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LATEST NEWS APRIL 20, 2011


 

Cheetah Oil & Gas Ltd.

OTC Bulletin Board : COHG


Cheetah Oil & Gas Ltd.

April 20, 2011 09:01 ET

Cheetah Oil & Gas Ltd. Field Production Increases by 87%


 http://www.marketwire.com/press-release/cheetah-oil-gas-ltd-field-production-increases-by-87-otc-bulletin-board-cohg-1504708.htm

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2011) - Cheetah Oil & Gas Ltd. (OTCBB:COHG), (the "Company" or "Cheetah") announces Belmont Lake, Mississippi project update.

Cheetah is very pleased to report the 12-4 and 12-5 wells drilled during the 2010 drilling program have now been tied in and producing at stable rates. The combined field production from the four producing wells has currently stabilized above 150 bbl/d of light oil.

"Based on our current production and oil pricing our cash flow is expected to more than double in 2011," said Robert McAllister, CEO. "Cheetah's strategy of concentrating on those assets that are most likely to deliver a meaningful increase to our balance sheet is paying off. I am confident that our focus on creating value with the drill-bit will lead to an increase in shareholder value."

Cheetah is hopeful that 2011 could see the complete development of the Belmont Lake oil field which potentially would include the drilling of up to four more proved oil well locations, according to the latest third-party engineered reserve report. If so, this could lead to a significant increase in oil production from the field.

About Cheetah:

The Company is a domestic oil & gas producer with its focus on high quality North American oil assets. The Company continually evaluates corporate opportunities that add value for all stakeholders.

ON BEHALF OF THE BOARD

Mr. Robert McAllister, CEO



  NEWS APRIL 1, 2011

Cheetah Oil & Gas Ltd. Proved Reserves Grow by 93% in 2010


Cheetah Oil & Gas Ltd. (OTCBB:COHG) (the "Company" or "Cheetah") announces Belmont Lake, Mississippi project update.

Cheetah has filed a Form 10K with the Securities and Exchange Commission which outlines the increased proved reserves.

"The value of our proved reserves alone is now greater than our entire market cap," said Donald Findlay, President. Cheetah''s strategy of concentrating on those assets that are most likely to deliver a meaningful increase to our balance sheet is paying off. And, this of course completely discounts the value of our 130,000 acre land package. I am confident that our focus on creating value with the drill-bit will lead to an increase in shareholder value."

With the successful 2010 Belmont Lake development oil well program Cheetah was able to achieve a year over year increase of 93% in proved reserves. The Company also expects continued year over year record growth in cash flow as well with oil prices at current levels.

Cheetah is hopeful that 2011 could see the complete development of the Belmont Lake oil field which potentially would include the drilling of up to four more proved oil well locations, according to the latest third-party engineered reserve report. If so, this could lead to a significant increase in oil production from the field. As earlier reported, this is an expansion of the previously expected number of wells available to be drilled within this proven field.

Cheetah also announces that one or more of its executive officers have converted $193,537 of accrued wages into shares and warrants of the company. 1,935,370 shares and the same number of warrants have been issued. The excise price of the warrants is $0.20 with an expiry date of March 30th 2013. After the issuance of these restricted common shares, Cheetah has 13,039,000 shares currently issued and outstanding.

About Cheetah:

The Company is a domestic oil & gas producer with its focus on high quality North American oil assets. The Company continually evaluates corporate opportunities that add value for all stakeholders.

ON BEHALF OF THE BOARD

Mr. Donald Findlay, President

http://energy.einnews.com/pr-news/368866-cheetah-oil-gas-ltd-proved-reserves-grow-by-93-in-2010-

 

Cheetah Oil & Gas (COHG) OTC-QB

OTCQB Logo The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB. See OTCQB Fact Sheet

Shares Outstanding

13,039,000

 April 1,2011

share structure source: SEC 8-K filing = http://www.sec.gov/Archives/edgar/data/908821/000106299311001297/exhibit99-1.htm

 

Directors and Executive Officers as a Group(1) 6,087,718 Common Shares 42.84%

 FLOAT(tradeable shares)= 6,951,282

 

 

  LOTS OF ~DD~ HERE

CORPORATE WEBSITE= http://www.cheetahoil.com/s/Home.asp

CORPORATE PROFILE= http://www.cheetahoil.com/i/pdf/CHEETAH_PROFILE_JULY_2010.pdf

 FACT SHEET= http://www.cheetahoil.com/i/pdf/factsheet.pdf

 MANAGEMENT= http://www.cheetahoil.com/s/Management.asp

Cheetah Oil & Gas Ltd.
Cheetah Oil & Gas Ltd.



