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THERE ,IN THE HEART OF 0IL BELT, AND NO PR SINCE 2008 FROM WHAT I CAN SEE. WHAT DO YOU THINK , GET IN SLOW WITH A FEW THOUSAND SHARES AND SEE WERE THERE GOING. IMO, I THINK IT IS A LABOR PROBLEM WHY THESE COMPANYS ARE NOT PRODUCING WHAT THEY SHOULD, THERE NO LIVING QUATERS UP THERE. THANKS. GOOD LUCK.
good question
how, many wells have they drilled.
still accumulating?
Been accumulating for several months. Now that the Bakken is the best oil opportunity in North America the multiple is irresistable compared to its peers.Impressive land holding. Welcome aboard.
TopHat, On a long vacation in Singapore. Will be back early Oct. Will wait till then. It was a shame that they were forced to sell the oil rights for 12 mil. I live near Tampa and every time i mention drilling offshore people attack my position. I wonder if that will change with $6.00 a gallion gas? What are your thoughts on COCBF and WSEG. Both at near .30 cents. Thanks for your reply.
Hunt. Great question. Give Robert a call and ask. I'm sure he will give you the answer.
Robert J. Angerer, Jr. (850) 576-5982
TopHat, Does Costal have any recourse rights with the state of Fl. if they drill on the land that they forced Costal to sell the drilling rights back to them? Some things make me mad and that was one of them.
Good slow movement with drilling about to commence soon or probably started now...
PR May 27, 2008
Coastal Petroleum Company Enters Into Memorandum of Intent With Cobra Oil & Gas on Montana Leases
APALACHICOLA, Fla., May 27, 2008 /PRNewswire-FirstCall via COMTEX/ -- Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) ("Coastal Caribbean" or the "Company"), announced today that the Company's wholly owned subsidiary, Coastal Petroleum Company ("Coastal"), has entered into a Memorandum of Intent with Cobra Oil & Gas Company (Cobra) on certain of Coastal's Valley County, Montana Leases ("Leases").
Under the Memorandum of Intent, Cobra has paid Coastal $180,000 for the option to acquire a half interest in more than 82,000 acres of Coastal's Valley County Leases. The agreement allows Coastal to pay its Lease rentals that are due June 1st and brings in a new party to explore on the Leases. Cobra will have two years to exercise the option by spending $1,000,000 on Coastal's behalf, drilling wells on the leases under the agreement. Those leases include approximately 62,000 acres of leases that were formally under an agreement with F-Cross Resources that expired earlier this year and more than 20,000 acres of other leases Coastal held in Valley County. The Formal Agreement will be completed within 10 days of the Memorandum of Intent.
Meanwhile, Coastal and Western Standard Energy Corp. have planned to recommence operations to test the gas discovery well they drilled during the Fall of 2007, which confirmed the 34,000 acre Starbuck East structure. Operations to test the economics of the test well are to begin in mid July. The companies have also begun the process of acquiring an easement so that if the well is economic after testing and step-out wells are drilled later this year, a pipeline may be constructed to permit gas to be sold during next winter. Contact with the large pipeline in the area has been initiated. Permits have been obtained for two step-out wells and two others are in process.
Now in its 56th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum's principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 8,500 net acres in North Dakota and approximately 124,000 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Coastal Caribbean Oils & Minerals, Ltd.
March 28, 2008 Coastal Caribbean today filed its 2007 Annual Report on Form 10K
http://www.sec.gov/Archives/edgar/data/21239/000114420408018238/v108362_10k.htm
PR 2/13/08
Research and Markets: Coastal Caribbean Oils & Minerals, Ltd. Company Profile Details Vital Company Information, for Business and Competitor Intelligence
Dublin, Feb 13, 2008 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/reports/c82628) has announced the addition of "Coastal Caribbean Oils & Minerals, Ltd. Company Profile" to their offering
The Coastal Caribbean Oils & Minerals, Ltd. Company Profile is an essential source for obtaining the company's key data and information. The company profile examines the company's key business structure and operations, history and products. This is supplemented with relevant company facts, details on key executives and their biographies, locations and subsidiaries.
