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Why is Chevron buying Atlas for over $4 Billion when they can buy Domestic Energy for about $1.6 Billion? Seems pretty stupid to me!
I am still here and still wondering also. At 99.9% down, I figure I am going to wait until it has been totally worthless for 10 more years!
What happened to Whoopie?
Show me the money!
Sure would be nice to get some kind of news here! If we(Domestic Energy)sold/traded those wells with $200,000,000.00 of potential reserves to Westmont, we should get news about it, right? Do we have a mine claim in Canada now? Are we in business anymore? What happened to all the AG sectors? Has anyone talked with Dr. Fischer/Avalon? I thought we had some hope here, but with no news, well I'm not so sure anymore! Anyone left here, or am I the last soldier standing?
WEstmount and DMEC News
10/05/2010 Where We Turn Pennies Into Dollars.
Your Newsletter Today we have found Westmont Resources, Inc. (PINK:WMNS), which is clearly showing buying signal in all technical parameters. The stock has fallen recently on very low volumes. As we all know, when any stock falls on low volumes, it tends to move higher sooner or later at the same or increasing pace it had fallen. Have a look on our research on the stock.
Westmont Resources Inc serves is an independent natural resource exploration and production company with plans to explore to, develop and produce natural resources to include minerals, natural gas, crude oil, and natural gas liquids.
The company is operational and engaged in the future acquisition, and planned development and production of oil and natural gas properties through the use of disruptive technology in an environmentally safe and cost effective manner.
Successfully Acquired 1,800 acres and 60 existing wells Today, Westmont Resources successfully completed an agreement to acquire 1,800 acres and 60 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania. Preliminary estimates are showing that the total value for the acquired property could reach as much as $36 million.
Furthermore, The Company is expecting to generate additional exploration an additional 30 wells could be drilled on the leased acreage, which could increase its total value by $18 million. Combining both the value, the company could target a potential $54 million for the new Pennsylvania leases Acquired 92 Oil & Natural Gas Well from Domestic Energy Corporation.
In July, Westmont Resources reached an agreement to acquire 92 wells in the Chattanooga Shale region in the northern tier of Tennessee from Domestic Energy Corporation. The company a Preliminary estimates on the acquired property and concluded that it could be as much as $200 million.
Multiple Projects in Pipeline The company currently has the following three major projects:
Appalachian Basin Initially, Westmont Resources Inc is focusing its attention on the Appalachian Basin in Tennessee. Tennessees Appalachian Basin is a topographic feature capped with approximately 600 feet of Pennsylvania Sandstone. Oil and gas production from wells in Westmont Resources Incs area of interest comes from the Monteagle Limestone, Fort Payne Limestone, Chattanooga Shale, Trenton-Black River and Know groups.
Permian Basin The Company recently signed a letter of intent to Joint Venture within Eddy County, New Mexico in the Permian Basin. The Companys JV partner has acquired the oil & gas rights of 7,800 acres of leased land for exploration and further development. The project potential is currently estimated at 3 MMBbls of oil equivalent.
Williston Basin The Company has signed a letter of intent to Joint Venture with a successful oil & gas exploration operator that has 65,000 acres under lease and over 30 years of drilling experience in the Williston Basin.
Huge Market Opportunity The International Energy Agency increased its oil demand growth forecast to an average 1.4%, or 1.2 million barrels per day (bpd), annually to 2015 on the back of robust demand from emerging markets, taking the total volume to 91.9 million bpd in 2015.
The Agency also said that Global oil supply will rise by 300,000 bpd a year to 96.5 million bpd by 2015, mainly led by production outside the Organisation of Petroleum Exporting Countries (OPEC).
Non-OPEC oil supply will increase to 52.5 million bpd by 2015 from 51.5 million bpd last year, the IEA said.
Read more: http://stockreads.com/Stock-Newsletter.aspx?id=33866#ixzz11avYJTVF
chacmool) You are correct about having the right to direct anger anywhere you want, I just disagree with the direction(I lost plenty so far, so I understand your anger)! The Colonel walked on the war path with blood under his boots, not the financial road with carpet and slippers on his feet before HMSG! I think he just would not quit trying right until the very end. It was always our choice to stay or leave(buy/sell). I felt things were going wrong a few times, but I did not want to give up on those Marines/Troops either(my choice). We can go on for some time talking about would of, could of and should of, but only DMEC can restore what was lost in HMSG IMO. Now about NuEarth, I think you meant to say Northstar! NuEarth developed the fracing solution Westmont will be using(connection). The 10k points out Westmont gave Domestic Energy(connection) Northstar for 70% working interest in the wells. IMO Domestic retains 30% of the wells and gains 100% mining rights(Northstar).
