Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It was not today, and the link is at the bottom of the post.
Was this today.
And do you have a link..!!
Thanks..
Did Terrorists Blow Up that Texas Oil Refinery?
From Fox News:
Two separate Islamist groups have claimed responsibility for that explosion at a Texas chemical plant that killed 15 and injured more than 100. In an Internet statement, the Army of the Levant said it was behind the blast. But another group calling itself the al-Qaeda Organisation for Holy War in the United States of America promised to issue a video of the attack to prove it was responsible. The FBI says neither one of them was responsible, they've ruled out terrorism as the cause of the blast."
I swear that the first thing I thought when I heard about this explosion was a terrorist cell. Think about it--this is the perfect target for a depeleted terrorist organization to hit--symbolic (oil) and under the federal radar for possible targets. I'm sure that Al Quaida pays far more attention to the FBI statements of credible threat than most Americans do--in fact, logic dictates that this was most likely a terrorist attack. But the FBI has ruled this out--of course, they offer no further explanation. Perhaps it was just a weather balloon...
http://boyswearpants.powerblogs.com/posts/1112043720.shtml
TGA: TransGlobe Energy Corporation Announces Yemen Operations Update
Friday November 25, 10:36 am ET
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 25, 2005--TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News; "TransGlobe" or the "Company") announces well results and an operations update on the Tasour Field on Block 32 in the Republic of Yemen.
ADVERTISEMENT
Block 32, Yemen (13.81% working interest)
The Balan #1 exploration well was abandoned after failing to test any hydrocarbons from the Saar or Basement zones. The well is located approximately 11 kilometers northwest of the Tasour field. The rig will now move to an adjacent non-owned block. Another rig is planned to start drilling a water injection well in the Tasour field (Tasour #20) in early December. This will be followed by another exploration location at Godah #1 (formerly North Hemiar). The Godah #1 well location is approximately seven kilometers east of the Tasour field and will test for a potential oil accumulation in the Qishn sandstones.
The Tasour #19 well workover to repair the cement bond was successful and the well was placed back on production on November 18th at a rate of approximately 1,000 Bopd. The Tasour field is currently producing in excess of 12,000 Bopd (1,657 Bopd to TransGlobe) and is expected to maintain this rate for the balance of 2005.
TransGlobe is a growth oriented international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe is well positioned for continued growth with interests in three production sharing agreements in the Republic of Yemen (two producing, one exploration), one exploration concession in the Arab Republic of Egypt and producing oil and gas properties in Alberta, Canada.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
TRANSGLOBE ENERGY CORPORATION
s/s Ross Clarkson
Ross G. Clarkson
President & CEO
DAAAAMN! And such a small float, too! Seems like somethings' gotta give!
whats wrong with this IRWIN energy the
POS?-----------------IWNN
$$$$$
AEZ -American Oil & Gas Updates Douglas Project Activity
Friday November 25, 8:00 am ET
DENVER, Nov. 25 /PRNewswire-FirstCall/ -- American Oil & Gas, Inc. (Amex: AEZ - News) announced that drilling operations on the Company's Hageman 16-34 well, the second well of an initial two well drilling program in the 51,000 acre Fetter Field project area, have been temporarily suspended to obtain a more suitable drilling rig. As previously reported, the drilling rig being used was not well suited to drill the larger well bore size required on this well. The larger hole size and revised casing program for the Hageman well were undertaken largely due to the knowledge and experience gained from drilling the Sims 16-26 well earlier this year. Continuing rig related limitations and delays have caused American and its partners to temporarily suspend drilling operations until such time that a rig more suitable to drill the remaining portion of the well can be secured and mobilized to the site. The upper portion of the well, which is cased to 8,625 feet, is in excellent condition and is in no way jeopardized by the down time required to bring in a more suitable rig.
Pat O'Brien, CEO of American commented, "The decision to suspend operations on the Hageman well was necessitated by continued delays and operational issues largely related to the drilling rig. We are in discussions with a drilling company in order to obtain a suitable rig to resume drilling activity at Fetter and are simultaneously investigating various techniques and technologies that will further our ability to unlock this potentially large resource."
At the Sims 16-26 well, a coiled tubing unit has successfully cleaned out the obstruction in the production tubing which has now been perforated across the Frontier formation. The well is currently undergoing a series of tests and pressure analyses. As reported earlier this month, the Sims well has produced nominal amounts of natural gas and condensate to date. We believe that perforating the production tubing may marginally improve the performance of this particular well.
