Eco (Atlantic) Oil & Gas Ltd. provided technical interpretation of recent oil proven by HRT Participações em Petróleo S. A in the Walvis Basin and announces appointment of David Dudkiewicz as Corporate Secretary of the company. HRT announced last night the results from drilling its Wingat-1 Prospect which confirmed that the well established two different source rocks, and proved that the source rock is in the oil generation window. The well discovered light grade oil and validates Eco Atlantic's understanding of the presence of an oil kitchen in the Walvis Basin, which is home of the company's three offshore blocks.

This first of a three well drilling campaign in the region for HRT, is located some 200 km to the northwest of Walvis Bay, on Namibia's Skeleton Coast. The Block 2212A and 2212B is located between Eco Atlantic's Sharon and Guy Licenses and just to the South the company's Cooper License. HRT's original target in this well was a carbonate reef platform charged by pre-Aptian source rocks.

HRT announced completion of the drilling of this first well to a Total Depth of 5,000 meters. According to HRT's public disclosure, the Wingat well established and identified two developed source rocks and encountered several bedded sand reservoirs which showed increasingly more oil shows with depth. Additionally, HRT announced that four oil samples of light grade oil (38 (o) to 42 (o) API) were retrieved from the well.

The reservoir quality of the carbonate reef targeted in the well and its capacity to hold and store oil was less developed than anticipated and the well is defined as uncommercial. Dudkiewicz is a corporate and securities lawyer and acts as in-house counsel for Eco Atlantic. Effective immediately, Mr. Dudkiewicz is replacing Michael Kleinman, the company's current Corporate Secretary.