I am just connecting all the dots with these 3 companies(Westmonts latest 10K confirms this to us/me)! No, I don't find it strange 3 start up companies have the same backers and executive staff. As a matter of fact, I'm glad one hand knows just what the other is doing! I still need to see DMEC has life left, the Westmont 10k shows DMEC could still come back stronger than ever IMHO. All 3 companies could be in the right places at the right time, we have to watch them now!
You are an optimist. I have some old GM shares that are still trading and will sell them to you at a reasonable price.
In all seriousness, regarding this and your prior post. I have every right to direct my anger at Powers. If he is Highlander6, the latter has at least shown remorse earlier today. He continued to issue positive reports on HMSG successes even though there were problems that clearly did not originate overnight, and then sold to DMEC with no due diligence - just the advice of some advisors. He sold out to one of the kings of the shell game.When DMEC bought the company, the stock price had already evaporated. I appreciate his recent communication, but would have liked it 2 years ago.
Regarding the 10K:
Westmont has no revenues, and 3 full time employees and they are going to tap into $200 million of reserves?
NuEarth, Westmont, and DMEC are almost entirely owned by Avalon. Don't you find that strange? They are just moving things around
Where does it say in the 10K that DMEC gets 100% interest in NuEarth?
As I have said before -- I hope i am wrong - it is in my financial interest to be wrong, but I thing this is anothewr step in the shell game. Under no circumstances would i buy more DMEC. Good luck with that.
ghcnj) Thanks, I'm doing a little DD right now on the information found in the Westmont 10k. I'll post any new information I find as well! Good to see you are still around!
I called Rene and left my name and number. If I hear anything I will verify info with the board.
DMEC Investors) To all of you who still have an interest in DMEC, you need to read the 10k released Sept.14 2010 from Westmont Resources(WMNS)! You will find that DMEC is going to own all of the Norstar mining interests as part of the MOU with Westmont. I suggest you look at pink sheets, that's where I located it. Now if we can only get an update from DMEC. It appears to me we have a interest in Tennessee still as well as 100% interest in Norstar if the deal continues to move forward IMO. I see NuEarth mentioned also and like I have been saying, this 10k makes the connection for all 3 companies. So far, this appears to be 3 start up companies that have had assets for some time and are working together to become successful through aquisitions and development. Read and post comments, share information/thoughts! Good Luck to all of us!
Penny Pirate
You were one of the most loyal investors through the years and one of the motivations for us to keep attacking. Like you, I took it in the shorts financially and I'm still paying back on a home equity LOC that I used to manufacture bags. I hope that you made some money when the sales were profitable. I also hope that DMEC starts to energize the stocks by informing the investors of their progress in opening up the oil field.
Semper Fi
highlander6) If you are who I think you are, your integrity is intact in my book! You attempted to protect the Marines and Troops in harms way and for that you get my salute! I respect your commitment to the warriors trying to protect this nation and those nations who need our help protecting themselves against a cruel enemy of the world. One day soon you may hear from me and you will know my name when you hear it. I would be happy to stand beside you again to protect freedoms warriors! The money that I lost in this effort was worth the risk IMO. I can only hope DMEC survives now so I can continue to keep faith in our markets and get back to supporting freedom and democracy in a bigger way than just supporting myself. Like chacmool, I have just been surviving since the dust cleared from the HMSG days! Good luck to you, maybe one day you will find some use for a loyal vet who never quit on you, our Troops or the best country on the planet! Just my opinion.
chacmool) Your anger is justified, but not pointing in the right direction IMO! If highlander is who he says he is(which is quite possible IMO), you can see the difficulties HMSG had as a start up. I won't try and convince you everything is going to be fine with DMEC and the shares you have left, I don't know what is going on yet. I do know I DD'ed as much as my resources would allow me to. I found enough to invest a little more in DMEC and wait. Now Westmont has acquired the wells in Tennessee and I would think DMEC needs to be paid for them if they(Avalon)intend to keep Domestic Energy Corp. alive IMO! Why develop a website and put divisions under Domestic Energy Corp. with no intentions to follow through? I know scam comes to mind, but people can be traced and brought to justice! Reputations are at stake now and investors don't like to give money away! I'm waiting for more information about NuEarth and those products to be introduced into the U.S.A. and the Westmont/Domestic well deal before I get angry at anyone and call this a scam. Things could still work out IMO, Domestic Energy and Clean Green products are emerging sectors IMHO. I just need more information from DMEC, WMNS at this point and product launch from NUEC in the U.S.A. to trust anyone or anything connected to these companies! WAITING!
