SureTrader SureTrader
Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

Pegasi Energy Resources Corp. (PGSI)

PGSI RSS Feed
Add PGSI Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 3/9/2016 8:02:45 AM - Followers: 7 - Board type: Free - Posts Today: 0

Company Overview

Pegasi Energy Resources Corporation, a Nevada corporation (“PERC” or “Pegasi”), is an independent organic growth-oriented energy company engaged in the exploration and production of natural gas and oil through the development of a repeatable, low geological risk, high potential project in the active East Texas oil and gas region. Pegasi currently holds interests in properties located in Marion and Cass County, Texas, home to the giant Rodessa oil field, which has produced approximately 2.3 trillion cubic feet of gas and 400 million barrels of oil. The field has historically been the domain of small independent operators and is not a legacy field for any major oil company.

Pegasi’s business strategy, which it has designated the “Cornerstone Project” or “CP”, is to identify and exploit resources in and adjacent to existing or indicated producing areas within the Rodessa field area. PERC intends to quickly develop and produce reserves at a low cost and will take an aggressive approach to exploiting its contiguous acreage position through utilization of “best in class” drilling, completion and seismic technology. PERC believes that its management team is uniquely familiar with the history and geology of the CP area based on their collective experience in the region as well as through PERC’s ownership of a large proprietary database which details the drilling history of the CP area over the previous 28 years. PERC believes its drilling strategy combined with the application of 3-D seismic imaging technology and the application of new drilling and completion techniques will enable it to find significant gas and oil reserves in the CP area. Its management team will also use its extensive experience and industry relationships to grow the Company through new leasing and farm-in opportunities.

 

Our History

Pegasi is the successor entity to First Southern Crown Ltd., a Texas limited partnership formed in December 2002 as a holding company for a number of operating subsidiaries. Prior to the formation of First Southern Crown Ltd., PERC’s principals spent over three years and invested over $3.5 million in equity in data harvesting, evaluating and acreage acquisition on the Cornerstone Program. These assets were assigned to First Southern Crown by TR Energy, Inc., which was incorporated in 1999 by Mike Neufeld and William Sudderth, Pegasi’s principal shareholders. Operations from December 2002 to December 2004, were funded by Mr. Neufeld, Mr. Sudderth and by a $15 million mezzanine financing. Approximately $7.5 million was drawn down from the mezzanine facility and used for drilling an initial five wells. In December 2004, First Souther Crown sold a thirty percent (30%) interest in all of its production, acreage position, pipeline and disposal plant to Marion Energy Limited, an entity publicly traded on the Australian stock exchange. Proceeds from the sale amounted to $10 million and were used to repay the mezzanine facility and residual interest.

In March 2007, Pegasi was formed as a Texas corporation, and First Southern Crown Ltd. changed its name to PERC and converted into that Texas corporation as part of a consolidation and corporate restructuring

 

 

Management Team



Michael H. Neufeld
President, CEO and Director

Mr. Neufeld, 61, worked for Pennzoil Company from 1972 to 1976 as Development Geologist, Exploration Geologist and Senior Geologist working in Pennzoil's Gulf Coast Division. He then joined American Resources Company from 1976 to 1977 as Senior Geologist. In 1977 he joined Hunt Oil Company as Sr. Geologist working in the Texas and Gulf Coast regions. From 1978 to 1981, Mr. Neufeld worked for Croftwood Corporation as Senior Exploration Geologist and Vice-President of Exploration working in the Gulf Coast of Louisiana and Texas. In 1983 Mr. Neufeld co-founded SMK Energy, where exploration efforts were concentrated in East Texas, Gulf Coast Louisiana and the Rocky Mountains. He graduated from Louisiana State University in 1971 with a B.S. Degree in Geology.


