Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (March 2018)
22 slides from Eco (atlantic) Oil & Gas's investor presentation, March 2018
Slide 1: Namibia and Guyana: Building an Atlantic Margin Focused Company
Namibia and Guyana Building an Atlantic Margin Focused Company Corporate Presentation March 2018 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: Eco Atlantic – Frontier Plays Guyana and Namibia
Eco Atlantic – Frontier Plays Guyana and Namibia 3
Slide 4: Eco Portfolio Snapshot
Eco Portfolio Snapshot Highly prospective licences being developed in partnership with major oil companies limiting risk exposure Guyana – Offshore Namibia – Offshore • Orinduik Block -1800 km2 • Four Walvis Basin Offshore Blocks: • Eco: 40% WI (NonOperated) •PEL 30 - Cooper – 32.5% WI (Operator) •
Slide 5: Strong Board and Management Team
Strong Board and Management Team Moshe Peterburg Keith C. Hill Non-Executive Chairman Non-Executive Director • Over 25 years of experience in Africa (Nigeria, Equatorial • Currently President and CEO of Africa Oil Corp., Director of Guinea, Ghana, Namibia and others) Africa Energy and Chairman of Pe
Slide 6: A Strategic Partner: Africa Oil Corp. (TSX: AOI)
A strategic Partner: Africa Oil Corp. (TSX: AOI) Africa Oil Corp. recently invested CAD $14m in Eco Atlantic and is a ~19% shareholder of the Company. Currently with over $400m cash in hand has formed a Strategic Alliance with Eco Atlantic to seek new mutual exploration opportunities • Africa Oil Co
Slide 7: Namibia
Namibia Highly Prospective Offshore Oil Province Favorable Fiscal terms Politically stable Established Partners Recent country entry by majors Near term increasing exploration activity 7
Slide 8: Namibia - Snapshot
Namibia - Snapshot Highly Active Underexplored Oil and Gas region Proven Offshore Petroleum System 2013 HRT Wingat-1 Well Recent Farm-in and New Entries: Exxon, Shell Galp, Tullow, Repsol, Total, ONGC Videsh Near Term Drilling Activity Planned 2018 and 2019. PL37 Tullow Spud Sept/18 Walvis Basin Nam
Slide 9: Eco – Walvis Basin Licences
Eco – Walvis Basin Licences Cooper 3D Shot Tullow PL37 Drill Ready Drilling 9/18 Interest in four offshore blocks covering 2 22,500 km in the Walvis Basin, South West Africa Four licences surrounding HRT prospects. Oil is Guy 3D Shot GALP shows on the HRT licences Drill Ready ExxonMobil 2.36 Bil
Slide 10: Cooper Block Highlights
Cooper Block Highlights • ONGC Videsh conditionally agreed to acquire 15% interest in PEL 0030 “Cooper Block” from Tullow Oil, offshore Namibia subject to certain conditions. • Post Acquisition: WI in the Cooper: Eco (Operator): 32.5%; NAMCOR: 10%; AziNam Ltd: 32.5%; OVVL: 15% Tullow Oil: 10.0%* Tul
Slide 11: Namibia – Block Highlights
Namibia – Block Highlights Cooper Sharon Guy Tamar Block Size 5800 km2 5700 km2 5700 km2 7500 km2 Water Depth < 600 m < 500 m < 2500 m < 2500 m 5 Yrs + 2 Yrs (3rd Optional) 5 Yrs + 2 Yrs (3rd Opt.) + 5 Yrs + 2 Yrs (3rd Opt.) + 2 5 Yrs + 2 Yrs (3rd Opt.) + 2 Licence + 2 Yrs (3rd Optional) 2 Yrs (3rd
Slide 12: Guyana
Guyana Currently Most Exciting and Rapidly Developing Offshore Oil Province Politically Stable Appealing Fiscal Terms Extremely active with exploration and development programs 2018-2020 3 Billion Barrels within Kilometers! Strategically Located Updip of Exxon discoveries at 92% hit rate
Slide 13: Guyana-Suriname Basin - Snapshot
Guyana-Suriname Basin - Snapshot • Fast emerging oil industry frontier • On of the most prospective offshore basins globally • World Class Discoveries: • 150,000 Bbl./Day by 2020 • 400,000 Bbl./Day by 2025 • Stabroek Block: 0ver 3.2 Billion Barrels to date • $6 Billion (USD) in Investments in the Oi
Slide 14: World Class Discoveries on Stabroek Block
World Class Discoveries on Stabroek Block Liza 2 Payara 1 Liza 4 Payara 2 Ranger 1 Discovery in July 2016 Discovery in January Discovery in March Discovery in July 2017 Discovery in January 190ft of pay 2017 2017 Adds 500 million 2018 95ft of Pay 197ft of pay barrels to Payara “largest discovery so
Slide 15: Orinduik Block: Adjacent to Exxon >3 Bn bbl discoveries
Eco / Tullow Orinduik Block Updip and only a few Kms from ExxonMobil’s string of discoveries in the Guyana Suriname-Basin Adjacent to Exxon >3 Bn bbl discoveries Updip in same play as Exxon fields Partnered with Tullow – 60% WI Reduced cost exposure through Tullow and Total agreements Orindu
Slide 16: 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 • 3D Additional leads under review • Cumulative mean resources: >900 million Bbls Maturing Tertiary Canyon Play in East Orinduik • 3D Evaluation on
Slide 17: Multiple Orinduik Prospects
Multiple Orinduik Prospects • Several objectives in Maastrichtian & Companion • Shallow drilling to targets ~3000 m • Proven system updip of Liza discoveries • Combination trap: Pinchout & updip faults • Excellent trapping potential • Reservoir is upper cretaceous slope channel turbidites • Equivale
Slide 18: Orinduik Farm-in Option
Orinduik Farm-in Option • Total SA has entered into an option agreement with Eco to Farm-in to the Orinduik Block with Eco and Tullow • Farm-in to be exercised within 120 days of delivery of processed 3D data • Processing completion anticipated near term • Anticipated New WI: •Tullow – 60% (Operator
Slide 19: Eco Atlantic
Eco Atlantic Highly Experienced Management Mature Board Industry Leading Partners First In Strategy Upcoming Drilling 2018/19 Exploration Inventory Cashed Up and Carried 19
Slide 20: Eco Approach
Eco Approach PROVEN STRATEGY GLOBAL PARTNERSHIPS DE-RISKED Identify early stage Significant partnerships with Operating in stable jurisdictions opportunities with upside major oil companies with excellent governments and potential local communities relations MANAGEMENT TEAM HIGHLY PROSEPCTIVE UNIQUE
Slide 21: Key Market Data
Key Market Data Ticker LON: ECO TSX-V: EOG Key Shareholders (as of November 2017) Share price 33.5p C$ 0.62 Key Shareholders Percentage shareholding (%) Market Cap £52.76M C$ 97.65M 52 week AIM: 17.12p- 41.00p TSX: C$ 0.26-0.71 Africa Oil 18.87 trading Moshe Peterberg 6.82 Nomad Strand Hanson - Limi
Slide 22: Contact us
Contact us 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 Place, Toron
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