This announcement replaces the recently issued “Eco Atlantic Issues AIM CPR and TSX Compliant NI-51-101 Report on Guyana Block” announcement, released by the Company at 7.00 a.m. on Tuesday 11 September 2018 under RNS number 3445A.

September 11, 2018

September 11, 2018 - 4:40 AM EDT

This announcement replaces the recently issued "Eco Atlantic Issues AIM CPR and TSX Compliant NI-51-101 Report on Guyana Block" announcement, released by the Company at 7.00 a.m. on Tuesday 11 September 2018 under RNS number 3445A.

The title of the announcement contained a typographical error in reference to the P50 (Best Estimate) Gross Prospective Resource. The correct figure should read 2,913 MMBOE instead of 2.9 MMBOE.

The full announcement including the amended text appears below.

Eco Atlantic Issues AIM CPR and TSX Compliant NI-51-101 Report on Guyana Block Orinduik License P50 (Best Estimate) 2,913 MMBOE Gross Prospective Resources

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.

To view the full announcement, please click on the following link.

http://www.rns-pdf.londonstockexchange.com/rns/3904A_1-2018-9-11.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

To view the original release, please click here

Source: Eco (Atlantic) Oil and Gas Ltd. (TSX Venture:EOG, LSE:ECO, OTC Bulletin Board:ECAOF)

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