PrimeGen Energy Corp. (PGNE)

[B402]

cause its a scam

[mdfyinvestor]

Why is the pgne stock price so low if it's producing so much oil ?

[alien42]

great day for PGNE, hopefully this volume will continue.

[alien42]

PrimeGen Energy Closes 2009 on High Note by Setting Oil Production Record of 1,745 bpd

"01/04/10 -- PrimeGen Energy Corp. (PINKSHEETS: PGNE) released new production figures as of December 31, 2009 resulting from the recent completion production of ten wells in the Timan-Pechora field and one well in Rodnikovskogo project. The Company achieved total average daily production of 16,550 bpd during the month and reached a production high of 17,340 bpd on December 28, 2009

On November 10, 2009, the Company commenced commercial oil production of Kochmesskoye #8 well with production results for the first 15 days at an average daily rate of 1,590 barrels per day. On November 26, 2009, Kochmesskoye #9 commenced production with results for the first 24 days at an average daily rate of 1,620 barrels per day. On December 17, 2009, Kochmesskoye #10, the tenth well of the project was drilled and completed and resulted in setting a new production record for the field of 1,745 barrels per day. PrimeGen currently has ten wells in Timan-Pechora field producing at full capacity for a total of 13,937 barrels per day and one well in its Rodnikovskogo project producing 2,620 barrels per day

The Timan-Pechora project 2010 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. The Rodnikovskogo project 2010 development program calls for the drilling of a minimum of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000 barrels per day. It is estimated that these two projects could yield the Company a daily production rate of over 150,000 barrels per day. Using current pricing for crude oil in the region, PrimeGen has confirmed that all producing wells have generated $97.1 million in revenue or a projected $420 million per year

In Addition, PrimeGen's Board of Directors formed a Committee to implement its plan to list its stock on the Over the Counter Bulletin Board (OTCBB)

Robert Charlton, PrimeGen's CEO, is leading the OTCBB listing effort

PrimeGen's OTCBB goals are to apply by March 31, 2010. PrimeGen's listing on the OTCBB is subject to its listing requirements and standards. These include, but aren't limited to, share price and shareholder equity. There is no guarantee PrimeGen will qualify for or be accepted by the OTCBB for listing on its exchange

Robert Charlton, CEO of PrimeGen, said, "We are a fully reporting Pink Sheets public company and have made a major effort to ensure we file our financial reports on time. We have been planning to list our shares on the OTCBB and expect our OTCBB application will be filed within 90 days."

[alien42]

PGNE is tasty at .10

[alien42]

PrimeGen Energy Announces Spudding of Well "Rod 10-22" in Rodnikovskogo

"12/08/09 -- PrimeGen Energy Corp. (PINKSHEETS: PGNE) wishes to advise that on November 30, 2009 it successfully commenced drilling the "Rod 10-22" well in Rodnikovskogo, Russia and is estimated to reach a target depth by Monday, December 14, 2009.

The Rod 10-22 well is the second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000 barrels per day. The first well of the project was drilled and completed on November 25, 2009, and resulted in setting a production record for the field of 2,620 barrels of oil per day. Using current pricing for Rodnikovskogo crude oil, PrimeGen has confirmed that the Rod 10-21 well alone has generated $2.7 million in revenue or a projected $71.7 million per year. Currently, oil at Rodnikovskogo has been priced at over $75.00 per barrel.

The property is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia, one of the most significant oil and gas regions in the country with advanced infrastructure and more than 60 years of oil and gas production history. Saratov lies in the European part of Russia and borders Kazakhstan, the largest oil producing country in Central Asia. The property covers an expansive area of approximately 250 sq. km.

Continuing 3D seismic data collection and analysis of the property is scheduled for 2010 and will be running concurrently with the drilling program. Several additional high potential drill targets have already been identified and will be further defined and evaluated for feasibility during the next phase of work on the property. The license is within a highly prospective region with existing oil production on adjacent licenses and the super-giant THK-BP gas field."

