Eco (Atlantic) Oil & Gas Ltd
Emerging West African Oil & Gas Exploration Company
Eco Atlantic is an oil and gas exploration company focused on the identification, acquisition and development of prospective oil and gas exploration projects in politically stable and technically respectable jurisdictions in Africa. Eco Atlantic has a significant local presence, strong government relationships, and important contacts in the Countries in which they operate. The Company has a proven management team with extensive experience in capital markets and finance who have successfully acquired, developed and sold resource assets in Africa many times over. Eco Atlantic has validated their portfolio and strategy by attracting globally recognized oil & gas partners including Tullow Oil and Azimuth.
Offshore Namibia in the Walvis Basin, the Company is developing four licenses in close proximity to major blocks controlled by Repsol and Tullow Oil. These license blocks issued by the Government of the Republic of Namibia cover more than 25,000 square kilometers (6,177,000 acres) with over 21.5 billion barrels of prospective resources. One of the offshore licenses extends onshore and includes the exploration of shale gas & CBM covering 5,600 square kilometers (approx. 1,383,790 acres).
In July 2014, the company received Ghana parliamentary ratification of a petroleum agreement for the Deepwater Cape Three Points West Block, offshore Ghana in the Tano Cape Three Points Basin, covering approximately 944km². The Block is adjacent to Tullow’s Jubilee Oil Field, which is producing in excess of 100,000 barrels of oil per day. It also shares an eastern boundary with the former OCTPS Block, a northern boundary with the Eni Cape Three Points Block, and a western boundary with the Hess Deep Water Cape Three Points Block.