Another sub-penny oil with a promising chart this is.
Today a White Marubozu candlestick was formed.
The MCAD Line and Slow Volatility, positive moving they are.
In 6 months, no such volume has there been.
Is something up?
Patients and time will tell.
BUSINESS SUMMARY
Seven Seas Petroleum, Inc. engages in the exploration and development of oil and gas properties located in Colombia, South America. Its principal assets are a 57.7% interest in the Dindal and Rio Seco association contracts, which cover the area in which the Guaduas Oil Field is located; and a 100% interest in the Deep Dindal association contract. The Guaduas Oil Field, which covers a total of approximately 89,900 contiguous acres, is located in the capital state of Cundinamarca, approximately 60 miles northwest of Bogota. As of June 30, 2002, Seven Seas’ estimated net proven reserves were 16.3 million barrels of oil. In January 2003, the company filed for protection under Chapter 11 of the United States Bankruptcy Code.
Doji One Kenobi
