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RDMPQ: BK PLAN effective. All shares cancelled:
http://otce.finra.org/DLDeletions
I don't really under stand how these stocks fell today . Trump giving so much to small businesses and pulling regulations off companies left and right there no where for this company to go but up . Tomorrow I like to see this companies share prices jump to $15.00 a share .
Time to average down on your $RDMPQ holdings. :)
I'm adding here $RDMPQ
Highest volume in two years and proof that insiders did not sell just by adding up the volume since November 2015
In my opinion this Q will do Saratoga type move but much lower OS
Over $1 imho
Who is with me about creating a Rally that gets these share prices up to 300 or more a share .
Winter is coming and I believe its going to be a hard winter this year gas is going to be in demand these share prices should be selling on todays market around $60 a share if not more . crazy that these shares are selling for pennies .
RDMP changed to RDMPQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
Bankruptcy just filed. RDMPQ on the Daily List
What's the deal with RDMP & XBOR. No news, no filings, no press releases. Their silence is deafening. Is this the calm before the storm?
Southern Man great to see a post- I thought this board was dead.
Is Barksdale still there?
What is going on with the company-is it all over or is there hope?
What say you SeeOhToo
Good job Barksdale, let me know when it gets to 18 dollars a share so I can break even.
Sorry, I guess I've been slacking off!
SeeOtoo..why haven't you told us about this
http://www.courthousenews.com/2014/12/04/subpoena-sought-in-penny-stock-probe.htm
MORE JUMPING SHIP...
"Mountain Resources, Inc. (the “Company”) of his decision to resign from his position as Executive Vice President and Director of Exploration and Production of RMR Operating, LLC, a subsidiary of the Company, effective immediately."
Come on SeeOhToo…Help the SEC out. Tell em what they should be looking for. You know where the skeletons are hidden. Even I know of a few things that don't pass the smell test. Go ahead and put it out there!!!
Under SEC investigation. SEC subpoena documents.
MORE TROUBLE AHEAD!
Frank Yates Joins RDMP's Board of Directors
This is a positive sign.
Posted on June 11, 2014
DALLAS, TX – Red Mountain Resources, Inc. (“RMR” or “Red Mountain”) (OTC QB: RDMP), a growth oriented energy company engaged in the acquisition, development, and exploration of oil and natural gas properties, appointed Frank Yates, Jr. to its Board of Directors, effective immediately.
Mr. Yates, age 58, has been Manager of Yates Industries, LLC, a single member investment company, since 1999 and has served as Chairman of the Board of Taos Resources, a Houston-based oil and gas exploration and production company, since June 2013. From 1992 to 2007 he served as Vice President and in 2007 and 2008 as President of Yates Petroleum Corporation, an independent oil and gas exploration and production company producing over 50,000 barrels of oil equivalent per day. From 1986 to September 2009 he served as President of MYCO Industries, Inc., associated with Yates Petroleum Corp in the oil and gas industry.
Alan Barksdale, President and CEO of RMR, stated, “We are honored and delighted to have Frank join the RMR Board. He brings a unique skill set of business acumen, operations knowledge, technical expertise and an extensive network. We are excited to have Frank in this leadership position and look forward to working with him as we pursue our growth strategy.”
- See more at: http://redmountainresources.com/archives/909#sthash.8gmPEmpK.dpuf
I also wondered why he resigned. He had a $200k a year salary.
On another topic, nice to see two days of reasonable trade volume and upward movement in share value.
Wonder what spurred the abrupt resignation of this fine company’s CFO?
More NEW LOWS, despite HIGHER OIL. MASSIVE WEIGHT OF DEBT BURDENING THIS ONE.
Bidding $4.15. What a fricken nightmare for shareholders. This has been sinking like the Titanic!
Why would anyone hold this?
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RMR currently maintains an ownership interest in 52 gross wells (33.4 net), including approximately 39 gross operated wells (31.3 net) and 13 gross non-operated wells (2.1 net) with 112 gross (98.1 net) potential drilling locations. RMR owns 9,686 gross acres (5,512 net) comprised of 5,091 gross acres (4,125 net) in the Permian Basin of West Texas and Southeast New Mexico, and 4,595 gross acres (1,387 net) in the onshore Gulf Coast of South Texas. As of May 31, 2011 our proved reserves totaled approximately 1.368 MMBOE (62% Liquids), with a total proved PV10 value of approximately $35.31 million. As of May 31, 2011 our probable reserves totaled 2.321 MMBOE (81% Liquids), with a total probable PV10 value of approximately $43.92 million. As of May 31, 2011, our 2P reserves total 3.689 MMBOE (74% Liquids), with a total 2P PV10 value of approximately $79.23.
RMR has developed the following strategy aimed at the ultimate goal of increasing shareholder value.
We have a goal-oriented approach that allows RMR to systematically execute our strategy.
