Eco Atlantic granted extension on its Sharon & Guy licenses offshore Namibia

Eco Atlantic granted extension on its Sharon & Guy licenses offshore Namibia 
TORONTO, July 8, 2013 /CNW/ - ECO (ATLANTIC) OIL AND GAS LTD. (TSX-V: EOG, 
NSX: EOG) Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") is 
pleased to announce that the Government of Namibia Ministry of Mines and 
Energy has approved the request for a one year extension of the Initial 
Exploration Period on the Company's Guy (2111B & 2211A) and Sharon (2213A & 
2213B) licenses located offshore Namibia, in the prospective Walvis Basin. 
The year extension of the Company's work commitments allows more flexibility 
and time to execute the Company exploration program which consists of shooting 
1,000 km(2) of 3D seismic on each of the licenses in Year 4 (2015) and 
drilling an exploratory well in Year 5 (2016) before the First Renewal Period. 
On the Cooper license (2012A), located offshore Namibia, the Company is 
preparing for a 500 Km(2) 3D survey. Together with the other license 
participants, AziNam Ltd. and NAMCOR, the Company is currently in the process 
of examining additional 2D data and is planning a 3D survey, expected to 
commence later this year. 
Gil Holzman,President and Chief Executive OfficerofEco Atlantic 
commented,"We are delighted to receive the extension granted by the Ministry 
of Mines and Energy and its continued support of our exploration efforts on 
our offshore blocks. 
Eco Atlantic, together with our license partners, AziNam Ltd. and NAMCOR, has 
met all obligations on our offshore licenses to date and have obtained 
valuable geological information together with significant resources leads. The 
year extension of the Guy and Sharon license allows us more time and 
flexibility to plan and prepare geological and geophysical models with new 
pertinent information obtained from regional drilling and exploration 
activity. This information greatly assists us in defining our 3D programs, the 
drilling targets, and potential international Joint Ventures. 
Therecent results of HRT's Wingat-1 well and the increased activity offshore 
Namibia, especially in the Walvis Basin, have significantly de-risked the 
basin for mid-tier and major players to enter. We are confident that the 
Company's blocks are excellent candidates for future partnerships and farm in 
activity." 
About Eco Atlantic 
Eco Atlantic is an oil and gas exploration company focused on the new and 
bourgeoning petroleum opportunity in Namibia. Through its wholly owned 
Namibian subsidiary, Eco Namibia, it holds five petroleum licenses issued by 
the Government of the Republic of Namibia. Eco Namibia holds three offshore 
license blocks covering more than 25,000 square kilometers (6,177,000 acres), 
in the Walvis Basin. Eco Namibia also holds two onshore license 
blockscovering 30,000 square kilometers (7,413,000 acres). Eco Namibia 
enjoys a strong local presence, and has a longstanding relationship with the 
energy and oil and gas sector in Namibia and in the region. The terms and 
conditions of these licenses are regulated by agreements signed by Eco with 
the Government of the Republic of Namibia in March 2011. 
Forward Looking Statements 
CAUTIONARY REGARDING FORWARD LOOKING STATEMENTS: Certain information in this 
press release constitutes forward-looking statements under applicable 
securities law. Any statements that are contained in this press release that 
are not statements of historical fact may be deemed to be forward-looking 
statements. Forward-looking statements are often identified by terms such as 
"may", "should", "anticipate", "expects" and similar expressions. 
Forward-looking statements necessarily involve known and unknown risks, 
including, without limitation, risks associated with oil and gas production 
and exploration, marketing and transportation; loss of markets; volatility of 
commodity prices; currency and interest rate fluctuations; imprecision of 
reserve estimates; environmental risks; competition; inability to access 
sufficient capital from internal and external sources; ability to obtain 
government and regulatory NOTE approval; changes in legislation, including but 
not limited to income tax, environmental laws and regulatory matters. Readers 
are cautioned that the foregoing list of factors is not exhaustive. 
In addition, statements relating to "resources" or "prospective resources" are 
deemed to be forward-looking statements as they involve the implied 
assessment, based on certain estimates and assumptions, that the resources and 
prospective resources described exist in the quantities predicted or estimated 
and can be profitably produced in the future. There is no certainty that any 
portion of the resources or prospective resources will be discovered. If 
discovered, there is no certainty that it will be commercially viable to 
produce any portion of the resources. 
Although Eco Atlantic believes in light of the experience of its officers and 
directors, current conditions and expected future developments and other 
factors that have been considered appropriate that the expectations reflected 
in this forward-looking information are reasonable, undue reliance should not 
be placed on them because Eco Atlantic can give no assurance that they will 
prove to be correct. The forward-looking statements contained in this press 
release are made as of the date hereof and Eco Atlantic undertakes no 
obligation to update publicly or revise any forward- looking statements or 
information, whether as a result of new information, future events or 
otherwise, unless so required by applicable securities laws. 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this press release. 
For More Information on Eco Atlantic Contact 
Gil Holzman President and Chief Executive Officer gil@ecooilandgas.com Tel: 
+972.508 884529  
Julia Maxwell Manager, Investor Relations jmaxwell@ecooilandgas.com Tel: 
+1.416.361.2211   
SOURCE: Eco Oil & Gas (Atlantic) Ltd. 
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CO: Eco Oil & Gas (Atlantic) Ltd.
ST: Ontario
NI: OIL ORDER  
-0- Jul/08/2013 15:51 GMT
 
 
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