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I'll take Larry Coshow, he has something to prove with the good old boys he is still friends with. Look at the DEF 14A filings back in 2009 for SandRidge.
Someone has been buyings this stock for the last seven days, you don't do this type volume everyday.
That is only the tip of the iceberg, he is the man!
Anyone selling is crazy, I can't wait to see what Larry Coshow is going to do.
Do your DD on him and Foy Streetman, these guys have major dollars.
With the JV comes Zacale Resources, here is some good news.
LARRY K. COSHOW
Mr. Coshow is founder and President of ZaCale Resources Company, LLC, an outsource landman consulting company he started in August 2008.
Mr. Coshow has more than twenty-seven years of petroleum landman experience, with the last seven years in managerial or executive-level positions at Chesapeake Energy Corporation. From September 1999 to August 2006, he was Land Manager and supervisor for three highly successful Chesapeake Energy land divisions: the Western Oklahoma Anadarko team, the Barnett Shale team and the East Texas/Louisiana team. He started each division, taking each of them from little or no staff to more than 30 personnel.
The last two years at Chesapeake, Mr. Coshow, as Executive Vice President—Land, was part of the executive management team with Tom Ward, Chairman and CEO of SandRidge Energy, Inc. (also cofounder of SandRidge Energy Corporation with Aubrey McClendon).
His duties encompassed recruiting, hiring, training, putting land and land administration procedures in place, and supervising a staff of more than forty-five land personnel in land, division order and land administration departments. Mr. Coshow was involved in the executive management team that led SandRidge Energy to the most successful initial public offering in Oklahoma state history in November 2007. His other duties involved overseeing prospect definition and development, negotiating and preparing all types of contracts and agreements, overseeing field landmen’s projects, preparing quarterly and yearly budgets, monitoring land and lease acquisition costs, and supervising a companywide program of thirty-five-plus drilling rigs.
From 2006 to 2008, he helped grow SandRidge’s company leasehold acreage from 200,000-plus net acres to more than 500,000 net acres in the West Texas Overthrust (WTO) play in West Texas.
He was involved in the acquisition of National Energy Group, which brought additional assets to SandRidge in Oklahoma and the Haynesville/Cotton Valley play in East Texas and Louisiana, and an additional interest in the WTO play in West Texas.
Mr. Coshow has held other land-related positions during his career at Texas Oil and Gas Corporation (now part of Marathon Oil Corporation) from January 1982 to September 1985; at Samson Resources Company from September 1985 to April 1994; and at JMA Energy Company from April 1994 to August 1999.
Mr. Coshow received a bachelor of business administration degree in petroleum land management from the University of Oklahoma in 1981. He received a master’s degree in business administration from Oklahoma City University’s Meinders School of Business in 1993.
Mr. Coshow has worked several basins in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma and Texas. His work involved everything from prospect inception through first sales in all aspects of land operations, including lease acquisition and divestiture, mineral titles, well location clearance, revenue distribution, division orders, well permits, regulatory hearings, surface damages, right-of-way and easement acquisition, title procurement, and contract/agreement negotiation and preparation.
Do you think at this eleventh hour someone just might buy those 5.4 million shares on the ask?
always ..... always a pleasure .....love the disclaimer........."just might be, yes, that's right, UNPROVEN- could be worth what's CLAIMED BUT NEVER PROVEN" .....
Someone bit for million shares on the bid. Question, does bagholders blues include those folks purchasing on the bid?
See the 15 million on the bid, someone whats in cheap.
The shares outstanding at last report was 655.3 million. Etrade shows the float at 589.9 million.
On April 2, we had volume of 34 million shares. We than had average trading for two days than 69.9M traded on the April 5th.
Starting on April 5th, we have had 345,485,577 shares traded in the last seven days. Most of this volume was driven by the bid.
IMO folks sold cheap.
Accumulation going on.
Driller ..... don't think he is laughing now?
MoroDD …… you think trips next week? If Avalon goes to $.0007; market cap on 655.3M shares outstanding would be $458K. With ten million in assets, ( I think ) … now that is really undervalued.
The float was last reported at 582.9 million shares. If everyone panics some group might be able to purchase enough shares to hold 82% of the outstanding shares, which just might be enough to see a change.
What would that cost $376K. Boy I hope you are right. Why would anyone give KR investment dollars when they can buy the stock cheaper retail?
If that happened where do you think the stock price might go to?
LilacBlue ..... try http://www.sec.gov/complaint/question.shtml
LilacBlue ..... Thanks for your post, I think we all are looking for good news, but any news from the company right now would be helpful.
With the size of some of the buys and the volume we are seeing, I believe accumulating is going on and holders of 5% or more has to report their holdings within 10 days once they reach that threshold.
MoroDD thanks for your post …….. I am sure that most investors here share your views about pinky land ……. I am not really a "player" in this market and I have to admit I am only here because of the oil and gas assets that Avalon holds. I am getting an education here; goes to show; you are never too old to learn.
