John D. Oil & Gas Co. (JDOGQ)

[EdF]

Nice DD here Mike, this looks like a good longer term hold when you consider their O&G holdings. It will be interesting to see what becomes of the Montana Break property. But obviously, they have done their DD and have confidence that something is there

[futrcash]

Great series of DD Posts 'MWM'...
This Osborne character weaves an interesting web!

futrcash

[MWM]

http://biz.yahoo.com/t/48/232.html

[MWM]

John D. Oil And Gas Company - Company Profile Snapshot

Company Profile: John D. Oil And Gas Company
Ticker: JDOG
Exchanges: OTC
2007 Sales: 3,321,400
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Oil Refiners & Distributors
Country: UNITED STATES
Employees: 10

Business Description
John D. Oil And Gas Company Formerly known as Liberty Self-Stor, Inc.. The Group's principal activity is to extracting and producing oil and natural gas products.The Group currently has two segments: one composed of the two remaining self-storage facilities located in Gahanna, Ohio and Painesville, Ohio and one that is actively drilling oil and natural gas wells in Northeast Ohio.
http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_477853105

[MWM]

Three Months Ended March 31,

      2008        2007      
 Revenues                           
 Oil and Natural Gas Sales     $  972,077        $  684,053      
 Self-Storage Operation Revenues        82,458           90,838      
 Interest and Other        3,305           6      
                       
 Total Revenues        1,057,840           774,897   
 Comprehensive Income (Loss)     $  58,395        $  (41,242  )   
                       
                             
 Weighted Average Basic Shares Outstanding        9,019,015           8,998,180      
                       
 Weighted Average Diluted Shares Outstanding        10,059,464           8,998,180      
                       
 Income (Loss) per Common Share from Continuing Operations – Basic and Diluted     $  0.01        $  (0.00  )   
 Income per Common Share from Discontinued Operations – Basic and Diluted        —           (0.00  )   
                       
 Income per Common Share – Basic and Diluted     $  0.01        $  (0.00  )   
        
  
 

[MWM]

Excellent DD Summary from another board...

MrSockPuppet on 1/22/2008 10:34:52 PM

This is a long, twisting tale of how I came to buy JDOG.OB.

The following is a email I sent to my son-in-law concerning an off-the-wall idea. for the past 2 weeks, I have had a GTC in for 4000 shrs at $0.67 (aks $0.80) and I figure someone got a margin call today because I bought twice today at $0.67 (total 2004 shrs).

"Park, 1/9/08

I have an interesting investing idea to run past you. I keep looking for natural gas plays, although the port is overweight with recently purchased energy, I believe we are most likely facing a downish overall market, however, nat gas is priced way undervalued to oil.

Last summer, we found out that a Mr Osborne had purchased 6% of MAM (his cost around $2.8 mil). I found this by reviewing SEC filings online. Over the course of several months, he systematically bought shares just about every day, starting at $25 and up to $32. This aroused my interest – who would want to buy 6% of the smallest electric uts in the US? And why? I think this guy has to be pretty smart (not quite as smart as us, as we bought at $16). I started looking into Mr Richard Osboure, and am intrigued.

The SEC Statement of MAM Ownership gives a brief run down of Osborne, and he is CEO and/or Chairman of Energy West EWST and John D. Oil & Gas JDOG.OB. and Corning Natural Gas (Corning NY) CNIG.OB Claims the investment in MAM is “for personal investment purposes” (yeah, right). EWST seems to have had a hard time a few years back (2003-05), discontinued its dividend, lost money, and brought in new management to turn it around. I think Osborne was part of that team.

EWST is a new addition to the port. Small regulated gas uts in rural Montana with non-regulated 167 gas wells in NW Montana, gas trading, and 2 short gas pipelines in cnetral MT for field gathering and local distribution. 19% of current regulated gas utility demand is filled from their own gas wells, making them vertically integrated for that portion of their business.

Sold a propane business in AZ, and took the proceeds and bought 2 small gas uts – one in NC and one in ------Maine. Coincidence that EWST, controlled by Osborne, buys a gas uts in the same general area as MAM, of which Osborne now owns 6%? Don’t think so. But, time will tell what the intention of EWST / Osborne is concerning possibly expanding its footprint in Maine.

EWST is also putting some its capital to work finding new gas reserves in Montana to grow its local gas production business, giving it the option to further expand its vertical integration. I think this is a good move, and one of the reasons I bought the stock. Continuing annual EPS are around $0.76 with a dividend of $0.64 (paid monthly). Oh, by the way, Mr Osborne seems to own over 30% of EWST stock and the co has a market cap of $40 mil.

