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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. 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 (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Post by grh525on Mar 21, 2012 8:12pm
332 Views
Post# 19702851

Chart and Pullback - Sub $1 days over

Chart and Pullback - Sub $1 days over

I don't take the chart too seriously when you have this company valued at $68 million market cap.  But looking at the chart, last two big pullbacks took the stock to mid 80s then mid 90s. With this current pullback, I don't see it going lower than $1. The days for sub $1 are over in my opinion especially as more new investors (not traders) have their eyes on this now and accumulate their position for the long run.

 

 

Again, since Sharon came out resources estimates are 7 times larger yet the stock has not double base on today's closing.

 

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