Richard A. Lindermanis
Sr. Vice-President, CFO and Director

Mr. Lindermanis, 65, was employed by Amerada Corp. from 1967 to 1971 in Williston, ND and Lafayette, LA . He joined Louisiana Land & Exploration Co. in 1971 where he was Division Land Manager for the Rocky Mountain Division until 1975. He then joined Patrick Petroleum Corp. as Western Division Manager in Denver and later moved to Jackson, MI as Executive Vice President responsible for Corporate Development, Exploration and Investor Relations. In 1979 Mr. Lindermanis co-founded and became Executive Vice President, Director and a major stockholder of Sandefer Oil and Gas in Houston, Texas. Since then, Mr. Lindermanis has founded several companies. Mr. Lindermanis graduated from Phillips University in 1967 with a BA in History and Political Science.



Bill L. Sudderth
Executive Vice President

Mr. Sudderth, 68, began his career at Lone Star Producing Company in 1970 where he worked through 1971. In late 1971 he joined Midwest Oil Corporation and worked there until 1974, at which point he became an independent landman working the entire continental United States. In 1981 Mr. Sudderth became a Certified Professional Landman. In 1983 Mr. Sudderth co-founded SMK Energy Corporation, along with Mr. Neufeld, which later merged with Windsor Energy in 1997. Mr. Sudderth received his B.B.A. Degree from Sam Houston State University in 1970.




Billy Denman
Land Manager

Mr. Denman, 56, has over 25 years of industry expertise and currently serves as Pegasi Energy Resources Corp's Land Manager. Mr. Denman became a certified professional Landman in 1992, and previously worked with Mr. Neufeld and Mr. Sudderth at SMK Energy.







Lora L. Black
Exec. Administrative Assistant

Mrs. Black attended Tarrant County Jr. College, Central State University and Kilgore Jr. College where she studied business and accounting. She began her professional career as Exec. Secretary with the Zales Corp. and then worked in various Executive positions with RAM Asset Management, SMK Energy Corp. and Action sound. Lora has extensive experience in bookkeeping, oil and gas accounting and is responsible for the coordination of all accounting, bookkeeping and general administration for the Land and Production Departments and the Pipeline Co.


Our directors and officers hold office until the earlier of their death, resignation, or removal or until their successors have been duly elected and qualified.

 

Directors



Michael H. Neufeld
President, CEO and Director

Mr. Neufeld, 61, worked for Pennzoil Company from 1972 to 1976 as Development Geologist, Exploration Geologist and Senior Geologist working in Pennzoil's Gulf Coast Division. He then joined American Resources Company from 1976 to 1977 as Senior Geologist. In 1977 he joined Hunt Oil Company as Sr. Geologist working in the Texas and Gulf Coast regions. From 1978 to 1981, Mr. Neufeld worked for Croftwood Corporation as Senior Exploration Geologist and Vice-President of Exploration working in the Gulf Coast of Louisiana and Texas. In 1983 Mr. Neufeld co-founded SMK Energy, where exploration efforts were concentrated in East Texas, Gulf Coast Louisiana and the Rocky Mountains. He graduated from Louisiana State University in 1971 with a B.S. Degree in Geology.


Richard A. Lindermanis
Sr. Vice-President, CFO and Director

Mr. Lindermanis, 65, was employed by Amerada Corp. from 1967 to 1971 in Williston, ND and Lafayette, LA . He joined Louisiana Land & Exploration Co. in 1971 where he was Division Land Manager for the Rocky Mountain Division until 1975. He then joined Patrick Petroleum Corp. as Western Division Manager in Denver and later moved to Jackson, MS as Executive Vice President responsible for Corporate Development, Exploration and Investor Relations. In 1979 Mr. Lindermanis co-founded and became Executive Vice President, Director and a major stockholder of Sandefer Oil and Gas in Houston, Texas. Since then, Mr. Lindermanis has founded several companies. Mr. Lindermanis graduated from Phillips University in 1967 with a BA in History and Political Science.



Alan Gelfand
Director
Mr. Gelfand Prior to becoming a director of the Company, Mr. Gelfand was a stockbroker from 1987 until December 2002. He was a founding director of American Oil and Gas and served on their board from 2002-2006. He graduated from Simon Fraser University with a Bachelor of Business Administration in 1982.







