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JDOGQ SEC Suspension for Financials / Filings delinquencies:
https://www.sec.gov/litigation/suspensions/2016/34-78506.pdf
Order:
https://www.sec.gov/litigation/suspensions/2016/34-78506-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2016/34-78507.pdf
Good afternoon John D. Oil & Gas Co. (JDOGQ) looking for a strong hour of power!
+1,150.00% interesting.
NEW SYMBOL 1/23/12 JDOGQ
SYMBOL CHANGES
Updated Date Old Symbol New Symbol Name Comment
13:22 1/23/2012 JDOG JDOGQ John D. Oil and Gas Company Common Stock **
http://otcbb.com/asp/dailylist_detail.asp?d=01/20/2012&mkt_ctg=ALL
GL
JJ
JDOG~~~John D. Oil and Gas Company, formerly Liberty Self-Stor, Inc. (the “Company”), is a corporation organized under the laws of the State of Maryland.
The Company was originally a self-storage company from 1999 to 2005 when it sold all but two of its facilities.
By May 2007, one self-storage facility in Painesville remained which generates revenue through self-storage rentals and retail leases.
The self-storage facility is operated through a partnership agreement between Liberty Self-Stor Ltd. (“Ltd”) and the Company. Ltd has a 70.1% equity interest and the Company has a 29.9% equity interest in the operating partnership of LSS I Limited Partnership (“LSS I”).
The members of Ltd consist of Richard M. Osborne, Chairman and Chief Executive Officer of the Company, Thomas J. Smith, a director and the former President and Chief Operating Officer of the Company, and Retirement Management Company, an Ohio corporation owned by Mr. Osborne.
These members have Class A limited partnership interests that are redeemable for cash or, at the election of the Company, convertible into shares of the Company’s stock based on an exchange factor.
The current exchange factor is .1377148 of a share for each unit.
In 2006, the Company entered into the business of extracting and producing oil and natural gas products, drilling oil and natural gas wells in Northeast Ohio.
The Company currently has fifty-eight producing wells.
The Company cannot guarantee success under the new business plan as drilling wells for oil and natural gas is a high-risk enterprise and there is no guarantee the Company will become
profitable.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7936743
m1999
JDOG~~~Common Stock — $.001 par value: 50,000,000 shares authorized; 9,067,090 shares issued and outstanding
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7936743
m1999
JDOG~~~The number of shares outstanding of the registrant’s common stock as of May 1, 2011 was 9,067,090 shares.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7936743
m1999
I called over there today to see where they were at, and what they had in the works. Not a very helpful phone call. Do you have any new information?
Interesting you are probably right. I haven't had time to do the proper research on this one. Would be interesting to see if they come up with a plan though.
Actually I was looking at the judgement against this company on the 8K, very damaging and I dont know if they can pull out of it. I just skimmed the report, havent checked out the details.
Up early or never went to sleep lol. Can't keep track the way I have been working. Got deals on the private level keeping me busy on weekends and after market and managing a nice basket of energy stocks so its any wonder I ever sleep!
no I see what you are saying I have been skimming the rest of their filing, they do have some nice oil assets. Heck, this ticker traded over a dollar a share. $5,000 at the ask and a ride up could be rewarding.
What are you doing up so late?
The stock used to trade around $.50 and declined on little to no volume month after month. It tanked around the same time as most of the markets but since it has a lack of awareness it hasn't rebounded like the juniors and majors. The numbers still look strong and the play here could do well. JMHO of course!
I havent read the rest of the Q, but the declining revs are what has stunted growth.
oops nevermind, I just read their latest 10Q. Revenues have decreased significantly. No cash in the bank under the latest balance sheet too.
I started looking into this one a while ago. Its numbers looks really good and I am surprised it is so thinly traded. My guess is it just under valued due to lack of awareness. I am planning on calling into the Company to find out more information and will be sure to post it here.
I started looking into this one a while ago. Its numbers looks really good and I am surprised it is so thinly traded. My guess is it just under valued. I am planning on calling into the Company to find out more information and will be sure to post it here.
this looks like an interesting play to look into. Why is there no volume? This thing could fly if shares are not available...the share count is very low.
