Eco (Atlantic) Oil & Gas Ltd. is a Calgary–based exploration company focused on the acquisition, exploration and appraisal of petroleum and natural gas assets in frontier basins. The company’s principal activities center on securing and advancing offshore exploration licenses through geological and geophysical programs, with the aim of identifying commercial hydrocarbon discoveries. Eco Atlantic is publicly traded on the TSX Venture Exchange and over-the-counter in the U.S. under the symbol ECAOF.
The company’s portfolio comprises exploration blocks in two primary regions: the Guyana-Suriname Basin in northeastern South America and offshore Namibia in southern Africa. In the Guyana-Suriname Basin, Eco Atlantic holds interests in multiple deep-water permits and has conducted extensive 2D and 3D seismic surveys in partnership with larger industry players. In Namibia, the company controls adjacent permits in the Walvis Basin, where it has completed environmental studies and seismic acquisition ahead of planned drilling campaigns. Through strategic farm-in agreements, Eco Atlantic has aligned with established operators to advance its drilling timetable and manage capital exposure.
Since its founding in 2011, Eco Atlantic has pursued a disciplined, data-driven exploration strategy, emphasizing high-potential frontier plays that offer significant upside. The company’s management team is led by Executive Chair Basil Panagiotou and Chief Executive Officer Marc Lilleyman, who together bring experience in project finance, technical evaluation and international partnership development. By leveraging modern seismic imaging and a collaborative approach to joint ventures, Eco Atlantic seeks to de-risk each asset before committing to costly drilling operations.
With a focus on frontier basins that have seen limited historical drilling, Eco Atlantic Oil & Gas aims to deliver value through discovery and reservoir appraisal. Its ongoing technical programs and farm-in negotiations are designed to position the company for first-phase exploration wells, potentially unlocking large resource plays and creating value for shareholders.
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