Report Coverage
- Vital company information, for business and competitor intelligence.
- Information on the companys history, key executives, locations and subsidiaries as well as a list of products and services and the latest available company statement.
Why Buy?
- Support business/ sales activities by understanding customers businesses.
- Identify prospective partners and suppliers.
- Understand competitors business structure, strategy and prospects.
COMPANY SNAPSHOT
Key Information
Company Overview
Financial Performance
TABLE OF CONTENTS
CHAPTER 1 BUSINESS DESCRIPTION
Business Overview
Electricity
Overview
Production
Financials
Capital Expenditure
Market View
Key Strategies
Gas
Overview
Production
Financials
Capital Expenditure
Key Strategies
Major Products and Services
Overview
CHAPTER 2 HISTORY
CHAPTER 3 COMPETITORS
CHAPTER 4 KEY EMPLOYEES
CHAPTER 5 KEY EMPLOYEE BIOGRAPHIES
CHAPTER 6 COMPANY STATEMENT
CHAPTER 7 LOCATIONS AND SUBSIDIARIES
Head Office
Other Locations & Subsidiaries
CHAPTER 8 FINANCIAL DEALS LANDSCAPE
CHAPTER 9 RECENT DEVELOPMENTS
CHAPTER 10 APPENDIX
Methodology
About us
Contact Us
Disclaimer
The following companies are the major competitors of Coastal Caribbean Oils & Minerals, Ltd.:
- Gulf Keystone Petroleum Ltd.
Source: Global Markets Direct
For more information visit http://www.researchandmarkets.com/reports/c82628
CONTACT: Laura Wood, Senior Manager, Research and Markets Fax: +353 1 4100 980 e-mail: press@researchandmarkets.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD
PR 12/12/07
Coastal Petroleum Company Enters into Farmout Agreement with Western Standard on North Dakota Leases
APALACHICOLA, Fla., Dec 12, 2007 /PRNewswire-FirstCall via COMTEX/ -- Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF) ("Coastal Caribbean" or the "Company"), announced today that the Company's wholly owned subsidiary, Coastal Petroleum Company ("Coastal"), has entered into a Farmout Agreement with Western Standard Energy Corp. (Western Standard) on certain of Coastal's Slope County, North Dakota Leases ("Leases"). This Second Farmout Agreement with Western Standard provides the opportunity for both companies to begin exploration in North Dakota while exploration in Montana continues.
Under the new Farmout Agreement, Coastal will assign leases over four of Coastal's high-graded Lodgepole Reef prospects to Western Standard in return for $80,000. Coastal will also retain a back-in working interest of 20% in the leases after payout. The leases cover all rights below the Tyler formation, including the Lodgepole formation, with an 80% net revenue interest. These and other leases in the area were acquired in 2005 by Coastal from Oil For America for $50,000 and Coastal has invested some additional funds to geochemically test and high-grade these and other prospects on the leases. Oil For America has agreed to waive the drilling obligation on these four prospects. After the assignment, Coastal will still retain additional Lodgepole reef prospects on its North Dakota leases.
This Agreement is separate from and in addition to the two farmout agreements Coastal has entered into relating to its Montana leases. The first of those agreements was also with Western Standard, but was on leases over a 34,000 acre shallow gas structure in Valley County, Montana. The first well drilled under that agreement found the structure to be high as expected and drilled through two potentially productive gas zones, both of which had shows of gas.
