Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TPLMQ: BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Is it Bye Bye investment? or can there be still something positiv coming out of this situation?
TPLM changed to TPLMQ, bankruptcy:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
BK tomorrow... https://otce.finra.org/otce/dailyList
Why it s looking good you think, it s only going down...By the way, do they still have any activity? Somebody knows something..?
So where is that big recovery at?
Deregistration saves the company a lot of costs and will finally benefit the shareholder....
Deregistration should not be confused with a going private transaction, which typically involves an infusion of capital and where a company usually has too many shareholders to deregister, causing it to undertake a transaction which results in a reduction of the number of its shareholders. Possible going private transactions include: (a) a merger with, or sale of assets to, another company; or (b) acceptance of a tender offer from another company to buy all or most of the company’s publicly held shares; or (c) declaration of a reverse stock split that not only reduces the number of outstanding shares but also reduces the number of shareholders. In this type of reverse stock split, the company typically gives shareholders a single new share in exchange for a block of the old shares. If a shareholder does not have a sufficient number of old shares to exchange for new shares, the company will usually pay the shareholder cash based on the current market price of the company’s stock.
Getting some volume finally
They close the fiscal year 31 of january...on that day or few days after you and we will know more...
Thank you. I knew about this. Just no pr, no earnings info and no update on state of the company
There is no way back anymore...end february we will all be rich...
Would be nice to know what their daily production is
I've searched and researched endlessly on this stock. Why can't I find information on what's happening currently?
Tplm will recover and recover big.
Well I am stuck in this pig , win or lose im holding . If anything is going to happen i would think late winter early fall the latest .
with what assets?
In 2018 this will be a rocket that will make Kim Jung jealous..
Not much hope here IMO , will take something huge to turn this around . Just dont see it but going to stick it out until it is UP or until it is dead
This used to be $5 now its 3 pennies.
How do u guys see it any change going up anytime in the future ..
Spike in volume and price. Not sure why. $TPLM
Zero zilch nada. I bought earlier this year. Figure I don't need to look at it again until this fall.
Nice volume today picked up 40,000 curious to hear where others think this is going $TPLM$
Hope you're right. I'm in for the long haul, longer than I wanted but hopeful.
TPLM going to 1.00 plus by year end.
And that s conservative.
Crude oil prices predicted to skyrocket to past 70.00 a barrel!
I bought some at7 cents. this is my 3rd entry. Bought my first in feb 2016 at 38 cents and sold for 1.62. in march of that year. Bought in may 2016 for 28 cents and sold for 43 cents. So at 7 cents I feel that it is going up . Someone griping about them not bringing in money well sometimes it is better to hold on to your money. Let us hope we see 1.00 by november.
* * $TPLM Video Chart 03-28-17 * *
Link to Video - click here to watch the technical chart video
Still TPLM (OTC). The bounce was inevitable, wish I could have gotten some for 0.06
And exit mostly 12 cents.
?
It looks like it's not trading.
TPLM delisted from the NYSE to the OTC, effective 9:09 A.M.:
http://otce.finra.org/DLSymbolNameChanges
Hi:) Well, I bought at .32 a couple weeks ago,and sold last week at .26. Lost a few cents, but it looks like it's getting worse! Not sure what's going on with some of these oil companies?!
Is this company ever going to recover???
Citi sees Brent oil at $70 a barrel by end of 2017
http://www.marketwatch.com/story/citi-sees-brent-oil-at-70-a-barrel-by-end-2017-2017-02-21
Or possibly "clear skys" open to .40's. Activity has been a bit giggy and volume has been steadily rising...
.29 held. Looking good!
Followers
|
45
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1136
|
Created
|
06/21/05
|
Type
|
Free
|
Moderators |
Website: http://www.trianglepetroleum.com/
Board of Directors
Triangle's strategy is dually focused on the acquisition and development of acreage in the North Dakota Bakken Shale oil play and the development and exploitation of its existing asset base in the Maritimes Basin of Nova Scotia, where it currently holds an 87% interest in approximately 474,000 gross acres. In North Dakota, the company is actively seeking to build on its current 75,000 net acreage position by acquiring additional leasehold interests throughout the Williston Basin. Technology advancements in drilling and completion techniques have unlocked the significant resource potential of the Bakken Shale, expanded the scope of the play, and increased the potential reserve additions and production profile of successful wells. Management is focused on capturing this resource for the benefit of Triangle shareholders at an attractive cost.
