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Operations: Eco (Atlantic) Oil & Gas Ltd. does not currently report any revenue segments.

Market Cap: CA$68.48M

Eco (Atlantic) Oil & Gas Ltd., with a market cap of CA$68.48 million, is pre-revenue and currently unprofitable, reporting minimal revenue and increasing net losses in recent quarters. The company benefits from a seasoned management team with an average tenure of 13.1 years and an experienced board. It has no long-term liabilities and maintains sufficient cash to cover more than a year of operations at current expenditure rates, despite historical cash flow reductions. Short-term assets significantly exceed short-term liabilities, providing some financial stability without debt concerns or shareholder dilution over the past year.

• Dive into the specifics of Eco (Atlantic) Oil & Gas here with our thorough balance sheet health report.

• Gain insights into Eco (Atlantic) Oil & Gas' outlook and expected performance with our report on the company's earnings estimates.

TAG Oil

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: TAG Oil Ltd. is involved in the exploration, development, and production of oil and gas across Canada, the Middle East, and North Africa with a market cap of CA$30.54 million.

Operations: The company generates revenue primarily from its petroleum exploration and production segment, amounting to CA$0.62 million.

Market Cap: CA$30.54M

TAG Oil Ltd., with a market cap of CA$30.54 million, remains pre-revenue, generating less than US$1 million annually. The company recently reported increased net losses for the third quarter and nine months ending September 2024. Despite being debt-free and having short-term assets exceeding liabilities, TAG Oil faces financial challenges with less than a year of cash runway if free cash flow continues to decline. Strategic efforts include raising CA$10 million through public offerings to fund expansion in Egypt's Western Desert, aiming to capitalize on significant unconventional resource plays while stabilizing production at existing sites.

• Click here to discover the nuances of TAG Oil with our detailed analytical financial health report.

• Examine TAG Oil's earnings growth report to understand how analysts expect it to perform.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:CLM TSXV:EOG and TSXV:TAO.

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