Our product team has completed the analysis and the root cause of this issue has been identified. However, because of complexity, the implementation of the fix of this issue has been postponed for now (no ETA is available). We will inform you as soon as this issue is resolved. We apologize for your inconvenience.
Inserting an 'EPS' image is not supported by Aspose.Words.
The 'EPS' is 'Encapsulated PostScript' file format. This format is not natively supported by MS Word. When inserting EPS picture in GUI, MS Word converts it to WMF format. Aspose.Words checks such case and tries to convert it to PNG using system GDI+.
Unfortunately, GDI+ does not support EPS format too: https://msdn.microsoft.com/en-us/library/at62haz6.aspx and also see remarks at https://msdn.microsoft.com/en-us/library/0cbhe98f.aspx and https://msdn.microsoft.com/en-us/library/stf701f5.aspx
That is why Aspose.Words throws an exception when we create a new Bitmap. So, it seems we need to implement a converter or rasterizer from 'EPS' to one of the supported by MS Word image formats to solve the problem.
'EPS' is a DSC-conforming PostScript document with additional restrictions.
Note that EPS can have a preview picture of the content, for on-screen display (TIFF or WMF). But, unfortunately, your EPS file does not contain it.
The specification for 'EPS' can be found at http://partners.adobe.com/public/developer/en/ps/5002.EPSF_Spec.pdf
The specification for PostScript language can be found at https://www.adobe.com/products/postscript/pdfs/PLRM.pdf
All Adobe PostScript documentation can be found also at a single place: http://partners.adobe.com/public/developer/ps/index_specs.html (it seems it can be unavailable sometimes)
The additional PostScript Tutorial that can be useful: http://paulbourke.net/dataformats/postscript/
Also, we maybe need to look for a third-party API for converting images.
In addition, we probably should throw an exception with more appropriate description.