Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (April 2016)
19 slides from Eco (atlantic) Oil & Gas's investor presentation, April 2016
Slide 1: Eco Atlantic Oil & Gas Corporate Profile
ECO ATLANTIC OIL & GAS CORPORATE PROFILE PRIVATE AND CONFIDENTIAL April, 2016
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address events or developments that Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic”) expects to
Slide 3: Eco Atlantic: Investment Profile
ECO ATLANTIC: Investment Profile TSX-V LISTED OIL AND GAS EXPLORER: focused on offshore projects in politically stable and technically de-risked countries: Namibia, Ghana, Guyana QUALIFIED AND EXPERIENCED: Offshore Operator GUYANA: 40% Working Interest Owner of 1,800 km² Orinduik Block offshor
Slide 4: Guyana: Orinduik Block
GUYANA: Orinduik Block • January 2016: Eco Atlantic 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 • Tull
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 play is a turbidite sandstone in Cretaceous fans. • Well encountered 90 meters of high quality oi
Slide 6: Guyana: Attractive Investment Opportunity
GUYANA: Attractive Investment Opportunity Well endowed with natural resources, with fertile 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 b
Slide 7: Ghana: Tano Cape Three Points Deep Water
GHANA: Tano Cape Three Points Deep Water 7
Slide 8: Ghana: Prospective Oil Block
GHANA: Prospective Oil Block GHANA Ghana: One of Africa’s Top 5 fastest growing TANO CAPE THREE POINTS economies (1) DEEP WATER Ghana: Recent production of 110,000 barrels of oil per day expected to double by 2017 Ghana: 700 million barrels of estimated oil reserves Deepwater Cape Three Points
Slide 9: Ghana: Positive Long-Term Prospects
GHANA: Positive Long-Term Prospects Recently announced a fiscal stabilization 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 production by 2017 Even at low oil prices, the contribution of oil is exp
Slide 10: Namibia: Prospective Oil Blocks
NAMIBIA NAMIBIA: Prospective Oil Blocks Four offshore license blocks covering over 30,000 km² in the COOPER Walvis Basin adjacent to major farm-in activity including Repsol, Tullow, BP, Galp Over 20 Billion Barrels P50 Prospective Resources (1)SHARON Cooper: 4.5 billion barrels Sharon: 7.8 billi
Slide 11: Namibian Blocks: Participating Interest & Major Partners
NAMIBIAN BLOCKS: Participating Interest & Major Partners Cooper Block WI (%) Paying Interest (%) Eco (Operator) 32.5% Carried through Drilling Tullow Oil 25% - 40% 80% Tullow Oil - Major oil company with revenue (optional) (2014A) of $2.2 billion, pre-tax operating AziNam 32.5% 20% cash flow of $1.5
Slide 12: 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 oil Eco Blocks surround HRT generating window and Tullow targets 4 oil samples of light grade oil rec
Slide 13: 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
Slide 14: Namibia: Recent Activity
NAMIBIA: Recent Activity Cooper Block: 3D Seismic 1,100km² 3D seismic survey completed in November 2014 by PGS using proprietary high resolution GeoStreamer technology Estimated cost of the survey, processing and interpretation approximately C$11mm Data currently being interpreted by Tullow’s
Slide 15: Namibia: Top African Emerging Market
NAMIBIA: Top African Emerging Market Brazil Namibia Relationship Mirrored Geological Structures Rated top African emerging market economy in 2013 by Bloomberg (13th in the world) Low political risk Long history of resource tenure security Encouraging international foreign investments Spa
Slide 16: 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-Founder)
Slide 17: Corporate Snapshot
CORPORATE SNAPSHOT Eco (Atlantic) Oil & Gas Ltd. Shareholder Profile Exchange Listings: TSX Venture (EOG-V), Namibia (EOG-NA) 52wk Range: 0.08 - 0.25 Avg Vol (3m): 42,000 Market Cap: 19.37M Share Structure Share Structure Shares Issued and Outstanding (1) 88,054,399 Warrants 0 Options 7,891,052 Full
Slide 18: Why Eco Atlantic?
WHY ECO ATLANTIC? GHANA Well capitalized with C$5mm, significant carries on work expenditures over 12 months, low G+A Stable jurisdictions with strong local presence and government relations (Namibia named the top African emerging market by Bloomberg in 2013) Guyana block in close proximity to
Slide 19: Contact Information
CONTACT INFORMATION Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Corporate Contact: Canada Gil Holzman 120 Adelaide Street West, Suite 800 Co-Founder, Director, President and CEO Toronto, Ontario Ph. +972.508884529 M5H 1T1 gil@ecooilandgas.com www.ecooilandgas.com Alan Friedman Co-Founder, Direct
Eco (Atlantic) Oil & Gas — Investor Presentation (April 2016) on 6ix