Oil Plays (fka Oil-Gas)

[Cube]

FDMF .013x.0145 2x1

[Cube]

FDMF NEWS .0128 Freedom Financial Holdings Forms Alliance With State of Kansas

FORT WAYNE, IN -- (Marketwire) -- 04/23/09 -- Freedom Financial Holdings, Inc.

(PINKSHEETS: FDMF) CEO Brian Kistler announced today that a strategic alliance has been formed with the Kansas Corporation Commission (KCC), District 3 office in Chanute, Kansas to use KC 9000(TM) for tank remediation.

Kistler stated, "Several weeks ago, we presented a table top demonstration of KC 9000(TM) to the local KCC officials in their office in Chanute. As it always does, KC 9000(TM) performed just as anticipated and as a result, Freedom has received a letter from the KCC that 'assigns any of its rights to the tanks and the contents of the tanks to Freedom Energy International,' to the abandoned tank battery on a lease in Neosha County, Kansas."

Kistler continued, "This initial project is the door opener to many other future projects I would like to see take place with the KCC. Site and tank remediation is a potential huge business model and revenue stream of its own, but more importantly, is the opportunity to conduct a field test of KC 9000(TM) with the State of Kansas monitoring it and verifying the effectiveness."

"The problem that is presented with these tanks is that no one will tackle them due to the Bottoms and Sediment (B.S.) that remains in the tanks. Up until now there was no way of extracting the remains in tanks in a cost effective manner. Enter KC 9000(TM). As previously announced, we have the partnerships formed to tackle jobs like this both large and small. This project is a perfect place to start with the State of Kansas. And of course, Kansas is not the only state with abandoned oil tank batteries," concluded Kistler.




Timing for the completion of the project has been left open as the company and its strategic partners must contend with the spring rains and other weather conditions.




ABOUT FREEDOM FINANCIAL HOLDINGS, INC.




Freedom Financial Holdings, Inc. ("FDMF") is a holding company with a focus on the identification of opportunities in the financial services sector.

The Company's objective is to acquire undervalued assets and/or initiate operations in under served niches. Once established within the FDMF portfolio, the Holding Company will provide the support necessary to enable each of its subsidiaries to maximize their business opportunities.




FORWARD LOOKING STATEMENT: This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company.

They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.


Contact:

Brian Kistler

Freedom Financial Holdings, Inc.

260-490-5363 ext. 307

[Derekz]

these were the good ol days.

[Golden Cross]

The Last American Wildcatter

http://www.forbes.com/free_forbes/2009/0202/066.html?partner=yahoomag

[Golden Cross]

CLR = Cash

[Golden Cross]

Loading up on CLR right now...My strongest play right now...I meet and talked to the geo and this new find is huge... $44.83...glta...

[reconranger]

Oil plays will be picking up in the weeks to come.-reconranger

[stock2windaily]

When I stated that - FRGY was at .008 - it then went to .068 and has recently retraced - and is bouncing up and down - DREAM FLIPPER.

[Mt. Blanc]

How can that be? FRGY? What's that?

Do they have the ability to out do HTOG? Inquiring minds want to know. X factor?

Good luck.

[reconranger]

Good day all, kept an eye on the following plays: FRGY, BQI, WFC,
UVSE-reconranger

[Golden Cross]

BQI Breaking Out!

[Golden Cross]

Oilsands development in Saskatchewan -
Jun 2007 [Oil & Gas Inquirer]
Godfrey Budd

Saskatchewan has been on a steady upward economic trajectory for the last few years in no small part because of a series of successes in its oil and gas sector. Improved technology for cold heavy oil production in the Lloydminster region helped boost the province's oil production through the late 1990s into the 2000s. Natural gas production is poised for a gradual decline, oil production in recent years has held steady around the 420,000-bbl/d mark. About half of this is heavy oil.

Now, what is perhaps the last great imponderable of the province's petroleum resource-the bitumen deposits of northwest Saskatchewan-is being charted through core drilling and seismic programs operated by Oilsands Quest Inc. Part of the vast oilsands of northeastern Alberta that extends eastward across the provincial border, it is located some 200 km north of Lloydminster and beyond. Although there has been plenty of skepticism about the extent of the resource, some estimates have pegged it as high as 30 Bbbl of recoverable bitumen-if the right technology is applied.

Oilsands Quest, which merged with CanWest Petroleum Corporation last year, announced May 7 this year accelerated time lines for development of its Axe Lake discovery area, in the wake of two successful winter drilling seasons in the west-central part of a land position of 508,000 acres.

The company spent $10 million in winter 2005-2006 setting up infrastructure and drilling 24 holes. Of these, 19 intercepted McMurray bitumen. In the best three-section block, eight holes drilled had an average pay thickness of 19 m with one having a pay thickness of over 28 m. Grades of bitumen saturation by weight of up to 18 per cent were encountered. Company executives were encouraged, and firmed up plans for a second winter of drilling.

Oilsands Quest's land position in Saskatchewan extends from Township 92 to 100. Most of the holes drilled in winter 2006-2007, however, were in what the company refers to as the Axe Lake discovery area, which includes the north half of Township 94 and the south half of Township 95.

The company had as many as eight coring rigs drilling in the area, as well as six seismic rigs operating, and spent about $40 million over about five months on an aggressive winter drilling program and had drilled 150 holes by the end of the season. This program included 34 holes outside the Axe Lake area and 100 square miles of seismic work.

At peak activity last winter, there were about 200 workers running the rigs and doing related work. The Axe Lake area is in a remote region of northwest Saskatchewan, about 100 km northeast of Fort McMurray. Workers were flown in on bush planes that landed on a frozen lake. The extensive lease area required a 300-plus km network of ice roads to be built.

The company was able to save some money by hiring locally from nearby First Nations communities, and taking advantage of avoiding some of the higher costs associated with work on the Alberta side of the border.

The winter activity on the Oilsands Quest lands also included extensive electromagnetic and magnetic surveys that began in early February.

Oilsands Quest management's preliminary estimate of original bitumen resources in place (OBIP) in the Axe Lake discovery area suggests there could be as much as 1.5 Bbbl OBIP. A March 26 press release includes two sets of estimates: a high estimate pegs the OBIP at 1.25 to 1.5 Bbbl, while a best estimate pegs OBIP at 0.6 to 0.75 Bbbl. The estimates, notes the release, are in accordance with the Canadian Oil and Gas Evaluation Handbook (COGEH) under NI 51-101 standards of disclosure for oil and gas activities.

"Axe Lake represents our first discovery. We don't know what the best one will be. It has not been drilled extensively yet. We've done some exploration-34 wells-and seismic outside the Axe area. A lot of exploration data suggests further prospectivity. There are other projects out there. We have established a solid base, and we are now working to establish a commercial operation," says Christopher Hopkins, president and CEO of Oilsands Quest.

In an interview, Hopkins notes that Suncor's Firebag project is just over 20 miles west and EnCana Borealis is "within six miles."

The area of the OBIP within the Axe Lake discovery covers about 36 sections.

The find was made near where Shell Canada found bitumen at a thickness of about 20 m and a depth of 150 m in the 1970s. It was likely judged as not technically feasible to exploit at the time.

Oilsands Quest has announced timelines over the next 12 to 18 months for a number of activities in preparation for a commercial thermal in situ operation. The company has begun a process to assess in situ recovery alternatives. "We are now evaluating what recovery methods are best. We are looking at the next generation of technology, and will take part in a review of the new technologies," says Hopkins.