John D. Oil & Gas Company
...is a publicly traded exploration and production Company. It is our commitment to provide safe and environmentally friendly development of oil & natural gas resources throughout Northeast Ohio and the Appalacian Basin.
We are a full service company you can count-on: From leasing with a land agent, drilling, daily production, and dependable maintenance of the well.
We employ a team of industry specialists and geologists to target lucrative prospects and site locations.
Our Drilling-Rig will deliver top quality and timely drilling.
Our partnership with local natural gas utilities will secure top market value for the gas produced by the well.
We use the best industry practices and service equipment.
http://www.johndoilandgas.com/operating.php
Will you benefit from an Oil & Gas Well?
» 250,000 cubic feet of free gas per well per year.
» A monthly royalty check of 12.5% or 1/8th of the well's oil and gas production value, paid each month to you. Royalty payment amounts will vary from month to month - Some royalty payments have been as high as $9,609 for one month for one well.
» A potential spud fee bonus that is paid to the owner.
» There is no financial risk or cost to you. We pay for the entire well.
» Businesses, municipalities, and School Districts can discover a new revenue stream to bolster yearly operating revenue.
http://www.johndoilandgas.com/landowner.php
General from last 10q
John D. Oil and Gas Company, formerly Liberty Self-Stor, Inc. (the “Company”), is a corporation organized under the laws of the State of Maryland.
The Company is in the business of acquiring, exploring, developing, and producing oil and natural gas in Northeast Ohio. The Company currently has fifty-eight producing wells. The Company cannot guarantee success under its business plan as drilling wells for oil and natural gas is a high-risk enterprise and there is no guarantee the Company will become profitable.
The Company also still retains one self storage facility located in Painesville, Ohio. The self-storage facility is operated through a partnership agreement between Liberty Self-Stor Ltd. (“Ltd”) and the Company. Liberty Self Stor, Ltd’s interest in LSS I Limited Partnership (LSS I) is reflected as a non-controlling interest in these consolidated financial statements. Due to the losses incurred by the self-storage facilities, current and previously owned, the initial investment was previously written off. The Company may, if business and time warrant, sell the Painesville facility in the future.
From most recent 10q
Revenues from Operations
Total revenues from operations and interest income decreased $264,174, or 28.0%, to $679,517 for the three months ended June 30, 2010, compared to $943,691 for the same period in 2009. Total revenues from operations and interest income decreased $884,962, or 37.1%, to $1,499,088 for the six months ended June 30, 2010, compared to $2,384,050 for the same period in 2009. The decrease is due to lower natural gas production and lower contract pricing in 2010, offset by the real estate property tax refund received and the reduction in accrued real estate taxes related to the Painesville self-storage facility.
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The Company entered into the business of extracting and producing oil and natural gas products during 2006. The Company currently has two segments: one that is drilling and operating oil and natural gas wells in Northeast Ohio and one composed of the remaining self-storage facility located in Painesville, Ohio. The Company cannot guarantee success under its business plan as drilling wells for oil and natural gas is a high-risk enterprise and there is no guarantee the Company will become profitable. The decline in the current market price of natural gas severely affects the viability of any future drilling because our lower cash flow makes it economically difficult to incur the high costs of drilling a well.
As previously disclosed in the Company’s Form 8-K filed on June 25, 2010 with the Securities and Exchange Commission, on June 18, 2010, the Company, along with Mr. Osborne, the Trust, Great Plains and Oz Gas Ltd. (companies owned by Mr. Osborne), have entered into a Forbearance Agreement with Charter One pursuant to which Charter One agreed to forbear from enforcing its rights and remedies under the Company’s fully-drawn $9.5 million line of credit as well as the other parties’ loan agreements until July 1, 2011, subject to no further events of default including the payments due under the Forbearance Agreement. Pursuant to the Forbearance Agreement and during the forbearance period, the parties must pay Charter One $400,000 per month, including a $40,000 per month forbearance fee, until all amounts under the loan agreements have been paid in full. See Note 5 “Line of Credit and Long-Term Debt” to the Company’s consolidated financial statements for more information.
