TSX-V : EOG   Last Price: 0.54   Change: -0.01   Volume: 24000   Details (+)

Company Profile

Eco Atlantic Oil and Gas is an international oil and gas exploration and development company, focused on the identification, acquisition and development of upstream petroleum opportunities in politically stable and technically de-risked jurisdictions around the world.

The Company is listed on the Toronto Stock Exchange (TSX-V) and AIM and has a strategic portfolio of offshore projects in Guyana (South America) and Namibia (Africa).

In partnership with Tullow Oil, Eco Atlantic holds a 40% working interest in the 1800 km2 Orinduik offshore block in the shallow water of the prospective Guyana-Suriname basin.  Notably, the licence area is adjacent and updip to ExxonMobil’s world class Liza discoveries where recoverable resources could be c.1.4 Billion barrels and field development planning has begun in earnest.

In offshore Namibia, Eco Atlantic operates and is the major interest owner of four prospective licence blocks in the Walvis Basin; Sharon, Cooper, Guy and Tamar. It is estimated that 25 billion barrels of prospective resources could be held within this licence area. The Walvis Basin is a proven petroleum system and Eco Atlantic is working in partnership with Tullow Oil, NAMCOR and AziNam on projects in the region.

Eco Atlantic comprises a qualified and experienced management team, whose skills are utilised to operate the offshore licences. When a licence is acquired, Eco looks to bring on board a reputable and globally recognised oil and gas partner to assist with the development and operating of the licence block. In addition, Eco Atlantic’s Board and Management team fully understand the assets and the countries in which it operates, which leads to the development of successful relations with local governments and with other oil and gas companies operating in the region.