Eco (Atlantic) Oil & Gas Ltd ECAOF
$0.68 $0.00 (0.36%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
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ECAOF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Eco (Atlantic) Oil & Gas Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
Eco (Atlantic) Oil & Gas Ltd. Stock Analysis ECAOF
United States Energy Micro Cap Eco Atlantic Oil and Gas Ltd. engages in the exploration and development of petroleum, natural gas, shale gas, and coal bed methane licenses. The firm operates a 100% working interest in the 1,354 square kilometers (km2) Orinduik Block in Guyana. The Orinduik Block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin. The firm holds operatorship and an 85% working interest in four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration licenses (PELs) 97 (the Cooper License); 98 (the Sharon License); 99 (the Guy License); and 100 (the Tamar License), representing a combined area of approximately 28,593 km2 in the Walvis Basin. In South Africa, the Company holds an approximately 5.25% working interest in Block 3B/4B and pending government approval of a 75% operating interest in Block 1, in the Orange Basin, totaling some 37,510km2.
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Financial Metrics & Statements of Eco (Atlantic) Oil & Gas Ltd (ECAOF)
FAQ's for Eco (Atlantic) Oil & Gas Ltd (ECAOF)
- As of August 2026, Eco (Atlantic) Oil & Gas Ltd ECAOF is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Eco (Atlantic) Oil & Gas Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Eco (Atlantic) Oil & Gas Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Eco (Atlantic) Oil & Gas Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Eco (Atlantic) Oil & Gas Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Eco (Atlantic) Oil & Gas Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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