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HECC referenced in DOJ criminal charges:
https://www.justice.gov/usao-edny/pr/corporate-insiders-and-managers-long-island-boiler-room-indicted-orchestrating-147
HECCQ revoked:
https://www.sec.gov/litigation/admin/2017/34-81004.pdf
Anyone still here? Anyone know anything about the value of the three easements that they still own?
SEC sues three local men claiming securities fraud
By L.M. Sixel, Houston Chronicle Updated 5:36 pm, Monday, February 20, 2017
http://www.chron.com/business/article/SEC-sues-three-local-men-for-securities-fraud-10946161.php
The Securities and Exchange Commission sued three local businessmen for allegedly violating federal securities laws, claiming they participated in a scheme to inflate the size and importance of a small energy company so it could be "uplisted" to a major stock exchange.
The SEC alleged in the lawsuit that the scheme involved sham transactions, self trading and fraudulent securities filings aimed at boosting the value of Hydrocarb Energy Corp. in order to raise more capital and create a market in which the businessmen could sell shares at a profit. The suit was filed in U.S. District Court in Houston.
The agency accused Kent P. Watts, 69, former chief executive officer and chairman of Hydrocarb, along with his brother, Michael E. Watts, 71, of engaging in fraud as they tried to move Hydrocarb's stock from the decentralized over-the-counter market where investors deal directly with one another to the Nasdaq stock exchange, the world's second largest stock exchange. Michael Watts worked as a consultant of Hydrocarb, according to the lawsuit.
The SEC also alleged that Kirby Caldwell, 34, sold unregistered securities. Caldwell is the nephew of Kent Watt.
None of the three could be immediately reached for comment. They have not filed a response to the lawsuit in federal court.
The SEC alleges that the Watts sought to replicate a more successful effort back in the 2000s when they "uplisted" the stock of another small company they controlled, Hyperdynamics Corp., to the New York Stock Exchange, the world's largest equities market.
In that deal, according to the SEC lawsuit, the brothers made tens of millions of dollars in profits by selling their shares.
But in the more recent effort the Nasdaq listing effort ultimately failed, according to the lawsuit, and Hydrocarb filed for bankruptcy protection in April 2016.
The SEC is seeking unspecified civil penalties.
http://www.chron.com/business/article/SEC-sues-three-local-men-for-securities-fraud-10946161.php
34-80058 Feb. 17, 2017 Hydrocarb Energy Corp.
https://www.sec.gov/litigation/admin/2017/34-80058.pdf
HECCQ insiders and 4 funds acquired 20.6 million shares at $0.5-0.6, so they won't let it to stay at $0.07 for long, Huge bouncing coming soon!!!
Just be a bit patient, huge gains coming!!!
Oh, good finds. We can see some huge potentials here, on the other hand,
The insiders acquired 10.2 M shares in Nov:
Nov 16, 2015, HERNDON S CHRIS, Director, Acquisition: 10,211,166 shares.
http://www.otcmarkets.com/stock/HECCQ/insider-transactions
And its SC-13G filed on Apr 22, shows 4 funds are holding around 10.4 Million shares in total, as of Apr 22, 2016.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11330583
So, the insiders and 4 funds are holding 20.6 million shares totally, or 80% of the 26 m O/S. Vast holdings!
Their 20.6 million shares were worth $56.6 million when it were $2.75 and now are only worth $1.3 million at $0.065.
Strongly believe the insiders and the funds will take strong actions to protect themselves and the shareholders.
It won't stay here for long! Will be hugely rebounding Back to $0.5 - $1 ranges, if not $$!
We'll see.
HECCQ, SC-13G filing on Apr 22, shows 4 funds are holding around 10.4 Million shares as of Apr 22, 2016. out of 26 m O/S.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11330583
So, plus 1 insider acquisition of 10.2 million shares in Nov. they're holding 20.6 million shares totally and HECCQ is now just $0.06 from as high as $2.75, How Much have they lost ???
