Cannabis Report
Home > Boards > US OTC > Delisted >

Kingslake Energy Inc. (fka KGLJ)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 5/17/2016 2:34:12 AM - Followers: 16 - Board type: Free - Posts Today: 0

Kingslake Energy, Inc. is becoming a commanding independent presence in the multi-million dollar US natural gas exploration and production market. Currently, the Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia. Moderator's Disclaimer - SEE MESSAGE #msg-27308193 Address: 1777 NE Loop 410 Suite 600 San Antonio, TX 78217 USA Website: Co. Number 1-210-841-5759 Company Fax: 210-820-2609 Number of Employees: 4 as of Feb, 2008 Outstanding Shares: 299,072,720 as of 2008-02-15 Authorized Shares: 500,000,000 as of Oct 15, 2007 Float: 73,072,720 as of Feb. 15, 2008 Transfer Agent Holladay Stock Transfer, 2939 N. 67th Place Scottsdale, AZ 85251 Market Makers Access Securities, Inc. 800 331-6171 Domestic Securities, Inc. 201 782-0888 Hudson Securities, Inc 201 216-0100 Hill Thompson Magid & Co. 201 434-6900 Knight Equity Markets, LP 201 222-9400 UBS Securities, LLC 203 719-7100 Officers: Steve Scott, Dir. James Robert Pagnum, Jr., President, Dir. President and Director Mr. James Pagnum, B.S. has been appointed President and Director of the company. During the past three years he has coordinated oil and gas operations for an independent oil & gas firm. Previously owned and managed his own successful chemical products company which he sold prior to entering oil and gas management. Geophysical and Geology Advisor Mr. Clay Hutchinson, B.S., is a Kentucky geologist and seismic professional with more than twenty years of experience in geologic surveys covering all of Kentucky. His recent successes include the discovery of two large natural gas fields in Eastern Kentucky. He advises the company and performs seismic surveys on company properties. Operations Mr. Steve Scott, B.A., a native kentuckian, is a long time oil and gas investor and has been appointed Operations Manager for the company. He is recognized as an outstanding manager and is skilled in getting wells drilled and producing in a timely and professional manner. Mr. Scott has been appointed as a company director E Kentucky Project Regional Geology The company explores and produces natural gas in geologic basins, concentrated in Kentucky with the primary focus on Eastern Kentucky. The area is generally known as the Appalachian Basin. Portions of this basin have been producing for many years. Recent advances in completion techniques, including nitrogen fracs have been successfully utilized on certain gas bearing shales and limestones. Recent Big Lime wells have been successfully completed in the company's area of interest and several wells have been gauged at more than 5 million cubic feet of gas AOF. Another zone of interest is the Devonian Shale. This shale is highly productive of natural gas and nitrogen foam fracs have achieved excellent results. The shale has produced at rated up to 500 mmcf per day and the wells can produce for 40 years or more. A typical shale well produces between 35 to 250 mmcf per day from sections that range up to 300 feet thick with a producing pay section of 40 to 60 feet. some of the old wells have produced up to two BCF of natural gas. Current gas prices reflect the NYMEX futures contract and generally a premium is paid for high BTU content gas typically encountered in the Devonian Shale. The company currently employs a full time oil and gas lease landman. Lease blocks are being assembled as quickly as possible with a plan to accumulate a substantial land position in this profific basin. With drilling success running at 90%, the company is confident that these low risk, moderate depth and excellent reserves wells result in substantial cash flows. Menifee County Morgan County Wolfe County SAN ANTONIO--(BUSINESS WIRE)--Kingslake Energy Inc. (Pink Sheets: KGLJ - News) announced today that it has drilled and completed its first producing natural gas well in the proven Devonian Shale formation. Kingslake Energy recently acquired 20,000 acres of strategic lease hold properties in the prolific Devonian Shale of the Appalachian Basin. The highly active formation is located in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia, where significant natural gas reserves have been confirmed on the property. Kingslake is taking advantage of recent advances in drilling and completion techniques, which has made the Devonian shale gas a viable, profitable, and critical part of energy production in the United States. Kingslake Energy plans to drill more than 200 wells on its more than 20,000 acres within the Devonian Shale. As the Company completes its drilling objectives, each well is expected to produce at the following rates: A minimum of 50 mcf of gas per day An initial net price of 80% of the NYMEX monthly Spot price Daily gross (August/Sept. price) would equal $5.50 X 300 mcf totaling $1,650 per well, or $50,200 per well, per month Energy Terms: Bbl: Barrel Bbls: Barrels MMBbls: Million Barrels Bpd: Barrel per day Mbpd: Thousand barrels per day Bopd: Barrels of oil per day Mbopd: Thousand barrels of oil per day Bcf: Billion cubic feet Bcfe: Billion cubic feet equivalent Bcfpd: Billion cubic feet per day BOE: Barrel oil equivalent Boepd: Barrels of oil equivalent per day MMBTU: Million British thermal units MMBTUpd: Million British thermal units per