One of the first things that were done once management was convinced that the drilling program had hit pay dirt was to buy more land. Oilsands Quest spent about $25 million on 67,000 acres-about three townships-of contiguous land on the Alberta side. The Axe Lake discovery area comprises just under 14 per cent of the company's land position in Saskatchewan.

The depth of the Axe Lake resource appears to make it suitable for thermal in situ recovery. The depth of the bitumen pay zone, Hopkins points out, is comparable to other thermal in situ projects in the McMurray formation. Axe Lake depths are in the 185 to 200 m range. Suncor's Firebag is about 250 m deep, the OPTI/Nexen's Long Lake is about 210 m deep, and Husky's Sunrise is 200 m down, says Hopkins.

Although the government of Saskatchewan has introduced a series of measures in its fiscal regime for oil and gas development in recent years, and is now generally regarded as highly competitive, it lacks a current framework for oilsands development. But that's not surprising. As recently as last year, Saskatchewan government officials were pointing out that little exploration work had been done in the region, and that it would be premature to make any strong statements about its resource potential.

To date, the Oilsands Quest permits have been covered under the province's Oil Shale Regulations of 1964. The Saskatchewan government has begun a review and is expected to finalize the terms of a regulatory and fiscal regime for oilsands development soon.

According to a report from Genuity Capital Markets, an investment banking firm, "There is speculation that these terms will be comparable to Alberta's terms."

Oilsands Quest, which has a market capitalization that has been fluctuating around the $700-million mark, has come a long way fast. Beginning in fall 2004, Oilsands Quest, then a subsidiary of CanWest Petroleum, focused on an oilsands exploration program in Saskatchewan. This quickly became the company's major project. Exploration drilling began in late 2005. When the merger between the two companies was finalized late last year, the senior management team of Oilsands Quest became senior management overall under the name Oilsands Quest Inc.

The company is pursuing activities on several fronts to develop its resource. Work is already underway to evaluate drilling data, perform lab studies for bitumen recovery, conduct economic and risk assessment studies, and develop engineering timelines for a pilot plant. Also, in short order the company will undertake reservoir modelling, drill test wells to confirm lab work, and begin negotiations for a joint venture partnership to develop the Axe Lake asset. Hopkins comments, "The challenge is for people to understand how busy we are."

[stock2windaily]

Best Oil Play going is FRGY!

Check into it!

[Golden Cross]

BQI Top Pick at Tycoon Reports

At the bottom of the post you will find a link to the article. Go down 3/4 page.

Strong Buy Recommendation

Oil Sands Quest (AMEX: BQI) $4.35

12-Month target $12.00

This stock is an oil sands play, that's poised to more than double within 12 months and more than triple within 24 months. Oilsands Quest has projects in the oil and gas industry in Western Canada with an emphasis on oil sands and oil shale exploration. Oilsands Quest currently owns the largest single continuous piece of oil sands
(aka. "tar sands") land holdings anywhere in the world. While they also own oil sands exploration permits in eastern Alberta, Canada, Oilsands Quest is the originator of Saskatchewan's emerging oil sands industry.

Exploration for commercially viable oil sands deposits has traditionally focused on Alberta Canada, the province west of Saskatchawan. But it's in the untapped province of Saskatchewan where Oilsands Quest has had highly successful oil sands exploration results (specifically the northwest region). By applying its technical expertise to develop multiple global-scale discoveries, they are aggressively exploring their 700,000+ acres of contiguous oil sands. The company's Saskatchewan oil sands permits (100% owned) now total over 500,000 acres.

Based on strong exploration indications, after drilling only 5% of their massive land holdings, Oilsands Quest believes they're are already currently sitting at more than 10 billion barrels. They estimate that'll likely increase significantly over the next 12 months.

Their main project right now is their Axe Lake Discovery in northwest Saskatchewan, a world-class bitumen resource. Just in Axe Lake alone, they estimate sitting on 2.5 billion barrels, 1.5 of which is already classified
as discovered after only 2 years of drillings. Independent labs will examine all drilling data and producing a report sometime this fall. The results are very likely to support what management is claiming (a barrel count of an estimated 1.5 bil barrels.)

Oilsands Quest has been accelerating their activities at its Axe Lake Discovery in preparation for their field pilot program in the first half of 2008. Oilsands' planned field test of the reservoir is intended to evaluate reservoir response to varying pressures and temperatures.

They restructured the company with awesome new management team in August 2006. Before joining Oilsands Quest, the President & CEO, Christopher H. Hopkins lead the exploration team Synenco Energy that found 2.2 billion barrels in Alberta. He and his team are proven oil sands finders. He brought that same management to Oilsands Quest to work on their discovery efforts.

As they continue drilling programs through the winter in Saskatchewan as well as Alberta where they estimate to have 4-5 billion barrels, I think probable discoveries will likely move the stock closer to $8.00.

ABOUT OIL SANDS INDUSTRY

Oils sands (aka, tar sands) are a mixture of sand or clay, water, and extremely heavy crude oil. Conventional crude oil is easily extracted from the ground but tar sand deposits must be strip-mined or made to flow into producing wells using steam and/or solvents. These processes use a great deal of water and require large amounts of energy, so there's a higher cost in producing oil from Tar sands. But costs of producing oil from tar sands are going down due to technology, and the price of oil is high, making tar sands a highly profitable venture.

The world's largest deposits occur in Canada, a politically friendly country. This volume places Canadian proven oil reserves second in the world behind those of Saudi Arabia. Alberta, Canada is capable of being a major player on the world oil market for the rest of this century. (Oilsands Quest's land holdings are strategically located in Alberta and just over the Alberta/Saskatchewan boarder.) The Alberta Energy Utilities Board (AEUB) estimates there are 1.6 trillion barrels of bitumen resource in place in Alberta.

Realizing the Potential of Canada's Oil Sands Resources

North America's energy needs are increasingly being met by Canada's oil sands. Canada is now the largest single supplier of oil and refined products to the United States. By 2020, the oil sands are expected to provide 80% of Canada's oil production.

Oil Sands Quest At A Glance

BQI

AMEX:

by Christopher Rowe

Oilsands Quest

Oilsands Quest

Christopher Rowe

T H E T YC O O N R E P O R T

Current Price: $4.90

52Wk High: 5.51s

52Wk Low: 2.37

Avg Vol: 2.54M

Earnings: 2007 (-0.50) est. 2007 (-0.06)

Share Statistics

Shares Outstanding6:186.47M

Float:181.05M

% Held by Insiders4:4.18%

% Held by Institutions4:22.00%

Market Cap (intraday)6:7917.44M

Balance Sheet

Total Cash (mrq):53.36M

Total Cash Per Share (mrq):0.286

Total Debt (mrq):0

Total Debt/Equity (mrq):N/A

Current Ratio (mrq):6.478

Book Value Per Share (mrq):2.355

Cash Flow Statement

Operating Cash Flow (ttm):-37.41M

Levered Free Cash Flow (ttm):-90.33M

[Golden Cross]

First Commercial Plant in U.S. to Produce Liquid Biofuel from Wood Residues to be Built by Dynamotive in Missouri
Dynamotive Energy Systems Corporation (OTCBB:DYMTF), and its subsidiary, Dynamotive USA, Inc., announced its plans to invest US$24 million to build the first fully commercial industrial biofuel plant in the U.S. The facility will be located on a site in Willow Springs, approximately 180 miles southwest of St. Louis. The site secured was chosen for its ready access to rail transport, proximity to biomass and the potential to host up to four additional facilities.

