John D. Oil & Gas Co. (JDOGQ)

[4Kismet]

I've tried to get more shares but haven't found the right number for them yet:))
Looks like I'd better hurry!

[MWM]

JDOG 8K they are buying all they land in Montana that they can get their hands on, something is up?


Item 1.01. Entry into a Material Definitive Agreement.
Kykuit Resources, LLC (“Kykuit”) entered into an Assignment of Oil, Gas and Mineral Leases (the “Assignment”) on May 1, 2008 pursuant to which Hemus, Ltd. (“Hemus”) assigned all of its remaining rights, title and interest in certain oil, gas and mineral leases located in Montana to Kykuit for $250,000. Hemus partially assigned these leaseholds to Kykuit in August 2007. John D. Oil and Gas Company (the “Company”) is the managing member of Kykuit. Richard Osborne and Steven A. Calabrese also own interests in Kykuit. Mr. Calabrese is a director of the Company.
On May 29, 2008, the Company sold a 25% interest in Kykuit to Geis Coyne Oil & Gas, LLC (“Geis”) for approximately $1.6 million pursuant to a transfer and acceptance of membership interest agreement (the “Transfer Agreement”). In connection with this transfer, Kykuit amended and restated its operating agreement (the “Operating Agreement”) to incorporate all prior amendments. Terence P. Coyne, a director of the Company, owns a 10% interest in Geis. The Company now owns approximately 19% of the interests of Kykuit and remains its managing member.
Kykuit entered into a Purchase and Sale Agreement dated June 11, 2008 (the “Purchase Agreement”) with Macum Energy, Inc. and various other sellers (collectively, the “Sellers”) pursuant to which Kykuit agreed to purchase approximately 35,000 acres of oil and gas leases located in Montana from the Sellers. The leases included the Sellers’ interest in oil and gas wells and pipeline facilities. The purchase price for the leases was $2.5 million subject to adjustment in the event of defect discovered in the due diligence review period. $50,000 of the purchase price was due within five days of execution of the Purchase Agreement and the balance will be paid at closing, which will occur as determined by Kykuit within thirty days after the due diligence review period. Closing the transaction is contingent on the satisfaction of standard conditions, including Kykuit’s satisfactory completion of its due diligence review. There can be no assurances that the transaction will be completed on the proposed terms or at all.
On May 23, 2008 and May 27, 2008, Great Plains Exploration, LLC (“Great Plains”) loaned the Company $475,000 and $25,000, respectively, for a total of $500,000, to fund the Company’s ongoing capital requirements. Great Plains is owned by Richard M. Osborne, the Company’s chairman and chief executive officer. Each loan is evidenced by a cognovit promissory note (collectively, the “Notes”). The Notes are payable on demand and bear interest at the rate of 8.0% per year.
The foregoing descriptions of the Assignment, the Transfer Agreement, the Operating Agreement, the Purchase Agreement and the Notes are not complete and are qualified in their entirety by reference to the full and complete terms of such agreements. The Assignment, the Transfer Agreement, the Operating Agreement and the Purchase Agreement are attached as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively. The Notes are attached to this current report as Exhibits 10.5 and 10.6.

[MWM]

Finally showing that inside bidder at 1.01 X 1.10 GL!

[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]

This is Q1 Rev's just wait till Q3 and Q4 roll around now that Nat Gas has nearly doubled...

Three Months Ended March 31,2008             
 Revenues                           
 Oil and Natural Gas Sales     $  972,077              
 Self-Storage Operation Revenues        82,458                
 Interest and Other        3,305                 
                       
 Total Revenues        1,057,840            
 

[MWM]

On August 3, 2007, Kykuit Resources, LLC purchased from Hemus, Ltd. ( “Hemus” ) a 75% interest in certain oil, natural gas and mineral rights located in the Montana Breaks area of Montana. The Company is the managing member of Kykuit and owns 43.8% of the Company. At the same time, Kykuit and Hemus executed a joint venture development agreement pursuant to which Kykuit agreed to develop and operate all of their joint leasehold interests in the Montana Breaks. The current investment by the Company in this venture is $1,254,393. It is anticipated that drilling will begin in May of 2008.

Richard M. Osborne, the Company’s chairman and chief executive officer, and Steven A. Calabrese, a director of the Company, also own interests in Kykuit. Energy West Incorporated, a publicly-held public utility company of which Richard Osborne is the chairman and a significant stockholder, also owns an interest in Kykuit.

The Company is currently concentrating in Kykuit Resources LLC, which anticipates beginning its drilling in Montana during May 2008.

