coniacian marine source rocks with 2-5% TOC and containing Type II andType II-III kerogen, Cenomanian-Turonian marine with more than…
GHANA: Oil Window, Play Type and Location Eco Block Schematic cross section of the Tano Basin showing the oil window and migration pathways. All three play types can be expected on the Eco AZ CapeThree Points Deep Water Block.
GHANA: Jubilee Area Section Cross section below shows the massive size of the Jubilee discovery The Eco block shows similar geology and sits just to the right of the cross section
GHANA: Seismic Section Ankobra 1 The section below is on the Eco AZ Cape Three Points Deep Water Block and goes through the Ankobra well drilled by Hess. This confirms the well drilled off structure. Slide shows multiple undrilled…
GHANA: Eco Plays Exceptional favorable coincidence of regional geological factors Rich source rocks deposited and matured for oil Tectonics and structural geology establish framework for focusing charge World class turbidite…
GHANA: Jubilee Discovery Well Log Mahogany 1 (Jubilee Field) Discovery Well IHS Top 10 Discovery in the World 2007 Stacked turbidites of Turonian age Net oil pay 95m (300) Individual pays up to 35m (100) thick Excellent…
COOPER LICENSE: Block 2012A Offshore Block Size 5,000 km2 (acres: 1,235,000) Access Floater Current: 55% working interest, 4 yrs + 2 renewal terms of 2 years Cooper License Potential: 40% working interest if exploration well drilled…
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%…
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…
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…
NAMIBIA: Recent Activity 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 and…
GHANA: Table of Discoveries Discovery / Field Year Discoverer Discovery Well On/Offshore Oil/Gas Signal-Amoco Offshore Saltpond 1970 10-1 Oil Consortium Phillips Tano South 1978 - Offshore Oil & Gas Petroleum Phillips Tano…
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