[aaron21]

man someone is just taking a dump all over this stock right now

[aaron21]

looks very nice... good job!

[Californicator]

Whats up over here TSG???

[ThatStockGuy]

Sign Up for PGNE Newsletter:
http://investorshub.advfn.com/boards/chairmail_sub.asp?board_id=9150

[ThatStockGuy]

iBox updated

[watchnsee]

Another "Good" News Release....

Yet no sustained stock price increases.... Such is the story for PGNE and all the other companies before her, which have been run by this group. For once, I would like to see these guys prove me wrong. Good Luck to all who venture into this water, for you are swimming with sharks.

[aaron21]

10 Mill re-purchase of common Stock
PrimeGen Announces Stock Repurchase Plan for Up to $10 Million
Monday 11/23/2009 4:54 PM ET - Market Wire

Related Companies
Symbol Last %Chg
PGNE 0.08 -6.98%

As of 3:55 PM ET 11/23/09
PrimeGen Energy Corp. (PINKSHEETS: PGNE) ("PrimeGen" or the "Company") today announced that its Board of Directors has approved a stock repurchase plan. The repurchase of up to $10,000,000 of the Company's common stock was authorized.

Robert Charlton, the Company's President, said, "We are very pleased to announce this repurchase program at a time when we believe our stock is undervalued and expect a benefit to shareholders with increased future earnings per share by reducing the number of shares outstanding. This program reflects the Board of Directors' continued confidence in the Company and commitment to enhance shareholder value. Our shareholders have been and continue to be our most important asset and rewarding them is a high priority.

"We have been astounded by the sharp decline in our share price over the past several months. Nevertheless, we believe PrimeGen's share price has become significantly undervalued. That view is based on our assessment of the oil & gas market over the next few years. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity."

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. Shares may be purchased in the open market, including through block purchases. PrimeGen will not repurchase any shares from directors, officers or other affiliates of PrimeGen. Purchases will be funded by the revenue from the Timan-Pechora Project. Plan will continue as long as periodic management reviews it to be fiscally feasible and may be discontinued at any time.

About PrimeGen Energy Corporation

PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act 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.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. 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 consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission Corp.

Contact:
Robert Charlton
President
PrimeGen Energy Corp.
[e-mail]


SOURCE: PrimeGen Energy Corp.

mailto:[e-mail]

[alien42]

PrimeGen Energy Strikes Oil in New Rodnikovskogo Field With Initial Production Averaging 2,620 Barrels per Day

"11/30/09 -- PrimeGen Energy Corp. (PINKSHEETS: PGNE) ("PrimeGen" or the "Company") today announces the initial production for the Rod 10-21, the first well at the Company's Rodnikovskogo, Russia, property. The well commenced commercial oil production on November 25, 2009, and the Company has received production results for the first 6 days. Total oil produced and sold was 15,720 barrels with an average daily production rate of 2,620 barrels per day.

The Rod 10-21 well is the first of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000 barrels per day.

Using current pricing for Rodnikovskogo crude oil, PrimeGen has confirmed that the new well alone has generated $1.2 million in revenue or a projected $71.7 million per year. Currently, oil at Rodnikovskogo has been priced at over $75.00 per barrel.

The property is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia, one of the most significant oil and gas regions in the country with advanced infrastructure and more than 60 years of oil and gas production history. Saratov lies in the European part of Russia and borders Kazakhstan, the largest oil producing country in Central Asia. The property covers an expansive area of approximately 250 sq. km.

Continuing 3D seismic data collection and analysis of the property is scheduled for 2010 and will be running concurrently with the drilling program. Several additional high potential drill targets have already been identified and will be further defined and evaluated for feasibility during the next phase of work on the property. The license is within a highly prospective region with existing oil production on adjacent licenses and the super-giant THK-BP gas field."

[beerguytx]

EXCELLENT NEWS! Here we GO....

[alien42]

great news, at .08 that is over half the O/S

also nice to see PGNE going from Caveat Emptor to Pink Sheets.

