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LEH - Worth a gamble here but don't play with the mortgage.
Seems like excellent news. I'd like them to start buying back shares with some of the revenue when they get these wells on line.
Guess we'll wait and see. For now, this company looks like it is actually doing something as opposed to many pinkies.
ECP
P.S. Does anyone have the GPS coordinates for Crows Run field? I have access to an aircraft with arial photography capabilities and will be more than happy to take some pictures and post them for you all.
Titan Oil And Gas Has Retained Two Well Service Companies To Rework and Manage The Wells In The Crows Run Field
Titan Oil and Gas Inc. (Pink Sheets:TNOG) has retained Getty Well Service (GWS) and Petroleum Service Partners (PSP) to start work in the first week of August. Both well service companies will be working in concert to rework and perform maintenance on all of the Crows Run Oil and Gas Field wells. As shown in a previous release, the affect of their services will be profound targeted to bring all 61 wells online from the 27 that are currently producing. The rework is projected to increase production at the field from 72.9 BBL/1,950 MMBTU per month to 2,287.5 BBL/ 7,930 MMBTU per month after all wells are serviced. Each well rework will take 1-2 days on average to complete.
GWS will be responsible for the reworking and maintenance of wells, including the removal of paraffin buildup which has caused a substantial reduction in each wells production. They will also provide replacements for any of the pumpjacks parts and other equipment that might be worn or broken. PSP will start serving as the operator on the Crows Run Oil and Gas field once operations commence. Their work includes assembling the gas pipeline and providing and maintaining compressors as needed. PSP will also distribute oil and gas revenues to the various entities as these are sold off to gas purchasers and Ergon Oil.
“Dennis Getty [owner GWS] and Chuck Brown [owner PSP] have been doing work on the wells in the region for over seventeen years and know this area quite well,” according to Titan Oil and Gas President Brandon Toth. He continued, “The information we received from both companies was invaluable as we considered the acquisition and have continued to be helpful as we execute our plan for the Crows Run Field.”
It looks like TNOG is finally getting their act together. I hope they are able to deliver on this estimate and in the process move the SP closer to pennyland. I don't see why this can't go to 10 cents if they do deliver on this estimate.
I have been down on TNOG as some of my previous posts have indicated but it sure looks like Brandon and Co are getting the ball rolling. I'll continue to watch with guarded optimism but for now, it seems like this company may be for real.
GLTA
ECP
I'm going to leave Crow where he belongs (in the ashbin of history) and try to shift the conversation to future TNOG price moves.
It seems like we are getting significant resistance at .007 and can't seem to break this barrier. What will it take to get TNOG above this wall and into the .01's?
Intelligent thoughts appreciated.
v/r
ECP
No problem, I'm a man and can admit when I am wrong. I'd like to buy more at these levels but apparently TNOG is restricted from trading online. I have Scottrade. Has anyone else had problems trading TNOG online?
ECP
Let me be the first to say I was wrong about this stock being dead. From what I can see now, we have a steady move upward and it looks like it will continue. I hope the company keeps putting out timely PR's.
Congrats to all you who bought in low. I hope we see a penny soon.
Again, I was wrong.
/r
ECP
Quite amusing that you are here trying to give us "poor scammed investors" advice on what to do. Let me clue you in to reality thong_queer; penny stocks are highly risky and all of us know that the vast majority of these companies are scams. You get into them knowing they are more than likely scams but you do so with the hole that you will be able to get in, get out and move on after making a buck. The reason we are holding the bag is because we didn't get in and out fast enough, not because we believe the company will rebound. Therefore, I'll take my lumps and move on.
Who gives a crap about a lawsuit. Most of us didn't invest a ton in here and have probably already written it off as a tax loss. Pinkys are speculative and we all go in knowing we could lose it all. This one has been a loser, I have plenty of winners.
Maybe this comes back, for now it's a reminder that there are scams out there.
Thong_queen would you mind posting a picture of you in a thong?
He will never inform us because he doesn't care about us. We are his ATM machine. This company is going nowhere fast and I would expect it to wind up like many of the other Stinky Pinkies that just fade away leaving countless bagholders.
Mr. Garth,
First of all, how stupid do you think we investors are? On second thought, don't answer that question, we all invested in your company so that makes us pretty dumb. Let me rephrase; do you take us for complete morons who can't see through the smoke and mirrors you are using to pull the wool over our eyes while you screw us AGAIN after the R/S? (Wow that was a lot of cliches) Good grief, I understand you are trying to make a living but for crying out loud, do so in an honest fashion.
Second, do you really think by putting out completely plagiarized PR's and then trying to tell us you got permission to do so will attract new investors? Who are you trying to kid? Your company is DOA right now and since you have repeatedly told us that this is your retirement fund, wouldn't you be trying to save it instead of sinking it further? Wait, that would imply that you actually cared about the company and the investors which you obviously don't.
Third, in case you didn't catch my sarcasm, all the questions I asked were rhetorical. Don't bother answering them, I don't think any of us want to drown in the sea of RS I mean BS that will emminate from the orifice beneath your nose. Please just come clean, you already bilked most of us out the little money we put in here, how much more do you think there is with inept management at the helm like yourself?
Respectfully,
ECP
I love how I ask a simple question on this board and get deleted. Got to love the truth.
I'm sure the SEC will be a lot of help. Garth is a small fish in a big pond, they don't give a rats arse about small time scam artists like him. Good luck with those jerkoffs.
Stand by for more double fisted action form Garth. I expect the dilution to start in short order with the price being driven down to .0001. Another R/S will follow...rinse and repeat.
JMHO
Oh and one more thing, Garth is using all the shares he printed for TP to wipe the stink of this company off his ample backside.
Mine showed up but they are just as worthless as when this was .0001 Looks like Garth sold a ton today and left us all holding the bag before we could sell.
I guess in answer to my question 2 days ago, Garth wasn't done sticking a fid up our arse! So I say stand by for more double fisted anal action most likely to happen on Monday.
Prediction: Monday close below a penny.
Have a great weekend.
EP
Thanks for shafting us shareholders. Can we look forward to more shafting in the future or was this last reaming your final work of genius?
Well, if the shares head south to the .009's, I may load up on a few more. For now, I'm still waiting onmy current shares. I suppose we'll wait and see.
Looks like very little action today. I still don't have my new shares and I doubt I'll have them anytime soon. Scottrade said as soon as they got them, my account would reflect the new shares.
All I can say is the moment those are processed, Garth better come out with some damn good news or else ICBT wil drop from where it is now to less than a penny as all of us bail. I don't think many of us are going to hang on. Time will tell.
EP
Wow, we fell like a stone today! I guess someone got their new shares and bailed out. From .3 to .15, holy crap that is a long way to fall.
EP
If we are $4 by Friday, expect the biggest loss in a stock since ENRON as soon as all of us pre-R/S people can trade the stock again. I still can't do jack with it. I have Scottrade.
ECP
Man we'll hit that in two days! I'm sure Garth is all over this and he's making sure that this company will be solvent in no time flat and traded onthe NYSE!
ROFLMAO
I'm stuck to (with Scottrade). I just sent them an email and I usually hear back from them relatively quickly.
I'm not minding the upticks though but I'm wondering why it is moving up all of a sudden.
Goes from .02 to .1 in a couple days. I want to believe this is good news but I'm beginning to think this is a pump and dump post R/S (rape and shaft)
EP
So why did we trade 100000 shares today?
Update 1: The online contact form does not work but their phone number still answers as Union Equity. An automated system put me on hold and stated that a representative will be with me shortly.
Hello my fellow bagholders,
So I was bored tonight and got to thinking, what if I head over to my favorite companies website and see what they are up to. So off to www.union-equity.com I went and to my surprise, the website is still up and running and someone obviously spent some time on it to make it look good.
Observation 1: Hosting a website cost something so who is paying the bill, smal as it may be?
I then went over to peruse www.kingoffer.com and found 275 houses listed with a few in the sold column. On page 14 however, there were a few houses listed for prices that were obviously incorrect i.e. $2100 for a home.
Observation 2: If some homes are being sold, who is getting the money?
Velocity Media was my next stop and from what I can gather, a novel should be published in the near future.
Observation 3: Who gets the royalties etc.?
My final questions to everyone are these: is this company still solvent or has someone just forgotten to turn off the website? I'm guessing that the company doesn't exist anymore so why haven't the shares disappeared from my Scottrade account? Why do we get days when this POS trades 350,000 shares or a million shares when there appears to be no viable company?
Anyway, I'm going to drop the company a line and I'll post the response here if I get one.
Cheers,
ECP
It only dropped a quarter and then leveled out. Who knows, this could head north in a hurry on any kind of news.
Any reason why sometimes this pig trades 200000 shares? Who the heck is buying this worthless company? Today, someone obviously bought some shares but why?
For the record, I am trying to dump all mine at .0001 with no takers.
I to have tried to call and email with no response. This company is toast. So much for that gamble.
I know...it was rhetorical.
How come with oil soaring, TNOG languishes.
I'm holding a few as well. I'd like to see some buying pressure from the company but thus far, nothing but PR's that have gone nowhere.
Still holding and hoping
I just sent them an email. I will post any reply I get to this board. Good luck to us all but I think as of right now, we are sitting on worthless paper...but you never know!!!
I'm sure they will but you can always dream. Hey, I have very little in this company. I'd like to see .0004 so I can break even but I don't think it's goign to happen.
Anyone on this board have a clue why there was a 3 mil purchase yesterday when there hasn't been any action on the ticker for the better part of a year? Seems kind of funny that all of a sudden, 3 mil goes through.
Why didn't they PR the velocity media thing? Seems like it would have been nice to maybe generate some buzz about an otherwise worthless company.
My dream is that some entrepeneur bought out this failing company and is goign to turn it around and all the shares I purchased at .0004 will be worth $100 aomeday.
Maybe I'll cancel that sell order.
Speaking of bagholders, is Recloud around or is he still too drunk from the last bagholder party?
I have an order to sell at .0004 which would make me break even. I'm wondering where the action is comng from on this one not that there is much of it. Any action on this is a good thing. I don't think it's going anywhere though.
This company is finished and has been for 2 years. I don't think we ever see a penny again let alone anything coming close to it's run to .05
I bought shares at 18 and also at 14. I am green in both positions. I think this is a 80 - 100 stock in 3 years if they start making money. Q3 earnings will be very telling. If they are good, we are easily into the mid 20's by EOY
Ah some action on this board...does anyone know if this company is even solvent anymore?
I'm sure the company can fire up the printing press and give you 2 million shares.
I would submit a newborn pumper.
They should come out with the date in a couple weeks and then we'll have to wait. Hopefully they have some news before then but I predict a sideways trading pattern until Q3 earnings. IMHO, they will blow away estimates and this heads into the mid 20's
Lack of buying interest is driving this down. PR's need to keep coming that demonstrate the company is collecting revenue. Hopefully we'll see some SP increase but we may be hovering here for a few weeks.