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Not much happening now but at least stock is holding it's value nicely.
Will update with new info and charts if/once request for moderator is approved.
Looking forward to any kind of news to give this a boost.
Longs finally getting rewarded.
Sleepy is finally waking up.
GO OX GO!
Volume really starting to dry up.
Go OX.v Go.
Zzzzzz. At least we keep getting steady volume.
Winter coming soon. Share price will probably slip back until springtime.
Hibernation time coming soon.
Long on OX
Getting ready for hibernation by the looks of things.
Most likely to settle back at .025-.03 area if no news.
Will be a good time to reload then.
GO OREX GO!
OX.v going to erupt.
Well over 5 Million on the bid.
POP.v no longer trades, this board will now be dedicated to OX.v
Orex Exploration Inc
Ibox changes will be updated soon to reflect OX.v
This board is done. Time to change it.
IROC Trading Halt - GSR; POP
32 minutes ago - Canada Newswire
VANCOUVER, Mar. 1, 2016 /CNW/ - The following issues have been halted by IIROC:
Company: GOLDSTRIKE RESOURCES LTD
TSX-Venture Symbol: GSR
Reason: At the Request of the Company Pending News
Halt Time (ET): 7:52 AM
Company: PETRO ONE ENERGY CORP
TSX-Venture Symbol: POP
Reason: At the Request of the Company Pending News
Halt Time (ET): 7:52 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Time to get the brush out again.
HAPPY NEW YEAR!
Best of health and prosperity for 2016.
Getting close to retirement (well in a few years that is). This better go up soon. Bought more yet again today.
Come on POP.v let's start popping.
POP is POPPING. Not sure why, no news yet but POP.v has huge bid now with little on the ask. Something is up. Volume starting to come in as well.
Worse than watching paint dry.
News didn't much of anything here. Hope things start moving soon, getting boring watching paint dry. Want to start making some $GREEN$. Summer is coming up and vacation costs $. ZZZZ
I especially like these three statements from the NEWS:
"The Company also continues to receive royalty revenue from its farm-out well at Bromhead, which has produced more than 21,700 barrels of oil during 2.3 years of continuous production to date."
"The Company has $1.4M in cash and is debt free, and will continue to explore creative ways to unlock value in its assets. Even in these difficult markets the Company continues to receive expressions of interest for its assets."
"Petro One is also one of the largest shareholders of Goldstrike Resources Ltd. (GSR.V), which recently announced a drill program to follow up on its high grade discovery holes on the Plateau Gold property in the Yukon (Goldstrike Resources News Release May 4 2015). With 6 million free trading shares and 7 million warrants in good standing, Petro One is well positioned to benefit from Goldstrike's ongoing exploration success, which could provide the Company a source of non-dilutive capital going forward."
Nice to see some follow-up news to justify latest movement in price, even though it has been little. Anything is better than nothing.
GO POP GO!
NEWS RELEASE! --- VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2015) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) has confirmed oil production from its horizontal Viking earning well 6- 22- 30- 27W3 at Milton, Saskatchewan based on an initial 54-day production test.
The well was brought on production on January 15, and recovered some 3,500 barrels of frac fluid before being shut in for breakup on March 14. The well resumed production on April 15 and thereafter produced oil at an average rate of 10 bopd until April 28, when management determined to shut it in. The water cut showed some improvement in April, but did not improve sufficiently to offset water disposal costs at current oil prices. The well will be reevaluated to be brought back on production at such time as oil prices significantly improve and Petro One can reduce operating expenses - primarily trucking and water disposal costs - to the extent required to make the well economic. The Company has prepared an application to convert its existing 15-15 well at Milton into a water disposal well to further improve the economics of the entire Milton field as oil prices improve. The company will also continue evaluate the possibility of tying in gas from the Milton field to further enhance its economics.
Petro One's 10-15 well at Milton continues to be a dependable source of revenue for the Company. It has cumulative production of over 15,800 barrels of oil to date, and is anticipated to provide the Company with a steady revenue stream for years to come. The 10-15 well produced 625 barrels of oil in February at an average rate of 22.9 bopd, before being shut in March 10 for breakup, and was brought back into continuous production on April 22. The production history from this well in the newly discovered Milton field demonstrates that it should be a long-lived producer with a very slow decline.
