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This one looks like toast...
It's a sleeper.
I however very interested in the Permian Basin.
Doesn't appear that their awareness strategy is working very well considering the price has dropped since he announced it and liquidity is still scarce.
Still a small unknown company....keeping an eye on them to see what they can do...
Running late on their filing, hope they don't lose OTCBB status. Any thoughts?
Operating Area
Baron’s primary area of operations is an eight county region in the core of the Permian Basin of West Texas, one of the most prolific oil producing regions in the world. The Basin covers an area 250 miles wide and 300 miles long. The first well in the Basin was completed in Mitchell County, Texas in May, 1923 to a depth of 3,055 a process that took 20 months. Since then more than 4,500 oil pools and 1,000 natural gas pools have been discovered with a cumulative production of approximately 30 billion barrels of oil. Yet it’s estimated that more than 10 billion barrels of oil have yet to be developed. The basin is so named because it features one of the world’s thickest deposits of sedimentary rock from the Permian geological period.
The Deep Yegua gas play consists of Eocene Age sandstone conventional reservoirs producing gas from deep, over pressured reservoirs. In Starr County the Deep Yegua is found between 11,000' and 15,000' feet in depth. This is a lightly explored formation with only 39 gas fields discovered along the trend, but these fields are highly productive with an average cumulative production of 28 BCF (billion cubic feet) per field. The vast majority of these fields have been discovered since 1975 meaning the Deep Yegua is an emerging play. By integrating data and geologic information from existing wells we have identified a large structural and stratigraphic trend running diagonally across Starr County. Baron currently has approximately 800 acres under lease; this acreage is located on top of this formation and holds high potential for natural gas accumulations."
Suppose this is a good thing but the price has been dropping off, any thoughts?
Bottom buster here to me.... =)
In case you all didn't get the tweet I figured I'd post the news.
Baron Energy, Inc. Continues Portfolio Rationalization
Baron Energy, Inc. (OTCBB:BROE) ("Baron" or the "Company"), an independent oil and gas company, today announced that it has divested one of its non-operated properties in Garza County, Texas.
Management Comments
Ronnie L. Steinocher, President and CEO, commented, "We are continuing to move our portfolio to only operated properties. This small, non-operated divestment in Garza County was the result of a local operator wanting to add to a larger program. We received a good price for this property and closed the transaction in short order. We will continue to rationalize our portfolio as we move to operated only properties and plan to close on a few more divestments prior to year-end."
About Baron Energy
Baron Energy, Inc. (OTCBB:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas with producing assets in the prolific oil producing Permian Basin of West Texas.
Baron owns production that is 99% oil, both operated and non-operated, with working interest ranging from 5% to 100% in oil and gas fields located in Baylor, Borden, Garza, Jones, Runnels, Scurry and Taylor Counties, Texas.
Baron's growth strategy centers on making accretive property acquisitions in its core operating area. The Company targets properties that have oil production with upside developmental potential.
For more information, please visit www.baronenergy.com
Forward-Looking Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov, including the Company's Annual Report on Form 10-K filed on October 29th, 2009. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Let's hope they were right. I still believe this company is severely undervalued.
Bout as huge as Brett Favre's meat.
Yea I was really surprised by that news. I don't think they understand what drives investors to stocks. I think they were just trying to say that
"they are involved with shareholders"
you know...increase confidence. Something like that.
Too funny. Looks like the repercussions are continuing today as well. Perhaps they can PR us that they will be leaving the office at 5:00 today but will be back Monday so there is no need to fear.
"Baron Energy announces their breakthrough marketing strategy for 2010: E-mail.
We have registered the address baron4life223@yahoo.com and we hope this new addition will bring shareholder confidence and value."
This is probably the most hilarious PR I've ever seen in my life.
"Today Baron Energy announces that it will spend 15 minutes to create a free Facebook and Twitter account!"
Lol, if this would have actually increased the PPS then EVERY stock company would create a Facebook and Twitter.
Were they high when they thought of this? I'm surprised it ONLY went down by 20% after they pulled that one..
Maybe BROE will release an even sexier PR tomorrow that states that they have an office and they don't discriminate in their hiring practices.
Yes I have seen better press releases, however, management could have said somee outrageous statement. It shows these guys are honest, and trying to be transparent, and use social media to now achieve this.
You have to agree though that PR was a waste of money. I actually think it caused the selloff that we saw this morning.
There is an obvious short, and someone wants to keep this down. If people wanted out, they could have sold at .14 yesterday.
It looks like the selling is over and up we go.
For anybody that has done their DD, this is a real company.
BROE news: Baron Energy, Inc. (OTCBB:BROE) ("Baron" or the "Company"), an independent oil and gas company, today announced that it has added a comprehensive new media platform to its current marketing efforts, combining the use of social communication tools Facebook (http://facebook.com/BaronEnergy) and Twitter (http://twitter.com/BaronEnergy) with mainstream Internet outreach and communication tools, to present a more modern and seamless methodology for our shareholders and company interaction at large.
The PR says nothing really and it shows now when the stock continues going down
What do you mean? I don't understand, judging by the PR today I thought it would go to da moon.
This stock is trash, it will just continue go down
BROE will have its day. Just doesn't look like its going to be today. That PR was fluffier then a childs first Teddy Bear.
.12's holding strong on the bid. Taking a pounding today so far.
yea.... the bids are stacked high
The L2 setup is perfect for :
burning shorts
AND
giving a luanchpad off of that 12 support.
BROE is seeing some nice volume for only the first 20 minutes in the trading day.
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Baron Energy, Inc.
Baron Energy, Inc. (NASDAQ OTC BB:BROE) |
Baron Energy, Inc. is an independent oil and gas exploration, exploitation and development company headquartered in Midland, Texas. The Company's primary core area of operations is the prolific Permian Basin of West Texas. The Company currently has more than 4,000 gross acres in nine West Texas counties with a working interest that ranges from 5% to 100%. This acreage has 29 producing wells, 16 of which are operated by Baron Energy producing approximately 35 Boepd net to Baron. Additionally Baron has a significant acreage position in South Texas in Starr County, Texas with exposure to the Deep Yegua formation. The Deep Yegua Trend is a very sparsely explored trend in the heart of some of the most prolific oil and gas production in the U.S. The Deep Yegua trend runs along the Texas Gulf Coast from the Mexican border, through Starr and Brooks Counties and to the north east to the Louisiana border. For more detailed Geological and Geographical formation data click one of the following locations: Green Lease, Baylor County Texas Star County, Texas Permian Basin Baron plans to grow the company to approximately 1,000 Boepd within five years by making accretive producing property acquisitions, low cost, low risk in-fill drilling and production enhancement programs in the core operating area of the Permian Basin. In addition Baron will focus on the exploitation of its South Texas property through joint ventures with industry partners. Baron is managed by seasoned industry professionals with more than 60 combined years in the Oil and Gas industry. |
Baron Energy Management and Directors |
Ronnie Steinocher - Chairman, President and CEO Mr. Ronnie L. Steinocher is the Chairman, President and Chief Executive Officer. Mr. Steinocher is a seasoned veteran with more than 30 years of oil and gas experience. This experience includes all upstream petroleum engineering disciplines, extensive business development skills, and general management responsibilities. He is the founder of three private oil and gas companies, two of which were merged into Baron Energy in February 2010. He has worked as an owner/operator in the Permian Basin of West Texas since 2001. Mr. Steinocher is a licensed professional engineer in the state of Texas and a member of the Society of Petroleum Engineers. Lisa P. Hamilton - Executive Vice President, Chief Financial Officer and Director Ms. Lisa P. Hamilton isthe Executive Vice President, Chief Financial Officer and Director. Ms. Hamilton has more than 30 years of progressive oil and gas experience including, finance, land, general management, and as an owner/operator of a private oil and gas company located in the Permian Basin of West Texas since 2001. She is the founder of three private oil and gas companies, two of which were merged into Baron Energy in February 2010. Ms. Hamilton also serves on the company's Board of Directors. |
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