The modular, second-generation biomass-to-biofuel plant is designed to use Dynamotive’s proprietary “fast pyrolysis” process to convert 200 tons per day of wood by-products and residues from nearby sawmills into 34,000 gallons per day of BioOil®. Commercial terms have been agreed and signed with local feedstock providers to supply the plant.

Development and construction of the plant will be implemented by Dynamotive’s U.S. management, supported by Dynamotive’s engineering team and its partners. Opportunities exist for a significant expansion of Dynamotive’s operations, with more than 1.1 million dry long tons of biomass per year in Missouri alone. As a result, other, similar projects in the state are currently under review. The BioOil produced at the Willow Springs complex is expected to be sold to commercial and industrial users in the region through a major local distributor of renewable fuels.

An initial burn of BioOil from Dynamotive’s commercial plant at Guelph, Ontario, is being scheduled at a major industrial facility with this distributor.

The initial burn would be preparatory to its adoption of BioOil as a primary fuel, and the opening of the Midwest market for the product. It is expected that up to 5,000 tons of BioOil will be made available to Midwest consumers over the next year from Dynamotive’s and Evolution Biofuels’ plant while the Willow Springs facility is under construction. The fuel provided is expected to be priced competitively to #2 heating oil, a light industrial fuel.

Lt. Col. (Ret.) William C. Holmberg, Chairman of the Washington-based Biomass Coordinating Council and a pioneer of the renewable fuels industry, hailed the plant announcement as “an important step towards releasing America from the bonds of foreign oil, and achieving a sustainable energy future.” Holmberg pointed out that “the commercialization of BioOil adds another element to our arsenal of renewable fuels that can help address a previously neglected segment of our oil use: industrial boiler fuels. As such it complements, rather than competes with, fuel ethanol and biodiesel.”

Dynamotive’s President and Chief Executive Officer Andrew Kingston noted: “This first U.S. project will demonstrate the viability of our technology in the U.S. market and the enormous potential of BioOil to help America make the transition to clean, renewable fuels that do not depend on food crops for their production. We are pleased to announce this project and would like to take this opportunity to thank all stakeholders involved for their magnificent support this year. Missouri has provided a unique platform to showcase our technology and its capabilities. We are committed to this project and look forward to developing further plants in the near future.”

All of the above transactions currently remain subject to negotiation and execution of definitive agreements and to securing sufficient project capital. Accordingly, there can be no certainty in respect of the Company’s ultimate participation rights in the project, nor of actual completion of them at this time.

About BioOil® Biofuel

BioOil® is an industrial fuel produced from cellulose waste material. When combusted it produces substantially less smog-precursor nitrogen oxides (‘NOx’) emissions than conventional oil as well as little or no sulfur oxide gases (‘SOx’), which are a prime cause of acid rain. BioOil® and BioOil Plus™ are price-competitive replacements for heating oils #2 and #6 that are widely used in industrial boilers and furnaces. They have been awarded the coveted EcoLogo in Canada, meaning that they are certified, as meeting the stringent environmental criteria for industrial fuels as measured by Environment Canada’s Environmental Choice Program. BioOil® can be produced from a variety of residue cellulosic biomass resources and is not dependent on food-crop production.

About Dynamotive

Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA, UK and Argentina. Its carbon AND greenhouse-gas-neutral fast pyrolysis technology uses medium temperatures and oxygen-free conditions to turn dry, waste cellulosic biomass into BioOil® for power and heat generation. BioOil® can be further converted into vehicle fuels and chemicals. For further information, please visit the company’s website at www.dynamotive.com.

[Golden Cross]

The Oil Sands Of Alberta
Where Black Gold And Riches Can Be Found In The Sand

http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml

[Golden Cross]

Storm Cat Energy Corporation Announces $80.0 Million Credit Facility and Approved 2008 Capital Expenditure Budget

SCU today announced the closing of a new $80.0 million senior, secured credit facility (the "Credit Facility") with Regiment Capital Advisors, LP and Wells Fargo Foothill, part of Wells Fargo & Company (WFC:WFC)

The proceeds from the Credit Facility will be used by the Company to retire the outstanding principal balance under its previous senior credit facility, including accrued interest, and provide additional liquidity for development of the Company's capital development opportunities.
The $80.0 million Credit Facility has an initial $55.0 million borrowing base which is comprised of a $50.0 million senior revolving credit facility ($25.0 million initial borrowing base; $13.0 million outstanding) and a $30.0 million term loan facility ($30.0 million initial borrowing base; $30.0 million outstanding). The Credit Facility is secured by substantially all of the Company's assets. Outstanding borrowings under the Credit Facility will mature on September 27, 2011, which maturity date may be extended to December 27, 2012 if the Company's existing subordinated convertible notes are fully converted into equity or refinanced prior to September 27, 2011.
The Credit Facility will be used, in conjunction with cash flow from operations, to fund the Company's 2008 Capital Expenditure budget of $38.2 million, recently approved by the Company's Board of Directors. The 2008 Capital Expenditure budget allocates $16.0 million to the Fayetteville Shale to drill eight net wells, $20.0 million in the Powder River basin to drill approximately 120 wells, $1.0 million in Elk Valley to continue ongoing production operations and the remainder on non-project capital expenditures.

[Cheesofriezzz]

GCOG, radar it. Good entry imo.

[Pennybuster]

i havent been really playing much at all as of late although i do like uranium plays. do you know of any?

[HonestInjun]

Okey!
I dunno--looks like that character that used to hang around airports and jump over luggage---always seemed a bit "off" to me.

Are you playing any uraniums? It's cool enough now that I think I'll wander down to green river--moab--dove creek--monticello--dolores anticline--uravan, -"Big Indian" is a rock that is local landmark. Charlie Steen's "Mi Vida" mine (my life) was in that area. First major deposit in continental u.s.
I see dennision is about to restart the mill @ blanding--lundin's had it--bought it plum cheap---and kept all permits in place and mill ready to roll---=
Anyway, the jrs will be busy in that area now--and between that and my lecture series, I'll be busy---symposium to give @ cortez re the Old People--

[Pennybuster]

"How Coula?"

[HonestInjun]

Vul has about tripled in last few days---does have other properties, some (uranium) jv'd out, some, like massive salt deposits on all weather roads next to blue water port (in se canada, ne u.s. area--which is highest salt consumption area in the world) put on hold.
The oil 'potential' is phenomenal, BUT it's on the canadian shield--traditionally tight with low porosity and permeablility---and very limitid infrastructure--so costs are high--

[HonestInjun]

Sproule on Vulcan---potentially 4 billion bbls---

Sproule very highly regarded, Pat Laracy is extremely straight shooter and sharp guy---

For what it's worth:

