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Make that .035 LOL :) Might find its bottom here soon.
There has been some interesting action as of late. It has had a lot of volatility over the last year but the updates as of late seem to have some merits. New developments and improved cash flows and this could pan out to something going into 2011.
Wow..this is down to .05 area? unreal
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49604309
Also important is their funding goals and potential for over dilution.
$0.10 was important to break if it was going to break out considering its ceiling over the last few months. When that didn't come I unloaded most of my position since this one was heavily touted and that probably meant a pull back. While it might stabilize come Monday I would remain cautious and wait for a new bottom to form.
The upside still exists but can't ever tell when this much promotion is going on. The other thing to factor in is with the 10q out after market it shows over half a billion shares outstanding which equates to over a $25M market cap here. This might be hard to hold unless they have good developments coming.
They flag penny stocks that get unusual volume spikes in the event someone has hacked their accounts and is using other people's money to manipulate the market. You have to call in to place your orders usually last a week or more.
Did some averaging up yesterday after the bounce was confirmed. Have a nice average now and this after market news may be a great kicker for tomorrow. Hopefully we don't "sell on news" here!
Great news after market!
Let's see .1 break and a leg up after.
Topaz Resources Completes Consolidation of North Texas Shallow Oil Project
Wednesday, November 17, 2010 16:00ET
DENTON, TX -- (Marketwire) -- 11/17/10 -- Topaz Resources, Inc. (OTCBB: TOPZ) today announced that it has completed the final phase of a consolidation into Topaz of a North Texas shallow oil project by acquiring a lease for 543.69 acres with a history of proved producing oil wells, located in Wichita County.
An analysis of logs indicates that the lease and acreage contains at least 3 productive Cisco Sand horizons at depths of 500, 1,300 and 1,700 feet, with the majority of historical production coming from the shallower zone. Topaz also anticipates that further exploration will reveal considerable deeper zone potential.
Topaz initially will concentrate on completing work overs on the existing producing wells, and then commence drilling the estimated 12 potential off set well locations, all located in the Cisco Sand Formation. Topaz also will commence the engineering work and potentially seismic work to develop a program of drilling new wells, recompleting existing wellbores and deepening existing wellbores to test the productive potential of the other known productive horizons and to exploit the deeper formations.
Adding and developing oil properties in the north and west Texas regions is a key part of the Topaz strategy to develop a balanced portfolio of oil and gas properties and to take advantage of the continuing high price of oil.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at www.topazresourcesinc.com.
Notice Regarding Forward-Looking Statements
11/17/2010 (16:00 ET) Topaz Resources Completes Consolidation of North Texas Shallow Oil Project - Market Wire
ahh hahh. thanks
For instance. The gap up is a signal that may retrace to fill the gap.
I dont get the term kid gloves?
At this point, it's a "kid gloves" play, imo.
Yes I am sure that is the case. The hope here is that these funds being raised (sold) will end up bring new value to the company rather then organizers / insiders.
Workovers take money. It has to come from somewhere. Might want to check out dilution.
Not surprised although I didn't get any of it. This kind of volume after low levels in recent months is kind of a give away promotion is under way. Someone has to be selling all of that stock at these levels as well! Anyways hoping something materializes or at least holds up for a few sessions but we shall see.
Several services are promoting TOPZ in recent days.
These guys seem to be pretty aggressive promoters from what I have seen in the past. Kind of surprised they mention no compensation as these guys have been known to get a lot of shares in the past. Might have something to do with the intense amount of trading today. This run could reverse quickly so everyone play your cards carefully.
That was an intense amount of sell off yesterday on this split which is odd for this type of activity. I couldn't help but get some speculation shares expecting some sort of a bounce. (glad I did!)
Today's news has growth written on it and I am interested to see how this continues to make new developments.
TOPZ did 5 for 1 forward split yesterday at $0.30. Now, it has 500 million S/O, Huge!
Topaz Resources Acquires 4 Producing Oil Wells
Tuesday , November 16, 2010 06:00ET
DENTON, TX -- (Marketwire) -- 11/16/10 -- Topaz Resources, Inc. (OTCBB: TOPZ) today announced that it has completed the first phase of the consolidation into Topaz of a North Texas shallow oil project by acquiring 4 producing oil wells located in Wichita County. Topaz intends to undertake a workover program on each of these 4 wells as the most cost efficient means of increasing production on these wells. The Company also intends to bring several additional wells back on-line through this workover program.
