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Any More updates
Thank you for the update. eom
From Mark Western...
I sent him an email and here is what he has to say aboutcurrent operations..
J****:
Tekoil & Gas Corporation has a Disclosure Statement hearing on February 4, 2010. Approximately 30 to 45 days after that we will have a Confirmation hearing, at which time if we have funded the company under the terms agreed by the Creditors Committee in the Tekoil bankruptcy, we will emerge from the Chapter 11 and push forward with our re-development plans. If funding is not obtained, the Company will be forced into Chapter 7.
We still have our Exploration License in western Newfoundland thro' May 2010. We will apply for an extension of that license upon successfully emerging from Chapter 11.
That's about all I can say at this point. We appreciate your support and will continue to work diligently on your behalf.
Best regards,
__________________________________
Mark Western
Chairman, President & CEO
Tekoil & Gas Corporation
United States
1.407.432.7622 Cell
mwestern@tekoil.com
www.tekoil.com
flipped this one awhile ago but it does look good now....hope it dips a bit so i can get back in...
Huge move in TKGN the last few days. Looks interesting
I'm out at .04 but this still looks like it is going much higher here....Looking for any dips at all:)
i'm holding for now buddy just to see what happens..although .10+ plus seems a pretty tempting target...
is it just the mm's or i wonder if they have found some financing...they needed about 50million...it alot but not much for an oil compnay?? Hope they get there sh!t together..cause i got in at 23 cents..then watched it go to 55 cents..should have got out then but the talk was big at the time!!
Morning my canadian friend! TKGN .04 x .06 2x1..beasting...something's up..
i don't know buddy but i think I'm going to hold and see what happens. In below a cent so now worries for now...
they did..but they were not sure at the time if it was enough to cover the fixing costs...and they said they needed 6 months to fix them...that should be right around now if they did repair them??
did they have any destroyed assets insured? I have to look into this one..
yeah but they filed for chapter 11 a year ago...then the hurricane destroyed the few assets they had...creditors beating down the door!!!
What's your average PPS?...60 million in assets and .04 right now? good deal IMO..
i still am waiting to hear something about there assests and the chapter 11..have you heard anything?? Im sure is dead in the water but if i could at leat recover some of my losses then cool..
55 MILLION shares as of 9/2008...
60 million in assets before the BK...
TKGN -thin L2 to .10 here...
.03 x .04 1x1 58k traded...
TKGN getting smacked...anyone here still watching?
any news on this dof lateley?? Are they ever going to operate again?? what happenedwith the destroyed assets in the gulf?? Sale of assets??
Guess dads friend was looking at the Shoal point drilling from Shoal energy...The company(tek) said that they would be moving in a real drilling rig after surface conductor was set, any idea when this will be????
according to my friends dad who lives a few miles from where they drilled the first well they have found oil ...they are going to complete this well and drill another horizotal by the same location. glta!!!
yeah thats true but i dont mind that its moving up first
sure would be nice to hear some news about drilling that first well...
i am loaded..any info on the first well yet??? should be pretty soon, been over 2 months now
Good luck to all
TKGN looks pretty kinda here fellas~ Anyone here buying more today?
I have a friend that works for CPK (stock symbol) he mentioned to me back in december that tkgn was a company they were looking at to buy. He said news would come out before the end of the year. Nothing happened. He just called me today to tell me that they are looking at it again, they want the land in canada. I'm not sure whats going to happen but we'll find out if the news ever hits the streets. I do know that back in December around the same time
RAB Special Situations (Master) Fund Limited bought a $1million of stock in tkgn. TKGN filed an SEC filing on it. I thought they were in on it with CPK.
Hey Guys,
Hew to this stock, i think the potential in this long term could be very profitable...any opinions..i though i got in cheap at .25..then some more at .19 guess i should have waited till yesterday lol
glta
Tekoil & Gas Corporation Unveils New Corporate Website as Key Part of Ongoing Corporate Communications, Investor Relations Strategy
THE WOODLANDS, Texas, Jan 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- Tekoil & Gas Corporation (OTC Bulletin Board: TKGN) announced today that it has launched its new corporate website (http://www.tekoil.com) as part of an ongoing and aggressive communications campaign.
"We're very excited about this new website launch," said Mark Western, Tekoil's Chairman and CEO. "This is the next logical step in the corporate communications plan that we began in earnest late last year when we retained a high-level team that will oversee a full range of marketing and investor relations initiatives."
"A significant focus of our strategic plan is and will continue to be to increase transparency with the public and our shareholders, as well as attract new investors," Western further explained.
The new website features company and industry news, data and information, as well as:
-- Regularly updated stock price and field production statistics;
-- A soon-to-be-unveiled Tekoil blog;
-- A comprehensive Investor Relations kit (available for download);
-- Archived SEC filings (available for download);
-- And more.About Tekoil & Gas CorporationHouston-based Tekoil & Gas Corporation is a technology-driven company focused on
the development, acquisition, stimulation, rehabilitation and asset improvement
of small to medium-sized oil and gas fields. The combination of energy fuel
reserves and advanced yield technologies are anticipated to generate value for
Tekoil and its stakeholders, as the company targets above average growth in the
21st century energy sector. Additional news and information will be made
available on the Tekoil website at http://www.tekoil.com and through further
press releases.
Tekoil & Gas Corporation Engages Top Investment Bank in Continuing Effort to Maximize Shareholder Value, Raise Company Profile
THE WOODLANDS, Texas, Jan 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- Tekoil & Gas Corporation (OTC Bulletin Board: TKGN) announced today that has engaged J Giordano Securities Group, a premier investment bank known for its experience in the capital markets and with small-cap companies in particular.
"We're extremely pleased to be working with an investment bank with this level of expertise and industry reputation," said Mark Western, Tekoil's Chairman and CEO.
"This relationship complements our ongoing plan to raise Tekoil's profile, both financially and publicly. Our goal has always been to take all steps necessary to maximize shareholder value and increase investor confidence in Tekoil," Western added.
James Giordano, President and CEO of J. Giordano Securities Group, expressed his confidence in Tekoil's management team and industry potential. "We are delighted to be working with Mark Western and the Tekoil team," stated Giordano, a recognized securities industry leader.
"We have followed Tekoil's progress for some time now. We believe we have a clear understanding of its significant assets and look forward to working together to find solutions to realize and unlock shareholder value," Giordano added.
About Tekoil & Gas Corporation
Some nice news today. Drilling in Newfoundland begun. Shows the company is still alive.
well they must be drillng in newfoundland now!!!!
hope they hit the crude stuff!!! i am sure they will as there is lots there,
i know the rig was supposed to be there a month ago, and was being rigged up a couple weeks ago as per a friend of mine.
Buy lots!!!
Some news will be coming out before the end of the year. Supposed to be something big. I don't know what it is. I know this is my first post, so I don't have much credibility yet. Watch to see what happens, and then follow my advice. You'll be buying in at a higher price, but you will atleast know that my information it valid.
how are you doing?
OT HEY CAMELBOX CHECK OUT SYMBOL PEMC NICE OIL DEAL
did you look into PEMC
so are you still a buyer
IT WAS NEVER .10 IT WAS AN ERROR TRADE AND NO ITS NOT TOO LATE READ ALL THE NEWS
Does it have legs? .10 to .50 in one week? Not too late?
hey whiteshadow check out PEMC
so did you buy any yet?
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