Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s): ECAOF

Energy Oil & Gas E&P

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.

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Eco (Atlantic) Oil & Gas Ltd

Bullboard Posts

Comment by seekthetruth2on Mar 22, 2012 12:07pm

191 Views

Post# 19705308

RE: RE: RE: RE: RE: RE: RE: Like clockwork

I guess some were not aware that its very common for stocks to pull back to their breakout areas. It happens all the time. Matter of fact it is probably more uncommon if it doesn't. That being the said, it won't be a surprise now for some, if it happens to EOG.UNX retraced and so did New Zealand Energy as have tons of other stocks in the past. So theoretically it could happen to EOG and if it does, I think most would consider it a blessing if we touched the $.60 to $.70 cent level again before heading back up.

Bullboard Posts

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