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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

Comment by ROUGHTRADER2on Mar 16, 2012 1:24pm
139 Views
Post# 19681665

RE: RE: RE: RE: RE: Keep some Cash

RE: RE: RE: RE: RE: Keep some Cash

I agree with the long term investment approach to Eco Atlantic. News from any Namibian regional oil players and the Namibian government can have an affect or influence on the SP. News about the GUY Block as well. It's best to buy and hold for security.

We know the day flippers will come and go. They won't last for long. They like to lose out and keep trying harder. The trading percentages are against them historically. They play into the hands of the MM's that steal their shares on the cheap.The MM's buy more and hold for the longer term SP increase more strategically. You can't beat their blackboxes' algorithmics.  

Don't be manipulated by the MM's or dayflippers' influence on the current SP.

Staying long and strong.

Cheers

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