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Nice movement here today.
JYHW - Bullish Engulfing
http://investorshub.advfn.com/boards/board.aspx?board_id=10492
Daily
Weekly Not Bad Either
http://www.otcmarkets.com/stock/JYHW/company-info
It would be nice to see it there again.
$$JYHW was over $1.20 a share this time last summer!!
No one could accuse the CEO of running a pump & dump. LOL
Hopefully they release some updates soon.
Good to see you TKO. No, I sure don't. I haven't been following this much, just keeping a loose eye on it.
Here is their most recent update in North Dakota. Got anything more recent than this?
I'm real surprised to see the SP so low, haven't looked at this one for quite a while. Thanks for putting it back on my radar. Are you in EG*H?
Heard back from the IR guy today. They are looking to expand in Kansas, the Bakken, and develop/find acquisitions in Eagle Ford.
Getting in on the shale plays... not a bad move.
I tried calling over there the other day to get an update, no luck speaking with anyone.
Any new info on this one lately?
Looks like there is some insider trading going on...
http://www.thestreet.com/_yahoo/story/11103378/1/insiders-trading-pbct-bx-key-cci.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Think JYHW will bump back up?
JayHawk Evaluates Bakken Acreage -- Looks for Additional Land
http://www.marketwire.com/press-release/JayHawk-Evaluates-Bakken-Acreage-Looks-for-Additional-Land-1411912.htm
JYHW news: UnionTown Energy Postpones Closing on Jayhawk Energy Inc. Purchase Agreement
Uniontown Energy Inc. Common Stock (OTCBB:UTOG)
Intraday Stock Chart
Today : Thursday 3 February 2011
UnionTown Energy Inc. (OTCBB: UTOG), an Independent Oil & Gas Company, today announced that it is postponing the closing of its previously announced Purchase Agreement with JayHawk Energy Inc. (JayHawk) due to discrepancies in the target property size, initially represented to UnionTown to be the total 45,000 acres held by Jayhawk in Kansas as set out on the Jayhawk website.
During the due diligence process it was discovered that the size of the property originally offered to UnionTown by JayHawk was significantly different from the property size in the proposed closing documents.
In addition, the Independent Consultant Report had a further conflicting figure in total land size.
Although the property size does not affect the viability of the Project, UnionTown has instructed its legal counsel to confirm the correct property size prior to proceeding.
About Uniontown Energy
Uniontown Energy Inc. is an Independent Oil & Gas Company whose focus is the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States.
Safe Harbor
The information in this release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reasonable assumptions, actual results may differ materially. These forward-looking statements involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.
Investor Relations:
Patrick Smyth
Phone: (702) 530-3241
E-mail: Email Contact
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Good luck
JayHawk Energy Enters the Bakken/Three Forks Play
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EmailPrint..Press Release Source: JayHawk Energy, Inc. On Wednesday January 19, 2011, 10:40 am
POST FALLS, ID--(Marketwire - 01/19/11) - JayHawk Energy, Inc. (OTC.BB:JYHW - News) ("JayHawk" or the "Company") President Marshall Diamond-Goldberg is pleased to announce that JayHawk has acquired leases in the Bakken and Three Forks unconventional oil play in Divide County, North Dakota. Mr. Diamond-Goldberg stated, "JayHawk's intention has always been to eventually become involved in the Bakken due to its proximity to the Company's production presence in the state of North Dakota. In order to proceed with the Company's recent drilling at Crosby, a quarter section of land was acquired with Bakken rights, which allowed JayHawk a small entry into the play. With this acquisition, the Company decided to begin the search for additional Bakken rights. This recent acquisition is the first of what the Company hopes to be multiple additions to its holdings in the Crosby-Bakken lands."
The Bakken and Three Forks rights acquired include 1,066.5 gross acres and 135.056 net acres in Divide County approximately 20 miles from the Crosby pool. Mr. Diamond-Goldberg said, "This purchase is a good start for us and we intend to build upon the acquisition to position JayHawk for future drilling in both the Bakken Formation, as well as the separate underlying Three Forks shale. These zones are currently being thought of as separate reservoirs based upon the independent production being taken from the Bakken and Three Forks in wells on the same drilling spacing unit (DSU). Hess, Continental and Whiting have all drilled wells tapping the Three Forks and Bakken separately on single DSU's and have produced oil in quantities consistent with reservoir separation. Based upon corporate assessments by EOG, Whiting, Oasis and others, recoverable reserves are expected to be between 300 and 800 thousand barrels of light sweet crude separately in the Bakken and Three Forks, making both targets economically attractive despite high drilling and completion costs. In Divide County, the drilling depths to the target are some 3,000 feet shallower than in areas to the south, thus drilling costs are somewhat reduced from the average of $5-$7 million as reported by EOG, Brigham and Whiting in their presentation materials."
