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Mo ask smaka!!
Most would love to be here with such a low float alone!! Look at the others out there trading with huge volume with little movement. Lolzz
peeps just realizing PPS goes up HUGE!!!
I have seen tickers run to .05 on momo alone, we got some news yesterday and they retired 22mil shares in June IMO great company!!
CQPT, .02 can be here very fast!!
Agreed!! Great bid support!!
Bid ascension, getting tighter, ready to EXPLODE!
Once the 5k on .006 it's to 107k on .0072 then 80k on .0075!! We are going to penny land and news soon!!!
I agree bud, need some awareness!!!
Looks like GO time.
CQPT!! about to start breaking out already!!
CQPT ASSETS:
Delhi Field, Louisiana
•Working Interest (WI) – 95.8%
•Net Revenue Interest (NRI) – 82.7%
•Proved Reserves – 1,214,181 Barrels Net
•1400 Gross Acres (Conquest Operated)
•7 Producing Wells (30 BOPD), 5 Water Injection Wells.
•Ten Development Drilling Locations (Mengel & Z Sand) @ approximated 3000 feet
Marion Field, Louisiana
•Working Interest (WI) – 100.0%
•Net Revenue Interest (NRI)- 71.0%
•Proved & Probable Reserves – 2,899,693 BOE Net
•21,500 Net Acres (Conquest Operated)
•515 Producing Wells (600 MCFD)
•Over 600 Development Drilling Locations infilling from 40 Acre to 20 Acre Spacing
•Formation Texarkana at approximately 2200 feet
•Upside Exploratory Deep Smackover
Belton Field, Kentucky
•Working Interest (WI) – 100%
•Net Revenue Interest (NRI) – 72.625% to 79.625%
•9285 Net Acres (Conquest Operated)
•3 Existing Wells to be completed
•72 Probable New Albany Shale Wells @ 3,500’
•Upside – 3rd Party Consultant has Identified Additional 123 New Albany Shale Locations.
Belton Field, Kentucky (Coal)
•Noel Daniel (Consultant) Report dated July 21, 2010
•3,583,800 Tons Recoverable (Strippable & Minable)
ABOUT CQPT:
Conquest Petroleum Incorporated is formerly Maxim TEP, Inc. ("Maxim" or the "Company"), is headquartered in Houston, Texas, has approximately 32,000 acres under lease in relatively long-lived fields in 4 states with well-established production histories and is currently engaged in drilling, developing and exploiting these properties to provide long-term growth in stockholder value.. The Company is an oil and natural gas exploration, development and production (E&P) company geographically focused on the onshore United States. The Company's operational focus is the acquisition, through the most cost effective means possible, of production or near production of oil and natural gas field assets. Targeted fields generally have existing wells that are often past primary energy recovery, but whose enhancement through secondary and tertiary recovery methods could revitalize them. Targeted fields also have the availability of additional drilling sites. The Company seeks to have an inventory of existing wells to enhance and a number of new drilling sites to maintain growth, while increasing reserves and cash flow.
http://www.conquestpetroleum.com/about/executive-summary.html
CQPT float: apx 30million, fast mover!!
Really anything under that is a gift from the millions raised and assets with very small share structure!!! Truly undervalued here!!
CQPT can easily push back to .02 , that's over 3 bags from here, NO BRAINER!!
GM bud and CQPT!!!
It's 6:27 CST, got CQPT?!
That's a great looking chart!! CQPT is heading in the pennyland where CQPT belongs!!!
NEWS IMMINENT on CQPT!
Looking through the old news I'm thinking some major updates are coming!
Look where CQPT has already been! This was way over sold! The reconciliation is getting ready to fully transpire! Buy now, or chase later Folks! Easy spot bounce play w CQPT!
Not much in the way that's for sure!
Did you hear CQPT has a float of only 30mm, thanks to a relatively huge share retirement?! This is volatile and move well past .02!!
http://www.barchart.com/cheatsheet.php?sym=CQPT
A lot of buzz running around!! CQPT chart is breaking out!!!
Agree, the CONQUEST is about to go copper, still 50% gain from here!!
Great day for CQPT
Another strong day here. I think the chart is beginning to turn heads. Ready to test the .007s tomorrow.
Thanks, just saw that on OTCMarkets website. But no financials released in 2 years. The BrownDense / Smackover play is a play of increasing interest for small to mid-sized E&P companies. I've heard a bit of interest in it from several contacts in the past. Just not sure what's up with the lack of financials. 2 years is a long time. If this is a momo play, fine, i'm game.
There is news from May right on the ihub page...
Conquest to Drill Well in Marion Field
Print
Alert
Conquest Petroleum Incorporated (OTCBB: CQPT) is an independent oil and gas producing company with a Business Plan of acquiring producing properties with upside potential, restoring wells on those properties to production, and drilling infill wells to capture reserves that would not have otherwise been exploited. The major areas of activity include two producing fields (one gas and one oil) in North Louisiana and an acreage position in Kentucky.
The natural gas producing field is the Marion Field in Union Parish, Louisiana. It consists of 504 low rate gas wells with a leasehold position for the producing reservoir being approximately 21,000 acres. The Company is trying to raise the funds to monetize this asset. It is estimated that 300 additional well locations are available for development. Additional wells can be drilled and completed and, due to the economy of scale, can be operated for little to no incremental cost. Thus, even with the present price of natural gas, the new wells will be economical. The project looks even better should natural gas prices rise.