 
Cheetah Oil & Gas Ltd.

Cheetah Oil & Gas Ltd.
To aggressively build Cheetah Oil & Gas into a strong Oil & Gas exploration and development company.

 

   

 

 

Cheetah Oil & Gas Limited

Cheetah

Oil & Gas wells in Mississippi. With up to a 40% gross interest in up to 38 defined drill

targets covering over 130,000 acres which have had either 2-D or 3-D seismic coverage.

currently has an 8% to 40% gross interest in producing and non producing

Well Name Type Gross Int Net Interest Status

Buffalo 33 Gas 40% 24.36% Proven Non Producing

Faust No. 1 Gas 8.0% Proven Non Producing

Frio 12-1 Oil 8.0% 5.20% Proven Producing

Frio 12-2 Oil 10.0%* 6.50%* Proposed New Well

Frio 12-3 Oil 8.0% 5.20% Proven Awaiting Work over

Frio 12-4 Oil 10.0%* 6.50%* Proposed New Well

Frio 12-5 Oil 8.0% - 16%* 5.20% - 10.4%* Proposed New Well

Frio 29 Gas 16% 10.262% Proven Non Producing

Frio 42 Gas 8.0% Proven Non Producing

USA 39-14 Gas 36% 36% Proven Non Producing

 

. Opportunity and leverage has

launched CHEETAH OIL & GAS LTD. on a path of rapid growth.

Belmont Lake is the company's spring board to immediate

growth with 4 and up to another 6 light oil wells that should IP

at 100 BOPD each thus raising the current daily production

from 80 BOPD to 500 to 1,000 BOPD after full field

development. The Mississippi Area of Mutual Interest "AMI" is

over 150,000 acres in size and has over 7,500 miles of 2D

seismic and 200 square mils of 3D seismic already shot. This is

a massive strategic advantage and intellectual asset. Dozens of drill targets have already

been identified as a result.

PRODUCING OIL & GAS

Mississippi

 

Cheetah currently has working interests of between 8% and

40%. Cheetah's operator has drilled over 100 Frio Wells with

roughly a 70% success rate.

Frio Sand Gas Targets are typically between 2,500 and 4,000

 

for dollar, we can drill. These shallow Frio targets can have

initial production (IP) of over 100 BOPD for vertical wells, and

it is theorized that horizontal wells could have IP of over 300

BOPD. The PP F-12 well marked the discovery of the Belmont

Lake Oil Field and the successful exploitation of the theory

that Frio Gas sands can at times be a cap overlying lucrative

oil fields. Frio oil exploration is Cheetah's key focus in

Mississippi.

Frio Oil Targets are potentially the highest impact wells,

initial production of approximately 250 BOPD and 2MMCFD.

They are usually found between 12,000 and 15,000 feet and

are much lower cost than Tuscaloosa wells typically drilled in

South Louisiana. Cheetah has not yet participated in any

Tuscaloosa drilling.

Tuscaloosa Oil and Gas Targets are larger wells...

LW-RISK DOMESTIC ONSHORE OIL & GAS

WHY CHEETAH?

1

the next 38 wells on 150,000 acres.

LEVERAGE: 40% interest in

2

development program planning

underway for summer 2010 drilling.

TIMELINESS: Belmont Lake

3

already identified; 7,500 miles of 2D

seismic and 200 sq. miles of 3D

seismic worth over $25 million.

SIZE: Dozens of drill targets

4

inexpensive sediment drilling

combined with no-penalty Henry Hub

pricing.

ECONOMICS: Fast,

5

property exposure with many low risk

and high impact wells.

OPPORTUNITY: Large

To learn more about Cheetah,

visit the web site at

www.cheetahoil.com

CORPORATE PROFILE

OTCBB: COHG Copyright©2010 by CHEETAH OIL & GAS LTD. All rights reserved. Page 1

 

CHEETAH OIL & GAS LTD.

 

HIGHLIGHTS

OIL FIELD DEVELOPMENT

DRILLING

Cheetah has an 8% interest in the

important Belmont Lake Oil Field

where as of July/10, 1 oil well was

producing and one shut-in

awaiting work over. 2010

development plans include at

least 1 vertical development well

and 1 vertical exploration well.

EXPLORATION DRILLING

Cheetah has a 40% interest in the

38 exploration wells remaining to

be drilled within the Area of

Mutual Interest ("AMI").

HIGHLY EXPERIENCED OPERATOR

Operator Griffin & Griffin

Exploration, LLC has actively

participated in more than 100

wells in the region, developing

strong relationships with property

owners for more than 20 years.

This provides us with a strong

competitive advantage.

