Welcome To The Eco (Atlantic) Oil and Gas HUB On AGORACOM

Eco Atlantic Announces Joint Operating Agreements With The National Petroleum Corporation Of Namibia

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Eco (Atlantic) Oil and Gas Profile

Eco (Atlantic) Oil & Gas (TSX-V: EOG) is an integrated oil and gas exploration company focused on the new and bourgeoning petroleum opportunity in Namibia.

Recent offshore 2D and 3D exploration by Chariot Oil and Gas (CHAR:LN) , HRT (Previously UNX Energy Corporation) (TSX.V:HRP), and Tower Resources (TRP:LN) have determined resource potential of 16.8 billion barrels. Onshore, focus on these licenses is in the Karoo resource play, both with Shale and Coal bed Methane potential. With one of the largest land holdings in Sub-Saharan Africa, Eco Atlantic has commenced both offshore and onshore state of the art exploration.

Company Highlights

A New Emerging Oil and Gas Company

  • Publicly - traded on the TSX.V under EOG
  • Second largest acreage holdings in Namibia

Excellent Growth Potential

  • 3 offshore licenses covering over 25,000km2 resource potential over 1 billion barrels
  • Two onshore licenses covering over 30,000km2 (7,413,000 acres) with shale & coal bed potential

Advanced Exploration Program

  • 2D Seismic data acquired on all offshore blocks from TGS NOPEC & Western Geco
  • NI 51-101 Resource Report on Cooper License block (P50) Best Estimate of 1.15 billion barrels of prospective oil
  • NI 51- 101 Resource Report on Sharon License block (P50) Best Estimate of 7.79 billion barrels of prospective oil

Highly Experienced Team

  • Excellent blend of experience in capital markets and African oil & gas & finance
  • Impeccable deal execution track record & well established local networks

Stable & Mining Friendly Democracy With World-class Infrastructure

Last changed at 27-Apr-2012 11:13PM by mynot