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Hold on to it for five years and you will see the difference
It's looking really dark And quite down here need to shed some sunlight on this guy
It absolutely is....have you seen the stock price lately?
TOPZ Management Team:
Edward J. Munden, CEO, is a professional geological engineer with an MBA and is a co-founder of a private boutique investment banking organization that has provided and/or arranged early and mid stage venture capital and hands-on managerial assistance to a portfolio of energy, mining and technology software companies. From 2001 to present, Mr. Munden has focused on development and financing of oil and gas leasing and drilling projects in the Barnett Shale play in north-central Texas with a strategy of accumulating a solid mineral lease position and building a strong operational capability. In 1994, Mr. Munden co-founded a Dallas based independent NASDAQ-traded public energy company engaged in the exploration, development and acquisition of oil and natural gas properties and held senior level positions including Director, Chairman, President and CEO until it was sold for over $150 million in December 2001. Mr. Munden has held positions in the energy, mining, manufacturing and technology industries for more than 30 years.
Robert P. Lindsay, COO, is a second-generation oil and gas professional with over 43 years experience in the petroleum industry. He has planned and executed drilling and rework programs in Texas, Louisiana, Kentucky and New Mexico. From 2001 to present, Mr. Lindsay has focused on locating, evaluating and securing mineral leases in the Barnett Shale play in north central Texas, wherein he has drilled or participated in over 250 oil & gas wells in the immediate region; has assembled, drilled and sold over 10,000 acres with dollar values approaching $100 million; and has built and sold 6 Barnett Shale drilling rigs. Prior to this, Mr. Lindsay was Chief Operating Officer of a NASDAQ energy company responsible for all administrative and operational aspects of the company's producing and development properties. From 1973 until 1995, Mr. Lindsay managed over 200 employees and 10 drilling rigs concentrating on drilling oil and gas wells throughout north Texas. Prior to 1973, Mr. Lindsay held senior positions with an international oil and natural gas drilling and exploration company headquartered in Tulsa, Oklahoma.
Rand Stinnett, VP and General Counsel, is a fourth-generation oil and gas professional, having focused full-time on Barnett projects since 2000. Through various entities, Mr. Stinnett has executed a successful, disciplined leasing strategy that has resulted in the acquisition and development of over 10,000 acres of quality mineral leases within the Barnett in and around Wise, Denton, Montague and Tarrant Counties, Texas. Mr. Stinnett is a commercial/business attorney and petroleum landman who has represented clients in all aspects of the oil and gas business, including financial institutions, mineral owners, working interest owners, operators, drillers and contractors. Since 1982, he has engaged in a general civil legal practice involving title examination, commercial litigation, transactional work and regulatory/corporate matters, both as a sole practitioner and in association with law firms, in Hurst and Austin, Texas. Mr. Stinnett is licensed to practice law in both Texas and Oklahoma and holds B.S. and J.D. degrees.
Bill Williamson, VP Operations and Land, is a certified petroleum landman with over 28 years experience in the oil and gas industry including eight years experience in operating and building oil and gas drilling rigs. In 2005, Mr. Williamson co-founded a company to build and operate land drilling rigs, completing construction of three drilling rigs. Prior to this from 2002, he worked for an independent drilling contractor located in Denton, Texas. From 1998 to 2002, Mr. Williamson was VP, Land for a NASDAQ energy company responsible for all land, acquisition and divestiture transactional contracts and agreements. Prior to 1998, Mr. Williamson provided clients with oil and gas asset management, acquisition and divestiture services from a land and legal perspective.
Bruce I. Benn CFO and VP Finance, is a specialist in investment banking and international finance with over 25 years experience in identifying, structuring and negotiating acquisitions and investments, particularly in the energy, mining and technology sectors. He arranges and executes public and private offerings of debt and equity financing and oversees all aspects of public and investor relations and regulatory compliance. He was instrumental in structuring and arranging over $500 million in debt and equity financing for a NASDAQ energy company. He is a co-founder of a private boutique investment banking organization, where he focuses on structuring transactions and interfacing with a select core of institutional and private investors. Mr. Benn is an attorney and holds B.A., LLB and LLM degrees.
lastest SS
Share Structure
Market Value1 $3,523,590 a/o Jun 08, 2011
Shares Outstanding 518,175,000 a/o May 13, 2011
Float Not Available
Authorized Shares 700,000,000 a/o Apr 16, 2010
lol i don't but its about that time wouldn't u say!
And you know this how? and when is this supposed to happen?
this company hasn't had any action in a while !!!!!!!!
when are they going to make money again?
You can find their annual report here... http://biz.yahoo.com/e/110415/topz.ob10-k.html
Some good DD here.
I actually washed out of this with a small 47% profit. It was the worst sit I have had in over a year. I wanted the ownership levels to be higher. Agree, the gentlemen have a good track record, and I keep this active as a view.
As a value investor, I would hold on to this in the next 1 - 2 years simply because of the value it holds.
nope, i guess patients\?
nope, i guess patients\?
