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COIL SEC registration revoked:
https://www.sec.gov/litigation/opinions/2022/34-94826.pdf
COIL SEC Suspension for severely delinquent Financials:
https://www.sec.gov/litigation/suspensions/2021/34-93009.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-93009-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2021/34-93008.pdf
I have been following this stock for a long time and have seen the ups and downs. The old CEO was the only hope this company had and now he is gone.
Who in their right mind would ever think that a desk jockey analyst, McPherson, could do anything. He was always incapable and now he is running the show.
Complete and utter disaster. If this company had a clue they would beg the old CEO to come back, it is the only chance they have.
This has always been a scam POS BlueHorseShoe style!
The seller at $0.20 is still around and I helped him out as much as I could today. No question they've been unsuccessful in the past, but you have to be willing to look at the August 2018 slide deck and visit the Kern Bluff Field east of Bakersfield and southeast of Kern River to see them working and trucking oil off the site. I watch'em like a hawk. It's real.
Here's their field address:
Kern Bluff Field Office:
8850 Paladino Dr.
Bakersfield, CA 93308
http://citadelexploration.com/investor-presentations/
Didn't this stock rip many off in the past with BS promises?
Down she goes just like clock work.
They filed the 10Q on time for the quarter ended June 30. Operations are limited in scale and losing money, but the revenues ramped up to $299,989 for Q2 from $212,553 in Q1. They don't indicate the number of barrels sold or the sales price per barrel. They told us in a news release they had produced and sold an average of 100 barrels per day for June.
I see them working out on the field and occasionally steaming. They talk of ramping up production in Q4 and drilling a horizontal well. We'll see whether they can accomplish either or both within their very limited resources.
There has been demand for the stock at $0.18 and a seller at $0.20 this past week.
Wouldn't you want to see stock on the ask if you're trying to buy or was that just sarcasm because you think this is a POS?
I'm anxious to see the second quarter 10Q for this and what is permitted for the balance of 2018. I'll also be listening closely on the calls for CRC and BRY for tells on oil demand and the dependability of prices to remain $65 or more for the balance of 2018. Any small E&P with oil production in CA deserves a close look IMO.
Whoever's on the ask please get off I'm trying to buy haha
REMEMBER I MADE MY INITIAL PURCHASE OF COIL YESTERDAY. I HOPE YOU GUYS HAVE LOCATED A GUSHER ON THE CHEAP.
I assume the filings with the SEC are legitimate as well.
There is a new presentation posted to the company website which may help to clarify your thinking. I watch the Kern Bluff facility constantly. The photos are legitimate.
http://citadelexploration.com/investor-presentations/
I lost over 200k here back in 2012-2015. I was in close contact with Phil.
Phil contacted me today about the news.
Not sure what to think here
The company continues to scratch and crawl as was indicated in the first quarter 10Q.
NEWPORT BEACH, Calif., July 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Citadel Exploration, Inc. (COIL) (“Citadel” or “the Company”), announced today that the company has set a Company record for daily production at the Kern Bluff Oil Field (“Kern Bluff”). During the month of June, Citadel produced 3,000 barrels of oil, or an average of 100 barrels per day, with an average sale price of $68.85 per barrel.
https://finance.yahoo.com/news/citadel-exploration-announces-record-production-125000875.html
Correction: Berry's gross acreage in CA is 10X Citadel's 1100 acres in the Kern Bluff field, but when you add in Citadel's approx 3000 acres in the Yowlumne Field near Berry's McKitrick producing area, you'll be rooting for Berry to IPO at $17 and trade higher immediately, assuming you're long COIL, of course.
Berry Petroleum, a heavy oil steamer in the San Joaquin Basin, is coming public again. They have about 11,000 gross acres in CA, eleven times more than Citadel's, but the data herein is a starting point for looking at COIL.
https://www.sec.gov/Archives/edgar/data/1705873/000119312518218217/d479531ds1a.htm
The 10Q for 1Q was filed yesterday. Financially weak but continued progress with production.
"In December of 2017, Citadel completed the installation of a 25MM BTU steam generator. The oil and Kern Bluff is characterized as heavy oil, therefore requiring stimulation via steam injection. This steam generator has capacity of over 1,400 barrels of steam per day (BOSPD) which will allow the Company to steam approximately 50 wells per year.
