Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (July 2021)
22 slides from Eco (atlantic) Oil & Gas's investor presentation, July 2021
Slide 1: Generating Value Through High Growth Energy Projects
Generating Value Through High Growth Energy Projects Eco Atlantic Company overview July 2021
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 Exploration Portfolio
Eco Atlantic’s Exploration Portfolio Atlantic Margin Plays – Offshore Guyana and Namibia 5 Exploration Licenses 2 Discoveries 3 Near term Catalysts Guyana – Orinduik Block Mediterranean - Strategic Solar Investment – Solear Ltd. a fast-growing utility scale solar project developer, constructor, and
Slide 4: Company Overview – Progress to date
Company Overview – Progress to date Focused on creating shareholder value through a rich portfolio of prospects and opportunities Updated Guyana CPR: 29% Increase in Eco granted 4 offshore Gross Pros. Resources 5.1MMBOE blocks, HRT’s Wingat-1 Discovery in Walvis Covid-19 measures: strict cost-cuttin
Slide 5: Strong Board and Management Team
Strong Board and Management Team Significant experience in establishing, growing, financing and monetizing energy companies across Africa and S. America Moshe Peterburg (Non-Executive Chairman) Keith Hill (Non-Executive Director) • Over 30 years’ experience in Africa (Nigeria, Equatorial Guinea, Gha
Slide 6: Exploration Guyana
Exploration Guyana
Slide 7: Guyana-Suriname Basin a world class petroleum province
Guyana-Suriname Basin a world class petroleum province Discovered recoverable resource estimate of over 9 billion barrels of oil equivalent to date1 Orinduik • Orinduik Block, 170 km offshore Guyana in the Guyana-Suriname basin, and is adjacent and updip of the ExxonMobil operated Stabroek Block • E
Slide 8: Orinduik Block – Significant Potential
Orinduik Block – Significant Potential Two discoveries in 2019, tested less than 10% of the Block’s substantial potential: Partners planning to test Cretaceous horizon Gross Unrisked Prospective Oil Risk Lead Resources (P50) POS% MMBOE Jethro 208.3 100.00 Hammerhead 15 81.00 Joe 104.4 100.00 Jethro
Slide 9: Orinduik Block Play Diversity and Multi-Billion Barrels Prospectivity
Orinduik Block Play Diversity and Multi-Billion Barrels Prospectivity Orinduik Kanuku 1) 2019-2020 2021-2022 • Two oil discoveries in Tertiary, 55m and 16m net pay, ~11.5-14°API • Seismic reprocessing to be completed August 2021 • Both discoveries confirm geological model and seismic interpretation
Slide 10: Strategic Equity Investment into JHI Associates Inc.
Strategic Equity Investment into JHI Associates Inc. Summary of the Transaction announced 28th June 2021 Eco acquired a 6.4% interest in JHI Associates Inc. with the option to increase its stake to 10% on a fully diluted basis. JHI, a private company, holds a 17.5% Working Interest in the Canje Expl
Slide 11: Canje Exploration 2021
Canje Exploration 2021 Exploration: • ExxonMobil Operated Block • First Canje Well (Bulletwood-1) confirmed petroleum system & quality reservoirs Drilled Feb 2021 (Non- Commercial)1 • Second Canje Exploration Well (Jabillo-1, JHI fully carried well) 2021 tested Upper Cretaceous reservoirs in a strat
Slide 12: Pre and Post Deposition Tri-River System
Pre and Post Deposition Tri-River System1 Proven Stratigraphy – Multiple Fields • Tertiary – Pluma, Hammerhead, Jethro, Joe • Maastrichtian – Liza & Payara • Companion – Haimara, Longtail & Tripletail • Santonian – Redtail & Yellowtail 2 (Maka Central, Kwaskwasi & Keskesi in Surname) Upper Cretaceou
Slide 13: Guyana strategic positioning building on Orinduik footprint
Guyana strategic positioning building on Orinduik footprint Exposure to large Canje play and prospectivity • Exploration catalysts: near-term exposure to low risk, high impact two-well drilling programme in Canje Block offshore Guyana led by ExxonMobil. • Enhancing Guyana footprint and play exposure
Slide 14: Exploration Namibia
Lu ATLANTIC OIL&GAS Exploration Namit
Slide 15: Offshore Namibia sought after frontier exploration
Offshore Namibia sought after frontier exploration Significant acreage position in prospective offshore oil province • Four large offshore blocks in Walvis Basin offshore Namibia with a combined Average of ~60% Working Interest • Re-set 10-year license terms and new Petroleum Exploration Licenses gr
Slide 16: Offshore Namibia – Walvis Basin Blocks
Offshore Namibia – Walvis Basin Blocks Strategically placed to benefit from upcoming activity and increased data points Walvis Basin Orange Basin • Exploration Activity Galp PEL 82 Shell | Qatar Petroleum Block 2913A Total | Qatar | Impact 2913B Venus-1 Well, using Maersk drillship Maurel & Prom PEL
Slide 17: Solar Energy
Solar Energy
Slide 18: Strategic solar investment
Strategic solar investment Solear company overview Europe: Photovoltaic power potential1 • Solear was established to capture economically competitive grid scale opportunities in the European photovoltaic power markets, with a focus on southern Europe • The business is focused on acquiring projects a
Slide 19: Solear near term objectives
Solear near term objectives Create a portfolio of investment grade solar development assets to attract capital for maturing through to construction and operation Nick Morgan – Chief Financial Officer Aneliya Erdly – Senior Advisor ▪ Experienced Group CFO across public and private companies focused o
Slide 20: Eco's Strategic Partnerships and value creation
Eco’s Strategic Partnerships and value creation 2017 2018 2019 2021 2021 Africa Oil Corp. TotalEnergies Raised US$17 million Launch of Solear Ltd. Eco acquired up to 10% stake in invested CAD$14m in US$12.5 million through oversubscribed Eco shareholder loan up to JHI Associates, a private company E
Slide 21: Eco's Investment Case
Eco’s Investment Case Generating Value Through High Growth Energy Projects Exploration Success Well positioned Growth Strategy Strong Financials Over 7.5 Billion barrels Sector wise and Potential Farm-outs, drilling US$13M Working Capital estimated resource geographically and solar PV projects and n
Slide 22: Company Contact Information
Company Contact Information Gil Holzman Colin Kinley Alice Carroll Chief Executive Officer Chief Operating Officer Head of Marketing and IR gil@ecooilandgas.com colin@ecooilandgas.com alice@ecooilandgas.com Office 181 Bay Street, Suite 320 TSX-V: EOG LON AIM: ECO Brookfield Place, Toronto Ontario, C
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