In Nova Scotia, Triangle has revitalized its exploration efforts and is taking a basin-wide approach to high grading its opportunity set. The objective is to identify the most attractive and lowest-risk targets for future exploration drilling. The success of Corridor and Apache Canada in New Brunswick, a structurally similar basin to Nova Scotia, as well as close proximity to take-away capacity and the attractively priced gas markets of the North Eastern United States, means Triangle shareholders have exposure to significant resource upside at a relatively low-cost. Management is currently evaluating several strategic options in the basin.
CHIEF EXECUTIVE OFFICER
Peter Hill has been Director and Chief Executive Officer of Triangle since December 2009. Dr. Hill has over 39 years of experience in the international oil and gas industry, having begun his career in 1972 with British Petroleum. He spent 22 years in senior positions at British Petroleum including as Chief Geologist, Chief of Staff for BP Exploration, President of BP Venezuela and Regional Director for Central and South America. Dr. Hill then worked as Vice President - Exploration at Ranger Oil Ltd. in England (1994‐1995), Managing Director - Exploration and Production at Deminex GMBH Oil in Germany (1995‐1997), Technical Director / Chief Operating Officer - Hardy Oil and Gas plc (1998‐2000), President and Chief Executive Officer - Harvest Natural Resources Inc. (2000‐2005), Director / Chairman - Austral Pacific Energy Ltd. (2006‐2008), as an independent advisor to Palo Alto Investors, LLC, a hedge fund founded in 1989 (2008‐2009) and as Non‐Executive Chairman - Toreador Resources Corporation (2009 to July 2011). Dr. Hill has a BSc with Honors in Geology as well as a PhD.
PRESIDENT & CHIEF FINANCIAL OFFICER
Jonathan Samuels has been Director and Chief Financial Officer of Triangle since December 2009. Mr. Samuels became President of Triangle in July of 2011. Prior to joining Triangle, Mr. Samuels was an investment professional at Palo Alto Investors, LLC. At the California‐based hedge fund, Mr. Samuels was responsible for research and investment sourcing in the energy sector. Mr. Samuels received his BA from the University of California and an MBA at the Wharton School of The University of Pennsylvania. He is a CFA Charterholder.
SENIOR VICE PRESIDENT, GENERAL COUNSEL & CORPORATE SECRETARY
Jeremy Wagers joined Triangle as General Counsel in June 2011. Before joining Triangle, Jeremy worked for over four years as an associate at Skadden, Arps, Slate, Meagher & Flom LLP as a Corporate Finance, Mergers & Acquisitions and Securities attorney. Prior to Skadden, he worked for over four years as an associate at Vinson & Elkins LLP as a Corporate Finance and Securities attorney. Jeremy concentrated on public and private securities offerings, mergers and acquisitions and corporate governance and compliance. He has represented public and private companies, master limited partnerships and investment banking firms in numerous capital markets offerings. Jeremy has extensive knowledge in the exploration and production, midstream and oilfield services industries. Jeremy received his BBA (summa cum laude) in Finance and Economics from the Baylor University and his JD with Honors from The University of Texas School of Law.
Shale gas is natural gas that is typically produced from "continuous" gas accumulations where thick shale rock formations extend over a large area and are characterized by high levels of organic carbon or kerogen, the source of the gas. Shale plays can hold an enormous amount of natural gas and are capable of producing gas at a steady rate for decades. Although shale is a very common sedimentary rock and is a known source for unconventional natural gas reservoirs, the energy industry has not pursued widespread commercial development of shale plays until quite recently. As an unconventional resource, shale gas has traditionally been difficult to extract economically. Shale gas plays are characterized by low permeability which causes gas to flow more slowly than conventional gas resources and generally requires fracturing to allow gas to flow to well bores. As the price of natural gas climbed due to increasing demand and the flow rates significantly improved due to improved and cost-effective hydraulic fracturing technology, shale gas production became economically viable in the 1990s and led to the development of successful shale gas plays such as the Barnett and Fayetteville Shales in the United States. Significant shale plays are now being developed in Canada.
The Windsor Block covers 474,625 gross acres in the Windsor Sub-Basin of the Maritimes Basin located in the province of Nova Scotia, Canada. The property is within 25 miles (40 kilometers) of the Maritimes & Northeast Pipeline which supplies gas to one of the largest markets in North America - the northeastern United States. Natural Gas prices in these markets generally receive a premium to the benchmark Nymex Henry Hub price. Royalty rates in the province are a very reasonable 10% and initial production from new fields may qualify for a two-year royalty holiday.
Triangle originally acquired an interest in the Windsor Block through a farm-in agreement with Contact Exploration Inc. reached in May 2007 and earned its initial 70% working interest in the block by drilling and completing the first vertical test well in early 2008. Subsequently, in June 2008, Triangle reached a joint venture agreement with Zodiac Exploration Corp. Under the agreement, Zodiac paid 50% of drilling costs in a $16 million exploration and delineation program in exchange to earn a working interest of approximately 13% in the Windsor Block. Triangle operated the program and contributed 20% of the costs of the exploration program. Triangle's working interest in the project is 57% following conclusion of the 2008 drilling program. On June 11, 2009 Triangle executed a definitive agreement with Contact Exploration Inc. to acquire Contact's 30% working interest in the Windsor Block in exchange for agreeing to provide Contact a 5.75% non-convertible gross overriding royalty interest. Contact also received a cash payment of $270,000 and Triangle assumed the liabilities related to Contact's former working interest. Triangle now has an 87% working interest.
From May 2007 to June 2008, Triangle executed the first phase of the Windsor Block exploration program consisting of a 2D and 3D seismic program, geological studies, and drilling and completing two vertical test wells (Kennetcook #1 and Kennetcook #2). From July 2008 to March 2009, Triangle executed the second phase of the Windsor Block shale gas exploration program consisting of drilling three vertical exploration wells (N-14-A, O-61-C and E-38-A) and completing one of these wells (N-14-A).
During the first quarter of fiscal 2010 (Feb 1 - Apr 30, 2009), Triangle tested the N-14-A well, which was completed in early December 2008 with a four-stage perforation and fracture treatment. The frac flowback operations were suspended in April 2009 after the well recovered 15% of load fluid but negligible gas production. Subsequent analysis indicates an unusually high insitu stress regime in the immediate vicinity of the well, likely due to proximity to a major fault, which contributed to fracture ineffectiveness. Completion operations on the O-61-C well commenced in March 2009 and continued into early May. Several tight sand and carbonate intervals were perforated but not fracture-treated. Triangle obtained useful geological information from the well that will help guide subsequent exploration efforts. No hydrocarbons flowed from the well.
During the second quarter of fiscal 2010 (May 1- July 31, 2009), operations on the E-38-A well moved forward with three zones having been perforated and treated with diagnostic "micro-fracs." Engineering data from these tests are currently being evaluated. E-38-A evaluates an area of the Windsor Block which is structurally and geologicall y distinct from previous wells drilled in the field. Also in the second quarter, the two wells drilled in 2007, Kennetcook #1 and Kennetcook #2, were re-entered to isolate and test individual zones to identify the "gassiest" intervals in each well. From these tests, it appears the fracture treatments undertaken previously have commingled multiple zones together, making it difficult to separate gas from water in the subsurface.
On April 16, 2009, Triangle executed a 10-year production lease on its Windsor Block in Nova Scotia. The specifics of this production lease include the following highlights:
Triangle continues to evaluate and rank various shale opportunities in both Eastern and Western Canada. The objective is to secure an initial land position, engage an industry partner, and commence an exploration program. Triangle has extensively studied the Maritimes Basin in Nova Scotia and New Brunswick, and has identified several potential opportunities in the Maritimes, outside the Windsor Block.
In Western Canada, Triangle has participated in a multi-company shale gas geological study of the Western Canadian Sedimentary Basin. Triangle has had the study reviewed independently, employed its own key technical indicators, and is in the process of identifying prospective shale gas opportunities which make sense for the company's skill set and business plan. This follows the corporate strategy utilized in the Windsor Block in which the company capitalized on previous shale gas experience to secure an early stage shale opportunity, with a large land block, close to infrastructure.
Shale gas is natural gas that is typically produced from "continuous" gas accumulations where thick shale rock formations extend over a large area and are characterized by high levels of organic carbon or kerogen, the source of the gas. Shale plays can hold an enormous amount of natural gas and are capable of producing gas at a steady rate for decades. Although shale is a very common sedimentary rock and is a known source for unconventional natural gas reservoirs, the energy industry has not pursued widespread commercial development of shale plays until quite recently. As an unconventional resource, shale gas has traditionally been difficult to extract economically. Shale gas plays are characterized by low permeability which causes gas to flow more slowly than conventional gas resources and generally requires fracturing to allow gas to flow to well bores. As the price of natural gas climbed due to increasing demand and the flow rates significantly improved due to improved and cost-effective hydraulic fracturing technology, shale gas production became economically viable in the 1990s and led to the development of successful shale gas plays such as the Barnett and Fayetteville Shales in the United States. Significant shale plays are now being developed in Canada.