Hildebrandt had a good track record according to my sources. He did nothing, however, and , as I understand, is on his deathbed.
Dear Highlander6
Thanks for taking the time to provide some information. I can't speak for others on this board but I lost 98% of my investment in HMSG, so I think you can understand the anger. Penny Pirate is hopeful with Avalon, but I see no scenarios in which I will recoup even 10% of my investment. I would love to be proven wrong.
In all good faith then, what kind of due diligence did you do on DMEC. I have not been able to find any evidence that they are a real company - just Larry Hillabrandt. What happened?
No, I don't follow these posts.
I was informed by a former investor what was on it.
HSMG made money on the CTBs for quite a while(11-12000 bags).
Every move the company attempted we put out a press release.
The bag sales leveled out and our partner got greedy and cut out
a large percentage of the margins. He was never able to establish a large sale with the Army with either the Trauma Bags nor some of
the utility bags we developed.
We ventured in other directions, some with modest sucess like the armor vehicle anti-spall liners. The Marine Corps sidelined our biggest target area for this-the AAV, in favor of the MRAP.
We had light level III body armor. DOD mandated level IV, anti armor piercing. We had that too but we weren't "ARMOR HOLDINGS" now bought by BAE, both multi-billion dollar companies who have the highest political connections. So be it, that's life in the big leagues.
We tried to develope the EBD. The designer, a great patriot, was a one man show (80 years old). He targeted 4-8 minutes of air. The best I got was 3-4 so I did not continue to push something that did not live up to my expectations on my brothers in the military. He's developing a new one which much longer air time, I'm still waiting.
We introduced the ARNISI system as a device to shut down cell phone use with IEDs to 5 congressmen. DOD wanted one that shut down all signals from one box. Such is life.
We tried to market window film and bullet resistant glass. Airports are more interested in aethetics than protecting passengers at the ticket counter. Hummers have bullet-proof glass so that was a dead end. We hoped to work casinos in Vegas with the film. Conducted meetings with the larger security agencies in the city. They'd rather gamble that a bomb or earthquake won't occur than spend the money, go figure. Where the hell did the bodybag thing come from?
Successes or failures, the market makers shorted the stock. Frustrated the hell out of me but that's life in the penny stock world.
We existed to help my brothers in harms way and keep them alive so they could keep killing terrorist. If a piece of gear we tested was not as good or better than something they already had or someone else had, I would not sell it just to help the stock. They're more important than me or anyone on these sites. We did , however, continuosly try to inform our investors of our every move unlike, unfortunately, the DMEC crew. I sold the company to them because they had an impressive resume in a sector that looked like was going to explode. I wanted to hand it off to a group that would benefit the loyal investors in a greater fashion than I was able to do....I was wrong. Hopefully it will succeed with the new management.
If anyone attacks my integrity, I will meet them.
O.K. Gentlemen, that's enough! Maybe we should take a cool out period for a day or two, then we can talk about what really happened. IMO it's still not over here yet! If DMEC gets 70%-100% of the $200,000,000.00 from Westmont for those wells or even 50% and stays active and aggressive, Domestic Energy could return in force! If not, I still feel the Colonel tried to make things happen for the investors of HMSG and protect our Troops who were and still are in harms way. Let's wait and see how this plays out before we go man hunting one another, O.K.! For goodness sake, I am not happy about what heppened here, but will not point a finger at anyone without learning the truth first. So let's calm down and hope DMEC survives this, we deserve a break here! Watch Westmont WMNS and NuEarth NUEC, they are all connected in one way shape or form! Call me crazy, but I have not given up on DMEC or the Colonel. I'm watching Westmont and the DMEC deal, as well as NUEC and it's products being introduced into the U.S.A.! Good Luck and Stay Cool, there is still some life here according to my DD! At least we tried to help the Troops, our hearts were in the right place if not our money, but it is not over yet!!!!!
Dear Highlander:
Thank you for your most interesting post.
While I have no way of knowing if you are who you say you are without trying to call you, I will reply as if you are truthful about your identity, although I fully recognize you may just be an actor playing a game.
