Dominus Energy is legit company; although struggle to grasp the idea of how the oil and gas business works without its Founder and former CEO. They had an excellent CEO who was more of doer and lacked board members who where not qualified in oil/gas. Assets are real you can check them out on Texas Railroad Commissions site.
I used to work for the CEO when he was VP of Innodrill a drilling company. He was pretty good to us and made things happen when everything was falling apart at the hinges. He kept that company together. I would work for him again; my only draw back is; if you're not ready to work hard and bust your ass making each better he would let you know very quickly. He didn't really didn't waste time with politics. I would assume that was probably why he left his own company.
I would invest in doer rather a team of financial BS artist. My two cents couple yrs short!
Very interesting and eye-opening! Thanks.
trade4, I have made an assumption that the leases GWGI & NXPN are touting is the Adams Ranch property which the previous 6 scammers were peddling. Neither have specifically said it was, but the similarities are clear.
* The portion of Adams Ranch that the scammers have worked was 9000 acres. NXPN says 9000 acres. GWGI, 12,900 in one PR and "nearly 10,000" in another.
* Adams Ranch in over the Canyon Sandstone and Wolfcamp formations. NXPN mentions the same formations. GWGI lists the Barnett Shale, even though the formation is a few hundred miles north of Crockett Co.
* Adams Ranch is 25 mi south of Ozona. NXPN agrees. GWGI say it is "adjacent to Ozona", though they show the recently drilled wells as the Adams #1 Feed.
* Both say wells have been tested in excess of 325,000 cu ft /day. The wells drilled by GFCI were TESTED in that range. Beware of a company that is selling the idea of 20 some producing wells but only talk about what they were tested at. Folks, once a well has been treated and tested, the flow is all down hill from there. IMO, a reputable company would be up front as to the current production of all the wells. As I recall most of the 20 or so wells in this play are producing in the 125,000 cu/ft range. Work out GWGI's cash flow with their 10% interest in that bonanza!
My unsolicited advise to anyone interested in either of these companies is to call them and ask the name of the lease, well ID for wells being drilled and are permitted, target depth of wells, and daily production of the wells they are claiming an interest in. Don't forget the Texas Railroad Commission. A terrific DD source.
One of the favorite dodges of O&G scams is to say " Sorry, we can't give out that information. We are trying to lease additional property and don't want to alert the competition."
BS!!! This field was discovered in 1958 and has been drilled to death. There is marginal gas in the wells, but IMO,to be profitable it would take a Mom & Pop operation with several sons kicking in cheap labor. Not a bunch of Pinkies and a "Swiss Energy Company" selling millions of shares.
Thank-you back2basics! You have confirmed my gut feelings about Norex from the beginning. I'm sure many of these guys, that run penny stock companies, just re-invent themselves continuously and continue to scam a new audience of people. This is why it is so very important to BUY with a level head. Often times people so want something wonderful to happen that they are blinded to the facts that are right in front of them.
I was VERY stupid with GWGI, I did a little DD but basically saw and "heard" what I wanted and hoped for, not what was really written between the lines. It has been an expensive lesson, but hopfully, what I have learned will keep me from making bigger mistakes in the future. GLTA
I don't follow Galloway but I do follow the pink sheet shell game the Crockett County Texas gas play they are now pumping has become. Northern Exp came to my attention and I ran across Galloway while reading up on them. I'll paste in a post I made on the I-Hub NXPN board.
But first, here's an little note about how O&G savvy Galloway is.
In one of their PRs they stated that the Crockett Co play was targeting the Barnett Shale formation. For the past 4 or so years the Barnett Shale has been a very hot gas play. It's also been the buzz word for many O&G scams. Here's the rub. The Barnett Shale formation runs from the Dallas/Ft. Worth area, westward toward Lubbock / Amarillo. Crockett Co is about 200 miles south of the formation. Check Wickapea. It lists the 17 Texas counties in which the Barett is found. Following is my Northern post.
I'm posting here because Northern is now PRing the Ozona property they recently acqired. As I've said, I know little about Northern ,but I think it is important that their investors and potential investors know who Northern is dealing with.
Jim Dial, former CEO of Grifco International is the King of the Adams Ranch scam. He hurt me and many others. I'm dedicated to hounding him and anything he has an interest in.
