Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wonder if D-Bar's been producing anything since the signing of the agreement.
Suppose we'll find out when the deal is closed.
I thought the uplisting happened a couple months ago, and wtf do I gotta settle for a partial fill at 0095?
Somebody owes me 60k shares and I'm gettin pissed
Should I be sweating this storm more than I am?
Should I be worried that the platform's going to be severely damaged? Swept away?
Should I be worried that this is going to delay production more than a week or two?
I mean, I'm not happy about the storm, but should I be more concerned about it than I am?
Nice. No more "this is what it would look like if we had a facility,"
Oh definitely yes, but I figure until what "comes up" reaches a certain point or indicator there's still some degree of uncertainty even if it's very small. More of an idle curiosity thing really.
S.EAGLE are you able/willing to elaborate at all on what's going on at the i-1 well right now?
Looking for something a bit more detailed than "testing the line, then testing the flow rates."
I suppose what I'm curious about is what exactly takes place immediately before they proclaim "yep, there's oil down there."
Any idea?
Really think so? Seems to me (at that point) someone would just swoop in with a buyout offer before up listing, but I don't know jack about any of that.
Tuff not to think about Brits taking care of business with these Olympics goin on.
Yahoo gotta update that mofo. Still sez Paxton.com
Ya who's to say. Guess being on the NAS would be more of an honorary title, and pretty insignificant compared to building a strong OTC company.
Thinking out loud.
Have to be content to stand and watch it all take place from the sidelines (with my shares of course).
So, does anyone else think it's possible that Tony Mason has aspirations to bring Worthington to the NASDAQ?
I know I'm stirring the pot but someone had to bring it up first.
I mean, he's already built up another O & G Co, and left it.
How far do we suppose he intends to take this company?
Certainly agree. Future plans carry more weight with a history of success.
....but if they have oil flowing from M.I. and close d-bar i think we could head a lot higher than that. jmho.
Thanks xzx. .06 - .07 is exactly the # I'm thinking right now, although Wouldn't you agree that .06 - .07 is immeasurably more justifiable now than it was a year ago?
I'd like to hear your logic for a $50,000,000 market cap.
Not trying to be a brat. I just want that to make sense to me.
I think 3/4 of the people buying this thing are just playing the chart and have no idea they're buying (in a way) an IPO in "Mason Inc" nor do they have any idea what "Mason O&G" has accomplished under, dare I say, very similar circumstances priorly.
No prob. Glad fureal posted up on the website.
Other thing is, it's becoming more and more apparent that TM is really making himself available to shareholders.
The more steam (haha) this company generates the easier it'll be for Tony to do his thing, and by that I mean making gold records.
By the time we're done here, y'all are gonna be wearing solid gold diapers!
Ok, I'm done poking the fire.
Ya. Also like the reiteration of the MI terms. Who knows what the other well bores may produce? Could make that 2% look a whole lot bigger.
Tony Mason July 31, 2012
Thanks for the support! We are very optimistic about progressing D-Bar in the near future and will provide updates as they occur.
Reply
http://wenergyinc.com/recent-updates/the-i-1-installs-vent-boom-progress-continues/
No doubt.
Hey this little nugget got by on me:
Tony Mason July 31, 2012
Thanks for the support! We are very optimistic about progressing D-Bar in the near future and will provide updates as they occur.
Reply
Zorro me friend.
Wouldn't surprise me to see those mid 02's soon after the .013's crack. Not that I wouldn't enjoy it.
Oh man...another update.
Hope ya like club music because this board's about to go into rave-mode.
Really awesome. Dominion and Cal Dive really kicking some ass on this thing. Silvermere must have asked them for an Olympic effort.
I read your post xzx. Always appreciate your valuation refreshers.
I'm of the sentiment that 4000 bopd net is a bit on the high side but for the purpose at hand and in light of a p/e of 10, it's really just splitting hairs.
$2 per? We'll be jumping for joy if you're half right.
Thanks again.
Yep, just a few more weeks and we'll be suckin' oil from a 3 1/4" pipe, which by my wonky math means every million shares you own buys you a 1/5" pipe.
Don't take my word for it though people. Do your own DD!
Sounds like ya got it all figured out.
Admitting that post?
If nothing else it shows he has a sense of humor.
All sorts of people buy stock, and comments like the one at issue on the website are soon forgotten. Nuff said.