Vast losses!!!
Wow, HECCQ, from $2.75 to $0.06, insider acquired 10.2 M shares in Nov:
Nov 16, 2015, HERNDON S CHRIS, Director, Acquisition: 10,211,166 shares.
He must be a Big loser!!!
The noteholder is actually part of the company and the management. They just changed owner's name and will get it back by emerging with the stock intact. Now, They're accumulating big shares currently, then will push it to go back to previous pps.
JMO. We'll see.
HECCQ, $0.065, starting moving, High: $2.75, O/S: 26 m ( very low). Should be bouncing hugely soon!
Lower sub penny , converts destroying this deal ., float expanding
Hmm still think this will bounce somewhere?
HECCQ, this penny stock even filed Bankruptcy ? ! What a POS!
Revenue: $1.8 m
Loss: $11.2 m
Cash: $88k
Deficits: $93 M
So, the creditor acquired this Garbage for Nothing at all !!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11257621
It'll be Shut down soon, so the stock will be deleted!!!
HECC changed to HECCQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
Bankruptcy coming sub penny , float increasing , convertible debt converting
Game over , now a tax loss trade
They have (~3 million) in barrel reserves as well if I am not mistaken. They just haven't done anything in a while, especially regarding Namibia, and so no buying made it a piece of cake to take down. Possibly seeing a pincher play take form as well.
HECC is on OTCQB, much better than most other OTCBB/Pinky Stocks. From $2.75 to $0.1, over-over sold.
Will be bouncing hugely soon with just 26 m O/S.
HECC, $0.1, reversing and huge bouncing coming. It was High: $2.75 not long ago. O/S: 26 m (tiny).
HECC, from $2.75 to $0.09, what a run!!!
Shorts crushed it! They had some bad news regarding some sort of financing. I believe it is oversold and chart is showing a pincher play developing. We will see.
Great call.
One year low is 40 cents.
8K convertible note in dispute of defaulting
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
As previously reported in the Current Report on Form 8-K filed by Hydrocarb Energy Corporation (“we”, “us”, and the “Company”) with the Securities and Exchange Commission on December 2, 2015, on November 25, 2015, the Company received a notice of default from Typenex Co-Investment, LLC (“Typenex” and the “Default Notice”), which alleged the occurrence of an event of default under the terms of that certain Securities Purchase Agreement (the “SPA”) and Secured Convertible Promissory Note (the “Note”) sold by the Company to Typenex on October 16, 2015, due to the Company’s November 17, 2015 sale of an 8% Short Term Cash Redeemable Note to Darling Capital, LLC, which Typenex alleged constituted a ‘variable security’ which therefore resulted in a breach of the provisions of the SPA and Note because the Company did not first receive the approval of Typenex for such sale. Additionally, on November 30, 2015, the Company received a demand notice (the “Demand Notice”) from Typenex formally requesting and demanding the payment of the $2,006,429 alleged due under the Note by December 2, 2015.
As set forth in the December 2, 2015 Current Report, the Company vehemently disagreed with Typenex’s claims and allegations and refused to comply with Typenex’s demands.
On December 3, 2015, Typenex provided the Company correspondence pursuant to which Typenex stated that that it agreed with the Company’s contention that the Note required a 15 day cure right (which Typenex failed to provide for or take into account in connection with the Default Notice or Demand Notice), that Typenex was withdrawing the Default Notice and Demand Notice, and that although Typenex still believes an event of default has occurred, it is not currently seeking to enforce its rights. Additionally, Typenex declared that they were forbearing from taking any further actions under the SPA or Note during the following ten days to allow for, among other things, the parties to discuss the various issues raised and that they further reserved all rights and remedies available under the applicable transaction documents and clarified that they did not waive any rights, powers or remedies in connection with the correspondence sent.
