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They certainly seem to be taking their time.
Marauder is totally at the mercy of the Bungle Boyz over at TAG. If they ever find their a** with a road map, there might be hope.
Here we are in mid-July. Where is the good news?
Jungle,
MES has moved on from Somalia to New Zealand, though that said they still have blocks offered by puntland.
given that no one want to drill there suggest it more trouble then its worth.
puntland needs time to resolve its problems and i'm not sure mes will still have those blocks when the dust settles.
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.htm
Ready to run, once TAG announces what they've got down there in New Zealand. Momentarily. Time to "Buy 'em!"
Lol lol lol lol lol. Let's keep pushing that date out more and more, eh! Sludge doesn't bring shareholder value. Massive. Whiskey is flowing. None for you!
Where's the sludge update? Massive.i am drinking whiskey and it's flowing hard!
I tried to warn everyone! Sludge is sludge.POS is being very kind! But the pump pump pump it up boyz will say differently. Massive. Whiskey flows.
thanks- i'm only selling some squeeky small 2000 shares to see what's going on with trading here--------but i have for quite some time tried to sell those 2000- and buys are always 1 milifraction higher than mine---------and i have skipped around on one day just trying to match the darn millifraction. I am keeping my other shares here for the dark horse this might be...but if i want to sell some piddly 2000 shares under the ask, i should have a buyer take them- and not just act like my ask isn't there. .0601 ffs? Oh well, just asking-
yes - if you bought mesnf then you need to see mesnf. np
as i have always bought mes and not mesnf I'm not sure how its done.
currently there are 26k at 6 cents candaian - i would assume you are in that mix.
i bought my mesnf shares through scottrade---------i can't sell them through scottrade the same way i bought them? ??
you're trading through mesnf? or mes?
there are also chi-x and the alpha-a exchanges.
mesnf trades through the tsx only. not to mention the exchange rate as well.
today makes the 5th different day my lower ask was blown by for a higher one with trading and buying----and i notice with 29000 shares supposedly traded thus far today, there is no scottrade number for low price and high price of the day either. I had a sell order in for .06 yet supposedly .061 gets a hit for 29000 shares? These third place decimals also look fishy floating around recently for bid and ask and for close of day. Are these all ghost trades" Is this a scam trade stock or something? Getting out of this pos seems impossible.------Anyone have some thoughts about any of this?
maybe i have maybe i haven't
i believe on the 10 December NZ government release the concession winners.
mes is long overdue some news...
Massive! I will believe it when I read it! Sludge is still sludge!
i just heard from a penny stock picking friend this little gem might have some news next week- anyone else heard anything?
Massive What?
Keep waiting! Going to 2 cents! Seems sludge isn't to valuable. Those NZ folks are finding that out the hard way. Whiskey flowing and none for you BB!
soon? how soon as I can't wait!
More comedy! I can't wait and it's soon I will be proven right! Stock price tells the whole story here! Massive!
Redinvest re-posted this on NZ thread but worth remembering what TAG said in July on their blog: three key points
http://blog.tagoil.com/
1) “We can't give up too much detail at this stage as there is a critical land sale occurring in New Zealand later this year." key info is being withheld.
2) "We anticipated and encountered extreme overpressures. but probably most important is that there seems to be permeability associated with the zone. "
3) "the seal looks to be working as no shows were seen above the zone." regional seal seems to be place.
all in all 3 reasons to be cheerful. now bring on the news.
-----------------------------
Drew on the East Coast Basin…
“We can't give up too much detail at this stage as there is a critical land sale occurring in New Zealand later this year, bid deadline is September 26, and there are few blocks up for bid offsetting us within the East Coast Basin. But I can tell you, we are extremely proud of the operational job we did in the drilling of our first deep test on the East Coast.
Ngapaeruru-1 was drilled without a hitch in about three weeks. We anticipated and encountered extreme overpressures. We encountered swelling mud stones and a few other nasty drilling obstacles that have been a nemesis of past drillers in this tricky basin. But again, our combination of Kiwi experience and North American technology allowed us to drill our well easily, collect all the critical data we intended to, and not have a single environmental health or safety issue.
The small minority of anti-fossil fuel opposition we had before we spudded the well barely had time to organize a protest before we were gone. The vast majority of our neighbors there, all of the regulatory bodies like local and regional councils couldn't believe what a professional operation it turned out to be. Drilling is new to these people. I think they were expecting wooden derricks and a spindle top blowout or something.
