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I'm holding til April 15th or until the 10-k comes out. That is the worst case scenario though. If anything good, will sit longer.
I see no forms being filed with regards to ownership(selling). The previous agent had restricted shares since Jan of 09'(75%). That's one year for non-reporting. I have been looking for any loop holes in the sec rules, need to be an attorney of such to get full scope.(507 mill out)
Refer to the time line, placement in Dec of 09', reinstatement Nov of this year, and two splits(april 09'/ nov 10'). I've confirmed the leases, and drilling that was stated by the company. Their previous history is commendable to say the least.
The last permit(most recent) was filed mid January of this year:
http://webapps.rrc.state.tx.us/DP/changeQueryPageAction.do?pager.offset=20
further ref..
ref:http://ccfcorp.dos.state.fl.us/scripts/cordet.exe?action=DETFIL&inq_doc_number=P09000005979&inq_came_from=NAMFWD&cor_web_names_seq_number=0001&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TOPAZRESOURCES&names_filing_type=
ref:http://www.otcmarkets.com/stock/TOPZ/financials
Sell off seems retail since last split(nov 15/16):
The private placement concluded 1 1/2 months before the new ceo came into play. You can call the company, etc..., but the 10-k confirms. Should be about time to see a pr, given the past two months. we will see.
Hey what's up? Hit a 17,000 ft well in the Eagle Ford Shale. Found both oil and "oily" gas. Well produces 1 million a month in revs. This thing any good? I got some spare change laying around.
Yes,
and also if u could repsond to post # 2151659 on BB's Stock Haven.
Thanks.
Are you referring to share structure?
Hello ONO, where can I find the info for the SS of the co.? IBox doesn't contain that info.
TIA
GM ONO, thanks for the detailed msg. Much apreciated.
Thanks again.
The Montague area is very interesting:
"we are completing the consolidation into Topaz of over 750 net acres in the oil leg of the Barnett Shale in Montague County in North Texas, which has 18 identifiable drill locations"
http://www.otcmarkets.com/stock/TOPZ/news
Here is the plat:
Here is a snip of the area, EOG(NYSE:EOG) is showing some of their operations to the right in this image. The production data is very impressive.
Here is "some" of the data from from EOG:
http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=|2=01|3=2010|4=12|5=2010|103=31695|6=O|102=09|8=specificLease|204=district|9=dispDetails|10=0
ref tools: http://webapps.rrc.state.tx.us/DP/publicQuerySearchAction.do
http://gis2.rrc.state.tx.us/public/startit.htm?api=33734192
legend:http://gis2.rrc.state.tx.us/public/help/legend.html
Just drilling and permitting currently. I have been focused in Wichita county on the 543 acre tract mainly.
"we have consolidated into Topaz our North Texas shallow oil project,which comprises over 543 acres with a history of proved producing oil wells, located in Wichita County in North Texas and in which we have commenced both multi well work over and drilling programs for the first phase of 12 identifiable drill locations;"
http://www.otcmarkets.com/stock/TOPZ/news
This is the lease(Ramming Stephen):
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPublicQuery=Y&name=RAMMING%2BSTEPHEN&univDocNo=486400966
This is a snip shot of that area:
Here is the reference page for data pertaining to that tract:
http://gis2.rrc.state.tx.us/public/startit.htm?api=48545004
What is the SS here? TIA
I have to tell you, been watching this since pre-split, waited for the sellers, and took hold here about a month ago. For the life of me, I can not believe this sold off(less the dividend shares). These guys are very real players, and given the recent climate, why would this not be in a stronger mode? People are just not getting it here, oh well. Recent news here for Montague County provided by EOG resources on 2/18/2011(NYSE:EOG):
"In the Fort Worth Barnett Shale Combo where it drilled over 230 net wells in 2010, EOG continues to make operational improvements that are increasing per well reserves and lowering individual well costs. The Ava Unit #1H and #2H were completed with initial production rates of 337 and 489 Bopd with 311 and 524 thousand cubic feet per day (Mcfd) of liquids-rich natural gas, respectively. The Hailey Unit #1H and #2H were completed with initial rates of 335 and 320 Bopd with 207 and 261 Mcfd, respectively. EOG has 100 percent working interest in all four Montague County wells. EOG plans to run an active drilling program in the Barnett Shale Combo again this year."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7738436
Just a refresher, know your neighbors, hard to stay quite about this, but it is very nice, I must say.
"EOG has leases surrounding the Topaz leases and has shot 3-D seismic on large sections of Montague County (including the Topaz project area)"
http://www.topazresourcesinc.com/barnett-oil.php
This is a very nice "quite" play here. I don't think anyone is paying attention currently, which is a good thing. Good people running this, at a very opportune time.
Still holding, little jump today. nice!
Can someone please give their educated thoughts on where this thing is going? They were supposed to have completed the drilling of 3 wells and the acqusition of Dark Horse last month and still no news?
very nice indeed
looking strong on the bid too,,,;)
Increases with no news... nice!
i noticed yesterday & this morning there were some very nice hits on the ASK @.017+- and today there was some nice bid support
did anyone notice the strange occurance with this today?? At about 120pm cst? When I went on pinksheets.com and then etrade, when I typed in topz, it said it was now trading as CLPI. At the time, you couldn't get into the forum here, or on yahoo.finance.. Not sure what was up with that. I wonder if it means something may be up.. anyway, wondered if anyone else saw this in the last 1 1/2 hours of trading..
Any idea when TOPZ will provide news that Dark Horse is completed?
Americanbulls upgraded from Sell to Hold
yeah baby! Go TOPZ!!
ETMM walked it down at the end of the day, but still a decent close. chart looks great going into tomorrow too. looking forward to tomorrow's open.
print .017 with ask getting hit -- this board is dead. where's the excitement?
print .016 with spread of .016/.017. up 45% today.
where is everyone on this board?
topz print .015 with spread of .015/.015 -- can't get any closer than that.
here comes the shake. bid dropped .0126/.014
yep, liked the positive divergence on the macd. i was in at .008 last week, but had to sell for another play. should be a decent run imo.
nice buy...looks like this is reversing here
correct. just letting people know that those aren't sells but rather my buys. i'd move my order up but don't really want to pay double commissions.
yes, but it shows up as a sell since you are not buying at the ask
again, the 10K at .0129 was my buy again.
on L2, the "sell" at .0129 was actually my buy for 60k more shares
print .0135
L2s show it is set up nicely
1MM at .0135
1MM at .015
1MM at .016
2MM at .017
Not sure we will find out better next wk
Smitter SMTT
Where is it going?
TOPZ on the move
I should have watched the bottom more.
Smitter SMTT
Can anyone tell me where topaz is headed.
I read thi is going to be a great stock in
2011.can someone please explain why!!!
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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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