Then I began looking at John D Oil and Gas JDOG.OB (bulletin board stuff), the other company Osborne manages. It seems the origin of JDOG (founded in 1982) is with Mr Osborne and a bunch of self storage units outside Cleveland Ohio. In addition to owning several storage operations, JDOG leases Ohio farmland from farmers with known, but small, reserves of nat gas, and drills wells with the associated connecting pipelines - sells the gas production, pays the farmer a royalty and makes a profit between the two. In the Spring of 07, Osborne sold the self storage units (except 1), changed the co name to John D Oil (from Liberty Self Storage), and has put the storage unit sales proceeds into natural gas development in ----Montana. Hey, that is the same place as EWST operates. JDOG is structured as a REIT (due to the now-exited storage units) and retained its activity in small natural gas developments in Ohio. The co may have to change corporate structure with the sale of their real estate operations.

Now it gets interesting. In Sept 07, JDOG and a newly formed exploration co, called Kykuit LLC, purchased 200,000 acres for gas exploration in the “Montana Breaks” region, with JDOG having about 40% interest in the production, and Kykuit owning most of the balance. Kykuit is partially owned and backed by… EWST. These 200,000 acres are most likely near the EWST pipelines in central Montana. I think this plot of land may also be near the “Missouri Breaks” (misprint in the financial press release?) National Monument Park in central Montana, and if so, is suppose to be an up and coming area for new nat gas exploration (based on press releases from the Greenies that do not want to develop gas properties close to a National Monument). JDOG has already completed drilling 10 new wells on the property that are active, has another 10 ready to go on stream, and is currently drilling another 10.

Osborne has personally guaranteed JDOG’s debt, totaling about $3 mil. There are 9 mil shares outstanding with a float of 2.3 mil. Osborne bought 2 mil shares in 2/ 06 at $0.50 and another 1 million shares 6/06 at $0.62. Osborne not only owns 30% of the shares, but is tied to the co with his personal guarantee. It appears he is on the hook for around $6 mil if JDOG goes under (3 mil in stock, 3 mil in debt). The 2 yr high/low for share price is $0.30 - $1.01 and it trades mostly between $0.50 - $0.75. Current price is $0.75. Market cap is $6 million and 3-mo average daily volume is 847 shares (I’ve bought smaller – Nantucket Bank in the 1980s had vol of under 500, was bought by Compass Bank, that was bought by Sovereign).

I don’t usually buy penny stocks due to unacceptably high risk, lack of reputable Street following, and all the shenanigans associated with a possible pump and dump, with new start-ups, ect. JDOG is not making money currently as Montana gas production is just ramping up. I can’t find much else about Osborne. Unlike EWST, I can’t put a value on the shares nor get a feel for what they are/may be worth. As a nat gas production co, I can’t even find annual production or potential reserves. Too early and the co is too small.

That being said, I think Osborne is assembling interesting exposure to natural gas in Montana. He controls EWST, a regulated uts (that is also buying neighboring and far-away small gas uts), that does some minor exploring for gas, has a local pipeline and marketing activity. Osborne also controls JDOG, which should be active in adding potentially close-by new nat gas reserves that could feed EWST’s activity, if this recent purchase pans out (unverified by me).

I think we may want to round out the port by adding JDOG since we already own 2 of Osborne’s 4 investments – MAM and EWST. Worse case – Osborne is a scam and we lose another $3k. I’m getting used to that as we have been getting killed recently. Let me know your thoughts.

Give my best to the troublemaker."

Geo Fisher

http://dripinvesting.org/Boards/Read.asp?MID=64604&Thread=Yes

[MWM]

Richard M Osborne

http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=939082

Chairman of the Board/Director/CEO at
Energy West, Incorporated
Great Falls, Montana
UTILITIES / GAS UTILITIES
Officer since November 2007
Director since December 2003

Track This Person

62 years old

Richard M. Osborne has been a director since December 2003 and chairman of the board since November 2005. He is the president and chief executive officer of OsAir, Inc., a company he founded in 1963, which operates as a property developer and manufacturer of industrial gases for pipeline delivery, and chairman of each of Northeast Ohio Natural Gas Corporation and Orwell Natural Gas Company, natural gas distribution companies in Mentor, Ohio. Since September 1998, Mr. Osborne has been chairman of the board, chief executive officer and a director of John D. Oil and Gas Company, a publicly-held oil and gas exploration company in Mentor, Ohio. He is also chairman of the board of Corning Natural Gas Corporation, a public utility company in Corning, New York. On November 14, 2007, Richard M. Osborne, who has served as the Company's Chairman of the Board since 2005, was appointed Chief Executive Officer. Mr. Osborne immediately resigned as a member of the compensation committee upon his appointment as CEO. Mr. Osborne does not receive any compensation for serving as Chairman and CEO of the Company.

