Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (March 2017)
23 slides from Eco (atlantic) Oil & Gas's investor presentation, March 2017
Slide 1: Investor Presentation
INVESTOR PRESENTATION March 2017 Gil Holzman, Chief Executive Officer Colin Kinley, Chief Operating Officer 1
Slide 2: Disclaimer
Disclaimer The information contained in these slides has been prepared by Eco (Atlantic) Oil & Gas Ltd (Company) in connection with the proposed placing (Placing) of common shares in the capital of the Company (Common Shares) and the proposed application for admission (Admission) of the entire commo
Slide 3: Overview
Overview Leading Namibian oil & gas explorer with licences located in highly prospective offshore regions in Africa and South America where significant oil discoveries have been made Interests in licences in prospective regions with limited cost exposure in politically stable and technically de-
Slide 4: Proven Track Record – Management Team
Proven Track Record – Management Team Moshe Peterburg Derek Linfield Non-Executive Chairman Non-Executive Director • Over 25 years of experience in Africa (Nigeria, Equatorial • Managing partner of global law firm, Stikeman Elliott Guinea, Ghana, Namibia and others) • Has practiced as a Canadian law
Slide 5: Portfolio Snapshot
Portfolio Snapshot Highly prospective licences being developed in partnership with major oil companies limiting risk exposure Guyana – Offshore Namibia – Walvis Basin • Orinduik Block – 1800 km2 • Interests in four offshore licence license blocks: • Eco: 40% WI, Tullow Oil: • Cooper – 32.5% WI 60% W
Slide 6: Strategy and Business Model
Strategy and Business Model Identify early stage Negotiate petroleum opportunities in agreements on “first- stable frontier in” competitive fiscal jurisdictions and and exploration prospective areas commitment terms Identify Acquire Deliver material value to shareholders through oil exploration, app
Slide 7: Projects: Guyana and Namibia
PROJECTS Guyana and Namibia Low entry cost highly prospective offshore oil projects in politically and fiscally stable frontier countries 7
Slide 8: Guyana-Suriname Basin - Snapshot
Guyana-Suriname Basin - Snapshot The deep-water Liza field is one of a handful of billion -barrel discoveries made in the last half-decade Second most Emerging oil prospective industry frontier offshore basin globally Exxon adds 100 Million Major oil Drilling Snoek Barrels in new Liza companies Exxo
Slide 9: World Class Liza and Payara Discoveries – Stabroek Block
‘‘World Class’’* Liza and Payara Discoveries – Stabroek Block Exxon Discoveries 2015 to 2017 Liza 1 Discovery Largest oil find 2015 May 2015 295 ft of pay oil bearing sandstone Liza 2 Discovery Second well drilled June 2016 190 ft of pay oil bearing sandstone Drilling Snoek Liza 3 Discovery Liza Dis
Slide 10: Eco Orinduik Block – Updip from Liza 1, 2, and Payara Discoveries
Eco Orinduik Block – Updip from Liza 1, 2, 3 and Payara Discoveries Located in the prospective Guyana Suriname-Basin, Less than 8 km from E x xo n ’s w o r l d c l a s s L i z a a n d Pa y a ra discoveries Adjacent to Liza and Payara discoveries Drilling Snoek Updip in same play from Liza field
Slide 11: Guyana – Mean Resources >900 MMBO
Guyana – Mean Resources >900 MMBO Maturing lead inventory in West Orinduik • Amatuk and Kurutuik leads identified • Potential targets at multiple levels • Additional leads under review • Cumulative mean resources: >900 million Bbls Maturing Tertiary Canyon Play in East Orinduik • Evaluation ongoing
Slide 12: Orinduik Prospects
Orinduik Prospects • Dual objectives in Maastrichtian & Companion • Shallow drilling to target ~3000 m • Proven system updip of Liza discoveries • Combination trap: Pinchout & updip faults • Excellent trapping potential • Reservoir is upper cretaceous slope channel turbidites • Equivalent deposition