[MWM]

Some nibbles on the Big Dog...

15:28:39 214 1.10 + OTCBB
15:27:42 500 1.10 + OTCBB
15:25:24 500 1.05 - OTCBB
15:25:24 500 1.10 + OTCBB
15:23:30 786 1.10 + OTCBB
15:23:30 786 1.04 + OTCBB (XF)
15:23:30 786 1.04 + OTCBB
09:38:54 100 1.04 OTCBB

[MWM]

That SWEN bidder must want some cheapies, they used to reflect my order just fine...

[4Kismet]

I had a bid in for days that was higher than the current share price and no response...

[MWM]

Ameritrade is no longer gettin my order reflected on the bid... No wonder there is no bid support...

[MWM]

Total revenues from continuing operations and interest income increased $282,943, or 36.5%, to $1,057,840 for the three months ended March 31, 2008, from $774,897 for the three months ended March 31, 2007. The increases are largely the result of higher oil and natural gas production occurring from the increase in producing wells.

[MWM]

Nat Gas $13.50 Rev's are going to be up 50% minimum here and with this tiny O/S it might be a rocket...

[MWM]

.88 bidder back, this time it's NITE though...

[MWM]

CEO loaning the company some $$$$...

Item 1.01. Entry into a Material Definitive Agreement.
On June 20, 2008, John D. Oil and Gas Company (the “Company”) granted a warrant to purchase 50,000 shares of the Company’s common stock (the “Warrant”) to Richard M. Osborne in return for Mr. Osborne providing collateral for the Company’s credit facility with RBA Citizens, N.A., d/b/a Charter One. Mr. Osborne is the Company’s chief executive officer and chairman of the board. The Warrant has an exercise price of $1.00 per share and a term of five years.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5740951

[MWM]

Form 4 filed by the CEO http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5740905

[MWM]

Natural Gas Prices Projected to Climb Paul Partyka, Editor , American Coin-Op
Published 06/23/2008 - 9:01 a.m. CT


Paul Partyka, Editor

Website:
http://www.americancoin...


WASHINGTON — If the price for a gallon of gasoline has distracted you a bit from thinking about the cost of natural gas, that’s understandable. However, the government just released its short-term energy outlook and the news isn’t good for coin laundry operators.

Two months ago, the Energy Information Administration (EIA), the government's energy statistical arm, was forecasting a 16.5% hike in the price of natural gas from last year. Last month, the projection indicated a 35% bump from last year. Natural gas, according to the just-released EIA outlook, will cost you a whopping 52% more this year than last year.
While this is just a projection, operators certainly can’t be happy. Other factors, such as a volatile hurricane season, could alter the projections even more.




What’s causing this stunning projection? High oil prices, low imports of liquid natural gas, growing consumption and a year-over-year decline in inventories are all contributing factors, the government reports.

The Henry Hub natural gas spot price averaged $7.17 per thousand cubic feet (Mcf) in 2007 and is now expected to average a bit more than $11 per Mcf in both 2008 and 2009.

Is there any good news around the corner? The next EIA report is due out July 8. Based on the past several reports, one shouldn’t get his or her hopes up too high. All of the conditions listed above are expected to cointinue and keep natural gas prices high, the EIA reports.

[MWM]

Nat Gas up .25 today...

[MWM]

ARCA bidding at .88 this morning...

[MWM]

U.S. Gas Price May Rise on Asian Demand, Goldman Says (Update2)

By Dinakar Sethuraman

June 19 (Bloomberg) -- U.S. natural gas prices, which have surged 78 percent this year, may extend gains because of competing demand for liquefied natural gas from Asia and Europe, Goldman Sachs Group Inc. said.

LNG consumption in Asia and Europe may increase on stronger economic growth, emission costs and surging prices of alternate fuels such as oil and coal, the investment bank said in a June 18 report. Goldman cut its estimates for U.S. demand for 2008 by 13 percent to 1.54 billion cubic feet a day (12 million metric tons a year).

``We believe U.S. natural gas prices will likely remain in the $12.70-to-$13.20 per million British thermal units range, in line with international prices,'' Goldman's analysts, Samantha Dart and Jeffrey Currie, said in the report e-mailed to Bloomberg today. ``However the observed tightness in the LNG market suggests that risks to our price forecasts remain skewed to the upside.''

LNG demand is set to increase by 10 percent a year through 2015, more than five times estimated gains in crude oil, as power producers switch to cleaner fuels, according to Citigroup Inc. Asian purchases of LNG have risen after Tokyo Electric Power Co. shut its Kashiwazaki Kariwa nuclear plant since July 2007 because of earthquake damages.