David J. Moss
Director
David J. Moss
Mr. Moss is a Director of Pegasi Energy Resources Corporation and was responsible for their initial capital raise and public listing. He also sits on the Board of Managers of Sorteo Games LLC. Previously, Mr. Moss was a Managing Director and co-founder of Aegis Equity, LLC, a corporate finance and strategic advisory firm based in San Diego, California. Mr. Moss has founded, funded and taken public various companies in a variety of industries since 1995. He served as Managing Director, Corporate Finance, for Jesup Lamont Securities, where he advised companies on corporate strategy, financings, and business development. Prior to Jesup Lamont, Mr. Moss was Chief Business Officer and V.P. for a privately held biotechnology firm. Previously, Mr. Moss served as Managing Partner at a Seattle-based venture capital firm, The Phoenix Partners. He holds an MBA from Rice University and a B.A. in Economics from the University of California, San Diego.


Our directors and officers hold office until the earlier of their death, resignation, or removal or until their successors have been duly elected and qualified.

Contact Information

Houston Office


710 N. Post Oak Road Suite 135
Houston, TX 77024
Office: 713.824.0895
Fax: 903.665.8224
houston@pegasienergy.com


Tyler Office


218 N. Broadway Suite 204
Tyler, TX 75702
Office: 903.595.4139
Fax: 903.595.0344
tyler@pegasienergy.com


Jefferson Office


3546 N. US Hwy. 59
Jefferson, TX 75657
Office: 903.665.8225
Fax: 903.665.8224
jefferson@pegasienergy.com

 

 

Pegasi Energy Resources Corporation Increases Its Working Interest in Its Existing Properties to 80 Percent

TYLER, Texas, Oct 14, 2008 (GlobeNewswire via COMTEX) -- Pegasi Energy Resources Corp. (OTCBB:PGSI), an East Texas based oil and gas exploration and production company, announced the purchase of net ten percent (10%) working interest from TR Energy Resources in its East Texas program. TR Energy was a 30% working interest partner with Pegasi in its entire asset base in East Texas. This gives Pegasi an 80% working interest with TR Energy retaining 20%. The purchase includes all producing properties, leasehold, pipeline and disposal plant. The interest was acquired in exchange for 4.2MM shares of Pegasi common stock.
The acquisition increases Pegasi reserve base based on February 8, 2008 reserve report as follows: P1 34.066 BCFE, P2 25.994 BCFE and P3 241.807 BCFE. This is an increase of 4.258 BCFE in the P1 category.

About Pegasi Energy Resources Corporation

Pegasi Energy Resources Corporation is an organic growth-oriented independent oil and gas exploration and production company, headquartered in Tyler, Texas. Pegasi is focused on a repeatable, low geological risk, high potential project in the active East Texas oil and gas region. The company's strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves. Additional information concerning Pegasi Energy is available at www.pegasienergy.com. Investor inquiries may be directed to 903-595-4139 attention David Moss.

The Pegasi Energy Resources Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4682