"…exploring for petroleum and minerals in Canada…
Searching new areas for large deposits…
NEWS RELEASE
May 7, 2007
Stock Symbol: TSX: VUL
Shares issued: 37,380,884
VULCAN MINERALS INC.- Offshore Western Newfoundland World Class Petroleum Potential
St. John's - Newfoundland - Vulcan Minerals Inc. ("the Company" TSX-V: VUL), is pleased to announce that it has received from NWest Energy Inc. (NWest) the results of a NI51-101 compliant petroleum resource assessment of NWest's offshore western Newfoundland exploration licenses by Sproule Associates Limited of Calgary, Alberta (Sproule). The Sproule report provides a geophysical interpretation of existing 2D seismic data covering four exploration licenses in the Gulf of St. Lawrence adjacent to the west coast of Newfoundland (approx. 1.5 million acres). Vulcan is a 30% shareholder of NWest Energy Inc.
Sproule identified 155 prospects and leads at three different stratigraphic horizons on the licenses. Some of these geophysical leads are very interpretive, based upon limited 2D seismic control, and will require additional seismic to prove their validity and size. All require further seismic delineation to upgrade them to drill ready status. Many of the prospects and leads are stacked vertically, enhancing their prospectivity by providing multiple targets at any individual drilling location. Sproule selected the eleven highest priority geophysical anomalies based on the geophysical and geological data available and concluded "The 11 most significant geophysical anomalies herein considered as forming the initial exploratory drilling phase of NWest's ongoing program may have an undiscovered in-place resource in the order of 3.8 billion barrels". These offshore licenses have never been drilled and the resource estimate is of undiscovered resources with no certainty that any of the resources will be discovered, recovered or developed.
In the opinion of Vulcan Minerals Inc., this resource assessment identifies the impressive order of magnitude of the targets contained in these offshore licenses. This certainly justifies further exploratory work towards a drilling program. NWest is currently recruiting a technical management team to undertake that task and the requisite financing required. This independent verification of Western Newfoundland’s petroleum potential confirms the Company’s commitment to this area as an emerging petroleum exploration region.
For information please contact Mr. Patrick Laracy, President of Vulcan Minerals Inc. at
Phone: [phone], Fax: [phone] or Email: [e-mail], Website: www.vulcanminerals.ca
The TSX Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

[CashCowMoo]

Is anyone here personally involved in the oil and gas profession? I would enjoy hearing some personal experiences in either investment, or perhaps their own company.

[sons]

CHAG - Acquisition of Caldwell Oil and Gas Assets

On April 16, 2007, we closed the acquisition of assets from Caldwell, consisting of 48 mineral leases with 631 wells, of which approximately 100 are producing wells and 531 inactive well bores equipped with necessary production equipment, and related operating facilities and equipment including an office warehouse facility, ten pickup trucks, three pulling rigs, a backhoe, a winch and a water truck. The purchase price for the mineral leases was $5,000,000, and for the equipment $291,000.

The oil and natural gas leases purchased are on approximately 8,000 acres in Gray and Carson Counties, Texas, with a well spacing of 10 acres, and are in the Panhandle Field, discovered in 1920. This field produces from Pennsylvanian and Permian age granite wash and brown dolomite. The field covers 200,000 acres in eight Texas counties.

Our estimated proved developed producing reserves are 750,000 barrels oil equivalent. The current production from our producing wells is approximately 3,000 barrels per month and approximately 4,000 mcf of natural gas per month. Our wells produce 40 gravity West Texas Intermediate crude oil and 1,600 - 2,400 btu/scf natural gas.

Our primary focus is will be to operate our properties and to restore 10-20 wells per month to production. A typical well restoration we estimate will cost $2,500 to $5,000. To supplement our growth, we may also consider mergers and acquisitions, although we have no acquisitions contemplated or under discussion at this time.


Appointment of Officers and Election of Directors

As authorized at a previous meeting of the Board of Directors of the Company, effective April 16, 2007, Mr. Robert Gordon resigned as our Chief Executive Officer and Mr. Bradley W. Fischer was appointed as our President and Chief Executive Officer and was elected a director of the Company to fill a vacancy on the Board. At this Board meeting, effective also April 16, 2007, Alan M. Wright was appointed as our Executive Vice President, Chief Financial Officer, Treasurer and Secretary, and Peter Harris was elected as a director to fill a vacancy on the Board of Directors.

Mr. Fischer, age 60, received a B.S.M.E. degree from the University of Nebraska in 1972, and completed the Program for Management Development from Harvard Graduate School of Business in 1991. Mr. Fischer is a registered professional engineer and has been a petroleum consultant since 2002, providing strategic evaluation services to independent oil companies considering international investment programs, evaluating domestic assets for acquisition and arranging financial backing for start-up companies in the U.S. From 1997 to 2002, he was President and Chief Executive Officer of CMS Oil and Gas Company. Prior thereto, Mr. Fischer held positions with Ashland Exploration, Inc., his final position being Senior Vice President (International and Gulf of Mexico), and with Mitchell Energy Corporation, Tenneco Oil Company and Texaco, Inc.


--------------------------------------------------------------------------------

Mr. Wright, age 62, earned his Bachelor of Science degree in Economics from Cornell University in 1969. He has also completed post-graduate studies in Accounting at the University of West Florida and Stanford University's Executive Management Program in 1982. From 2002 to 2005, he was Senior Vice President - Administrative and Financial Operations and Chief Financial Officer, at Aastrom Biosciences, and served as a director of that company from 2000 to 2005. Prior thereto, from 1991 to 2002, he was Executive Vice President and Chief Financial and Administrative Officer of CMS Energy Corporation and its principal subsidiary, Consumer's Energy.

Peter Harris, age 54, has a Bachelor of Business Administration degree from the Royal Melbourne Institute of Technology University and is completing his Master's of Business Administration at the same university. He is Executive Director of the Uranium Club of Australia, a member of the Advertising Federation of Australia and has been a director of Recycle (Australia) since 1996. He is currently overseeing the planning and implementation of exploration for metals under an exploration license issued by Minerals Tasmania, the minerals arm of the Tasmanian Government in Australia, and is currently in charge of strategy and development for a Melbourne-based investor relations firm specializing in publicly-traded oil and gas companies.

[CashCowMoo]

On the radar: RGNO


tight...tight BB, low float, low O/S

pretty solid company so far.....check out the charts and the PR dates....see what happens? =)


expecting a PR soon...

[Mr. Zen]

Wyn Developments Inc. Spring 2007 Update
Apr 16, 2007 1:03:00 PM
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - Wyn Developments Inc (the "Company")(TSX VENTURE:WL)(OTCBB:WYDPF)(FRANKFURT:YXE) is providing an update of recent activities, including the Company's natural gas exploration and development programs.

THE TRUTCH b-A86-A/94-G-15 TRIASSIC HALFWAY DEVELOPMENT WELL

The Company announces the b-A86-A/94-G-15 Triassic Halfway development well has been drilled to target depth. Casing has been run and the rig has been released. By drilling this well, the Company has now earned an additional six sections (6 drill spacing units). On the Bougie Trutch lands, the Company has now earned a total of 18 Halfway focused sections (18 drill spacing units) from the surface to above the Slave Point Formation.

THE PROPHET RIVER NATURAL GAS EXPLORATION AND DEVELOPMENT PROJECT

A thorough review of all known data from the Prophet River Lands, including 2D and 3D seismic and the d-60-E/94-G-15 exploratory well data has continued since the crew left the drill site late January 2007. Upon the Operator's interpretation of pressure, seismic, petrophysical and petrographic data, and confirmation of the results by the British Columbia Oil & Gas Commission, the d-60-E/94-G-15 well has been re-classified as an 'Exploratory Wildcat Well' and new pool discovery.

According to the British Columbia Oil and Gas Handbook, "an Exploratory Wildcat classification is assigned when the proposed well is greater than seven kilometers from a designated oil or gas pool. Exploratory Wildcat well information is held confidential for one year after the rig release date," although this is at the discretion of the Company.

A "pool", as defined in the Petroleum and Natural Gas Act, "is an underground reservoir containing an accumulation of petroleum or natural gas, or both, separated or apparently separated from another reservoir or accumulation."

According to the British Columbia Oil and Gas Handbook, a "Discovery" well classification is best described as one in which "geological, geophysical and engineering data and...interpretive analysis, (have) clearly demonstrate(d) that a new pool has been discovered." The Company will benefit from three years of government royalty free production as a result of this discovery well classification, a credit offered as an exploration incentive due to the higher cost and lower success rates of such projects.

