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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 seekthetruth2on Mar 23, 2012 4:19pm
255 Views
Post# 19711759

RE: RE: RE: behaving as expected

RE: RE: RE: behaving as expected

Whether we like or not, breakouts like to be retested. We saw that in UNX, we saw that in New Zealand Energy, and we saw that in CGX Energy to name just a few and I believe it will also happen with EOG. UNX, New Zealand Energy and CGX Energy have not been crushed since their pullbacks CalDude, quite the contrary as a matter of fact.. UNX skyrocketed to the mid six dollar range before getting taken by HRT after its pullback to around $.50. New Zealand Energy has catapulted to near $4 after it retraced to $1.10 and CGX Energy has also followed suit and is now in the mid $1.30 range from its retracement at $.55. So your statement that "all the hard work (are you taking about yourself CalDive) over the last three weeks marketing it to high net worths would put it into a place it couldn't come back from" is really just a bunch of hooey. I think its really more about your bruised ego my friend.

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