Pacific Energy & Mining Co (PEMC)

[Lime Time]

That's weird.

[ejobkar]

Key contacts for those interested :)

[e-mail] (OTCmarkets.com)

[e-mail]

[ejobkar]

Well that was short-lived Douglas!!

[ejobkar]

Who is Douglas Disanti and his background? hmmm

Source:
https://www.linkedin.com/in/douglas-disanti-mba-55087333

[ejobkar]

Bazlett Corporation has a lot of subsidiaries...hmmm

You can see Disanti and the other/past controlling officers of NBCO (OTC) from their last annual report on 4/15/2021 align with Bazlett Corporation's current officers.



Florida SOS: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults/EntityName/Bazelet/Page1?searchNameOrder=BAZELET



https://bazeletcorp.com/locations/

[ejobkar]

Reverse Merger into the MJ sector??? Yes, maybe??

Disanti has many MJ Entities resolving around the MJ sector...hmmm

Source: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults/RegisteredAgentName/DISANTI%20DOUGLAS/Page1

[ejobkar]

Grassroots Advisory is in Active Status in the FL SOS!!!

[ejobkar]

Custodian Play for 5/19...

[Sobek]

Nice day...

[Sobek]

A couple good slaps and bet it see's .10+

[Walker]

I'm still adding so lets take them all!

[Sobek]

Maybe 2-300k shares at most imo

[Walker]

Buying continues - not much float left it seems.

[Sobek]

Could get explosive once the buyers decide no more sellers... most of this tiny float prob already locked up imo

[Walker]

Def. some buyers in here and mo real selling. Setting up nicely with this tiny float.

[Sobek]

L2 Snapshot...seconds before CSTI hid the bid w/10k...

[Sobek]

Big ole bids in today, someone bidding half the float @ .03 was it?

[Walker]

Looking great. Could really have something here.

[Sobek]

Last fins reflect $8.6 million in shareholder equity...

Last NVSOS filing from April 2019 showing an amended list.... looks like Dan Green may have retired and Tariq Ahmad who's been w/ the company since 1988, took the helm.

This could be the start of something big...

https://backend.otcmarkets.com/otcapi/company/financial-report/11863/content

[Sobek]

Company been around since 1979 w/ no r/s history & Active NVSOS

[Walker]

Hasn't really traded in years - with news/updates could see much higher.

[Sobek]

Keeps going, could see .20+ imo

[Walker]

Something is def. up. Record volume out of nowhere 2 days ago and buying continues.

[Sobek]

$PEMC up 157%! 967k share float!

[Walker]

Waking up here.

[trueblood786]

Energy Drilling in Chapter 7. Pacific Lawsuit against ED is stayed

[trueblood786]

Liquidation Trustee appointed for Energy Drilling LLC

[trueblood786]

Energy Drilling was put into liquidation and a Trustee appointed great news for justice

[trueblood786]

Energy Drilling LLC, the drilling contractor on the last well drilled by Pacific filed for bankruptcy protection in the state of Utah

[trueblood786]

APD

[trueblood786]

Applied for apd

[trueblood786]

Brennan bottoms

[trueblood786]

Greentown

[trueblood786]

Operations in Cisco

[trueblood786]

Prices dropping ?

[trueblood786]

Price of oil is finally stabilizing

[trueblood786]

Pacific finished testing the 32-421A well for casing. Halliburton ultrasonic tools determined cement quality and cross-flow

[trueblood786]

Pacific won against it drilling contractor and the contractor filed Ch-11

[trueblood786]

Pacific Won. It runs the pipeline and has the right as decided by the court to ask for insurance and bonds

[nostromo2187]

Pacific at it again. In addition to the numerous lawsuits Pacific is involved in, now they are in dispute with their pipeline.

I would think any returns are going into legal fees.

Contract dispute leads to gas flaring near airport

http://www.moabsunnews.com/news/article_c03395ac-0d4d-11e6-88e6-734702b161fb.html

[monda2frida]

.1155 +285% oil exploration stocks hot lately

[lytnup]

IMO the stock price was supported by paid brokers just long enough to complete the CUNG acquisition, which has allowed them to complete a couple of farmouts that generate enough revenue for their salaries and other things they may choose to invest in (like maybe common stock in another company that 1 of them is in charge of)

The value for investors here has always been the potential of a buyout, since the value of the reserves far exceeded the market cap....but the owners have shown no interest in pursuing that seriously.

there is no evidence that anything has changed that would make this an attractive speculative investment.

[monda2frida]

true; this is a speculative investment for me. it was in the .50-.80 range years back w/ no dilution that i can see since then-i'd be very happy seeing .50+ here again

[lytnup]

PEMC owns a lot of things, but can only do 3 things that will benefit all shareholders ( and not just some, as has been the case for the last 4 years ) :

1). be acquired - hasn't happened, no indication that it will happen

2). distribute earnings to shareholders - hasn't happened, highly unlikely that it ever will

3). buyback common stock with proceeds from oil and gas sales - hasn't happened, unlikely to happen in the future .

the company has been dark for 3 years, has not made material information public, is delinquent on its filings, and makes no attempts to keep it share holders informed.

it is controlled by a couple of guys that have their hands in a number of other nano cap stock companies, and they answer to no 1 but themselves.

until that changes, this has been, and remains, a lousy investment.

[monda2frida]

Salt Valley Oil Field

Pacfic Energy operates the Salt Valley Field under contract with the working intrests owners.

[monda2frida]

Greentown Gas Condensate Field

Pacific Energy Operates the Greentown field under contract with the working interests owners.

[monda2frida]

Cedar Rim Oil Field

Pacific owns a non operated working intrest in the field. The Field is operated by El Paso Exploration and Production Company. The wells produce from the greenriver formation at 10,000 to 13,000 feet.

[monda2frida]

Brennan Bottoms Oil Field

Pacific Energy Owns a non operated working interest in the Brennan Bottoms Oil Field. The field
consists of approximatley 1600 acres and is operated by Mar/Reg Oil Company and QEP
Exploration Inc. Additional develpment of the field is to take the place through horizontal
drilling to develope the reservoir. Two horizontal wells have been drilled to delineate
the field.

[monda2frida]

Pacific Energy operates 13 oil and gas wells on approximatley 1320 acres.Pacific operates 5 oil and gas wells in the Cisco Town Site Field.

[monda2frida]

http://www.pemc.us/index.php?option=com_k2&view=item&layout=item&id=43&Itemid=484