Two additional developments have also occurred on the Prophet River project. The Operator, per the option agreement on the property, has elected to convert its 35% working interest to a 12.5% non-convertible gross overriding royalty on Block A of the Prophet River project lands. This election to convert now increases the Company's working interest in the Prophet River Block A lands from 21 2/3% to 33 1/3%. Further, the Company has confirmed its election to drill on the 10 square mile Prophet River option Block B, and has selected the first location. The Company is required to spud a well on the Block B lands by March 31, 2008.

PRIVATE PLACEMENT UP TO CAD $1,000,000

In order to meet current obligations and proceed with adequate working capital for strategic initiatives, the Company is announcing a private placement of up to 4 million units at CAD $0.25 for gross proceeds of up to CAD $1,000,000. Each unit consists of one share and one purchase warrant exercisable at $0.35 for a period of two years from closing.

Thomas W. Bainbridge P.Geol., is the qualified consultant for the Company's natural gas projects and has reviewed and verified the contents of this news release.

For more information on the Bougie Trutch and Trutch East natural gas development projects, visit www.wyndevelopments.ca.

On Behalf of the Board,

WYN DEVELOPMENTS INC.

David McMillan, President & CEO

FORWARD LOOKING STATEMENTS

This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning Wyn Developments Inc. future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2006. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Wyn's operations or financial results are included in Wyn Development's reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and Wyn Developments undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Oil and Gas Advisory. This press release contains disclosure expressed as "Boe/d". All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Wyn Developments Inc.
Tom Brady
North America
[phone] or Toll Free: 1-888-685-5851

Wyn Developments Inc.
Chad McMillan
North America
[phone] or Toll Free: 1-888-685-5851

Wyn Developments Inc.
Dave McMillan
North America
[phone] or Toll Free: 1-888-685-5851
Fax: [phone] (FAX)
Email: [e-mail]
Website: www.wyndevelopments.ca.

Small Cap Invest Ltd.
Alexander Friedrich
Europe
49 (0) 69-24 24 93 49 or 49 (0) 12 12 544 71 04 62
Email: [e-mail]

Yes International Inc.
Rich Kaiser
United States
[phone] or 1-800-631-8127
Fax: [phone] (FAX)
Email: [e-mail]

Source: Wyn Developments Inc.


----------------------------------------------
Wyn Developments Inc.
Tom Brady
North America
[phone] or Toll Free: 1-888-685-5851

Wyn Developments Inc.
Chad McMillan
North America
[phone] or Toll Free: 1-888-685-5851

Wyn Developments Inc.
Dave McMillan
North America
[phone] or Toll Free: 1-888-685-5851
Fax: [phone] (FAX)
Email: [e-mail]
Website: www.wyndevelopments.ca.

Small Cap Invest Ltd.
Alexander Friedrich
Europe
49 (0) 69-24 24 93 49 or 49 (0) 12 12 544 71 04 62
Email: [e-mail]

Yes International Inc.
Rich Kaiser
United States
[phone] or 1-800-631-8127
Fax: [phone] (FAX)
Email: [e-mail]

[moneytimeisback1]

PEMC GOOD PLAY

[Pennybuster]

i always do. techihhila

[HonestInjun]

Make sure you are comparing 'APPLES' to 'APPLES' is my advice--

[Mr. Zen]

does anyone know how to define this and what is the current wellhead price per cubic foot of gas right now??

The total approximate production for February equals 3.361 MMcf.d over the 21 day period for approximate gross production 70.58 MMcf.

[Pennybuster]

ARSS .14 Oil and Gas And Mineral Co. 5.3M O/S Check it Out.





http://www.amerossi.com/

[brodan66]

If you want to see a great US natural gas play check out WHD listed on the Canadian Exchange (CDNX.) The name of the company is West Hawk,symbol WHD, and they are currently moving their head office to the USA. Check out the postings, you have nothing to loose except for a minute of your time.

[Golden Cross]

CSMG Technologies Retains Top Medical Device Firm for Commercialization of Design and Manufacturing of Live Tissue Connect's Electrocautery Generator
Tuesday February 13, 10:00 am ET


CORPUS CHRISTI, Texas--(BUSINESS WIRE)--CSMG Technologies, Inc. (OTCBB: CTUM - News), a technology management company focused on commercializing human live tissue bonding devices, announced that the company has contracted with Stellartech Research Corporation (www.stellartec.com) for design and manufacturing of the commercial version of the electrocautery generator component of the Live Tissue Connect system.
ADVERTISEMENT


Donald S. Robbins, president and CEO of CSMG, said, "We are pleased to be working with Stellartech Research Corporation for the design and manufacture of the commercial generator component for Live Tissue Connect, Inc. ("LTC"). Stellartech is recognized throughout the medical device industry as the world leader in therapeutic electrocautery device design and manufacturing. Live Tissue Connect, a subsidiary, is quickly assembling a sound team of experienced medical device professionals to meet our regulatory filing, design and manufacturing needs."

LTC's Frank D. D'Amelio commented, "I was very pleased at the high caliber of experienced turn-key design and manufacturing houses that wanted to support our new product development road-map. We selected Stellartech for this project due to their experience with similar machines, their management team and their ability to support our aggressive schedule."

CSMG owns the technology and exclusive world rights to the live tissue bonding device through Live Tissue Connect, Inc., a subsidiary corporation formed for the development and exploitation of the platform technology.

LTC expects to complete a generator for duct and vessel sealing, meeting FDA and European CE Mark standards, respectively. They also expect to start filing for approval of this device with regulatory entities during the first quarter of 2007.

About CSMG Technologies' Tissue Welding/Bonding Technology

The LTC tissue bonding / welding device is a platform technology that bonds and reconnects living soft biological tissue through fusion without the use of foreign matter in contrast with conventional wound closing devices such as sutures, staples, sealant, or glues.

Surgeons at 27 Ukraine hospitals and clinics are using the tissue welding/bonding technology in clinical trials. They have completed more than 7,000 human surgeries using more than 80 types of open and laparoscopic surgical procedures, demonstrating the technology is universal in its ability to repair soft biological tissue. These surgeries included lung, neuro-surgery, nasal septum, intestine, stomach, skin, gall bladder, liver, spleen, blood vessels, nerves, alba linea, uterus, bladder, gynecological, fallopian tube, ovary and testicles and dura-matter. Cosmetic surgeries conducted with this technology include breast reduction, breast implants, mastopexy and abdominoplasty. The procedure involves little or no scarring, while restoring the normal function of the body organ or tissue.

The technology was invented and developed at the internationally renowned E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine, Kiev, Ukraine, headed by Professor B.E. Paton. U.S., Australian, Canadian and European Union patents have been issued, and additional U.S. and foreign patents are pending, all owned by LTC.

About CSMG Technologies, Inc.

CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG is focused on two primary subsidiaries, Live Tissue Connect, Inc. and landfill gas processing.

For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.ctum.com.

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.



Contact:
CSMG Technologies, Inc.
Donald S. Robbins, 361-887-7546
or
K. Bruce Jones, 770-955-0409
or
ROI Group Associates, Inc.
Michael Dodge, 212-495-0744
[e-mail]
or
Bob Giordano, 212-495-0201

--------------------------------------------------------------------------------
Source: CSMG Technologies, Inc.

