Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG

Eco (atlantic) Oil & Gas — Investor Presentation (September 2013)

29 slides from Eco (atlantic) Oil & Gas's investor presentation, September 2013

  1. Slide 1: Corporate Presentation

    September 2013 Corporate Presentation 18 Billion Barrels of Prospective Resources Significant Upside Potential 1

  2. 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

  3. Slide 3: Eco Atlantic Investment Profile

    Eco Atlantic Investment Profile Emerging Oil and Gas Company  Largest acreage holding Walvis Basin, offshore Namibia  Dual listed on the TSXV and NSX (Namibian Stock Exchange) under "EOG“ Excellent Growth Potential  Four offshore licenses covering over 26,500km2 (6,547,658 acres) located in Namib

  4. Slide 4: The Team: Africa & Oil Exploration Experience

    The Team: Africa & Oil Exploration Experience 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, D

  5. Slide 5: Namibia “The Jewel of Africa”

    Namibia “The Jewel of Africa”  GDP: US$16.77 billion (2012)  Annual Growth: approx 4.5% (2012)  Population: 2.32 million (2012 estimate)  Inflation: 6.5% (2012 average)  Major trading partners: South Africa, Angola, UK, Spain, Japan, China and USA  Taxation of oil production: 5% State Royalty

  6. Slide 6: Gondwana Theory, Paleoceanographics

    Gondwana Theory, Paleoceanographics Brazil ~ Namibia Relationship Mirrored Geological Structures Angola Eco Atlantic Targets Walvis Basin Brazil Espirito Santo Basin Namibia Campos Basin Santos Basin 30 Bbbls BOE Estimated Offshore Brazil 6

  7. Slide 7: Offshore Licenses

    Offshore Licenses Namibe Basin Eco Atlantic Oil & Gas 18 Billion Barrels of Prospective Oil Repsol/Tower/ Arcadia Repsol Farm in 44% WI 2013B 2014B Westbridge Energy ~ 22,400 km2 exploration license, partner search DANIEL 2114 Walvis Basin Tullow/ Pan Continental/ Paragon 2D & 3D Seismic planned HRT

  8. Slide 8: Walvis Basin – The Oil Kitchen

    Walvis Basin – The Oil Kitchen NAMIBIA Location, Location, Location Eco Atlantic 2013B 2014B  18 Bbbl Prospective Resources on three blocks offshore  3D seismic program commence 2014 DANIEL Repsol/Tower/ Arcadia 2114  Repsol farm-in 44% working interest, drilling Feb. 2014 Tullow Oil/ Pancontinen

  9. Slide 9: HRT Wingat-1, Murombe-1 “Proven Petroleum System”

    HRT Wingat -1, Murombe-1 “Proven Petroleum System”  Two different high quality source rocks in oil generating window 2013B 2014B  4 oil samples of light grade oil WINGAT DANIEL 2114  (38o to 42o API)  Oil proven, Sub commercial Murombe  De-risks basin, better understanding  Proven petroleum sy

  10. Slide 10: Tullow / HRT / Eco Atlantic

    Tullow / HRT / Eco Atlantic • Target 1: Wingat – 775 MMbbl (HRT 86% GALP 14%) DHC: $78 million Tullow/Pancontinental • Target 2: Murombe – 2.9 Bbbl (HRT 86% GALP 14%) DHC: $92 million • Eco Blocks (COOPER, GUY, SHARON, DANIEL) surround HRT and Tullow targets to East, West, and North • Oil seeps conf

  11. Slide 11: Fugro Slick Report

    Fugro Slick Report 11

  12. Slide 12: Exploration Milestones

    Exploration Milestones  Licenses granted 21st March 2011  Acquisition of over 2,800 km of legacy 2D lines from TGS, Western Geco  Alignment and joint analysis of PGS 2D seismic lines together with Azinam (Approx additional 4,000 km)  Three independent NI 51-101 reports on offshore blocks by Gust

  13. Slide 13: Farm-In Partners

    Farm – In Partners Azinam Ltd. – 20% Working Interest / 40% carry  A well-funded company with the technical capabilities of a mid cap E&P firm.  Backed by majority-owner Seacrest Capital Ltd, a Bermuda based energy investment group  Petroleum Geo-Services ASA (PGS), access to world’s largest mult

  14. Slide 14: Company Milestones

    May-Aug 2013  3D Survey Cooper 2D Company Milestones Acquisition and PGS Report in  Farmout preparation  Drilling August 2012 Nov 2012 Guy 2D Private Placement Acquired add’l Raised $3.23M @ Operational Highlights 615 Klms of 2D $0.40/unit July 2012 Slick Data April 2012 Acquired oil Slick NSX Li