The property they are PRing is almost surely the Adams Ranch property in Crockett Co. That property has benn through the hands of at least 6 stock scams in less then 3 years. Millions of shares of the 6 companies have been sold on the back of Adams Ranch. Wells have actually drilled and gas produced. Not a penny to retail shareholders.
The fortunate thing about dealing with oil & gas companies in Texas is that there is excellent DD available to anyone that can dial a phone.
I advise those interessted in Northern to do the following.
1. Call Northern and ask If the property is the Adams Ranch. Ask who they have contracted with to produce the wells. Grifco used Remuda Production. As far as I know, a reputible company. Ask for the well numbers they are producing, drilling and have permits for. With the well and permit numbers you can call the Railroad Comission of Texas and get factual information.
If Northern is following Dial's play book, they will dodge your questions or obfuscate. Dial did not want shareholders caling the RRC. He hated independent DD. He actually passed the word that the RRC was threatening to pull all of Grifco's permits if GFCI shareholders continued to "bother" them. A flat out lie.
2. Call the RRC. They are very courteous and will answer questions when given proper ID of wells and permits. That is part of their job and they do it cheerfully.
Crockett Co. is in District 7C - San Angelo, TX. 325-657-7450.
The District Manager is Don Horner. If he doesn't answer the phone, the person that does will direct you to the information you are wanting. They can tell you the date a well was spudded, when it was completed, when it was put into production and regular production information.
If Northern is on the up and up, they shouldn't hesitate to give you the info you are asking for. GLTY.
Remember, there is the original Galloway Energy (the legit company) and then there is Galloway Energy Inc (GWGI) the Shane Lowry company. But, anything coming from Norex would cause me concern. I'm suspicious about them as their PR releases were almost identical to GWGI, they also used the same penny stock pumpers...and I still can't find out any info on Dominus.
If Norex is a partner with Galloway, why doesn't Norex mention Galloway on there website?
Norex Acquires First Ozona Well; Reserves from JV Project With Galloway Energy Estimated at 10BCF
Published Jun 22, 2009
The well, which is in Crockett County, was drilled, cased, completed and stimulated in the Wolfcamp Canyon sandstone formation. Upon tie-in to the pipeline infrastructure, the well has been producing gas since May 2009 at 200,000 cubic feet per day. Galloway Energy Inc., Reno, Nev., (Pink Sheets: GWGI) is a partner on the well.
Norex says an estimate for in-situ gas reserves from the 20 locations total at least 10 billion cubic feet of gas, or 0.5 billion cubic feet of gas per well. The first well was drilled, cased, completed and stimulated in the Wolfcamp Canyon Sandstone
Norex president Mark Schaftlein says, This information provides us with real impetus as we proceed in our strategic planning. Our acquisition selection process is currently well under way, and this project is considered highly favorable for further exploitation. We are very pleased to find ourselves with such a fine collection of high-quality projects at such an early stage. We aim to move quickly yet prudently in order to fully capitalize our position.
The initial well is the first of 20 wells that will be drilled and completed on the leased acreage.
Norex has working interests in natural gas assets in Texas, California and Alberta, Canada
dogcatcher go ckeck out pcai some big buys today its been dead for a couple weeks, looks like the mm are moving in today. imo do your on research before you by any stock. lost a ton here at gwgi
Hey fellows whatsup? I was thegemshop over on yahoo bood. I like Dogcatcher. Believe me if you are a singal man and will hustle you can make money in the jewelry business. I can sit down at any resaurant and make three sales in half hour. Wife gets to jealous so I don't sell much jewelry anymore. I guess ole GypWillGypIs can motor right along. From what I have learnt about the SEC is they are clueless or probably in so deep that they are neutralized. How can the government dump over a trillion dollars into the economy and have any down turns for years? Answer STEAL IT CAUSE EVERYONE IS TOO GUILTY TO DO ANYTHING ABOUT IT. I am really new at this but as gwgi will tell you I like to gamble. Will anyone tell me where to put 5k short term while the market is down. This is where I have bought and got out making money. I started with GE KFT GIS ZIXI CBAK STRM I lost on XOM COST and losing on AMR and FTO but may come back. I just bought back into ZIXI and waiting on CBAK. Just for the heck of it!I lost on GWGI too!
Good News everyone! We can rest assured the GWGI scam will be taken care of finally, because we have a poster on this board who is not only a cop, but has ties to the Sicillian Mob. What more could we all ask for and I will sleep better now knowing that. Boy, this is getting so entertaining!