[BMiles]

MKGP Expected PR's (Near Future) -

Upcoming Company Projected Events:
1. PR'd Feb 6th, 2007 - "The initial drilling phase of the well began on January 30th and is expected to be completed this week."
http://biz.yahoo.com/iw/070206/0211974.html

2. PR'd Feb 6thth, 2007 - "Of the first two wells drilled, one is completed and in the testing stage and the second well was fractured yesterday and will be placed on line and tested over the next two weeks. It is expected that both wells will produce oil and gas in commercial quantities. Initial flow rates on the first well should be available by the middle of February."
http://biz.yahoo.com/iw/070206/0211974.html

3. PR'd Feb 1st, 2007 - "It is projected that gas will begin being sold within the next 30 to 60 days."
http://biz.yahoo.com/iw/070201/0209995.html

[BMiles]

MKGP Due Diligence #1 -

Description of Business
Maverick Energy Group, Ltd is the operator of the “Big Foot Field” in West Texas originally developed by Royal Dutch Shell (RDS-A) and recently valued at approximately $19 million. It has approximately 300 wells in the field of which approximately 240 are presently revenue producing. According to Z2's most recent engineering report with an effective date of January 1st, 2006, the total future net revenue from the Big Foot producing properties is in excess of $38,000,000 and the future net revenue from the 200 Proved Undeveloped Properties (PUDs) yet to be drilled is in excess of $353,000,000.

Maverick owns an 11.517% membership interest in Z2, the owner of the Big Foot Field, and currently holds an option to acquire an additional 13.184% membership interest in Z2. If it were to exercise this option, Maverick’s membership interest in Z2 would increase to approximately 24.7%. Maverick’s option exercise price is $1,000,000 and may be exercised at any time through July 17th, 2007. The President of Maverick also serves as the Chief Financial Officer of Z2, LLC. Maverick is also the proprietary owner and operator of several producing natural gas fields and owns approximately 50 additional natural gas leases in West Virginia.

Must Read Alert with 35 Cent Short Term and $1.25 Long Term Targets:
January 16, 2007
The total revenue picture could be quite lucrative for Maverick, promising total revenue of over $90,000,000 with their exercised option in Z2 and provided the undeveloped properties are eventually revenue-producing. Given its current capitalization of just over $5M, Maverick appears to be trading at a heavy discount to a company that could potentially have revenues per share of nearly twenty times its current market price. With current net earnings about 16% of revenues, Maverick could conceivably be earning $14.4M dollars, or about $.11 per share, within the next few years. (Click the link below for the full article)
http://www.microcap-reports.com/Reports.php?IDstock=1

Upcoming Company Projected Events:
1. PR'd Feb 6th, 2007 - "The initial drilling phase of the well began on January 30th and is expected to be completed this week."
http://biz.yahoo.com/iw/070206/0211974.html

2. PR'd Feb 6thth, 2007 - "Of the first two wells drilled, one is completed and in the testing stage and the second well was fractured yesterday and will be placed on line and tested over the next two weeks. It is expected that both wells will produce oil and gas in commercial quantities. Initial flow rates on the first well should be available by the middle of February."
http://biz.yahoo.com/iw/070206/0211974.html

3. PR'd Feb 1st, 2007 - "It is projected that gas will begin being sold within the next 30 to 60 days."
http://biz.yahoo.com/iw/070201/0209995.html

Recent Items of Interest:
September 25, 2006
According to Z2's most recent engineering report, the estimated future net revenue from the producing properties may be in excess of $38,000,000 and the estimated future net revenue from the Proven Undeveloped Properties (PUDS) yet to be drilled could be in excess of $353,000,000. Z2 announced the closing of a $40,000,000 Advancing Credit Facility with Gasrock, LLC of Houston, Texas on August 25th, 2006. This financing will permit Z2 to further exploit its Big Foot Field holdings in Texas. The financing will be utilized to rework producing wells which are currently not producing and to begin a drilling program on a portion of the 200 proven undeveloped locations contained in Z2's engineering report dated January 1st, 2006.
http://tinyurl.com/vqt2x

October12, 2006
Maverick Energy Group, a member of Z2, LLC, is pleased to announce the commencement of a 22-well workover program for Z2. The 22 workovers, as well as the drilling of 6 PUDs are part of the initial operations planned by Z2 with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC the latter part of August, 2006. The first three workovers were completed and the preliminary results indicate an increase of 4 barrels per day per well. If all 22 workovers produce at the expected increase in barrels per day, the overall production in the field could increase by in excess of 20%.
http://biz.yahoo.com/iw/061012/0172025.html

January 12, 2007
Maverick, announces the successful drilling of two new Olmos "D" wells in its Big Foot Field in Frio County, Texas. Logs indicate in excess of twenty feet of pay in each of the two wells. Maverick anticipates that both of the above mentioned wells will be completed and in production by the end of January. Maverick also should begin the drilling of the third Z2 well by the end of January.
http://biz.yahoo.com/iw/070112/0202656.html

For The Skeptic
Maverick Operates The Big Foot Field
Scroll down to the Big Foot Field to find Maverick as the operator of 303 listed wells.
http://tinyurl.com/ymrkoq

Z2 LLC Does Exist
http://tinyurl.com/y9shgh

Z2 $40 Million Finance Verification
http://www.gasrockcapital.com/portfolio.htm

Another Z2 Owner
http://biz.yahoo.com/pz/060503/98417.html

Current Share Count Information:
Authorized Shares............................... 500,000,000 as of 2006/06/30
Issued and Outstanding........................127,914,189 (Confirmed with T/A 1/04/2007)
Restricted Shares.................................96,585,543 (Confirmed with T/A 1/04/2007)
Float................................................... 31,328,646 (Confirmed with T/A 1/04/2007)

Insider Holdings as of 8/31/2006
CEO - James McCabe..............................44,211,243
President - Richard Bednar.......................12,344,400
Business & Financial Consultants.............15,438,039 (Richard Bednar is Managing Director)
CFO Brice Bogle.......................................7,125,000
I/R Christiane Lopez.....................................600,000
http://tinyurl.com/yzkaqd

For the period ending September 30th 2006
1. Maverick saw an increase in Revenue of 25.6% from the previous Quarter.
2. Maverick saw an increase in Net Profit of 36.2% from the previous Quarter.
3. Maverick reduced Total Liabilities by 16.1% from the previous Quarter.
4. Maverick increased Stockholder Equity by 60.2% from the previous Quarter.

Financial Data From Quarter Ending June 30th 2006
Total Assets...........................$2,379,616
Total Liabilities........................$2,016,276
Stockholder Equity.....................$363,340
Total Revenue............................$934,589
Net Income................................$147,387
http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP

Financial Data From Quarter Ending September 30th 2006
Total Assets...........................$2,276,952
Total Liabilities........................$1,691,760
Stockholder Equity.....................$582,192
Total Revenue............................$1,173,936
Net Income................................$200,752
http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP

Contact Information:
Maverick Energy Group, Ltd
1350 South Boulder, Ste. 301
Tulsa, Oklahoma 74119
Phone: [phone]

Maverick Energy Group, Ltd
1100 NW Loop 410, Suite 506
San Antonio, Texas 78230
Phone: [phone]

Maverick Energy Group, Ltd
1415 Panther Lane, Suite 327
Naples, Florida 34106
Phone: [phone]

Christiane Lopez
Vice President of Investor Relations
[e-mail]

Website
http://www.maverickenergygroup.com

News Archive
http://www.maverickenergygroup.com/mkgp.html

Interview with CEO James McCabe 6/20/2006
http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=54

Management Team Biography
http://www.maverickenergygroup.com/AboutUs.htm

[BMiles]

MKGP Due Diligence #2 -

To understand Maverick (MKGP) you must first understand how they are diversified and structured. The Financials and Press Releases by Maverick reveal they currently hold a 25% interest in two separate drilling programs in West Virginia, a 12.5% interest in an unidentified horizontal drilling program, and a 11.517% interest in a private Oil and Gas company called Z2, the owner of the lease referred to as the Big Foot Field. Along with the 11.517% interest in Z2, Maverick also holds an Option to increase this interest to 24.7% by July 17th, 2007 for a cost of $1,000,000. In addition to Maverick holding an interest in three separate drilling programs and one private company, what is also important to note is that Maverick is the paid Operator of the Big Foot Field.