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PGSI
Current Price
Volume:
Bid Ask Day's Range
SureTrader
PostSubject
#80   PGSI can move with ease with this extremely lukin4winners 03/09/16 08:02:45 AM
#79   an email alert. kazzz3 03/08/16 05:09:31 PM
#78   Any story on today's action? DumpOnUrPump 03/08/16 10:11:25 AM
#77   This Ihub problem is a pain DumpOnUrPump 03/08/16 10:09:19 AM
#76   DumpOnUrPump 03/08/16 10:07:40 AM
#75   still kickin here...very nice for whoever owns this. Planopenny 02/03/14 11:48:09 PM
#74   no not at all.... just saw this tonight. Immie 03/13/13 10:38:56 PM
#73   you buy some...I always knew this was a Planopenny 03/13/13 10:38:05 PM
#72   the last 6 months looks almost perfect... Immie 03/13/13 10:36:32 PM
#71   wow...no but it's moving nicely...Should have held on Planopenny 03/13/13 10:31:19 PM
#70   you still watching this? Immie 03/13/13 10:28:50 PM
#69   Pegasi Energy Resources Raises $4 Million in Private Placement Timothy Smith 09/23/12 12:59:32 AM
#68   Pegasi Announces 30-Day Production Rate for Its First Timothy Smith 09/23/12 12:58:48 AM
#67   Pegasi Successfully Drills Its First Horizontal Well Timothy Smith 09/23/12 12:57:34 AM
#66   Pegasi Announces Initial Production Results of Its First Jtown 07/10/12 01:09:45 PM
#65   what exactly does that mean? investorslink411 05/17/12 01:25:19 AM
#64   PGSI. Nice. I will be looking for entry! armyrules 05/16/12 09:46:22 PM
#63   started today...pps moves quick Planopenny 05/16/12 09:45:15 PM
#62   $PGSI Looks to be painted down! I don't armyrules 05/16/12 09:45:11 PM
#61   I am eyeballing it. Pump hasn't seemed to armyrules 05/16/12 09:43:38 PM
#60   $PGSI Listed in Hot Stocked!!! armyrules 05/16/12 09:42:26 PM
#59   I had this mofo under .30...sold it a Planopenny 05/16/12 09:42:24 PM
#58   $PGSI Pump started today. armyrules 05/16/12 09:41:24 PM
#57   bring on the pump baby!!! weee, forgot about Planopenny 05/16/12 09:39:26 PM
#56   $PGSI Nice trading today! 78K traded. Consolidating for armyrules 05/16/12 09:09:59 PM
#55   I just love these " exploration " companies R U kidding me 05/16/12 09:17:07 AM
#54   Just saying...... Caprock R U kidding me 05/16/12 08:52:31 AM
#53   Pegasi Successfully Drills Its First Horizontal Well; Stock Jtown 05/15/12 11:38:40 AM
#52   oh also i clicked on an add for investorslink411 05/15/12 01:26:14 AM
#51   Looks like the start of something. hopefully no investorslink411 05/15/12 01:25:22 AM
#50   Liquid Gold from the State the Fuels America- PGSI.OB duelittle2 05/14/12 11:30:10 PM
#49   CapRock initiates research on PGSI assigns buy rating fishhook 05/14/12 12:45:03 PM
#48   nice movements today PGSI up 20 Cents. Something investorslink411 05/11/12 03:44:30 PM
#47   SEEMS LIKE UNUSUAL PRICE/VOL ACTIVITY IN LAST FEW investorslink411 05/08/12 05:37:56 PM
#46   Our prayers for the family and friends........ SmallCapsMarket 02/01/12 01:25:10 PM
#45   that's too bad. never like to see that Planopenny 02/01/12 12:36:17 PM
#44   Pegasi Mourns the Loss of Richard Lindermanis SmallCapsMarket 02/01/12 12:19:16 PM
#43   Lot of shares traded here around .50 recently... Planopenny 01/07/12 04:13:56 PM
#42   Still have shares here? Looking better and better Planopenny 12/22/11 03:22:50 PM
#41   might be about time to get back in Planopenny 12/18/11 11:39:31 PM
#40   tell me about it!!! mrbizzard 11/14/11 08:30:12 AM
#39   son of a bitch...I hate it when I Planopenny 11/13/11 11:57:54 PM
#38   Something is up here. lightbeam 10/06/11 09:58:41 AM
#37   Pegasi Energy Resources Raises $5,388,900 in Private Placement stockpicker58 07/29/11 10:32:26 AM
#36   I sold this one at .35 and made Planopenny 07/01/11 12:18:11 AM
#35   The area of the Cornerstone Project has produced mrbizzard 06/20/11 04:57:37 PM
#34   Hell yes bigdog!?$& Planopenny 06/20/11 07:23:29 AM
#33   news out plano sabbath 06/20/11 06:12:53 AM
#32   Am I the only one making money here. Planopenny 06/10/11 09:45:15 AM
#31   get some buys at the ask and it Planopenny 06/07/11 12:19:11 PM
PostSubject