At the approximate 7,600 gross acre Fort Fetterman prospect, which adjoins the Fetter acreage, the drilling rig and related equipment is arriving on location to commence drilling the Strock #1-20 well. This exploration well is targeting the Parkman formation at a depth of 7,800 feet. American will pay 37.5% of the costs to drill and complete this well and will own a 32.8125% working interest in this and any subsequent wells in this prospect.
American Oil and Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region. Additional information about American Oil and Gas, Inc. can be found at the Company's website: www.americanoilandgasinc.com.
This release and the Company's website referenced in this release contain forward-looking statements regarding American Oil and Gas, Inc.'s future plans and expected performance that are based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of drilling efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. This press release may include the opinions of American Oil and Gas, Inc. and does not necessarily include the views of any other person or entity.
Contact:
Andrew Calerich, President
303.991.0173 Fax: 303.595.0709
1050 17th Street, Suite 1850 - Denver, CO 80265
Neal Feagans, Investor Relations
Feagans Consulting, Inc
303.449.1184
--------------------------------------------------------------------------------
Source: American Oil & Gas, Inc.
FXEN,
Drilbitt will hit before mid December, not one but two times,
Gas play, 50% intrest in Poland....
Now at $11 mid 2006 above $20 for a start.
Fleer
morning Lowman..I know what you mean,I can hardly move this a.m.
won't be here long,just wanted to try to pick up a few more PBLS
today BEFORE next week.have a good one.
Roger
WOW! I had such a good dinner last night, not only was I the last to leave the table, but they'd cleaned everything OFF the table, just to get me to quit eating!
And the PIES!!! OMG!!!
If everybody out there had even 1/4 of what I had, to be thankful for, ya'll had a great Thanksgiving, too!
(If not, let me know! We can see about changing that, next year!) :)
(I went from 205 last week, to 215, after dinner last night! The most I've EVER weighed! LM-now fat-AO!)
theleakers... nice strategy... this one I have bought after the first split around a buck and is a holder for me and not trying to trade it... any good drilling news and we take off and next year could be great... Hold more of this one % wise than any other energy co. It really is one that can make you... I would like to see them get going faster in Mongolia but this mgmt is focused on Canadian and US properties right now and that is fine with me and have some great properties... they maybe loooking for a jv partner for mongolia but that is okay given the possible reserves...
I made a mistake and didn't sell after the amex listing and buy it cheaper later... I have seen this happen with almost every stock that heads to the amex... spike, then colapse, then rebound...
One investor wanted to give then $5 and is pretty confident in it as I am... whatever you do good luck man.. wish all the best with this one and don't think we can go wrong with this one...
I am waiting for SCU to close above its 20 days EMA of 2.32, it closed yesterday at 2.20
SCU; my major Oil & Gas winner for next year... already locked and loaded.. there will be no looking back very soon... Could retire with this one...
Happy Thanksgiving Lowman......You turkey lurkey oil/gas junkie...(smile)
PBLS BULLETS.....
-Rome Oil and Mid-South Resources ----
Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable.
-It is my policy that Phoenix need not go into debt to develop these oil and gas properties. Our policy shall be to raise money for future drilling (if need be) on a non-recourse method without putting Phoenix into debt.
-WAY AHEAD OF SCHEDULE HERE>>>>>> I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006.
We are in negotiations at this time with several companies we will try to acquire.
-DON'T FORGET THE CONSTRUCTION SIDE OF PBLS>>>>Oct. 6, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today announced that it has completed the acquisition of 3-D Builders, Inc. in a deal for stock and cash, in an effort to increase its construction division capacity in the wake of Hurricane Katrina and Hurricane
Rita.
-The company is working on and anticipates that it will have additional acquisition and rebuilding-related announcements in the near future.
-FEMA????The company has also added additional human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief.
-INSIDER BUYBACK!!!!Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) announced today that the company is initiating a systematic share repurchase program to retire up to 100 million shares of the company's common stock to treasury.
-Recent geologic surveys suggest that the estimated reserves of this lease will increase the company's existing oil reserves in the state by over 162%, from 5 million barrels to approximately 13.1 million barrels.
""""management expects continued impressive revenue and earnings growth as the new wells are on line."""""
-WOW!!!!Phoenix Associates Land Syndicate Enters Into Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition will Add $190 Million in Revenues for FY 2005................................................
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5BBL/day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as the new wells come on line.