First of all, I have no interest in calling you based on the tone of your hostile note. I am not a tough marine like you and far too sensitive to be attacked via phone, plus I believe it would be a waste of time.
Secondly, I am surprised that you accuse me of hiding. You have been silent on HMSG and DMEC boards on Investors Hub and Raging Bull for a couple of years, while your former investors have had countless posts about the sad end of HMSG & DMEC, as well as your own actions. I can not in any way believe that you were not aware of these boards. You may argue that you have nothing to do with DMEC, but the fact of the matter is that you have everything in the world to do with the sad state of the stock, and the DMEC boards continue to feature you and / or HMSG as a subject for discussion.
Thirdly, you accuse me of slander. You must be kidding. If you are truly new to this board, have you taken the time to review the past posts on this and Raging Bull. If I had been with HMSG and suddenly discovered these boards, I would be very interested in reviewing them. My post about your current endeavors was pretty tame compared to what has been said about you on the boards over a couple of years. There are countless others from other posters wishing for your arrest, hoping you end up in a North Korean jail, labeling you disgraceful to the marines, and comparing you to a terrorist. There is much more, and I am guessing you know that, so the question is why have you reacted so aggressively to my post and not the others?
Finally, you challenge me to Man Up. Why don’t you do the right thing and man up? How many investors who had faith in you have you destroyed? Why no communication about what happened at HMSG? What happened to the vests, the toiletries for army base stores, and the body bags? Do you have any body bags left for your investors for their use? And now you are back in business again? Oh brother. Why not man up, read some of the posts, and share some information. Instead of trying to pick a private fight with me over the phone, why don’t you publish your number and invite others who are more manly than myself to call you?
on your post 2298 "he has no shame....."
Evidently you have our website.
If you have a bitch or you're going to slander my
reputation, at least have the balls to do it face to face rather than hiding behind your ficticious handle.
Rene Colewell will give you my contact information
She's on the website
Man-up
I have no idea what you are saying in your post. What number are you talking about?
Chacmoool
I hide from no-one
You have the number unless you're hiding
UPDATE ON COL. JEFFREY A. POWERS - I just came across these two links today. Looks like he has been busy with his own new company as well as some involvement with a second. He also has a profile on LinkedIn. I would have thought he doesn't want anyone to know where he is. He has no shame. Check these out:
http://www.powersbuiltvet.com/about.html
http://www.jerseytactical.com/about/about.htm
chacmool) Thank you! Your posts are important to me, although I am more pro than con. I feel we have good reason to be cautious after what has happened to us with Homeland Security Group Intl. Still, I won't let that get in my way of making money with a start up company. I will watch all three companies, but have positions in Domestic Energy Corp. and it's sister company NuEarth for now. I intend to add as they unfold and become more clear! Thanks again and Good Luck if you stay and hold!
Thanks for your post. I hope you are right.
In no way am I disputing that rising gas and oli prices will benefit some companies. Nor am I disputing that some of these projects, while unattractive to the majors may be attractive to smaller companies. I am not disputing the technologies that may now make some of these formally unfeasible wells feasible again.
I simply do not think that either of these companies, whether DMEC or Westmount are anything other than fiction at this point.
The Wesrmount site at least has an address and apparently some history as a company. That is somewhat encouraging.
DMEC has never been anything other than an uninformative website that coulde be put together by a grad student.
I will watch and hope to get back 10% of my investment because if I sell what I have I will get nothing. 11,000 shares today have doubled the last trade price to $.04. Looks nice on your computer screen but when you think it is c $440, it is not very compelling. If I tried to sell 11,000 shares I would be happy if I could make $100.
chacmool) No not strange, just unexplained! You can rest assured I feel that penny stocks are VERY RISKY! That said, I think we have a much better chance at making some money here than with lottery tickets(LOL)! Sure I feel things are not clear here yet, but it appears to be taking shape for me so far. I, like you, have been placed here by Homeland Security Group Intl., not by choice. I have acquired more shares because what I had left from Homeland after the split was ridiculous. I felt all along that this was a risk, but not a scam. I still feel that way IMHO! Dr. Fischer IMO, is really working for Avalon trying to make these companies a success. I could be wrong, that's the risk I'm taking. I could be right, I'll have the Colonel to thank in the end for linking me here! The one thing I can tell you is...I did DD about Oil and Gas reserves in the U.S.A. and everything checks out so far. The new technologies are going to make a big difference for those that have resources and invest early. I think now is the time and feel comfortable with a start up company. The big oil companies have plenty of other projects that they are dealing with IMO. That leaves the door open for Domestic Energy Corp., Westmont Resources and others.