The Company plans to spud a well on or before June 17, 2012. Not only will the new well add to the production volume, but, the information gathered will be beneficial in proving that no drainage in undeveloped areas has taken place through offset existing wells.
The Company also has the rights to approximately 8,200 acres for the deeper Smackover/Brown Dense formation. The Company has some seismic coverage over the acreage and there are indications of a positive anomaly on the lands. The anomaly exists 2 miles from a well that has tested 500 BOPD and 3MMCFD of gas from a zone thought to be the same as our prospect. The offset operator is currently installing a pipeline to tie into a major gas transportation system. The Brown Dense is a Resource Play spread over southern Arkansas and North Louisiana. Among the options for monetization, the Company will entertain a cash sale for the deep acreage.
With the advent of the deep acreage and the infill drilling opportunities in the shallow gas zone, the Company is continuing attempts to raise money to buyout the production payment that exists on the project in order to own it free and clear and exploit the project internally.
CAUTIONARY STATEMENT
Some of the items discussed in this presentation are forward-looking statements about Conquest Petroleum Incorporated ("Conquest" or the "Company") and its activities in Louisiana and Kentucky, known and unknown risks and uncertainties, which may cause Conquest's or its wholly owned subsidiaries' actual future results to vary widely. Words such as "anticipates", "hopes", "expects", "intends", "plans", "targets", "projects", "believes", "seeks", "estimates", and similar expressions are intended to identify such forward-looking statements. The statements are based upon Management's current expectations, estimates and projections, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond the Company's control and are difficult to predict. Among the factors that could cause actual results to differ materially are changes in demand for, and prices of and demand for, crude oil and natural gas, the results of drilling and testing, local political events, civil unrest, weather, the ability to obtain equity or debt financing on acceptable terms, if at all, working capital constraints, and general economic conditions. You should not place undo reliance on these forward-looking statements, which speak only from the date of this document. Unless legally required, Conquest undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT:
Killian Capital Corp
Ann Thomas
210-744-9565
ann_thomas@msn.com
13131 Champions Drive Suite 205
Houston, TX 77069
just sent the CEO an email, curious what they say. If they do have production in the works, with today's oil prices 1st quarter 2013 should be great. I'll see what I can find out
Call the IR number bud, also there should be an address on the site. If you do get a chance to see it let's us know and take pictures!!
I live in Houston, I can verify if this is a real company. But I cannot seem to find any news on their website since 2009?...
I would have to think so! Let's hope we see a update from the company. From the last pr there should have been a lot going on the last couple months!
Exactly bud!! CQPT only just beginning here..
Thats what we chart guys call a cup n handle breakout!
Looks great, holding for pennies CQPT!
Should be! Go CQPT!
Each day CQPT moves up!! not too many looking good like (((CQPT)))
CQPT undervalued!!
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Conquest Petroleum Incorporated ("Conquest" or "Company") is a fully reporting public, independent exploration and production (E&P) company involved in the development and production of oil and gas from previously identified reserves. Current operations consist of two core areas - northern Louisiana and southwestern Kentucky. As of July 1, 2009, the Company's total proved developed oil and gas reserves of 2.8 million barrels of oil equivalent ("mmboe") valued at nearly $49.2 million using PV-10% standardized measure of future net cash flows.
Conquest's business model is based on a conservative and well-articulated operating strategy consisting of four phases. Phase One - the acquisition of over 36,000 acres of mature, low risk oil and gas properties - was completed by the beginning of 2008 and the Company has since begun Phase Two that it expects to complete by 2009 year-end. Phase Two involves workover and recompletion of certain existing low risk wells that will have the effect of turning proved developed, non-producing ("PDNP") reserves into proved developed producing ("PDP") assets. Phase Three, scheduled to begin by the end of 2009, is expected to result in over 300 new producing wells from infill drilling programs anticipated to run through the first quarter of 2013. These properties are in the Company's existing inventory. Total capital expenditures required to complete Phase Two and Three are estimated at $48.9 million of which Conquest expects to fund from debt, and from internally generated cash flow expected to begin during the second half of 2009 as Phase Two nears completion and new producing wells are brought on line. Conquest's strategy anticipates another round of oil and gas asset acquisitions to accomplish Phase Four
| Average | | | | | | |
July 31, 2008 | Working | Developed Acreage | Undeveloped Acreage | Total Acreage | |||
| Interest | Gross | Net | Gross | Net | Gross | Net |
Marion-LA | 100% | 10,300 | 10,300 | 11,200 | 11,200 | 21,500 | 21,500 |
Delhi-LA | 95.77% | 520 | 498 | 880 | 843 | 1,400 | 1,341 |
Hospah-NM | 100% | 0 | 0 | 1,280 | 1,280 | 1,280 | 1,280 |
Belton- KY* | 100% | 110 | 110 | 9,215 | 9,215 | 9,325 | 9,325 |
Total | | 10,930 | 10,908 | 22,575 | 22,538 | 33,505 | 33,446 |
* In negotiations to acquire approximately an additional 10,000 acres |
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