-------------
KENTUCKY IS BIG imo!!!healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable
-------------
MORE WELLS COMING...WYOMING SITE!!!The company has plans to drill a test well on this property prior to year-end and, assuming satisfactory test results, expects to drill a minimum of nine production wells on Geological structure with a possible maximum of 22 wells.(22 X 25 NICE NUMBER)
GAXI now GAX and on AMEX: American Stock Exchange Lists Common Stock of Galaxy Energy Corporation
Wednesday November 23, 10:33 am ET
NEW YORK, Nov. 23 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the common stock of Galaxy Energy Corporation, under the ticker symbol GAX.
Galaxy Energy Corporation is an oil and gas exploration and production company that is focused on acquiring and developing coalbed methane properties in the Powder River Basin of Wyoming and Montana, and other projects within the Rocky Mountain area. Its principal offices are in Denver, Colorado.
ADVERTISEMENT
"Galaxy Energy is now one of many energy companies listed at the American Stock Exchange, and we are pleased to have them," said John McGonegal, senior vice president of Amex's equities group. "We look forward to helping Galaxy increase its visibility in the market place."
"We are very pleased to have this opportunity for the company to reach the larger investment community and to better service our current and future shareholders," said Galaxy Energy chief executive officer Marc E. Bruner.
The specialist in Galaxy Energy will be Brendan Cryan & Company. For further information on GAX and other Amex-listed companies, please visit http://www.amex.com.
SNRN: Government Of Jordan Signs First Oil Production Sharing Agreement In Eight Years: Sonoran Energy To Explore And Develop The Azraq Block
Wednesday November 23, 9:44 am ET
AMMAN, Jordan--(BUSINESS WIRE)--Nov. 23, 2005--Sonoran Energy, Inc. (OTCBB:SNRN - News) is pleased to announce that the Production Sharing Agreement (PSA) between the Natural Resources Authority (NRA) of the Hashemite Kingdom of Jordan and Sonoran Energy was officially signed by Jordan's Minister for Energy and Natural Resources and President of the Natural Resources Authority Azmi Khreisat and Mr. Ala Nuseibeh, Executive Vice President, Middle East Operations on Sonoran's behalf today. The official signing of the PSA took place at the offices of the Natural Resources Authority in Amman and was attended by several members of the Jordanian Cabinet, Government officials, individuals from the local business and finance community, and the US Embassy Deputy Chief of Mission Mr. Daniel Rubinstein and his economic councilors."
ADVERTISEMENT
The Agreement between the NRA and Sonoran Energy is the first PSA signed by Jordan in over eight years", said Dr. Maher Hijazin, Director General of the National Resources Authority of Jordan. "The government has placed the development of indigenous energy resources as a high priority on the national agenda. With rising oil prices and the fact that Jordan imports 97% of its energy needs, Jordan is looking for ways to start building its internal reserves to become less dependent on foreign oil imports. We are hoping the PSA with Sonoran Energy will partially contribute to the solution to this challenge."
Under the PSA, Sonoran Energy has an agreement to explore and develop the approximately 11,250 sq. km Azraq Block located directly east of Jordan's capital city of Amman. In addition to the exploration and development program, Sonoran Energy will also take over operation of the existing producing wells in the Azraq Block's Hamzah oil field.
"We are extremely pleased to be partnering with the Government of Jordan for this very important milestone in the Country's economic development," said Peter Rosenthal, Sonoran Energy President and Chief Executive Officer. "With this agreement we are taking a significant step towards delivering on our strategy to drive growth through high value oil and gas opportunities, and Sonoran Energy is proud to be part of the program to increase Jordan's domestic oil production.
Ala Nuseibeh, Executive Vice President Middle East Operations for Sonoran Energy commented, "Working with the Ministry and the NRA has been a real pleasure and I would like to thank them for all the support they have provided us. I look forward in making this project a real success together with them. We believe strongly that the Azraq Block is under-explored, and that with modern exploration and development techniques existing production on the field can be increased. Sonoran Energy also believes that there is good potential for new discoveries that could significantly boost production within the Block."
Sonoran Energy will commence an aggressive evaluation program focusing both on exploration and the potential to boost production from the existing wells and facilities. This program will involve the acquisition of 3D seismic data and the drilling of two exploration wells in addition to a number of technical studies.
The Azraq Block (http://www.nra.gov.jo/hydrocarbons.htm), which contains the Hamzah oil field, has been producing since 1985. The Hamzah field lies in the eastern part of the Block bordering Saudi Arabia and containing the Azraq-Sirhan Graben, which is mature for oil generation.
The primary reservoir in the field is a fractured carbonate that has been produced through a limited number of vertical wells. The last well on the field was drilled in 1989 on 2D seismic data. At one stage the field was flowing over 400 barrels of oil per day (bopd) but it is now producing around 30-40 bopd. Since its discovery in 1984, total oil production from Hamzah is just under 1 million barrels of sweet oil. This oil is currently transported by truck to a refinery on the outskirts of Amman.