In February of 2018, Citadel completed the drilling of three new wells. The company currently has approximately 14 wells on production and has seen field wide production increase from approximately 20 barrels per day to approximately 100 barrels per day."
The 10K for 2017 was filed today and it includes their reserve report at Dec. 31, 2017.
https://www.sec.gov/Archives/edgar/data/1482075/000152013818000064/0001520138-18-000064-index.htm
The engineer gives them 1.23 million proved barrels.
https://www.sec.gov/Archives/edgar/data/1482075/000152013818000064/coil-20171231_10kex99z3.htm
8K filing today on financing for near term development using loan/participation. The source of funds must like what they're seeing in the field or the terms would be much more expensive and unfriendly to the company, in my experience. They have obviously seen sufficient production and sales to pay this out.
https://www.sec.gov/Archives/edgar/data/1482075/000152013818000035/coil-20180321_8k.htm
There is now a drilling rig in the field with the bit turning to the right. Steaming seems to have been interrupted by the new drilling, but they've clearly sold oil by truck. The scene looks promising.
The steam has been pretty continuous.
I'm seeing steam. That's one honk'en machine.
No steam can be seen yet, but they are definitely working on a hook-up. This will be a game changer if the Kern Bluff Field performs like the adjacent Kern River Field.
You can see this field from Paladino Dr. in Bakersfield. It looks like they have brought in a steam generator.
I'm impressed that a lot of stock has not come out at 15 and 20 cents since 10-12 cents was cleaned up last Friday. Longs seem content to learn what's happening here. Is it steam or is it something PTRC has found near our leases and previous efforts in the Southern San Joaquin Valley. They have been poking holes nearby.
If only money grew on trees as Grandma used to say. All the ingredients are on-site except a steam generator, but the buyer of the stock Friday probably has the best handle on things.
How long is that supposed to take?
Why can't we get any updates?
Yes, they continue to work on a steaming capability at their Kern Bluff field. I saw PG&E working on the gas line there a couple of weeks ago.
So Has Anything Happened Since June of 2016
Press Release.....
Would it kill these guys to put out a press release? What in the hell is going on out there? There has been no press releases for almost a year now, you'd think with executive comp at over $500K a year we could get a press release or some updates.
These guys offset our Yolumne prospect in western Kern County.
New 3-D Seismic Data Identifies Significant Reserve Potential
7:01 am ET February 8, 2017 (Globe Newswire)
Petro River Oil Corp. (OTCBB: PTRC) ("Petro River" or the "Company"), an independent oil and gas exploration company utilizing the latest 3-D seismic technology, announced today that recently acquired and re-processed 3-D seismic data has shown positive results in three of the Company's project areas located in California and Oklahoma. Given these positive results, the Company now intends to move forward with drilling four wells on these three core assets during the second quarter of this year.
Stephen Brunner, President of Petro River and a member of the Board of Managers of Horizon Energy commented, "The 3-D seismic surveys have allowed Petro River to confirm viable prospects in three of our active project areas. This data improves our understanding of structure, trap type and reservoir characteristics enabling our exploration effort to move forward with more precision and lower exploration risks. If any of the initial wells are successful, numerous additional opportunities for reserve additions and substantial production will be available to Petro River."
Below is a summary of Petro River's three core projects that were subject to the 3-D seismic mapping:
Kern County, California
Petro River has both direct and indirect interests (through its ownership of 20% of Horizon Energy Partners, LLC ("Horizon Energy")) in two projects in Kern County, California. Kern County is the home to four of the ten largest oil fields in the United States and continues to be an active petroleum producing province.
In the first project, Petro River owns a 13.75% direct working interest and an indirect interest, through Horizon Energy's ownership of a 27.5% direct working interest in the project. This project involves the re-development of a 100 million barrel oil field, discovered over 80 years ago, within which the project participants control approximately 4,500 net areas of ideally situated oil and gas leases. This opportunity primarily results from the lack of modern seismic data covering the field.
