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Lot's of questions yes. It's correct on one point until it starts filing and speaking or we get other sources of info it will be difficult to define it's future.
Though if it gets reinstated then life begins in some fashion and opportunities might exist since it has real reserves.
I am interested in following the news if it happens. Disclosure, I haven't bought yet.
This is the first time I hear of a reverse split on UPDV. I had owned both stock for over 5 years and I never saw a reverse spit shown by my brokers statements to me. I sure would like to know where that came from! Also a reverse spit does not mean the ownership percentage of HTOG stock had changed. The only way the ownership percentage could have changed, is by UPDV selling HTOG stock. Lastly if the article is right, and UPDV raided HTOG cash reserve accout by 27 million dollars, by Kamal, why isn't HTOG taking a law suit out against Kamal and UPDV to get its money back?
What about the convertable bonds HTOG issued to UPDV, which would bring up ownership percentage up to 70%? Why didn't he say anything about that?
I don't think the person who wrote the article got all of the information to write a complete informed opinion. TOO MANY QUESTIONS UNANSWERED.
Just keep track for reinstatement in nevada.
Smitter SMTT
UGGGHHHHHHHH!!!!! Hate to say it guys, but im losing hope that this thing is going to ever turn around..... Its a shame im pot committed at this point.... In for the long hual.
I found this over on the updv page:
http://www.pinkinvesting.com/article/view/Heartland-Oil-Gas-Corp.-HTOG.PK-Silenced-By-The-Ghost-of-Criminal-Past
Heartland Oil & Gas Corp. (HTOG.PK) Silenced By The Ghost of Criminal PastHeartland Oil and Gas Corp. (PINK:HTOG) was born to life in 1998 in order to devote itself to the exploration and development of oil and gas properties. According to the official data, in 2007 Universal Property Developments and Acquisition Corporation (UPDV) acquired a 52% interest in HTOG, which in 2008 had subsequently decreased to 16% due to a reverse stock split and a couple of additional transactions.
Unfortunately, later on, instead of bringing progress, the acquisition by UDPV brought havoc to HTOG. In Aug. 2009, Kamal Abdallah, president of UDPV, was arrested by the FBI on allegations of conducting a pump and dump scheme of UPDV stock. In the mean time, another subsidiary of UDPV was put under investigation about a major petroleum theft scandal. Eventually, Abdallah was prohibited from becoming a head of any public company and from offering of penny stock.
According to forum discussions, Abdallah had managed to swindle $27 million from HTOG, which subsequently devastated the company. As a result HTOG has been reduced to to a sub-penny stock, and has been hiding from the public for more than a year now.
Recently, some indications of excitement have embraced HTOG stock, which was most probably due to the rumors of a forthcoming acquisition. However, the lack of any tangible evidence to testify the rumors renders the notion of the company's take-over a sheer mirage.
The disheartened HTOG investors, who would catch at any straw like a drowning man, got fascinated by the idea of a possible merger. But the truth is that the company has suffered a major blow to its image and since then had subsided into dead silence. And based on this fact there is absolutely no possibility of predicting the fate of HTOG, at least not until it gets the courage to speak to the public.
HTOG is starting to move a bit. I have held for two years. Still holding. But in the meantime I will make my money on CWRN. Since they have a contract with China.
Good Day today
HTOG 9.6 mill Vol
Smitter SMTT
8 mil in volume today and its only 11am.
Heatland Oil Company in Denver is not HTOG.
We are Heartland Oil and Gas Corp.
TWO DIFFERENT ENTITIES. I know because I spoke to Denver several months ago and left a message telling this to everyone, once before.
Wow! OK...thanks for the info. Wondering how they will fix that?
UPDV still has 2 things with HTOG.
1) They own 52% of HTOG Stock
2) They own convertable bonds issued by HTOG that will bring the stock ownership up to 70%.
Thanks fisher99, I've not been here in an awful long time, just thought these guys might have been able to catch the resource wave. Back in the day, they had some promise or at least that’s what some of us had thought. GL
did some d/d and called aztec drilling to see if they have drilled some wells for them. some lady there said they drilled one well for them last summer.would not say any thing else.
so tried to call htog at thier suite office in denver co but no one answers ph.
in denver dont know anything else sorry.