Slide 13: Namibia - Snapshot
Namibia - Snapshot Highly active but underexplored oil and gas region Proven offshore petroleum system Major oil companies in the region Shell, Galp, Tullow, Repsol, OMV, Murphy Number 1 African investment destination* Favourable fiscal incentives Walvis Basin, Namibia – 2016 Slide supplied by Tullo
Slide 14: Eco – Walvis Basin Licences
Eco – Walvis Basin Licences Interest in four offshore licence blocks covering 2 22,500 km in the Walvis Basin, South West Africa The four licences all surround HRT prospects and oil is present in between HRT and Eco licences Adjacent to major farm-in activity including Tullow, Murphy, OMV, Rep
Slide 15: Namibian Licences – Major Partnerships
Namibian Licences – Major Partnerships Partner Working Interest Approximate Paying Interest Major oil company with revenue (2014A) of $2.2 Eco (Operator) 32.5% Carried through drilling by Tullow billion, pre-tax operating cash flow of $1.5 billion Tullow Oil 25% - 40% 78% on Well, 3D is complete Coo
Slide 16: Namibia – Licence Block Highlights
Namibia – Licence Block Highlights Cooper Sharon Guy Tamar Block Size 5800 km2 (acres: 1,235,000) 5700 km2 (acres: 1,235,000) 5700 km2 (acres: 1,235,000) 7500 km2 (acres: 2,167,114) 1500 m to 3000 m depth (east Water Depth <100 m to 500 m+ 100 m to 500 m 2500 m to 3000 m+ side targeted) 5 years + 2
Slide 17: Namibia – Present Activity
Namibia – Present Activity 1100 km2 3D seismic survey completed in November 2014 by PGS, using proprietary high resolution GeoStreamer technology Cooper Block: Approximate cost of the survey, processing and interpretation CND $11 m 3D Seismic Data being interpreted by Tullow’s exploration grou
Slide 18: Why Eco Oil & Gas?
Why Eco Oil & Gas? PROVEN STRATEGY GLOBAL PARTNERSHIPS DE-RISKED Operating in stable jurisdictions Identify early stage opportunities Significant partnerships with with good track record of with upside potential major oil companies cooperating with the local government EXPERIENCED HIGHLY PROSEPCTIVE
Slide 19: Contact Information
Contact Information Gil Holzman Colin Kinley Chief Executive Officer Chief Operating Officer Tel: +1 (416) 250 1955 Tel: +1 (913) 851 0433 Mob: +972 (50) 888 4529 Mob: +1 (913) 221 2996 Email: gil@ecooilandgas.com Email: colin@ecooilandgas.com Canada Office: 181 Bay Street, Suite 320, Brookfield Pla
Slide 20: Advisors
Advisors BROKER BROKER NOMINATED & FINANCIAL ADVISER BRANDON HILL CAPITAL LIMITED PETERHOUSE CORPORATE FINANCE STRAND HANSON LIMITED 1 Tudor Street London EC4Y 0AH 15 Eldon Street, London, EC2M 7LD Tel: +44 26 Mount Row London W1K 3SQ Tel: +44 (0) Tel: +44 (0) 20 3463 5000 Fax: +44 (0) 20 3463 (0) 2
Slide 21: Guyana/Namibia – Stable Investment Destinations
Guyana/Namibia – Stable Investment Destinations Guyana Namibia • Well endowed with natural resources: • Namibia recognised as the top emerging market • Oil in Africa (Bloomberg 2013) • Gold • Fertile agricultural lands • One of the most favourable fiscal regimes in Africa • Extensive tropical forest
Slide 22: Liquidity Comparison
Liquidity Comparison The directors believe that “London is one of the major financial centres” Global financial hub Optimal time zone to deal with Africa and with financial markets in the East and in North America Expected access to wider pool of capital As a result, greater liquidity 22
Slide 23: In The Press
In The Press Upstream, 16/11/2016 Forbes 12/1/2017 Offshore Energy Today, 21/05/2013 City AM 9/1/2017 Financial Times, 14/04/2016 World Oil, 21/7/2015 Offshore, 06/30/2016 Daily Telegraph 9/1/2017 23
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