Of strategic importance, this acquisition includes 1 injection well, critical for this Topaz North Texas shallow oil project because it enables Topaz to dispose of the water generated from production of existing and new wells in an efficient and inexpensive manner, instead of paying 3rd parties to haul the water away.
The remaining consolidation of this Topaz North Texas shallow oil project is scheduled to be completed in November.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at www.topazresourcesinc.com.
Notice Regarding Forward-Looking Statements
Topaz Resources Acquires 4 Producing Oil Wells
Tuesday , November 16, 2010 06:00ET
DENTON, TX -- (Marketwire) -- 11/16/10 -- Topaz Resources, Inc. (OTCBB: TOPZ) today announced that it has completed the first phase of the consolidation into Topaz of a North Texas shallow oil project by acquiring 4 producing oil wells located in Wichita County. Topaz intends to undertake a workover program on each of these 4 wells as the most cost efficient means of increasing production on these wells. The Company also intends to bring several additional wells back on-line through this workover program.
Of strategic importance, this acquisition includes 1 injection well, critical for this Topaz North Texas shallow oil project because it enables Topaz to dispose of the water generated from production of existing and new wells in an efficient and inexpensive manner, instead of paying 3rd parties to haul the water away.
The remaining consolidation of this Topaz North Texas shallow oil project is scheduled to be completed in November.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at www.topazresourcesinc.com.
Notice Regarding Forward-Looking Statements
edit-xdate is the only date you need to know, own it at the close today and you get the split.
what it close at today? .149, thats the number they'll use when it opens tomorrow. .02?? course it will trad where ever the market decides.
The link you provided shows the record date for the stock dividend is November 12. I think that means you must have bought by November 9 to be on record by the 12th. So if you bought today you don't get the 5 new shares. Unless there is a due bill attached I guess, but I've never really understood due bills.
Seems to me the share price ought to be 1/6 of what it was on November 9, or about 5 cents.
Also not sure why on earth TOPZ would split the stock 6:1 like this when price was only $0.30 or so.
circling the bowl and split is tomorrow, weird
http://www.otcbb.com/asp/dividend.asp?sym_id=TOPZ&dDate=11/12/2010&sDateType=Record_date
Here is what I found...I hold no position here...this is JFYI GL
......................
Company: Topaz Resources Inc. ( TOPZ ) Promoter: TheSUBWAY.com
10/19/2010
End of Day: Close: 0.53 Volume: 110,336
Change: 0 % Change: 0
3 Month : High/Low: 0.574 / 0.3 Volume 3m : 88,341
Compensation: none
Company: Topaz Resources Inc. ( TOPZ ) Promoter: TheSUBWAY.com
10/18/2010
End of Day: Close: 0.53 Volume: 79,100
Change: -0.04 % Change: -7.018
3 Month : High/Low: 0.574 / 0.3 Volume 3m : 88,002
Compensation: None
Company: Topaz Resources Inc. ( TOPZ ) Promoter: TheSUBWAY.com
10/14/2010
End of Day: Close: 0.57 Volume: 19,074
Change: 0.035 % Change: 6.542
3 Month : High/Low: 0.574 / 0.3 Volume 3m : 98,783
Compensation: none
Company: Topaz Resources Inc. ( TOPZ ) Promoter: QualityStocks.com
10/14/2010
End of Day: Close: 0.57 Volume: 19,074
Change: 0.035 % Change: 6.542
3 Month : High/Low: 0.574 / 0.3 Volume 3m : 98,783
Compensation: None
Company: Eagleford Energy Inc. ( TOPZ ) Promoter: WallStreetOpinions.COM
10/13/2010
End of Day: Close: 1.3 Volume: 9,200
Change: 0.05 % Change: 4
3 Month : High/Low: 1.3 / 0.85 Volume 3m : 5,281
Compensation: none
Company: Bohai Pharmaceuticals Group Inc. ( TOPZ ) Promoter: Stock Wire
10/13/2010
End of Day: Close: 2.1 Volume: 13,345
Change: 0.03 % Change: 1.449
3 Month : High/Low: 2.4 / 1.26 Volume 3m : 30,126
Compensation: None
Company: WebSafety Inc. ( TOPZ ) Promoter: Stock Wire
10/13/2010
End of Day: Close: 0.35 Volume: 8,700
Change: 0 % Change: 0
3 Month : High/Low: 2 / 0.335 Volume 3m : 35,181
Compensation: None
Company: Convenience TV Inc. ( TOPZ ) Promoter: Stock Wire
10/13/2010
End of Day: Close: 0.1 Volume: 48,020
Change: -0.005 % Change: -4.762
3 Month : High/Low: 0.35 / 0.08 Volume 3m : 111,531
Compensation: None
Company: Vidaroo Corp. ( TOPZ ) Promoter: Stock Wire
10/13/2010
End of Day: Close: 0.049 Volume: 170,450
Change: -0.001 % Change: -2
3 Month : High/Low: 0.1 / 0.036 Volume 3m : 123,537
Compensation: None
Company: General Environmental Management Inc. ( TOPZ ) Promoter: Stock Wire
10/13/2010
End of Day: Close: 0.012 Volume: 9,571
Change: 0 % Change: 0
3 Month : High/Low: 0.039 / 0.01 Volume 3m : 44,786
Compensation: None
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This might get down to .10 before the divy comes out and the shares get diluted IMO.