Recently, Petro River and the other venture participants completed the acquisition of a new, 30 square mile 3-D seismic survey over the field. Although this data is still being processed, the initial results are compelling and indicate numerous undrilled, multi-objective potential hydrocarbon-bearing zones within the field. The consensus of the participants is that as much as 25% or more of the current cumulative historical production will be found based on future drilling utilizing the newly acquired 3-D data. An initial exploration well is planned in the late 2 quarter of 2017. The well depths in the field range from 4,000-8,500 feet and the oil is light, in contrast to many of the "heavy" oil fields nearby. Extensive oil and gas infrastructure is already in place.
The second project in Kern County (in which Horizon Energy owns a 40% working interest) comprises joint venture lease holdings of approximately 8,500 net acres located southwest of Bakersfield, California in the vicinity of prolific Stevens Sand production. Historic production from several nearby fields producing from the same geologic objectives has exceeded 150 million barrels of oil on a cumulative basis.
The results from the processing of a new 24 square mile 3-D seismic survey acquired in 2016 provide a clear picture of the extent of a recent, uncompleted discovery and have led to the identification of several other robust exploration opportunities in discrete areas within the lease holdings. An initial exploration/development well is planned in the late 2 quarter of 2017. The well will target thick hydrocarbon-bearing zones at around 15,000 feet.
The Pearsonia West Concession, Osage County, Oklahoma
The Pearsonia West Concession in Osage County, Oklahoma includes 106,500 contiguous acres centered on the structural trend of the Pearsonia-Blackland-Foraker fields. These fields have produced in excess of 20 million barrels of oil through vertical well development and is close to fields that have produced 200 million barrels of oil through vertical production since the early 1900s.
The Company recently reprocessed 35 square miles of 3-D seismic data which defined 4,480 acres of structural closures and multiple Pennsylvanian channel and Mississippian chat formations. As a result, Petro River and its operating partners are in the process of securing permits to drill four wells by April 2017. The program will test the first 1,610 acres of the defined structural closure, which has prospective resource potential of 2.5 million barrels of oil. Results are expected by June 2017.
An additional 55 square miles of 3-D seismic is planned to be shot by the Company in the southern portion of the concession in 2017. Assuming success in the initial drilling phase, the Company anticipates providing scalable and repeatable vertical drilling opportunities within the concession boundaries.
I drove through the Kern Bluff field last week and I could see they were moving a bigger pump over one of their wells. Water handling and disposal are the big issues out there, along with a high enough price for oil, of course.
The 10Q was filed today and provides a bit of an update along with the obvious implied going concern warning.
"In June of 2016, Citadel completed its facility upgrades; the new facilities have production capacity of 500-700 BOPD. Citadel drilled three wells in June and returned to production 9 idle wells. Production from the new wells continues to increase as the wells clean up. As of November 15, 2016 the Company was producing 50 to 75 barrels of oil per day. The Company is currently working on purchasing and or renting a steam generator, to begin cyclic steaming operations in the 4th quarter of 2016. The Company believes that cyclic steaming of the existing wells, should double its current production."
It's easy to view the new facilities they've built at the Kern Bluff field on the Eastern outskirts of Bakersfield. The tanks are large; the scale seems easily like 500 barrels per day or more.
I am not asking for anything more as I am just starting to dig.
Thanks.
Happy 4th to you as well.
It may have been but the post itself shows you it was a different symbol. I just searched IHUB boards for that symbol and there was not one so I created the board, Obviously they changed the ticker symbol sometime later, I really care less about this and I have spent all the time on it that I will.
Company Notes
Formerly=Subprime Advantage, Inc. until 3-2011
Have a Good Holiday :)
Looks like citadel to me.
But thks.
On February 28, 2011, the Registrant, entered into a Membership Purchase Agreement and Plan of Reorganization (the “Agreement”) with Citadel Explorations, LLC, a California Limited Liability Company (“Citadel”) to acquire one hundred percent (100%) of Citadel’s outstanding membership interest in exchange for Fourteen Million (14,000,000) post forward split shares of the Registrant’s common stock, concurrent with the Closing.
