Eco (Atlantic) Oil & Gas Ltd. Overview
Pro stress-test →Eco Atlantic is an offshore oil and gas exploration company focused on identifying, acquiring, and exploring assets in Guyana, Namibia, and South Africa. The company operates as a pre-revenue exploration play with strategic licensed interests across three key African Atlantic margins and South American basins, positioning itself to benefit from future commercialization of discovered reserves.
Strategic Profile
Pro stress-test →The company holds a 100% working interest in the Orinduik block in the Suriname Guyana basin and 17.5% interests in the Canje Block in Guyana. In Namibia, the company holds operatorship and an 85% working interest in four offshore petroleum licenses (Cooper, Sharon, Guy, and Tamar) covering approximately 28,593 km² in the Walvis Basin. Its competitive position rests on multi-jurisdictional exploration exposure and operatorship in high-potential deepwater and shallow-water blocks.
Competitive Landscape
Pro stress-test →Eco Atlantic competes with other junior and mid-cap offshore exploration companies focused on African Atlantic margins, including CGX Energy, Reconnaissance Energy Africa, and Sintana Energy. Key differentiators include operatorship stakes in high-potential deepwater blocks and multi-jurisdictional licensing. Unlike larger integrated majors, Eco relies on farm-in partnerships and debt/equity markets to fund exploration and appraisal activities.
Industry Context
Eco (Atlantic) Oil & Gas Ltd. operates in Oil and Gas Exploration & Production.
Key facts
Headquarters: Toronto, Ontario, Canada · Employees: 8 · Revenue: CAD $2M · Market cap: CAD $283–383M