About Sonoran Energy, Inc.
Sonoran Energy, Inc. is an independent oil and gas company that is building a diversified portfolio of high value oil and gas assets in North America, the Middle East, the Caspian region and North Africa. With a presence in the Middle East, Asia, and North America, Sonoran Energy explores, develops, and enhances the performance of material and high value oil and gas opportunities, leveraging the Company's technical expertise and extensive industry and governmental connections.
ENDE Financials:
http://finance.yahoo.com/q/is?s=ende.ob
PTGC Financials.
http://finance.yahoo.com/q/is?s=ptgc.ob
ATUX Financials..
http://finance.yahoo.com/q/is?s=atux.ob
Char Financials
http://finance.yahoo.com/q/is?s=char.ob
IGPG Financial..
http://finance.yahoo.com/q/is?s=igpg.ob
WSCE Earnings
http://finance.yahoo.com/q/is?s=wsce.ob
My speculative oil plays currently
APXR
OMOG
GCHR
Established companies with quality management
FPP
ASPN
BSIC
Have a great holiday!!
GCHR - .009 x about a penny - is an undiscovered oil stock. I've spoken to the company a few times. The stock barely trades and they need market maker participation to narrow the apread. Supposedly this is being done and a more active sponsorship is imminent.
I've noticed now others starting to post that they will be announcing new info on their drilling prospects and that they have been able to sell restricted stock.
They recently became fully filing and plan to go on to OTC BB.
EGY ...upward trend continues. ...
Follow "msg#" for chart
EDNE +25% ...showing some nice strength! ...
Follow "msg#" for chart
APXR +16% ...looking very nice! ...
Follow "msg#" for chart
BESV +14% more! ...just don't know when to stop! ...
Follow "msg#" for chart
EOGI +20% ...back up to top of channel. ...
Follow "msg#" for chart
OMOG -13% ...new 6.mo. low. ...
Follow "msg#" for chart
BESV chart up 15%..
ACKO chart up 19%..
EDNE chart up 26%..
POGI has Interests in DOIG's Todd Creek Discovery as well.
Close
POGI 0.105 0.005
Paradigm Oil and Gas to Provide an Update on Todd Creek Region
On June 18, 2005, Paradigm Oil & Gas Inc. (OTC BB: POGI) received a payment from the original vendor of the property for the sale of 50% of Paradigm's 10% interest in the Todd Creek Oil and Gas Property. Paradigm now holds a 5% interest in the Todd Creek 13-28-9-2W5 well with an option to earn interests in 7 additional sections of land.
The Todd Creek Well located in 13-28-9-2W5 in Alberta, Canada has been completed and is in the testing stage. The operators have the well on "tight hole" status. Further news will be released upon the tight hole status being removed.
About Paradigm Oil and Gas
Paradigm is a junior oil and gas exploration company headquartered in Calgary, Alberta, Canada. Its management believes in taking interests in low risk Western Canadian energy projects and developing them jointly with experienced operators maintaining low overheads for the Company.
It currently holds interests in the Todd Creek exploration project and options to participate in 7 additional sections.
Special Mention goes to Starboy, who this Thanksgiving Day season, has spent 2 days traveling over 300 miles, delivering 32 turkeys, 10 hams, and desserts to those, who otherwise might only be eating from a can! The world needs more people like Starboy!
This coming Christmas might be your last chance to do something good, too!
If you have done nothing for the good of Mankind, be ashamed! Be very ashamed!
For "He who gives while he lives, also knows where it goes!"
UPDA check levelII, maybe short covering looming:)
EDNE.ob breaking out...
