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To: Goose94 who wrote (10846)1/28/2016 10:51:10 AM
From: Goose94Read Replies (1) | Respond to of 203020
 
Eco (Atlantic) Oil & Gas (EOG-V) Jan 28, '16 is pleased to announce that, through its subsidiary, Eco (Atlantic) Guyana Inc., it has signed a Joint Operating Agreement with Tullow Oil Plc. through its subsidiary, Tullow Guyana BV, pursuant to the Petroleum Agreement as announced January 19, 2016. The Agreement was signed with respect to the Orinduik Block, offshore, the CoOperative Republic of Guyana (the “Block”).

Colin Kinley
, COO and Director of Eco Atlantic commented: “The expedited signing of the JOA by Eco Atlantic and Tullow Oil evidence our great working relationship and the commitment of the partners to advance the exploration of the Orinduik Block. Tullow is a sound partner and excellent operator. Both, Tullow and ourselves independently identified the prospectivity of this area through our research prior to the Liza discovery. As we advance our program on the block, and as drilling activity progresses on the contiguous Liza discovery at Exxon’s Stabroek block, Tullow and ourselves are able to gain a better understanding of the prospectivity and our targets within the basin.”

About Eco Atlantic

Eco Atlantic is an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities around the world. The Company’s objective is to identify technically merited prospective new and developing projects in frontier areas requiring low cost entry. In Namibia through wholly owned subsidiaries, the Company currently holds interests, some carried, in four offshore petroleum licenses covering more than 32,000 square kilometers in the Walvis and Lüderitz Basins.

In Ghana, Eco Atlantic also holds and operates an interest in the Deepwater Cape Three Points West Deep Water offshore block, covering 944 square kilometers and in Guyana, Eco Atlantic holds an interest in the 1,800 square kilometer Orinduik offshore block.

Eco Atlantic enjoys strong local presence in the countries in which it operates and has a longstanding relationship with the energy and oil and gas sectors throughout Africa and other maturing exploration plays internationally.


For More Information on Eco Atlantic Contact:

Gil Holzman Alan Friedman
President and Chief Executive Officer Executive Vice President
gil@ecooilandgas.com alan@ecooilandgas.com
Tel: +972.508884529 Tel: +1.416.250.1955