[MWM]

John D. Oil and Gas Company Announces Drilling Status
Friday September 21, 2007 2:56 pm ET


CLEVELAND, Sept. 21, 2007 (PRIME NEWSWIRE) -- John D. Oil and Gas Company (OTC BB:JDOG.OB - News) today announced that is has drilled twenty new wells so far this year. Ten wells are in production and ten more are in various phases of coming online. The Company had a slow start in the first quarter of the year with the lack of availability of a drill rig. During the second quarter, an affiliated company began drilling for us with their new rig. Additionally they have committed their rig for future drilling to the Company.
ADVERTISEMENT


Gregory J. Osborne, the Company's President and COO stated, ``The Company anticipates drilling ten more wells in the last quarter. We are moving quickly to achieve our goal of 30-35 new wells in 2007. It has been an exciting year, as we continue to grow our reserve base and add to our land lease inventory.''

As previously disclosed, part of the Company's expansion program includes participating as the managing member and forty percent investor of a newly formed company, Kykuit Resources LLC. Kykuit Resources LLC. entered into a joint venture with Hemis, Ltd. on August 3, 2007. Since that date, the joint venture has purchased approximately 200,000 acres in the Montana Breaks area of Montana. The Company plans to begin drilling in Montana under this joint venture in early spring.

About John D. Oil and Gas Company

In conjunction with the name change from Liberty Self-Stor, Inc. to John D. Oil and Gas Company on June 27, 2005, the Company approved a change to its business plan to permit it to enter into the business of extracting and producing oil and natural gas products. The Company is actively drilling oil and natural gas wells in Northeast Ohio. The Company currently also retains one self-storage facility located in Painesville, Ohio.

[MWM]

http://www.johndoilandgas.com/index.php

[MWM]

Chart 3 year

[MWM]

Chart 6 month

[clairmontasap]

Looking for a summer program PR here soon.

[aporl]

This is heating up! Check the chart and the news today.

DIDSBURY, Alberta--(BUSINESS WIRE)--JED Oil Inc. (AMEX: JDO) (“JED’ or the “Company”) today announced that it has made an offer to Caribou Resources Corp. (TSX Venture: CBU) (“Caribou”) to acquire all of its shares and settle with its creditors. In January 2007, Caribou filed for protection under the Canadian Companies’ Creditors Arrangement Act (the “CCAA”), which is similar to “Chapter 11” protection in the U.S. JED’s offer consists of payment in full in cash to the major secured creditor of approximately $26.7 million, plus to any creditors with security in priority to the major secured creditor; cash of approximately $345,500 plus 5 million common shares to the unsecured creditors totaling approximately $17.7 million, and up to 4 million common shares for the acquisition of all of the 39 to 40 million shares of Caribou on the basis of one common share of JED for every 10 shares of Caribou held. JED has delivered approximately $185,000 as a deposit with its offer.

Caribou is primarily focused on exploring for natural gas in Northern Alberta, and oil and natural gas in Central Alberta. Caribou’s production at December 31, 2006 was 1,200 barrels of oil equivalent or BOE’s per day, and a report of its estimated reserves effective December 31, 2007 prepared by the independent engineering firm of McDaniel & Associates Consultants Ltd. showed total proved reserves of 1,648 MBOE’s and total probable reserves of 1,999 MBOE’s, for a total of proved plus probable reserves of 3,647 MBOE’s with a net present value of $43.85 million, using the report’s forecasted pricing assumptions at January 1, 2007 discounted 10%. Caribou also obtained an evaluation of its undeveloped land of approximately $11.85 million at January 1, 2007 by Seaton-Jordan & Associates Ltd., and estimated its tax pools at 2006 year-end to be $90.29 million and net debt to be $39.62 million. JED’s production is currently approximately 1,100 BOE’s per day.

http://home.businesswire.com/portal/...ews_view_popup

[RagingStocks]

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