http://finance.yahoo.com/q/bc?s=EDNE.OB&t=5d
• EDEN ENERGY CORP Files SEC form 10QSB, Quarterly Report
EDGAR Online (Tue, Nov 15)
• EDEN ENERGY CORP Files SEC form 8-K, Entry into Material Agreement
EDGAR Online (Thu, Nov 10)
• EDEN ENERGY CORP Financials
EDGAR Online Financials (Thu, Oct 27)
• Eden Energy Rated Speculative/3 by Investrend Research Analyst Daniel Capo, CFA
Business Wire (Thu, Oct 27)
• EDEN ENERGY CORP Files SEC form 10KSB/A, Annual Report
EDGAR Online (Thu, Oct 20)
• EDEN ENERGY CORP Files SEC form 10KSB/A, Annual Report
EDGAR Online (Fri, Oct 7)
• Eden Energy Corp. Provides Operational Update
PR Newswire (Fri, Sep 9)
• EDEN ENERGY CORP Files SEC form 8-K, Sale of Equity, Financial Statements and Exhibits
EDGAR Online (Wed, Aug 31)
• Eden Energy Corp. Closes Convertible Note and Warrant Financing
Business Wire (Wed, Aug 31)
• EDEN ENERGY CORP Files SEC form 10QSB, Quarterly Report
EDGAR Online (Fri, Aug 12)
Apex Reports Revised Value Estimates for Beaufort Sea Well
PR Newswire - November 23, 2005 06:00
SALT LAKE CITY, Nov 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Apex Resources Group Inc. (OTC Bulletin Board: APXR), today reports revised value estimates for Beaufort Sea Well.
On October 25, 2005 Citadel Engineering of Calgary released the report to reflect the current gas and oil prices. In June 1997, Apex Resources Group purchased a 3.745% working interest in the Beaufort Sea Area known as the Itiyok 1-27 Well, which was drilled in 1983. A review of the well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB working interest net reserves of 4.04 Bscf and 336 MSTB. Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (working interest net -- 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprise of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil (working interest 23.4 Bscf of gas and 3.2 MMSTB of oil).
With oil at approximately US$58.68 per barrel and gas close to US$11.50 per cubic feet, Apex interest in proven reserves would be $66.176 Million US Dollars and with an additional potential to be drilled out would represent $1.189 Billion US Dollars.
This will be a tremendous asset to Apex if and when the Mackenzie Valley Pipeline is completed.
The following proven, probable and possible gas and oil reserves are taken from the Engineering report.
Without a decision on the pipeline Apex 3.745% of the Itiyok I-27 Well is reduced at US $2,895,000 for proven reserves. After a decision to move forward with the pipeline this value will increase significantly.
Itiyok I-27
Part 1 -- Proven Gas & Oil Reserves: (640 acre area)
Total: -- A) 108 Bscf - Gas
B) 8.976 MM STB - Oil
Apex Working Interest - (3.745%)
A) 4.04 Bscf - Gas @ US$11.50/ft3 = US $46.46 Million (Gas)
B) 336,000 STB - Oil @ US$58.68/B = US$19.716 Million (Oil)
US$66.176 Million (Gas & Oil)
Part 2 -- Probable Gas & Oil Reserves: (40KM2)
Total: -- A) 1.16 TCF - Gas
B) 160 MM STB - Oil
Apex Working Interest - (3.745%)
A) 34 Bscf - Gas @ US$11.50/ft3 = US$391.000 Million (Gas)
B) 4.7 MM STB - Oil @ US58.68/B = US$275.796 Million (Oil)
US$666.796 Million (Gas & Oil)
Part 3 -- Possible Gas & Oil Reserves: (21.54 KM2)
Total: -- A) 625 Bscf - Gas
B) 86 MM STB - Oil
Apex Working Interest - (3.745%)
A) 23.4 Bscf - Gas @ US$11.50/ft3 = US$269.100 Million (Gas)
B) 3.2 MM STB - Oil @ US58.68/B = US$187.776 Million (Oil)
US$456.876 Million(Gas & Oil)
Total of All 3 US $1.189 Billion Gas & Oil
About The Mackenzie Valley Pipeline
Reports out of Calgary indicate that the consortium behind the CDN$7-Billion Mackenzie gas pipeline are on the verge of making deals with Ottawa and aboriginal communities, paving the way for key public hearings to begin on the massive venture.
After months of negotiations, a consortium of oil companies headed by Imperial Oil Ltd. was close yesterday to finalizing a so-called "letter of comfort" with the federal government that would lay out fiscal terms for the project in broad terms, sources said.
Three aboriginal communities along the pipeline route were scheduled to hold meetings last week to ratify access and benefits agreements.
"I am very optimistic that things seem to be coming together," said Brendan Bell, Energy Minister for the Northwest Territories, after meeting with Cabinet ministers in Ottawa. "We are very hopeful that Imperial will come out with a very strong positive announcement in the coming days and weeks."
The consortium of Imperial Oil Ltd., and partners Shell Canada Ltd., ConocoPhillips and the Aboriginal Pipeline Group, wanted to secure the deals before moving forward with lengthy public hearings that would bring the project back on track.
