I am :)

If you can't hold it you don't own it.

Yes nothing has happen in a long time....

Bob Miller must be grtting up there in years.....

Looks like a dead investment

Fegr update

In 7 days 2013 will be over. In 2013 the company took down its web site and has not filed.

Yes that maybe...


sometimes water splashes when you flush a huge load.

Are you still waiting?


No report......

No.....

If The web site is down then so is the company......

No filings......

I am waiting for the next reverse split.....

I would say .......

Not good.....

Investors are waiting for good news......

I am afraid if they put out the report then the cat maybe out of the bag.......

Yep I loaded up last year too.....

right before the reverse split

Taken from the 10K.............



Future Financings



We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and exploration activities.

RECENT TRANSACTION

During January 2008, the Company sold all of its interest in a large scale manipulator system technology, to Hollund Industrial Robotics Inc. Mr. Westgarde summarized the transaction benefits, "Selling this technology to Hollund has accomplished major objectives for us. We have been able to improve shareholder value by canceling the only other remaining block of 1,776,196 Series A Convertible Preferred shares held by a former executive. This preferred stock, if converted, would have resulted in an increase to the outstanding common of 108,347,956 shares. The cash that was committed in the deal has already generated important cash flow to fund our proven natural gas development in the Sargent South field operations. Also, the transaction involved Hollund assuming certain other weighty stock commitments and the elimination of certain notes payables from the Company's balance sheet, further improving our Company's liquidity and cash flow. The elimination of additional R&D expenses, required to commercialize the technology, is consistent with our continued focus on increasing operations and revenue in our primary energy sector. Additionally, we have reduced our shareholders exposure to development risk that is inherently associated with any new technology development. Valor is considering potential opportunities that may be available to market this technology in related industries going forward.

The Company is currently working on several initiatives to enhance the Company's value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.

Ok.....

I have followed the technology for 15 years.....

AQCI was in Brazail with the ATH 60 and logged underwater trees.... mistakes were made Just ask the old CEO of aqci.... However I do recall AQCI speanding $100K to build the arm for the ATH120.... The CEO of VLEN or Valor energy tried to Market the Tech to the gas and oil industy..... However Nat gas went to $19 in the mid 2000's so he went the energy route..... And spun the technology off to HIMR..... So we went form a low share structure to a very high share structure. A mistake.....

If the company is going back to Turcuri then I would say there is a very good chance with the lessions learned down there Logs will be cut.

Well the company needs

Oil out of the ground.....

The JV last year did not happen.......

The Web site was updated there are no news articals now.....



The Company needs to sell more shares to the 500 or so current shareholders...... So the OS will go up...
i Agree if positive news is released we will go up......
But I fear if there was positive news it would have all ready been released.


However Like last year...... The only news was a reverse split.

The only differace from last year.......

The company filied on time.......

Unless the officers dump some Cash in..... I figure More stock needs to sold.....

Sounds Like the Movie

Ground Hog day

Well I got some shares at .0020 around last year at this time.....

Great share structure news coming soon 300 bod in March 2013 etc.... etc.....

The news was a reverse split........ then some lease that they were going to buy in Feb of this year..... Friendly allready has lease's........ Lets get the oil out of what you all ready got....... Why do we need another lease?

One year later and the price is the same only i have 20 less shares for every share I had!!

IR as of 4/27/13 says to stay tuned as they hoped to have the field going in March.

Well Today is May 22nd? Was that May 2014?

IR as of 4/27/13 says to stay tuned as they hoped to have the field going in March.

Well Today is May 22nd? Was that May 2014?

Was it in the filing?

The way I see it......

Producing leases cost $$$$$$.

FEGR has No $$$$$ so any newly aquaried lease will have low production.

The company has leases...... The leases need developed.....

Oil needs to be extracted from the leases they have.

I think

The writing is on the wall........

having watched this company for 10 years.......

Got some shares only to get reversed 20.....

Show me the Oil.......

If that post is Real

Then Jack B has left the building.....

Then is the next Financail report due out?

I am glad I did not buy......

hope there is other news coming?

19 barrels per day from less than half of the wells

19 times $85 per barrel times 365 = $590K time 45% =265K

Do i have the math right?

They need to
get more oil out of the leases they do have......

What happened to the leases FEGR did have......?

Were did you see a R/S?

Cool Thats what we want :)

Ture Longs will win the day.

Yes I agree.

It looks like testing was indeed done on the sites by not renewing a lease, selling a lease ..... Then rework the best sites.

100 barrels a day after rework. then a JV.....

