Eco (Atlantic) Oil and Gas Ltd. (ECAOF)

[pro_s2009]

As far as I am concerned.

When good things happen on drills - spikes in the share price happen - price rises.

When bad things happen (like mechanical issues) - share drops happen - price falls.

The Gazania-1 well is a 25 day well on a dry hole basis.

30 days on a discovery in either the Namaqualand or Gazania targets.

With sidetrack into the Pelargonium this would extend to 45 days.


Now we know :

No oil in Nam/Gaz then no sidetrack. So if they are sidetracking then its not a duster.

The share price has risen strongly, with spikes and frenzied buying at times. That points to "good things" at the drill site.......and not any problems.

So as I have said all along, I am more than happy to hold all my ECO shares and have not sold one.

Regardless of Gazania result.......we still have 3B/4B farm out coming with drilling, as well as Guyana drilling, as well as possibly Namibia drilling. All of which will push the share price past what it currently is anyway.........

Fingers crossed we will soon hear of a "Major Oil Discovery"............