Eco (Atlantic) Oil & Gas Ltd. has received a Prospectivity Study Interpretation Report (the "Report") for the Cooper Block (the "Block" or "Cooper"), offshore Namibia in the Walvis Basin. The Report was prepared by Petroleum Geo-Services (PGS) of England.

The aim of this study is to interpret the Company's existing and newly acquired 1,500 kilometers of 2D data on the Block for lead identification and to outline potential target areas for the near future acquisition of 3D seismic data.

Information obtained from exploration wells throughout the region has proven an active petroleum system in the Cretaceous-recent rocks. The Company has been focused on the Cenomanian-Turonian and Aptian Marine post rift and the Neocomian lacustrine and Artinskian Pre/Syn Rift source rocks.

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