[alien42]

"As of September 30, 2009. The Company had 233,090,000 shares of its Common Stock outstanding with 7 stockholders of record. Of this amount 35,590,000 shares were freely tradable and 197,500,000 shares are “restricted securities” as that term is used under the Securities Act of 1933. PrimeGen is currently authorized by the Articles of Incorporation of the Company to issue 1,500,000,000 number of common stock with .001 par value. The Company has 2,478 beneficial stockholders."

The party acting as the transfer agent for PGNE is:
Pacific Stock Transfer Co.
500 E. Warm Springs Road, Suite 240
Las Vegas, NV 89119
Tel: [phone]
Fax: [phone]



"The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of PrimeGen common shares underlying the Debenture at $.50 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of PrimeGen common shares equal to 50% of the number of common shares underlying the debenture, at $.35 per share. The Series C Warrant has a 7-year term and has an exercise price of $.45 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
The Company has the right to force the Series A warrant holders to exercise their warrants if PrimeGen's stock price exceeds $.80 per share. PrimeGen has the right to force the Series B warrant holders to exercise their warrants if PrimeGen's stock price exceeds $.50 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert."





*18 boardmarks

[oose]

10 Mill re-purchase of common Stock
PrimeGen Announces Stock Repurchase Plan for Up to $10 Million
Monday 11/23/2009 4:54 PM ET - Market Wire

Related Companies
Symbol Last %Chg
PGNE 0.08 -6.98%

As of 3:55 PM ET 11/23/09
PrimeGen Energy Corp. (PINKSHEETS: PGNE) ("PrimeGen" or the "Company") today announced that its Board of Directors has approved a stock repurchase plan. The repurchase of up to $10,000,000 of the Company's common stock was authorized.

Robert Charlton, the Company's President, said, "We are very pleased to announce this repurchase program at a time when we believe our stock is undervalued and expect a benefit to shareholders with increased future earnings per share by reducing the number of shares outstanding. This program reflects the Board of Directors' continued confidence in the Company and commitment to enhance shareholder value. Our shareholders have been and continue to be our most important asset and rewarding them is a high priority.

"We have been astounded by the sharp decline in our share price over the past several months. Nevertheless, we believe PrimeGen's share price has become significantly undervalued. That view is based on our assessment of the oil & gas market over the next few years. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity."

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. Shares may be purchased in the open market, including through block purchases. PrimeGen will not repurchase any shares from directors, officers or other affiliates of PrimeGen. Purchases will be funded by the revenue from the Timan-Pechora Project. Plan will continue as long as periodic management reviews it to be fiscally feasible and may be discontinued at any time.

About PrimeGen Energy Corporation

PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act 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.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. 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 consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission Corp.

Contact:
Robert Charlton
President
PrimeGen Energy Corp.
[e-mail]


SOURCE: PrimeGen Energy Corp.

mailto:[e-mail]

[pgne]

if the new well at rodnikovskogo is a success, there should be no reason for stocks to rise tremendously,if not pgne is a farce.

[oose]

Not really sure...I have been in this stock since May....
Watching and waiting...we are finally starting to get some good action hear ever since they posted on PINK Sheet and it is only going to get better with the two different locations they are going to be drilling in.
If you are not followwing Yahoo message board I suggest you do.
Good Luck

[pgne]

Who is driving PGNE stocks down all the time?

Is it company insiders?

anybody nows?

[oose]

Peolpe are starting to notice...

[momentum74]

Just bought some PGNE

[watchnsee]

Funny how this stock never goes up and positive news has a negative effect on share value. Maybe some day the people running this company will actually deliver for the company and shareholders, and grow it. Until the revenues actually make it in to the company and are not syphoned off, this company will always remains a farce.

Too bad we can't run the Russian directors associated with this company. It would be interesting to find out if any have criminal ties.

