Eco (atlantic) Oil & Gas Ltd. · TSXV:EOG
Eco (atlantic) Oil & Gas — Investor Presentation (November 2022)
17 slides from Eco (atlantic) Oil & Gas's investor presentation, November 2022
Slide 1: Eco Atlantic Investor Briefing November 2022
Seeking to create the most exciting exploration company in E&P Eco Atlantic Investor Briefing November 2022
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 Group Overview
Eco Atlantic Group Overview • An oil and gas exploration company focused on exploration of Share Ownership(1) upstream petroleum opportunities in stable jurisdictions • Materially de-risked, prospective high impact exploration assets Africa Oil Corp. 16.0% offshore in Guyana, South Africa and Namibi
Slide 4: 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 Keith Hill (Non-Executive Director) • Over 35 years’ experience in the oil industry including 23 years with the Lundin Group, in addition to senior
Slide 5: Eco Atlantic's Offshore Exploration Portfolio
Eco Atlantic’s Offshore Exploration Portfolio Three Atlantic Margin basins – Offshore Guyana, Namibia and South Africa Totalling 51,036 Km2 Guyana – Orinduik & Canje (JHI) South Africa – 2B & 3B/4B Offshore Namibia – Cooper, Guy, Tamar & Sharon Orinduik – Eco WI 15% Operator Tullow Oil 2B – WI 50% O
Slide 6: Substantial stake in two basins offshore Africa – Walvis and Orange
Substantial stake in two basins offshore Africa – Walvis and Orange Eco | Africa Energy | Panoro Block 2B Gazania-1 Well – P&A Results analysis underway Africa Oil | Eco | Ricocure Block 3B/4B Farm-out process on-going Planning underway to drill 2 wells Page 6
Slide 7: Gazania-1 Well: Drilled safely, without environmental issues or social & legal challenges
Gazania-1 Well: Drilled safely, without environmental issues or social & legal challenges Block 2B Announced 18th November: Spud October 10, 2022 - reached target depth of 2,360m but did not show evidence of commercial hydrocarbons. Next steps • Detailed analysis of the well logs and results underwa
Slide 8: South Africa Block 2B – A-J1 Oil Discovered
South Africa Block 2B – A-J1 Oil Discovered Drilling tested both Namaqualand and Gazania Prospects Core # 9 @ 2208m MD Sandstone: Microconglomeratic Page 8
Slide 9: Positioning: in prospective Guyana-Suriname and Orange basins
Positioning: in prospective Guyana-Suriname and Orange basins Scale demonstration - Stabroek Block is 26,709km2 | Blocks 2B & 3B/4B are 20,643km2 Page 9
Slide 10: Imminent and Increasing activity in the Orange Basin
Imminent and Increasing activity in the Orange Basin 1 4 TotalEnergies | Impact | Eco | Africa Energy | Panoro | QatarEnergy 6 Crown Blocks 2912 & 2913B 5 Block 2B Venus-1 light oil Discovery Applied for Production Right Venus West Appraisal planned mid- 1 AJ-1 Discovery 2024 Gazania-1 well results
Slide 11: Namibia Discoveries – Increasing the Prospectivity of 3B/4B
Namibia Discoveries – Increasing the Prospectivity of 3B/4B Block 3B/4B Significant discoveries along trend: Venus-1, Graff-1 Offshore Namibia TotalEnergies Isochron Map Basin floor fan Shell Block 2912 1,880 km2 3D 2913A Venus Prospect ~600+ sqkm Graff Strong AVO anomaly Prospect confirmed-Amplitud
Slide 12: Eco second largest acreage holder Offshore Namibia
Eco second largest acreage holder Offshore Namibia Significant acreage position – 28,593km2 Highlights in Namibia • Eco has 4 large Operated offshore blocks in Walvis Basin net Working Interest of 85%, with New Petroleum Exploration Licenses with re-set 10- year license terms granted (Feb 2021) • Tw
Slide 13: Guyana-Suriname Basin a World Class Frontier Hydrocarbon Province
Guyana-Suriname Basin a World Class Frontier Hydrocarbon Province Discovered recoverable resource estimate of over 11 billion barrels of oil equivalent to date1 Orinduik Block – Direct WI held since 2016 • 170 km offshore Guyana, block covers 1,800km2 adjacent and updip of the Stabroek Block • Eco h
Slide 14: Guyana: Strategic Exposure to Two Blocks surrounding Stabroek
Guyana: Strategic Exposure to Two Blocks surrounding Stabroek Orinduik Block and Canje Block multiple plays and prospectivity 1. 1. Tullow Oil, 9 Mar 2022 – Full Year Results Presentation Page 14
Slide 15: Guyana – first competitive licensing round next year
Guyana – first competitive licensing round next year Auction of 3 ultra-deepwater and 11 shallow-water exploration blocks New profit-sharing agreement that will cover future oil production agreements is under development and will be finalized before the auction ends. Suggested new terms Orinduik 201
Slide 16: High activity level with numerous triggers in the next 18 months
High activity level with numerous triggers in the next 18 months Indicative Operational Timeline Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Grant of Gazania-1 well South Africa - 2B Results analysis ongoing Production Right Farm-out process Targets to be defined South Africa - 3B4B FOA negotiation un
Slide 17: Company Contact Information
Company Contact Information Gil Holzman Colin Kinley Alice Carroll Chief Executive Officer Chief Operating Officer Head of Corporate Sustainability gil@ecooilandgas.com colin@ecooilandgas.com alice@ecooilandgas.com Registered Office 7 Coulson Ave TSX-V: EOG LON AIM: ECO Toronto ON M4V 1Y3, Canada ww
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