The Company reiterates that it does not believe an event of default occurred under the Note or SPA, that it currently has no intention of paying Typenex under the Note or allowing Typenex to foreclose on any pledged shares, and that the Company continues to analyze its options moving forward in regards to the erroneous claims made by Typenex, which may include, but not be limited to filing a lawsuit against Typenex.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 1, 2015, Christine P. Spencer, the Chief Accounting Officer (Principal Financial Officer and Principal Accounting Officer) of the Company provided notice to the Board of Directors of the Company of her resignation as an officer and employee of the Company effective December 15, 2015, in order to return to work with one of her former employers.
The Company wishes to thank Ms. Spencer for her service to the Company and wishes her success in her future endeavors.
The Company has begun the search for a new Chief Accounting Officer and until such time as a replacement can be located, Kent P. Watts, the Company’s Chief Executive Officer will serve as interim Principal Financial Officer.
$HECC recent news/filings
bullish 2.29
double bottom
## source: finance.yahoo.com
Wed, 02 Dec 2015 13:30:00 GMT ~ Hydrocarb Energy Corporation Retains Law Firm of Christian Smith & Jewell to Aggressively Pursue Allegations of Securities Fraud Committed by Illegal Naked Short Sellers
[PR Newswire] - HOUSTON, Dec. 2, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced today that it has retained the law firm of Christian Smith & Jewell to help investigate allegations of illegal naked short selling of the company's stock. Christian Smith & Jewell has represented a number of leading publicly traded companies in their bids to combat illegal naked short selling, including Overstock.com and Taser International both of which alleged illegal activity which resulted in settlement. Such activity is similar to what Hydrocarb's management expects will be found also.
read full: http://finance.yahoo.com/news/hydrocarb-energy-corporation-retains-law-133000403.html
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Mon, 23 Nov 2015 22:09:35 GMT ~ HYDROCARB ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial
read full: http://biz.yahoo.com/e/151123/hecc8-k.html
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Mon, 16 Nov 2015 13:30:00 GMT ~ Hydrocarb Announces the Retirement of Floorless Notes
[PR Newswire] - HOUSTON, Nov. 16, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced it has succeeded in redeeming all its convertible notes that have floorless conversion rights. Hydrocarb Energy was able to complete several financings under more favorable terms which allowed the company to redeem all floorless convertible debt before any dilutive conversions into common stock could take place. The new financings that have facilitated the payoff of these floorless notes include approximately $1.74 million raised using the company's most recent private placement. In addition to these funds raised beginning around August 1, 2015, the company has implemented a new series of short term "Cash Redeemable Notes" that are not designed nor intended to be convertible into the company's common stock.
read full: http://finance.yahoo.com/news/hydrocarb-announces-retirement-floorless-notes-133000033.html
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Fri, 13 Nov 2015 21:48:13 GMT ~ HYDROCARB ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial
read full: http://biz.yahoo.com/e/151113/hecc8-k.html
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Wed, 28 Oct 2015 12:30:00 GMT ~ Hydrocarb Estimates 2.9 Million of Oil Barrel Equivalent Reserves from its Newest Reserve Report with Proven Oil Reserves Up 97% From 2014
[PR Newswire] - HOUSTON, Oct. 28, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced that investors can view online its current Reserve Report prepared in accordance with SEC standards by petroleum engineers Ralph E. Davis Associates. The report, dated September 11, 2015, which includes estimates as of July 31, 2015, indicates Hydrocarb currently has 2.017 million barrels of estimated oil in proven reserves (including producing, shut in, non-producing, behind pipe and undeveloped reserves), and an estimated 18.163 billion cubic feet of natural gas (including producing, shut in, non-producing, behind pipe and undeveloped reserves). Hydrocarb estimates that the gas equates to approximately 0.9 million barrels of oil equivalents (BOE) using a gas to oil conversion ratio of 20:1. The company uses this ratio currently to estimate the dollar value of gas in terms of barrels of oil and has assumed a $43 price for a barrel of oil and a $2.16 price per thousand cubic feet (MCF) of gas.
read full: http://finance.yahoo.com/news/hydrocarb-estimates-2-9-million-123000317.html
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$HECC charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HECC company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HECC/company-info
Ticker: $HECC
OTC Market Place: OTCQB
CIK code: 0001425808
Company name: Hydrocarb Energy Corporation
Company website: http://www.hydrocarb.com
Incorporated In: NV, USA
Business Description: Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa, production in Galveston Bay, we maintain offices in Houston, Texas and Windhoek, Namibia. For further information: www.hydrocarb.com.