The Company also continues to receive royalty revenue from its farm-out well at Bromhead, which has produced more than 21,700 barrels of oil during 2.3 years of continuous production to date.
The Company has $1.4M in cash and is debt free, and will continue to explore creative ways to unlock value in its assets. Even in these difficult markets the Company continues to receive expressions of interest for its assets.
Petro One is also one of the largest shareholders of Goldstrike Resources Ltd. (GSR.V), which recently announced a drill program to follow up on its high grade discovery holes on the Plateau Gold property in the Yukon (Goldstrike Resources News Release May 4 2015). With 6 million free trading shares and 7 million warrants in good standing, Petro One is well positioned to benefit from Goldstrike's ongoing exploration success, which could provide the Company a source of non-dilutive capital going forward.
NATIONAL INSTRUMENT 51-101 DISCLOSURE
Oil production during a period is generally expressed in terms of "barrels per day" or "bopd", which indicates the total oil produced during a period divided by the number of hours that the well was in production during that period. "Barrels per day" or "bopd" is indicative of flow rate while a well is in production and does not mean that such well was in constant production during such period.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at PetroOneEnergy.com or follow the Company's tweets at Twitter.com/PetroOneEnergy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805 0375
jstuart@kingjamescapital.com
Source: Petro One Energy Corp.
Finally a bit of action yesterday and today. GO POP GO!
GSR.v has another NEWS release.
Goldstrike Completes $1,000,000 Private Placement
2 hours ago - Marketwire - Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 17, 2015) - Goldstrike Resources Ltd. (TSX VENTURE:GSR) is pleased to announce that it has completed its $1,000,000 non-brokered private placement announced on January 9, 2015. The net proceeds from the financing will be used to fund the Company's planned 2015 exploration program on its Yukon mineral properties, including a follow-up diamond drilling program at its flagship Plateau project, and for general working capital.
On closing, the Company issued 14,920,000 non-flow-through units (each a "NFT Unit") and 5,080,000 flow-through units (each a "FT Unit"), all at the price of C$0.05 per unit. Each NFT Unit is comprised of one common share and one share purchase warrant exercisable to purchase one additional share for C$0.06 for 60 months after the closing date. Each FT Unit is comprised of one common share which is a "flow-through" share for the purposes of the Income Tax Act (Canada) and one-half of a share purchase warrant, with each full warrant exercisable to purchase one additional share for C$0.10 for 24 months after the closing date. Shares issuable on any exercise of warrants comprised in the FT Units and NFT Units are not "flow-through" shares.
Commissions are payable to Aberdeen Gould Capital Markets Ltd., Sprott Private Wealth LP, Canaccord Genuity Corp. and Mr. Gerhard Merkel (each a "Finder") in connection with the financing as follows:
----------------------------------------------------------------------------
Finder Units Subscribed Cash Compensation Warrants
------------------------ ------------------------
NFT Units FT Units Commission (1) (2)
----------------------------------------------------------------------------
Aberdeen 3,200,000 3,680,000 $24,080 224,000 257,600
----------------------------------------------------------------------------
Sprott 5,000,000 Nil $17,500 350,000 Nil
----------------------------------------------------------------------------
Canaccord Nil 700,000 $2,450 Nil 49,000
----------------------------------------------------------------------------
Merkel 2,000,000 Nil Nil 140,000 Nil
----------------------------------------------------------------------------
(1) Warrants issued as compensation in connection with distributions of NFT
Units are each exercisable to purchase one share for $0.06 for 24 months
after Closing.
(2) Warrants issued as compensation in connection with distributions of FT
Units are each exercisable to purchase one share for $0.10 for 24 months
after Closing.
All shares issued pursuant to the offering are subject to a four-month hold period expiring at midnight on June 13, 2015. Any shares issued pursuant to the exercise of warrants comprised in the FT Units and NFT Units, and any shares issued pursuant to the exercise compensation warrants will, if issued prior to June 14, 2015, also be subject to a four-month hold period expiring at midnight on June 13, 2015. The Company notes, in addition, that any shares issued pursuant to the exercise of incentive stock options referred to in the Company's January 13, 2015 news release will, if issued prior to May 14, 2015 be subject to a four-month hold period expiring at midnight on May 13, 2015. The January 13, 2015 news release inadvertently stated that such shares would not be subject to a hold period.
