Eco (Atlantic) Oil & Gas Ltd. (ECAOF)
Eco (Atlantic) Oil & Gas Ltd. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Toronto, ON, CA. The stock last traded at $0.69, down 1.65% on the session, giving a market capitalisation of $240.5M. On trailing twelve-month figures it carries a trailing P/E of -29.91, a net margin of 0.0%. Its beta of 0.95 implies it has historically moved less than the broad market.
Headquartered in Toronto, Canada, Eco (Atlantic) Oil & Gas Ltd. is actively involved in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas assets. Its primary geographical focus areas are the Republic of Namibia and the Co-Operative Republic of Guyana. In Guyana, the company possesses a 15% working interest in the Orinduik Block, an area of 1,800 square kilometers situated within the Suriname-Guyana basin. Furthermore, it holds interests in Guyana's Canje Block, spanning 4,800 square kilometers. Shifting to Namibia, Eco (Atlantic) boasts an 85% working interest across multiple blocks located in the offshore Walvis Basin. These include the Cooper Block (approximately 5,788 square kilometers), the Sharon Block (around 5,700 square kilometers), the Guy License (covering about 11,457 square kilometers), and the Tamar Block (encompassing roughly 5,649 square kilometers). Additionally, the firm diversifies its portfolio through engagement in solar project development.
Eco (Atlantic) Oil & Gas Ltd. is most often compared with the following Energy names: