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The site is down! Does anybody having any information in regard to Carmel?
Is the trial lost? Is the whole investment gone? Thank you for any short statement!!
Best regards from Switzerland!
Thanks for posting the "new" site. I was trying to do some research on these guys and that was super helpful!
New Webpage for Carmel Energy Inc.
http://www.carmelenergy.net/
But not the way the management and the board thought. The old webpage they took down for reasons, nobody understands. Now the way it looks, some RegS shareholders said enough is enough and put up their own webpage, so as everbody can read of what they accuse the Ceo and the board. Of special interest is as well the rubrik "predictions by the Ceo". If one reads his predictions - businessplan from 2007 for the purpose to get the financing and then reading the litigation versus the Ceo and the board, one has to wonder if this guy really get,s away cheap. Of special interest as well is, that he made another prediction and proposal to the board - confidential - in fall 2009 and the board, although under attack, did not inform all those Regs shareholders. I hope justice will get them
Hi Folks, does anyone have a clue when trading starts and I can get a few shares for my kids?
So this is a grey being used by Freedom Financial?
Oil Prices Spike to Record $105.97
Thursday March 6, 9:51 am ET
By Pablo Gorondi, Associated Press Writer
Oil Prices Spike to New Record Near $106 on Supply, Latin American Border Tensions
Oil prices steadied Thursday after nearing a record $106 a barrel as investors reacted to a surprise drop in U.S. crude supplies and the dollar struck new lows against the euro.
Also supporting prices was an OPEC decision not to boost output and rising tensions on Venezuela's border.
By the afternoon in Europe, light, sweet crude for April delivery was unchanged from the previous day's close at $104.52 a barrel in electronic trading on the New York Mercantile Exchange. Prices briefly spiked to a record of $105.97 earlier in the day.
On Wednesday, the April contract had jumped $5 to settle at a record $104.52 a barrel and later rose to $104.95 in post-settlement electronic trading.
Earlier this week, oil prices broke the previous inflation-adjusted price record of $103.76, set in 1980 during the Iran hostage crisis.
In London, Brent crude fell 14 cents to $101.50 a barrel on the ICE Futures exchange.
"The primary factor causing the surge in oil prices is the surprising drawdown in crude inventories, which caused traders to really react quite dramatically," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
Most analysts had expected the U.S. Energy Department's Energy Information Administration to report oil stocks rose last week for the eighth straight time. Instead, the stocks fell 3.1 million barrels.
In Vienna, the Organization of Petroleum Exporting Countries said Wednesday it would hold production levels steady, at least for now. OPEC ministers cited falling demand in announcing their decision to hold production steady.
The EIA report and OPEC announcement fed a new frenzy of investing in oil futures, which have risen to new inflation-adjusted records this week as the falling dollar drew investors to the market.
"Five dollars is an incredible gain," Shum said. "The overall oil market fundamentals are supportive of strong oil prices but not at this level, above $100. I would expect some profit taking to put a temporary halt to this rather large surge in pricing."
The dollar, meanwhile, fell to a new low against the euro, with the EU's shared currency climbing to $1.5370 after the European Central Bank and the Bank of England left their benchmark interest rates unchanged. The euro set its previous high mark of $1.5302 on Wednesday.
Analysts noted that U.S. oil inventories are at historical highs despite last week's decline in crude supplies. Meanwhile, demand for gasoline is falling, and several forecasters have cut their oil demand growth predictions for this year.
Traders also worried about escalating tensions between oil producing countries in Latin America. Following a weekend attack by Colombia on leftist rebels in neighboring Ecuador, Venezuela moved tanks and soldiers to the Colombian border. Ecuador said Monday it had sent 3,200 soldiers to its border with Colombia.
In other Nymex trading, heating oil futures fell 0.86 cents to $2.9345 a gallon (3.8 liters) while gasoline prices lost 3.26 cent to $2.6095 a gallon. Natural gas futures added 2.1 cents to $9.762 per 1,000 cubic feet.
Associated Press writer Gillian Wong in Singapore contributed to this report
your doing real good on it
i bought awhile back. holding long.
YOU BET DO YOU HAVE ANY?
new symbol CRMY $2.25
Carmel Energy new symbol CRMY
Ibox being updated
lets wait till more info comes out on it
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Carmel Energy, Inc
Contact Information
CARMEL ENERGY INC
2300 Douglas Ave
Suite 303
Coral Gables, FL 33176
Phone: 305.663.6234
Fax: 305.663.5321
Company Officers
Leonardo Delgado, President, CEO
Martin McDermott, IR
Primary SIC — Industry Classification
1311 - Crude petroleum and natural gas
Companys Web site
http://carmelenergyinfo.com
Year Of Incorporation
1973
Outstanding Shares
21,623,689 as of Feb 29, 2008
Authorized Shares
30,000,000 as Feb 29,2008
Number of Share Holders of Record
1,280 as of Feb 29, 2008
Float
14,977,314 as of Feb 29, 2008
Transfer Agent
Florida Atlantic Stock Transfer
7130 Nob Hill Road
Tamarac, FL 33321
Number of Employees
5 as of Jan 1, 2008
Business Description
The company's primary business, since its' inception, has been the development and operation of enhanced recovery oil properties. The company's mineral leasehold interests in Missouri are located along the Missouri - Kansas border between Nevada, Mo. and Ft. Scott, Ks. The company has two formations: the Eastburn Formation and the Warner Formation. The Eastburn formation produces 21 to 23 gravity crude oil from depths ranging from 90 to 150 feet below the surface and the Warner Formation produces 16 to 20 gravity crude oil.
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