[oose]

Here you go
BRIDGEWATER, NJ--(Marketwire - 11/16/09) - PrimeGen Energy Corp. (Pinksheets:PGNE - News) ("PrimeGen" or the "Company") today announces the initial production for the Kochmesskoye # 7 well at Timan-Pechora, Russia. The well commenced commercial oil production on October 26, 2009, and the Company has received production results for the first 20 days. Total oil produced and sold was 28,840 barrels with an average daily production rate of 1,442 barrels per day.

Related Quotes
Symbol Price Change
PGNE.PK 0.09 0.00


The Kochmesskoye # 7 well is the seventh of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. The fourth well of the project was drilled and completed on August 24, 2009, and resulted in setting a new production record for the field of 1,670 barrels of oil per day. In addition, well numbers 1 through 6 are producing at full capacity.

Using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $2.0 million in revenue or a projected $36.8 million per year. Currently, oil at Timan-Pechora has been priced at over $70.00 per barrel.

You can also go to.....http://finance.yahoo.com/q?s=PGNE.PK
GLTA

[jellicorse]

Where can we find info about Well #7? I haven't seen anything reported.

[oose]

Result from Well #7....They keep drill'em and the black gold keeps a comin....
Guys this is an accelerated progam here... and also the
Rodnikovskogo Project Drilling is Commencing
So not only one FIELD but we have TWO FIELDS.
GLTA

[oose]

WELL #7 Drilled Results Monday
This baby is going to keep climbing.
Anybody new on this better read pst post and Yahoo Message board.
Also, read the pinksheets it has been updated and the caveat emptor is gone.
GLTA

[zinn21]

Watch, I know exactly what you are saying. I did a tremendous amount of DD on this company and can only tell you that a few characters previously associated with this company have a very shady past. One in particular was a primary shareholder, William Marshall Scott, who no longer is reported as a major shareholder.

PGNE was one of those reverse shell mergers and perhaps Scott was a residual remainder of the old regime. With Scott out of the picture I find nothing unscrupulous with current management other than they were very unresponsive and not current on Financials or investor concerns. With the submission of their quarterly report, a responsive investor relations and current "Good Standing Pink Sheets" status, I can only conclude that this is a start up who hit the "Black Gold" mother lode and is currently a highly undervalued spec stock with tremendous upside potential. Where can you pay pennies a share with verifiable numbers this company reported? This is a Strong Buy...

[watchnsee]

Zinn, congradulations on your 300% return. I hope Primegen proves me wrong. I don't think it will, but time will tell.

[zinn21]

The smell of money never takes long. Watch this move in the next few weeks.. I bought a bunch of shares @ .08 and couldn't believe it Thursday.

Originally got in @ .02 and got out on a run when I thought it was a scam. So did many others. That's when PPS dropped. But PGNE ended up an unorganized bunch focused only on drilling. Now they are catching the world up on what the hell they've got and what they have is a bunch of oil... Recently released Financials are game, set, match. This is a multi dollar stock beaten down by investor fear. This will run like a stampede up the Chisholm Trail....

[watchnsee]

BEWARE - Things to consider with PGNE.

First, realize that this company PrimeGen is associated with people who helped ring up huge losses for investors at four different "energy companies". Those being Caliber Energy, Silver Star Energy, Fidelis Energy & Cascade Energy. Do the research yourself people. If you want to educate yourself, look up the companies and see what happened to them. Look up the names William Marshall, David Naylor, Robert McIntosh and Robert Charlton and connect the dots. If you continue to invest in PrimeGen, realize that probably only a few of you will make money in the short term and probably none of you in the long term. The business model for this company is the same as the others.

If the recent pinks sheet filings are true, all the money generated with this company will be on paper and will all be siphoned off to other companies associated with "capitalizing" this company. The PR's will generate an upward stock price in the short term, but the company will not be growing and in the long hall the price will collapse. The insiders will take your money and that will be the end of it.

BUYER BEWARE!!

[zinn21]

I'll agree..

[Zoom-Zoom-Away]

.10 breaks and I think .50 for Thanksgiving.

[zinn21]

This stock is now an official steal. They are pumping oil made 6 million net revenues last quarter and are now transparent and credible. Buy like hell at these prices...