My investment philosophy is that of a stakeholder and not as a speculator. I have to agree KR is predictable and I have serious doubts that he really cares about the retail investors in this market. The retail investors on the other hand control the stock price and one would hope he does care about that, as we see him hiring IR folks to promote the company.
Getting those promotions to work is difficult without some positive news. Press releases reporting hiring an IR firm and meeting with private equity groups are nice but that is all window dressing compared to addressing operation issues, two year old reported “working on” western Oklahoma acquisitions, Oiltek IPO updates and mainly “making money”.
I do agree things here are at a breaking point for KR, but not necessarily for the company. As long as "all of the reported assets" are in place and the stock is undervalued there could be a play for the company. Just me, but that play would more than likely not include KR. It will not take too much salesmanship to convince large block holders a change is needed.
Remember KR standing alone would only have 45%.
Lots of folks leaving money on the table.
Remember the 13D / 13G filing requirements, must report 10 days of crossing the threshold.
MoroDD …… I think everyone here is waiting for news; investors could email or call KR, Avalon and or the IR firm requesting information, but I think information will be released when management has something to report; according to the SEC requirements.
I personally do not know KR nor do I want KR to tell me anything that has not been released, as I do not want to be put into a position as receiving inside information about the company as I continue to purchase Avalon shares. I do plan on visiting the Avalon office, introducing myself as an investor, during my next business trip to the twin cities.
On the other hand, I rely on my own DD to check and verify information I might have received from press releases, sec filings, industry news and information that might be posted here or other places. I do like to follow folks that have had a history with the company; those folks that have done business with Avalon and or know of the folks who have tried to do business with Avalon. I try to keep personalities out of my evaluation and focus on the business operations and the value of the assets. Avalon does have a smart business strategy of acquiring a mature portfolio of oil and gas properties. I have seen this strategy work for small private oil and gas firms.
Remember the business operations of the company consists of basically one person, which also means low overhead, but can one person really gets things done in a timely fashion? Avalon also has limited cash. Avalon uses its stock to raise funds; at today’s stock price how much money can they raise? The real value with the company is in the oil and gas assets and IP, if developed. Jill had the task of developing the IP and appears from my DD she has failed.
The assets; the Grace properties are the only oil and gas property that Avalon really controls and is operated by a third party. The other oil and gas assets are not controlled by Avalon and are operated by the other partners. Avalon as a working interest partner is expected to pay their share of the expenses and or the development of the assets. Limited cash hinders this activity.
So as we wait for information from the company, Let’s speculate, what are today’s choices to build the company. Raise additional funds by selling shares, bring investment partners into acquisitions giving these folks a working interest, and a number of different investment / loan options. You remember posts 11153 and 11154 regarding UFM e.V’s. and your comment, “jp and i personally know the men...through our family law practice...that s all i am gonna say....” If you have some insight in Avalon’s ability to secure funding from these folks it might be helpful to us investors. As an investor, I believe this avenue to be less desirable, but could be helpful for future cash contributions.
We have all read the possible buyout strategy from seeking alpha, just me, but a merger with a small profitable private oil and gas company might make more sense. If a private company wants to go public today merging assets with a public company is not a bad way to go. Avalon has an established asset base and carry-over losses that a private company might find attractive in shielding future profits.
So what could Avalon bring to the table? Just me, but I believe the current oil and gas assets have a market value of over $10 million. Avalon has a deposit of $160K on the Western Oklahoma properties as reported in the SEC filings and they are working a deal, as reported in the Stock house interview, for oil and gas properties in Northeastern Colorado. Avalon also owns IP rights which were developed by others, those rights should be worth between $500K and $1M. And of course Avalon has millions in carry-over losses that could be used to shelter future profits.
What would a private company bring to the table; their management team and oil / gas assets of greater or equal value, creating an equitable position for all parties, including Avalon investors?
What if a private oil and gas company went looking, looking for an under value public oil and gas company who has $10 million plus in assets and of course millions in carry-over losses! A private company who has a number of partners, partners who maybe purchasing Avalon shares today. Some may argue that KR’s 40% premium would kill any deal, but you do the math. His interest today would be 45% with his premium, large block holders will have a say one day.
Of course this is pure speculation on my part, but if you do know the owners of a private oil and gas company that would like to go public, you might give them a heads up.
It was really good news some time ago, and here recently, better news.
I think, just me, she will not be a director much longer.
Kev2128 thanks for your post.
Shorting stocks, that's one way to make a living.
Now that was some good information!!
Looks like folks selling cheap are helping the shorts cover.
always .... always nice to hear from you .... did you say ... OVERABUNDANT NATURAL GAS ... Has anyone been following the series of articles in The New York Times about the ”potential for there not to be as much natural gas contained in some gas shale reservoirs” as the producing companies were suggesting?