HEY JABS, I KNOW THAT YOU HAD YOUR DOUBTS ABOUT THIS STOCK, BUT IT SOUNDED TO ME YOU WERE STILL OPTIMISTIC AND HOPEFULL THAT THIS THING COULD HAVE TURNED AROUND. IM SURE THAT YOU PROBABLY LOST MORE MONEY ON THIS POS THAN I DID, SO IM SORRY FOR YOU AND EVERYONE ELSE. AS FOR ME , I HAD THAT GUT FEELING WE WERE BEING HUSTLED,AFTER 20 YEARS BEING A COP IN NYC IVE BEEN SURROUNDED BY DRUGDEALERS, PIMPS PROSTITUES, RAPISTS, THIEVES, GANGSTERS,WANNABY GANGSTERS,AND MURDERERS. THIS GUY SHANE LOWERY ISNT ANY DIFFERENT FROM THE SCUMBAGS THAT IVE SEEN PUT AWAY. HIS DAY WILL COME . IF I LEARNED ONE THING ABOUT CRIMINALS IS THAT THEY DONT STOP HUSTLING,THEY BECOME MORE GREEDY AND SOONER OR LATER ,THEY SLIP UP, THEY EVENTUALLY MAKE MISTAKES, OR SOMEONE MAY INDEED MAY TAKE THIS MATTER IN THEIR OWN HANDS AND DECIDES TO DO AWAY WITH GOOD OLD SHANE.THERS A LOT OF CRAZY PEOPLE OUT THERE, GREW UP ON THE STREETS AND KNOW THAT LIFE CAN BE VERY UNPREDICTABLE. UNTIL THAN LETS HOPE THIS GUY SHANE GETS TERMINAL CANCER OR DIES OF HEARTATTACK OR GETS MOLESTED BY 3 GUYS IN A VAN.
what comes around goes around!did you just make that up brown. sounds very original. it sounds to me like you are still attacking me my man. i dont give a fuk about you or your sensitive feelings. my only priority is to go after gwgi. after 3 weeks do you really feel its important to mention my name after all the bullshit thats happened with this stock. I havent mentioned you in 1 month. nobody cares about you or me ,im just warning people that theres going to be a lot of ugly staments being said about gwgi from me and several others. if someone feels that this is not the best option well let their voices be heard, and i will listen until than fk gwgi, fk ozona , fk shane lowery, fk his mother, fk dominus ,fuck texas, fk canada, and fk you slbrown.
Hey Frankie, As I always say, what goes around comes around and you finally got yours! Next time when honest people are working hard to help others, you may want to stop and think before shooting off your mouth. At least now you are attacking the right people(GWGI), which is why I spent so much of my energy advising others what I was finding out, despite the fact I had already sold my shares. All along I had told the truth and I can tell you that I had many conversations with the FINRA Hotline after my initial call regarding Galloway. I directed them to this message board, where they collected a lot of additional information to help their investigation, so all the people who honestly shared their DD on Shane Lowry and Galloway get credit also for getting this POS company investigated. The biggest most interesting fact FINRA dwelled on was the fact that they intentionally took advantage of another Galloway with a lease in this Texas oil field. Something will be released soon regarding their final findings. So next time, take your frustrations out on the right person or persons, instead of attacking honest people who are trying to help all of us. I almost quit working on all this because of your personal attack and now I am glad I didn't, because I really felt bad for the people who got and will get scammed by this POS fraudulent company. Good Luck to all and here is hoping you find better success in the near future with a real stock!!!