Seriously, getting sick of holding on to this piece of crap. Anybody heard anything?
You still expecting something to come down the pipe here? Bottom play could be interesting if something tangible.
Wow, sorry I tried it several times could not access thanks I was able to today
the link you posted get you to the topaz page, no prob.
I accessed no problem
Does anyone know why the website to Topz is not pulling up? I tried the link http://www.topazresourcesinc.com/ and a page for GoDaddy says it has expired?
LEARNINGTHETRUTH, WHAT DO YOU THINK OF THE MESSAGE YOU POSTED ON POLAR AND TOPZ?
Just saw it-
Polar Resources Corporation (RSN.H-X)
VANCOUVER, Mar 25, 2011 (Canada NewsWire via COMTEX) -- Robert Constantine Grey, President and Director of the Company is pleased to announce that Polar Resources Corporation has entered into a written Participation and Joint Development Agreement with Topaz Resources, Inc. a publicly traded corporation (OTCBB: TOPZ) and RMJ, Inc. to participate in the development of an existing oil and gas lease consisting of approximately 1187 acres in the Barnett Shale Oil play, located just North of Fort Worth Texas in Montague County.
The agreement with Topaz provides Polar with the opportunity to purchase a 62.9883% working interest in an initial vertical Barnett Well that has been drilled and cased and is awaiting fracture treatment. Polar will also acquire a 62.9883% working interest in the 40 acres surrounding the well. Polar will have a 71.875% cost obligation of the completion costs of this well through the tie-in to gas pipeline and the installation of Oil Storage tanks. The agreement calls for the purchase of the working interest in this initial Barnett Well with a cash payment to Topaz of $1 Million USD. Topaz will be the operator of the well.
As part of the agreement, Polar will earn the right to participate in the drilling of an additional two horizontal wells and by doing so to earn a 52.6855% working interest in these wells and their surrounding unit acreage. Upon completion of the two additional wells, Polar also earn the right to participate with Topaz and RMJ in the drilling of additional wells with a 52.6855% working interest and a cost obligation of 64.8348%.
In concert with the purchase of the working interest in the well from Topaz, Polar has agreed to an initial purchase of 600,000 shares (for $300,000 USD) of RMJ, a private Nevada company and working interest participant in the Barnett project. The agreement allows Polar to acquire 4 Million common shares of RMJ at a price of 50 cents US per share for a total investment of $ 2 Million USD in stages. This will represent a 24% equity interest in RMJ when completed. RMJ has minority working interests in other producing wells with additional development acreage in prospective regions of the Texas.
Polar is in the process of concluding a private placement of up to 1,333,333 common shares at 15 cents per share for an aggregate acquisition cost of $200,000. The Use of Proceeds is for general corporate purposes. The Company intends to finance the participation in this oil and gas prospect by the issuance of a 5 year term Redeemable Convertible Debenture in the aggregate amount of $2,000,000 with an interest rate of 8% per annum. The conversion price will be set at $1.00 per share.
It is intended that this series of transactions will constitute a Reactivation of the Corporation under TSX Exchange Policy 2.6. Subject to the completion of these transactions and receipt of regulatory approvals, it is anticipated that the Corporation will graduate to Tier 2 of the TSX Venture Exchange as an oil and gas issuer.
The transactions contemplated by the Corporation are subject to receipt of any and all required regulatory approvals and the acceptance of the NEX and the TSX Venture Exchange.
The NEX or TSX Venture Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statement inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporation's ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporation's public filings under "Risk Factors". The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
On behalf of POLAR RESOURCES CORPORATION
"Robert C. Grey" Robert C. Grey, President
This stock needs a PR. It's been like 3 months with out one.
Not even really watching this that hard. Like I said, just waiting on the financials. Good plan I must say. And yes, looks good.
Looking good-
Move imminent?
Did spread it out.
Holding ALL my LBSR shares from last Summer-not sold 1 share there.
I spread another chunk in TOPZ, BLUG, and FRMC.
I have PATIENCE will all positions and will sell ONLY when the run(s) come and have hit my appropriate targets.
I'll sit for years if need be.
Well spread it out. Like I said, I'm holding til the 10-k comes out, or April 15th(worst case scenario). Need to check on the ownership. Still siting on the FRmc shell play, and without a doubt, in Rio gande(blug). Like gas and oil my friend.
Gas and oil are HOT for sure-
One good PR here with some confirmation and off to the races. Break .02 and TOPZ will be off and running hard IMHO. Will try to accumlate more in the coming days. Thanks OMO-
It's all good. This equity was pr'd through a secondary source the last quarter of 2010(actually prior to last quarter). It now sits clean after the split, with given permits , lease data, and drilling confirmations. Gas and oil is hot. Chart shows a move pending. Bring it.
Thought you would enjoy this commentary-
What those pundits seemed to miss was the reason that oil was spiking so sharply. The reason that seemed apparent (at
least on the floor) was a series of rumors about Saudi Arabia.