Don't you find it strange that last trade price for DMEC was 50% lower than last trade price before the press release?
Don't you find it strange that there is no evidence that anything has been done with those wells and no substantiation of the reserves? (I would be willing to bet that if your drove to those 92 wells each would have a "DANGER, NO TRESSPASSING SIGN"
Don't you find it strange that the Westmount web site is clearly new and that there is no evidence of any other operations?
Don't you find it strange that Dr. Fischer is both buyer and seller here?
I keep reading posts about how great Avalon is, but if you try to research them you find nothing concrete. It is all just text.
I am betting that my investment in HMSG is 100% gone. If I were try to sell more than a couple of hundred dollars of what I have at the current price it would either attract zero buyers or, if at the market, would generate virtually no dollars.
It is good to be positive, but at this point, if I could take 1% of the dollars I still have in DMEC and invest them in scratch off instant win lottery tickets, I am pretty sure I would be better off
Again,I hope I am proven wrong
chacmool) Let me explain how I see this once again. The $200,000,000 in resource reserves had belonged to Domestic Energy Corp.(this I think we agree on)! Retaining 30%, 50%, or even 90% is not my point when it comes to ASSET$. However you want to look at this, my point is...Domestic(according to Westmonts news)has physical ASSET$ and cash ASSET$(and/or the equivilant), or why make a deal in the first place?. The deal has not yet been reported by Domestic Energy so far. My point being, it is not clear just how much cash is in hand, but it is clear something is being gained for Domestic Energy, just what it is has yet to be determined. This is where our speculation is in play IMO! I wish we had news, but we don't(from Domestic). So IMO, this is not bad for Domestic Energy Corp. and just how good it is we should find out with news and filing from Domestic. You are not wrong in trying to calculate expenses for these reserves, but also don't forget Domestic Energy does not pay for another company to take reserves out the ground. Westmont most likely calculated the potential of the reserves and the cost of recovery before making an offer(ASSET$ for Domestic and Westmont IMO). Nothing negative in these developments IMO. That is my point!
The 70% does not represent cash minus the expenses. 70% is what Westmount has acquired - that leaves DMEC with 30% of the hypothetical reserves (maybe - because the press release does not say that DMEC retained 30% - it is just some info on a Westmount web page)
chacmool) Correct! The 30% has been retained($60,000,000, maybe more in potential reserves). The 70% represents cash minus the expense to recover the resources(depending on the type of deal). We are on the same page so far. What needs to be considered is...the new drilling/fracturing techniques and the costs involved. Horizontal drilling could multiply reserves on proven wells many times over IMO and others, it will depend on location. That's why I mentioned news/filing to be able to calculate potential with more accuracy. I see the same numbers you do! After seeing $200,000,000 in resource reserves, I see ASSET$! Something we have not seen from Domestic Energy yet, only Westmont(because the lack of filing). I don't see a negative in Westmont's news for Domestic Energy Corp, if you catch my drift, it appears to be positive information so far(just not from our Domestic Energy yet)! I also like the fact that Domestic Energy retained 30%, it tells me they are not ready to walk away from the Chatanooga Shale play altogether. There may be more wells to be acquired down south IMO. This is getting interesting for me, I see movement in the right direction, but it's just the beginning IMO!
30% is $60 million not $140 million - and does not become operating cash - if they did retain rights (the press release says nothing about this per se). This $60 million would be over many many years, and you have to deduct the expenses for getting the product out (if these wells are not pretty much depleted) - then how does that relate to the number of DMEC shares outstanding
O.K. EarnestDD, then stay on the sidelines for now, what else can I say to you? I'm not diving in yet either, but am paying close attention. IMO this has the potential to get the Energy money very curious if they are wise(not on the radar yet). If it's a scam, it will come out in the end! Good Luck in whatever you invest in!
chacmool) Not a bad deal if Domestic Energy retains 30% IMO! From $200,000,000 in reserves, that should amount to $140,000,000 in operating cash for Domestic Energy and Westmont could be getting off cheap IMO! The new technologies to recover oil and gas are in play now. I'm sure they have been talking about proven reserves when they put a cash value on those wells. Don't forget, the wells have already been drilled, they just need to be opened with a new frac tenique for better results. Time tells all IMO, stay on this and make money with me. I wish the best for you! Go slow for now until we see proven results with news and filing! Good Luck!
Sorry ... NO Real Assets in any of these Scams.
