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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 NeoMon Mar 19, 2012 2:34pm
183 Views
Post# 19690799

RE: RE: 2 players

RE: RE: 2 players

Well, I would say we've seen this before. Due to good news a stock rises several percent and the big players can't jump on the train.

So they trying to stop it. For several days firstly they ramp it down, hold it there and as soon as they start accumulating the "small ones" give their shares away, beeing happy that they got some money back and out of the game.

Afterwards they wonder what happens to the stock suddenly, because the share price is rising and rising again. Simple game, but everytime effektive again.

Just hold your shares tight and don't get nervous even if the share price is dropping below 1CAD$.

In a couple of weeks we will look back and think "So cheap!?"

I follow the explorer stories in East- and West-Africa since a while. This might be one of the few chances becoming a part of it for a couple of bucks.

Cheers, Neo

 

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