I find myself working with a package written in Fortran 77 in the 1990s, and it uses an exclamation mark in column 6 to indicate continuation. The Fortran standards explicitly permit this. The Fortran 95 standard, for instance, says in 3.3.2.1:
The character '!' initiates a comment except when it appears within a character context or in character position 6.
FTN95, in contrast, treats a fixed form source line with blanks in columns 1-5 and a '!' in column 6 as a comment. Thus
subroutine BasInf(KAT,MaxIt,TolTh,TolH,lWat,lChem,AtmInF,ShortF,
! SeepF,CheckF,FluxF,FreeD,DrainF)
gives rise to the continuation line being treated as a comment, hence giving rise to a syntax error.