$HECC share structure
## source: otcmarkets.com
Market Value: $53,930,718 a/o Dec 01, 2015
Shares Outstanding: 24,258,742 a/o Nov 10, 2015
Float: 9,790,474 a/o Oct 09, 2015
Authorized Shares: 1,000,000,000 a/o Oct 09, 2015
Par Value: 0.001
$HECC extra dd links
Company name: Hydrocarb Energy Corporation
Company website: http://www.hydrocarb.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HECC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HECC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HECC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HECC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HECC+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/news - http://finance.yahoo.com/q/h?s=HECC+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HECC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HECC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HECC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HECC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HECC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HECC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Hydrocarb+Energy+Corporation&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Hydrocarb+Energy+Corporation
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Hydrocarb+Energy+Corporation&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.hydrocarb.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.hydrocarb.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.hydrocarb.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HECC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HECC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HECC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HECC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HECC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001425808&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HECC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HECC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HECC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HECC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HECC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HECC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HECC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HECC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HECC+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HECC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HECC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HECC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HECC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HECC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HECC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HECC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HECC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HECC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HECC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HECC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HECC
$HECC DD Notes ~ http://www.ddnotesmaker.com/HECC
NO NOTE HOLDERS TO KILL THIS RUN 3 BUCKS COME ON!!
yep..big time!!
HECC IS A GREAT $$$$$ OPPORTUNITY.
HECC massive oil play...no debt...10m float ..2m barrels ..boom!!!
HECC 1.95 break sends this
HECC has an estimated 2 million barrels of oil in the ground and no DEPT with a 10m float. Last week PPS went from 1.00 to 1.76 without a peep from IHUB
HECC fantastic set up here and no notes!! 9m float and the tap is shut off!! watching for 1.95 break
Authorized Shares 1,000,000,000 a/o Oct 09, 2015
Hydrocarb Estimates 2.9 Million of Oil Barrel Equivalent Reserves from its Newest Reserve Report with Proven Oil Reserves Up 97% From 2014
Full Report available as exhibit to Form 8-K filed with the SEC on October 22, 2015
Oct 28, 2015, 08:30 ET from Hydrocarb Energy Corporation
HOUSTON, Oct. 28, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (OTCQB: HECC) announced that investors can view online its current Reserve Report prepared in accordance with SEC standards by petroleum engineers Ralph E. Davis Associates.
The report, dated September 11, 2015, which includes estimates as of July 31, 2015, indicates Hydrocarb currently has 2.017 million barrels of estimated oil in proven reserves (including producing, shut in, non-producing, behind pipe and undeveloped reserves), and an estimated 18.163 billion cubic feet of natural gas (including producing, shut in, non-producing, behind pipe and undeveloped reserves). Hydrocarb estimates that the gas equates to approximately 0.9 million barrels of oil equivalents (BOE) using a gas to oil conversion ratio of 20:1. The company uses this ratio currently to estimate the dollar value of gas in terms of barrels of oil and has assumed a $43 price for a barrel of oil and a $2.16 price per thousand cubic feet (MCF) of gas. Between the estimated oil and gas reserves reported, it is estimated that a total of 2.93 million BOE could be recoverable over the years covered by the report. This increase is an improvement of 97% year-over-year in estimated proven oil reserves, and a 51% increase in natural gas reserves year-over-year.