The results of this first well were encouraging, to say the least. In order to keep that over pressuring in check, we took no chances and used extremely heavy mud weights while drilling. Despite that, we went from over 1,000 meters of zero oil and gas shows through the over burden to instantaneous strong shows once we entered our target zone. Those shows continued unabated for 155 meters before they instantly disappeared to absolutely no shows again until TD, and that tells us a couple of things.
Number one, the seal looks to be working as no shows were seen above the zone. The zone itself definitely has hydrocarbons in it, but of course that was expected. We knew these source rocks were working from the quality and quantity of oil and gas seeps in this basin, but probably most important is that there seems to be permeability associated with the zone. That's the only way we would see the shows we did even given the high mud weights we were using.
We collected a lot of core, we shot Schlumberger's logs I've never even heard of before focusing on unconventional parameters and we collected live samples of liberated gas from the drilling mud itself. All of this data is now in various labs, mainly in New Zealand and Australia, where we're working with specialists from around the globe to interpret and plan the next step to be taken with the play, and in particular this wellbore.
What I can tell you is, we would definitely be completing this well, probably not for at least three to four months until we get all the data back from the labs and it's all interpreted, but Ngapaeruru-1 was not a red light, it was not an orange light, it is definitely a green light from what we have seen so far.“
We got the 19 K.
no reason to chase this, so you're the smart money imo
We are amoung the nibblers.
Thanks for your response.
waiting on TAG to produce some drill analysis. should have been a month ago imo so early next month is my guess.
meanwhile, buyers are happy to wait and nibble at around 7 cents.
We picked up a few more shares this morning.
Should we be expecting any news from the company any time soon?
Massive! This is turning comical! Whiskey is flowing!
Massive! Lol. Whiskey is running wild now!
2peas in a pod! Nobody cares what you buy, fwiw! Pump pump pump it up! Whiskey flowing and none for anyone of u. Go read more online write ups!
i pump nothing, pal----so instead of crapping on me so, why not post your own contrary opinion with specifics and data and insider info you might possess. I welcome contrary opinion in all penny stocks i play. No need to include your drinking preference details- i doubt those lend much to your credibility regarding this penny stock.------------------Getting out of the penny arena, cwei with its tiny float should easily make 100- and gpor i bought back when it was 8.00 pps- and i'm still holding. fwiw
Pumping of old articles. Where's the proof? The stock price tells the whole story.
ah ok. that gem.
please do let me know if you see mes discussed and I'll come over.
cheers
here's one that got me interested: Way Bigger than Bakken
Bob Moriarty
President: 321gold
Archives
September 3rd, 2013
Back in April I wrote about Tag Oil drilling a new well on their North Island East Coast Basin project in New Zealand named the Ngapaeuru-1 well. In May, Tag released the results from the hole showing a 155-meter intercept. In early July the COO of Tag, Drew Cadenhead made some comments in a conference call that were quite interesting.
Drew on the East Coast Basin...
"The results of this first well were encouraging, to say the least. In order to keep that over pressuring in check, we took no chances and used extremely heavy mud weights while drilling. Despite that, we went from over 1,000 meters of zero oil and gas shows through the over burden to instantaneous strong shows once we entered our target zone. Those shows continued unabated for 155 meters before they instantly disappeared to absolutely no shows again until TD, and that tells us a couple of things.
Number one, the seal looks to be working as no shows were seen above the zone. The zone itself definitely has hydrocarbons in it, but of course that was expected. We knew these source rocks were working from the quality and quantity of oil and gas seeps in this basin, but probably most important is that there seems to be permeability associated with the zone. That's the only way we would see the shows we did even given the high mud weights we were using.
What I can tell you is, we would definitely be completing this well, probably not for at least three to four months until we get all the data back from the labs and it's all interpreted, but Ngapaeruru-1 was not a red light, it was not an orange light, it is definitely a green light from what we have seen so far."
In 2008, TransOrient (now Tag Oil) completed a report based on eight samples from the Whangai shale on their ground. One of the eight samples showed a porosity of 16.3% but the report concludes it was anomalous. If you take the seven similar samples and average them, they show an average porosity of 26.44. The report was submitted to the NZ government and was kept confidential for a period of five years. It was released to the public only last month.
