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Standard Fortran 2003 says 3.3.2.4 Fixed form statements A label, if present, shall occur in character positions 1 through 5 of the first line of a statement; otherwise, positions 1 through 5 shall be blank. Blanks may appear anywhere within a label. It means that appearing of any symbols except [0-9] in positions 1-5 must be interpreted as incorrect label and cannot be highlighted as correct keywords, identifiers etc.