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

Eco (atlantic) Oil & Gas — Investor Presentation (July 2016)

20 slides from Eco (atlantic) Oil & Gas's investor presentation, July 2016

  1. Slide 1: Eco Atlantic Oil & Gas

    ECO ATLANTIC OIL & GAS July 2016 PRIVATE AND CONFIDENTIAL

  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  TSX‐V LISTED OIL AND GAS EXPLORER: focused on offshore projects in politically stable and technically de‐risked countries: Guyana, Namibia and Ghana  QUALIFIED AND EXPERIENCED: Offshore Operator  GUYANA: 40% Working Interest Owner of 1,800 km² Orinduik Block offs

  4. Slide 4: Guyana: Orinduik Block

    GUYANA: Orinduik Block • January 2016: Eco Atlantic signed a Petroleum * Exxon Release June 30th 2016 800 Million to 1.4 Billion Barrels Agreement and is issued 40% WI in Guyana Offshore Petroleum License • Orinduik is updip from Liza 1 and Liza 2 Discoveries • Liza 3 projected slightly NW, just off

  5. Slide 5: ExxonMobil Confirms Major Discovery

    ECO ATLANTIC: ExxonMobil ‐ Confirms Major Discovery Exxon and Related PR – June 30th, 2016 • Exxon Completes Liza 1 2015, 295 feet of pay • Exxon Completes Liza 2 June 2016, 190 feet of pay • Liza-2 Drilled to a depth of 5,475 meters, in 1,692 meters of water and it hit more than 190 feet of oil bea

  6. 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  Significant oil potential – two major discoveries  Economic performance has stabilized over the past 8 years, expanding by an average

  7. Slide 7: Ghana: Tano Cape Three Points Deep Water

    GHANA: Tano Cape Three Points Deep Water Multiple Regional Discoveries 7

  8. Slide 8: Ghana: Prospective Oil Block

    GHANA: Prospective Oil Block  One of Africa’s Top 5 fastest growing economies (1) GHANA  Jubilee: Recent production of 110,000 bbls/day TANO CAPE THREE POINTS  Ten: Planning soon additional 70,000 bbls/day DEEP WATER  700 million barrels of estimated oil reserves  Hess development coming: Multi

  9. Slide 9: Ghana: Positive Long-Term Prospects

    GHANA: Positive Long‐Term Prospects  Recently announced a fiscal stabilization strategy  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  Contribution of oil at low prices is still is expected t

  10. 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

  11. 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% AziNam 32.5% 20% Tullow Oil ‐ Major oil company with revenue NAMCOR 10% Carried (2014A) of $2.2 billion, pre‐tax operating cash flow

  12. Slide 12: Walvis Basin: Proven Petroleum System

    WALVIS BASIN: Proven Petroleum System 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 recovered: 38°  Oil seeps in

  13. Slide 13: Namibia: License Block Highlights

    NAMIBIA: License Block Highlights Cooper Sharon Guy Block Size 5,000km2 (acres: 1,235,000) 5,000km2 (acres: 1,235,000) 5,000km2 (acres: 1,235,000) 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 2

  14. Slide 14: Namibia: Recent Activity

    NAMIBIA: Recent Activity Cooper Block: 3D Seismic  1,100km² 3D seismic survey completed in November 2014 by PGS used proprietary high resolution GeoStreamer technology  Cost of the survey, processing and interpretation approximately CDN $11mm  Data currently being interpreted by Tullow’s explorat

  15. 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

  16. 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)

  17. Slide 17: Corporate Snapshot

    CORPORATE SNAPSHOT Eco (Atlantic) Oil & Gas Ltd. Shareholder Profile Exchange Listings: TSX Venture (EOG‐V) 52wk Range: 0.10 ‐ 0.25 Avg Vol (3m): 50,000 Market Cap: 16M Share Structure Share Structure Shares Issued and Outstanding 87,000,000 Warrants 0 Options 8,000,000 Fully Diluted 95,000,000 Eco

  18. Slide 18: Near Term Plans and Catalysts

    Near Term Plans and Catalysts AIM listing considered – end 2016 Namibia  Murphy and OMV drilling decision Q4 2016  Shell drilling decision Q4 2016  Tullow drilling decision (on PEL 037) Q1 2017 Guyana  Exxon Liza 2 detailed appraisal well results – 800m – 1.4bn barrles  Exxon Liza 3 drilling ap

  19. Slide 19: Why Eco Atlantic?

    WHY ECO ATLANTIC?  Capitalized with C$3.5mm  Significant carries on work expenditures. G&A to Exploration ratio is 13:87  Major discoveries adjacent to Eco in Guyana (ExxonMobil) and Ghana (Tullow)  Stable jurisdictions with strong local presence and government relations (Namibia named the top A

  20. Slide 20: Contact Information

    CONTACT INFORMATION Corporate Office: Corporate Contact: Eco Atlantic Oil and Gas Ltd. 181 Bay Street, Suite 320 Gil Holzman Brookfield Place, Toronto Co‐Founder, Director, President and CEO Ontario, Canada Ph. +972.508884529 M5J ET3 gil@ecooilandgas.com www.ecooilandgas.com Alan Friedman Co‐Founder

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