day BTU: British thermal units BTUpcf: British thermal units per cubic foot MMBoe: Million Barrels of oil equivalent LPG: Liquified Petroleum Gas Mcf: Thousand cubic feet MMcfepd: Million cubic feet equivalent per day MMcfpd: Million cubic feet per day Tcf: Trillion cubic feet Tcfe: Trillion cubic feet equivalent GAL: Gallon MMGal: Million Gallons Kwh: Kilowatt hour MW: Megawatt One barrel of oil: equivalent to 6 Mcf of natural gas James R. Pagnum, President of Kingslake Energy, Inc. stated: “The Devonian Shale acquisition and corresponding discoveries confirms the Company’s position as a growing independent presence in the multi-billion dollar US natural gas exploration and production market. “This recent purchase will significantly increases the Company’s revenues and net asset value for our shareholders. Further, Three additional seismic lines have confirmed the presence of still deeper natural gas zones within the lease block for future testing. “With all of our recent developments we are very pleased to report the completion of our first producing well at Devonian Shale. We are confident that our other wells currently in production will produce at similar rates. With substantial geological evidence supporting our projections, we predict a drilling success rate of over 90%. This region of the prolific Devonian Shale is one of the most promising natural gas concessions in the nation.” PHOTO GALLERY: MORE PHOTOS HERE. Well Number One Drilled And Ready accumulation/distribution , 50ema-200ema , sar , slow sto , cmf Nasdaq---dow 30---S&P 500
Cannabis Report
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#2212   So,, what's gonna happen now..nothing left from the nyheat 05/17/16 02:34:12 AM
#2211   KGLJ FINRA deleted symbol: Renee 05/09/16 05:03:46 PM
#2210   HA Market Value $6,306 a/o Aug 28, 2014... a The GidDy uP Kid 08/29/14 10:08:01 AM
#2209   I'd tried to get people to do that downsideup 01/19/12 06:28:50 PM
#2208   'harpdog' I think it may just be good John 19-35 01/19/12 04:24:52 PM
#2207   why can't people like this be held accountable? harpdog 12/20/11 11:02:24 PM
#2206   I just called James Pagnum and some lady John 19-35 12/15/11 02:39:49 PM
#2205   again, is there any possibility of a class harpdog 05/17/11 12:41:15 PM
#2204   This is odd... downsideup 02/07/11 07:13:33 PM
#2203   Should I? Is James Pagnum on there? John 19-35 02/07/11 06:35:08 PM
#2202   Anyone note any familiar names on these lists ? downsideup 01/21/11 06:55:19 PM
#2201   anyone interested in a class action suit? harpdog 07/30/10 09:45:57 AM
#2200   Thanks again!!! EOM gunnin4u 04/09/10 04:55:43 PM
#2199   Charts show 4.3 million shares traded at $0.005 yesterday. downsideup 04/09/10 01:56:34 PM
#2198   Hey Downsideup, My Zecco Acct. is showing .01 gunnin4u 04/09/10 12:40:28 PM
#2197   Hopefully there is something getting resolved regarding this stock!!! gunnin4u 04/05/10 09:49:36 AM
#2196   what happened here with the pps ???? doinit 03/30/10 01:40:31 AM
#2195   Think this thing will ever see the light gunnin4u 02/07/10 02:10:17 PM
#2194   It appears the SEC has an active and downsideup 12/29/09 04:04:55 PM
#2193   Downsideup, Thanks for the periodic updates. I guess gunnin4u 12/29/09 03:53:07 PM
#2191   I think it is obviously the case that downsideup 12/11/09 06:54:43 PM
#2190   It still looks like the indictments here really downsideup 12/11/09 06:21:46 PM
#2189   that is a thought , hadn't occurred to doinit 12/11/09 05:44:12 PM
#2188   "...and Names Two Relief Defendants" downsideup 12/11/09 05:23:56 PM
#2187   And now, it is so quiet here... downsideup 12/11/09 05:21:29 PM
#2186 downsideup 12/10/09 09:18:11 AM
#2185 downsideup 12/09/09 09:24:00 PM
#2184   With the profits I'll be taking down on tuna8377 06/14/09 10:01:42 PM
#2183   they might be the same ??? wouldn't that doinit 05/03/09 01:29:00 AM
#2182   I wish!!!!!!!!!!!!! John 19-35 04/28/09 07:45:10 PM
#2181   Haven't... Anyone have a sighting on JR ??? downsideup 04/28/09 01:15:00 PM
#2180   hey downsideup , happy trading to you , doinit 04/28/09 02:26:25 AM
#2179   the ticker remains so I assume trading is doinit 04/09/09 06:50:04 PM
#2178   I keep calling and leaving messages. John 19-35 04/03/09 09:29:07 AM
#2177   where oh where can they be ??? wish doinit 04/02/09 03:50:11 AM
#2176   I called JP and left another message. His John 19-35 03/07/09 01:51:12 PM
#2175   never been talked about to much , but doinit 02/24/09 09:01:00 PM
#2174   Does 1000 shares at $0.00 count as a downsideup 02/24/09 04:43:52 PM
#2173   OMG A trade!! tuna8377 02/24/09 12:46:14 PM
#2171   hope everyone is doing better in the new doinit 02/06/09 09:20:33 AM
#2170   Here's a perhaps relevant link: downsideup 01/29/09 11:33:43 PM
#2169   ***DONT BOTHER*** SAMadMoney 01/28/09 10:57:28 AM
#2168   How's my favorite POS stock doing today. tuna8377 01/22/09 09:52:09 AM
#2167   That is one question... but it probably isn't downsideup 01/06/09 01:22:31 PM
#2166   the question is >>>> will it ever trade chumpa 01/06/09 10:26:24 AM
#2165   Maybe they are operational, but they are not Boarding Pass 01/05/09 09:47:03 AM
#2164   You must have a fairly generous definition of "operational"... downsideup 01/02/09 06:37:35 PM
#2163   they are still operational. tuna8377 01/02/09 04:22:39 PM
#2162   Mine shows it up 4900%... LOL!!! downsideup 01/02/09 01:49:31 PM
#2161   20$ geesh ! Boarding Pass 01/02/09 01:37:33 PM