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They update us on their production numbers and I bet there won't be much need to paint...
SGER .75 and yes one of those paints were mine
HDSN had been the lone MM at .51 the past week or so and after he got wiped out today...ended up being the high bidder and sat at .52.
I only talked to the company the day I saw the PR and after talking to them felt the need to buy a few. Of course I'm now wishing I got more below .40 as well. Added a few today. This will be over $1 in the very near future IMO.
Really wish I could have gotten more below .40, so thin now. The most recent acquisition (the PR in the ibox) isn't their only producing property (check their website). It'll be interesting to see where they take this company. Anybody call headquarters and speak to the CEO etc?
This may be posted already - Chairman of the board Mr potter seems to have alot of experience.
Jay S Potter Mr. Potter has been active in the financial industry for 20 years and has successfully participated, directed or placed over one hundred million dollars of capital in start-up and early stage companies. Mr. Potter takes an active role in the development of the funded companies and to that end has participated as advisor, director and officer. From June to October 2006, Mr. Potter was the Interim CEO of EAU Technologies (symbol: EAUI) a publicly traded non-toxic sanitation and disinfectant company. He has served as Chairman, President and CEO of Nexcore Capital and its financial service affiliates since co-founding the company in 1996. Mr. Potter serves as Founder and Chairman of Sterling Energy Resources (symbol: SGER), a public oil and gas company involved in the acquisition, exploration and development of oil and natural gas from its numerous leases. Mr. Potter is the founder, CEO and Chairman of GreenCore Capital, a renewable energy and CleanTECH fund. He is also a director of Envision Solar International. Mr. Potter holds or has held Series 3, 7, 22, 24, 39 and 63 licenses.
I wonder who the 4th boardmark is...
It's slowly moving up completely UNDER THE RADAR. Nobody is talking about these guys. Only 4 boardmarks LOL
Wow I didn't even notice, very thin!
ask now .75...only 1mm below $1.01
yepper...I'm holding two black gold stocks in hopes they reach they promise land one day
Yep, Hold for Gold!
yep...that's the only thing that makes sense to me...not sure about all the other drilling stuff. Obviously they are currently producing and thus generating revenue. Would like to see some more PR's or filings soon.
This is so thinly traded that any kind of volume spike will send it over $1
The Askside is currently 1x.51 1x.75 1x1.01
Very Interestiing! Looks like some production numbers to me...
I was just checking the company website and saw these updates. I'm not sure what all the numbers mean though.
Well #13 last update 3/14/08
http://www.sterlingenergyresources.com/well_13.pdf
Well #14 last update 3/6/08
http://www.sterlingenergyresources.com/well_14.pdf
and here is the link to all their drilling updates.
http://www.sterlingenergyresources.com/drilling_updates.htm
Very thin. It wasn't me at .51 though.
only 4mm's below $3 LOL
seems like it's crazy thin. Would like to see more updates or filings from the company. Seems only a handful of peeps know about the company yet.
15:13:03 100 0.51 + OTCEQ_NBB
15:12:21 2500 0.46 + OTCEQ_NBB
15:09:30 1000 0.46 OTCEQ_NBB
I just noticed...
anybody here buying today...just printed .51 :)
currently .32 x .35 I added a few more to round off my share count. This company is trading completely off the radar. Hopefully one day soon it'll get noticed :) Oil is a good place to be.
someone over on HSM I thing got them...
Those last trades where weird...wonder why the odd size lots.
Price Size Exch Time
0.36 114 OTO 13:46:26
0.36 114 OTO 13:45:13
0.36 147 OTO 13:44:32
0.36 111 OTO 13:44:22
0.36 114 OTO 13:40:55
0.46 6000 OTO 09:34:10
Announce the Acquisition of Brown & Thorp Waterflood Unit
FRIDAY , FEBRUARY 29, 2008 02:16 PM
By Jay Everitt, jeveritt@knobias.com
Sterling Energy Resources (SGER) announced the acquisition of the Brown & Thorp Waterflood Unit located in Pecos County, Texas. The 2,140 acre unit currently produces 110 BOPD from 29 producing wells and 13 injection wells. Oil production is from the Clearfork formation at 3,400'. Proved developed reserves are estimated at 1,400,000 BO. An additional 25 drilling locations have been identified within the unit along with numerous rework and recompletion opportunities on the existing wells. Sterling Energy is the unit operator and holds a 100% working interest share in the unit.
I did those same calculations and couldn't resist getting a few.
welcome aboard..not many folks know about this yet. We should see another PR or filing next week.
Best of Luck to us!
Indeed. The O/S is what really got me interested here. I was running through some numbers real quick and if they deliver the goods we could see this at several $s a share.
Nice of you to join us! No dilution sounds good to me if that O/S is still 12 million... Jackpot!
Picked up 5k @ .35 will sit on the BID for cheapies if available.
Thanks Bonedaddy and MWM for the headsup here.
Proved developed reserves are estimated at 1,400,000 BO = $140,000,000? Currently oil around $100. Is that right?
Posted by: bonedaddy77
In reply to: MWM who wrote msg# 91316 Date:2/29/2008 2:12:39 PM
Post #of 91321
SGER I called and found out they took a loan to pay for the leases and haven't nor plan on raising any capital with shares anytime soon. They are working on financials and planning on getting uplisted. Seems they are about to waken up from their slumber. I grabbed a few.
Sterling Energy Resources Announces Acquisition of the Brown & Thorp Waterflood Unit in Pecos County, Texas
Feb 29, 2008 1:48:00 PM
Copyright Business Wire 2008
View Additional ProfilesOVERLAND PARK, Kan.--(BUSINESS WIRE)--
STERLING ENERGY RESOURCES, INC. (Pink Sheets:SGER) announced today the acquisition of the Brown & Thorp Waterflood Unit located in Pecos County, Texas. The 2,140 acre unit currently produces 110 BOPD from 29 producing wells and 13 injection wells. Oil production is from the Clearfork formation at 3,400'. Proved developed reserves are estimated at 1,400,000 BO. An additional 25 drilling locations have been identified within the unit along with numerous rework and recompletion opportunities on the existing wells. Sterling Energy is the unit operator and holds a 100% working interest share in the unit.
ABOUT STERLING ENERGY RESOURCES, INC. (Pink Sheets:SGER)
Sterling Energy Resources, Inc., is a growth oriented energy company engaged in the exploration, development, production, and acquisition of oil and natural gas in the continental United States. Sterling Energy is headquartered in Overland Park, Kansas and has an administrative office in San Diego, California(1).
(1) Certain sections of the Annual Press Release contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of production, revenues, earnings, and cash flows. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation, general U.S. and international political and economic conditions.
All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company's behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
Source: Sterling Energy Resources, Inc.
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