Eco (Atlantic) Oil and Gas Ltd Announces CPR on Orinduik Block, offshore Guyana
Toronto, Ontario (FSCwire) - Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), the oil and gas exploration company with licences in highly prospective regions in Namibia and Guyana, is delighted to announce that Gustavson Associates LLC ("Gustavson") of Boulder, Colorado has prepared a Competent Persons Report ("CPR") for the AIM Market of the London Stock Exchange along with a NI 51-101 report for the TSX Venture Exchange. This CPR is the first on Eco Atlantic's Orinduik Block ("the Block"), Offshore Guyana.
The Company announces Gross P50 (Best Estimate) 2,913.3 MMBOE and Net (40%) 1,165.3 MMBOE, identified across a total of 10 Leads on the Orinduik Block.
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For more information, please visit www.ecooilandgas.com or contact the following:
| Eco Atlantic Oil and Gas | +1 (416) 250 1955 |
| Gil Holzman, CEO Colin Kinley, COO Alan Friedman, VP | |
| Strand Hanson Limited (Financial & Nominated Adviser) | +44 (0) 20 7409 3494 |
| James Harris Rory Murphy James Bellman | |
| Brandon Hill Capital Limited (Joint Broker) | +44 (0) 20 3463 5000 |
| Oliver Stansfield Jonathan Evans Robert Beenstock | |
| Pareto Securities Limited (Joint Broker) | +44 (0) 20 7786 4370 |
| Soren Clausen | +44 (0) 20 7786 4382 |
| Davide Finelli Matilda Mäkitalo | +44 (0) 20 7786 4398 +44 (0) 20 7786 4375 |
| Blytheweigh (PR) | +44 (0) 20 7138 3204 |
| Tim Blythe Simon Woods |
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Source: Eco (Atlantic) Oil and Gas Ltd. (TSX Venture:EOG, LSE:ECO, OTC Bulletin Board:ECAOF)
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