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Can you post where you found that?
does anyone know who black sea energy is? that owns 70 % of this company? black sea used to be the name of a company that i own shares in now,ivanhoe energy.they changed there name 10 years ago
they have never mentioned anything about this co.
Any luck on that call?
Happy for now with an avg buy price of 0.048, this trades thin so more news will really lift it, really like the story here, ANT
open gaps - hope we dont close them
http://www.stockta.com/cgi-bin/analysis.pl?symb=PGNE&num1=1&cobrand=&mode=stock
cup and handle
http://stockcharts.com/h-sc/ui?s=pgne
look at the 3 year chart, volume 2007
Barchart.com indicates PGNE 88% Buy:
From http://quote.barchart.com/texpert.asp?sym=pgne&code=BSTK
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Buy
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 485270
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 256964
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 146413
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
0.0700 0.0500 0.0700 0.0900
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This stock has huge potential as a long investment and the charts confirm it. As far as new investors are concerned, I'd say keep your eye out for anything under .07, but be aware that there aren't many shares for sale there and if you're interested in purchasing more than 20k shares you might have to work your way up the ask ladder, which is thin until resistance.
The float is small, the revenues just became great, and the investors are holding tight for gold. Get ready for some fun days ahead!!
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Only my opinion, of course!
Do both of us a favor with a little research on PrimeGen, and don't hesitate to post anything interesting that you find!!
Relevant DD:
According to http://www.primegenenergycorp.com/pgne_capitalstructure.htm:
Outstanding Shares
233,090,000
Treasury Shares
N/A
Float
2,000,000
Other Exchanges
N/A
Restrictions on Transfer of Pink Sheet Securities
N/A
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According to http://www.primegenenergycorp.com/pgne_shareholders.htm
Key Existing Shareholders:
Significant Shareholders
Black Sea Energy Inc.
175,000,000 shares (70%)
Orion Century Partners Ltd.
7,500,000 shares (2.8%)
Bosee Incono Investments Inc.
22,000,000 shares (8.7%)
Treasury Shares
Nil
Restrictions on the Transfer of Shares
Nil
Shares Not in Public Hands
204,500,000
So 233,090,000 total O/S w/204,500,000 in the above corporate investors
Leaves 28,590,000 public shares
Also, this company does not seem to be interested in diluting the stock, as dilution is typically done by failing Pink Sheets companies to raise money that business is not providing. This company has just found a huge stream of revenue and has large corporate investors that vastly outweigh the public shares. This suggests that dilution would be unnecessary as well as counterproductive to their financing interests.
Currently, the Pink Sheets listing is a direct result of not being current with SEC revenues filings since 2007, hence my post yesterday. I would love to see news indicating a return to SEC current status and a move to the OTCBB, as this would be most reasonable following the recent revenue uptick and clearly immanent exponential growth.
how many shares are free for trading??
this is a pink sheet stock - dilution ...
Does anyone have any insight into the company's intentions of getting back to standard regarding SEC filings? I'm also calling the company today to find out a little about their plans -- it'd be great to know that they would release financial results, as they haven't been current since 2007 and have not posted positive revenues with the SEC.
I'm really excited for the production from this oil plot and what it will do to the expansion of this company into something fairly large. I was a little disappointed to see it pull back today, and wish I had more available cash to buy more of the stock. Volume is low, and I'm not sure if that's just because there isn't any for sale, no buy orders, or what. L2 anyone? Let's get this thing noticed, as the future pressers should do nothing but build momentum. Woop!
Cheers and best to the rest of us!
Robert Charlton, PrimeGen's President and CEO, stated, "The Company has made significant progress executing our business plan, while at the same time achieving substantial common share appreciation. Our management team believes that this milestone financing will take us that much further down the road towards creating and maximizing shareholder value.
With the cash from this financing, the Company can now accelerate its development programs on our Russian properties, by scheduling a ten (10) well drill program.
We expect to implement this program over the next six months.
In addition, the Company can now expand its current land holdings and reserves by implementing a more aggressive acquisition strategy by focusing on more advanced and larger reserve properties. We look forward to updating our shareholders about our existing and prospective projects as events unfold during this exciting time in the oil and gas business."
http://finance.yahoo.com/news/PrimeGen-Energy-Closes-12-bw-1671418188.html?x=0&.v=1
Absolutely agree BBrown -- PGNE is ridiculously undervalued with the current production, and the possibilities are astounding. As soon as this fact becomes widely noticed, the stock will run even more. Also, I'm glad to see that the company has been good about updates and PR's, as the addition of more wells or updated financial/production info will make it even more obvious that this is a big time buy.