Hello board. I got the sh** kicked out of me on this one a long time ago. I've not kept up on my reading since. The oil plays once again have new life. Can anyone tell me the current SS and or current Intel they have uncovered?
Thanks
F46
nice--hope theres an update soon
I am a LONG I have been holding 300K at .00179 for EVER!!!! GLTYA
Yea thats what I've been thinking...watching still
Who is nibbling
HTOG gonna rock sometime soon imo...
Smitter SMTT
What we need to figure out is this.
Is CSTI diluting or Shorting.
Smitter SMTT
Thank you. Will dig more too.
Yes the site is down and has been for a while. From what I'm shown they are out of TX. There has been alot of stuff that has went down between HTOG and UPDV. We are hopeful that they will figure out how to get away from UPDV (they're legal issues and court issues) Maybe HTOG has done that I don't know, haven't heard nothing from them after all this went down. UPDV did all the illegal stuff HTOG was just caught in it, as they have REAL product. UPDV had nothing but lies!
Their well leases are producing at 100% capacity and they produce gas only. Which I see could be a benefit in 2011 as the gas is expected to rise as well as oil price. They have been revoked in Nevada, yet it just maybe temporary from what I'm told.
are you having difficulty with the website? Can't seem to get it to work. the http://www.heartlandoilandgas.com/
Am in catchup mode to you and Smitter. Today's my day to start looking into Heartland.
Is it texas based or colorado based or nevada based?
LOTS of questions for me on this so will keep posting and adding what I find to converse.
HEARTLAND OIL & GAS CORP
(HTOG:OTC US)
Heartland Oil and Gas Corp. engages in exploration, development, production, and sale of coal bed methane in the Cherokee basin and Forest City basin of northeast Kansas. The company owns and operates oil and gas leases located on approximately 645,000 acres of property in the Forest City and Cherokee basins in eastern Kansas; 700 acres of property in Palo Pinto County, Texas; and 3,000 acres in Jack County, Texas. It also holds properties in Kansas in the south block, located on the Cherokee basin; and the north block, located in the Forest City basin. In addition, the company engages in the processing and sale of gas through pipelines from its Lancaster wells. As of December 31, 2007, Heartland Oil and Gas had proved developed net reserves of 2,410,484 thousand cubic feet of gas; and 3,002 thousand barrels of crude oil. The company was founded in 1998 and is based in Jacksboro, Texas. Heartland Oil & Gas Corp. operates as a subsidiary of Universal Property Development and Acquisition Corporation.
Found some very interesting and possible positive information for HTOG. Will have to wait til next week before I can get the rest of that information. End of Nov and beginning of Dec there has been alot of money pushed through HTOG. Something is turning around possible.
aren't they the same guys as UPDV, just in disguise?
Yeah, I don't think anyone can get an inside track on this one.
Smitter SMTT
That is what I'm talking about as well, they have real product. With gas expected to go up much much higher next year and all their wells are producing gas. Boy wish I had an inside connection on this one.
I cannot believe HTOG has not been able to shake UPDV off. The work in the ground is done. It's been finished for yrs.
Smitter SMTT
Their ask is starting to looking a lot better wondering if something like that is coming. Have you heard anything regarding how the legal case affects HTOG? Wondering if they will be able to run business as their own company again.
I am not sure. In Nevada there revoked, I am keeping tabs because if they ever get reinstated we will fly.
Smitter SMTT
do you know if they are still producing?
That's looking like a nice chart. Does anyone see an upswing in this play?
Good Morning HTOG'ers
I deleted some crap out of the Ibox, and Put 3 new Charts up.
Have a Happy Holidays
Smitter SMTT
I really don't know what is going on with HTOG either.
I will keep looking as well.
