Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (August 2022)
16 slides from Eco (atlantic) Oil & Gas's investor presentation, August 2022
Slide 1: Eco Atlantic
Seeking to create the most exciting exploration company in E&P Eco Atlantic Exploring for advantage barrels in countries that seek access to locally sourced energy
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE The information contained in this presentation (this "presentation") has been prepared by Eco (Atlantic) Oil & Gas Ltd ("the Company") as at the date of this presentation and is subject to updating, completion, revision, further verification and amendment without notice.
Slide 3: Eco Atlantic’s Offshore Exploration Portfolio
Eco Atlantic’s Offshore Exploration Portfolio Three Atlantic Margin basins – Offshore Guyana, Namibia and South Africa totalling 51,036km2 1 Guyana – Orinduik & Canje (JHI) 2 South Africa – 2B & 3B/4B 3 Offshore Namibia – Cooper, Guy, Tamar & Sharon Orinduik – Eco WI 15% Operator Tullow Oil 2B – WI
Slide 4: Strong Board and Management Team
Strong Board and Management Team Significant experience in establishing, growing, financing and monetizing energy companies across Africa and S. America Moshe Peterburg (Non-Executive Chairman) Keith Hill (Non-Executive Director) • Over 30 years’ experience in Africa (Nigeria, Equatorial Guinea, Gha
Slide 5: Company Overview – Progress to date
Company Overview – Progress to date Focused on creating shareholder value through a rich portfolio of prospects and opportunities Acquired Azinam Group and portfolio in Eco granted 4 offshore Namibia and S Africa. Low risk SA exploration blocks, HRT’s Wingat-1 Updated Guyana CPR: 29% Increase well p
Slide 6: Substantial stake in two basins offshore Africa – Walvis and Orange
Substantial stake in two basins offshore Africa – Walvis and Orange Shell | Qatar Energy | Namcor Block 2913A Graff-1 light oil Discovery Graff-2 Appraisal drilling underway TotalEnergies | QE| Impact Block 2913B Venus-1 light oil Discovery Eco | Africa Energy | Panoro Block 2B Gazania-1 Well, Maure
Slide 7: Positioning: in prospective Guyana-Suriname and Orange basins
Positioning: in prospective Guyana-Suriname and Orange basins Guyana blocks to scale in comparison to Orange basin blocks Stabroek 26,709km2 1 Block 2B & 3B/4B 20,643km2 Blocks 1. Hess, Mar 2022 – Investor Relations Presentation, slide 10 Stabroek block size 6.6 million acres Page 7
Slide 8: Near-term high impact catalyst: Gazania-1 Well
Near-term high impact catalyst: Gazania-1 Well Asset Summary – Block 2B Block 2B: Eco Atlantic 50% WI, Op Basin Orange Basin Well Name Gazania-1 Planned spud date September 2022 Drilling Rig Island Innovator (semi-sub) Water depth 150m First well prospect > 300 MMbbl1 Well cost estimate ~$30M Play t
Slide 9: South Africa Block 2B – oil already discovered
South Africa Block 2B – oil already discovered Drilling location will test both Namaqualand and Gazania Prospects 1. Original section from Africa Energy Corp. 2022, graphic modified by Eco Page 9
Slide 10: Potential implications of Venus & Graff – Prospectivity of 3B/4B
Potential implications of Venus & Graff – Prospectivity of 3B/4B Block 2B “TotalEnergies makes large oil discovery in Operator offshore Block 2913B”1 50% WI • TotalEnergies has made a 27.5% WI significant discovery of light oil and associated gas off the coast of 12.5% WI Namibia • At least 3 billio
Slide 11: 3B/4B geologically on trend with Venus & Graff discoveries
3B/4B geologically on trend with Venus & Graff discoveries Significant discoveries along trend: Block 3B-4B: Eco Atlantic 26.25% WI Venus-1, Graff-1 Offshore Namibia TotalEnergies Isochron Map Basin floor fan Shell Block 2912 1,880 km2 3D 2913A Venus Prospect ~600+ sqkm Graff Strong AVO anomaly Pros
Slide 12: Eco second largest acreage holder Offshore Namibia
Eco second largest acreage holder Offshore Namibia Significant acreage position – 28,593km2 • Two significant light oil discoveries announced in February 2022: • Graff-1 by Shell|QatarEnergy|Namcor, Woodmac assume base case of 700 million barrels of oil recoverable1 • Venus-1 by TotalEnergies|Impact
Slide 13: Guyana-Suriname Basin a World Class Frontier Hydrocarbon Province
Guyana-Suriname Basin a World Class Frontier Hydrocarbon Province Discovered recoverable resource estimate of over 10 billion barrels of oil equivalent to date1 Orinduik Block – Direct WI held since 2016 • 170 km offshore Guyana, block covers 1,800km2 adjacent and updip of the Stabroek Block • Eco h
Slide 14: Guyana: Strategic Exposure to Two Blocks surrounding Stabroek
Guyana: Strategic Exposure to Two Blocks surrounding Stabroek Orinduik Block and Canje Block multiple plays and prospectivity 1. 1. Tullow Oil, 9 Mar 2022 – Full Year Results Presentation Page 14
Slide 15: Eco’s Investment Case – High impact catalysts in 18–24 months
Eco’s Investment Case – High impact catalysts in 18 – 24 months Generating Value as one of the Most Exciting and Active Pure Play Exploration Company Discoveries & Premium Acreage Near-Term Exploration Catalysts Clear Growth Strategy Strong Financials Present in global hotspots, up to 8bn Several hi
Slide 16: Company Contact Information
Company Contact Information Gil Holzman Colin Kinley Alice Carroll Chief Executive Officer Chief Operating Officer Head of Corporate Sustainability gil@ecooilandgas.com colin@ecooilandgas.com alice@ecooilandgas.com Registered Office 7 Coulson Ave TSX-V: EOG LON AIM: ECO Toronto ON M4V 1Y3, Canada ww
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