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This stock. Getting ready to fly? Low float oil play making bank.
Looking good
$CCWF Church & Crawford Inc reports operations increase for the fiscal year 2022Press Release | 06/09/2022
Houston, Texas, June 09, 2022 (GLOBE NEWSWIRE) -- Church & Crawford Inc (CCWF) is an oil and gas exploration and production (E&P) company focused on proven fields exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproven prospects. We are focused on domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
REPORT OF CASH FLOWS FROM MARCH TO MAY 2022
Gas well operations
Natural Gas sold $38,658.79
Natural Gas Produced but remain unpaid, 21,600 mcf @ $2.30/mcf $49,680.00
Revenues from Gas wells $88,338.79
Account Receivable from working interest owners $35,000.00
Total number of gas wells producing 12
Numbers of wells waiting to go on Pipelines 30
Expected Production when all gas wells are producing, 40 wells 1000 mcfd
Oil well Operations
Oil sold $33,284.29
Oil on hand to be sold, 636 barrels @$94/bbls $59,784.00
Total Oil Revenue $93,068.29
Number of oil wells producing 5
Number of Oil wells awaiting production 50
Expected Oil Production from all Wells 100 barrels per day
The company's recent activities contributed to the optimization and improvement of the company's overall value to create further revenue income, in our properties located in Beaver, Canadian, Creek, and Garfield counties in Oklahoma to optimize our existent oil & gas production.
Lastly, our reserve report and pending corporate actions are our priority to complete this Q2-2022. These initiatives, designed to enhance the efficiency of the organizational structure including new ventures and acquisitions, are necessary to improve the Company's production levels, reservoirs, and cost-effectiveness. Additional financing through a debt facility will be announced soon. The Company will use this capital to scale and develop the acreage (activate leases, turn wells on, and drill new wells).
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Church & Crawford Inc. Headquartered in Houston, Texas, Church & Crawford Corporation is a public traded company (CCWF). Church & Crawford Inc is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward-Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company’s actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company’s exploration and development efforts; the price of oil, gas, and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil, and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company’s capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the company’s ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Church & Crawford does not undertake any duty to update any forward-looking statements except as may be required by law. The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2022 Church & Crawford Inc. The information herein is subject to change without notice. Church & Crawford Inc shall not be liable for technical or editorial errors or omissions contained herein.
Shareholder inquiries:
info@Church-Crawford.com
The company is ramping up hiring too. Good sign for me to see this type of potential growth. https://church-crawford.com/careers/
Another well back up and running! More wells coming back online every week and production steadily increasing. We have some exciting projects and news coming soon stay tuned!
84 million float. Once the leases are valued based on 2022 oil and gas prices, this stock will be multiple nickels in my humble opinion.
REPORT OF CASH FLOWS FROM MARCH TO MAY 2022
Gas well operations
Natural Gas sold $38,658.79
Natural Gas Produced but remain unpaid, 21,600 mcf @ $2.30/mcf $49,680.00
Revenues from Gas wells $88,338.79
Account Receivable from working interest owners $35,000.00
Total number of gas wells producing 12
Numbers of wells waiting to go on Pipelines 30
Expected Production when all gas wells are producing, 40 wells 1000 mcfd
Oil well Operations
Oil sold $33,284.29
Oil on hand to be sold, 636 barrels @$94/bbls $59,784.00
Total Oil Revenue $93,068.29
Number of oil wells producing 5
Number of Oil wells awaiting production 50
Expected Oil Production from all Wells 100 barrels per day
The company's recent activities contributed to the optimization and improvement of the company's overall value to create further revenue income, in our properties located in Beaver, Canadian, Creek, and Garfield counties in Oklahoma to optimize our existent oil & gas production.
Lastly, our reserve report and pending corporate actions are our priority to complete this Q2-2022. These initiatives, designed to enhance the efficiency of the organizational structure including new ventures and acquisitions, are necessary to improve the Company's production levels, reservoirs, and cost-effectiveness. Additional financing through a debt facility will be announced soon. The Company will use this capital to scale and develop the acreage (activate leases, turn wells on, and drill new wells).
https://www.otcmarkets.com/stock/CCWF/news/Church--Crawford-Inc-reports-operations-increase-for-the-fiscal-year-2022?id=360661
Best time to buy in my opinion. No one is looking. I'm adding shares as I can.
Darn was hoping for some low 01s lol
Funny, some folks don't realize that $CCWF #oil wells are already producing and selling #oil and #gas at today's market prices. Wait until June 30, 2022 financials to see how much @church_crawford has cashed-in at today's Crude prices...
https://twitter.com/opportunityzon/status/1532807958026801155?t=ns0fiwzgmOUlB3HALcQQQg&s=19
They’re supposed to have assets drastically more valuable than what’s included in the last 10q.
They have no cash to work with.