Goldstrike is a mineral exploration company with several discrete exploration projects in Yukon, Canada.
ON BEHALF OF THE BOARD
Terrence E. King, President & CEO
For new sections and maps on the Company's properties, including its flagship Plateau project, please visit Goldstrike's website at GoldstrikeResources.com. For further information follow the Company's tweets at Twitter.com/GoldstrikeRes
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
King James Capital Corporation
Jeff Stuart
Investor Relations for Goldstrike Resources Ltd.
(604) 210-2150
jstuart@kingjamescapital.com
Source: Goldstrike Resources Ltd.
GSR up 31.25%. Now if POP could only follow.
GSR.v NEWS!
Goldstrike $1,000,000 Private Placement Fully Subscribed
2 hours ago - Marketwire - Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2015) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is pleased to report that its $1,000,000 private placement announced on January 9, 2015 has been significantly oversubscribed, with strong institutional / Pro Group support, and that the Company's filing in respect of the financing has been conditionally accepted by the TSX Venture Exchange.
Management considers the interest in this financing in a challenging market to be a strong testament to the merits of the Company's flagship Plateau project, a newly discovered, district-scale gold system in Yukon, which contains multiple gold discoveries within an area measuring more than 25 kilometres in length.
This original discovery, known as the "Yellow Giant Trend", was made by Goldstrike in less than 11 weeks of cumulative field exploration. There is no record of any previous exploration on the property. Gold mineralization at Plateau is widespread in hydrothermal breccias, veins and stockworks, and disseminated in very strongly silicified and altered bedrock. To date, Goldstrike has identified three principal zones of mineralization - the Goldstack Zone, the VG Zone (Gold Dome) and the Goldbank Zone. The potential for similar, additional discoveries in as yet untested areas of the trend is considered by the Company's geological team to be high.
The discovery hole drilled in the Goldstack Zone intersected near-surface gold mineralization grading 4.05 grams per tonne (gpt) gold over 28 metres, including 10.91 gpt gold over 10 metres. The Goldstack Zone remains open along strike and to depth.
The discovery hole drilled in the VG Zone (Gold Dome), near the east end of the Yellow Giant Trend, intersected near-surface gold mineralization grading 7.6 gpt over 9.03 metres, including 14.58 gpt gold over 4.0 metres. The VG Zone remains open along strike and to depth. A high resolution, three dimensional induced polarization (IP) survey conducted in 2014 confirmed multiple strong targets underlying Gold Dome that remain to be drilled. These IP targets have a similar signature to the high grade gold intersection in the VG Zone discovery hole.
The 11 kilometre long Goldbank Zone is located between the VG (Gold Dome) and Goldstack Zones, all of which are within the 25 kilometre Yellow Giant Trend. Goldbank contains multiple areas of high grade gold mineralization on surface, with rock grab samples from bedrock having returned up to 308.49 gpt (9.0 ounces per tonne), that remain to be drilled.
On completion of the private placement financing, Goldstrike will be well funded to continue exploring this new district-scale gold system. The 2015 program includes plans to follow up on the Goldstack Zone discovery hole with additional drilling to trace the extent of high grade mineralization to depth and along strike. The 2015 program is also planned to include drilling to follow up on the VG Zone discovery hole and to test the IP targets underlying Gold Dome generated from the 2014 survey. Finally, Goldstrike is planning to carry out an IP survey and subsequent drilling at the Goldbank Zone, where high-grade grab samples were identified in 2014.
Based on the widespread distribution of high grade gold within such a broad area, and the highly-encouraging results from preliminary drilling, Goldstrike directors Dr. Lawrence Dick, Ph.D., P.Geo., and Trevor Bremner, P.Geo., consider the project to represent a significant discovery with exciting upside potential.
The proposed private placement remains subject to final acceptance by the Exchange. The Company proposes to pay finder's fees in cash and warrants in respect of a portion of the financing in accordance with the policies of the Exchange. All shares issued pursuant to the offering, and any shares issued pursuant to the exercise of warrants or finders' warrants will be subject to a four-month hold period from the closing date.
Trevor J. Bremner, P. Geo., Chief Geologist and Goldstrike Board Member, is a qualified person, as defined by National Instrument 43-101, for Goldstrike's Yukon exploration projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.