Investors and interested parties can access the full report at the following URL:
http://www.sec.gov/Archives/edgar/data/1425808/000121478215000179/ex99-2.htm
When asked to comment, Kent P. Watts, the company's Chief Executive Officer stated, "When we embarked on our 2014/15 workover and recompletion program, our estimated proven reserves increased as we moved probable reserves to the proved category and identified further proved undeveloped (PUD) drilling prospects. With 12 month trailing oil prices averaging approximately $71 per barrel the new report suggests a non-discounted $95 million of lease net cash flow potentially available to Hydrocarb before corporate G&A expenses.
"In addition, we are experiencing high levels of interest and activity in our 18,000 acres held by production in Galveston Bay. The current low price of oil has turned attention back to more traditional, lower cost oil sources. We believe that the significant increase in our estimated proven reserves and our status as one of only a few Texas P5 operators in Galveston Bay, along with our 20,000 barrels per day infrastructure capacity, makes us an attractive partner for entities seeking to develop lower cost sources of oil in Texas."
In 2016 and 2017 the company intends to increase production and improve revenues through recompletion of existing wells to other productive reservoirs and pursue drilling targets of the Frio formation reservoirs within the boundary of its leases, funding permitting.
About Hydrocarb: Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa and domestic production in Galveston Bay, we maintain offices in Houston, Texas, and Windhoek, Namibia.
For further information: www.hydrocarb.com.
Forward-looking Statements
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward looking words including "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Forward-looking statements are subject to risks inherent in natural gas and oil drilling and production activities, including risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; delays in receipt of drilling permits; risks with respect to natural gas and oil prices, a material decline which could cause the company to delay or suspend planned drilling operations or reduce production levels; risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in natural gas and oil prices; risks relating to unexpected adverse developments in the status of properties; risks relating to the absence or delay in receipt of government approvals or fourth party consents; and other risks described in the company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the SEC, available at the SEC's website at www.sec.gov. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the company. The company's SEC filings are available at http://www.sec.gov.
Contact:
PCG Advisory Group, LLC
Chuck Harbey, +1-646-863-7997
Managing Director, Corporate Advisory
charbey@pcgadvisory.com
www.pcgadvisory.com
Contact:
Kent P. Watts, CEO
800 Gessner, Suite 375
Houston, Texas 77024
Logo - http://photos.prnewswire.com/prnh/20150319/183121LOGO
SOURCE Hydrocarb Energy Corporation
Related Links
http://www.hydrocarb.com
A/S increased to 1 Billion shares per NVSOS
$HECC look good at the moment and testing a breakout today.
http://chartdiligence.com/hecc-trading-above-its-moving-averages-testing-a-breakout-today/
Notice is hereby given of an annual meeting of stockholders of Hydrocarb Energy Corp. (the “Company”) to be held on September 28, 2015 at 10:00 A.M. local time at 800 Gessner Road, Suite 375, Houston, Texas 77024 (the “Annual Meeting” or the “Meeting”), for the following purposes:
1. To elect two directors to the Board of Directors (the “Board”) each to serve a term of one year and until their respective successors have been elected and qualified, or until their earlier resignation or removal. The Board recommends the approval by the stockholders of the following two nominees: Kent P. Watts and S. Chris Herndon.
2. To approve an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock of the Company to 1,000,000,000 shares. The Board recommends that you approve and ratify an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock of the Company to 1,000,000,000 shares of common stock, $0.001 par value per share.
3. To approve an amendment to the Company’s Articles of Incorporation to authorize 100,000,000 shares of “blank check” preferred stock. The Board recommends that you approve and ratify an amendment to the Company’s Articles of Incorporation to authorize 100,000,000 shares of “blank check” preferred stock.