If companies have over stated there shale gas reserves, this may affect the future natural gas prices.
Reference: Rigzone article April 11, 2012; Musings: Low Nat Gas Prices And The SEC Shale Gas Investigation
. .
Avalon is a sleeping Bonanza Opportunity! Folks want to sell their shares cheap let them. A few of us will be around to pick them up.
In the SEC filing and past press releases you will find the “Grace” oil and gas assets, total reserves listed at 90K barrels of oil and 559 MMCF of gas. At $107 a barrel those Grace oil reserves have a value of $9.6 million. These reserves are in three formations, the Hunton Lime, Upper Red Fork and Pure Sands as identified in the SEC filings. Avalon has 860 acres with these Grace assets.
And now the Woodford Shale is coming into play. Draw a line from the sweet spots in this play, starting at the northwest edge to the southeast edge and where is Lincoln County, right in the middle.
Ask yourself, why would Avalon increase it's ownership position in these assets?
Then we have all of the other Avalon oil and gas assets. More oil and gas asset value.
Brainstorming .... are you still with us?
gregg228 ... glad you are still around ..... purchased more myself last week.
Remember the 13D / 13G filing requirements, must report 10 days of crossing the threshold.
Should be an interesting week.
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Driller ...... more hear say ...... No SEC filings, KR hasn't sold one share of his holdings. If he has and you have proof, why haven't you reported it to the SEC?
No meat as usual.
Driller more hear say?
"There is less than half the cash (maybe even less now) figure you are showing."
Show me the meat of your hear say!
Driller always a pleasure to discuss why Avalon is undervalued! You ask “How much cash does AOGN have?”
Today, at $.0011 a share market cap is what, $720K. You ask about cash, from SEC filing 12/2011.
Cash and cash equivalents $116,529
Accounts receivable $ 29,627
Notes receivable $ 9,287
Deposits and prepaid expenses $160,000
Receivables from joint interests,
net of allowance for doubtful
accounts of $135,727
and $178,922 $ 20,000
Total $335,443
As everyone knows the $160K is a deposit for the western Oklahoma oil and gas properties. My guess Avalon is on the north side of $300K in cash and or cash equivalents.
And the other Assets
Notes receivable – Long Term $ 22,143
Property and equipment, net $ 2,456
Unproven oil & gas properties $1,867,183
Producing oil & gas properties, net $ 197,488
Intellectual property rights, net $ 191,633
Total Assets $2,616,346
And of course the asset base is depreciated value not replacement value. How much would it cost to replace all of the production equipment, more hidden value!
Par value of the stock is $.001 and yesterday’s market price of $.0009, lots of folks left money on the table.
driller ....... always a pleasure. Purchased more yesterday.
Always ..... Just a little housing cleaning here. Those questionable characters in Boca ..... it was not me who used the word gangsters ..... it was alwaysright.
And those questionable characters were thrown out also, its all in the DD, published articles, lawsuits and the sec filing for all to see.
Always .... you are right .... SLIMEBALL, DIRTBALL, PONDSCUM, these words do describe ...... how about some meat?
Any articles, newspaper reports, sec filings anything other than hear say? Or like last time referencing a post on another board, that was classic.
Tell us all, whats your beef, share some meat!
driller ......... OK you are going to make a point.
Quick question how do you know he isn't going to do the work over projects?
You ask ..."why KR isn't doing the work over projects"
Do you mean never ever going to do a work over project or what?
Boy I hope your point has some meat. Please no more hear say.
always ...... super preferred 40%, what was the investment for that 40% when the company had no money. Money that was lost by the old management. All those stockholders would have lost everything without that investment. It's all in the DD and SEC filings. That investment was $500K wasn't it, or thats what the SEC filing say.
Always ..... questionable characters .... after they have been exposed ..... thrown out .... And lets not forget about those folks that brought those characters into Avalons history ..... thrown out.
driller thanks for your post .... Because I've been here for about 10 years... In the court of public opinion, hear say ...how about some meat?
driller ..... always a pleasure ...... how would you happen to know that?
Alway good point .... why will he not stand EQUAL with all other shareholders of avalon? You know him, why in your honest opinion, gives us some meat!
Always .... he hasn't cashed those chips yet. Who knows he may have a change of heart and be offered a deal he can't refuse.
Always .... just me ..... but you need to lose the word promises. No corporate President and or CEO ever uses the word Promise.
As I have said, this is going to be an interesting time in Avalon’s history. We have heard of the “deals in the works” from our current management. We know these deals will require Avalon to raise additional funds. With the market cap at $786K and an asset base substantially higher, today’s investors should see the added value in investing in Avalon.
Today’s market investors are buying at low prices, we have a par value of $.001, so any dilution today to raise monies will have a minimal effect on our investment.
Maybe, just maybe we will see a new management team!