Negotiators have been working frantically so the agreements could be in place tomorrow, allowing Imperial to meet a deadline imposed by the National Energy Board. The federal regulator asked project backers to let it know by Nov. 18 whether they were ready to move forward, so it could hold pre-hearing conferences before the end of the year. Eight to ten months of hearings would then start in the New Year in of locations across the Northwest Territories and in Alberta. Regulators would then rule on whether the project can proceed.
The 1,220-kilometer pipeline would move to market by the turn of the decade badly needed natural in the Mackenzie Delta and fuel oil and gas in Canada's Arctic.
Three Sahtu communities -- Tulita, Fort Good Hope and Deline -- have reached agreements with Imperial on allowing the oil companies access to their lands in exchange for benefits. Negotiations are continuing with other groups affected by the project -- the Inuvialuit, Gwich'in and Deh Cho.
Pius Rolheiser, spokesman for Imperial, said it was premature to say whether backers would move forward with public hearings without having all aboriginal agreements in place.
"Our intent would be to have benefits and access agreements in place or a clear path forward to achieving them," he said. "We are in discussions with all communities and we are working as hard as we can."
The potential is significant. Devon Energy Corp. next month will start drilling in the Beaufort Sea and hopes to hit a target as large as the biggest field in the nearby Mackenzie Delta, a discovery controlled by Imperial.
By the Board of Directors,
APEX RESOURCES GROUP INC.
Investor Relations: Roger Reynolds
136 East South Temple, Suite 1600
Salt Lake City, Utah 84111 USA
TEL: 801.363.2599
Web Site: www.ApexResourcesGroup.com
John M. Hickey
Director
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc.
SOURCE Apex Resources Group Inc.
Roger Reynolds of Apex Resources Group Inc., +1-801-363-2599
APXR .085 x .091 speculative play on the MacKenzie pipeline Northern Canada. 93 million o/s and estimated < 65 million float.
Apex Reports Revised Value Estimates for Beaufort Sea Well
PR Newswire - November 23, 2005 06:00
SALT LAKE CITY, Nov 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Apex Resources Group Inc. (OTC Bulletin Board: APXR), today reports revised value estimates for Beaufort Sea Well.
On October 25, 2005 Citadel Engineering of Calgary released the report to reflect the current gas and oil prices. In June 1997, Apex Resources Group purchased a 3.745% working interest in the Beaufort Sea Area known as the Itiyok 1-27 Well, which was drilled in 1983. A review of the well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB working interest net reserves of 4.04 Bscf and 336 MSTB. Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (working interest net -- 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprise of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil (working interest 23.4 Bscf of gas and 3.2 MMSTB of oil).
With oil at approximately US$58.68 per barrel and gas close to US$11.50 per cubic feet, Apex interest in proven reserves would be $66.176 Million US Dollars and with an additional potential to be drilled out would represent $1.189 Billion US Dollars.
This will be a tremendous asset to Apex if and when the Mackenzie Valley Pipeline is completed.
The following proven, probable and possible gas and oil reserves are taken from the Engineering report.
Without a decision on the pipeline Apex 3.745% of the Itiyok I-27 Well is reduced at US $2,895,000 for proven reserves. After a decision to move forward with the pipeline this value will increase significantly.
Itiyok I-27
Part 1 -- Proven Gas & Oil Reserves: (640 acre area)
Total: -- A) 108 Bscf - Gas
B) 8.976 MM STB - Oil
Apex Working Interest - (3.745%)
A) 4.04 Bscf - Gas @ US$11.50/ft3 = US $46.46 Million (Gas)
B) 336,000 STB - Oil @ US$58.68/B = US$19.716 Million (Oil)
US$66.176 Million (Gas & Oil)
Part 2 -- Probable Gas & Oil Reserves: (40KM2)
Total: -- A) 1.16 TCF - Gas
B) 160 MM STB - Oil
Apex Working Interest - (3.745%)
A) 34 Bscf - Gas @ US$11.50/ft3 = US$391.000 Million (Gas)
B) 4.7 MM STB - Oil @ US58.68/B = US$275.796 Million (Oil)
US$666.796 Million (Gas & Oil)
Part 3 -- Possible Gas & Oil Reserves: (21.54 KM2)
Total: -- A) 625 Bscf - Gas
B) 86 MM STB - Oil
Apex Working Interest - (3.745%)
A) 23.4 Bscf - Gas @ US$11.50/ft3 = US$269.100 Million (Gas)
B) 3.2 MM STB - Oil @ US58.68/B = US$187.776 Million (Oil)
US$456.876 Million(Gas & Oil)
Total of All 3 US $1.189 Billion Gas & Oil
About The Mackenzie Valley Pipeline
Reports out of Calgary indicate that the consortium behind the CDN$7-Billion Mackenzie gas pipeline are on the verge of making deals with Ottawa and aboriginal communities, paving the way for key public hearings to begin on the massive venture.
