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If only more people knew about this gem. Float less than 1M - unreal!
.20, .88, 1.00 so thin
Me, too.
Crazy spread now: .032 x .20
agree, i'll be here
I took what I could get at .05 and still have some left on the bid now.
This summer would be a great time to bring some awareness with oil expected to go through the roof.
probably won't last
I noticed that - gonna try to grab any .05s I can at the open.
Funny....I've been thinking that for several years......IMO they had their chance when there was actually a suitor and oil was screaming..
patience pays $$$$$$$$$
I agree. Might not happen tomorrow, but someday.
yes, they've been involved in other companies, maybe something happens here. worth a shot to me at these prices
I just know Dan and Tariq have a history of running stocks. First ESFS, then WNRC (and that one should go again) and this one could be next.
yup, farmout agreement w/ a NYSE company got my attention a lil while ago
Thanks. This one will have its day I'm sure - I've been watching it for quite awhile, so those .04s were a welcome sight this morning.
Had to grab those to get a starter here.
was wondering how long it would take for someone to snatch those .04's
not a bad one either
Just seeing how WNRC got financed. C'mon over to WNRC.
peeps been checking out the website:
http://www.pemc.us/index.html
was wondering how long it would take for someone to snatch up those .06's
true. not holding my breath, but i never say never w/ these penny stocks
Unfortunately, neither the company nor the stock has performed (to the benefit of common shareholders) when oil prices have risen in the past.
IMO the company should be shopping a sale of their assets when oil prices are high, to either domestic or foreign suitors.
There is no benefit to shareholders if PEMC's oil is simply pumped out of the ground bit by bit. That might benefit a few (salaried employees of the company?), but it hasn't done anything for the bulk of shareholders in the past three years.
I wouldn't hold my breath for that $1.00......
i've seen companies worth zero go to $1.00/share. now that oil is $92+/barrel and probably going higher, PEMC may actually have something that someone sees value in, jmo
Would like to believe that move would be based on reserves / book value rather than illiquidity.....
But I sure hope you're right.......definitely looking for an exit here.
I can`t call to broker is too long time!
WoW, PEMC = Thnx!
.07 +40% .061 x .20 small volume. this could easily get back to .50-1.00 range, imo
i haven't sat down and actually tallied up everything. i think if tariq wants PEMC to be taken seriously, they'll need to post current financials, jmo. (maybe that is being worked on). i don't see PEMC updating their website, releasing news, etc. for no reason; maybe this is an attempt to get the ball rolling here.
this is a speculation play for me
Any luck figuring out what the book value of the company is?
Current reserves, proven & unproven, gas & oil?
Tariq seems to be quite happy with WNRC.....wish he'd put in his time for PEMC shareholders instead.
PEMC website updated with a short video download link and prior press releases are now listed, fwiw
i've learned never to say never w/ these plays ;)
Don't hold your breath based on past performance - this bunch is not interested in getting the stock price on par with book value....
website is being updated, now all we need is the stock price to be up, lol
i e-mailed mr. ahmad with those questions yesterday, here is his response, fwiw:
Go to pemc.us for the financial
Interesting bio....sorta helps connect the dots.
Not too long ago, PEMC (Tariq Ahmad, president, Dan Green Vice President) bought Colorado Utah Natural Gas (Tariq Ahmad, founder, Dan Green, Secretary) with 12M PEMC shares. Dan Green also runs WNRC, which not too long ago purchased Satview Broadband (Tariq Ahmad, President) and NgenSolutions (Tariq Ahmad and Dan Green, directors) for 5M shares of WNRC. Since that time, PEMC has bought WNRC shares, calling them "an investment".
The game seems to be to use PEMC as the cash cow for all these other things Tariq and Dan are involved in, with no regard at all for any other PEMC shareholders. The company has been dark for 3+ years on financials, and has also refused to update their reserves numbers of oil & NG, which used to be the gem here. I think retail shareholders here have seen a little bit of everything from these guys in the past three years: acquisitions, a "pretend" sale of assets, more acquisitions, more "farmout" agreements.......and yet the stock remains mired below a dime a share.
Can you tell me what the company's remaining assets are worth? Can you tell me what their cash flow is?
I can't tell from the recent PRs - looks like more Nevada bullsh*t to me.
Pacific Energy owns interests in the Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil wells in the Greater Cisco Field and the Greentown Fields in Grand County, Utah.
Pacific Energy Announces the Acquisition of Assets in the Paradox Basin
RENO, NV--(Marketwire - Aug 30, 2011) - A group led by Entrada Enterprises LLC, a Nevada corporation, has acquired 100% of the assets of Delta Petroleum Corporation of Denver, Colorado, in Grand and Emery Counties, Utah. The assets include approximately 43,000 gross acres of oil and gas leases, gathering lines, power plant, gas processing plant and interests in four wells. Pacific Energy & Mining Company (PINKSHEETS: PEMC) is the operator of the properties.
About Pacific Energy
Pacific Energy owns interests in the Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil wells in the Greater Cisco Field and the Greentown Fields in Grand County, Utah.
Disclaimer
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.
Contact Information
Contact:
Pacific Energy and Mining
(775) 852-7444
Pacific Energy & Mining Company Announces Farmout Agreement
Press Release Source: Pacific Energy & Mining Company On Wednesday September 14, 2011, 6:30 am EDT
RENO, NV--(Marketwire -09/14/11)- Pacific Energy & Mining Company announces that it has entered into a Farmout agreement with QEP Resources Inc. for its acreage in Uintah County, Utah. Pursuant to the terms of the Farmout Agreement, QEP Resources Inc. is to drill a horizontal well to test the Greenriver formation. Pacific Energy & Mining Company will be carried on the test well. Pacific Energy & Mining Company (Pinksheets: PEMC.PK - News) is the operator of the properties.
About Pacific Energy
Pacific Energy owns interests in the Greater Cisco Oil Field, the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim Oil Field. Pacific Energy Operates oil wells in the Greater Cisco Field and the Greentown Fields in Grand County, Utah.
Disclaimer
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.
Contact:
Pacific Energy and Mining
(775) 852-7444
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l 954 360 9998
US 866 360 9998
Shares Outstanding 23,654,287 a/o Aug 31, 2010
Float 967,273 a/o Mar 30, 2007
Authorized Shares 100,000,000
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