ON BEHALF OF THE BOARD
Terrence E. King, President and Chief Executive Officer
For sections and maps on the Plateau property, please visit Goldstrike's website at www.GoldstrikeResources.com. For further information follow the Company's tweets at www.twitter.com/GoldstrikeRes.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward- looking statements address future events and conditions, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT: King James Capital Corporation Jeff Stuart Investor Relations (604) 210-2150 jstuart@kingjamescapital.com Source: Goldstrike Resources Ltd. Goldstrike $1,000,000 Private Placement Fully Subscribed
2 hours ago - Marketwire
Goldstrike Sets Options
13 Jan 2015 - Marketwire - Canada
Read more at http://www.stockhouse.com/companies/bullboard/v.pop/petro-one-energy-corp#hitlElKktWsfiwjz.99
The GAP is the only thing I really don't like seeing.
I have a bid in at the gap just incase it decides to fill.
Good luck to all long holders here.
POP NEWS:
Petro One's First Horizontal Well on Production
04 Feb 2015 - Marketwire - Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 4, 2015) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) is pleased to report that Well 6-22, its first horizontal well drilled in the upper Viking, was completed as planned and has been on production since mid-January. The well, which is located in the Milton oil field in western Saskatchewan, is currently producing emulsion and recovering frac fluid from the 3,500 barrels of frac fluid used for completion in early January. The company will report the average production volumes once the majority of the frac fluid has been recovered and the emulsion ratios normalize. The precise oil cut from the emulsion will be known once Petro One receives its first monthly statement from the processor.
The horizontal drilling at 6-22 confirmed excellent reservoir characteristics and continuity of a thick Viking sand underlying Section 22. The Milton Viking reservoir has a strong gas drive that accounts for the excellent production volume demonstrated by this new horizontal well. Core from the nearest Petro One vertical well, located 825 metres to the south-southeast, had an average porosity of 21.7%, an average permeability of 16.89 mD over 10 metres and a maximum permeability of 54.6 mD over the whole Viking interval. Sample cuttings from the lateral leg of the new horizontal well are described as being very similar to the Upper Viking sand in the core from that vertical well.
Petro One's 10A-15- 30-27 vertical oil well, located 1,360 metres south-southeast of the new 6-22 horizontal well, has shown a substantial improvement since early fall, when it was producing 15 bopd. Production increased to an average of 28 bopd during September and October, and averaged 19 bopd over the four month period September 1 - December 31, 2014. Since October 1, 2014, the well has produced entirely oil emulsion. This well has produced more than 14,000 barrels of oil over 3.5 years of production and is anticipated to provide the Company with a steady revenue stream for years to come. The production history from this well in the newly discovered Milton field demonstrates it should be a long-lived producer with a very slow decline.
McDaniel and Associates have assigned Petro One a prospective resource of 1.8 million barrels of recoverable oil on the Milton property, as well as 124,800 barrels of proved plus probable reserves (Petro One News Releases May 8 and May 13, 2014). The next reserve update will take the results of the new horizontal well into account.
"This horizontal well has confirmed and expanded the known extent of the Viking oil reservoir on Petro One's Milton property," said Petro One Chief Geologist Trevor Bremner. "The technical team has described oil saturated core from two vertical wells on section 10 as excellent quality Viking sand and strongly recommended focusing on horizontal drilling in the Upper Viking as the best way to exploit that reservoir. Mapping based on core and sample descriptions, wireline logs and seismic indicates that all of Petro One's Milton land is underlain by the same thick high quality Viking reservoir sand. We have up to 48 remaining horizontal drill locations on Petro One's Milton property, and two new horizontal wells are in the licensing process. The results to date indicate the property should provide a solid low risk base to quickly grow the Company through production as the oil market improves."
The Viking in West Central Saskatchewan produces 35 degrees - 39 degrees API light sweet oil, and Saskatchewan offers an extremely attractive royalty system whereby Viking horizontal wells qualify for a 2.5% royalty rate on crown lands on the first 37,700 barrels of cumulative oil production, significantly enhancing the economics for horizontal drilling.
South Reston J4 SR-1 test
Testing of the joint Petro One - Goldstrike vertical wildcat Well SR-1 at Pipestone, Manitoba produced a small amount of an oily substance with a petroleum odor, but the amount was insufficient to provide conclusive results. Based on the inconclusive results, risk, and current oil markets, the company plans to focus its future efforts on low risk development drilling in its Milton oil field.