LNG is natural gas that has been chilled to liquid form, reducing it to one-six-hundredth of its original volume, for transportation by ship to destinations not connected by pipeline.

First Quarter

``Natural gas in the U.S. is at a pretty significant discount to crude,'' John Harris, director of the global LNG group of Cambridge Energy Research Associates Inc., which advises oil companies, said from Beijing. ``And there's underlying growth in the Asian LNG market because of the nuclear outage in Japan.''

Natural gas futures reached $13.295 per million British thermal units on the New York Mercantile Exchange today, the highest since December 2005.

Goldman, the world's biggest securities firm, raised its forecast for Japan and South Korea's LNG demand by 3.3 percent to a combined 13.17 billion cubic feet a day. European LNG demand may climb 1.9 percent to 5.85 billion cubic feet a day, the report said.

Consumption of LNG in Asia, including Taiwan, China and India, averaged 17 billion cubic feet a day in the first quarter, exceeding Goldman's previous forecast by more than 1 billion cubic feet, and about 13 percent higher than a year earlier, according to the report.

``The higher-than-expected increase in LNG demand from Asia and Europe came at the expense of the U.S.,'' the authors said.

The increase in Asian LNG purchases was led by South Korea and Japan as the gain in oil prices and declines in nuclear generation capacity prompted power plants to switch to natural gas, the report said.

Natural gas prices may rise as inventories may be at limited levels when the Northern Hemisphere winter arrives, Morgan Stanley said in a report on June 16.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at [e-mail].

Last Updated: June 19, 2008 04:16 EDT

[MWM]

Nat Gas 13.30!

[MWM]

The bid has not been hit in sometime... It's super tight right now...

[EdF]

Crazy...only a matter of time here.

[MWM]

Nat Gas Broke $13 this morning...

[MWM]

Nat Gas is @ $12.93 mcf...

[MWM]

They must be watching Nat Gas creeping up to $13...

[MWM]

.75 X 1.10 somebody jumping over my bid...

[MWM]

A few nibbles here...

10:17:09 150 1.20 + OTCBB
10:17:09 500 1.15 + OTCBB
10:17:09 500 1.15 + OTCBB
10:16:09 350 1.14 OTCBB

[MWM]

Natural gas price could soar this winter
Fri. June 06 - 2008

IBJ Staff


Heating houses and businesses with natural gas this winter could cost as much as 50 percent more than last year.

Gas is trading at about $12 a decatherm, on the New York Mercantile Exchange, according to the Evansville Courier & Press. A decatherm is about the same amount of energy in 1,000 cubic feet of natural gas. That price is significantly higher than the $8 charged on average last winter by Vectren Corp.

A Vectren spokesman told the newspaper that demand for natural gas as a short-term fix for the nation’s energy shortage is so strong that Vectren now burns more of it to generate electricity than to heat houses.

[MWM]

State needs increased supply of natural gas
By J. ROGER WHELAN • June 6, 2008

Read Comments(1)Recommend Print this page E-mail this article
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New Jersey needs a new supply of clean safe natural gas. Across the nation people are now embracing natural gas as the transitional fuel of choice as we continue to work towards permanent renewable energy solutions. This should not be surprising as globally natural gas is an abundant, clean and affordable fuel.

On an equivalent energy basis, the national benchmark for natural gas trades at roughly $70 per barrel of oil — roughly 55 percent of the current crude oil trading range. However, interstate pipeline transportation is expensive and often overloaded, so in New Jersey we pay in the $80 to $90 range for a barrel of oil equivalent. That's still a much better deal than crude oil, which accounts for more than 50 percent of our statewide energy consumption.

New Jersey needs more natural gas and with the aging interstate pipeline system unable to expand to meet the challenge, LNG supplies from the Caribbean and West Africa are the best, and probably only, feasible solution.

But at what cost to the local environment? I do not want to look out at a large LNG processing and storage island or platform barge off the Jersey Shore. Nor do I want to run the security risk of sizable permanent storage facilities in our harbors or off the coastline. These are real and understandable concerns.

The energy industry has incurred the wrath of local communities with its tone-deaf response to these issues. Given the progress made in on-ship regasification and submerged natural gas delivery, the resultant breakdown was simply not necessary. Our community needs natural gas, and suppliers should do their part to protect the environment and the way of life of residents, local fishermen and the community at large.