They need to keep this pumped up as high as they can.
I just got an e- mail pumping TOPZ from "Strong Buy Alert" There was no mention of the pumper getting any compensation from TOPZ. Pump makes a big deal of the experience of the current CEO, and his team, but these are all new to TOPZ since the shakup - of which nothing is mentioned.
The issuing of the dividend is a form of dilution. No one wants a dividend that will directly decrease the value of their shares. That is why the price drop on the news. It should pick back up once everyone has cashed out their dividend, and its effects stablize.
IMO
Best to all.
Next few sessions will tell and any news with positive developments could factor in here. I will be digging for more info and looking into their operations some more. I will share anything of interest.
maybe, guess im back to watching this one again.
Seems there is upside here and we will continue to do our DD. It was holding easily in the mid .50's and now is starting to trade in the low .30's so this may be a chance to get cheaper shares but then again...
i understand a mailer went out in july. i just received this one this month. not sure of the exact date it came. i just got home from a month working out of state.
volume 1 , issue 4 october 2010 energy stock report.
headline news alert on the front page
topaz recently announced it has signed a loi with rmj, a private independent oil and gas company, to partner in a multi-well development program. i dont own any of topz any more. maybe i should of held on to it.?
P101 - that was back in July when the price dropped off?
Looks like this could have a decent bounce from this zone. Anybody playing it?
i got a mailer from investers outreach services.
DD is someone sending out a mailer on this stock?
Yeah I would assume after the record date many would just bought for the divy would sell. Looks like it could be a buying opportunity.
I guess, but the stock price drop useally happens after the ex-date or the pay date not when the news comes out on a straight stock payment dividend announcement....weired.
Thanks for the heads up, guess i will wait to buy when it gets to $o.oo.
Big drop in price today, has to do with the divy I assume?
This pos is trading about .315 higher than it should be. P & D scam imo and always has been...
TOPZ announces share dividend of 5 for 1 equal to $1.50 at this weeks close.
http://finance.yahoo.com/news/Topaz-Resources-to-Issue-iw-1103941667.html?x=0&.v=1
TOPZ Video Chart 7/30/10
http://www.qualitystocks.net/videocharts.php?chartvid_id=452
Topaz Resources Inc. is not a current client of QualityStocks
I also got the mailer
keeping an eye on it. and it s way down again today?
down big time today but after reading the analyst report it might be a good time to pick up a few shares. Whats up?
I recieved that mailer, too... and a postcard
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Topaz Resources, Inc. (OTCBB: TOPZ) is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas.
Our objectives are to increase shareholder value, to enhance cash flows and to grow our proven reserve values by building on our strengths and by pursuing a balanced strategy of:
We believe our experienced management team represents a strength and advantage necessary to execute our strategy. Having successfully done so in the past, our team understands what it takes to build a resource company from the ground up.
Our immediate capital program includes aggressively drilling on our Barnett Shale acreage and the consolidation, acquisition and enhancement of targeted properties.
Topaz Area of Operation
Topaz has access to an extensive portfolio of producing and to-be-developed natural gas properties/projects throughout north-central-west Texas. Primary productive formations include the Strawn Sand at 5,000 ft, the Caddo Limestone at 6,000 ft., the Conglomerate at 6,500 ft ("Conglomerate"). Fractured sections of the Marble Falls at 7,000 ft and the Forestburg Limestone at 7,600 ft. can also be highly productive. For decades until the 1980's, the drilling and production focus had been for these prolific, profitable but shallower reservoirs that occur throughout Topaz's area of interest. Each well has potentially 15 to 20 productive pay zones which can provide significant behind pipe reserves thereby increasing the life span and profitability of each well. In recent years technological advances have shifted the focus to the Barnett Shale at 8,500 ft. ("Barnett").
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