KMDC Update
KMDC Resources Ltd. and Korea Myanmar Development Company Ltd. (together "KMDC") remain in default of their obligations to the Company, and the final funding deadline of January 30, 2015 has passed without any further payment and without any further communication from KMDC. The Company has legal claims for those defaults against KMDC and its principals, Lee Young Soo and Seok Hee-guen, and has the ability to pursue those claims in due course. In the near term the Company will remain focused on its business at Milton. The Company has over $2 million in cash, including the $650,000 forfeited by KMDC, and no debt. Based on the results of the new horizontal Well 6-22, the Company looks forward to receiving a new reserve estimate in due course.
NATIONAL INSTRUMENT 51-101 DISCLOSURE
BOE means barrels of oil equivalent. It may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip, and does not represent a value equivalency at the wellhead.
Oil production during a period is generally expressed in terms of "barrels per day" or "bopd", which indicates the total oil produced during a period divided by the number of hours that the well was in production during that period. "Barrels per day" is indicative of flow rate while a well is in production and does not mean that such well was in constant production during such period.
Prospective resources
The resources described in the McDaniel and Associates report and in this document are "undiscovered resources" as defined in the Canadian Oil and Gas Evaluation Handbook. Undiscovered resources are defined as those quantities of oil and gas estimates on a given date to be contained in accumulations yet to be discovered. The estimates of the potentially recoverable portions of undiscovered resources are classified as prospective resources.
Prospective resources are defined as those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. They are technically viable and economic to recover. Pursuant to s. 5.9(d)(v) of NI 51-101, the Company cautions that that there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resources are defined as those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations.
Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.
Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved + probable reserves.
Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at www.PetroOneEnergy.com or follow the Company's tweets at www.twitter.com/PetroOneEnergy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained herein constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation, including, but not limited to management's assessment of future plans and operations, including: drilling plans and potential locations; expected production levels; development plans; reserves growth; production and operating sales and expenses; reservoir characteristics; the results of applying certain operational development techniques; certain economic factors; and capital expenditures.
Forward looking statements are typically identified by words such as "anticipate", "estimate", "expect", "forecast", "may", "will", "project" and similar words suggesting future events or performance or may be identified by reference to a future date. In addition, statements relating to oil and gas reserves and resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves or resources described, as the case may be, exist in the quantities predicted or estimated and can be profitably produced in the future. With respect to forward looking statements herein, the Company has made assumptions regarding, among other things; future capital expenditure levels; future oil and natural gas prices; ability to obtain equipment and services in a timely manner to carry out development activities; ability to market oil and natural gas successfully to current and new customers; the ability to obtain financing on acceptable terms; and the ability to add production and reserves through development and exploitation activities. Although the Company believes that the expectations reflected in the forward-looking statements contained herein, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included herein, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous risks and uncertainties that contribute to the possibility that the forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections. The forward-looking statements contained herein are made as of the date hereof. The Company does not undertake any obligation to, nor does it intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. In addition, readers are cautioned that historical results are not necessarily indicative of future performance.
FOR FURTHER INFORMATION PLEASE CONTACT:
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805 0375
jstuart@kingjamescapital.com
Source: Petro One Energy Corp.
Petro One Retains Star Finance GmbH for European Communications
23 Jan 2015 - Marketwire - Canada
Getting ridiciously slow. Winter hibernation.
GO POP.V GO
GO GSR.V GO
Gotten real quiet now. Been flipping back and forth with some shares between POP.v and GSR.v
Not wanting to get caught without one or the other, I am keeping a position in both. Just a matter of which one I hold more of. So far the shares I have been trading back and forth has been paying off.
Mind you, both are down now, so profit margin is down as well.
Keeping positive though.
Well, guess we will definetly get some news this morning. Trading halt now issued.
Hoping it's good news.
tic toc, tic toc.
Expecting a NEW's release this morning. Hopefully what we are waiting for...$500,000
If this comes through I expect a nice rise.
Fingers crosssed.
HUGE NEWS! Private Placement Set for Joint Venture of Up to $100,000,000 on 97 Net Drill Locations
Private Placement Set for Joint Venture of Up to $100,000,000 on 97 Net Drill Locations
Halted pending NEWS!!! AGAIN!
here's hoping that we get some kind of news release that's going to make us all happy.