By searching the Nevada state records, you discover Maverick itself was once a private company. Maverick was incorporated on November 15th, 2000 which was well before it conducted a reverse merger with Pinnacle Group Unlimited in March of 2006. Because Maverick operated as a private company since November 2000, it is hard to determine the source of all their revenue because all we have been made aware of are the activities and developments that have taken place since the reverse merger. What you can tell about this profitable company is that they already have very strong financials for a Junior Oil and Gas Company and that from the recent PR’s we can also see the tremendous growth they should enjoy over the coming years.

For the period ending September 30th 2006
1. Maverick saw an increase in Revenue of 25.6% from the previous Quarter.
2. Maverick saw an increase in Net Profit of 36.2% from the previous Quarter.
3. Maverick reduced Total Liabilities by 16.1% from the previous Quarter.
4. Maverick increased Stockholder Equity by 60.2% from the previous Quarter.

Financial Data from Quarter Ending September 30th 2006
Total Revenue............................$1,173,936
Net Income................................$200,752
Total Liabilities........................$1,691,760
Stockholder Equity.....................$582,192

Financial Data from Quarter Ending June 30th 2006
Total Revenue............................$934,589
Net Income................................$147,387
Total Liabilities........................$2,016,276
Stockholder Equity.....................$363,340
http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP

West Virginia
Maverick owns a 25% interest in two drilling programs in West Virginia. During April 2006, Maverick released they had successfully drilled four new gas wells in West Virginia, unfortunately we don’t know how many wells may have existed before the reverse merger if any. What we do know from the 2006 PR is that Mavericks 25% interest in just these four wells together will generate $200,000 annually towards Maverick. Maverick also mentioned in the 2006 PR their intention to drill an additional 25 gas wells in which we could hear more on soon. If they were to be successful in drilling 25 more gas wells which all produced at the rate of the previous four, we could be looking at an additional $1,250,000 annual revenue from low cost gas wells. Keep in mind they hold 50 gas leases in West Virginia so there seems to be potential for even more wells to be drilled in the future.

Horizontal Drilling Program
Maverick owns a 12.5% interest in an unidentified horizontal drilling program. This 12.5% has been a mystery thus far as Maverick has released very little information on this drilling program. Below I have copied the content from a PR Released during May 2006 which gives us about the only information we know about this 12.5% interest. From the wording of this PR, I believe we can safely assume their already existed wells on this mystery property and perhaps this is one of the sources of revenue we do not know the details or potential of since the 12.5% interest in this drilling program existed before the reverse merger. Because we know so little about this drilling program and it’s potential, perhaps we may be surprised sometime during 2007 as to how much potential growth this program may offer Maverick. Their does seem to be a lot of hidden potential here as 12.5% of 100 barrels per day at the current price of $55 per barrel would generate revenue towards Maverick of $250,938 per well. The big question here is how many wells are we talking about?

”Maverick Energy is pleased to announce that a rig has been moved on to the first lease of two Horizontal Drilling sites. Maverick will be utilizing its proprietary Horizontal Drilling technology to re-enter and drill horizontally on the first of two targeted locations. Maverick has a 12.5% working interest in these wells as well as a contract to drill two producing and one disposal well on the target leases. Once production is established, Maverick will become the operator of the wells. Based upon expected production from the targeted zones, production from each well could exceed 100 barrels of oil per day.”

Z2 / The Big Foot Field
Maverick owns an 11.517% interest in privately held Z2, the owner of the Big Foot lease, with an option to increase this interest to 24.7% by July 17th. What is important to note here is that Maverick is the Operator of the Big Foot Field and gets paid for doing so.

The first thing to understand here is that Maverick holds an interest in Z2 and not in Big Foot. Well what does this mean? What this means is that Z2 pays to develop this property and not Maverick. Well what is the significance of that? The significance is that there is no risk to shareholders in the way of convertible debt and such to develop this particular field which will cost millions. The only cost to Maverick should only be what is spent to obtain additional interests in Z2.

Currently we have an 11.517% interest with an option to purchase an additional 13.184% in Z2 for $1,000,000. Because MKGP is already profitable, it is possible that Maverick may pay cash from operations to complete this option or they may elect to raise the money by the issuance of shares or even a combination of both methods. If Maverick was to do so by the issuance of shares at say the lower end of the most recent trading range or say 5 cents, the dilution for this transaction would be minimal at only 20 million shares.

A history of the Big Foot Field was described during a 2006 interview that was conducted with CEO James McCabe. Mr. McCabe stated in this interview the Oil Field was previously owned by Royal Dutch Shell. Shell shut down the field during the late 80’s during a time where oil had dropped down to a cost of $10 - $12 a barrel which made the field no longer cost effective to operate. At the time Shell shut down the field, the existing wells were producing at a combined rate of almost 1,000 barrels per day through water injection.

Maverick is aggressively developing this field as we speak. Maverick is performing both workovers of existing wells along with drilling new proven undeveloped wells. First I will discuss the workovers and then I will move onto the proven undeveloped wells.

Workovers
Currently Maverick is performing a workover program of the existing wells with the goal to bring the existing wells back to the rate of production just before Shell had shut down the field. Maverick issued a PR on January 17th, 2007 which told us the progress of the workovers and projected that upon the completion of 22 workovers they anticipated the field to increase production by 20% or a rate of 300 barrels a day. The PR also stated there were 240 revenue producing wells in this field. If that is the case, then the existing 240 wells were previously producing approximately 250 barrels a day before any workovers had been completed. From the information that has been revealed so far, I will show below what I expect we will see if Maverick is to complete a workover on the remaining 218 wells.

250 barrels per day / 240 existing revenue producing wells = 1.042 barrels per day per well

If 22 workovers is to produce a 20% increase from 250 barrels per day to 300 barrels per day then -

50 bbl's / 22 wells equals an average increase in production from each workover well of 2.273 barrels per day

2.273 increase per well + previous 1.042 bbl's per day = 3.315 average bbl's per day per workover well.

240 workovers x 3.315 barrels per day = 796 barrels per day

796 barrels per day x $55 a barrel x 365 days in a year = $15,979,700

This rate is not quite the rate Shell was producing but there does remain the 60 wells that are not producing and perhaps a workover is all that is needed to bring those wells online? What makes these low production rate wells significant is that there is not the associated cost of drilling these wells which generally would cost in excess of one million per well. The other thing that makes them significant is that there are so many of them which together could generate a total of $15,979,700 annually.

Now the $15,979,700 does not go directly to Maverick but to Z2. The significance to Maverick is that they are being paid to conduct the workovers, there is no cost or risk to Maverick shareholders, and we receive 11.517% of Z2’s net earnings or 24.7% after completion of the option. No matter how you look at it, our interest in Z2 and as the operator of Big Foot is all profitable.

A recent report produced by MicroCap Reports had used what they stated as a conservative figure to determine how much Maverick would generate through Z2. MicroCap Reports speculated 50% of the revenue generated at Big Foot would be retained as net earnings. If that is the case then –

$15,979,700 future potential x 50% = $7,989,850 net earning for Z2 of which Mavericks portion would be at 11.517% $920,191 annually or at 24.7% $1,973,493 annually. This should be pure profit to Maverick with no costs associated.