[oose]

Really awesome news on Pink Sheets
CAVEAT EMPTOR warning is removed!!!!!

[Zoom-Zoom-Away]

Remember HEMI .03>.90? PGNE is HEMI on roids soon~skyrockets on .10 break

[Zoom-Zoom-Away]

PGNE .08 not for long-Producing 7720 BPD>

Started fileing financials @ pinksheets too/Quick info below>

BRIDGEWATER, NJ--(Marketwire - 10/28/09) - PrimeGen Energy Corp. (Pinksheets:PGNE - News) ("PrimeGen" or the "Company") released new production figures as of October 28, 2009 resulting from the recent completion production of six wells in the Timan-Pechora field. The Company achieved total average daily production of 7,720 bpd during the month. The lowest production was 2,050 bpd on August 2, 2009 and the highest production was 8,150 bpd on October 19, 2009.

The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. Using current pricing for Timan-Pechora crude oil, PrimeGen has now projected that the 6 wells have generated over $35.4 million in revenue or $192.6 million on an annual basis. Currently, oil at Timan-Pechora has been priced at over $70.00 per barrel.

About PrimeGen Energy Corporation

PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

Independent confirmation of Co operations>
Co phone #[phone]
Posted by: spankee Date: Tuesday, October 06, 2009 11:22:35 AM
In reply to: None Post # of 190

I found this report not generated by primegen, scroll dow to table 2 and see the acquisition of the drilling rig.
http://www.arujigate.com/pdf/sep_2009.pdf

another threaed here scroll down to european mid-market deals, listed under the energy section the deal is mentioned again
http://www.aqm-e.com/PDFS/AM/MiddleMarket10Aug.pdf


PrimeGen Awarded Layevozhskoye License in Russia
BRIDGEWATER, NJ--(Marketwire - 11/04/09) - PrimeGen Energy Corp. (Pinksheets:PGNE - News) ("PrimeGen" or the "Company") announced today that its wholly owned Russian subsidiary Verkhne Michayu Group ("Verkhne") has been awarded the Layevozhskoye oil and gas exploration license in the Baltic Basin in Western Russia.
The vast majority of the area of the Baltic basin is under license or under application by numerous domestic and international companies. This award therefore gives PrimeGen access to a highly desirable region, during a period of considerable competition.
The concession totaling 2065.32 km2 is located in the Baltic Basin western Russia including portions of license blocks 36, 45, 46, 73 and 74.
The License is valid for up to 10 years and covers a work program which includes geological studies, seismic acquisition and a one well drilling obligation. If a discovery is made the term extends to 25 years with an additional 25 years, if required.
The primary reason for applying for this license is the high potential of the Paleozoic shales that could lead to a commercial shale gas development similar to the Barnett Shale in the United States. In addition, PrimeGen believes that while testing the shale gas potential of the area there are conventional oil targets above and below the shale intervals further reducing the risk of exploration.
Robert Charlton, CEO of PrimeGen commented, "We are excited to expand our portfolio in Russia into the underexplored Baltic Basin. There is a potentially significant unconventional gas play in the Paleozoic shales that we believe will unlock an overlooked high potential play in the wider region. We also believe there is significant potential that has been overlooked in several conventional targets on the license."
In the initial exploration phase, an environmental study is planned to be carried out. Taking account of 2D material already available, a 3D seismic test is then to be conducted across an area 500 square kilometers in size. In addition, an exploration well is to be drilled once the seismic testing has been completed.
About PrimeGen Energy Corporation
PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

[beerguytx]

This could get very exciting very fast!

WESTON, FL -- (Marketwire) -- 11/04/09 -- Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), Union Pacific Corporation (NYSE: UNP) and Black & Decker Corp. (NYSE: BDK).

This morning, PrimeGen Energy Corporation (PINKSHEETS: PGNE) issued a press release announcing that its wholly owned Russian subsidiary OOO Verkhne Michayu Group has been awarded the Layevozhskoye oil and gas exploration license in the Baltic Basin in Western Russia.