JayHawk will initially focus its efforts on acquisition of additional mineral land in the Bakken/Three Forks with an eye toward possible drilling in the fourth quarter this year. Additional funding will be required in order to carry out this portion of the Company's business plan. "We are at the early stages of our activity in this play; however, coming to the game later than others has actually helped JayHawk. The Company will benefit from improved drilling and completion technologies and JayHawk can utilize these newer proficient techniques," stated Mr. Diamond-Goldberg. "Implementing this portion of our business philosophy will allow the Company to grow in a new direction with a focus on oil yielding strong economic returns."
Folks, Jayhawk has not sold their Cherokee Basin O&G properties and was only looking to sell 17,000 acres of their non-producing assets to UnionTown. That deal has yet to close as well. Diamond-Goldberg has nothing to do with Uniontown as Uniontown is falsely promoting.
See article in Kansas paper where Goldberg is upbeat on JayHwk's Kansas properties. This article led to exposing Uniontown as a FRAUD.
http://www.greenfieldreporter.com/view/story/932efde120774fbaa45f91dde548afb6/KS--Fossil_Fuel-SE_Kansas/
But be clear, Diamond-Goldberg appears to be a victim in this by their using him name and JayHawk was only looking to sell limited assets they saw as non strategic to them.
10, 15, 20,000 share blocks going through consistently. Must be some good news coming.
http://ih.advfn.com/p.php?pid=trades&symbol=JYHW
Maybe, Someone is buying for sure. With an O/S of only 48 million it won;t take much to move.
Smitter SMTT
Insider buying?
Good Morning, Everyone
JYHW looking great again today
Smitter SMTT
It has been an expected bounce coming. The year end selling drove prices down and many of us averaged in more. I have a feeling we are looking at a very bullish 1st quarter.
Yeppers, I looked up the share structure 48mill O/S with a 200 mill auth.
So the Float could be locked up and very small.
Looks good, i will be interested to read why ther 10k is late, and look at cash, and operations.
Smitter SMTT
IT IS defintaely moving on air today..
JYHW on fire today.
Looking good
Smitter SMTT
$125,000 for Uniontown....
- Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 12, 2010
INTELBAHN INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
000-52560
(Commission File Number)
98-0441419
(IRS Employer Identification No.)
314 – 837 West Hastings Street, Vancouver, BC V6C 3N6
(Address of principal executive offices and Zip Code)
604-642-6410
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 1.01 Entry into a Material Definitive Agreement
Effective November 15, 2010, we entered a purchase agreement (the “Agreement”) with JayHawk Energy Inc., for the purchase of a coal seam natural gas property called the Uniontown Project located in Bourbon County, Kansas for a total of $125,000. The property is located in the Cherokee Basin, which straddles Kansas, Missouri, Arkansas and Oklahoma. The property size is about 45,000 gross acres.
The execution of the Agreement follows a letter of intent (the “LOI”) we entered with JayHawk on October 12, 2010 setting out the intended terms of Agreement.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On October 12, 2010, Christine Kilbourn and Mauro Baessato resigned their executive positions with our company and on October 28, 2010 they resigned as members of our Board of Directors. Their resignations were not a result of any disagreements with our company.
On October 12, 2010, Mr. Jurgen Wolf was appointed as President, Chief Executive Officer, Chief Financial Officer and a member of the Board of Directors of our company. Mr. Wolf has been involved in the oil and gas industry and management of public companies for more than 15 years. He was educated in Germany and immigrated to Canada in 1953. From 1958 to 1982 he operated and owned pre-cast concrete factories in Calgary and Vancouver, and from 1982 to 2002 he operated and owned J.A. Wolf Projects, Ltd., a commercial construction company. Mr. Wolf was President and a director of US Oil and Gas Resources Inc., which amalgamated to form Odyssey Petroleum Corp. in 2005. Mr. Wolf is a director of several public companies. Mr. Wolf’s experience in the oil and gas industry and with publicly listed companies is the reason we appointed him to our board of directors.
On October 28, 2010, Mr. Wolf resigned from all officer and director positions with our company. His resignation was not a result of any disagreements with our company.
