Eco (Atlantic) Oil & Gas Ltd. (“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 de-risked jurisdictions in Africa. Eco has significant local presence, strong government relationships, and important contacts in the jurisdiction 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 has validated their portfolio and strategy by attracting major oil & gas partners including Tullow Oil and Azimuth.
Offshore Namibia in the Walvis Basin, the company is developing three licenses blocks in close proximity to major blocks controlled by Repsol and Tullow Oil. 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. The Block is adjacent to Tullow’s Jubilee Oil Field, which is producing in excess of 100,000 barrels of oil per day.