PUD’s
Though I have shown the value in the workovers, these existing wells were already depleted by Shell many years ago. What is of more significance and value is the 200 PUD’s (Proven Undeveloped Properties). Maverick has told us that the Big Foot lease also contains 200 PUD’s in which we recently completed two of these PUD’s and expect to have these two new wells on line by the end of January. Because these wells are new and have not already been depleted, we should expect a greater flow rate than the wells previously operated by Shell. It is hard to put a dollar value on these wells until the PR comes out announcing the flow rate but MicroCap Reports had recently speculated an average of 10 barrels per day.

MicroCaps had also stated that Maverick would attempt to average two new PUD’s per month while MicroCaps speculated on the conservative side that Maverick would only complete 20 wells per year. These 200 wells give Maverick tremendous upside growth value going forward. If they are to successfully drill all 200 of these wells say over the course of the next 10 or 12 years, Z2 could be looking at a revenue stream based off current oil prices of $40,150,000 annually only from these PUD’s.

By using the speculative figures from MicroCaps as we did earlier on the workovers, we can speculate what this may mean to Maverick in the future and once again I will remind you that this is at no cost and no risk to shareholders and actually Maverick gets paid to drill these wells.

$40,150,000 annually x 50% = $20,075,000 net earning for Z2 of which Mavericks portion would be at 11.517% $2,312,037 annually or at 24.7% $4,958,525 annually. This should be pure profit to Maverick with no costs associated.

Gas
The last thing I will mention about the Big Foot Field is the gas. On Jan 19th Maverick announced that they would be bringing online a gas gathering system. They stated that they anticipated 300MCF – 500MCF per day. What I don’t know, which is what it sounds like to me, is if the gas is coming from all the wells or just the two recent PUD’s. I suspect that Shell had already harvested all the gas from the preexisting wells so I suspect the gas is coming only from the two new wells. If that is the case then Maverick could be looking at a significant addition to the revenue it will generate through it’s ownership of Z2 as each of the 200 wells is drilled.

I hope all of this information is helpful for everyone to see the value in Maverick going forward right now. I believe Maverick has tremendous growth opportunities at a limited cost. In my opinion this is a long term investment only because it appears Maverick will continue to see extensive growth both in net profit and revenue each year which should continue to increase the value of the stock each year. Keep in mind that for the most part much of this is speculative, some of these projected figures may increase or decrease in the future as the company releases more detailed information. With the information available at this time, I have done the best I can to help us all get a glimpse of where this company may be heading.

Brad

[Pennybuster]

techihhila

[Golden Cross]

PRVB expands in large area in the oild sands....

[Mr. Zen]

WYN Developments (wydpf.pk wl.v) news of an exploratory well producing 7.943 MMcf.d, the german ticker was up 15% overnight trading

http://biz.yahoo.com/iw/070129/0208310.html

[moneytimeisback1]

gsgf & gseg

[december]

Looking @ LPET on the OTCBB. What do you think?

[iamretired]

TXHG audited filings areout for 2005. 2006 filings will follow soon. 2006 is the year the company came to life, so 2005 filings might not appeal tomany, but watch for 2006.

[oilslick]

HMGP. Simply the best O&G play out there. But don't take my word for it. Check it out for your self. Time is fast running out to pick up cheap shares at under .20. Best of luck to all in what ever stocks you invest in.

[Golden Cross]

PRVB----->>>>>> Powder River Continues 100% Success Rate in Goliad County
Tuesday January 23, 7:00 am ET


CALGARY, ALBERTA--(MARKET WIRE)--Jan 23, 2007 -- Powder River Basin Gas Corp. (OTC BB:PRVB.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed the Taylor #2 well on the Weesatchee Project in Goliad County, Texas. This is the 10th of the 14 well program outlined for initial development on the project.
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The Taylor #2 was drilled and cased to 3098 feet and showed 14 pay zones. Three of these zones were over 15 feet thick and held pressure of over 1200 psi. The lower zone was put into production and set at 500 mcf per day. The pressure will be monitored over the next few weeks and may be increased if there is no decline.

"We are very excited we have been able to continue our drilling program with 100% success on this project. We also have been fortunate in that this area missed the severe weather and ice storms which delayed progress in many other parts of Texas, Oklahoma and Louisiana. We look forward to continuing our success in the final four wells on this project," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.



Contact:
Contacts:
Powder River Basin Gas Corp.
Steve Weiss
Investor Relations
[phone]
Email: [e-mail]
Website: http://www.powderrivergascorp.com

Princeton Research Inc.
Mike King
Market Analyst
[phone]

[moneytimeisback1]

check out USO (United States Oil Fund)

[kmx_swing]

BFDE - Bedford Energy

http://www.investorshub.com/boards/read_msg.asp?message_id=15887835

[Golden Cross]

FieldPoint Petroleum Announces Key Acquisition
FieldPoint Petroleum Corporation (AMEX:FPP) today announced the acquisition of a working interest in the Bilbrey Field in Lea County New Mexico. The acquisition price is $1,670,000 for working interest of 50% and net revenue interest of 43% in the leasehold and related equipment, effective January 1, 2007. Based upon engineering reports and certain standard assumptions, this is expected to add approximately 108,000 BOE in proved developed producing reserves net to FieldPoint.

"This is truly an important acquisition for FieldPoint," stated Ray Reaves, President and CEO for FieldPoint. "We estimate that the reserves acquired will replace more than 100% of our total 2006 oil and natural gas production, while at the same time adding approximately one hundred mcf (million cubic feet) in daily gas production. We also believe that this acquisition could further serve to increase our production, earnings, and cash flow from operations by affording FieldPoint the opportunity for certain development in this field."

As with its previous acquisitions, FieldPoint plans for an active redevelopment program with this property, designed to increase production and reserves. However, no time frame can be given as to when, or if, any redevelopment activity will begin.

ConocoPhillips Company (NYSE:COP) is the operator of this property.

About FieldPoint Petroleum Corp. www.fppcorp.com

FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas, and Wyoming.

This press release may contain projection and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ from those projected, such as decreases in oil and gas prices and unexpected decreases in oil and gas production is included in the company's periodic reports filed with the Securities and Exchange Commission (at www.sec.gov).


FieldPoint Petroleum Corporation, Austin
Ray D. Reaves, 512-250-8692
President
[e-mail]

[Kaad_g]

TXHG Filings are out.

The 2005 10-K is finished. The 2006 10-K and the past 10-Qs should follow fairly quickly I suspect.

They’ve retained a new investment banker for more financing in the future.
They’ve retained a new investor relations company, which has not initiated anything yet.

It’s pretty obvious they are getting things lined up, and when the last 10-K and the rest of the Qs are out, I’m sure the IR group will begin the process of alerting new investors.

Reading the 10-K, there’s only 10,452,434 tradable shares, the rest are restricted.

Also in the 10-K “The Company acquired oil & gas leases and has begun development of oil & gas producing operations as of November 5, 2006” So they may be pumping and selling oil now.

With the current price of oil they could be profitable very early on; and because of carryover losses from previous years, they can keep most of those profits.

When you consider that this stock has been on the Pinks all this time, with very little news, and it’s still in the .70s to .80s price range, it bodes well for the future; and I think the future is now.

When the rest of filings and news comes out, and the IR group kicks in, I think the price could really take off.

[themetallurgist]

HMGP up 400% golden cross soon! NO DEBT!! not another pinkie. CEO says no more dilution! production to be 1500 bbls a month.