On October 12, 2010, Mr. Marshall Diamond-Goldberg joined our company as Technical Advisor, Secretary and a member of our Board of Directors. Mr. Diamond-Goldberg is a seasoned geologist with over 25 years experience and expertise in the oil and gas arena. His extensive working knowledge and particular focus in the Williston Basin serve as a great asset to any oil & gas companies current business initiatives. Mr. Diamond-Goldberg’s most recent positions included President of Strand Resources, Ltd., which was sold earlier this year. Additionally, he was co-founder of Trend Energy, Inc., which was sold in 2004. He was also a co-founder and President of Manhattan Resources, Ltd., which ultimately became a part of Fairborne Energy Trust. Prior to the above, Mr. Diamond-Goldberg held senior geological posts with Imperial Oil Resources, Ltd., Texaco Canada Resources, Ltd., Tiber Energy Corporation and Suncor Energy, Ltd. His contributions have been instrumental in assisting companies from startup levels, through the drill bit, to point of sale. Mr. Diamond-Goldberg’s experience with publicly listed companies is the reason we appointed him to our board of directors.
On October 28, 2010, Mr. Terry Fields was appointed President, Chief Executive Officer and Chief Financial Officer and member of the Board of Directors of our company.
Mr. Fields' business career spans more than 40 years in both the public and private sectors. After graduating from the University of California in Los Angeles (UCLA) and having received his Bachelor of Science Degree in 1965, he attended Loyola University School of Law in Los Angeles where he was Student Body President, earning the prestigious Loyola University School of Law Alumni Award and the American Bar Association Silver Key Award for Excellence.
He obtained his Doctorate of Law Degree (J.D.) in 1968 and was admitted to the California State Bar in 1969. He engaged in trial law for fifteen years, subsequently specializing in Business and Corporate Law with an emphasis on finance and resource, both domestic and international.
Mr. Fields has been involved in the oil and gas sector throughout his career. He is currently President and majority shareholder of Spirit Holding Inc., a private company, holding a 35% interest in twenty-five wells on +1,000 acres in central Texas. Mr. Fields is a consultant and equity owner of Gibraltar Energy Group LLC, which holds large oil and gas interests in Michigan and Kentucky. For the past 25 years, Terry has provided legal counsel to the President of United Energy Corp. (UNRG.OB) which is involved in all phases of the oil industry internationally. Mr. Fields holds an equity position in United Energy Corp as well. Mr. Fields’ experience in the oil and gas industry is the reason we appointed him to our board of directors.
Our Board of Directors currently consists of Mr. Terry Fields and Mr. Marshall Diamond Goldberg.
Our Principal Executive Officers are currently Mr. Terry Fields, our President, CEO and CFO, and Mr. Marshall Diamond-Goldberg, our Secretary.
There are no family relationships between any of our directors or executive officers. There have been no transactions between our company and Mr. Fields, Mr. Wolf or Mr. Diamond-Goldberg since our last fiscal year which would be required to be reported herein.
Item 9.01 Financial Statements and Exhibit
Exhibit No. Description
10.1 Purchase and Sale Agreement – Intelbahn Inc. and JayHawk Energy Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTELBAHN INC.
/s/ Terry Fields
Terry Fields President, CEO, CFO and Director
Date: December 14, 2010
Hmm.............the uniontown plot thickens......
Could be a spinoff move on Jayhawk? I think that uniontown has been a cash hemorrhage for Jayhawk.
From Interbahn Inc...aka Uniontown energy.
The Company also announced that Mr. Jurgen Wolf is joining Intelbahn as C.E.O. and C.F.O. and a member of the Board of Directors and that Mr. Marshall Diamond Goldberg has come aboard as Technical Advisor and a member of the Board of Directors. The current two directors shall remain as board members but resign their executive positions.
From the Jayhawk energy page.....
Marshall Diamond-Goldberg - Director
Mr. Diamond-Goldberg is a seasoned geologist with over 25 years experience and expertise in the oil and gas arena. His extensive working knowledge and particular focus in the Williston Basin serve as a great asset to JayHawk’s current business initiatives. Mr. Diamond-Goldberg’s most recent positions included President of Strand Resources, Ltd., which was sold earlier this year. Additionally, he was co-founder of Trend Energy, Inc., which was sold in 2004. He was also a co-founder and President of Manhattan Resources, Ltd., which ultimately became a part of Fairborne Energy Trust. Prior to the above, Mr. Diamond-Goldberg held senior geological posts with Imperial Oil Resources, Ltd., Texaco Canada Resources, Ltd., Tiber Energy Corporation and Suncor Energy, Ltd. His contributions have been instrumental in assisting companies from startup levels, through the drill bit, to point of sale.
And that, right there, is why it is safer to focus on oil.
I agree with you there. You have to be in a position to maintain and hold if you are developing gas. At least until next year when prices are stronger. Even then oil has much better economics and that is where any oil & gas company should be investing now in my opinion.
The problem with the Kansas property was when they were touting the property as a key development, NAT gas was around $14.00 btu/cubic foot. That was back in 2007-2008, but now I don't think Nat gas will see that price without a major currency debasement, because of the new technologies bringing more supply online worldwide.