$HECC recent news/filings
bullish
inverted head and shoulders
## source: finance.yahoo.com
Wed, 01 Jul 2015 13:00:00 GMT ~ Hydrocarb Energy Increases Production, Decreases Costs
[PR Newswire] - HOUSTON, July 1, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced today that results of its 2014 Production Enhancement Program continue to result in increased production, even while some of the Company's production remains shut in due to limitations in salt water disposal and gas compression capacity. This graph demonstrates production gains of oil and gas since October 2014. When asked to comment, Chuck Dommer, Hydrocarb's President, said "We expect to have our capacity limitations fully addressed this summer, which will further increase production.
read full: http://finance.yahoo.com/news/hydrocarb-energy-increases-production-decreases-130000425.html
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Mon, 29 Jun 2015 13:00:00 GMT ~ Dr. Tobie Aupindi named President of Hydrocarb Energy's internationally focused Exploration Subsidiary
[PR Newswire] - HOUSTON, June 29, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced today that it has officially promoted Dr. Tobie Aupindi as the President of the company's US based subsidiary, Hydrocarb Corporation. Hydrocarb Corporation, also a Nevada corporation (herein referred to as "HCN") with its corporate office in Houston, Texas, focuses on international business growth through systematic global strategies in order to obtain growth by establishing relationships with foreign countries and negotiating for and obtaining oil and gas concessions. In addition to Dr. Aupindi's international responsibility of growing Hydrocarb Corporation, he will be working with HECC and HCN's boards to fully develop its business plan including financing activities to support the exploration for world class reserves.
read full: http://finance.yahoo.com/news/dr-tobie-aupindi-named-president-130000505.html
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Sat, 27 Jun 2015 17:04:07 GMT ~ HYDROCARB ENERGY CORP Financials
read full: http://finance.yahoo.com/q/is?s=hecc
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Fri, 26 Jun 2015 00:09:37 GMT ~ 10-Q/A for Hydrocarb Energy Corp.
read full: http://www.companyspotlight.com/routers/headline/27047/10004/6535275?cp_code=YAH1&1435277377
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Thu, 25 Jun 2015 13:00:00 GMT ~ Hydrocarb Energy Resets Subsidiary Focus for Expanded International Exploration
[PR Newswire] - HOUSTON, June 25, 2015 /PRNewswire/ -- Hydrocarb Energy Corporation (HECC) announced today that it has added S. Chris Herndon and Charles F. Dommer to the board of its internationally focused exploration subsidiary, Hydrocarb Corporation (HCN). Additionally Charles F. Dommer, HECC's President and Chief Operating Officer has been appointed Chief Executive Officer of the subsidiary. These formal changes to its board and management for its subsidiary along with other changes to follow are in preparation for expanding the company's opportunity base for exploration concessions in Africa.
read full: http://finance.yahoo.com/news/hydrocarb-energy-resets-subsidiary-focus-130000927.html
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$HECC charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HECC company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HECC/company-info
Ticker: $HECC
OTC Market Place: OTCQB
CIK code: 0001425808
Company name: Hydrocarb Energy Corporation
Company website: http://www.hydrocarb.com
Incorporated In: NV, USA
Business Description: Hydrocarb Energy Corporation is a publicly-traded Domestic and International Energy Exploration and Production Company targeting major under-explored oil and gas projects in emerging, highly prospective regions of the world. With exploration concessions in Africa, production in Galveston Bay, we maintain offices in Houston, Texas and Windhoek, Namibia. For further information: www.hydrocarb.com.