Liberty Natural Gas is proposing a real solution to our energy needs. We propose locating a total of four natural gas receiving buoys — each measuring just 20 feet by 30 feet and situated 100 below the sea's surface — 15 to 17 miles off the Asbury Park coast. When a ship arrives at the marker buoy, it winches one of the receiving turrets into its hull, securing it safely to the ship, and then connects to onboard regasification equipment.

Natural gas will travel to the Amboy area through a new marine pipeline, then on to the Linden gas transportation hub via a new onshore line that follows the existing industrial corridor. No new storage, no islands, no barges or tanks. When the ship has finished its delivery, it lowers the turret 100 feet back to the seabed and sails away. The submerged buoy system has been tried and tested in the extreme weather conditions of the Norwegian North Sea with more than 2,000 successful transfers without a single disruption for weather.

Closer to home, a similar project to the Liberty Natural Gas proposal, the North East Gateway Project, began successful delivery operations off Boston Harbor in the Massachusetts Bay just last week.

As an added environmental protection measure, the proposed regasification ships will operate using LNG rather than bunker fuel oil. Modern vessels designed with this new technology are in service today and have already reduced regular air and water emissions by more than 98 percent compared to conventional vessels.

We believe our project is the right solution to bring clean and safe natural gas to our region, and we look forward to meeting with residents in the Monmouth County area over the next few months to talk about our project and answer questions. More information is available at www.libertynaturalgas.com.

J. Roger Whelan is president of Liberty Natural Gas in Jersey City.

[MWM]

Nat Gas

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29795790

[MWM]

12:22:15 1000 1.00 + OTCBB
12:22:00 1000 0.95 OTCBB

[MWM]

HDSN jumping around on the bid...

[MWM]

Nat Gas average in the first Q should have been around $8.50, looks like for the 2nd Q it should be well over $10...

[MWM]

A Natural-Gas High
Paul Cicio 06.04.08, 11:30 AM ET
http://www.forbes.com/opinions/2008/06/04/carbon-natural-gas-oped-cx_pc_0604climate.html
Paul Cicio

Thanks to the Warner-Lieberman bill's ambitious greenhouse gas reduction targets and the lack of low-carbon energy sources in the short term, the U.S. can anticipate a massive switch from coal to natural gas by the power industry. Senate debate on the bill started Monday, and calls for 2005-level carbon emissions starting in 2012.

Switching from coal to natural gas will drive up both the demand and the price of natural gas (the only low-carbon alternative) to unprecedented levels, which will in turn further erode the number of U.S. manufacturing jobs.

Limited natural gas supply capacity will pit power-sector purchases in direct competition with demand from the residential, commercial, farm and manufacturing sectors. There is nothing in the bill that will stop a potential national crisis, one that is already underway in anticipation of these carbon constraints.

Simply setting a cap on carbon emissions does nothing to remove the barriers to greater natural gas supply. The lack of low-carbon energy alternatives for power generation (at least until new nuclear and coal-fired power plants with carbon capture to reduce emissions become more commonplace) means that natural gas is the default low-carbon energy option. In fact, none of the potential low-carbon energy alternatives will be available by 2012 except natural gas, the year the bill first imposes these stringent limits.

Energy efficiency, conservation and renewable energy will be helpful, but those options will not prevent the crisis that will ensue when companies are forced to decrease their emissions.

Because natural-gas-fired power generation is setting the marginal price for electricity in a growing portion of the country, as natural gas prices go up, so will the price of electricity. Homeowners, farmers and manufacturers could pay exorbitant prices, multiples higher than government forecasts.

It will make little difference, though, to most electric utilities if the price of natural gas goes up. Most state public-service commissions readily approve an automatic pass-through for energy costs to the rate payer. That means utility companies won't be adversely affected--but residential, commercial and industrial consumers will.

Most U.S. manufacturers compete on a global basis, and will thus be acutely affected by further increases in natural gas prices. Natural gas prices are about 50% higher than a year ago. These elevated prices have already contributed to the loss of 3.3 million manufacturing jobs; that's 19.2% of all manufacturing jobs since 2000.

The bill actually provides financial incentives for an electric utility to switch from coal to natural gas. If a power generator does make the switch, it could avoid having to purchase carbon allowances, or it could make a profit by selling the carbon reduction to other companies.

These perverse incentives will significantly increase electric power production from existing natural gas power plants that are currently only being used for peaking power.

None of this would be a problem if we had plenty of natural gas production capacity, but U.S. production of the commodity is fragile, despite record well completions. According to Energy Information Administration data, U.S. dry production from 2000 to 2007 is flat, while total demand rose 9.8%. It's surprising but true: Today's domestic natural gas production isn't much different now than it was in the 1970s.