Exactly what I told you it was a low float under a different ticker symbol back then ,see if I made more than the 1 post , many times thats all i ever do
Here is the post
Post # of 3561
SBPV Security Details
Share Structure
Market Value1 N/A
Shares Outstanding 1,158,000 a/o Nov 05, 2010
Float N/A
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
Membership Purchase Agreement and Plan of Reorganization
On February 28, 2011, the Registrant, entered into a Membership Purchase Agreement and Plan of Reorganization (the “Agreement”) with Citadel Explorations, LLC, a California Limited Liability Company (“Citadel”) to acquire one hundred percent (100%) of Citadel’s outstanding membership interest in exchange for Fourteen Million (14,000,000) post forward split shares of the Registrant’s common stock, concurrent with the Closing.
Pursuant to the terms and conditions of the Agreement, the Registrant shall declare a forward split on the basis of twelve (12) shares of common stock to be issued for every one (1) share issued and outstanding . Additionally, the officers and board of directors of the Registrant will resign and appoint Armen Nahabedian, to serve as Chief Executive Officer, President, Secretary, Treasurer, and a Director of the Registrant. Mr. Nahabedian shall serve as a Director of the Registrant until the next annual meeting of stockholders, or until successors have been elected.
Additionally, the Agreement sets forth conditions that the Registrant shall have obtained a cancellation of 7,690,000 post forward split affiliate shares of common stock and issue an additional 400,000 shares of common stock pursuant to a private placement of the Registrant’s shares in exchange for $2.50 per share.
The Agreement with Citadel, upon closing, will provide the Registrant with the ownership of 100% of Citadel, which is involved in the oil and gas operating business .
A copy of the Agreement is filed as Exhibit 10.6 to this Current Report and is incorporated in its entirety herein.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit No.
Description
2.1
Membership Purchase Agreement and Plan of Reorganization – Dated February 28, 2011
ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF SUBPRIME
SUBPRIME, represents and warrants to CITADEL that the statements contained in this ARTICLE IV are correct and complete as of the date of this Agreement and, except as provided in Section 8.1, will be correct and complete as of the Closing Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this ARTICLE IV, except in the case of representations and warranties stated to be made as of the date of this Agreement or as of another date and except for changes contemplated or permitted by the Agreement).
4.1
Organization and Qualification. SUBPRIME is a corporation duly organized, validly existing and in good standing under the laws of Nevada. SUBPRIME has all requisite power and authority to own, lease and use its assets as they are currently owned, leased and used and to conduct its business as it is currently conducted. SUBPRIME is duly qualified or licensed to do business in and is in good standing in each jurisdiction in which the character of the properties owned, leased or used by it or the nature of the activities conducted by it makes such qualification necessary, except any such jurisdiction where the failure to be so qualified or licensed and in good standing would not have a Material Adverse Effect on SUBPRIME or a Material Adverse Effect on the validity, binding effect or enforceability of this Agreement or the Related Documents or the ability of CITADEL or any of SUBPRIME to perform their obligations under this Agreement or any of the Related Documents.
4.2
Capitalization.
(a)
As of the date hereof, SUBPRIME’s authorized capital stock of 100,000,000 shares of common stock, $0.001 par value, and 10,000,000 shares of preferred stock, $0.001 of which there are 1,158,000 shares of common stock outstanding and no shares of preferred stock outstanding.
8
(b)
Except for the Common Stock, there are no outstanding or authorized options, warrants, purchase rights, preemptive rights or other contracts or commitments that could require SUBPRIME to issue, sell, or otherwise cause to become outstanding any of its capital stock or other ownership interests.
(c)
All of the issued and outstanding shares of SUBPRIME Common Stock have been, and all prior issuances of SUBPRIME Common Stock were, issued in compliance with applicable securities laws and all other applicable Legal Requirements.
(d)
The Exchange Shares, when issued in accordance with this Agreement, will have been duly authorized, validly issued and outstanding and will be fully paid and nonassessable.
(e)
As of the Closing, and subsequent to a 12:1 Forward Split of SUBPRIME issued and outstanding shares, and upon cancellation of 7,200,000 post Forward Split affiliate shares, and cancellation of 496,000 post Forward Split Stoecklein Law Group shares, and after the issuance of 14,000,000 post Forward Split Exchange Shares, it is anticipated that there will be 20,200,000 shares of common stock outstanding and no shares of preferred stock outstanding. In addition to the 20,200,000 shares of common stock referenced herein above, SUBPRIME may, as set forth in Section 5.7.1, issue an additional 400,000 shares of common stock of SUBPRIME in exchange for $2.50 per share.