  15. Slide 15: Corporate Snapshot

    Corporate Snapshot Analyst Coverage Rating Price Cormark Securities Buy $1.75 Eco (Atlantic) Oil & Gas Ltd. GMP Securities Hold N/A Trading symbol: EOG Trading Platform: Toronto Stock Exchange (V) M Partners Buy $2.50 Namibian Stock Exchange Dundee Securities Buy N/A Share Structure Shareholders Sha

  16. Slide 16: Why Eco Atlantic

    Why Eco Atlantic  18 Billion barrels of prospective oil resource offshore Namibia  Proven Petroleum System with light grade oil in prolific Walvis Basin  Blocks contiguous to Tullow, Repsol and HRT’s recent Oil discovery  Low cost entry into region with significant upside potential, undervalued

  17. Slide 17: Contact Information

    Contact Information Eco (Atlantic) Oil & Gas Ltd. Corporate Office: Namibia Office: 120 Adelaide Street West, Suite 1204 269 Independence Avenue Toronto, Ontario, M5H 1T1 8th Floor Canada Windhoek, Namibia Alan Friedman Gil Holzman Executive Vice President Chief Executive Officer alan@ecooilandgas.c

  18. Slide 18: Appendices

    Appendices 18

  19. Slide 19: Namibia Basins Onshore & Offshore

    Namibia Basins Onshore & Offshore 19

  20. Slide 20: Targets

    Targets 20

  21. Slide 21: Cooper License Block 2012A

    Cooper License Block 2012A Offshore Block Size: 5,000 km2 (acres: 1,235,000) Access: Floater License: 70% working interest, 5 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10% WI Water: 200 m to 500 m Target: Basal Tertiary Clastics and Turbidites (2,000m - 2,300 m), upper C

  22. Slide 22: Cooper Technical Highlights

    Cooper Technical Highlights  Eco – Operator and 70% working interest P50 (Best) Probabilistic Estimate:  Conventional oil targets 1.15 Billion Barrels of Prospective  Shallow water over targets: 400 m range Resources  Shallow resource targets : 2,000 m range  Five significant resource leads wit

  23. Slide 23: Sharon License Blocks 2213A & 2213B

    Sharon License Blocks 2213A & 2213B Offshore Block size: 10,000 km2 (Acres: 2,471,000) Access: Jack-up License: 70% Working Interest, 5 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 0 m to 200 m Target: Basal Tertiary Clastics and Turbidites (1,800 m - 2,000 m),

  24. Slide 24: Sharon Technical Highlights

    Sharon Technical Highlights P50 (Best) Probabilistic Estimate:  Eco – Operator and 70% working interest 7.79 Billion Barrels of Prospective  Conventional oil targets in the Walvis Basin Resources  Shallow water over targets: 150 m range  Shallow resource targets : 2,600 m range  Two significant

  25. Slide 25: Guy License Blocks 2111B & 2211A

    Guy License Blocks 2111B & 2211A Offshore Block Size: 10,000 km2 (Acres: 2,471,000) Access: Semi/floater License: 70% working interest, 5 yrs + 2 renewal terms of 2 years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 2,000 m depth (east side targeted) Target: Basal Tertiary Clastics and Turbidi

  26. Slide 26: Guy Technical Highlights

    Guy Technical Highlights P50 (Best) Probabilistic Estimate:  Eco – Operator and 70% working interest 9.2 Billion Barrels of Prospective  Conventional oil targets Resources  Water Depth: 2,000 to 3,500 m range  Depth: 3,500 to 5,100 m to top of structures  Seven significant resource leads within

  27. Slide 27: Daniel License Blocks 2013B, 2014B, 2114

    Daniel License Blocks 2013B, 2014B, 2114 Onshore / Offshore Block Size: 30,000 km2 (Acres: 7,413,000) Access: Truck mounted mobile drilling rig License: 90% Working Interest, Eight years Partner: NAMCOR, 10% Target: Karoo Coal and Shale Sequence (estimated 800 m depth 60 m thick) CBM and tight shale

  28. Slide 28: Increasing Activity Offshore

    Increasing Activity Offshore Announcement Date Transaction NAMIBIA OFFSHORE License Chariot announces 3D Completion of Sep 2013 3D seismic complete over Central Blocks 2412A, South of Eco’s Central Blocks and resources Gross Mean Prospective 469mmbl Sharon and Guy Tullow farms into Pancontinental Se

  29. Slide 29: Local Namibian Participation

    Local Namibian Participation  Eco Atlantic acquired Namibia local company, Eco Oil & Gas Namibia Ltd., holding license applications, for consideration of 20% of Eco Atlantic Oil & Gas  Only Namibian petroleum company to list on Namibian Stock Exchange  Helmut Angula, ex Deputy Minister of Mines a

Eco (Atlantic) Oil & Gas — Investor Presentation (September 2013) on 6ix