Not in Anviron or NUEC or DMEC.
jmo
EarnstDD) Anviron has proved to be a stepping stone IMO! Don't let that discourage you about NuEarth. Like I have stated before, stepping stones result in a clear path sometimes. I'm sorry if you have lost hard earned money, but Anviron is still alive IMO with NuEarth in control now. Dr. Fischer has done what any business man would do, aquire assets to build upon. Look what Domestic Energy is doing in Tennessee, they just agreed to sell assets to move ahead, nothing wrong with that(yet)IMO!
Penny Pirate
I looked at Westmount. Although it looks like a brand new website, the encouraging part is to be found on the link:
http://www.westmontresources.com/index.php?option=com_content&view=article&id=9&Itemid=12
They are saying that phase 1, getting all the wells in operation again at low levels of production is 6 months,ramping up after that. I have no idea if that bears any resemblance on reality. It seems that opening 92 wells that have been shuttered for decades would require pone hell of an investment.
It also says that they have acquired a 70% interest in the wells, so the 3 big questions are:
1) Has DMEC in fact retained 30% interest?
2) How much has DMEC been paid for its 70% sale
3) To the extent that DMEC retains 30% (otherwise, it is irrelevant) - how realistic are the scale-up and production plans.
Anviron proved to be nothing but a scam and if Fischer is involved ... this too is a Scam.
jmo
chacmool) If you get a chance, take a good look at Westmont Resources and tell me what you think. I see the cease trade order was in British Columbia because of the lack of filing. On Pink Sheets, they have the second(2nd)highest rating. Check out NUEC NuEarth(Domestic Energy Corp.'s sister company), the Dr.Fischer connection is there also. If you are wrong about Dr.Fischer/Avalon/Domestic Energy Corp., what a ground floor opportunity this is, closed today at .021! I'll be watching all 3 looking for anything until we get news/filing here. Good Luck and thanks for your opinions.
Penny Pirate
Thanks. Let's all hope for the best.
chacmool) Only Domestic Energy can do that! It's going to take solid news and filing for me now. I've had enough waiting as I'm sure anyone left from the HMSG days has. Although I ask myself, why would all of these people put so much effort into a scam, when they could be working on really making these companies a success? They have to go on living with themselves on the run or in jail if it's a fraud! I also trust my gut and for now, it tells me to wait and watch. If your right, I hope anyone involved gets time behind bars! If you are wrong, I hope you have enough shares to make this worth the wait(LOL)! If my opinion changes, I'll be sure to post something, I can only hope for the best now, it's been years from when I first decided to help support our troops in harms way with hard earned money and not my blood. Age is my factor, not courage! Good Luck!
I hope to be proven wrong
chacmool) I'm not one to tell you to go against your gut! I noticed today that Westmont has a cease trade order in effect. Still I'm not convinced this is a scam yet either! Why? When I talked to the Colonel at HMSG he assured me we were going to be put in good hands. Now I know words are just words, but coming from the Colonel, it holds some salt for me being a military man. That said, Dr. Bruce Fischer may be trying to get things on solid ground. There are stepping stones one must walk upon before a clear path is found sometimes. I see this in the aquisitions from Domestic Energy Corp.'s sister company NUEC. Now I'm still not convinced everything is on the level yet as well, time will tell.
Pennyland is very risky, but can also be rewarding IMO! After what happened at Enron, it's difficult to think money is safe anywhere these days, if you know what I mean. Dr. Fischer, if on the level(which is the side I lean towards now), appears to be very busy trying to make these companies he is involved with a success. Avalon appears to be in control and my understanding is they have the resources to make things happen! I'll be watching with you and will post what I learn along the way as I hope you will do. Good Luck with your investments!
Somehow I missed your post.
I hope you are right, but sadly my gut tells me this is just another maneuver to wipe out what is leff of shareholder worth in DMEC, another sad HMSG chapter. .
You can go to the website at:
www.westmontresources.com/
Dr. Bruce Fischer, who has been involved with Avalon, was identified in the past as COB of DMEC is also CEO / COB of Westmont, which I believe is another make believe company. If you do some google searches he is to be found with his presence all over the place.
$200 million in reserves sounds OK, but the investment to get them out will be enormous (if these reserve estimates even have any connnection to reality). Over how many years, what are the earnings. More importantly, what are they paying DMEC - my gut tells me probably nothinhg or close to it.