GLTA!!
pgne is still undervalued with the projected revenue numbers, and the way they've been releasing succesive prs so quickly the company is clearing doin' work over there, getting shit done. I expect a nice run for tommorow if not at the close today.
Do we run into the close?
If they drill 30 wells this could be a 30 bagger just on basic financials. It's just getting started -- even on this news -- !!
agree....looking forward to it.
If we hold here until after lunch we could have a nice gap into the close and then a major gapper come tomorrow.
Wow... nice.
no bother at all Ny 1 @ .085 3 @ .09
hi legal, could i bother you for the level II on this stock?
Anytime Money, could be much more to come.
congrats....thanks for the heads up. --MONEYMADE
Wait until news hits all the News Letters we could see a huge move into the .20's, .30's or beyond JMO
Share Structure: 2 million float!
233,000 OS
2,000 float
http://www.primegenenergycorp.com/pgne_capitalstructure.htm
.93 x .094. :)
Record volume showing on my Scottrade 3 month graph.
Word is getting out.
In for 120K at .073
Nowhere but up! What a find!!
Heyo!!!
vol picking up good
Imagine what this stock will do when oil rises, not that such high production alone cant send this higher.
Re: PGNE - Thats sick 35000 X $60 = $2,100,000 a day
35k BPD x $60 = $2.1 million PER DAY potential.
This is worth holding.
Even the one well producing 1200 BPD is $72,000 per day at $60 per barrel. (minus production costs)
35,000 BPD field potential! 30 wells.
"When fully developed, the 30 wells should give a daily production rate at Timan-Pechora of 35,000 barrels per day."
"The Kochmesskoye well is the first of a multi-well program drilled at Timan-Pechora by PrimeGen."
http://finance.yahoo.com/news/PrimeGen-Energy-June-prnews-3089138702.html?x=0&.v=1
More to come according to news.
Thanks! Had to chase it up from .064 to .074 while waiting to sell CCTR.
You are already up! Nice
bought in today at 0,061
I got some of this..1200 BPD for .07?! In like Flynn.
in a word...awesome!
got it this morning sent to my berry. according to the release it says projected $19M from current well and there's 20+ wells. anybody have any DD on any other results?
http://www.mobilepresswire.com/fullstory.php?id=1370&ptitle=PrimeGen%20Energy%20-%20June%20Production%20at%20Timan-Pechora%20Kochmesskoye...
lets see what we will go tomorrow...glta
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PrimeGen Energy Corp. (OTC: PGNE)
Contact Information | Business Description |
Primegen Energy Corp. 908-382-7924 Corporate Website: http://www.primegenenergycorp.com | PrimeGen Energy Corp. (OTC: PGNE) 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 Corp. 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. |
Click Map Below for Operations Overview
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Company Information for PrimeGen Energy Corp. (OTC:PGNE) provided courtesy of PinkSheets.com
OTC Market TierPink Sheets CurrentPrimary SIC — Industry Classification1311 - Crude petroleum and natural gasBusiness StageDevelopment Stage CompanyState Of IncorporationNevadaJurisdiction Of IncorporationUnited StatesYear Of Incorporation2005Company OfficersRobert Charlton, CEO, PresidentViktor Tymoshenko, Dir. Yury Rybachuk, Dir. Marc S. Applbaum ESQ, Lawyer SEC Reporting StatusDe-Registered as of Jul 14, 2009 | Fiscal Year End12/31Estimated Market Cap$25,639,900 as of Dec 1, 2009Outstanding Shares233,090,000 as of Sep 30, 2009Authorized Shares1,500,000,000 as of Sep 30, 2009Float (shares)35,590,000 as of Sep 30, 2009Current Capital Changeshs increased by 15 for 1 splitEx-Date: Jul 19, 2006 Company NotesFormerly=Maysia Resources Corp. until 9-06Legal CounselApplbaum & Zouvas, LLP2368 Second Avenue San Diego, CA 92101 |
Stock Chart for PrimeGen Energy Corp. (OTC: PGNE) provided courtesy of StockCharts.com
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Press Release for PrimeGen Energy Corp. (OTC: PGNE) provided courtesy of MarketWire.com
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