ECO

Eco (Atlantic) Oil & Gas Ltd

Energy First-pass screen £226m

210/1000 Overall fit

AI beneficiary 35% 5

Operating leverage 25% 18

Valuation 25% 30

Downside protection 15% 50

First-pass take

Oil and gas exploration company with zero AI exposure, pre-revenue status, and annual cash burn of ~$8.3M. Net cash (~$37.7M post-raise) and zero debt provide runway, but cyclical commodity dependence offers no leverage to AI/digital megatrends.

Flags

exploration-stagepre-revenueloss-makingcyclicalcommodity-sensitiveno-valuation-datahigh-cash-burnnet-cash