Smitter SMTT
I looked at that web site showing the production for HTOG. Look at bottom of page, below the chart. They clearly state that it info prior to 2007. That is before UPDV took them over and stop issuing information. What we need is 2010 data. Does anyone know who is managing these wells. I'll give that person a call since no one else is trying. Last week I call Heartland Oil and Gas Company. I was told by them that they are not HTOG as HTOG is known as an Inc. and not company (Funny I always thought they ment the same). The company is incorporated in Colorado and the Inc. is incorporated in Texas.
Thank you for your information, in hope of a flight of this action(share)....
On which site, have you this information?
You are correct.
Once Natural Gas starts to roll, then this will naturally take off too.
THey do have active wells, and money is coming in and going somwhere.
Smitter SMTT
Me personally I am still buying this stock. I dont really know why, but for some crazy reason I feel like there is potential here. Especially at the low price its going for. I just want to say I HAVE NO REASON TO FEEL THIS WAY, but I got a gut feeling it will turn around and make people some decent money, Just wish it would happen sooner then later. FINGURES CROSSED!!!
Weigh you a potential in 2011 in 0.01 the action(share)??
So where do you see HTOG going? Im figuring my UPDV is lost but with the vol spikes that I have been seeing here I want to beleive that we have a chance
Thanks for the info, Theres a lot of people who dont know whats going on. Its confusing to myself sometimes. Just hope one day (sooner then later) it would be worth at least a penny again (wishful thinking right???). Have a MERRY CHRISTMAS everyone, and heres to a positive 2011!!!!
As I had stated several times earlier this year. In 2008 with five start deal UPDV purchased 829 million shares from HTOG so that HTOG doesn't have to pay back loans back then. This represented 52% of HTOG. UPDV also purchased convertable bonds from HTOG, where once converted,UPDV will have 70% of the stock. When UPDV took over in 2008, they merged one of their other Oil Division into HTOG (I think it was Catlin Oil). Later that year they let go of all of HTOG Admin staffandthe admin staff of CNFU (anither UPDV Sub), in the intent of saving money, they would have UPDV take care of all admin work. In mean time UPDV stop funding Aztec Oil (an other sub) and this sub was forced to close its doors in earlier 2009. Also at this time CNFU was stealing Oil out of Mexico, was caught and officers were indited. Back in 2008 when UPDVtook over they stop giving news and also stoped filing 10Q for all of their companies. SEC investigated the non filing, issued papers for them to file, but those papers were returned to SEC because UPDV had moved. So SEC delisted UPDV. However UPDV still owns 52% of HTOG. In mean time, last time I saw HTOG official wb site (Which I no longer find), shortly after UPDV was delisted. The web site showed HTOG as the parent company and UPDV as a sub
There is alot of Unknown at the moment. But with wells producing, and increasing I expect to hear something in the upcoming months. Natural Gas is going to turn around.
HTOG ran to .01 with ease a few years back.
UPDV stuff is so confusing, I don't know how to break it down.
If anyone wants to stay active on the board, and chip in as an assn;t mod please PM me or if you have no PM just reply to my message.
Smitter SMTT
Does anyone know the float for HTOG?
Now from what I'm reading from other sources UPDV interested was 52% but tanked to around 16% in 2008 because of other transactions. Has anyone else heard that?
Even if they are starting these back up, still isn't there the issue with UPDV? Are those guys in jail yet?
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State Of Nevada Status currently Revoked.
If we Get reinstated HTOG will Run Big
http://www.heartlandoilandgas.com/
Heartland Oil and Gas Corporation, a development stage company, engages in the exploration, development, production, and sale of coal bed methane in northeast Kansas. It owns and operates Soldier Creek property, which covers approximately 224,860 gross acres and Evergreen north block that covers approximately 631,317 gross acres in Forest City Basin. The company also owns Evergreen southern block, which covers approximately 113,380 gross acres consisting of 24 wells in Bourbon arch. As of December 31, 2005, it had proved reserves of approximately 1,046,878 thousand cubic feet of gas. The company also engages in the processing and sale of gas through pipelines from its Lancaster wells. Heartland Oil and Gas Corporation was incorporated in 1998 and is based in Denver, Colorado.
Shares Outstanding | 889,407,720 | a/o Aug 14, 2008 |
Auth 1 billion
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