If the N.D. oil lake is as big as they say it is, then moving on to oil makes sense for a development company and let an establishment develop the NAT gas resource.
I think if the bottom didn't fall out of NAT gas, Jayhawk would have been set up rather well. However, it did and it is probably the smartest move to just sell it and move on.
IMO
In my opinion natural gas is going to have a field day next year but still the economics for oil is considerably better and will be for the foreseeable future. To improve cash flows they should put their focus on oil if you ask me but we shall see.
I agree.
Selling off the NAT Gas property in Kansas and securing debt tells two stories.
1) They have no cash and that will keep them afloat OR
2) They are going to jump at property in ND and chase the oil
leaving NAT gas behind.
The stock looks about as sideways as it comes, one can assume it will likely only go up! Jayhawk recently secured $500,000 in financing through 10% secured convertible debentures and stock warrants. The company plans to use the money to further explore their existing projects and are also looking to expand their property ownership.
. bought some 2day eom
LAS VEGAS, NV -- (MARKET WIRE) -- 11/18/10 -- UnionTown Energy Inc. (OTCBB: INBH), a publicly traded and fully reporting American Issuer, announced that it has signed a purchase agreement with JayHawk Energy Inc. for the purchase of a coal seam natural gas property called the Uniontown Project located in Bourbon County, Kansas.
The property is located in the vast Cherokee Basin, which straddles Kansas, Missouri, Arkansas and Oklahoma. The property size is about 45,000 gross acres.
The Cherokee Basin is an intercratonic depression located in southeastern Kansas, southwestern Missouri and northeastern Oklahoma that has been producing gas for over 80 years from carbonaceous shales and coals. In the past fifteen years there has been a systematic exploitation of these unconventional reservoirs in the basin. New techniques are constantly being employed that work specifically in some parts of the basin but not in others including hydrofracturing. The coals are generally less than two feet thick and carbonaceous shales of the Cherokee Group generally average four feet thick. The productive coals and carbonaceous shales are found from 200 to 2,500 feet and the coals have ASTM rank of high volatile A.
Reported gas content in the coals varies from 5 to 450 scf per ton. Gas quality varies from 96 to 98%% methane, 1% to 3%+ ethane +, 0.5&+ CO2 to 92% methane, a few percent nitrogen, and CO2 with BTU contents varying from 850 to 1050. Water rates vary from a few barrels to over 1000 barrels a day. Initial completion practices began with single-zone completions until 2002, when the State of Kansas vacated the rules preventing commingling several zones in the same well specifically being produced for coalbed methane and shale.
The closing of the transaction contemplated by the agreement will occur no later than December 15th, 2010.
Shale natural gas potential was recently featured on CBS's 60 minutes with comments from Aubrey McClendon, the CEO of Chesapeake Energy, telling "60 Minutes" correspondent Lesley Stahl that "In the last few years, we've discovered the equivalent of two Saudi Arabias of oil in the form of natural gas in the United States. Not one, but two.
About Uniontown Energy
Uniontown Energy Inc. is an Independent Oil & Gas Company whose focus is on the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States. The Company's flagship property is located in Kansas within the Cherokee basin, which has been producing gas from shale and coal deposits for over eighty years and has 2.8 Tcf of potential recoverable CBM. Please visit www.uniontownenergy.com
I played this deal a year or two ago now but it has caught my interest again now that the prices are much lower. The Williston Basin has a lot of potential from my experience.
That is exactly what I am thinking too. Better to cut the loss and get some money for a property that they can't afford to develop. Ever since Nat. Gas prices went into the toilet you've seen them move from Kansas to North Dakota in the company's rhetoric.
The price to develop the property was probably too steep given the reward being at a loss at the time.
Nice results of operations, could be a nice opportunity here:
In my opinion buying natural gas projects for the future is a good idea if you have the ability to build a large portfolio of them at cheaper prices but you have to have the capital reserves to hold it together until prices start to rebound. As of right now there is oversupply so I don't expect anytime soon.
The recently depressed price could prove to be an opportunity if they put this money to good work.
The market fell out right after this announcement. Have there been any updates on this yet?
I started off with Jayhawk about 2007 about the time they bought this property and touted the future benefits, but the action never seemed to get off the ground.
I personally believe that they were going into play this Nat Gas property in the hopes of a future US energy policy shift that never seemed to materialize. But then again, Nat gas was up to around 14.00 then.
Nat Gas seems dead now and I believe that you are right also. This company has struggled with cash and I hope that this deal doesn't get there hats handed to them.
Better to cut your loses and move then slowly bleed to death too.
Interesting that it sounds like a big deal for the buyer Intelbahn Inc. possibly jayhawk is selling their best property for cash flow
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