Took me a bit of time to reply to your initial reply xzx, but yes, bullish indeed to face the critics.
I totally dig this transparency, and chances are good there'll be more of the same for additional projects.
Maybe it's more crucial during this "initial phase" of actually building a company, but it suggests to me that we have a CEO (or corporate agenda) that aims to instill a real sense of ownership and participation in it's shareholders, and that I believe is no accident. Was it Meridian? Regardless, it's no stretch to assume that the competency which led to TM's former successes (with the added bonus of prior experience) is being applied now to Worthington, and this is exactly what we've begun to witness as "early shareholders." This detail (imo, as always) won't go unnoticed for long once we become (knock on wood) an oil and gas producer.
As for the "dilution" I simply agree with you on that point, and as for the recent price action, way I see it, in the short term this selling just hastens the process of settling our debts.
"initial production late July early August, clean up 1-2 months, full production"
Judging from the most recently approved comment on wenergy.com it seems the gauntlet has been thrown down.
http://wenergyinc.com/press-releases/i-1-well-platform-work-commences/
That my friends is what I call taking the critics head-on.
Sure I'm not telling you anything you don't already know, But having a CEO who executes makes all the difference.
Got an uncle (now mostly retired) who's one of these people. He'll take some interim/temporary executive position at this or that poorly run company, and in the short time he's there the business "miraculously" starts working right and in the end they often ask him to stay on permanently (which he does not), but that's the story of his career.
I don't know anything about Tony Mason other than what's been discussed here and impressions from what's been done since he's taken the helm, but my impression (from things like the website, the frequency and detail of PR's, and now this agressive pursuit of "the south Texas deal") is that this guy, not unlike my uncle, values not only the financial reward, but also the sense of accomplishment that comes with getting things done right. I could of course be wrong but I certainly don't get this sense often and having seen what can happen to a company with proper leadership I'll be darned if I'm not going to have a horse in that race.
Still a good looking chart, I appreciate you posting those.
Sounds like a reasonable explanation to me.
Anyone get the feeling we're little more than a "Mason mouse click" away from rifling thru the 01's?
If I'm not mistaken this West Texas deal is going to be the first Mason exclusive acquisition. From what he's done before, I'm inclined favor his picks over the old Paxton stuff in terms of getting production on-line with expediency. Not to say VM etc won't fly by any stretch, but (again, if not mistaken) this west TX deal is all Tony and I rather like that.
Thanks for the replies. I figured it could get it done somehow with a phone call, but I wouldn't want to have to call to sell it. WGAS is where it's at, at least on this side of the pond.
Has anyone here looked into buying shares of Silvermere? A bit off-topic perhaps, but a little extra buzz never hurts. It's share price is turning around slowly in relation to ours etc etc. Proving a bit difficult to find info on US brokers who will execute the trade as well, although I've done some goog's on it.
Yep, and in some roundabout way, I suppose i was trying to say that the timing of the filing of The Letter relative to the Monday turn around in pps substantiates that idea.
Exciting stuff.
So...Did LaJolla rescind demand for repayment because we're above a penny?
OR
Are we above a penny because LaJolla rescinded demand for payment?
I'm thinking it's the latter, and I'm thinking the difference may be relevant.
Worthington "received a letter" on the 19th Friday, however our pps clearly began trending up on Monday.
I can't imagine LaJolla rescinded their demand based simply on a rise in the pps without some other more substantive basis for the decision, other than a bottom bounce. I'm also inclined to believe if the filing had been released merely to aid in the immediate sale of their stock the upward turn in our pps would not likely have pre-dated receipt of the letter.
I do think it's possible that The Letter was released to aid LaJolla in recovering the balance of what they're owed by selling at the current price level, however being so close to production and with the two additional "catalysts" looming in the not so distant future it's at least plausible (if not probable) that some event will be taking place shortly; an event which will result in a sudden rise in the pps AND the liquidity of our stock. Could be Mustang Island production, could be something else, could be both.
Well intentional or not, certainly reiterating that this company owes LaJolla $120 k on a Friday close after the stocks up 100% from the weeks low has the potential to shake a few shares loose.
Not from me though.
Since when did the potential for huge profit become an incentive for sketchy ethics?
Pretty sure Silvermere's just playing catch up to us now.
I figure if someone wants to buy in with any sort of size they'll find a way, but the overall trend up to the point of I-1 flow tests will be up from here.