Insanely undervalued! They need to unveil specifics on those STACK play leases. Need some numbers backing that $.54 BVPS
$CCWF Church & Crawford Inc reports BVPS Increase for fiscal year 2022.
https://t.co/OAvx8gWinU
https://twitter.com/opportunityzon/status/1528782787053899776?t=n0Cc0a-PXarmLZYQ57XLEA&s=19
I wonder where it’ll land on the timeline. Shouldn’t take long. Should be somewhere between now and the unveiling of their drilling plans as they “approach the 3rd quarter.”
Valuation was $52m as of 2018 numbers..This report will be telling.
3m market cap will adjust
Yup! low volume takedown.
Look at the volume of shares selling trying to keep it in this range..when the numbers come out we will see as gas prices are on the rise
I guess it’s bad news lol
Management is pleased to announce that has requested MKM Engineering to complete economic estimated prospective resources up to April 2022. This study will show a reserve report estimate and detail development schedules for Church & Crawfords acreage and generate a forecast of future net revenues and discounted cash flows, this will include additional work for the new properties unaccounted from the last reserve report in 2018.
https://www.otcmarkets.com/stock/CCWF/news/Church--Crawford-Inc-announces-Report-on-Economic-and-Potential-Recoverable-Assessment-in-Anadarko-Basin-Interests?id=356899
$CCWF engages MKM Engineering to complete economic estimated prospective resources up to April 2022. This study will show a reserve report estimate and detail development schedules for acreage and generate a forecast of future net revenues and discounted cash flows.
Well except to buy cheap shares. Which I'll continue doing. Lol.
Keeps going down. I guess the numbers are all fluff. If they really are good no reason it should be here.
Oclg Frank delivered. Ccwf Frank will deliver. It's coming.
$CCWF Church & Crawford Inc announces shareholder update for YTD 2022https://t.co/XdGRJFUQgP
— Custodianships (@custodianships1) April 28, 2022
$CCWF Final Handover in can now proceed o this $60M Starting valuation Merger also new twitter for company is active. @church_crawford
https://twitter.com/rrr1sr/status/1516101519166386177?t=pwgXwXW4C3VXJL_BEfLMBQ&s=19
$CCWF Termination of Custodianship GRANTED !!
$CCWF Termination of Custodianship GRANTED !! pic.twitter.com/TSJHhD6jQl
— Keith Rah (@keith_rah) April 14, 2022
$CCWF Website is up !
https://t.co/ND4sjqXxE4
Custo Termination this week!
Comparative ticker $OILY with bloated SS and no assets sitting @+$1.00. $CCWF $50m incoming assets sitting at .04. Big Time Oil players in control , pps will adjust soon.
$CCWF Website is up !https://t.co/ND4sjqXxE4
— Keith Rah (@keith_rah) April 13, 2022
Custo Termination this week!
Comparative ticker $OILY with bloated SS and no assets sitting @+$1.00. $CCWF $50m incoming assets sitting at .04. Big Time Oil players in control , pps will adjust soon. pic.twitter.com/g0qjmqSrvz
$CCWF Oil company moving in. This is a big update on OTCM! The new merger is closer to being finalized.
https://twitter.com/cdntradegrljenn/status/1513651782534139905?t=68lfy_VUYAidEaNDNw7yOw&s=19
That 52 week high should be surpassed prior to the court hearing this week for Termination of Custodianship. This may happen earlier as Friday is Good Friday imo!!
$CCWF
$CCWF "We also aim to have a meaningful and sustainable impact through social investments within the communities we operate. We are fully committed to environmental, social, and governance excellence. pic.twitter.com/Sm35mZvtIf
— Keith Rah (@keith_rah) April 10, 2022
I'm fully aware.. Im the post below you on Twitter btw
Lol saw what ya did there. In 2019 their resource evaluation report estimated future Net revenues of 52million. If 10 million barrels was given $5/barrel when Brent Crude was at $65 in 2019. It would be interesting to know the quality of those proven reserves and how that would be priced with Brent Crude at $102.78, looking like it could revisit 52wk highs. If they have light oil (high quality crude) you can guarantee it’ll be valued north of $6/barrel.
That's right they get it "dirt " cheap and sell wholesale . I'm sure it's a pretty penny to get it from here to there hence oil prices being $92 to $102 a barrel currently
The cost is already factored into the price. That’s why 10 million barrels of proven probable reserves is valued at $60 million. In the ground I think it can be anywhere from $3-$10/barrel.
Looking forward to how we work out a market cap of $3.8 million with possibly $60 million in assets coming in.
Not saying we’ll run that high but the conditions are far greater for CCWF.
That stock ran to .80 when Brent Crude was $65.
There was an oil stock last year that had a similar ss, similar valuation.
$CCWF SS updated https://t.co/fUButYSB1T pic.twitter.com/dXmxNdP6Uy
— Custodianships (@custodianships1) April 7, 2022
$CCWF SS adjusted on OTCM.
— Keith Rah (@keith_rah) April 7, 2022
AS is now 250m OS 95m ready for the incoming Oil merger $60m as of now.$CCWF pic.twitter.com/VUwka8x0xY
AS adjusted to 250m OS is 95m getting ready for the incoming merger
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