Discussions with Charter One are ongoing and there is no certainty that these discussions will result in satisfactory terms for a revised loan agreement. If Charter One demands repayment of the outstanding amounts payable at the end of the forbearance period, the Company does not have the available cash to repay the line of credit and will need financing from other sources to repay Charter One.
On May 11, 2010, Liberty Self Stor, LTD and First Merit Bank N.A. signed a loan modification agreement which waived the prior defaults. The terms of the mortgage include a five year term, maturing on June 1, 2014, with a ten year amortization period at a variable rate of the 30 day LIBOR plus 250 basis points. Monthly payments include principal of $10,370 plus interest.
John D. Oil and Gas Company Announces First Quarter 2009 Financial Results
May 19, 2009 9:03:00 AM
2009 GlobeNewswire, Inc.
Email Story Discuss on ZenoBank
View Additional ProfilesCLEVELAND, May 19, 2009 (GLOBE NEWSWIRE) -- John D. Oil and Gas Company (OTCBB:JDOG) today announced it had a net income from operations of $120,613 for the three months ended March 31, 2009 compared to $58,395 for the same period of 2008. This increase was largely due to higher production in 2009 due to more wells on-line which was partially offset by the increase in depletion from higher capitalized costs of new wells. The Company currently has 58 wells in production.
The Company also reported net income attributable to John D. interests of $145,287 for the first three months of 2009 compared to $93,981 for the same period of 2008 and a net loss attributable to its non-controlling interest in Liberty Self Stor LTD of $24,674 and $35,583, respectively.
Total revenues from operations and interest income increased $382,519, or 36.2%, to $1,440,359 for the three months ended March 31, 2009 from $999,445 for same period of 2008. The increases are largely the result of higher oil and natural gas production from an increase in producing wells.
"We remain committed to our business plan but have slowed our drilling program in 2009 due to the high cost of drilling new wells and the low market price of natural gas," stated Gregory J. Osborne, the Company's President and Chief Operating Officer. "Although 2009 will be a challenging year for us, we continue to look for opportunities that may arise in this volatile market."
About John D. Oil and Gas Company
The Company entered into the business of extracting and producing oil and natural gas products in Northeast Ohio in 2006. The Company currently also retains one self-storage facility located in Painesville, Ohio.
Forward-Looking Statements
Certain matters discussed in this press release may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors, including risks related to the Company's future business plans, that are beyond the Company's ability to control or estimate precisely. The Company cannot guarantee success under its business plan as drilling wells for oil and gas is a high-risk enterprise and there is no guarantee the Company will become profitable. These and other risk factors are detailed from time to time in the Company's SEC reports and filings, including its annual report on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
CONTACT: John D. Oil and Gas Company
Jean Mihitsch
440-255-6325
jmihitsch@johndoilandgas.com
Nat gas producers up on bullish forecast, Gustav woes
Tue Aug 26, 2008 3:29pm BST
NEW YORK, Aug 26 (Reuters) - Shares of natural gas producers rose on Tuesday on worries about Hurricane Gustav and after Bernstein Research said the outlook for natural gas prices is more favorable than the outlook for crude oil prices.
Comstock Resources (CRK.N: Quote, Profile, Research), EOG Resources (EOG.N: Quote, Profile, Research), Range Resources (RRC.N: Quote, Profile, Research), Exco Resources (XCO.N: Quote, Profile, Research) and Anadarko Petroleum (APC.N: Quote, Profile, Research) all posted strong gains in early trading, while U.S. natural gas futures also rose due to concerns that Hurricane Gustav could hurt offshore production in the Gulf of Mexico.
Bernstein analyst Ben Dell also raised his rating on EOG Resources to "outperform" from "marketperform," citing a growing optimism about natural gas prices and the company's strong balance sheet.
"Our differing outlook for the two commodities leads us to believe that the upside is skewed towards gas leveraged E&Ps (exploration and production companies)," Dell said in a note to clients.
Anadarko's shares were also boosted by a $5 billion share repurchase plan, which the company announced late on Monday.