I hope I am wrong - but I don't think so.
chacmool) I'm glad someone else noticed that! In post 2274 I had mentioned the deal with Westmont, but we still have no official news from Domestic Energy Corp. yet, we could sure use it IMO! That deal mentioned $200,000,000 in reserves(not bad). My math tells me we are way undervalued here, but official news and/or filing from Domestic Energy Corp. will help confirm this and help the stock price move upward where it needs to be. There appears to be other deals in the works as well, read some of my latest posts. Good Luck to you here, IMO this may just be a keeper!
Domestic Energy Corp., 92 Wells in the Chattanooga Shale Region
SnapshotPeople Company Overview
As of July 13, 2010, 92 wells in the Chattanooga shale region of Domestic Energy Corp. were acquired by Westmont Resources Inc. 92 Wells of Domestic Energy Corp. in the Chattanooga Shale Region comprises oil and gas reserves. The property is located in Tennessee.
OT: While we are waiting for information to show itself, you may want to have a look at WNRC. I believe this stock is about to make a major move upward.
http://investorshub.advfn.com/boards/board.aspx?board_id=4629
Has anyone else besides me noticed the news on pink sheets about the 92 wells in Tennessee? It appears Westmont Resources has made an offer to purchase 92 wells from Domestic Energy Corp. The wells are estimated to hold reserves of about $200,000,000.00 Just how much they are paying Domestic Energy is not clear yet, we have no news. Westmont Resources put the news out, (WMNS), check the news July 13, 2010! This makes me wonder if Domestic Energy is working out some kind of joint venture or using the money to operate in another location or both? Any thoughts? Anyone? Hello!
Well now, it's going to be NINE(9)months since Avalon has updated everyone on progress and has had control of those first 90 wells! Waiting for this baby to pop has not been easy for anyone IMO. We do have some information that gives us hope, care of our sister company NuEarth(NUEC), which appears to be in a position to start growing also. This is a penny stock on Pink Sheets, so IMO we all understand the risk reward factor! That said, it would sure be nice to see some kind of life here. No Information and STOP on pink sheets tells me there is plenty of paperwork to review for filing, let's hope that is being done or complete by now. On the brighter side of things, NuEarth has the same rating No Information and STOP, but appears to be moving full steam ahead with news and a new CEO! Let's hope Domestic Energy will at least give us some kind of news/update soon, investors deserve a little attention IMO, even on pink sheets! Good Luck everyone, but don't light those cigars yet, LOL!
I wish I had something of value to offer.
Take solace though that the BP you mention may soon have a share price lower than ours!
I cant say they do not deserve it.
O.K. board members, I got I-Hub to put us in the correct sector, we are not Homeland Security, we are Energy now! If we could only get some news from the company, it's been almost 8 months since we were last updated(TOO LONG)! Anyone have an idea what is going on besides business work at their own pace? I was excited about the news with Nuearth as a sister company, but that board has been quiet also. They(Nuearth) have Limited information on Pink Sheets and we(Domestic Energy Corp.) have No(outdated)information! We need to be updated with new ownership info and share structure, without those updates on Pink Sheets, nothing can be trusted IMO! News would change everything here IMO, but WHEN????
I want confirmation from the company about those other states besides Tennessee we are in that were repoted from the Star Bronze building report for Nuearth, also some interesting news I can confirm "PLEASE"! I can't be the only one hungry for some good news here! BP can go home IMO and Domestic Energy Corp. can step up!!!!!!!!
12% pop on a $9 trade.
I have never quite figured that sort of activity out.
Also, FYI, my calc on the oil leak.
So as not to over-estimate the flow, I am assuming a low velocity of 4fps (low for discharging pipes) and 50% gas content, 20" pipe vs the 21" riser I think it is.
(20*20*pi/4 in2)(ft2/144in2)(4ft/s)(3600sec/hr)(24hr/day)(7.48gal/ft3) = 5,639,800 gallons/day
5,639,800 (0.5 oil/gas) = 2,819,900 gallons of oil per day.
There are 42 gallon per barrel of oil, thus
2819900/42 = 67,140 barrels per day!!!!!!!!!!!!
5000 barrels a day my 'you know what'
Doc) Yep, that's it! I thought that was very interesting indeed. Tennessee is all we know about from the company so far, but to think we are also in Kentucky, Ohio, Pennsylvania and New York, well to say the least, things could get very interesting around here IMO. I just want to see some official news from the company and pink sheets updated with share structure and new ownership changes. We are still off of the mainstream radar, but that could change quickly with news. Thank you for posting the report of the Star Bronze building for nuearth, I'm not the best when it comes to copy/paste and post. You should ask Gamood if you can be an asst. moderator on the board(there is room for another), you've been here and have a working knowledge of the industry(Energy). Good Luck as always and keep those fingers crossed for good news from the company!
