Eco (Atlantic) submits Daniel License evaluation report to the Namibia Ministry of Mines and Energy

Eco (Atlantic) submits Daniel License evaluation report to the Namibia 
Ministry of Mines and Energy 
TORONTO, Jan. 6, 2014 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or 
the "Company") (TSX-V: EOG, NSX: EOG)is pleased to announce that it has 
submitted an initial evaluation report (the "Report") for the Daniel License, 
Block number 2013B offshore Namibia ("Block") to the Namibia Ministry of Mines 
and Energy. The Report focuses on the 2250 square kilometer Block off the 
Skeleton Coast in the Walvis Basin of Namibia. Eco Atlantic holds a 90% 
Working Interest and NAMCOR holds a 10% Working Interest in the Daniel Block. 
Eco Atlantic has completed this initial study of the offshore section of the 
Block for which oil and gas rights were granted in August 2013 and has 
reviewed the existing 2D seismic and regional interpretations. The South East 
corner of the Block is the eastern slope of the Walvis Basin and has created 
good exposure to the Cretaceous and Syn-Rift Sections. 
Colin Kinley, COO of Eco Atlantic stated: "The newly established oil kitchen 
in the Walvis Basin confirming light 40 API degrees gravity oil; the oil shows 
onshore on the Daniel Block which prompted the drilling of the Toscanini Well; 
and the slicks evident in the region from the Fugro Oil Slick study that was 
completed for Eco, all indicate that oil is migrating through the block from 
the deeper kitchen and that further work is warranted to find a suitable trap 
and seal. We still have significant work to do and further study is required, 
with shallow water depths and shallow drilling depths, we are intrigued by 
this very interesting Block." 
Gil Holzman, CEO of Eco Atlantic commented: "As each piece of the Namibian oil 
frontier puzzle is revealed, we are constantly getting closer to the reality 
of a significant find in this country. Our ongoing work on each of our blocks, 
including this recent work on Daniel, only strengthens our commitment to 
contribute to the establishment of this resource play." 
About Eco Atlantic 
Eco Atlantic is an oil and gas exploration company focused on the new and 
bourgeoning energy play in Namibia. Through a wholly owned Namibian subsidiary 
("Eco Namibia"), it holds four petroleum licenses issued by the Government of 
the Republic of Namibia. Offshore in the Walvis Basin, Eco Atlantic holds 
three license blocks covering more than 25,000 square kilometers (6,177,000 
acres). Eco Atlantic holds an additional license block covering 23,000 square 
kilometers (5,683,000 acres) which includes both onshore and offshore areas. 
Founded in 2008, Eco Namibia enjoys a strong local presence and has a 
longstanding relationship with the energy and oil and gas sector in Namibia 
and the region. The terms and conditions of these licenses are regulated by 
agreements signed by Eco Namibia with the Government of the Republic of 
Namibia in March 2011. 
Forward Looking Statements 
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain information in 
this news release constitutes forward-looking statements under applicable 
securities law. Any statements that are contained in this news 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. More 
particularly and without limitation, this news release contains forward 
looking statements and information concerning the likelihood or possibility 
that the results from the Report are or will be indicative of the viability of 
the Block. The results in the Report are not indicative of long term 
performance of the Block. There is no certainty that any resources will be 
discovered on the Block, and if discovered, there is no certainty that it will 
be commercially viable to produce any portion of the resources. 
Forward-looking statements necessarily involve known and unknown risks, 
including, without limitation, risks associated with oil and gas production 
and exploration, marketing and transportation; retention of and ability to 
attract Company personnel, regulatory approvals, 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; 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. 
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.
 

SOURCE  Eco (Atlantic) Oil & Gas Ltd. 
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: 416.361.2211 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2014/06/c1579.html 
CO: Eco (Atlantic) Oil & Gas Ltd.
ST: Ontario
NI: OIL  
-0- Jan/06/2014 15:06 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.