At this time I have to say that I am on your side. I feel like I like everyong else who believes in this company was taken for a ride. Shane Lowrey is a criminal and a bukkshit artist. At least they could have filed the quarterly reports.. Well it looks like ther will be no more trading unless they take care of all the SEC filigs, No more press releases. I hope the SEC does an investigation and this canafian criminal goes to jail, Until then you can do what I am doing I am calling my brokerage company and asking for certificate so I can use them on the dart board or the target range, THEY ARE NOW USLESS
IM GOING BACK TO TRASHING THIS COMPANY ON MONDAY EVENING.I WILL BE RELENTLESS TO THE POINT THAT I WILL BE ON EVERY MESSINGER BOARD BASHING THIS STOCK AND THAT FKIG JERKOFF SHANE LOWERY WHO DOESNT GIVE 2 SHTS ABOUT THE PEOPLE WHO INVESTED IN THIS COMPANY.NO USE IN ANY INVESTIGATING OR CALLING BULLSHIT NUMBERS OR FILING WITH THE SEC. I DID ALL THAT ALREADY.I AM INTHE PROCESS OF HIRING 10 CRACKHEADS FOR 10.00 A DAY TO START POSTING ON THE INTERNET STARTING MONDAY.IM TO BUSY FOR THIS SHT.HEY JABS IM DONE .ITS TIME TO GET UGLY.FOR THOSE WHO ARE STILL TRADING AND BUYING I WILL GO TO WAR WITH YOU TO.I DARE THOSE WHO OPPOSE ME.IVE BEEN PATIENT ENOUGH ALREADY.FOR THOSE WHO ARE STILL LOYAL TO THIS STOCK WELL FKU, I DONT CARE ABOUT YOU.YOU WANNA WAIT AROUND FOR EVER WHILE MISSING OUT ON OTHER OPPORTUNITIES ,IN OTHER STOCKS FKU.FK GWGI FK SHANE LOWERY FCK OZONA PARK FCK DOMINUS ,AND FCK TEXAS. LIKE THEY SAY WHER I COME FROM MESSINA SICILY - A VENDETTA!!!!!!!!!
what the f--K...If this POS company has done everything wrong, not they didnt fo the reporting. this is weird something is up not even sure if this was a reporting company. Now they have totally screwed the credibility of this company. guess we all finally lost our money.... Oh well time for the tax deductions. Good luck to all
I agree with you but I think that at this point we need to see some prs weekly atleast till they redeem themselve and can get the pps back to .25 - .30. they have seriously damaged the reputation on the company and need to rebuild. Best of luck to you and all of the investors
hey jabs i look at it this way. i got back into this piece of shit looking to make some kind of investment, but this stock is clearly not an investment. its simply a risky gamble. we are just gambling at this point.nobody can figure out this company. lets be real even if news comes out do you really think that the pr is going to say anything about any profits being made on these wells .were not even close to that level.for those who bought at .25-.20 or .15 well they have no choice but to wait it out ,but those who bought at .07-.06-or .057 well than mayby monday is a good time to get out if there is no pr.cmon we need updates at least every 2 weeks.what the fk is so hard about that.somebody explain it to me.go back 3 months and you will see there was pr every 2 weeks.what the fk happened.
Just let me be the first to admitt that I might have been wrong with this piece of shit compamy Galloway. Now the share price is back to where it was before the last pr and now they are back in quite hiding... f this piece of shit company
est of luck to you and all the investors in Galloway. IMO we will all make some moneyyyy with this.
Thanks Jabs for your thoughts. I'll check back tomorrow, Best of Luck To You.
I maybe either the biggest optimist or the biggest dummy, but I do have some knowledge of the penny market and of O & G companies. At this point I am not sure if something is up with this company but I would not say that the trading has been halted. If so the SEC would have had press on that before the day began. As for selling it is possible that there are pending orders for sales but right now this pinky has no market, If there is no orders for buying than it is extremely possible that the sell orders will sit. Brokerage companies might not want to take the paper on this right now. I have had this befoe tryong to sell but not able to execute because of nobody wanting to buy it. Right now we are in a wait and see again. I know that sucks but we are at the mercy of the markets and of Galloway. Good luck maybe they will have some news and we will see some volume
But Jabs, Don't you think there would be some people trying to sell their shares? There is zero activity. Something is up.
I don't think it is halted. there just might not be any trading yet today. I checked pinksheets if it was halted they would have posted that immediately. I guess until Galloway gets some consistsnt news and communication trading will be slow. IMO pennys need news to stay hot
Is it halted today?? My Level II has nothing on it? Jabs I'm watching it but just tired out and upset with myself. Anybody know anything????
Is it halted today?? My Level II has nothing on it? Jabs I'm watching it but just tired out and upset with myself. Anybody know anything????
Well lets see what this week has in store for galloway this week... We finally got some news and the PPS jumped but was not able to maintain. The shorts wound up kicking butt. Hopefully some news will come out early and we will see a spike again in the share price. Can't speak for anyone else but I want to make some moneyyyyy here with this stock. Lets all have a good week
As of now I am holding on for dear life with this pos. Hopefully they will have some more news coming soon. Cant seem to hold the share price without news.. Will see if they can redeem themselve
i had another gas company i was invested in mglg that i bought at .0004 2 weeks ago and used to come out with all kinds of exuses in the past. anyway the point that i was trying to make is any and all kinds of exuses could be made when it comes to this kind of investment, but im still holding on jabs.
