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OYCO FINRA deleted symbol:
http://otce.finra.org/DLDeletions
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7866660
Shares Outstanding 157,067 a/o May 11, 2009
AS 3,750,000
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=DONZT%252fmohpsy%252bzjS1vujzg%253d%253d&nt7=0
a bottom play here???
not such a nice move so far today, but i'm watching it from now on.
how well does it trade there?
Hello owners of Texola shares, just wanted to tell you that there is huge amount of shares traded in Germany today, is there news coming? Just wanted to discuss the subject, with greetings from Hamburg, Katinka
Texola Energy Provides Corporate Update
Monday June 12, 4:57 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 12, 2006--Texola Energy Corporation (OTCBB:TXLA - News) is pleased to announce the following corporate updates:
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Maverick Springs Prospect, Nevada, USA:
The ongoing development of Maverick Springs, covering some 120,000 +/- acres in Nevada, USA is proceeding on time and on budget.
The Maverick Springs Prospect is within the area where the Mississippian Clastics ranges from 3,000 to 5,000 feet thick. Cedar Strat's preliminary geologic mapping shows the Maverick Springs Prospect area is predominantly Pennsylvanian Age on the surface. This indicates that Mississippian Shale will be underlying the Pennsylvanian strata. All 50 million barrels of oil produced to date in Nevada, as well as Wolverines' recent .8Bbls Covenant Field discovery in Central Utah, have been typed to Mississippian source rocks. One of the intrigues of the Maverick Springs Prospect area that attracted the Company was the potential for both a Non-Conventional "fractured shale" play and a conventional "structural play."
The Company has now advanced a total of $700,000 of the $1,100,000 prospect fee owing to internationally renowned Cedar Start Corp., under its Participation Agreement relating to the Maverick Springs prospect. Of the remaining $400,000 to be paid by Texola, $100,000 is due within 30 days of delivery of a gravity model coinciding with the structural cross section and an additional $200,000 is due within 30 days of delivery of a second structural cross section with accompanying gravity model. The final $100,000 is payable at the time Texola permits its oil well for drilling.
Texola has been advised by Cedar Strat that its has already began the acquisition of the additional geological and geophysical information required by Texola relevant to the Maverick Spring Prospect and that all such data will be made available to Texola for study and analysis on a time is of the essence basis. All maps, data and graphs generated or purchased will be used for the efficient development of drill sites.
The data, information and services to be made available to Texola and provided by Cedar Strat in respect of the Maverick Springs Prospect will include the following:
Geologic mapping of select outcrops in and bordering the AMI
Biostratigraphic sample collection
Paleontologist analysis
Well Studies, 10 previous wells
Aeromagnetic and Gravity Surveys
Management of Prospect Development
Development of cross section, to follow a transect to be determined by Texola
Map production relating to the prospect area
Attempts to acquire and process Exxon Mobil Seismic Data
Negotiations with Cedar Strat on Newly Identified "West Ranch Prospect," Nevada, USA:
The Company is pleased to announce that it has entered into advanced negotiations with Cedar Strat on a newly identified oil prospect in Nevada, USA known to the parties as the "West Ranch Prospect." Based on preliminary information provided by Cedar Strat "that the prospect area is defined by a 15 mile long anticline, calculated potential of 7 billion barrels of oil. There are several thousand feet of closure to the anticline." The prospect will require the drilling of a 12,000 foot well or testing 1,000 of Mississippian siliciclastics.
Texola is excited by the opportunity to be working with Cedar Strat once again and to be finalizing negotiations with respect to its participation in the West Ranch Prospect.
General Corporate Matters:
Mr. Thornton Donaldson, the Company's President has advised the Company that he has recently resigned as President and a Director of Can West Exploration to allow for the addition of new management as Can West approaches the advanced stage of its development of its tar sands projects.
Can West is a publicly traded, Canadian Oil Company involved in the exploration and development of one of Canada's next world scale "tar sands" projects. Mr. Donaldson was instrumental in assisting and providing guidance to Can West in its early stages of development and is now in a position to assist Texola as it continues to pursue and develop its North American oil and gas related projects.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) Texola will fund its obligations under the Participation Agreement with Cedar Strat Corporation, and that the closing will occur based upon the terms and conditions set out in the Participation Agreement; (ii) Mississipian Shales underlie the Pennsylvannian strata as indicated by surface geological mapping; and (iii) the Maverick Springs Project contains Non-Conventional "Fractured Shale" play in addition to a conventional structured play; or that Cedar Stat will ultimately conclude an agreement with Texola relating to the West Ranch Prospect, or that the West Ranch prospect contains any hydrocarbons.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that any party to the Participation Agreement breaches the agreement and/or fails to proceed with the closing of the agreement; (ii) the risk that the Participation Agreement does not close for any reason; (iii) the inability of Texola to finance and pay the remaining funds required to close the Participation Agreement; (iv) the inability or the unwillingness of Texola to explore and develop the Maverick Springs Project following the closing of the Participation Agreement to confirm whether Mississipian Shales underlie the Pennsylvannian strata and to confirm that the property contains Non-Conventional "Fractured Shale" play in addition to conventional structured play; and (v) the risk that the preliminary geologic mapping of Cedar Strat Corporation is inaccurate and unreliable for any reason. These forward-looking statements are made as of the date of this news release and Texola assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Texola believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Texola's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
Contact:
Texola Energy Corporation
Gordon Nesbitt, 1-866-329-5488
info@texolaenergy.com
--------------------------------------------------------------------------------
Source: Texola Energy Corporation
Insider Buy of 2 million shares reported for 4/25. Any takes on this?