 

 OTCBB: COHG Copyright©2010 by Cheetah Oil & Gas Ltd. All rights reserved. Page 2

 

 One well, the PP-F12 is producing light oil and PP-F12-3 is

currently awaiting a work over. We expect to drill one

vertical infill well and one vertical exploration well at

Belmont Lake in 2010. A successful 2010 would allow

for full field development of up to an additional 8 vertical

wells, allowing field production to reach 1,000 BOPD all

with our existing 8% working interest. Cheetah also owns

a 40% interest in the exploration wells to be drilled in the

32,000 acres of Palmetto Point that surround Belmont

Lake on all four sides.

Development Project. The Belmont Lake oil field will

Belmont Lake has distinct Northern and Southern lobes,

and all the work to date has focused on the Northern

section. Ultimate field reserves could double to 800,000

to 1,000,000 barrels should the Southern lobe prove as

productive as the Northern, thus at least one

successfully drilled well in the Southern section could

add significant shareholder value.

CHEETAH OIL & GAS LTD.

 

 

 

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of March 30, 2011, certain information with respect to the beneficial ownership of our common shares by each shareholder known by us to be the beneficial owner of more than 5% of our common shares, as well as by each of our current directors and executive officers as a group. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage of Class(1)
Georgina Martin(2)
Box 172, Station A
Nanaimo, BC V9R 5K9
504,725 3.77%
Robert McAllister(3)
483 Holbrook Rd E.
Kelowna, BC V1X 7H9
2,912,243 20.74%

58


{C}{C}{C}


 

Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage of Class(1)
Donald James Findlay(3)
#2700 500 4th Avenue SW
Calgary, Alberta T2P 2V6
2,670,750 18.32%
Directors and Executive Officers as a Group(1) 6,087,718 Common Shares 42.84%


 

(1)

Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person's actual ownership or voting power with respect to the number of shares of common stock actually outstanding on March 30, 2011. As of March 30, 2011, there were 13,039,000 shares of our Company's common stock issued and outstanding.

   
(2)

Mr. McAllister holds 300,000 stock options, 1,912,243 shares and 700,000 warrants

   
(3)

Ms. Martin holds 350,000 stock options and 154,727 common shares

   
(4)

Mr. Findlay holds 400,000 stock options, 1,135,375 common shares and 1,135,375 warrants

 

Cheetah Oil & Gas (COHG)

0.1500    +0.0500 (+50.00%)   Friday, Apr 1st, 2011

 
Composite Indicators Signal
Get Chart Get Performance TrendSpotter Buy    
 
Short Term Indicators  
Get Chart Get Performance 7 Day Average Directional Indicator Buy    
Get Chart Get Performance 10 - 8 Day Moving Average Hilo Channel Buy    
Get Chart Get Performance 20 Day Moving Average vs Price Buy    
Get Chart Get Performance 20 - 50 Day MACD Oscillator Buy    
Get Chart Get Performance 20 Day Bollinger Bands   Hold  
 
Short Term Indicators Average: 80% Buy
20-Day Average Volume - 5,920
 
Medium Term Indicators  
Get Chart Get Performance 40 Day Commodity Channel Index Buy    
Get Chart Get Performance 50 Day Moving Average vs Price Buy    
Get Chart Get Performance 20 - 100 Day MACD Oscillator Buy    
Get Chart Get Performance 50 Day Parabolic Time/Price Buy    
 
Medium Term Indicators Average: 100% Buy
50-Day Average Volume - 4,208
 
Long Term Indicators  
Get Chart Get Performance 60 Day Commodity Channel Index Buy    
Get Chart Get Performance 100 Day Moving Average vs Price Buy    
Get Chart Get Performance 50 - 100 Day MACD Oscillator Buy    
 
Long Term Indicators Average: 100% Buy
100-Day Average Volume - 3,792
 
Overall Average: 96% Buy
 
Price Support Pivot Point Resistance
0.1500   0.1900 0.4100

 

 

Strong Buy
 
Buy
 
Hold
 
Sell
 
Strong Sell

 

 

OTCQB Logo The OTCQB market tier helps investors easily identify companies that are current in their reporting obligations with the SEC or report to a U.S. banking or insurance regulator. OTCQB securities are quoted on OTC Markets Group's quotation and trading system and some may also be quoted on FINRA's BB. See OTCQB Fact Sheet

 

 

 

 

 