Porosity is a measure of capacity of rock to absorb oil. The more porous a rock is, the more oil it has potential for. In comparison, the Bakken is between 8% and 12%. The well-known Barnett shale in Texas is a mere 4-5%. While the New Zealand East Coast Basin is far thicker than the Bakken or Barnett, it is deeper and will cost more to drill. The Bakken is 10-50 meters thick, the Barnett 1-40 meters thick and the Whangai 300-600 meters thick.
Marauder sent me a copy of their internal figures. They are not yet 51-101 but they are working on that. Marauder did just finish reprocessing 275 square km of 2D seismic. Their internal numbers indicate an average shale thickness of 125 meters over 57,000 acres. Using a figure of 25% porosity, Marauder's OOIP should be about 13 billion barrels of oil.
AJM Petroleum Consultants did a resource calculation for Tag and they concluded Tag had 12.65 billion barrels OOIP based on only 10% of Tag's holdings in the East Coast Basin so Marauder's numbers are in line with that of Tag.
Based on the purchase by PetroChina paid for EnCana in Western Alberta in December 2012, PetroChina paid $2.2 billion for 50% of the 9 billion barrels OOIP EnCana shows on their website. The EnCana numbers are based on a proven play. The New Zealand East Coast Basin is still unproven. Tag's analyst, Casimir Capital states that the exploratory value for $/bbl OOIP can be multiplied by 5.6 once proved.
In simple terms, that means Marauder's 13 billion barrels OOIP "COULD" be worth $1.15 billion in the exploration phase and $6.5 billion unrisked once proved.
At today's market prices, Tag is worth some $267 million but it has production and there is no obvious value given to their North Island East Coast basin projects. They have $10 billion dollar potential should the East Coast Basin shale become popular. Marauder has a tiny $4.3 million dollar market cap and great potential for higher values as Tag advances their projects.
I own Marauder and they are an advertiser. I am biased. I encourage readers to do their own due diligence. Pay attention to what Tag reports. Marauder's ground in right in between that of Tag in the East Coast Basin. A hit by Tag is a hit for Marauder.
Marauder Resources East Coast
MES-V $.05 (Aug 30, 2013)
MESNF-OTCBB
97.1 million shares
Marauder Resources website
hi MrDec,
I was able to find many posts on mesnf. let me know when it is next discussed and i'll come in for a look.
mcb
bry board on iv (investor village)- a board dedicated strictly to oil and gas information, data and oil field geologists and workers and stock owners. Some fairly famous folks frequent it- the info is so real- and riff-raff is not allowed. I read it daily for the robry model regarding demand and supply. Robry is right more often than our own govt is with his stats- he's also many-times more accurate than cnbc and bloomberg with his projections. If you are serious about the oil/gas sector, it's a must read- a learning experience surely worthwhile. I'm not plugging investorvillage- just THAT board. IV is too rabidly political on most of its other boards. BRY has no politics whatsoever. "Pedriven" was one poster there i think mentioned MESNF first- but i'm not sure. Others chimes in with what they knew. FWIW
sorry which board mate?
MESNF has enjoyed some posts on one of the most "expert-driven" message boards for oil and gas a week or so ago- and for ANY oil/gassy penny stock to be discussed there is noteworthy. Apparently, mesnf is indeed in a sweet spot assets-wise and a few folks over at the bry iv board shared what they knew and what they were speculating about mesnf. I may add if it breaks .10- and again if it breaks .15. FWIW-------and GLTA
Proof is coming. Watch! The stock price tells you all that u need to know!
yup so you say.
Proof is coming. Watch! The stock price tells you all that u need to know!
yup so you say.
I hear you, and take it in stride. Thanks.
bigone - part this game is know who is worth listening to and know just spouts rubbish. enough said.
Richard,
I sincerely hope that you are wrong, and that the stock price doubles, triples, goes off to the moon on future good news.
Yes, I am an optimist. I have lost money before. The small amount that I have read about this company has me still interested and hopeful.
Your comments, if based on fact, or qualified as your opinion, are appreciated by me , and I am sure others.
I am not much for whiskey, but is there any beer available?
Bigone
I think that all of us would like to know, as probably most of us here are investors with skin in the game.
Proof is coming. Watch! The stock price tells you all that u need to know! Massive. Whiskey flowing!
lol, this should be good. let's see what he knows.
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