GO TXLA, The IceMan cometh..Me toooo
Resistance at 1.80!
from stockta
Support/Resistance
Type Value Conf
resist. 1.80 2
supp 1.36 4
supp 1.26 5
supp 1.11 3
supp 1.00 11
supp 0.90 3
supp 0.71 6
supp 0.60 2
supp 0.00 709
TXLA: Texola Energy Corp. - Operational Update on Nevada and Alberta Projects
Wednesday March 29, 9:00 am ET
VANCOUVER, British Columbia, March 29 /PRNewswire-FirstCall/ -- Texola Energy Corp. ("Texola" or the "Company") (OTC Bulletin Board: TXLA - News) is an emerging growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America.
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To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early stage exploration prospect in Nevada USA, and the second is an established production opportunity in Northern Alberta, Canada. Both of these projects offer the Company the potential to exploit and develop large world class reservoirs.
Maverick Spring Play - Nevada, U.S.
Texola Energy recently acquired a 100% working interest and an 80% net royalty interest in the 100,000 + acre Maverick Springs Prospect, Elko and White Pine Counties, Nevada USA. Cedar Strat will retain a back-in working interest of 15% after payout.
The Maverick Springs Prospect is a fractured shale play where Mississippian Antler foreland basin source and seal rocks are thick, rich and thermally mature. The Mississippian Antler foreland basin is part of the western North American Cordillera that extends from Alaska to Mexico. Some of the world's richest hydrocarbon source rocks were deposited in the Antler Basin. Much of the Basin was disrupted by Cretaceous Sevier thrust belt that created many oil and gas field structures and fractured the source rock shales.
Thrust belts and associated foreland basins contain approximately one -- quarter of the world's proven oil and gas reserves. Like Utah/Wyoming and central Utah portions of the Sevier thrust belt, the Nevada portion contains large folded structures and thrust fault traces, however the Mississippian source rocks of Central Nevada thrust belt are several times thicker and richer than the Cretaceous source rocks of central Utah.
Texola's Maverick Spring's prospect is believed to contain the potential for large compressional structures similar to those in thrust belts around the world. Surface mapping, gravity data and subsurface geology and aeromagnetic data were used to identify the Maverick Springs prospect area. From the data generated to date, one of the key elements supporting the world class potential for the Maverick Springs prospect is the thickness and richness of the source rocks. Cedar Strat's multi million dollar Regional Source Rock Study indicates that the Maverick Springs Prospect lie where the Mississippian Clastics are 3000- 5000 feet thick. The Cretaceous source rocks in the Utah/Wyoming thrust belt have generated many multi billion-barrel oil and gas equivalent fields and are only several hundred feet thick.
As with the Maverick Springs prospect, the thick, impermeable Mississippian shale provides the source, reservoir and seal for the fractured shale play and also the seal for large thrust fault duplex anticlines that are similar to the Utah/Wyoming, the newly discovered giant central Utah oil field, and Canadian portions of the thrust fault. Thrust duplexes were likely charged from Mississippian oil prone source rocks.
As with all large oil reserves, which require the simultaneous presence of source rock, reservoir rock and trapping structures, the Maverick Spring Prospect appears to offer all of these key elements required for substantial oil deposits. Based on information provided by Cedar Strat, the Maverick Springs prospect has estimated in place potential reserves of billions of cubic feet of gas and millions of barrels of oil, and could be as prospective as the Barnett Shale play in Texas.
Strategy For Exploitation
Cedar Strat will be conducting a detailed gravity survey for the Company over the Maverick Springs area in the Spring of 2006. The new gravity survey will provide the best data possible to model the structure of the prospect and to determine optimum drilling locations. The Company will also be undertaking further studies, including cross section generation to narrow the focus for drill site location and increase the likelihood of success.