The lack of globally competitive natural gas prices is already causing our country to import larger quantities of our products and displace domestic production. Products like chemicals, plastics, fertilizer, steel, aluminum and paper can be made here--and open up well-paid jobs to workers in those industries--or we can continue to increase our import dependency on other countries. Imports from 2003 to 2007 rose a staggering 78.3%, according to an analysis of 16 U.S. Census Bureau industry product categories.

In the end, the Warner-Lieberman bill could mark the final demise of the energy-intensive manufacturing industries that rely upon globally competitive energy to survive.

That is unfortunate, because these are the same industries that provide the enabling product solutions our country will need to meet the climate challenge in the long term: fiberglass insulation, lightweight materials for vehicles, plastic composites for wind turbines, silica for solar panels, fertilizer to expand crop supply and double-pane windows. Demand for these products will continue to increase; it's only a question of whether they will be produced domestically or imported.

Because the emission-reduction timetable of the bill does not coincide with alternative low-carbon options for the power sector, natural gas and electricity prices will rise substantially above government forecasts and emission-reduction targets may be achieved at the expense of manufacturers who will send their jobs offshore--along with their carbon emissions--to be another country's problem.

Paul Cicio is president of the Industrial Energy Consumers of America.

[MWM]

I'm on the bid at .65...

[amohedas]

No fills yet. Tick Tock.

[EdF]

And it's nice to know that a PR could be forthcoming at any time now.

[MWM]

Good Potential for those that don't mind doing a little DD...

[EdF]

Nice DD Mike, thanks for posting it.

[MWM]

Ha! GL I'd try .65

[amohedas]

Shit, I had a bid at .60 yesterday forgot to set it for GTC. I'm bidding .60 right now. Comon' baby!

[MWM]

Somebody getting some cheapies here by holding that bid down at .60 and not reflecting orders...

[MWM]

Natural Gas up .30+ over $12.30

If gas keeps this pace up it's going to be a very good year for JDOG!

[MWM]

His other companies are rgulated utlities so this is really the one company that has the potential to really grow imo...

[CPTMatt]

MWM - You are right. If their wells hit the CEO will definitely have synergies he can use between the companies.

[MWM]

I confirmed with IR that the drilling is on schedule so yes I'm hoping for a PR, the line of credit to JDOG has been increasing over the last 6 months and it looks to me like they are concentrating that money on this Montana project of which the CEO is lending money from three of his companies, one of which is a small utility company EWST that primarily runs off Nat Gas...

Check it out, what makes JDOG interesting is the CEO and the connections... I think this Montana project might be something productive for him to have three of his companies involved...

Energy West, Incorporated is a regulated public utility with certain non-utility operations conducted through its subsidiaries. The Company operates in four segments: Natural Gas Operations, Propane Operations, Energy West Resources, Inc. (EWR) and Pipeline Operations (formerly known as Energy West Development, Inc. (EWD)). The Natural Gas Operations distributes natural gas to approximately 34,000 customers through regulated utilities operating in and around Great Falls and West Yellowstone Montana, and Cody Wyoming. The Propane Operations distributes propane to approximately 8,000 customers through utilities operating underground vapor systems in and around Payson, Pine and Strawberry, Arizona, and retail distribution of bulk propane to approximately 2,300 customers in the Arizona communities. In April 2007, the Company completed the sale of all of its propane assets in the State of Arizona.

1 First Avenue South
Great Falls, MT 59401
[phone]
[phone]
[e-mail]
http://www.ewst.com

[MWM]

They only have one lease site left according to the filings...

[CPTMatt]

Didn't they sell the self storage business in 2007? Was that only part of it that they sold or did the sale fall through?

Curious because there are expenses in Q1 2008 related to the self storage biz.

Anyone know the flow rate and the avg price they are getting per mcf or boe?

Their website doesn't seem to have this sort of info and I didn't see anything in the 10-Q which I thought was strange, maybe just missed it.

[CPTMatt]

Should be a PR out soon regarding the new wells

From 10-Q

The Company holds an investment in an unconsolidated affiliate, Kykuit Resources LLC, which is accounted for using the equity method of accounting. The Company began investing in Kykuit during the third quarter of 2007. Kykuit Resources LLC has a 75% interest in certain oil, natural gas and mineral rights located in the Montana Breaks area of Montana. The Company is the managing member and 43.8% owner of Kykuit. The current investment by the Company in this venture is $1,254,393 at March 31, 2008. It is anticipated that drilling will begin in May 2008

[CPTMatt]

Only got a cursory glance, been busy