$HECC share structure
## source: otcmarkets.com
Market Value: $25,972,689 a/o Jul 14, 2015
Shares Outstanding: 21,289,089 a/o Jun 15, 2015
Float: 9,638,015 a/o Nov 14, 2014
Authorized Shares: 333,333,334 a/o Nov 14, 2014
Par Value: 0.001
$HECC extra dd links
Company name: Hydrocarb Energy Corporation
Company website: http://www.hydrocarb.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HECC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HECC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HECC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HECC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HECC+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/news - http://finance.yahoo.com/q/h?s=HECC+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HECC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HECC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HECC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HECC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HECC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HECC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HECC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Hydrocarb+Energy+Corporation&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Hydrocarb+Energy+Corporation
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Hydrocarb+Energy+Corporation&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.hydrocarb.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.hydrocarb.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.hydrocarb.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HECC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HECC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HECC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HECC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HECC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001425808&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HECC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HECC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HECC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HECC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HECC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HECC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HECC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HECC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HECC+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HECC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HECC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HECC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HECC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HECC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HECC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HECC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HECC/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HECC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HECC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HECC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HECC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HECC
$HECC DD Notes ~ http://www.ddnotesmaker.com/HECC
Proxy Soliciting Materials (revised) (prer14a)
Date : 03/19/2015 @ 6:02AM
To Our Stockholders:
Notice is hereby given of an annual meeting of stockholders of Hydrocarb Energy Corp. (the “Company”) to be held on May __, 2015 at 10:00 A.M. local time at 800 Gessner Road, Suite 375, Houston, Texas 77024 (the “Annual Meeting” or the “Meeting”), for the following purposes:
1. To elect two directors to the Board of Directors (the “Board”) each to serve a term of one year and until their respective successors have been elected and qualified, or until their earlier resignation or removal. The Board recommends the approval by the stockholders of the following two nominees: Kent P. Watts and S. Chris Herndon.
2. To approve an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock of the Company to 1,000,000,000 shares. The Board recommends that you approve and ratify an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock of the Company to 1,000,000,000 shares of common stock, $0.001 par value per share.
3. To approve an amendment to the Company’s Articles of Incorporation to authorize 100,000,000 shares of “blank check” preferred stock. The Board recommends that you approve and ratify an amendment to the Company’s Articles of Incorporation to authorize 100,000,000 shares of “blank check” preferred stock.
4. To approve the designation of 10,000 shares of Series A 7% Convertible Voting Preferred Stock. The Board recommends that you approve an amendment to the Company’s Articles of Incorporation setting forth the terms and conditions of the Company’s 10,000 shares of Series A 7% Convertible Voting Preferred Stock, which preferred stock was attempted to be designated by the Board of the Company in December 2013, without stockholder approval, and which Designation by our Board the Company now believes was contrary to the Company’s Articles of Incorporation, as described in greater detail below under “Proposal 4 - Approval of the Designation of 10,000 Shares of Series A 7% Convertible Voting Preferred Stock”, on page 32.
5. To ratify the appointment of MaloneBailey, LLP, as the Company’s independent auditors for the fiscal year ending July 31, 2015. The Board recommends that you approve and ratify the appointment of MaloneBailey, LLP, as the Company’s independent auditors for the fiscal year ending July 31, 2015.
6. To consider a non-binding advisory vote on compensation of our named executive officers. The Board recommends that you approve and ratify the compensation of our named executive officers.
7. To consider a non-binding advisory vote on the frequency of the advisory vote on compensation of our named executive officers. The Board recommends that you vote for “3 years” as to the frequency of holding advisory votes on the compensation of our named executive officers.
8. To approve the adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Annual Meeting for a quorum or to approve any of the proposals above. The Board recommends that you vote to approve the adjournment of the Annual Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Annual Meeting for a quorum or to approve any of the proposals above.
Do you plan to pick up some shares again since it is 30% down?
No, stopped out at 90s
Do you still hold your HECC shares?
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800 Gessner Suite 200 Houston, Tx. 77024 Phone: (281) 408-4880 Website: http://www.duma.com Email: info@duma.com Jeremy Driver CEO, President Steven L. Carter COO, VP, Ops. Sarah Berel-Harrop CFO, Secretary, Treasurer Contact Mission IR Mission Investor Relations Mission IR DUMA Information Sheet | | .
