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Home CompaniesEco Atlantic Oil & Gas Ltd

Eco Atlantic Oil & Gas Ltd

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.77 CAD -0.04 ( 4.94%)
Last update at 2026-11-03T20:45:00Z
VOLUME
15540
Market Cap
401.18M

Momentum Score

…

Eco (Atlantic) Oil & Gas Ltd. engages in the identifying, acquiring, and exploring oil and gas assets in the Co-Operative Republic of Guyana, Republic of Namibia, and South Africa. The company holds a 100% working interest in the Orinduik block comprising 1,354 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana. It also holds 85% working interest in the Cooper Block, which covers an area of approximately 5,788 square kilometers; Sharon Block, which covers an area of approximately 5,700 square kilometers; Guy License covering an area of approximately 11,457 square kilometers; and Tamar Block that covers an area of approximately 5,649 square kilometers located in the Walvis Basin offshore, Namibia. In addition, the company holds two offshore petroleum licenses in South Africa, including 2B Block and the 3B/4B Block. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.76
Low
0.79
High
52 Week Price Range
0.12
Low
1.31
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Eco Atlantic Oil & Gas Ltd is a Canada-listed junior oil and gas exploration company focused on acquiring and evaluating offshore acreage in Namibia and other African frontier basins. Long-term growth may be driven by exploration success, farm-out or joint-venture deals and progress toward commercial discoveries, which could support value appreciation; investors may find exposure to underexplored acreage appealing for high upside.

Major risks are high exploration and execution risk, lack of production with ongoing financing needs, commodity price swings and political or regulatory uncertainty in operating jurisdictions.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.81
Dividend Yield
-
Revenue TTM
0.09M
Revenue Per Share
-
Gross Profit TTM
-2.39M
Debt / Equity
-
ROE
-4.05%
Net Debt
-2.97M
ROCE
-28.03%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Income before tax -2.28M -21.67M -36.63M -5.25M -3.68M
Minority interest - -0.11M -0.15M -0.02M -0.05M
Net income -2.28M -21.25M -36.55M -7.99M -3.63M
Selling general administrative 1.67M 1.33M 5.39M 2.01M 2.08M
Gross profit - 0.00M 0.07M 0.00M -
Reconciled depreciation - - -0.06M -0.02M 0.02M
Ebit - -4.84M -38.36M -3.83M -3.67M
Ebitda - 11.98M -40.78M -5.11M -3.64M
Depreciation and amortization - 16.82M -1.83M -1.27M 0.03M
Operating income -5.71M -4.84M -38.36M -3.83M -3.67M
Other operating expenses - 4.84M 38.43M 3.94M 3.70M
Interest expense - - - 0.01M 0.00M
Tax provision 0.00M -0.54M 0.00M - -
Interest income 0.09M - - 0.00M 0.05M
Net interest income 0.08M -0.01M -0.03M -0.01M 0.04M
Income tax expense - -0.54M -0.64M 2.73M -0.05M
Total revenue 0.00M 0.00M 0.07M 0.00M -0.02M
Total operating expenses 5.71M 4.84M 38.43M 3.94M 3.70M
Total other income expense net 3.35M -16.82M 1.76M -1.42M -0.01M
Discontinued operations - - 0.08M -1.30M -0.20M
Net income from continuing ops -2.28M -21.14M -36.63M -5.25M -3.68M
Net income applicable to common shares - - - -6.56M -3.63M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Total assets 21.56M 31.26M 55.62M 45.87M 16.93M
Intangible assets 16.45M 28.17M 40.85M 30.75M 2.48M
Other current assets - 0.07M - 2.06M 0.19M
Total liab 1.18M 1.25M 4.97M 5.65M 0.95M
Total stockholder equity 20.38M 30.02M 50.65M 40.22M 16.03M
Other current liab - 0.20M 0.26M 3.72M 0.10M
Common stock - 122.09M 121.57M 63.14M 59.10M
Capital stock 107.13M 122.09M 121.57M 63.14M 59.10M
Retained earnings -100.07M -109.10M -87.96M -51.41M -44.81M
Other assets - - - - 1.90M
Cash 4.73M 2.97M 4.11M 3.44M 11.81M
Total current liabilities 1.18M 1.25M 4.97M 5.65M 0.62M
Current deferred revenue - 0.11M - - -
Net debt - -2.97M - - -
Short term debt - -0.11M - - -
Other stockholder equity - 17.68M 17.05M 28.49M 1.75M
Property plant equipment - - 40.85M 30.75M 1.40M
Total current assets 5.12M 3.10M 6.15M 5.84M 13.62M
Long term investments - 0.00M 8.61M 9.28M -
Net tangible assets - - - 40.22M 16.03M
Short term investments 0.07M 0.01M 0.01M 0.05M 1.55M
Net receivables 0.05M 0.12M 1.53M 0.29M 0.07M
Inventory - -0.07M - - -
Accounts payable 1.03M 1.04M 4.27M 1.77M 0.42M
Accumulated other comprehensive income - -0.65M - - -
Non currrent assets other - - - - 0.49M
Non current assets total 16.45M 28.17M 49.46M 40.03M 3.31M
Capital lease obligations - - - 0.00M 0.35M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Investments -0.06M 4.30M 0.04M -8.50M -1.50M
Change to liabilities - - 0.00M -0.01M 0.04M
Total cashflows from investing activities - - 0.95M -8.50M -3.31M
Total cash from financing activities - 0.00M 35.67M 4.87M 4.87M
Change to operating activities - - - -0.00M -0.04M
Net income -2.28M -21.14M -36.63M -6.56M -3.68M
Change in cash 1.72M -1.14M 0.67M -8.37M -6.86M
Begin period cash flow 2.97M 4.11M 3.44M 11.81M 18.67M
End period cash flow 4.73M 2.97M 4.11M 3.44M 11.81M
Total cash from operating activities -5.52M -5.33M -35.79M -4.63M -3.50M
Issuance of capital stock - 0.00M 35.67M 4.79M -0.96M
Depreciation - - -0.06M -0.02M 0.02M
Other cashflows from investing activities - - - - -0.49M
Change to account receivables -0.02M 1.49M -1.27M 0.53M -0.00M
Other cashflows from financing activities - 4.30M 47.19M 0.08M -3.31M
Change to netincome - - - 1.41M 0.10M
Capital expenditures 0.00M 0.00M 1.60M 0.00M 1.74M
Change in working capital -0.27M -1.42M 1.03M 0.52M 0.00M
Stock based compensation 0.43M 0.10M 2.97M 0.01M 0.14M
Other non cash items -3.40M 25.46M -3.15M 1.40M 0.00M
Free cash flow -5.52M -5.33M -37.39M -4.63M -5.25M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
EOG
Eco Atlantic Oil & Gas Ltd		 -0.04
4.94%		 0.77 - 1.05 145.60 16.68 158.20 -25.23
LGN
Logan Energy Corp		 -0.01
0.33%		 1.50 15.00 14.99 3.80 1.96 3.98 5.87
RECO
Reconnaissance Energy Africa Ltd		 0.02
4.00%		 0.52 - - 10.07 2.29 11.64 -7.57
CEI
Benchmark Metals Inc		 -0.02
2.90%		 0.67 - 27.03 23.27 2.66 20.42 1369.65
ALV
Alvopetro Energy		 0.11
1.18%		 9.46 9.64 7.13 5.53 2.26 3.67 5.10