The primary reason for applying for this license is the high potential of the Paleozoic shales that could lead to a commercial shale gas development similar to the Barnett Shale in the United States. In addition, PrimeGen believes that while testing the shale gas potential of the area there are conventional oil targets above and below the shale intervals further reducing the risk of exploration.

[Chicago Trader]

PrimeGen Announces the Filing of Its Disclosure Statement to the Pink Sheets OTC Disclosure and News Service
BRIDGEWATER, NJ, Nov. 3, 2009 (Marketwire) --

BRIDGEWATER, NJ -- (Marketwire) -- 11/03/09 -- PrimeGen Energy Corp. (PINKSHEETS: PGNE) ("PrimeGen" or the "Company") today announced the filing of its Initial Company Information and Disclosure Statement with the Pink Sheets OTC Disclosure and News Service as part of the reporting of its quarterly and annual financial information at www.pinksheets.com.

PrimeGen has submitted its annual and quarterly reports through the service and is fully up to date on its financial filings. With the Initial Company Information and Disclosure Statement posted, the company also posted a required attorney opinion letter to meet all the requirements necessary to be placed in the "Current Information" classification. The Current Information designation falls in the "Transparent" category as defined by the Pink Sheets. Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market.

The Initial Company Information and Disclosure Statement includes details of the company's history, its current share structure, financial information, and management's plan of operation.

"While this filing is just part of the process of achieving 'Current Information' status, it contains information that we believe is of interest to our shareholders," Robert Charlton, CEO of PrimeGen Energy Corp.

About PrimeGen Energy Corporation

PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act 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.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. 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 consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.

Contact:

Robert Charlton
President
PrimeGen Energy Corp.
[e-mail]






Source: Marketwire (November 3, 2009 - 4:05 PM EST)

News by QuoteMedia

[oose]

FYI: Disclosure just filed on Pink sheets....get ready for a ride. There are three posts under sub header filings.

[lakehouse2008]

So am I.

[beerguytx]

I'm starting to get a good feeling about this one.

[zinn21]

Lemme tell a little story bout a man named "Bob"
An unknown CEO that could really make a trader "sob"
Then one day he leased an old cold Russian well
And now he's tellin all the traders.. to buy before the bell
Oil, he says; black gold; Texas Tea..

[oose]

#6 WELL 100% complete will anouce toward end of week and in process of reporting to PINK OTC.
This could be very BIG.....

[pennybender]

IT IS TIME TO BUY PGNE!!!!

[oose]

Filing PINK OTC

[spankee]

I found this report not generated by primegen, scroll dow to table 2 and see the acquisition of the drilling rig.
http://www.arujigate.com/pdf/sep_2009.pdf

another threaed here scroll down to european mid-market deals, listed under the energy section the deal is mentioned again
http://www.aqm-e.com/PDFS/AM/MiddleMarket10Aug.pdf

I'm not saying it is or it isn't, just hoping it isn't a scam, just very bad management and maybe he is focused on the hit and scrambling to pay the debts. all we can do is wait and hope.
I'm sure the stock is down because everyone is running from it.
it's not oil time of the year anyway so I will take advantage and buy some more at the new bottom and hope for the best.
I will also continue to dig for more info to support the theory

[pennybender]

BUYER BEWARE of PGNE = CAVEAT EMPTOR

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pgne#getQuote

Wondering why the price of this stock has been going down? Because if it is true that this company has been around for a while then why the hell they're not doing anything to update their status on Pinks? This tells me a few things. 1. The company is a scam or that they're pretty much operate on nothing (no oil no money nada). 2. The management is bad because they're not doing anything to grow the interest of investors or build the shareholders' trust.

This is bad. PGNE will soon be at a penny or less.

[spankee]

Doubt it's a scam, company has been around too long. unlike the GVBP genova bio the shut down last week. they usually catch them and shut them down long before this.
company likely run by a moron and there is too much lattitude with the pinks.