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Duma Energy Corp. (OTCBB: DUMA) is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Duma plans to continue increasing its domestic revenues and cash flow to fuel its aggressive growth through acquisition and participation in high impact international projects that have the potential to make exponential returns for our shareholders. Towards this goal, the Company acquired a 39% interest in a 5.3 million acre concession in the Republic of Namibia. This acreage position is larger than the state of Massachusetts. Duma began in 2005 and initiated trading publicly on the OTCBB in 2009 via registration. In 2006, the Company began producing its first properties in Texas and soon after added production in Louisiana. In late 2009, the Company hired Jeremy G. Driver as its new CEO and President. Mr. Driver had formally run the domestic oil operations for the Hyperdynamics Corporation (NYSE:HDY). Within 1 year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape Duma Energy. The acquisition of Galveston Bay Energy, LLC was completed in February 2011. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family. In March 2012, the company changed its name from Strategic American Oil Corp. to Duma Energy Corp. in order to enhance its expanded vision. |
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Key Investment Highlights
| Strategic Growth
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Projects | Galveston BayThe 4 fields located in the shallow waters of Galveston Bay and Trinity Bay (located North of Galveston Island) were purchased by the company in February 2011. The majority of these fields were originally developed and the facilities built by Exxon. Production from the fields is focused almost entirely on the Frio interval which has been the most prolific in the region. The company also operates several offshore production and processing platforms as well as pipelines that carry the produced gas and liquids to shore-based production and processing facilities where they are either disposed of or sold. Currently, the fields are receiving a full geological and engineering analysis to determine future projects including, reworks, recompletions, plugging, offsets, and potential new drilling locations. A new well was recently drilled in the Fishers Reef Field, Trinity Bay and is currently awaiting completion. Depth Range: 8,000-10,000 feet Average Working Interest: 90% Average NRI: 70% Operator: Galveston Bay Energy LLC (wholly owned subsidiary of Duma Energy Corp.) |
Welder Ranch, Texas The Welder Ranch property is operated by Carter E&P, a private Texas operating company owned by Vice President Steven Carter. The property has been a productive asset of the company since 2006. In late 2011, production and cash flow were increased through a recompletion operation to the Patrick Welder #5 well. Depth Range: 5,000-8,000 feet Working Interest: 100% | Janssen, Texas Non-operated Depth Range: 3,000-11,700 feet | Markham City North Field, Illinois Duma Energy's team of geologists and engineers identified and developed the Markham City North project. The project was marketed to potential operators and financial partners with experience in the Illinois Basin. Core Minerals decided to become the operator and invest a minimum of $1.35 million into the development and testing of the field. Duma Energy is carried for 10% working interest until Core has recouped their initial $1.35 million investment. After that milestone is achieved, the interest rises to 25% and costs will be shared. Currently, the field is in the early phase of the pilot waterflood testing. Depth Range: 2,000-4,000 feet |
| Republic of Namibia, Africa Duma Energy recently acquired as a wholly owned subsidiary Namibia Exploration, Inc. (NEI), through which Duma Energy now holds 39% of a 5.3 million-acre onshore petroleum concession in the Republic of Namibia. The concession is located in the Owambo Basin, a large African cratonic basin situated in the northern part of Namibia. The Owambo Basin appears to contain the major elements required to produce a major petroleum system: source rock, reservoir rock, reservoir trap, and reservoir seal. |
Breaking News! DUMA news October 16, 2013 Duma Completes First Well in Galveston Bay Multi-Well Development Program 89 Barrel a day increase on just one well! Duma Energy Corp. (OTCBB:DUMA) announced today that it has successfully started production from the first project in its 18-well development program in Galveston Bay, Texas. The Trinity Bay State Unit #37 is currently flowing an average of 89 barrels of oil per day (bopd). At current oil prices and production rate, this will realize Duma more than $2 million in additional annual revenue. Jeremy G. Driver, Duma's Chief Executive Officer stated, "We are extremely pleased with the recent results in Galveston Bay. At current production rates, the first Trinity Bay project will pay out in only 24 days, allowing us to quicken the pace of additional projects. Our plans are to pursue this strategy as we continue to explore for billion-barrel potential in our 5.3 million acre concession in Namibia and elsewhere." |
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