The Chinchaga Prospect - Alberta, Canada
In keeping with the company's mandate to balance high value petroleum prospects with established production opportunities that enhance cash flow and asset value, Texola Energy earlier acquired a 10% interest in Suncor Energy's exciting Chinchaga prospect in Northern Alberta, with Suncor retaining 12.5% gross overriding royalty.
First identified by Suncor's prospect generation group, this prospect is close to a number of producing Slave Point fields, including the 450Bcf Cranberry Field, the 430Bcf Hamburg field and the 450Bcf Ladyfern field.
Under this farm-in arrangement (FIA) the company and its partners are participating in the cost of drilling an exploratory well on an 18,000 acre lease owned by Suncor Energy. By drilling the first well, the group will earn a 100% working interest in approximately 7,000 acres with an option to drill a second well in 2007 to earn a working interest in the exploration and exploitation of the remaining property.
A dolomitized Slave Point reef at a depth of approximately 8,900 feet, this prospect has been extensively surveyed by Suncor, including log analysis sample work on virtually all offsetting wells, seismic modeling, reprocessing and interpretation, and a complete 3D seismic survey covering the leases.
The Chinchaga well was spud on March 10th, and drilling has been initiated to 410 meters, at which point drilling was temporarily halted due to the early spring break-up. The well is expected to take approximately 18 days to drill to reach final depth. As a winter-only location, exploration is expected to recommence upon freeze up in late 2006.
Looks good....JMHO
Texola Energy Corp. - Operational Update on Nevada and Alberta Projects
VANCOUVER, British Columbia, March 29 /PRNewswire-FirstCall/ -- Texola Energy Corp. ('Texola' or the 'Company') (OTC Bulletin Board: TXLA) is an emerging growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America.
To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early stage exploration prospect in Nevada USA, and the second is an established production opportunity in Northern Alberta, Canada. Both of these projects offer the Company the potential to exploit and develop large world class reservoirs.
Maverick Spring Play - Nevada, U.S.
Texola Energy recently acquired a 100% working interest and an 80% net royalty interest in the 100,000 + acre Maverick Springs Prospect, Elko and White Pine Counties, Nevada USA. Cedar Strat will retain a back-in working interest of 15% after payout.
The Maverick Springs Prospect is a fractured shale play where Mississippian Antler foreland basin source and seal rocks are thick, rich and thermally mature. The Mississippian Antler foreland basin is part of the western North American Cordillera that extends from Alaska to Mexico. Some of the world's richest hydrocarbon source rocks were deposited in the Antler Basin. Much of the Basin was disrupted by Cretaceous Sevier thrust belt that created many oil and gas field structures and fractured the source rock shales.
Thrust belts and associated foreland basins contain approximately one -- quarter of the world's proven oil and gas reserves. Like Utah/Wyoming and central Utah portions of the Sevier thrust belt, the Nevada portion contains large folded structures and thrust fault traces, however the Mississippian source rocks of Central Nevada thrust belt are several times thicker and richer than the Cretaceous source rocks of central Utah.
Texola's Maverick Spring's prospect is believed to contain the potential for large compressional structures similar to those in thrust belts around the world. Surface mapping, gravity data and subsurface geology and aeromagnetic data were used to identify the Maverick Springs prospect area. From the data generated to date, one of the key elements supporting the world class potential for the Maverick Springs prospect is the thickness and richness of the source rocks. Cedar Strat's multi million dollar Regional Source Rock Study indicates that the Maverick Springs Prospect lie where the Mississippian Clastics are 3000- 5000 feet thick. The Cretaceous source rocks in the Utah/Wyoming thrust belt have generated many multi billion-barrel oil and gas equivalent fields and are only several hundred feet thick.
As with the Maverick Springs prospect, the thick, impermeable Mississippian shale provides the source, reservoir and seal for the fractured shale play and also the seal for large thrust fault duplex anticlines that are similar to the Utah/Wyoming, the newly discovered giant central Utah oil field, and Canadian portions of the thrust fault. Thrust duplexes were likely charged from Mississippian oil prone source rocks.
As with all large oil reserves, which require the simultaneous presence of source rock, reservoir rock and trapping structures, the Maverick Spring Prospect appears to offer all of these key elements required for substantial oil deposits. Based on information provided by Cedar Strat, the Maverick Springs prospect has estimated in place potential reserves of billions of cubic feet of gas and millions of barrels of oil, and could be as prospective as the Barnett Shale play in Texas.
Strategy For Exploitation
Cedar Strat will be conducting a detailed gravity survey for the Company over the Maverick Springs area in the Spring of 2006. The new gravity survey will provide the best data possible to model the structure of the prospect and to determine optimum drilling locations. The Company will also be undertaking further studies, including cross section generation to narrow the focus for drill site location and increase the likelihood of success.
