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That is very true!! $CQPT!!
$CQPT: Thanks for the welcome. Smart traders ARE accumulating here today. Slow and steady always wins the game
Welcome PB!! $CQPT is shaping up!!
$CQPT: hey all ... was checking out the board last night and wanted to drop by to let you guys know that things look great here!
Nice accumulation day here
Looks like we could be accumulating here so watch for the next leg!!!
Welcome bud you'll love what you see here! CQPT
Welcome bud, glad to have you I knew some where waiting on the sidelines for an opportunity to get in.. lolzz
Nice i love new stocks, will dig into this now.
Its a shack lolzz don't get scared out of an opportunity!! $CQPT
When the word gets out on this and the volume comes, BANG. Triple for sure.
One buy pops us back lol moves on air!!
WOW!! Given shares away!! Hold tight just got started!! $CQPT has more to offer!!
thanks glad to be here. I have a lot of experience in the Oil & Gas business and am thankful that I can read these recent updates and actually understand what they are talking about =) Go $CQPT !
Looking good. Still unnoticed for the most part. Moving up nice and slow.
I agree bud, I was told yesterday that they have achieved capital around $30 million and with 22 milie shares retired will move this back up!!
$CQPT
I'm seeing after .007s we move to .009s!!!
>>>GO CQPT<<<
We get a update and it's gonna be crazy in here!
$CQPT , number 4 on ihub breakout boards peeps are starting to notice!
http://investorshub.advfn.com/boards/breakoutboards.aspx
Ready to see pennyland from here.. $CQPT!!
Let's stay busy in here boys!
Gotcha!! $CQPT is money!!
Buttonwood, up to some good!
Button got it going on!!!
Welcome bud good to have you here!
Wow so thin, with volume a easy triple from here! IMO
just make sure you keep putting $ sign in front of $CQPT ;)
Awesome, we could with this type of volume be in pennies in a hurry!!!
bought me some $CQPT this morning. already green!
As am I! Thank You, button, and LB who told Me about it!
I agree!! So undervalued here!! I'm glad I fund this..
LINCOLNs ( plural) CQPT!! Easy Rebound spot here, this going to at least triple from these levels!!
Could be Today, Could be Tomorrow, but the burst pattern is two days running now, and CQPT is getting ready to EXPLODE!
We have another burst like that we will be in .01ssss!!!
WOWZERS!!!!!! Move it MOVE IT!!
This is how it should always be lolzz up up and a way~~~~
Great to have you!! Moves on air bud!!
Got in for 130,000 this morning. Glad to be on board! everything looks good to me.
I'm in for this ride. Fast mover from what I can see!
Look at this go..could we see over 200% today??????
Lolzz by Friday we should be in pennies IMO
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14
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Posts (Total)
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583
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Created
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08/21/09
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Free
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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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