Operations to complete and test the well were scheduled to begin at the end of November, but were delayed by equipment repairs. The well is located on Federal land and the Bureau of Land Management will not allow the completion and testing operations or any further drilling to begin until the spring, so operations have been suspended until that time. Ware said, "The companies are taking advantage of this time to complete permitting for the four step-out wells needed to quantify reserves." The step out wells could also test the four deeper objective formations which may contain gas as well. In the Memorandum of Understanding which gave rise to the new Farmout Agreement, Western Standard also agreed that the more than $29,000 originally forwarded to be used for completion would be used by Coastal to cover the costs associated with the delay in operations, including annual rentals. This amount combined with the $80,000 paid for the four reef prospects will help cover the Company's operations during the first half of 2008.
The second recent agreement Coastal entered into this fall was with F- Cross Resources ("F-Cross") covering the northwestern part of Coastal's Valley County, Montana Leases. The first Lodgepole test well was begun under that agreement in early November and drilling has finished, but the well is awaiting completion and testing of several zones which have potential for both oil and gas. Unlike the shallow gas well, this well is located on State land, not Federal land, and provided that there is no State objection, the Company expects F-Cross will resume operations to complete and test the well once the weather permits it.
Now in its 55th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum's principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 9,000 net acres in North Dakota and approximately 137,000 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Coastal Caribbean Oils & Minerals, Ltd.
URL:
www.coastalcarib.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
KEYWORD: Florida
INDUSTRY KEYWORD: OIL
OTC
SUBJECT CODE: CON
RLE
PR 11/20/07
First Lodgepole Test Well Spudded on Coastal Petroleum Company's Valley County, Montana Leases
APALACHICOLA, Fla., Nov 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF) ("Coastal Caribbean" or the "Company"), announced today that the first Lodgepole exploratory oil well was spudded Saturday on the Valley County, Montana Leases ("Leases") held by the Company's wholly owned subsidiary, Coastal Petroleum Company ("Coastal").
This is the first well to be drilled under the September 25, 2007, agreement with F-Cross Resources, LLC ("F-Cross") under which F-Cross paid Coastal $50,000 for the option to drill a Lodgepole test well within six months with an option to acquire an interest in the surrounding acreage. Ware said, "To begin exploring the Leases with F-Cross now really adds momentum for the Company and we believe that this well has the potential to be just the first Lodgepole prospect we can exploit for the benefit of both companies." The well is considered a "tight hole" and drilling results will remain confidential until the well is completed and tested.
F-Cross will operate the well, will pay the cost of drilling the well and will hold a 100% working interest in the well until payout and an 80% working interest after payout with Coastal receiving the other 20% working interest. Upon completion of the test well, F-Cross will have the option to acquire a 50% working interest in the approximately 64,000 acres of the westernmost part of Coastal's Leases, for $25 per acre. The option could be extended an additional six months if F-Cross drills a second Lodgepole test well on the Leases.
Now in its 55th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum's principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 9,000 net acres in North Dakota and approximately 137,000 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Coastal Caribbean Oils & Minerals, Ltd.
URL: http://www.coastalcarib.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
-0-
KEYWORD: Florida
INDUSTRY KEYWORD: OIL
PR's since 5/10/07
November 8, 2007 Coastal Caribbean today filed its Third Quarter 10Q for 2007.
November 5, 2007 First Lodgepole Test Well Spudded on Coastal Petroleum Company's Valley County, Montana Leases
October 30, 2007 Coastal Petroleum Company Confirms Large Shallow Gas Structure, Completion in Two Gas Zones Will Commence As Soon As Possible
October 23, 2007 Coastal Petroleum Company Begins Drilling The First Well To Test Its Valley County Gas Prospect
September 25, 2007 Coastal Petroleum Company Enters Drilling Deal to Test Lodgepole Prospects on its Montana Leases
August 30, 2007 Coastal Petroleum Company Inks Drilling Deal to Test Its Montana Leases
August 10, 2007 Coastal Caribbean today filed its Second Quarter 10Q for 2007.
May 10, 2007 Coastal Caribbean today filed its First Quarter 10Q for 2007
Available at: http://www.coastalcarib.com/
PR 10/30/07
Coastal Caribbean Oils & Minerals, Ltd.
FOR IMMEDIATE RELEASE
Coastal PETROLEUM COMPANY CONFIRMS
large shallow gas structure, completion in two
gas zones will commence AS SOON AS POSSIBLE
APALACHICOLA, FL, October 30, 2007. Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) (“Coastal Caribbean” or the “Company”), announced today that the Company’s wholly owned subsidiary, Coastal Petroleum Company (“Coastal”), has initial drilling results from its exploratory gas well on its Valley County, Montana Leases (“Leases”).
Spudded one week ago, the well has confirmed that the 34,000 acre structure it was drilled to test is high as expected at the well’s location. The well is high in the direction of all of the nearest wells: 36 feet high to the nearest well to the southwest (3.5 miles); 78 feet high to the nearest well to the west northwest (5 miles); 81 feet high to the nearest well to the southeast (6 miles); 94 feet high to the nearest well to the east northeast (5 miles); 159 feet high to the nearest well to the south (5 miles); and 245 feet high to the nearest well to the north east (6 miles). The height of the structure compared to surrounding areas allows it to trap migrating gas.
The well drilled through the Judith River sand which was a secondary target and then into the Eagle sand which was a primary target of the well. The well was drilled to a total depth of 1,126 feet. Ware said, “Both horizons were high and in both horizons there were gas shows, meaning there is the potential for gas production.” Casing has been run into the hole. Completion operations will be necessary to test the extent of the gas production from these zones and will commence as soon as possible. Permitting is continuing for the four step-out wells needed to quantify reserves and which could test the other four objective formations below which may also contain gas.
Western Standard Energy Corp. (“Western Standard”) holds a 100% working interest in the well until payout when it will reduce its interest to 80% and Coastal will own 20%. Upon completion of the test well, Western Standard will have the option to acquire a 50% interest in approximately 42,000 net acres of Coastal’s Leases near the test well for $1,000,000, payable in five equal installments the timing of which is tied to drilling the four step-out wells to evaluate the field.
Now in its 55th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum’s principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 9,000 net acres in North Dakota and approximately 137,000 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Contact: Robert J. Angerer, Jr. at (850) 576-5982
* * * *
PR 11/5/07
Coastal Caribbean Oils & Minerals, Ltd.
FOR IMMEDIATE RELEASE
FIRST LODGEPOLE test WELL SPUDDED ON
COASTAL PETROLEUM COMPANY’S VALLEY COUNTY, MONTANA LEASES
APALACHICOLA, FL, November 5, 2007. Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) (“Coastal Caribbean” or the “Company”), announced today that the first Lodgepole exploratory oil well was spudded Saturday on the Valley County, Montana Leases (“Leases”) held by the Company’s wholly owned subsidiary, Coastal Petroleum Company (“Coastal”).
This is the first well to be drilled under the September 25, 2007, agreement with F-Cross Resources, LLC (“F-Cross”) under which F-Cross paid Coastal $50,000 for the option to drill a Lodgepole test well within six months with an option to acquire an interest in the surrounding acreage. Ware said, “To begin exploring the Leases with F-Cross now really adds momentum for the Company and we believe that this well has the potential to be just the first Lodgepole prospect we can exploit for the benefit of both companies.” The well is considered a “tight hole” and drilling results will remain confidential until the well is completed and tested.
F-Cross will operate the well, will pay the cost of drilling the well and will hold a 100% working interest in the well until payout and an 80% working interest after payout with Coastal receiving the other 20% working interest. Upon completion of the test well, F-Cross will have the option to acquire a 50% working interest in the approximately 64,000 acres of the westernmost part of Coastal’s Leases, for $25 per acre. The option could be extended an additional six months if F-Cross drills a second Lodgepole test well on the Leases.
Now in its 55th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum’s principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 9,000 net acres in North Dakota and approximately 137,000 net acres in Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Contact: Robert J. Angerer, Jr. at (850) 576-5982
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