In the Consensus section of Tuesday’s Comments, we noted that traders were concerned about a sharp selloff in Saudi
Arabian Indices. The selloff itself became the topic of one of the early rumors. Some suggested that the pronounced
weakness was the result of wealthy Saudis pulling money out of the markets to secure it against potential looming unrest.
Another rumor that popped up was that the Saudis were sending tanks into neighboring Bahrain to shore up a fellow
Sunni monarchy. A somewhat lesser rumor on the same topic was that the alleged tanks had only been sent as far as the
causeway that marks the border with Bahrain.
Somewhat later another rumor said that the Saudis had imprisoned a noted Shiite cleric who had called for a shift to a
limited constitutional monarchy to replace the current monarchy in Saudi Arabia. When the press seemed to confirm the
arrest of the cleric, oil spiked higher still sending stocks even lower.
By end of day, the Saudi rumors and concerns (and their effect on oil) trumped things like a better ISM number and the
Bernanke testimony. The oil influence is most evident in the drubbing taken by the Transports and cyclical stocks. The
result was another rather ugly Distribution Day.
The Saudi Cauldron – It was not just markets and traders who saw the implications of new pressures on Saudi Arabia.
Here is an insightful summary of the situation from the very savvy George Friedman at Stratfor:
Ever since popular risings toppled the Tunisian and Egyptian presidents, the Saudis have worried about the
potential for unrest within the kingdom’s borders. But when street demonstrations erupted in neighboring
Bahrain, the Saudi kingdom became even more concerned because Bahrain’s opposition consists largely of the
country’s 70 percent Shiite majority.
Terrified at the prospect of empowerment of the Bahraini Shia, Riyadh has been closely working with Manama to
contain the unrest. The Saudis fear that any gains made by the Bahraini Shia could energize the kingdom’s Shiite
minority (estimated at 20 percent of the population, concentrated in the oil-rich Eastern province and linked to
Bahrain via a causeway). The arrest of the Saudi Shiite cleric, however, could accelerate matters. The world’s
largest exporter of crude could experience unrest even before the Bahraini Shia are able to extract concessions
from their minority Sunni rulers.
Compounding matters for the Saudis is the fact that this is not just a sectarian rising. There are a great many
Sunnis within the kingdom who desire political reforms. Such demands create problems for al-Saud at a time
when the royal family is reaching a historic impasse due to an aging leadership.
Between the need to manage the transition, contain the general calls for political reforms, and deal with a restive
Shiite population, the Saudi kingdom becomes vulnerable to its archrival, Iran, which is looking at the regional
unrest as an opportunity to project power across the Persian Gulf. Even if there had been no outbreak of public
agitation, Arabian Peninsula leaders were gravely concerned about a rising Iran. From the Saudis’ point of view,
the 2011 withdrawal of American forces from Iraq will leave them exposed to an assertive Iran.
But now domestic turmoil, especially one involving Shia, only exacerbates matters for the Saudis. Political reforms
in the kingdom threaten the Saudis’ historic hold on power. But any such reforms also translate into enhanced
status of the minority Shiite population, which in turn means more room for Iran’s potential maneuvers.
The Saudis are thus facing a predicament in which pressures to effect change on the domestic level have serious
geopolitical implications.
A clear break of $103-104 level
could push oil to the $130-160 area IMHO.
Is there another small microcap oil play you like better than TOPZ?
Holding two small R/M for potential energy plays and holding F*MC for debenture resolution or another oil play by Norm.
Yep. "The head of Libya's oil company, Shokri Ghanem, told Reuters the nation's problems could push prices over $130 a barrel if they persist."
http://www.reuters.com/article/2011/03/02/us-markets-oil-idUSTRE71192R20110302
You have to buy oil equities. Period.
Another Spike-
Oil prices are currently up 1.9% at $101.55 per barel, but they were recently as high as $101.79 per barrel. Some reports have surfaced saying that Libyan fighter jets have fired on Masra El Brega, which is home to an oil terminal.
Thanks. I am interesting Topz. Hope to read more information.
Wall Street lower as crude oil jumps
http://finance.yahoo.com/news/Wall-Street-lower-as-crude-rb-3246590178.html?x=0&sec=topStories&pos=1&asset=&ccode=
Wait for the news, it's been over two months since anything. Look for some volatility.
Thought I would put up a chart on an illiquid security. Lot to think about here, especially ownership. Company is legit, and proceeding. No news though, that may just be the kicker here. Think hard here:
You might just be asking yourself what the float is, and given the volume sold off, be it retail only? I'm thinking so for the most part. Refer to Texas, they are drilling.
GM ONO, never mind about the SS, I got it from the OTC pinksheets website. Thanks
You need to clean up the header. Something is coming down the pipe shortly.
Bottom line. I like the plat situated next to NYSE:EOG in Montague county(surrounding, producing area).
I like Wichita for the shallow as well. It has been and is producing. Refer to the data for both, and look to Denton county as well. These kids are proven in Texas, that is the to be determined nut. Refer to DEVX, and current CEO, etc(the cat sold it for nice cash)..
Smells like bank.
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.
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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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