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Citadel Exploration, Inc. (COIL)

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Last Post: 8/30/2018 8:24:59 PM - Followers: 38 - Board type: Free - Posts Today: 0



Share Structure:
20M Outstanding
10M Restricted
10M Float > (50% controlled by insiders who cannot sell without disclosing in a filing and only then can sell no more than 5% per Q)
100M Authorized
*This is a fully reporting OTCBB. 

PROJECT INDIAN - 100% working interest
Project Indian is located in the Bitterwater sub-basin of the Salinas Basin, north of the giant San Ardo Field in Central California. It is a shallow anticline defined by surface geology and well control that may have over 100 million barrels of heavy (11-14 gravity API) oil in place. A well that was drilled and cored extensively by Chevron in 1976 (Tannehill Ranch Corehole #9) showed the oil is trapped in highly porous and permeable basal Pliocene sands at 300-500 feet deep with 300' of claystone cap rock.  This accumulation is a strong analog to another discovery made by the founders of CEL at Northwest San Ardo, albeit at a shallower depth.

On January 31, 2009, our wholly-owned subsidiary, Citadel Exploration, LLC ("CEL"), entered into a lease for 688.71 acres of property with Vintage Petroleum, LLC ("Vintage"), a company owned by Occidental Petroleum (NYSE:OXY), for the purposes and with the exclusive right of prospecting, exploring, mining, drilling and operating the leased premises for oil and gas.

CEI will develop Project Indian as a thermal recovery operation. The initial phase of evaluation will entail the drilling of 15 vertical wells in late 2011 and cyclic steaming to initiate production. Horizontal development may follow in 2012 following the analysis of steaming and production of vertical wells. Record high long term oil prices make a target of this size extremely attractive.

on March 15, 2012 Citadel Exploration, Inc. (OTCQB: COIL) announced that it has sold 40% of the working interest in Project Indian to Sojitz Energy Ventures, Inc. Sojitz Energy Ventures, Inc. is a wholly owned subsidiary of Sojitz Corporation, a large Japanese trading corporation.






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News News Alert: Quarterly Report (10-q) 05/20/2019 01:20:28 PM
PlusOneCoin Top Posts
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#3600   This has always been a scam POS BlueHorseShoe style! golfndude 08/30/18 08:24:59 PM
#3599   The seller at $0.20 is still around and hamilton 08/30/18 08:15:13 PM
#3598   Yes !!! golfndude 08/17/18 10:15:14 AM
#3597   Didn't this stock rip many off in the Saving Grace 08/17/18 10:13:06 AM
#3596   Down she goes just like clock work. Saving Grace 08/17/18 10:10:26 AM
#3595   They filed the 10Q on time for the hamilton 08/14/18 06:07:47 PM
#3594   Wouldn't you want to see stock on the hamilton 07/30/18 04:13:43 PM
#3593   Whoever's on the ask please get off I'm Marknel83 07/20/18 01:16:37 PM
#3592   REMEMBER I MADE MY INITIAL PURCHASE OF COIL peter forrest 07/19/18 03:00:52 PM
#3591   I assume the filings with the SEC are hamilton 07/18/18 01:32:06 PM
#3590   There is a new presentation posted to the hamilton 07/18/18 01:30:19 PM
#3589   I lost over 200k here back in 2012-2015. Team-Brazil 07/18/18 12:28:57 PM
#3588   The company continues to scratch and crawl as hamilton 07/18/18 10:12:50 AM
#3587   Correction: Berry's gross acreage in CA is 10X hamilton 07/17/18 05:40:50 PM
#3586   Berry Petroleum, a heavy oil steamer in the hamilton 07/17/18 03:03:09 PM
#3585   This is a joke ! golfndude 05/30/18 07:38:06 PM
#3584   The 10Q for 1Q was filed yesterday. Financially hamilton 05/22/18 10:27:52 AM
#3583   The 10K for 2017 was filed today and hamilton 04/16/18 05:08:31 PM
#3582   8K filing today on financing for near term hamilton 03/21/18 11:31:19 AM
#3581   There is now a drilling rig in the hamilton 01/29/18 03:52:16 PM
#3580   The steam has been pretty continuous. hamilton 01/04/18 12:28:58 PM
#3579   I'm seeing steam. That's one honk'en machine. hamilton 12/06/17 11:22:47 AM
#3578   No steam can be seen yet, but they hamilton 10/19/17 05:54:37 PM
#3577   You can see this field from Paladino Dr. hamilton 10/02/17 02:54:39 PM
#3576   I'm impressed that a lot of stock has hamilton 09/28/17 07:33:51 PM
#3575   If only money grew on trees as Grandma hamilton 09/24/17 10:01:11 AM
#3574   How long is that supposed to take? EyeOnYou 07/10/17 09:16:07 PM
#3573   Yes, they continue to work on a steaming hamilton 07/01/17 06:55:45 PM
#3572   So Has Anything Happened Since June of 2016 EyeOnYou 06/26/17 02:38:10 PM
#3571   Press Release..... EyeOnYou 06/19/17 05:22:25 PM
#3570   POS scam golfndude 02/08/17 07:04:26 PM
#3569   These guys offset our Yolumne prospect in western hamilton 02/08/17 10:12:52 AM
#3568   I drove through the Kern Bluff field last hamilton 12/03/16 09:16:40 AM
#3567   The 10Q was filed today and provides a hamilton 11/15/16 11:14:32 AM
#3566   It's easy to view the new facilities they've hamilton 07/24/16 10:26:54 AM
#3565   I am not asking for anything more as Djponder 07/01/16 03:14:21 PM
#3564   It may have been but the post itself stockseekerok 07/01/16 03:07:23 PM
#3563   Looks like citadel to me. Djponder 07/01/16 03:02:45 PM
#3562   Exactly what I told you it was a stockseekerok 07/01/16 02:41:36 PM
#3561   I have no Idea I just created the stockseekerok 07/01/16 02:36:48 PM
#3559   Ok so digging in time here at coil. Djponder 07/01/16 02:28:02 PM
#3558   Anyone still around to fill in some of Djponder 07/01/16 02:27:20 PM
#3557   Will be here checking things out for a Djponder 07/01/16 02:26:33 PM
#3556   So this is chris m whitcomb's other otc Djponder 07/01/16 02:25:40 PM
#3555   Whatever...this is a POS and always will be. Team-Brazil 09/15/15 01:47:21 PM
#3554   $COIL recent news/filings stocktrademan 09/08/15 05:31:49 PM
#3553   Is this piece of shit finally going to golfndude 09/03/15 03:00:09 PM
#3552   YES......................... H Hammer1 07/22/15 12:35:01 AM
#3551   What's happening here? Hmmmmm NOT $HIT......COIL IS DONE Team-Brazil 07/21/15 11:57:07 PM
#3550   THIS STOCK IS PRIMED TO BE SHORTED AND Hammer1 07/05/15 10:10:54 PM