Alan Barksdale has been Red Mountain Resources' President, Chief Executive Officer and a director since June 2011 and served as our Interim Acting Chief Financial Officer from June 2011 to August 2011. Mr. Barksdale has also served as President of Black Rock since its inception. Mr. Barksdale has also been the owner and president of the StoneStreet Group ("StoneStreet") since 2008. Mr. Barksdale formed StoneStreet to provide advisory and management services and pursue merchant banking activities. At StoneStreet, Mr. Barksdale oversees the firm's capital investments, manages its subsidiaries and serves as the senior advisor to StoneStreet's clients. Through its wholly owned subsidiaries, StoneStreet owns and operates upstream and midstream oil and gas assets, a portfolio of real estate and various investments in oilfield service companies. From January 2007 to April 2010, Mr. Barksdale served as a Director in the Capital Markets Group of Crews & Associates, an investment banking firm, and served as senior banker for approximately 115 transactions. From August 2006 to October 2006, Mr. Barksdale served as an investment banker at Stephens Inc., an investment banking firm. From 2002 to August 2006, Mr. Barksdale was an investment banker at Crews & Associates. Mr. Barksdale graduated from the University of Arkansas at Little Rock in 2001 where he received a Bachelor of Business Administration with an emphasis in Finance. He is registered with FINRA, MSRB, PSA and various state securities departments throughout the US. Mr. Barksdale also holds Series 7 and Series 63 licenses.
Tommy W. Folsom has been Red Mountain Resources' Executive Vice President and Director of Exploration and Production since September 2011. Mr. Folsom is the founder of Enerstar Resources O & G, LLC, an oil company involved in the drilling, re-completion, re-entry and acquisition of properties and leases in the United States, and has served as its President since its formation in 1994. From 1996 to August 2011, Mr. Folsom served as the Operations Manager of Murchison Oil and Gas, Inc., a privately-held independent oil and gas company engaged in the acquisition, development and production of oil and gas resources in the United States. In 1990, Mr. Folsom was a partner in the formation of Vision Energy, Inc., an oil and gas company, and served as its Vice President of Operations until 1994. From 1976 to 1990, Mr. Folsom served as an Area Supervisor for Santa Fe Energy, Inc. in Carlsbad, New Mexico.
Hilda D. Kouvelis has more than 25 years of industry accounting and finance experience. From January 2005 until June 2011, she was employed with Transatlantic Petroleum Ltd., a vertically integrated, international oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas, serving as its chief financial officer from January 2007 until April 2011 and as its vice president from May 2007 to April 2011. She also served as its controller from 2005 to January 2007. Since leaving Transatlantic Petroleum in June 2011, she has been a private consultant advising on accounting matters and acquisitions. From November 2007 to May 2008, Ms. Kouvelis served as chief financial officer of Sky Petroleum Inc., a company that makes direct property acquisitions and/or funds exploration or development of oil and natural gas properties for others, and Southern Star Energy Inc., an exploration stage company engaged in the acquisition, exploration and exploitation of prospective oil and gas properties. From 2001 to 2004, Ms. Kouvelis served as controller for Ascent Energy, Inc., an oil and natural gas exploration and development company. From 1998 to 2000, Ms. Kouvelis served as controller for International Operations at PetroFina S.A.'s headquarters in Brussels, Belgium. Ms. Kouvelis began her career with FINA, Inc. where she held various positions in accounting and finance, including controller and treasurer. Ms. Kouvelis received a B.B.A. in accounting from Angelo State University and an M.B.A. from the University of Dallas. Ms. Kouvelis is a licensed Certified Public Accountant.
John T. Hanley has been Red Mountain Resources' Executive Vice President and Director of Finance since August 2011. Mr. Hanley has 37 years of experience in the oil and gas industry. Prior to joining RMR, Mr. Hanley served as Controller for Coastal Energy Company, an international oil and gas exploration and production company located in Houston, Texas with assets in Thailand, from June 2009 to August 2011. While at Coastal Energy, Mr. Hanley directed the successful implementation of IDEAS Accounting System in the Houston and Bangkok offices, as well as working with the company's management and auditors to help implement new internal controls and procedures necessary for it to meet Toronto Stock Exchange requirements (which Coastal Energy is now listed on). From February 2009 to May 2009, Mr. Hanley was a Senior Tax Accountant at Carl Pearce CPA, PC, an accounting firm. From July 2008 to January 2009, Mr. Hanley was President of Six Cleats Energy, LLC, a company he founded that provided small oil and gas companies with outsourcing for their back office services, as well as other related services. From August 2001 to June 2008, Mr. Hanley was the Chief Financial Officer of Arcturus Corporation, a company specializing in the exploration, development and production of crude oil and natural gas. Prior to this, Mr. Hanley held significant accounting positions, including Controller or Chief Financial Officer, of numerous companies, including Phillips Petroleum Company, Aminoil USA, Inc. and Triton Energy Company. Mr. Hanley is a CPA and received a B.B.A. from the University of Oklahoma and an M.B.A. from the University of Central Oklahoma.
Jack Bradley is a geologist for Red Mountain Resources and also serves as a Vice President and RMR's Director of Business Development. Mr. Bradley has nearly a decade of experience in petroleum geology and oil and gas property value assessment. He previously served as a Geologist and Director of Business Development for StoneStreet Group, Inc. At StoneStreet Mr. Bradley evaluated numerous oil and gas opportunities throughout the country, ultimately making acquisition recommendations to company management. Mr. Bradley recommended and ultimately assisted in the acquisition process of the Wilcox property in South Texas and the Pawnee and Madera prospects in Southeast New Mexico, all of which are currently operated by RMR. Prior to joining StoneStreet, Mr. Bradley served as a GeoTech and Geologist for R.K. Ford & Associates and Sebring Exploration in Midland, Texas. Mr. Bradley has extensive geographical experience in the Permian Basin, Val Verde Basin, and in South Texas. Mr. Bradley earned his Geology degree from Sul Ross State University and is a member of the American Association of Petroleum Geologists and the West Texas Geological Society.
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