I have no Idea I just created the board back when it was a different ticker, Over the years I have created many boards for companies that do not have a presence on IHUB, and no they do not ask me to, I just find a stock and if it does not have an IHUB board I create one, Normally it is due to being a new listing low float stock . I keep up or try to keep up with all new stocks into the market but I dont always follow them I am not sure that that isnt the only post I ever made on this board lol
Ok so digging in time here at coil.
Anyone still around to fill in some of the blanks?
Will be here checking things out for a while. Should be quite enlightening.
So this is chris m whitcomb's other otc company he is a part of.
Roflmao
Whatever...this is a POS and always will be. P&D is all it is!!!!
$COIL recent news/filings
bullish
double bottom
oil in California
http://citadelexploration.com/
http://citadelexploration.com/investor-presentations/
## source: finance.yahoo.com
Thu, 27 Aug 2015 17:04:10 GMT ~ CITADEL EXPLORATION, INC. Financials
read full: http://finance.yahoo.com/q/is?s=coil
*********************************************************
Tue, 18 Aug 2015 00:13:57 GMT ~ 10-Q for Citadel Exploration, Inc.
read full: http://www.companyspotlight.com/routers/headline/22435/10004/6563801?cp_code=YAH1&1439856837
*********************************************************
Fri, 14 Aug 2015 18:37:10 GMT ~ CITADEL EXPLORATION, INC. Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/150814/coil10-q.html
*********************************************************
Tue, 04 Aug 2015 12:30:00 GMT ~ Citadel Exploration Announces Acquisition of Kern Bluff Oil Field for $2,000,000 and Six Million Shares of Common Stock
[Accesswire] - NEWPORT BEACH, CA / ACCESSWIRE / August 4, 2015 / Citadel Exploration, Inc. (PINKSHEETS: COIL) (Citadel or the Company), a pure-play California oil company with operations in the San Joaquin Basin of California, ...
read full: http://finance.yahoo.com/news/citadel-exploration-announces-acquisition-kern-123000419.html
*********************************************************
Tue, 04 Aug 2015 12:01:09 GMT ~ CITADEL EXPLORATION, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/150804/coil8-k.html
*********************************************************
$COIL charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$COIL company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/COIL/company-info
Ticker: $COIL
OTC Market Place: OTC Pink Current
CIK code: 0001482075
Company name: Citadel Exploration, Inc.
Company website: http://www.citadelexploration.com
Incorporated In: NV, USA
Business Description: California focused exploration and production company.
$COIL share structure
## source: otcmarkets.com
Market Value: $7,374,660 a/o Sep 04, 2015
Shares Outstanding: 38,814,000 a/o Aug 14, 2015
Float: Not Available
Authorized Shares: 100,000,000 a/o Mar 01, 2011
Par Value: 0.001
$COIL extra dd links
Company name: Citadel Exploration, Inc.
Company website: http://www.citadelexploration.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/COIL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/COIL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=COIL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=COIL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=COIL+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/COIL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/news - http://finance.yahoo.com/q/h?s=COIL+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/COIL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/COIL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/COIL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/COIL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/COIL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/COIL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/COIL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=COIL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/COIL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Citadel+Exploration%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Citadel+Exploration%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Citadel+Exploration%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.citadelexploration.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.citadelexploration.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.citadelexploration.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/COIL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/COIL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/COIL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/COIL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/COIL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001482075&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/COIL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/COIL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=COIL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=COIL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=COIL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=COIL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=COIL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=COIL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=COIL+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/COIL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=COIL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/COIL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=COIL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/COIL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/COIL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/COIL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/COIL/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/COIL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/COIL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/COIL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=COIL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=COIL
$COIL DD Notes ~ http://www.ddnotesmaker.com/COIL
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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.
KEY DEVELOPMENTS:
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.
http://www.sojitz.com/en/divisions/energy/index.html
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