Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (March 2020)
17 slides from Eco (atlantic) Oil & Gas's investor presentation, March 2020
Slide 1: An Atlantic Margin Focused Company
An Atlantic Margin Focused Company Conquering New Frontiers – Guyana and Namibia
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 Portfolio
Eco Atlantic’s Portfolio Atlantic Margin Plays – Offshore Guyana and Namibia 5 Exploration Licenses Guyana – Orinduik Block Namibia – Cooper, Guy, 1,800 km2 Orinduik Block, 15% Tamar & Sharon Blocks Working Interest Partnered with Large Operated interests in four Tullow Oil 60% (Operator) and offsho
Slide 4: Company Overview
Company Overview An Atlantic Margin focused company creating shareholder value through a rich portfolio of prospects and opportunities in Guyana and Namibia Exploration Success Strong Financials Two major oil discoveries from two wells in Guyana Strong balance sheet with no debt Geological Play open
Slide 5: Strong Board and Management Team
Strong Board and Management Team Significant experience in establishing, growing, financing and monetizing O&G companies across Africa and South America Moshe Peterburg (Non-Executive Chairman) Keith Hill (Non-Executive Director) • Over 25 years of experience in Africa (Nigeria, Equatorial Guinea, •
Slide 6: Guyana
Guyana
Slide 7: Guyana's newly discovered offshore potential
Guyana’s newly discovered offshore potential Over 8 Billion Barrels of recoverable resource discovered in less than 5yrs – high value barrels Guyana • Only English-speaking South American country • High quality geology • Member of the Commonwealth of Nations • Non-OPEC barrels • Common Law system ba
Slide 8: Orinduik block has substantial potential
Orinduik block has substantial potential Two discoveries from two wells in 2019 have tested less than 10% of the Block’s substantial potential 2020-21 Activities • Integrate local well data and reprocessed seismic datasets into geological and geophysical models • Further drilling to test significant
Slide 9: 2019 Guyana Well Results
2019 Guyana Well Results De-risk further prospects and qualify seismic interpretation ORINDUIK: JETHRO-1 & JOE-1 RESULTS1 55m & 16m net pay oil discoveries in Tertiary ~11.5-14°API (heavy oil) ~4.5% sulphur Tullow Oil (Op) 60% | Eco 15% | Total 25% • Both discoveries confirm geological model and sei
Slide 10: Multi-Billion Barrels Prospectivity
Multi-Billion Barrels Prospectivity Independent CPR in February 2020 indicates 771.2 mmboe net to Eco1 Gross Unrisked Prospective Oil Lead Risk POS% 1 Resources (P50) Gross Prospective Oil, Net Prospective Oil, MMBOE Jethro 208.3 100.00 Equivalent Resources Equivalent Resources Hammerhead 15 81.00 J
Slide 11: Orinduik Block play diversity
Orinduik Block play diversity 2019 wells demonstrated scale and play diversity Potential next well locations 11
Slide 12: Namibia
Namibia
Slide 13: The Next Exploration Hot-Spot
The Next Exploration Hot-Spot Highly prospective offshore oil province Namibia • Vast, underexplored hydrocarbon province; huge prospectivity • Stable political environment and supportive government • Existing infrastructure and Deepwater ports • Favourable fiscal regime (lowest Government Take in S
Slide 14: Offshore Namibia – Walvis Basin Blocks
Offshore Namibia – Walvis Basin Blocks • Interest in four offshore Blocks covering 22,500km2 in the Walvis Basin, Operator of PELs 30, 33 & 50 • HRT recovered Light Oil (41⁰API) to surface in 2013 now the ExxonMobil/GALP Block Walvis Basin, and there were Hydrocarbon shows Tullow and Chariot license
Slide 15: Strategic Partnerships & 'Creative Funding'
Strategic Partnerships & ‘Creative Funding’ 2017 2018 2019 In 2017 Africa Oil Corp. Raised US$17 million invested CAD $14m in Eco through oversubscribed and formed a Strategic placing and subscription Alliance to seek new 16,159,695 new common exploration opportunities shares2 together1 1. Africa Oi
Slide 16: Investment Case
Investment Case A transformational company in 2019 with multiple catalysts for more success 2020 and beyond ▪ First in Strategy, and highly prospective exploration inventory ▪ Upcoming third party drilling activity in Namibia and Guyana ▪ Technical & Economical evaluations of the two successful 2019
Slide 17: Company Contact Information
Company Contact Information Gil Holzman Colin Kinley Alice Carroll Chief Executive Officer Chief Operating Officer Head of Marketing and IR +1 (416) 250 1955 +1 (913) 851 0433 +44 (0)781 729 5070 gil@ecooilandgas.com colin@ecooilandgas.com alice@ecooilandgas.com Office 181 Bay Street, Suite 320 TSX-
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