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CompuPrint Delivers the Second Stage STeP® Oil and Gas Report to a Major International Oil and Gas Exploration and Production Company
NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, has delivered its second stage STeP analysis of an off-shore African oil and gas drilling prospect. Under the $2.5 million contract, the Company has now earned a third progress payment of $375,000. The final payment of $1 million is to be paid on delivery of the final report, anticipated for December 2006.
In preparing its analysis, the Company utilizes a proprietary technology, STeP, which is based on interpretation of satellite data to effectively identify oil and gas, as well as other minerals subsurface. The Company conducts its operations through its wholly owned subsidiary, Terra Insight Corporation (TIC).
"We are pleased to report our continued progress reflecting the on schedule performance of the Company, and we are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP. We have just delivered the second stage STeP report, which is designed to further the level of detail and the client’s knowledge as to the presence and geological conditions of hydrocarbon deposits in the license block. Our reports are in an industry acceptable format that geologists and exploration managers can understand and use in exploration: our third stage, or final, reports present drilling location coordinates, structure maps, as well as cross sections with target depths, formation changes, and additional geological information. We believe that all of this information will help our multibillion dollar client companies achieve tremendous money and time savings as compared to industry standards," said Roman Rozenberg, CompuPrint's Chief Executive Officer.
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to approximately 1 million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a 1 million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases oil and gas leases in East and South Texas,. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
Contacts
ALLK, INC.
Louis Phillipe Antunes, 450-578-3283
Fax: 450-378-0312
Should be exciting soon enough especially after the symbol change.
CPPT EOD l2: 65K volume
Nice trading day for a sleepy stock.
This one's getting ready to wake up with a roar soon, I think.
Hes on the bid still...We are getting close to move!!!
Looks like news is coming imho :)
This stock is ready to go big folks :)
DOMS stomped on the run.
I agree wonder how many it will take to bust those .25's up???
Wish you all the best.Thank You!
Take out those .25s and we move.
Spread tightens up that much more retail buyers coming in...24x.245!!!
Looks to me like it was over valued at the time at $1.25, Who knows what that volume was about that brought it down but look at how it has held. I like their technology and will hold for steady gains. IMHO this should be a .40-.50 stock.
I like their Technology/Low Float
The Thing which I don't like is Low volume,and also why Price dropped from $1.25 to .20's range...
Any Thoughts?
and they have filed financial reports regularly just go to OTCBB.com or Pink Sheets and pull them up.
Look above at the ibox. Public float: 6,322,755 is nothing.
So you guys think Ticker change will be a good thing?.Are they going to report Financials?.I'm thinking about buying few shares.It would be great if any longs over here are willing to provide some DD.Thank You!...
I have a theory about that. They let the junk run because once everyone figures out it's junk it's toast. The good ones get accumulated and that takes awhile and most pinky/otcbb players lose patience and bail.
RGHG..makes no sense to me. I'm in it too, and it flies one day out of four.
Maybe RGHG NOBO list is appropriate, and the stock is being shorted.
RGHG isanother delaware corporation with low OS, low float, and real revenues.
But in this bizarro world of penny trading, pinksheet POS pigs become the Belles of the Ball, and nice companies are left sitting home alone on a Saturday night.
Go figure...
maybe we need to buy them a makeover, and some hot pants or something.
I couldn't buy in my Ameritrade account either. I have had that problem before but in this cause my DD was solid enough that I bought in my Schwab account. I think once the symbol changes and shorts are forced to cover it will run. I have my ticket for that day.
well in our case the Ameritrade ban is making things more difficult I would think.
OT: Wierd market for sure. I thought my little RGHG was going to pop on the news it had last week. I have faith and will continue to hold both of them.
We're in agreement. Now let's see if the market is logical, and agrees with our assessment.
All I can hope is that when the ticker change takes place, some of these mysteries will be solved.
That is what I am banking on.
It's a low float, delaware incorporated OTCBB pink, with no debt, a real service that's in high demand, and revenues coming in.
And holding a solid .2x base with no dilution.
We break .25 and next stop is .40
CPPT is going to move fast here soon I can feel it :)
nope, just waiting with my shares.
have you tried to buy today at all?
This thing is weird, that 10k sell this morning was the first bidwack I have seen in the week I have been watching CPPT...Since I have been watching it the spread has been tightening up currently .221x.24 with three mm's .22+. Looks like there is resistance .25 (good loading point for anyone looking to get in since you can get in on the bid lol)...We suspect Ameritrade to be short shares and know a cusip # change is coming this week should require them to cover...Once we start it should rock and roll!!!
Very odd trading, Nettles. I'm not jumping to any conclusions, because frankly, I have no idea what could be going on.
But it's worth noting, fwiw.
Good morning guys we are approaching the symbol change and financials going to be fun :)
actually that 6000 wasn't all mine I only bought 2500 out of that. That was another strange thing as the trade wasn't tagged as a bundled trade as it should have been.
I gotta feeling we'll see news this week :)
nice chart
I will be headed this way on Thursday....I hope the symbol changes holds on till at least then.
WATCHING FOR NEWS!
if so, going to add more at open!
Keith
Nettles, I don't know what to think here. The stock doesn't go down, so I think there aren't many sellers, but the trading is very strange.
Ameritrade has it restricted for nearly a month, without any explaination or based on any red flag that I can see.
You yourself said it took you nearly an hour to buy 6000 shares at the ask.
I've heard similar stories from other posters.
All I can hope is that when the ticker change takes place, some of these mysteries will be solved, and a few log jams will get cleared up.
I really do like this company. It's a low float, delaware incorporated OTCBB pink, with no debt, a real service that's in high demand, and revenues coming in.
CPPT could be the proverbial needle in a haystack penny stock we're all looking for in the microcaps.
Time will tell of course, but already the odds are better than with most of the questionable pinks with no proven revenues, bloated OSs and gagged TAs.
I talked with the IR rep on this stock earlier today he told me there will be symbol change either weds or thursday as well as cusip# change. If that is the case Ameritrade should have to cover if they are short and hopefully trading will be allowed at that point. Still no sellers here I think we have a big play coming...
We could really use some volume to follow thru with a push about now.
if there is a short on this you would think they would make an effort ot cover while they have the ameritrade crowd shut down.
I am with Etrade and it took over an hour to get filled on 2500 shares one afternoon last week.
A few tags on ask, however, still people having trouble getting in with TD Ameritrade!!!
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