GO GSR.v GO POP.v
Just sold off a bunch of my other stocks that were doing absolutely nothing...nada...zilch...etc...and threw all the $ from them into GSR.v
May be a foolish mistake but what the heck...nothing been happening with anything I owned for longest time anyway. Best of luck to me and anyone else holding POP and GSR.
Starting vacation tonight and will hopefully be plesently surprised when I return.
GLTA!
Getting really boring watching this lately. Wish GSR would catch back up to POP.
NEWS!!!
Petro One Books Best Case Prospective Resource of 1.8 MMbbl Recoverable Oil
PrintAlert
Petro One Energy Corp (TSXV:POP)
Intraday Stock Chart
Today : Wednesday 14 May 2014
Petro One Books Best Case Prospective Resource of 1.8 MMbbl Recoverable Oil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - Petro One Energy Corp. (TSX-VENTURE:POP) (FRANKFURT:C6K1) is pleased to report that McDaniel and Associates Consultants Ltd. has provided an NI 51-101 prospective resource estimate of 2.48 MMbbl of recoverable oil high case (P90), 1.80 MMbbl bestcase (P50) and 1.125 MMbbl low case (P10) on its J5 Milton property, based on 45 horizontal drilling locations in the Viking. This is in addition to 124,800 bbl of proved plus probable reserves that were reported in last week's news release (May 8, 2014).
"We are very pleased to receive this evaluation of recoverable prospective resources in addition to the reserves on our Milton property", said Petro One President Peter Bryant. "Recent horizontal drilling in the newly discovered Marengo field 3.2 kilometres south of Petro One's J5 property has a 100% success rate, with three month initial production ranging up to 75.5 bopd, and averaging 56 bopd, and licenses for 13 new horizontal wells have recently been issued. McDaniel has identified 45 horizontal drill locations in 10 metre-thick Viking sand with strong oil show confirmed in core, and this bodes well for future production. Petro One's Milton property covers more than 2500 acres, and we look forward to developing this asset with the drill bit."
Pursuant to clause 5.9(2) of NI 51-101, Petro One advises that McDaniel and Associates Consultants Ltd. has consented to the disclosure of the reserves information contained in this news release and to disclosure of its identity as the qualified reserves evaluator having prepared the estimate of reserves, and has advised Petro One that:
i.the effective date of the estimate is April 30, 2014;
ii.the estimate was prepared by a qualified reserves evaluator; and
iii.the estimate was prepared in accordance with the COGE Handbook.
NATIONAL INSTRUMENT 51-101 DISCLOSURE
BOE means barrels of oil equivalent. It may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip, and does not represent a value equivalency at the wellhead.
Oil production during a period is generally expressed in terms of "barrels per day", which indicates the total oil produced during a period divided by the number of hours that the well was in production during that period. "Barrels per day" is indicative of flow rate while a well is in production and does not mean that such well was in constant production during such period.
MMbbl means millions of barrels.
Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be sub-classified based on project maturity.
Discovered Petroleum Initially-In-Place (equivalent to Discovered Resources) is that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production. The recoverable portion of Discovered Petroleum Initially-In-Place includes production, reserves, and contingent resources; the remainder of the volume is unrecoverable.
Undiscovered Petroleum Initially-In-Place (equivalent to Undiscovered Resources) is that quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to be discovered. The recoverable portion of Undiscovered Petroleum Initially-In-Place is referred to as Prospective Resources; the remainder is classified as unrecoverable.
The resource described in this document are Undiscovered Petroleum Initially-In-Place. Pursuant to s. 5.9(d)(v) of NI 51-101, the Company cautions that that there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.
Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved + probable reserves.
Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves.
ON BEHALF OF THE BOARD
PETRO ONE ENERGY CORP.
Peter Bryant, President & Director
For further information, please visit the company's website at www.PetroOneEnergy.com, follow the Company's tweets at www.Twitter.com/PetroOneEnergy and contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Company, by telephone at (604) 805 0375 or by email at jstuart@kingjamescapital.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained herein constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation, including, but not limited to management's assessment of future plans and operations, including: drilling plans and potential locations; expected production levels; development plans; reserves growth; production and operating sales and expenses; reservoir characteristics; the results of applying certain operational development techniques; certain economic factors; and capital expenditures.