I would wait and release a huge PR and move FEGR into the pennies.

Yes I think you are right....

There is still activity and filings which leads me to think that the company is moving forward.

We will know by Feb or March when the next filing is done
if any additional revs will happen any time soon.

IMHO if a PR is released it will be very material and move the share price in a rapid positive direction.

IMHO $.0008 is a good risk to reward entry if you think fegr can fininaly get the revs following :)

It appears The Mud Creek lease will not be renewed and Panther creek is beening sold. Is the company focusing on Byler lease?


Mud Creek Lease - In 2009, the Company purchased, through its wholly-owned subsidiary, a 100% interest in oil and gas properties in central Texas for $10,000. In 2011 there were additional lease costs of $11,160. The property totals 355 acres. The lease was up for renewal and the Company has decided not to continue the lease. An impairment loss on the asset of $20,000 was taken in this quarter.




Panther Creek Lease - In 2009, the Company purchased, through its wholly-owned subsidiary, a 100% interest in oil and gas properties in central Texas for $15,000. After the depletion allowance, the balance is $8,596. The property totals 155 acres. The Company remits a 22% royalty payment. As at September 30, 2012, there was production on the property from three wells. This lease is in the process of being sold.

One of my corncerns........

What happened here?


Friendly Energy to Begin Drilling New Wells
Dec. 6, 2010 (Marketwire) --
CARSON CITY, NV -- (Marketwire) -- 12/06/10 -- Friendly Energy Exploration (OTCBB:
FEGR) is pleased to announce that they will begin drilling up to ten new wells and re-work one
existing well on two of its leases, the Byler lease and the Mud Creek lease. Drilling is expected
to begin on or before January 7, 2011.
Phase 1 of the drilling program will include the drilling of four new wells and re-working one
existing well. Phase two is expected to include the drilling of the remaining 6 new wells. Phase 2
is expected to start in the second quarter of 2011.
The company has agreed to terms with a group of private investors who have agreed to fund
$1,250,000 for the project. The terms of the agreement are such that the investors will own 49%
of the production rights to the wells while Friendly Energy will own the remaining 51%. No
securities were issued as part of this transaction.
"On each of the leases, we plan to drill five wells and re-work at least one existing well to the
Marble Falls formation at about 2,300 feet," said Doug Tallant, CEO of Friendly Energy. "These
leases also have shallower formations which could also be produced -- most notably the Fry
sands and the Caddo limestone formations. This allows us to drill and complete wells at a pace of
one well every 15-18 days. We estimate production will come in at 30 to 40 barrels of oil per day
(BOPD), per well."
Doug Tallant stated that, "We are extremely excited to begin drilling the new wells which should
allow the company to reach profitability much faster in 2011 than originally planned."
About Friendly Energy:
Friendly Energy is an exploration, development and production company in the Oil and Gas
Exploration Industry. The Company is focusing on low cost oil and gas recovery in the State of
Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking
advantage of the current market pricing of oil and gas by developing undeveloped reserves with
little downside risk.

10.

LITIGATION




In 2005, an employee received a defaulted judgment against the Company concerning the case Bowers v. Friendly Energy Corporation, San Diego Superior Court Case No. 775084. The default judgment in the principle sum of $434,211.50 was reduced to a principal amount of $110,000, with interest from October 13, 2000. With accrued interest and less principal paid of $140,000, the balance at September 30, 2012 is $152,831, as reported in the liability section of the balance sheet.




In the current quarter, a private lender filed a suit against the Company concerning the case Mark Myers v. Friendly Energy Exploration in San Diego Superior Court. This case involves a loan for $238,500. The Company is seeking an extension to the time for payment.




11.

SUBSEQUENT EVENTS




In accordance with ASC 855, we have evaluated subsequent events through November 12, 2012, and did not have any material recognizable subsequent events, except for the issuance of 32,649,743 common shares on October 12, 2012 for settlement of debt and 1,964,092 common shares on October 26, 2012 for settlement of debt.

Hello,

If the company were well testing would that have indecated in the filing?

Hello,

Where did you find Producing wells -100 bopd already. That is 10000/day ?

If a JV does happen and 300 BOPD are produced What % goes to the JV, royalites etc....

Yes there will always be someone selling into the volume.....

Not sure where this one is going........

Do Tell.......

Any news about New Century?

Well go to the web site......

or new Century web site if they are still around

i wonder who much if anything SW paid for that ad?

No A up tick will.....

I have seen millions and millions of shares traded

may even see Billions of shares traded.....

Wait for a pr if there is one......