Profile*

Eco Atlantic Oil & Gas Ltd

Eco (Atlantic) Oil & Gas Ltd. engages in the identifying, acquiring, and exploring oil and gas assets in the Co-Operative Republic of Guyana, Republic of Namibia, and South Africa. The company holds a 100% working interest in the Orinduik block comprising 1,354 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana. It also holds 85% working interest in the Cooper Block, which covers an area of approximately 5,788 square kilometers; Sharon Block, which covers an area of approximately 5,700 square kilometers; Guy License covering an area of approximately 11,457 square kilometers; and Tamar Block that covers an area of approximately 5,649 square kilometers located in the Walvis Basin offshore, Namibia. In addition, the company holds two offshore petroleum licenses in South Africa, including 2B Block and the 3B/4B Block. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.

7 Coulson Avenue, Toronto, ON, Canada, M4V 1Y3

https://www.ecooilandgas.com

Name Title Year Born
Mr. Gil Holzman Co-Founder, CEO, Pres & Exec. Director 1972
Mr. Alan Mark Rootenberg B.Com., B.Comm, C.A., CPA Chief Financial Officer 1952
Mr. Colin Brent Kinley COO & Director 1960
Mr. Alan Mark Friedman B.Com., Bcomm, Bproc Law Exec. VP, Corp. Sec. & Director 1972
Mr. Gadi Levin B.Com., C.A., CPA, M.B.A., MBA Fin. Director & Director 1973
Alice Carroll Head of Marketing & IR NA
Mr. Derek N. Linfield BA(Ed), BSc., LLB., MBA. Consultant 1957
Mr. Gil Holzman Co-Founder, CEO, President & Executive Director 1972
Mr. Gadi Levin B.Com., C.A., CPA, M.B.A. Finance Director & Director 1973
Ms. Alice Carroll Head of Corporate Sustainability & Executive Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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