Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG

Eco (atlantic) Oil & Gas — Investor Presentation (February 2016)

20 slides from Eco (atlantic) Oil & Gas's investor presentation, February 2016

  1. Slide 1: Eco Atlantic Oil & Gas Corporate Profile

    ECO ATLANTIC OIL & GAS CORPORATE PROFILE February 2016

  2. Slide 2: Forward Looking Statements

    FORWARD LOOKING STATEMENTS This presenta4on contains certain statements that may be deemed “forward-­‐looking statements”. All statements in this presenta4on, other than statements of historical fact, that address events or developments that Eco (Atlan4c) Oil & Gas Ltd. (“Eco Atlan4c”) expects to oc

  3. Slide 3: Eco Atlantic: Investment Profile

    ECO ATLANTIC: Investment Profile § TSX-­‐V LISTED OIL AND GAS EXPLORER focused on offshore projects in poli4cally stable and technically de-­‐risked countries: Namibia, Ghana, Guyana GHANA § WELL CAPITALIZED (C$4M) AND CARRIED on license obliga4ons § SIGNIFICANT INTEREST OWNER of 1,800 km² prospec4

  4. Slide 4: Guyana: Orinduik Block

    GUYANA: Orinduik Block • January 2016: Eco Atlan4c signed a Petroleum Agreement and is issued 40% WI in Guyana Offshore Petroleum License • Orinduik Block: 1,800 km², situated in shallow water, 170km’s offshore Guyana in the Suriname Guyana basin • Tullow Oil plc is operator and holds 60% WI Committed

  5. Slide 5: Guyana: Orinduik Block Close to Exxon Mobil Liza Discovery

    GUYANA: Orinduik Block Close to Exxon Mobil Liza Discovery • Orinduik block is adjacent to Exxon Mobil’s Stabroek Block (ExxonMobil 45%, Hess 30%, CNOOC 25%) • Liza-­‐1 discovery was made in May 2015. The Liza-­‐1 play is a turbidite sandstone in Cretaceous fans. • Well encountered 90m of high quali

  6. Slide 6: Guyana: Attractive Investment Opportunity

    GUYANA: A]rac^ve Investment Opportunity § Well endowed with natural resources, with fer4le agricultural lands, bauxite, gold, oil and extensive tropical forests § Economic performance has stabilized over the past 8 years, expanding by an average of 4%, which is partly explained by the commodity bo

  7. Slide 7: Namibia: Prospective Oil Blocks

    NAMIBIA NAMIBIA: Prospec^ve Oil Blocks COOPER § 5 offshore license blocks covering 41,500 km² in the Walvis and Luderitz Basins adjacent to major farm-­‐in ac4vity including Repsol, DANIEL Tullow, BP, Galp SHARON § 25.0 Billion Barrels P50 Prospec4ve Resources (1) Cooper: 4.5 billion barrels Sharon

  8. Slide 8: Namibian Blocks: Participating Interest & Major Partners

    NAMIBIAN BLOCKS: Par^cipa^ng Interest & Major Partners Cooper Block WI (%) Paying Interest (%) Tullow Oil -­‐ Major oil company with revenue (2014A) of $2.2 Eco (Operator) 32.5% Carried through Drilling billion, pre-­‐tax opera^ng cash flow of $1.5 billion Tullow Oil 25% -­‐ 40% 80% (op4onal) Paid fo

  9. Slide 9: Walvis Basin: Proven Petroleum System

    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 genera4ng window and Tullow targets § 4 oil samples of light grade

  10. Slide 10: Namibia: License Block Highlights

    NAMIBIA: License Block Highlights Cooper Sharon Guy Block Size 5,000km2 (acres: 1,235,000) 10,000km2 (acres: 2,471,000) 10,000km2 (acres: 2,471,000) Water Depth 200 m to 500 m 0 m to 200 m 2,000 m depth (east side targeted) License Terms 5 yrs + 2 renewal terms of 2 years 5 yrs + 2 renewal terms of

  11. Slide 11: Namibia: Previous PAO License Block Highlights

    NAMIBIA: Previous PAO License Block Highlights License 50 Block (2211Ba/2311a) License 51 (2612A) Block Size 8,070 km2 (acres: 1,994,140) 4,867 km2 (acres: 1,202,661) Water Depth 2,000 m to 3,000 m 2,000 m to 3,000 m License 2 more yrs + 2 renewal terms of 2 more yrs + 2 renewal terms of 2 Terms 2 y

  12. Slide 12: Namibia: Recent Activity

    NAMIBIA: Recent Ac^vity Cooper Block: 3D Seismic §1,100km² 3D seismic survey completed in November 2014 by PGS using proprietary high resolu4on GeoStreamer technology §Es4mated cost of the survey, processing and interpreta4on approximately C$11mm §Data to be interpreted by Tullow’s explora4on gro

  13. Slide 13: Namibia: Top African Emerging Market

    NAMIBIA: Top African Emerging Market § Rated top African emerging market economy in 2013 Brazil à Namibia Rela4onship Mirrored Geological Structures by Bloomberg (13th in the world) § Low poli4cal risk § Long history of resource tenure security § Encouraging interna4onal foreign investments §

  14. Slide 14: Ghana: Prospective Oil Block

    GHANA GHANA: Prospec^ve Oil Block § Ghana: One of Africa’s Top 5 fastest growing economies (1) TANO CAPE THREE POINTS § Ghana: Recent produc4on of DEEP WATER 110,000 barrels of oil per day expected to double by 2017 § Ghana: 700 million barrels of es4mated oil reserves Deepwater Cape Three Points

  15. Slide 15: Ghana: Tano Cape Three Points Deep Water

    GHANA: Tano Cape Three Points Deep Water 15

  16. Slide 16: Ghana: Positive Long-Term Prospects

    GHANA: Posi^ve Long-­‐Term Prospects § Recently announced a fiscal stabiliza4on strategy and reached an agreement with the IMF about a new program § Annual GDP growth expected to reach 7.8% in 2017 § Expected to double crude produc4on by 2017 § Even at low oil prices, the contribu4on of oil is ex

  17. Slide 17: Proven Management Expertise

    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, a resource investment and development company Gil Holzman (President & CEO, Director, Co-­‐Fou

  18. Slide 18: Why Eco Atlantic?

    WHY ECO ATLANTIC? § Well capitalized with C$4mm(1), significant carries on work expenditures over 12 months, low G+A GHANA § Stable jurisdic4ons with strong local presence and government rela4ons (Namibia named the top African emerging market by Bloomberg in 2013) § Guyana block in close proximity

  19. Slide 19: Corporate Snapshot

    CORPORATE SNAPSHOT Eco (Atlan^c) Oil & Gas Ltd. Shareholder Profile Exchange Lis4ngs: TSX Venture (EOG-­‐V), Namibia (EOG-­‐NA) 52wk Range: 0.08 -­‐ 0.25 Avg Vol (3m): 41,145 Market Cap: 19.37M Share Structure Share Structure Shares Issued and Outstanding (1) 88,054,399 Warrants 0 Op4ons 7,891,052 Fu

  20. Slide 20: Contact Information

    CONTACT INFORMATION Eco (Atlan^c) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada 120 Adelaide Street West, Suite 800 Gil Holzman Toronto, Ontario Co-­‐ Founder, Director, President and CEO M5H 1T1 Ph. +972.508884529 gil@ecooilandgas.com www.ecooilandgas.com Alan Friedman Co-­‐ Founder, Dir

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