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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 Company 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 Company 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 6.25% 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.


TSXV:EOG - Post by User

Post by grh525on Mar 21, 2012 8:12pm
333 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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