After months of negotiations, a consortium of oil companies headed by Imperial Oil Ltd. was close yesterday to finalizing a so-called "letter of comfort" with the federal government that would lay out fiscal terms for the project in broad terms, sources said.
Three aboriginal communities along the pipeline route were scheduled to hold meetings last week to ratify access and benefits agreements.
"I am very optimistic that things seem to be coming together," said Brendan Bell, Energy Minister for the Northwest Territories, after meeting with Cabinet ministers in Ottawa. "We are very hopeful that Imperial will come out with a very strong positive announcement in the coming days and weeks."
The consortium of Imperial Oil Ltd., and partners Shell Canada Ltd., ConocoPhillips and the Aboriginal Pipeline Group, wanted to secure the deals before moving forward with lengthy public hearings that would bring the project back on track.
Negotiators have been working frantically so the agreements could be in place tomorrow, allowing Imperial to meet a deadline imposed by the National Energy Board. The federal regulator asked project backers to let it know by Nov. 18 whether they were ready to move forward, so it could hold pre-hearing conferences before the end of the year. Eight to ten months of hearings would then start in the New Year in of locations across the Northwest Territories and in Alberta. Regulators would then rule on whether the project can proceed.
The 1,220-kilometer pipeline would move to market by the turn of the decade badly needed natural in the Mackenzie Delta and fuel oil and gas in Canada's Arctic.
Three Sahtu communities -- Tulita, Fort Good Hope and Deline -- have reached agreements with Imperial on allowing the oil companies access to their lands in exchange for benefits. Negotiations are continuing with other groups affected by the project -- the Inuvialuit, Gwich'in and Deh Cho.
Pius Rolheiser, spokesman for Imperial, said it was premature to say whether backers would move forward with public hearings without having all aboriginal agreements in place.
"Our intent would be to have benefits and access agreements in place or a clear path forward to achieving them," he said. "We are in discussions with all communities and we are working as hard as we can."
The potential is significant. Devon Energy Corp. next month will start drilling in the Beaufort Sea and hopes to hit a target as large as the biggest field in the nearby Mackenzie Delta, a discovery controlled by Imperial.
By the Board of Directors,
APEX RESOURCES GROUP INC.
Investor Relations: Roger Reynolds
136 East South Temple, Suite 1600
Salt Lake City, Utah 84111 USA
TEL: 801.363.2599
Web Site: www.ApexResourcesGroup.com
John M. Hickey
Director
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc.
SOURCE Apex Resources Group Inc.
Roger Reynolds of Apex Resources Group Inc., +1-801-363-2599
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Ahhhh, thank you Tommy, I will strike that from the post! I couldn't find it in any of they're recent posts, which it would seem, they would want to make it it obvious and known!
Watch out on EESV ...there's reasons to be suspicious! ...
EESV has shown no activity for nearly 3 years, and has only recently seen an increase in pps. This could signify someone has shorted large quantities of shares, and intends to buy them back, when they fall to sub-pennyland again (if that be the case). Also, EESV lists no company address/headquarters/website, so just exactly where they're located, is anybody's guess! AND,
their share buyback program is a 'possible', not a 'for-sure'....another caveat emptor.
L~
P.S. Truly honest people have NOTHING to hide! My sentiments are, if they're a publicly traded company, everything should be 'out on the table'!
DOIG Delta Oil and Gas Discovers New Gas Pool in Todd Creek
Market Wire - November 23, 2005 9:00 AM (EDT)
SEATTLE, WA, Nov 23, 2005 (MARKET WIRE via COMTEX) -- Delta Oil and Gas, Inc, (OTC BB: DOIG) is pleased to announce that it has completed testing of its Todd Creek Well located in 13-28-9-2W5 in Alberta, Canada and the well has been classified as a new natural gas pool discovery. Log analysis shows that the well has intersected two gas formations with a combined net pay of over 80 feet. Preliminary natural gas reserve estimates for this well exceed 700 Million Cubic Feet of gas.
Construction of a new gas processing plant just south of this Todd Creek discovery is expected to commence shortly and Delta expects to tie its anticipated gas production into this gas plant by spring of 2006. The gas plant is initially capable of accommodating 10 million cubic feet of gas per day with significant expansion capabilities. While Delta will have no direct interest in the plant, the immediate access to market for its anticipated production from the area is of substantial benefit.