Where so you come up with this.....
1 week later they will come out with this release:t is quite unfortunate that we have been faced with long delays but we are pleased with the progress to date and anticipate production to begin in late 2009. The compressor has been set in by and we are in the process of tying in our lines to begin production. We have done done an incredible job meeting and working with Citiz representatives to resolve our issue with this well and will continue to focus on the production and revenue phase of the Lease. We anticipate that "Blending" the gas will ultimately reduce our BTU levels allowing us to continue with gas sales from this well. We are not alone on this, this area has several other wells facing the same issue and by working together we have tackled this problem and look forward to placing this well into production. The next coming weeks will be an exciting time for GWGI and its shareholders as we prepare to take in long awaited revenues from this well. It has been a trying time for all of us but we continue to work extremely hard in achieving a positive future for GALLOWAY ENERGY and its shareholders.
IT WILL ALL BE LIES.
next press release will say: gwgi, galloway energy announces progress at the west texas gas well. The well had experienced some problems with the high BTU levels in the past and had been shut in. Work is progressing on the well to prepare it for the production phase. galloway energy is anticipating production revenues from this well for well into late 2009.
Management has been, for some months now, working closely with our operator, has set in a compressor to enable the operators to tie in the lines from the texas lease. There will be several other lines from other wells in the surrounding area coming into this compressor to achieve a blending process.
galloway energy has engaged the issue from Federal Regulators regarding the mandate on maintaining BTU levels of 1100 or less and has come to a resolution. They will be "Blending" the gas from the Lease with other wells in the area to achieve a lower BTU level and allow sales to begin.
Jabs, I'm glad you already knew what "first right of refusal was", perhaps my explanation was helpful to anyone that didn't. Many of us are still learning here...I know I am. Everyone has to make decisions based on their own research, experiences and comfort level. As I've said before, I really hope I'm wrong or I really hope that, in the end, the right thing will be done by Galloway and we can start seeing some real progress. Best of luck to all.
Forst of all I am very familiar with what a first right of refusal is. I may be just a little optimistic but I have to believe that galloway had infact exercised right and completed the deal. As I mentioned before I have been involved with other O & G deals and a small player will be held to silence as long as the majority player says, In this case that would be Dominus. they certainly have had some things going on that thye might want to keep the results of this well a secret. Until I am able to prove wrong doing or I am going to sit tight and see where this plays out
Jabs, Go through all of Galloway's press releases. You will discover that they have NEVER announced that they have actually EXERCISED the OPTION of the "First Right of Refusal". Unless the "First Right Of Refusal" is put into action by a type of contract, in exchange for money or barter (which is what Norex is doing by providing all the equipment for drilling etc) what good is it?
If a friend of mine, in an exclusive neighborhood, says she will give me the "first right of refusal" to purchase her house; This means that before she sells to someone else she will give me an opportunity to buy the house under the terms she is asking. I can then say "I have the "first right of refusal" for the beautiful 10,000 sq ft 5 BR 5 bath Tudor house situated on 4 landscaped acres located on Elm street in Beverly Hills, Calif." I can continue to talk about the fabulous house that I have the "first right of refusal" to and how it comes fully furnished. I can say I discovered that there are original Old Master paintings that are included and, if sold, they would pay for the house more than 10 times over...so this is a great value and I anticipate there is a great deal of profit to be made. Then I say that Christie's Auction house told me that they have a private buyer for the painting by Rembrandt, the one over the fireplace in the living room, and are willing to pay 100 million dollars. It can go on and on....the fact of the matter is I never exercised my rights to buy the house and the house is now rented to somebody else. So tell me what do I have? The answer is nothing and I think that that is what Galloway's piece of the action is NOTHING...because they have NEVER became part of the deal. IMO it is all smoke and mirrors and this is why we didn't hear anything for a month; either they never ever intended to exercise their option of "first right of refusal" or Norex replaced them...and yes this would all be against the SEC rules. The story is not over.
Unfortunately the shorters are out and have there eyes on this stock... Hope that we can withstand the short war.. Company will have to come to war with some serious pr