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AGOil&Gas is an oil and gas exploration and development company focused on the exploitation of long lived, low risk natural gas and oil properties. Our current operations are centered on the emerging Chattanooga Shale Play in the southern Appalachian Basin.
AGagro is primarily focused on the development of Large-Scale Bio-Fuel projects. AGagro’s goal is to release the potential of agriculture to solve crucial energy problems for people and the planet. The need for inventive, sustainable solutions to the world’s energy problems has never been greater. We are uniquely qualified to meet these needs in ways that create ongoing prosperity.
AGcoalgas is a Company focused on “Clean Coal Technology” (CCT). We have developed the next generation of clean energy technology. By grinding coal into a very fine particle slurry, biologically treating the coal slurry to remove the heavy minerals, we believe such a slurry mixture, will have sufficient fluidity to move through pipelines and burn cleaner than current Oil and Gas fired power plants. Link this revolutionary clean coal technology with AGcoalgas’s proprietary biological treatment of the plant emissions and the elusive zero emissions power plant is close to fulfillment.
NorthStar Exploration is a company engaged in a variety of projects in the natural resource exploration industry in Western Canada with an emphasis on rare metals and oil sands exploration. The company is aggressively exploring Canada's rare metal land holdings in British Columbia and the largest contiguous oil sands land holding, which are located in northeast Alberta and northwest Saskatchewan. NorthStar Exploration is leading the development of rare metal exploration in British Columbia and the oil sands industry in the province of Saskatchewan.
The Avalon Group Ltd Acquires Controlling Interest in Domestic Energy Corporation
Press Release
Source: Avalon Group Limited
8:30 am EDT, Monday October 12, 2009
HONEOYE FALLS, N.Y.--(BUSINESS WIRE)--Domestic Energy Corporation. (OTC.PK: DMEC)(“Domestic Energy” or the “Company”) announced today that on the 10th of October 2009 the majority shareholders and the Board of Directors reached an agreement with the Avalon Group Limited for the acquisition of controlling interest in the Company.
The Avalon Group Ltd will move to recapitalize the Company over the next few months. The focus of Avalon will be to merge several of the Groups North American and International natural resource projects into Domestic Energy to advance the Company into a consistent and positive revenue stream. Pursuant to the terms of the agreement, the board of directors and executive officers of Domestic Energy resigned and were replaced by the board and officers of The Avalon Group Ltd’s natural resource division.
"The successful completion of this transaction is a major milestone for us,” stated Marcie Corbin, the Avalon Group Ltd’s Chief Financial Officer. “Our acquisition of the controlling interest in the Domestic Energy Corporation will provide us with new opportunities to expand our International natural resource operations into North America, and enable us to grow our company, and greatly enhance our visibility and market awareness of our products and services."
“As a member of the new Board of Directors for Domestic Energy, I am excited for the future of the business and the expansion of its role in the North American and International oil and gas industries”, stated Dr. Bruce Fischer – Chairman of the Board for the Domestic Energy Corporation / bruce.fischer@domesticenergycorp.com
Avalon Group Ltd is an International based private equity investment corporation, which identifies and develops assets within the Agro-Forestry, Healthcare, Exclusive Leisure Travel, Software Technology, Media Distribution, Entertainment, Natural Resource and Real Estate economies with the potential for above average capital appreciation and increasing cash flow returns. We maintain a diversified portfolio of business and investments in order to limit operational and industry risks.
Domestic Energy Corp is a independent oil and gas exploration-development company focused on the exploitation of long-lived, low risk natural gas and oil properties. Domestic Energy is in a position to acquire and exploit shut-in gas wells and those wells whose profitability has declined due to interrupted service. Additionally, revenue is generated by transporting gas to market for other producers. Domestic Energy will be positioned to maximize production of existing wells by proper engineering practices such as well stimulation in the form of nitrogen or acid fracturing.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), as such, may involve risks and uncertainties. Forward-looking statements are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. Forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4) complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control.
Contact:
The Avalon Group Limited c/o Polly Anderson 425.818.0189 phone 425.491.2838 fax polly.anderson@theavalongroup.co.uk
shs decreased by 1 for 1000 split
Pay Date: Apr 7, 2008
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