Delta has a 20% working interest in 13.75 sections of land (8800 acres) in Todd Creek with an option to earn 15% in 7 additional sections of land (4,480) acres. It is estimated that gas reserves per section could reach 2.0 Billion Cubic Feet of gas. Further development of Todd Creek is planned for 2006 involving the drilling of several additional potential gas wells. Drilling of the next Todd well, located at 6-28-9-2W5, is planned to commence upon completion of the gas plant.
About Delta Oil and Gas
Delta Oil and Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area and its interest in the Cache Slough Project in California. Delta Oil & Gas is looking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion; the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact Info:
Andrew Hay
1.866.355.3644
EESV Environmental Energy Services, Inc. (EESV) to Buy Back Stock
PR Newswire - November 23, 2005 8:00 AM (EDT)
- EESV Will Buy Back $200K Worth of Common Shares
EL RENO, Okla., Nov 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Environmental Energy Services, Inc. (OTC: EESV) announced today the Board of Directors approval of a stock buy back program and plans to purchase up to $200K at management's discretion. The company's shares will be repurchased through open-market transactions following SEC rules regarding such transactions.
"Our current cash position allows us to extend this share repurchase program to further improve shareholder value -- without adversely impacting operations," said EESV Chairman and CEO A. Leon Blaser. "We feel the stock is currently undervalued and this move will strengthen our position."
About EESV
Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.
SOURCE Environmental Energy Services, Inc.
Megan Geiss of Environmental Energy Services, Inc., +1-208-342-0983,
mgeiss@eesvinc.com
UPDA Retains Independent Oil and Gas Consultant; Adopts Due Diligence Methodology
Business Wire - November 23, 2005 8:43 AM (EDT)
JUNO BEACH, Fla., Nov 23, 2005 (BUSINESS WIRE) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA) continues to sharpen its focus on oil and natural gas development by retaining the independent oil and gas consultant, Landmark 4, LLC. in order to assist in its due diligence review of prospective acquisitions and the planning and evaluation of current work-over projects.
"Landmark brings extensive experience in UPDA's target areas of Utah, Nevada, Oklahoma, Texas and Louisiana," said UPDA Vice President Chris McCauley. "They have been working out there for many years and have developed countless contacts and a vast accumulation of information and resources."
Landmark's oil and gas expertise, coupled with UPDA's existing legal and financial abilities firmly establishes UPDA's rigorous due diligence methodology and demonstrates UPDA's absolute commitment to the maximization of shareholder value. Within the next month, Landmark will have representatives on the ground in Utah and Oklahoma inspecting sites and assisting in the preparation of work-over and drilling plans.
Steve Swain, Landmark's Chief Field Engineer, will review all work over and acquisition proposals and will act as primary inspector of the existing and proposed well sites on behalf of UPDA. He will then assist in the prioritization of the different projects in order that UPDA may maximize the return on its investments.
"Steve has experienced every aspect of the oil and gas business," continued McCauley. "His assistance will allow us to direct our capital appropriately and efficiently. I have worked with Steve on every oil and gas project in which I have been involved in the past ten years. He and the entire Landmark group are true oil and gas professionals. Together with the management of each of our subsidiaries, UPDA has assembled a team uniquely positioned to execute the UPDA business plan."
In unrelated news, on November 22, 2005, UPDA filed a Form 8-K signifying the execution of its definitive Joint Venture Agreement with USProduction and Exploration, LLC (USPX) which resulted in UPDA increasing its stake in Canyon Creek Oil and Gas, Inc. from twenty five percent (25%) to sixty five percent (65%) and committing additional funds for the development of its properties in Texas.
To date, UPDA has invested over $500,000 in Canyon Creek providing for the acquisition of several properties in addition to the work-over of existing wells in Archer, Young, Giddings and Coleman counties in Texas.
Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. In addition to this most recent acquisition, the Company has also acquired properties located in the Inez Field in Victoria County and the Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
For additional information visit: www.universalpropertydevelopment.com.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation (UPDA)
Peter Nasca Associates, Inc. (for Universal Property
Development and Acquisition Corporation)
Peter Nasca, 305-937-1711
info@updac.com
Copyright Business Wire 2005
Public Reply | Private Reply | Keep | Last Read Next 10 | Previous | Next
Add Board Mark Add Person Mark cintrix Report TOS Violation
Search: SubjectsTicker Members Public Msgs My Private Msgs Quote/Chart/Subject
© 2005 Investors Hub, Inc.
About Us User Agreement Contact Us iHub FAQ Advertising You are logged in as lowman
GEL -3% end of run? ...or just a little profit-taking? ...
Follow "msg#" for chart.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |