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Weird company that's for sure. With the Low O/S BERX could blow into dollar land.
Smitter SMTT
BERX 82 x avg vol. Just wish they would run out of .80 so I can get my buck. .80 +18%
The O/S is so low any pressure and she moves.
Smitter SMTT
i know. It has been so much on my back burner that I haven't been watching. will have to change that now.
BERX going up almost everyday. Almost .90
Smitter SMTT
11-15-10q
http://www.sec.gov/Archives/edgar/data/1229089/000114420410060965/v202515_10q.htm
Smitter SMTT
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On December 8, 2010, Mr. Steven M. Plumb, age 51, was appointed to serve as the Company’s chief financial officer (“CFO”). Mr. Plumb is a CPA licensed to practice in Texas. Mr. Plumb is a financial manager and senior executive experienced in operations, finance and marketing. Mr. Plumb is the president of Clear Financial Solutions, Inc. a business consulting firm that assists public and private companies with financing, operations improvement, outsourced accounting, SEC reporting, mergers and acquisitions, and financial analysis. From 2005 to 2009 Mr. Plumb served as the chief financial officer of Hyperdynamics Corp. and from 2002 through 2004, Mr. Plumb served as Vice President and Chief Financial Officer of Adventrx Pharmaceuticals, Inc. Prior to this, Mr. Plumb served as the Chief Financial Officer of DePelchin Children's Center, and as controller of Memorial City Rehabilitation Hospital in Houston, Texas. Mr. Plumb is a former auditor and consultant with KPMG. Mr. Plumb earned his BBA degree in accounting from the University of Texas at Austin. In connection with his appointment, Mr. Plumb will be compensated $2,500 per month.
Great day today for BERX. O/S is only 22 million, so the float is very small.
Looking good.
Smitter SMTT
Good Morning, PsyOpDude.
Bering exploration was OCOL. They just had a ticker change. I like this one. I am trying to build a portfolio that is not all based on sub pennies to go along with my sub penny stuff.
Keep an eye here. I am not sure what direction were going to go yet.
Smitter SMTT
Hey ya Smitter! What's the DD look like for this little gem? Looking at the msgs, not sure if the board is talking Bering or OCAL. Nice to know thar's oil in d'ground! Talk to us...we'll listen to you.
Good Morning, Everyone BERX is the one to watch very quietly
Smitter SMTT
I would Like to welcome Mdeskm as our newest Assn't Mod.
Bering Exploration is just getting starting. Do I advise to buy, Not yet.
We need to know if dilution is going to take this lower or not.
But DD has begun. Could be a Long term target. We shall see
Smitter SMTT
Bering Exploration Announces Its South Texas Prospect Has Tested Positive for Oil
HOUSTON, Nov. 30, 2010 /PRNewswire via COMTEX/ -- Bering Exploration, Inc., (Pink Sheets: OCOL) announced today that its South Texas prospect has tested positive for oil in its initial test phase. This well was drilled to a depth of approximately 10,000 feet to test the Oligocene Frio trend and the initial test has proven that one of the lower zones has tested positive for oil. Further testing is required to determine if this zone will be commercially viable. This prospect originally had potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas. Bering's interest is a 5% working interest after pay out in this prospect.
The company recently announced that it has entered into a Letter of Intent to participate in a new prospect located in the Gulf Coast area that has potential gross reserves of 120 BCF of natural gas and up to 10 million barrels of oil. Based upon recent prices this equates to a total of $1.3 billion dollars in potential gross revenue of which Bering's working interest would be 2.5% or $23 million, or $0.99 per share, over the life of the prospect. There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations.
"We believe that these initial test results confirm our strategy of seeking out low risk drilling opportunities." stated Steven Plumb, VP of Finance of Bering. "Our recent Letter of Intent in the Gulf Coast area is another example of this strategy."
About Bering Exploration, Inc.
Headquartered in Houston, Texas, Bering Exploration, Inc. is an independent oil and natural gas company that focuses on indentifying, evaluating, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region. Additional information about Bering can be found on the web at www.beringexplore.com.
I am going to get I-hub to remove the oncolin Therapeutics
Smitter SMTT
I am going to start my DD on Bering
Smitter SMTT
Bering looking good
Smitter SMTT
Damn sold way too early here, i guess this would be at about .018-.02 pre r/s price, sweeetttt!
RS pps = .12. Now .31. Doing pretty well since the rs. Drilling success news today has vol up 80 x avg.
yes r/s in process, i for 20
has trading halted for OCOL?
1:20 reverse splitski :
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/13/2010&mkt_ctg=NON-OTCBB
.007 is a good support, needs to bounce from there first before moving higher
Is anyone here thinking that this stock is going to hit .10-.30 cents??????????
In a few weeks? or by EOY
Lunch time move is a good sign imo.
dunno..tough ta say bro
i thought it woulda went alot higher imo but didnt..
hey bro is it too late to buy?
OCOL .028 going again, let's smash these .03's:)
very nice SS 23m next leg to new highs proceed!)
.>)agreed and its off!)))
DFLY!!! Should be a nice move here today!
Agreed bro/.03's up!!!
SS
500,000,000 shares authorized; 23,682,763 and 23,182,763 shares issued and outstanding at June 30, 2010 and March 31, 2010, respectively
lets roll!))027!very thin wow!
Morning DFLY:) .026 atm!
yooo mornin bro!)agreed very nice news imo!
hey Joey!))nice to see ya here too added a few nice news nice share struct imo!)lets roll!!
OCOL news/nice!
Bering Exploration Announces It Has Acquired an Interest in a Prospect With Potential Gross Reserves of 5,000,000 Barrels of Oil and 46 BCF of Gas
TOTAL POTENTIAL GROSS RESERVES AMOUNTS TO $558,000,000 IN FUTURE GROSS REVENUE
HOUSTON, Sept 13, 2010 /PRNewswire via COMTEX/ -- Bering Exploration, Inc., formerly Oncolin Therapeutics, Inc., (OTCBB: OCOL) announced today that it has acquired an interest in a South Texas oil and gas prospect that has potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas. The initial well will be drilled to approximately 10,000 feet to test the Oligocene Frio trend in South Chambers County, Texas. Bering's interest is a 5% working interest after pay out in this prospect.
Based upon the estimates by the originating geologist, it is estimated that this prospect could have potential reserves of 5,000,000 barrels of oil and 46 BCF of gas, which equates to a total of $558,000,000 in future gross revenue at today's prices of $76.00 per barrel of oil and $3.88 per Mcf of gas. There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations. Bering's net revenue interest would equate to approximately 4% of the gross revenue and production figures discussed in this release, or approximately $22M.
"We are very excited that our first oil & gas acquisition is one that has a tremendous amount of upside for our company with very low risk to our shareholders," stated Steven Plumb, VP of Finance of Bering. "We look forward to continuing to grow Bering through acquisitions of drilling and production opportunities."
Oncolin has recently announced that its board and majority shareholders have approved a name change to Bering Exploration, Inc. and that the company expects the name change to occur within the next 45 days.
News out this morning for OCOL. Bering has taken a stake in a prospect that is estimated to produce 5Mil barrels and $588MIl in gross revenues.
http://mobilepresswire.com/land/alerts2.php
donno much, but i know its a good one.
they are lookin to light this up in the near future
Who here knows anything about this company?
any info
From DEF 14C filing issued 8/16/10 regarding Beneficial Ownership:
Posted by: rlwinvestor
Kevan M. Casey - 5,279,682 shares 22.3%
KM Casey No. 1, LTD. (1) - 12,988,707 shares 54.8%
Silver Star Holding (2) - 1,139,996 shares 4.8%
J. Leonard Ivins (3) - 861,875 shares 3.6%
That totals 20.3 million shares post split. If 23.7 million shares will be outstanding, the float will be only 3.5 million shares with 85% insider ownership. This could be a monster after the 9/7/10 post split date.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7415261
Need to get some stickies going here.
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Oncolin is currently engaged in the business of indentifying, evaluating, developing and acquiring potential natural gas and oil wells while researching new methods of clean and renewable energy production. The company will initially focus on acquiring older fields where it can utilize modern techniques to re-establish or enhance production. Oncolin will continue to oversee its minority ownership in Intertech Bio, a biopharmaceutical company that engages in the discovery, development and commercialization of novel selective anticancer therapies. Additional information about Oncolin can be found on the web at www.oncolinthera.com
Recent New
OCOL changed to BERX on Dec 15th 2010
HOUSTON, Nov. 30, 2010 /PRNewswire via COMTEX/ -- Bering Exploration, Inc., (Pink Sheets: OCOL) announced today that its South Texas prospect has tested positive for oil in its initial test phase. This well was drilled to a depth of approximately 10,000 feet to test the Oligocene Frio trend and the initial test has proven that one of the lower zones has tested positive for oil. Further testing is required to determine if this zone will be commercially viable. This prospect originally had potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas. Bering's interest is a 5% working interest after pay out in this prospect.
The company recently announced that it has entered into a Letter of Intent to participate in a new prospect located in the Gulf Coast area that has potential gross reserves of 120 BCF of natural gas and up to 10 million barrels of oil. Based upon recent prices this equates to a total of $1.3 billion dollars in potential gross revenue of which Bering's working interest would be 2.5% or $23 million, or $0.99 per share, over the life of the prospect. There is no guarantee that this prospect will be successful or that these numbers will be achieved due to production and/or price fluctuations.
"We believe that these initial test results confirm our strategy of seeking out low risk drilling opportunities." stated Steven Plumb, VP of Finance of Bering. "Our recent Letter of Intent in the Gulf Coast area is another example of this strategy."
About Bering Exploration, Inc.
Headquartered in Houston, Texas, Bering Exploration, Inc. is an independent oil and natural gas company that focuses on indentifying, evaluating, developing and acquiring potential natural gas and oil wells in the Gulf Coast onshore region. Additional information about Bering can be found on the web at www.beringexplore.com.
BERX is Fully Reporting OTCQB
Pink Sheets Link http://www.otcmarkets.com/stock/BERX/company-info
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