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PostSubject
#123   OTCre Custodianship Scanner Find - COHG Custodianship Granted Terra Nuva 10/26/18 05:11:18 PM
#122   Granted ItalStallion 10/26/18 01:07:24 PM
#121   How much working interest on an option? jessicamary 10/17/18 06:52:49 AM
#120   10/18/2018 Petition for Appointment Judicial Officer Cory, Kenneth Hearing Ti itsthebox1 10/06/18 11:06:19 PM
#119   Nice pickup. I was able to get a itsthebox1 08/30/18 10:24:59 PM
#118   I bought some the other day when I adijas 08/30/18 09:55:03 AM
#117   Sorry, was just getting it for you itsthebox1 08/30/18 09:53:24 AM
#116   Found it adijas 08/30/18 09:52:49 AM
#115   Do you have a link? adijas 08/30/18 09:48:50 AM
#114   New custodianship itsthebox1 08/30/18 09:32:23 AM
#113   Probably going to be a hard one to get itsthebox1 08/30/18 12:53:45 AM
#112   Nice and quiet. :) maverick one 11/03/11 03:14:04 AM
#111   Heard a little birdy that The Donald is maverick one 10/10/11 01:27:16 AM
#110   Nice pps, with potential. maverick one 09/20/11 01:37:36 PM
#109   This one could tighten if people got wind maverick one 09/17/11 03:41:50 AM
#108   Sounds good to me. Bucks4Buckeyes 09/07/11 08:17:33 AM
#107   13,039,000 common shares issued and outstanding as of [SMART MONEY] 09/07/11 08:15:55 AM
#106   10-Q Out Today Bucks4Buckeyes 08/15/11 04:53:31 PM
#105   Well the Donald is here, and I like that. maverick one 08/01/11 07:40:52 PM
#104   Be nice to see more drilling and wells maverick one 05/22/11 04:57:48 PM
#103   NO!! Are you serious? [SMART MONEY] 05/18/11 11:21:01 PM
#101   That might not be so wise... [SMART MONEY] 05/14/11 04:59:53 PM
#100   Cheetah Oil & Gas Ltd. Field Production Increases [SMART MONEY] 05/14/11 04:56:06 PM
#99  Restored COMPANY TRADING SHUT DOWN BY THE SEC? USA*2014 05/13/11 07:10:52 AM
#98   Lets start the week off getting closer to USA*2014 05/08/11 05:35:01 PM
#97   I see todays volume was twice as much USA*2014 05/06/11 04:12:02 PM
#96   The volume today was incredible, this company is USA*2014 05/05/11 05:45:04 PM
#95   Wow, getting closer to my .07 prediction. What USA*2014 05/04/11 04:02:55 PM
#94   At least Cheetah actually produces oil and doesn't maverick one 05/03/11 11:47:52 PM
#93   I'll pick some up at .07 range, it USA*2014 05/02/11 07:05:03 PM
#92   Lexeria is another one operating in Belmont Lake maverick one 04/30/11 07:03:34 PM
#91   I will take the high road, we're pumping maverick one 04/30/11 06:46:57 PM
#89   IMO Cheetah Oil is a farce, probably more USA*2014 04/30/11 06:16:50 PM
#88   I can see this hitting .70 range easily... maverick one 04/30/11 05:48:28 PM
#87   Yo .19 today I like this... maverick one 04/28/11 07:08:53 PM
#86   Someone is pecking away here... maverick one 04/28/11 07:08:16 PM
#85   Perfect storm small 7 million float, new pipeline, maverick one 04/24/11 04:28:30 AM
#84   It's inevitable...add the new constructed pipeline for delivery maverick one 04/22/11 07:01:28 PM
#83   COHG(.13) New$ out 4-20 [SMART MONEY] 04/20/11 09:14:27 AM
#82   HEARING CHATTER ON COHG 7M FLOAT [SMART MONEY] 04/18/11 12:58:39 AM
#81   The pipeline I wonder if it's finished yet? maverick one 04/17/11 07:05:51 PM
#80   I will say that I am shocked to [SMART MONEY] 04/16/11 09:11:05 PM
#79   LOL thats funny. Thank you Steve! Nice work. maverick one 04/15/11 07:57:17 PM
#78   RE: been here for over a year [SMART MONEY] 04/11/11 12:44:51 AM
#77   60 cents to 1.00 my target price down maverick one 04/05/11 03:58:49 PM
#76   Bakken = Findley... been here for over a maverick one 04/05/11 03:55:35 PM
#75   Yep. maverick one 04/05/11 03:45:06 PM
#74   This thing is blatantly undervalued, IMO LuckyGuy64 04/05/11 09:38:30 AM
#73   Awww SHUCKS you guys had to come alive maverick one 04/04/11 07:50:09 PM
#72   jUST keep COHG(.15) in front of you, may [SMART MONEY] 04/04/11 05:29:57 PM
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