The Chinchaga Prospect - Alberta, Canada
In keeping with the company's mandate to balance high value petroleum prospects with established production opportunities that enhance cash flow and asset value, Texola Energy earlier acquired a 10% interest in Suncor Energy's exciting Chinchaga prospect in Northern Alberta, with Suncor retaining 12.5% gross overriding royalty.
First identified by Suncor's prospect generation group, this prospect is close to a number of producing Slave Point fields, including the 450Bcf Cranberry Field, the 430Bcf Hamburg field and the 450Bcf Ladyfern field.
Under this farm-in arrangement (FIA) the company and its partners are participating in the cost of drilling an exploratory well on an 18,000 acre lease owned by Suncor Energy. By drilling the first well, the group will earn a 100% working interest in approximately 7,000 acres with an option to drill a second well in 2007 to earn a working interest in the exploration and exploitation of the remaining property.
A dolomitized Slave Point reef at a depth of approximately 8,900 feet, this prospect has been extensively surveyed by Suncor, including log analysis sample work on virtually all offsetting wells, seismic modeling, reprocessing and interpretation, and a complete 3D seismic survey covering the leases.
The Chinchaga well was spud on March 10th, and drilling has been initiated to 410 meters, at which point drilling was temporarily halted due to the early spring break-up. The well is expected to take approximately 18 days to drill to reach final depth. As a winter-only location, exploration is expected to recommence upon freeze up in late 2006.
Notice Regarding Forward Looking Statements
This news release contains 'forward-looking statements,' as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the statement and/or claim that: (i) the Company will be successful in providing shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America; (ii) the Nevada and Alberta projects offer the Company the potential to exploit and develop large scale world class reservoirs; (iii) the Maverick Springs prospect contains the potential for large compressional structures similar to those in thrust belts around the world; (iv) the Maverick Springs prospect offers the required elements for substantial oil deposits, including the presence of source rock, reservoir rock and trapping structures; (v) the estimate that the Maverick Springs prospect has potential reserves of billions of cubic feet of gas and millions of barrels of oil, and that such reserves could be as prospective as the Barnett Shale play in Texas; (vi) Cedar Strat will conduct a detailed gravity survey for the Company over the Maverick Springs area in the spring of 2006; (vii) the gravity survey will provide the best data possible to determine the optimum drilling locations; and (viii) further studies, including cross section generation to narrow the focus for drill site location, will increase the likelihood of success.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties associated with oil and gas exploration; (ii) changes in reserve estimates if any; (iii) the Company's inability to finance its operations and growth; (iv) the inability to obtain all necessary government and regulatory approvals; (v) changes in the operating costs, changes in general economic conditions and conditions in oil and gas exploration; (vi) the risk that the Company's property interests (and the interests of those it has entered into agreements with), and the borders of such property interests, are disputed by other parties; and (vii) the data and proprietary information from third parties on the Chinchaga Project and the Maverick Springs Play are based on inaccurate or incomplete sources and information. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward- looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's annual report on Form 10-KSB for the 2004 fiscal year, the Company's quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Texola Energy Corp.
Source: PR Newswire (March 29, 2006 - 9:01 AM EST)
News by QuoteMedia
www.quotemedia.com
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Stock Technical Analysis
TXLA Intraday Analysis
Symbol Last Trade Date Change Open High Low Volume
TXLA 1.55 Mar-24-2006 0.10 1.5 1.55 1.41 571,400
Overall Short Intermediate Long
Very Bullish (0.51) Bullish (0.44) Very Bullish (0.58) Very Bullish (0.50)
Support/Resistance
Type Value Conf.
resist. 2.26 1
supp 1.39 4
supp 1.25 3
supp 1.00 11
supp 0.74 5
supp 0.61 5
supp 0.48 2
supp 0.00 741
Chart Indicators
Ind. short Inter Long
EMA VBu VBu VBu
MACD VBu VBu VBu
RSI Bu
TDD Bu
Fibs VBu VBu VBu
Highs N N N
Lows VBu VBu N
Trends VBu N N
Stoch. N
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish
TXLA: Acquisition of Oil and Gas Leases in Nevada
Texola Energy Corp. (TXLA) announced that under its Participation Agreement with Cedar Stat Corp., the Company has acquired approximately 102,000 acres of oil and gas leases know as the "Maverick Spring Prospect" which spans the borders of Elko and White Pine Counties, Nevada. Under the terms of the Participation Agreement, Texola will have a 100% working interest and an 80% net revenue interest in the Maverick Spring Prospect. Cedar Strat will retain a back-in working interest of 15% after payout. Texola is to pay Cedar Strat a total Prospect Fee of $1.1 million of which $100,000 has already been advanced, with the balance to be paid on or before April 14, 2006.
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