Forward looking statements are typically identified by words such as "anticipate", "estimate", "expect", "forecast", "may", "will", "project" and similar words suggesting future events or performance or may be identified by reference to a future date. In addition, statements relating to oil and gas reserves and resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves or resources described, as the case may be, exist in the quantities predicted or estimated and can be profitably produced in the future. With respect to forward looking statements herein, the Company has made assumptions regarding, among other things; future capital expenditure levels; future oil and natural gas prices; ability to obtain equipment and services in a timely manner to carry out development activities; ability to market oil and natural gas successfully to current and new customers; the ability to obtain financing on acceptable terms; and the ability to add production and reserves through development and exploitation activities. Although the Company believes that the expectations reflected in the forward-looking statements contained herein, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included herein, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous risks and uncertainties that contribute to the possibility that the forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections. The forward-looking statements contained herein are made as of the date hereof. The Company does not undertake any obligation to, nor does it intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. In addition, readers are cautioned that historical results are not necessarily indicative of future performance.
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805 0375
jstuart@kingjamescapital.com
Petro One Energy Corp.
604 566 9089
IR: 604 805 0375
www.PetroOneEnergy.com
http://Twitter.com/PetroOneEnergy
You are correct wang, it has found solid support. GSR.v has found it's support at .08 as well. I'm holding both and see GSR giving a better return once it does moves, JMHO but either way, both should move quite well once they do move. Good luck on your investments wang!
GO POP.v GO
GO GSR.v GO
GO *** GO
NEWS! Petro One Energy Corp. Warrants Extended
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 4, 2014) - Petro One Energy Corp. (the "Company") (TSX-VENTURE:POP) (FRANKFURT:C6K1) reports that the TSX Venture Exchange has consented to the extension of the exercise term of 1,922,892 outstanding share purchase warrants by two years. The warrants were originally exercisable until March 15, 2014. Each warrant is now exercisable to purchase one common share for $0.80 at any time prior to 4:30 p.m. on March 15, 2016 subject to an accelerated expiry if the average closing price of the common share is $1.20 or higher for 20 consecutive days.
ON BEHALF OF THE BOARD
Peter Bryant, President & Director
For further information, please visit the company's website at PetroOneEnergy.com, follow the Company's tweets at Twitter.com/PetroOneEnergy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Petro One Energy Corp.
604 566 9089 or Toll free: 877 566 9089
604 564 8003
www.PetroOneEnergy.com
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805 0375
jstuart@kingjamescapital.com
NEWS!!!!
This morning new release.
Petro One and Goldstrike Announce Drill Results from SR-1
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) - Petro One Energy Corp. (TSX-VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) and Goldstrike Resources Ltd. (TSX-VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) have completed drilling the first well of their joint venture announced on November 26, 2013 - the SR-1 vertical wildcat well at South Reston, Manitoba (5-17-6-26W1). Drilling encountered a large Waulsortian mound with a strong oil show in a 20 metre interval at the top of the Mississippian Lodgepole formation, which was the targeted formation. Cuttings from 790 to 810 metres drill depth had medium brown oil stain, vivid fluorescence and fluorescent cut, and emitted a strong petroliferous odor during sample wash. Parameters calculated by an independent petrophysicist for what he has indicated to be a newly discovered reservoir are 17 metres of indicated net pay, 10.34 per cent porosity, 50.89 per cent water saturation, and 0.63 mD permeability.
Due to the low permeability of the zone, Petro One's consulting geologists, engineers and petrophysicist have suggested that horizontal drilling will be necessary to recover oil from the zone encountered in the hole. The SR-1 well has been cased and left standing, and the companies are assessing their options.
ON BEHALF OF THE BOARD ON BEHALF OF THE BOARD
PETRO ONE ENERGY CORP. GOLDSTRIKE RESOURCES LTD.
"Peter Bryant" "Terrence E. King"
President & Director President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained herein constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation, including, but not limited to management's assessment of future plans and operations, including: drilling plans and potential locations; expected production levels; development plans; reserves growth; production and operating sales and expenses; reservoir characteristics; the results of applying certain operational development techniques; certain economic factors; and capital expenditures.
