Eco (Atlantic) Oil & Gas

ECO.L

Oil & Gas Exploration & Production · Energy

Exchange

London Stock Exchange

Winston Score

–

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We couldn’t gather enough financial data to score this stock reliably.

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Winston Score History

The full picture

Eco (Atlantic) Oil & Gas is a small exploration company that searches for oil and gas beneath the ocean floor. It holds offshore drilling licenses in Guyana, Namibia, and South Africa — regions that have attracted major oil companies due to large recent discoveries nearby. The company does not yet produce oil; it focuses on finding it.

Eco Atlantic makes money by owning stakes in exploration licenses and partnering with larger oil companies, like Afaruk and Africa Oil, who fund drilling in exchange for a share of any future production. It operates entirely in frontier and emerging offshore basins, and its 100% gross margin reflects the fact that it has no production costs yet — just overhead. The main risk is that exploration is highly uncertain: wells can come up dry, and the company burns cash with no revenue from sales, making it dependent on partners and capital markets to keep drilling.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

<−1,000% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-521.1% YoY

YoY Growth Rate

Earnings declining

Insider Activity

17.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~19 months

£15M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Eco (Atlantic) Oil & Gas's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

242.9%

Excellent — 242.9% operating margin

Return on the money invested

ROCE

-51.9%

Weak — -51.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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