Shares up Comstock rose 5.9 percent to $66.53, EOG rose 4.9 percent to $107.22, Range Resources rose 5 percent to $46.55, XCO rose 6.5 percent to $25.73 and Anadarko was up 6.2 percent at $61.40. (Reporting by Euan Rocha, editing by Dave Zimmerman)
The Company’s equity interest in Kykuit Resources LLC shows a loss of $11,663 for the three months ended June 30, 2008 and a loss of $19,200 for the six months ended June 30, 2008. The Kykuit joint venture began operations in August 2007. The drilling process began in late May 2008. While several wells have been drilled, all of the processes to determine if the wells are viable have not been completed at this time.
The Company classified one well as impaired and therefore, wrote it off as a dry-hole in the second quarter of 2008. The net impairment was $241,600.
JDOG 10Q out! Rev's up Nicely
Revenues from Continuing Operations
Total revenues from continuing operations and interest income increased $282,057, or 37.2%, to $1,041,022 for the three months ended June 30, 2008, from $758,965 for the three months ended June 30, 2007. Total revenues from continuing operations and interest income increased $565,000, or 36.8%, to $2,098,862 for the six months ended June 30, 2008, from $1,533,862 for the six months ended June 30, 2007. The increases are largely the result of higher oil and natural gas production occurring from the increase in producing wells and the increase in the market price of oil during the year.
Somebody grabbing everything that is available at $1... Everytime the ask drops to it, it gets nailed...
14:15:33 100 1.00 + OTCBB
14:15:33 2500 1.00 OTCBB
They are doing it very quietly but the accumulation here continues...
Sombody grabbed a healthy amount last week at $1...
Hoping to see more!
Natural Gas: Booming In The Beltway
Andrew T. Gillies and Brian Wingfield 08.01.08, 6:00 AM ET
Washington, D.C. - The natural gas industry has been turning up the heat this summer in the nation's capital. Advocates are explaining to lawmakers that while oil is expensive, scarce and imported, there's enough natural gas in the U.S. supply to last more than 100 years.
One example: Aubrey McClendon, Forbes 400 member and chief executive of Chesapeake Energy (nyse: CHK - news - people ), the second-largest independent producer of natural gas in the country. Speaking at a Congress hearing Wednesday, he sounded more like someone in the business of political snake oil.
"Imagine if tomorrow you could announce a new energy plan that would in one stroke cut your constituent's gasoline bill in half, reduce our oil imports, improve our air quality, enhance national security, strengthen the dollar, reduce greenhouse gas emissions and create tens of thousands of new jobs in the U.S," McClendon said. "I believe your upcoming reelection chances would be even higher than they already are."
Smooth. McClendon and other panelists at the hearing, convened by the House Select Committee on Energy Independence and Global Warming, want Congress to know that natural gas can have a more prominent role in America's energy future.
Several lawmakers seemed convinced, describing natural gas as "a precious resource," a bridge to a renewable energy future--and a replacement for coal.
Some are already on the bandwagon. Earlier this month, Reps. Rahm Emanuel, D-Ill., and Dan Boren, D-Okla., introduced a bill that aims to have 10% of all vehicles in the U.S. by 2018 powered by natural gas. In addition to providing tax credits for producers and consumers, it would require gas stations owned by Big Oil to install at least one natural gas pump.
Also this week, the American Clean Skies Foundation (ACSF)--a pro-natural gas think tank founded by McClendon--and Navigant Consulting (nyse: NCI - news - people ) released a study showing that the U.S. domestic supply of natural gas is above official government estimates. The reason? Modern technology has made it possible to draw natural gas from shale formations spread across the country.
The public relations campaign for natural gas is already on a roll. In April, the ACSF started an online video channel, CleanSkies.tv, devoted to clean energy, particularly natural gas. In September, Chesapeake will soon launch Shale.tv, another video site devoted to natural gas drilling. And billionaire investor T. Boone Pickens, now touting wind energy as a fix for electricity generation, favors natural gas as a way to alleviate the transportation sector's dependence on oil.
Investors in natural gas stocks may want to use the bullish Beltway outlook as an opportunity to do some buying.
Of course, the natural gas business, like any energy commodity, is marked by boom and bust. Where do things stand now? September 2008 gas futures have dropped 32% since a high of $13.65 per million British thermal units in early July. But even with the drop, prices are high. In October of 2002, the September 2008 contract bottomed at $3.60 per million Btu.