Forward looking statements are typically identified by words such as "anticipate", "estimate", "expect", "forecast", "may", "will", "project" and similar words suggesting future events or performance or may be identified by reference to a future date. In addition, statements relating to oil and gas reserves and resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves or resources described, as the case may be, exist in the quantities predicted or estimated and can be profitably produced in the future. With respect to forward looking statements herein, the Company has made assumptions regarding, among other things; future capital expenditure levels; future oil and natural gas prices; ability to obtain equipment and services in a timely manner to carry out development activities; ability to market oil and natural gas successfully to current and new customers; the ability to obtain financing on acceptable terms; and the ability to add production and reserves through development and exploitation activities. Although the Company believes that the expectations reflected in the forward-looking statements contained herein, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included herein, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous risks and uncertainties that contribute to the possibility that the forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections. The forward-looking statements contained herein are made as of the date hereof. The Company does not undertake any obligation to, nor does it intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. In addition, readers are cautioned that historical results are not necessarily indicative of future performance.
Investor Relations
King James Capital Corporation
Jeff Stuart
(604) 805 0375
jstuart@kingjamescapital.com
Petro One Energy Corp.
Telephone: 604 566 9089
IR: 604 805 0375
PetroOneEnergy.com
Twitter.com/PetroOneEnergy
Goldstrike Resources Ltd.
Telephone: 604 681 1820
IR: 604 805 0375
GoldStrikeResources.com
Twitter.com/GoldstrikeRes
Nice movement today. Hopefully we can continue moving up daily in the next short while to get back into at least the .20+ range to start.
GO GSR GO
GO POP GO
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Corporate Office and Administrative Office (Rouyn-Noranda) | |
Address: | 101-A Avenue Principale Suite 200 Rouyn-Noranda, Quebec J9X 4P1 Canada |
Telephone: | (819) 797-4354 |
Fax: | (819) 797-2454 |
Website: | www.orexexploration.ca |
Email: | orex@cablevision.qc.ca |
Transfer Agent and Registrar: Computershare Trust Company of Canada Inc. | |
Address: | 1500 University Street 7th Floor Montreal, Quebec H3A 3S8 Canada |
Telephone: | (514) 982-7888 |
Auditors: Raymond Chabot Grant Thornton | |
Address: | 50 Avenue Dallaire Rouyn-Noranda, Quebec J9X 4S7 Canada |
Rock Type | CIL Recovered Grade | Assayed Grade |
Greywacke | 1.00 g/t Au | 1.00 g/t Au |
Slate (graphitic shale) | 2.64 g/t Au | 2.82 g/t Au |
Quartz vein | 16.18 g/t Au | 6.15 g/t Au |
Vein | 33.62 g/t Au | 36.37 g/t Au |
The gold distribution at Goldboro is subject to a “nugget effect”. In the case of Goldboro, gold appears as large nuggets, fine disseminations within or bordering arsenopyrite crystals and fine gold grains associated with carbonaceous material. This particular distribution of gold grains may explain the fact that regular assaying methods (e.g. fire assays) yield lower gold values than a metallurgical balance from mill-tests.
As outlined in the 2006 43-101 technical report, a comparative analysis of metallurgical tests done in 1989, 1990 and 2005 and historical fire assay (FA) results showed that the assays significantly underestimated the recoverable gold content and the Mineral Resources due to the nugget effect brought on by assaying smaller size core samples.
Date | # of Samples | Composite Weight | Assayed Gold Grade | Metallurgical Gold Grade | Ratio |
---|---|---|---|---|---|
April 1989 | 425 FA | 1,284 kg | 1.06 g/t Au | 15.41 g/t Au | 14.54 x |
November 1989 | 66 FA | 5 kg | 2.94 g/t Au | 9.21 g/t Au | 3.13 x |
April 1990 | 153 FA | 6,000 kg | 1.96 g/t Au | 3.00 g/t Au | 1.53 x |
April 1990 | 153 FA | 5,000 kg | 1.27 g/t Au | 4.00 g/t Au | 3.15 x |
August 2005 | 285 FA | 1,440 kg | 1.94 g/t Au | 2.85 g/t Au | 1.47 x |
Total | 1,082 FA | 13,729 kg | |||
Weighted Average | 1.62 g/t Au | 4.51 g/t Au | 2.78 x |
SEDAR
www.sedar.com
Nova Scotia Department of Natural Resources
www.gov.ns.ca/NATR/
Natural Resources Canada
www.nrcan-rncan.gc.ca
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