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To: Goose94 who wrote (4010)

10/27/2014 12:37:13 PM

From: Goose94

Read Replies (1) | Respond to of 202924

Eco Oil & Gas (EOG-V) Oct 27, '14 has acquired two previously shot 2-D seismic surveys totalling 2,922 line kilometres on its Sharon block 2213 A and B, Walvis basin, offshore Namibia, of which the company is operator. These surveys provide extensive coverage in one of the company's focus areas. Eco Atlantic is also the operator of its Cooper block, where it, in partnership with Tullow Kudu Ltd., is currently running a 1,097-kilometre 3-D program with PGS Geophysical, as announced Oct. 16, 2014.

Colin Kinley, chief operating officer of Eco Atlantic, stated: "This has been a busy and constructive year for Eco Atlantic and its partners, and fits well with our strategy and analysis of the Walvis basin. The Cooper 3-D program is progressing well, and we hope to complete with 1,097-line-kilometre program by mid-November." Mr. Kinley further stated: "This newly acquired 2-D program on Sharon was shot previously, and the data quality looks good from our review of the lines. We are advancing our interpretation and knowledge of the basin as a result of previous wells drilled in the region and the availability of good-quality information. By season's end this year, we also hope to shoot an additional 1,000 kilometres of new 2-D data on our Guy block. With our knowledgeable partners, we are advancing our understanding of this play. We have steadily progressed with our exploration and interpretation and continue to build confidence in defining the potential of our licences in this prospective oil play, which should assist in attracting additional partners."

For More Information on Eco Atlantic Contact:

Gil Holzman
President and Chief Executive Officer
gil@ecooilandgas.com
Tel: +972.508884529

Charlotte Dilks
Investor Relations Manager
charlotte@ecooilandgas.com
Tel: +1.416.361.2211