The Windsor Block covers 474,625 gross acres in the Windsor Sub-Basin of the Maritimes Basin located in the province of Nova Scotia, Canada. The property is within 25 miles (40 kilometers) of the Maritimes & Northeast Pipeline which supplies gas to one of the largest markets in North America - the northeastern United States. Natural Gas prices in these markets generally receive a premium to the benchmark Nymex Henry Hub price. Royalty rates in the province are a very reasonable 10% and initial production from new fields may qualify for a two-year royalty holiday.
Triangle originally acquired an interest in the Windsor Block through a farm-in agreement with Contact Exploration Inc. reached in May 2007 and earned its initial 70% working interest in the block by drilling and completing the first vertical test well in early 2008. Subsequently, in June 2008, Triangle reached a joint venture agreement with Zodiac Exploration Corp. Under the agreement, Zodiac paid 50% of drilling costs in a $16 million exploration and delineation program in exchange to earn a working interest of approximately 13% in the Windsor Block. Triangle operated the program and contributed 20% of the costs of the exploration program. Triangle's working interest in the project is 57% following conclusion of the 2008 drilling program. On June 11, 2009 Triangle executed a definitive agreement with Contact Exploration Inc. to acquire Contact's 30% working interest in the Windsor Block in exchange for agreeing to provide Contact a 5.75% non-convertible gross overriding royalty interest. Contact also received a cash payment of $270,000 and Triangle assumed the liabilities related to Contact's former working interest. Triangle now has an 87% working interest.
From May 2007 to June 2008, Triangle executed the first phase of the Windsor Block exploration program consisting of a 2D and 3D seismic program, geological studies, and drilling and completing two vertical test wells (Kennetcook #1 and Kennetcook #2). From July 2008 to March 2009, Triangle executed the second phase of the Windsor Block shale gas exploration program consisting of drilling three vertical exploration wells (N-14-A, O-61-C and E-38-A) and completing one of these wells (N-14-A).
During the first quarter of fiscal 2010 (Feb 1 - Apr 30, 2009), Triangle tested the N-14-A well, which was completed in early December 2008 with a four-stage perforation and fracture treatment. The frac flowback operations were suspended in April 2009 after the well recovered 15% of load fluid but negligible gas production. Subsequent analysis indicates an unusually high insitu stress regime in the immediate vicinity of the well, likely due to proximity to a major fault, which contributed to fracture ineffectiveness. Completion operations on the O-61-C well commenced in March 2009 and continued into early May. Several tight sand and carbonate intervals were perforated but not fracture-treated. Triangle obtained useful geological information from the well that will help guide subsequent exploration efforts. No hydrocarbons flowed from the well.
During the second quarter of fiscal 2010 (May 1- July 31, 2009), operations on the E-38-A well moved forward with three zones having been perforated and treated with diagnostic "micro-fracs." Engineering data from these tests are currently being evaluated. E-38-A evaluates an area of the Windsor Block which is structurally and geologicall y distinct from previous wells drilled in the field. Also in the second quarter, the two wells drilled in 2007, Kennetcook #1 and Kennetcook #2, were re-entered to isolate and test individual zones to identify the "gassiest" intervals in each well. From these tests, it appears the fracture treatments undertaken previously have commingled multiple zones together, making it difficult to separate gas from water in the subsurface.
On April 16, 2009, Triangle executed a 10-year production lease on its Windsor Block in Nova Scotia. The specifics of this production lease include the following highlights:
Triangle continues to evaluate and rank various shale opportunities in both Eastern and Western Canada. The objective is to secure an initial land position, engage an industry partner, and commence an exploration program. Triangle has extensively studied the Maritimes Basin in Nova Scotia and New Brunswick, and has identified several potential opportunities in the Maritimes, outside the Windsor Block.
In Western Canada, Triangle has participated in a multi-company shale gas geological study of the Western Canadian Sedimentary Basin. Triangle has had the study reviewed independently, employed its own key technical indicators, and is in the process of identifying prospective shale gas opportunities which make sense for the company's skill set and business plan. This follows the corporate strategy utilized in the Windsor Block in which the company capitalized on previous shale gas experience to secure an early stage shale opportunity, with a large land block, close to infrastructure
Triangle Petroleum Corporation (AMEX:TPLM) is a growth-oriented energy company with 75,000 net acres in the North Dakota Bakken Shale oil play and 413,000 net acres in the Maritimes Basin of Nova Scotia.
Triangle Petroleum Corporation is the parent company of the wholly owned operating subsidiary, Elmworth Energy Corporation
Share Information | |
AMEX: | TPLM |
Shares Out: | 42.9 million |
Diluted Shares: | 42.9 million |
Insider Ownership: | 4% |
Institutional Ownership: | 75% |
Jonathan Samuels, CFA
President & Chief Financial Officer
Email: info@trianglepetroleum.com
TPLM Charts
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |