took the words right out of my head.
Nothing like being in a bidding war, as long as you are the one selling. GLAL

Agree one hundred percent. Pumping the stock to gain shares or bashing the stock to gain shares is manipulative. We like to bash the MMs for their manipulation, while some that post are also doing it.
And, preemptively, no need, to remind me that I also have those options or that everyone has the same opportunity, it is just so disengenuous, like speaking out of one side of the mouth, then the other.
It displays a sense of arrogance and contempt for those that just like hemi for the fundamental business plan that Keith has laid out, for those that are long and not trying to weasel a few innocents out of their shares.
Innocents are those that somehow found out about hemi then were exposed to the manipulation and quit.
Hemi is on course, on target to the plan that the Ceo laid out. To try to use events, as they occur, to line one's own pockets at the expense of others is just low.

People here have done a lot of DD and would not use this, but other people look at it. Hemi 100% Long term buy. Ya think!?!!!

LOL

http://quotes.barchart.com/texpert.asp?sym=hmgp

This is still the end game I believe.
Blast from the Past.

Posted by: 1581
In reply to: 1581 who wrote msg# 12051 Date:5/26/2007 7:21:27 AM
Post #of 35211

Future Press Release

(Insert large oil company here) has offered and Hemi Energy Group has accepted an offer of (insert multi-dollar figure here) per share for all outstanding shares. Current share holders will be awarded shares of (big oil) in the ratio of (/). The large oil Ceo will then state how happy they are to complete the deal and the added value they are acquiring without having to go search for the oil and gas as well as the fact that it sits on US soil so is not subject to political or international unrest. Keith will say how pleased he was with the generous offer and how happy he is for shareholders who have gone through a lot to get to this point.

http://quotes.barchart.com/texpert.asp?sym=hmgp

Reazo I think that your statement about the larger companies being committed cannot be stated in strong enough terms.
It is similar to DDing a stock and averaging down because one is committed and knows how good it should be when the day is done.
These companies did not come in blindly, they did their DD. If the last of their leases provide the least profit, they will still do ok.
As far as the hemi leases, which are at least a burr under their saddles, they will find themselves committed there as well, IMO.
At least with the hemi leases they will have an option of buying the entire company and mitigating the cost, which I am sure Keith will make high.
It seems he was several steps ahead all the time.
Keith has been referred to as being a poker player.
He may be slow playing the big boys, knowing he has a winning hand. GLTA

And the longer Keith waits the better.
More pressure on FW drillers, oil finding new highs on weekly basis, more reserves proved up, more expansion in other areas where Hemi has leases. More opportunity to expand drilling on leases.

And of course time is not a factor, as long as enough oil is being pumped to pay current bills. No debt to service.

Patience on Keith's part is a way of showing the potential big suitors that he can wait for them to make a move. They're the ones in such a rush in FW

Just think what a pr or any amount of volume would do right now. :)

Yes zguy I have been pondering some of the numbers myself. We likely will have much more proven, perhaps double than them.
Hemi also has higher working interest in wells and leases we own than they did.
Shelby may have had more land but without something equivalent to the archival information hemi has, it may be just a lot of farm land. And hemi has the blanket formations.

And of course the other leases which were bought early and quickly, makes me believe they were decided upon with almost certain knowledge of their value, large natural gas I would believe since that info had been noted when it had no real value to the original companies.
And then the strike price makes me dare to set my sights higher for the buyout. Hemi is all of that company and more.
GLTY

For newer investors some info about Kansas o and g, where current production is occurring and most assets are.

http://tonto.eia.doe.gov/state/state_energy_profiles.cfm?sid=KS

Recent acquisition in Kansas. Interesting to compare numbers with what we already know with hemi. They are too small to gobble up hemi but there are bigger fish being just as aggressive, if not more so.


Teton Energy Corporation Announces Completion of Purchase of Oil and Gas Properties in the Central Kansas Uplift
ACQUISITION INCREASES RESERVES 91 PERCENT AND PRODUCTION 99 PERCENT

TETON INCREASES GUIDANCE FOR NET ANNUAL PRODUCTION FOR 2008 TO 3.4 BCFE
INCLUDING EXISTING PROJECTS AND NEW KANSAS ACQUISITION

DENVER, April 2, 2008 /PRNewswire-FirstCall/ -- Teton Energy Corporation ("Teton") (Amex: TEC) today announced it has completed the purchase of reserves, production and certain oil and gas properties in the Central Kansas Uplift of Kansas from Shelby Resources, LLC, a private oil and gas company and a group of approximately 14 other working interest owners, collectively ("Sellers") for approximately $53.4 million before closing adjustments. Terms also include warrant coverage of 625,000 shares at a $6.00 strike price with a two-year term. The effective date of the transaction is March 1, 2008.

The purchase price was funded with $40.1 million of cash and borrowing capacity available under Teton's revolving credit facility with JPMorgan and $13.3 million of Teton common stock, or 2,746,128 common shares. Effective April 2, 2008, Teton amended its bank credit facility with JPMorgan, increasing the total facility from $50 million to $150 million. The available borrowing base under Teton's bank credit facility was increased from $10 million to $50 million as a result of the combination of the added reserves from this transaction, ongoing drilling programs, and new hedging positions.

Highlights of the transaction include:
-- The assets purchase include an estimated 12.9 billion cubic feet
equivalent ("Bcfe") or 2.2 million barrels of oil equivalent ("MMBoe")
of proved reserves, an increase of 91 percent over Teton's year-end
proved reserves of 14.1 Bcfe.
-- The Sellers' proved reserves are approximately 94 percent oil and
92 percent of their reserves are developed (PDP or PDNP), located on
approximately 8,719 gross acres, with a 92% working interest to Teton.
-- When combined with Teton's existing reserves, Teton now has net proved
reserves of approximately 27.0 Bcfe (4.5 MMBoe) comprised of 52 percent
natural gas and 48 percent oil. In addition, the ratio of Teton's
developed reserves in the proved category has increased from 61 percent
to 76 percent.
-- The acquisition includes estimated net risked probable reserves of
5.7 Bcfe (0.95 MMBoe). When combined with Teton's existing probable
reserves, Teton now has probable reserves of 37.1 Bcfe.
-- The purchase price includes an estimated 4.26 million cubic feet
equivalent ("MMcfe") per day or 710 barrels of oil equivalent ("Boe")
per day of production as of March 1, 2008, an increase of 99 percent
over Teton's year-end production rate of 4.3 MMcfe per day.
-- After combining estimated net annual production from the Kansas
acquisition for the remaining nine months of 2008 (March production
will be an adjustment to the purchase price, with actual production to
Teton beginning April 2) with previous guidance of 2.0 Bcfe of annual
production for 2008, Teton now expects annual production will be
approximately 3.4 Bcfe in 2008.
-- Production from the Sellers' assets is approximately 92 percent oil and
six percent natural gas. When combined with Teton's existing
production, Teton now has production of approximately 57 percent oil
and 43 percent natural gas.
-- The purchase price includes 50 producing wells, 22 wells with
production behind pipe, five proved undeveloped locations and
29 identified probable locations on the 8,719 acres.
-- The proved and probable assets to be acquired have a 92 percent working
interest and a 76 percent net revenue interest to Teton.
-- In addition, the purchase price includes 52 square miles of 3-D seismic
with additional seismic to be acquired in 2008. It also includes
39,385 gross (23,631 net) undeveloped acres where Teton operates, at
60 percent working interest to Teton and 40 percent working interest to
Sellers. The Company believes the undeveloped acreage could yield
additional upside resource potential to Teton estimated to be
equivalent to the proved reserves.
-- Teton and Sellers have also agreed to a 5,326 square-mile go-forward
30-month area of mutual interest to pursue additional acreage and
resource opportunities where Teton will operate under the same 60/40
working interest split with Sellers as described on the existing
undeveloped acreage.


Teton anticipates that unit operating expenses in 2008 for the new Kansas project will be as follows: lease operating expense (LOE) will approximate $3.50 per Boe, transportation and gathering expenses will approximate $6.00 per Boe, production taxes will be approximately 8 percent and depreciation, depletion and accretion will approximate $18.00 - $20.00 per Boe. Teton expects general and administrative expenses to increase only minimally as a result of the acquisition.

Teton has hedged 80 percent of the oil proved developed producing ("PDP") production and 80 percent of the natural gas PDP production related to this transaction for five years through a series of costless collars in order to lock in base case economics associated with the acquisition. Table A below summarizes all of the Company's hedging positions, including positions previously put in place for a portion of its existing production.

Teton completed the hedging transactions with its senior bank, JPMorgan. These costless collars are intended to provide cash flow stability by locking in a portion of its revenues and cash flow in the event that crude oil or natural gas prices decline, while maintaining exposure to upside in the pricing. The additional cash flow stability will increase operational and financing flexibility.

Karl Arleth, President and Chief Executive Officer of Teton, stated, "The entire Teton team is excited about this company transforming transaction which will provide us with a much larger and more balanced portfolio of natural gas and oil reserves and production. It nearly doubles our reserves and daily production and provides us with significant upside potential in this very active oil and gas play. This is a new project for Teton to operate and we plan to begin a targeted $7 million capital expenditure program in Kansas for 2008 almost immediately."


http://ir.teton-energy.com/phoenix.zhtml?c=137387&p=irol-newsArticle&ID=1125046&highlight=

You saw Kelsey's excellent response to your original post.
The fact that the claim is still outstanding and active says more than anything you or I can post.

And thanks for a post of more than just a few throwaway lines.
This is what discussion boards are for, back and forth and thoughtful opinions, and not just tossing out some statement that could confuse new investors or distract them.
Good luck to you.

In simple terms, a company does not buy "flood insurance" as you stated. They buy insurance for damages based on whatever the policy covers. The information about what is covered by their insurance is not public, nor should it be.
The fact that it has yet to be settled, and has not been summarily dismissed, means they have some merit to their claim.

Do you plan on being around during the next leg up Jagman or are you going to be MIA again?

Fair enough. If you can find the posts where Keith lays out his long term goal for hemi, that would be very informative for you I think.

They, the goals, are referenced on the board but reading the actual posts themselves is better. If I could provide a link for you I would.

I think they would be worth your while to find and the posts you would then read subsequently, would have much greater meaning for you. GLTY

I noticed you created this user name today. How long have you been following hemi, since you have the ability and knowledge to reference past prs?

Have you read all of the past prs and important posts from the last four years?

I also commend you on being able to use the different posting features, such as bold print, on only your first day of using the site.

Is there any chance you know the fellow who posts on this board as badge? He has tremendous knowledge and DD and claims to own many thousands of shares.

It seems odd to me that the Kansas info was posted by badge, who is best at DD, but the kansas site had poor numbers.
I dont know why so many shares were sold at "high of the day", .089 in such a gleeful manner.
My plans are to close out a couple of positions early Monday and try to exert some buying pressure in order to negate some of the manipulative selling pressure. A great, early pr from hemi would hit the spot too.
Good luck to you.

It was not me who mentioned threes.
It was not me who called hemi a momo play.
The MMs were selling airshares but have since stopped.
It is not me who posts on the board of a stock that I have actually lost money on.
I think hemi is NOT a MOMO play, was surprised it went as low as it did, but not on its own right?
Still holding and looking forward.

Hope you are over your illness or glad you are back to the world of computers, or whatever kept you from posting. We all missed your insightful comments during the last run. Nice to see you back for the churn and consolidation.
Do you plan to post during the next leg up?

Which one will happen first?

A. Hemi proves up 10 million BOE equivalent?

B. Hemi is sold for $6.56 a share to a NYSE oil company?

C. Jagman buys 100 shares at $1.00 per share?

D. Jagman does not buy 100,000 shares on the momo play from .04 to .09?

Trick question, D already happened. GLTA

either boyle's law or charles's law, cant remember which, I do numbers, but it is one of the two.

POST OF THE WEEK, easily

I think the timing of the revised reserve report and the activity in DFW is not arbitrary. The only time a current reserve report is really needed is to be able to quantify assets.
With Keith planning to ultimately sell, what would be the sense of revising reserve reports annually or biannually.
The time and cost of them are only worthwhile expenses when there are suitors around.

The great thing about Hemi being debt free and cash flow positive is that Keith does not have to jump at the first offer, he can take as much time as he likes until someone hits the minimum number that he has in his head.
I hope he is as greedy as he is smart.

Not sure if any "normal" TA or charting ideas apply to Hemi because of the heavy naked shorting. The chart was artificial, "created" by MMS, it did not truly describe Hemi.
As has been mentioned previously, performance by the company ultimately wins out.
And even if there are not "enough" hard facts to satisfy everyone, there is enough information that fits with the long term hemi plan to make it clear everything is still on track.

Two prs in five business days and another promised within a couple weeks. Could be part of the pr blitz that will help Hemi finds its true fmv. GLAL

Jagman
Nice endorsement of a five dollar a share buyout price.
Would you please stop pumping.
Hemi does not need it.

Posted by: Jagman
In reply to: hourglass who wrote msg# 33985 Date:4/24/2008 7:24:04 AM
Post #of 33991

"Ok, so maybe $5.00/share is more realistic."

Finally!!! Someone with their head on straight with some common sense!!!

When Keith was predicting 1.00 per share prior to the 100 year Kansas floods, he was not talking about a buyout price so we should think the buyout price Keith has in mind to be higher than that.

zguy, excellent analysis as always. These are negotiations, which possibly lead to a buyout or at least an offer. And if not, money with royalties will provide more funding for more drilling and proving up other leases.

The fact that Keith put out another pr so quickly also could mean the pr blitz has started which would be used, along with other manuevers to rock the shorts. All good no matter how one looks at it. GLA

So you were the buyer, thanks, you just fattened up my account. LOL

you could be right, and doesn't it feel great that they will be using some of your money, since you did buy twice.

There are past posts on this board involving chesapeake, devon, and xto that you can search or just do some dd.

The statement was not just incorrect, but not even logical.
Do you see hemi as a possible investment for you?

"Financing seems to be a big hurdle to consolidation and takeovers."

Huh?? Really??? Does not seem to be slowing companies in operating in Tarrant county. And swallowing up companies trading below book value, like Hemi, means asset value is greater than the amount financed.

I think with the recent volume shown, the inability to drive the stock any lower, the fact that hemi is still operating within their long term plan, they may not see hemi as a winning proposition. And any laughing you hear could be...

I would think there are some MMs out there who may not have the most restful sleep this weekend. At least I hope so ;)

A couple of points come to mind. First, the apparent purpose of the pr. Certainly it was not released to provide any hard numbers, such as production or financials. It also did not mention or infer any future plans. It was mostly provided to assuage concerns of shareholders, at least those that see the glass half full, to once more overuse an already overused cliche. In a previous pr Keith confirmed the tarrant county leases would be absolutely required by big oil, after the issue was raised on the message board as to their necessity.

There were some nice tidbits to chew on for awhile, the tight hole status and the effort to update and expand reserves. Whether we will see these numbers soon is up to Keith, but at least we know we are still within the long term plan.
And again Keith addressed the ah trades and the shares issues that have been posted numerous times in a multitude of ways.

Keith is not ready to blitz people with info yet. I expect that will come when everything is coming to a head, the shorting issue?! and the buyout scenario, HOSS, whenever they happen to occur.

The second issue, which Keith has addressed, once again, is the notion of dilution and the ah trades. If I were a MM, I wish, and found myself trying to naked short to death a real o and g company in an industry on the verge of exploding, I might try everything up to and including more nss. One way to limit further shorting exposure is to try to box in the share price and then use stock accounting techniques to give the impression of dilution. Many have noticed and mentioned that most if not all trades had been at the ask. In a "normal" market, i.e., one not controlled by a guiding hand, trades should be at the ask and the bid throughout the day, most of the time. So a mm could presumably hold back all or most sales at the bid, show all sales at the ask throughout the day then "reconcile" the trading with an after hour t trade consisting of all or most of the trades at the bid, which, of course, would show selling at a much lower price than daily lows and give the impression of a big seller or a company diluting.
Again, not sure if this is what is happening, but it sure fits the facts as we are seeing them.

That fact speaks very loudly itself about things happening that are outside of the control of hemi.

Another piece of circumstantial evidence is the seeming greater emphasis now on updating and proving up of reserves.
This would be an obvious requirement.

If Keith mentioned any potential buyout offers before the fact, I can just imaging all of the bashing when it does not happen tomorrow so he may only disclose once a firm offer, he likes, is on the table.

I still believe this to be the case. Hemi may be flying under the radar with investors but not with the industry.

Posted by: 1581
In reply to: A deleted message Date:4/7/2008 11:03:48 AM
Post #of 33458

That sounds correct and it also would not surprise me if Keith has not received one or more buyout offers but cannot release that information.
Also consider coydog's post last week about a big whale selling on volume to dampen the price. One possible explanation, pure speculation of course, is one of hemi's potential suitors buying as cheap as possible on the market which minimizes eventual buyout cost to them.

Also if other large companies recognize how undervalued hemi is they could just be accumulating to take advantage of a future buyout, whether they make the offer or not.

Jagman, here is a partial preview of next pr, just for you.
"Hemi is certain that the DTC issue will have no bearing on the eventual buyout of Hemi."

"updated and expanded reserves report is in progress..."
Maybe the eight most important words in the pr, especially "expanded". IMO

Pink Floyd, your insight and posts are much appreciated. I was reviewing recent prs and saw nothing mentioning a geologists' report on the collins drill.

No I doubt they would have insider information or they would have put down at least $5.

I guess that $2.00 was just burning a hole in someone's pocket and they had to spend it. LOL