We can't predict whether natural gas prices will hold up, but we can report that witness comments at Wednesday's congressional hearing suggested demand would likely remain brisk. Rich Wells, vice president for energy at Dow Chemical (nyse: DOW - news - people ), told representatives that the spike in natural gas had led to a quadrupling since 2002 of his company's energy and feedstock costs (natural gas is used to make 3,000 of Dow's products) to a projected $32 billion in 2008.
"We are concerned that adding new uses to natural gas, such as in transportation, will create new and relatively inelastic demand that we cannot meet without high prices," he warned.
A fellow panelist gave reason for Wells to worry. John German, manager for environmental and energy analysis at Honda Motor (nyse: HMC - news - people ), described his company's pioneering development of natural gas passenger vehicles and how that development might bloom. With Plug Power (nasdaq: PLUG - news - people ), he mentioned, Honda is testing a home fueling unit that can generate hydrogen from natural gas, an important step in development of hydrogen fuel cell vehicles.
Another spur for demand could be the global warming issue, namely the adoption of a cap-and-trade regime to contain carbon emissions. "There will be a huge incentive for utilities that generate electricity from coal to convert to natural gas," said ranking Republican member James Sensenbrenner of Wisconsin. "That's going to increase the demand for natural gas and put pressure on prices."
Nonetheless, McClendon likes what he sees on the supply side.
"I think there will be plenty of supply to meet the demand from our and all the other industries," he told Forbes.com in an interview. There are more than 22 shale basins in 20 states, he says, and with recent improvements in drilling technology, those basins are more accessible than ever.
According to the Navigant/ACSF study, natural gas production from unconventional sources, such as shale, has increased nearly 65% within the last decade. McClendon says the Haynesville shale formation in Louisiana and Texas holds serious potential.
And what about price volatility due to hurricanes and other factors? McClendon says the days of being concerned that hurricanes will damage the infrastructure for natural gas are "pretty much over." In 2005, when Hurricane Katrina caused a spike in natural gas prices, about 25% of U.S. natural gas was produced offshore, McClendon says. Today, it's about 15%.
If you like the supply-demand profile--and the Beltway goodwill--consider the natural gas stocks in the accompanying table. We started with a universe of 389 natural gas producers listed on U.S. exchanges. We narrowed that group with a few requirements: market values and trailing-twelve-month revenues greater than $100, as well as positive net income and excess cash flow (cash from operations minus capital expenditures and dividends paid) in positive territory. We also tossed companies where long-term debt exceeded 50% of total capital.
This bunch trades, on average, at just eight times analyst forecasts on per-share profits for the coming year. Looking out over the next three to five years; analysts expect profits to increase at an average of 15% annualized.
http://www.forbes.com/2008/07/31/natural-gas-congress-biz-energy-cx_bw_atg_0801gas.html?partner=alerts
Thanks:)
I like that the people in charge are so VESTED into the company operations. They will work harder for us as they also work for themselves:))
Thanks for the DD and posts on this great stock!!
4K
Update
I got ahold of my man today, the CFO finally called me back...
he did not say a whole lot because clearly these guys run a pretty tight organization but he did tell me they are currently drilling on the new Montana properties and to watch for updates in their fillings. He said they basically thought that if they were going to expand that they needed to do so outside of Ohio and that is where the acquisitions in Montana came about... he said thy were really working on growing the company and he thought that being out west was the right place to start...
Good stuff here imo, keep an eye out for further updates...
Just called the office again, trying to get in touch with Greg the CFO, the IR lady does not have a whole lot to say unfortunately... Really hoping to get an update on Montana...
Will report back if I hear anything...
Thanks JDOG is definitley one of my favs... I think when we get an update it might be big... or if we just wait for the next 10Q, their Rev's should show us a healthy increase!
GL!
Mike
Appreciate it. I found this at Oil and Charts board(good board by the way), looks like HUGE potential here. Lots of good DD.
Don't know the answer to that one... but welcome!
I've been eyeing this one. Does anyone know who John D. is or why the name John D.? TIA
i hope to have really increased my position before "that day"!!!
thanks for the find, DD, and recent info:)))
I like this one A LOT! one of these days...
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