is...long term investor
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contractor10940
Please inform me when this company has some good news,please hurry i'm about 60 years old and us old germans usually live to about 90 years old !
Thank you for your quick reply
jmho
did we hit the big one yet ?
Did the stockholders get one in the rear???
this not looking so hot folks,but do not worry i smell something cooking in the back room. LOL
just wait a little LONGER. ha ha WE HEAR THAT LINE BEFORE
jmho
just checking back in to see how smart i was when i sold at about 8 cents
maybe if it drops enough i may buy again. Did they repay that loan you folks were talking about???
thanks for the info
jmho
what the heck happened to this board???
seems everyone a LITTLE grumpie
I may buy some if it drops low enough
jmho
did i miss any news ???
price dropping ??????
jmho
ctb
I'm just watching to see what is going on,don't want to miss any goodies
jmho
any good news coming out?
include under the table stuff? where are the locals
jmho
someone could have made a goof
trade $1.01 LOL
maybe could it have been a typo goof ?
jmho
symbole change
i think this one would do
DUD
ROTFLMAO
jmho
ctb
Where is the production ?
ask yourself are things getting better ?
Have they hit any good wells ?
Has the company updated the stockholder on a timely fashion?
Who is really making $$$$ , you or the ceo ????
jmho
telling it like it is
Posted by: hayhauler
In reply to: contractor10940 who wrote msg# 34017 Date:9/13/2007 8:57:39 AM
Post #of 34032
contractor
Why were they there? Did they get drafted? Don't you get it? You're asking folks to invest in a company that has people running it that are fly by night oil men. They weren't sussessful in the 80's and were in Iraq in the 90's. We're not talking about a filling station here. It is a highly technical industry and it involves a lot of investment, experience, and knowledge. These guys are shallow well experienced at best
jmho
are we subpenny yet ?
Just wait
lol
jmho
come on pumpers you falling down on the job
the boss could replace you. LOL
jmho
did it close below a penny today
I've been golfing and just got home.
jmho
Someone is seeing the light !
Posted by: defined-process
In reply to: None Date:9/11/2007 9:42:54 AM
Post #of 33899
It will keep up. IT GETS WORSE!
jmho
if it keeps it up could be under 10 cents after R/S split
where is the bottom ???
jmho
SkipperGas111
IMHO a penny is still to much. What are the stockholders getting? ZIP no production to speak of. WE GOING to hit the big one stockholders YEA !
The bag holders got the BIG one alwright and the boss got the paycheck
Do your DD
check out TGA if you want to see some good NEWS
jmho
what is the share price for this stock ? thanks
somewhere around a penny you say.
have they done the reverse split YET ?
jmho
jmho
News out
Posted by: farml1234
In reply to: None Date:9/5/2007 8:49:45 PM
Post #of 33796
Could have , should have,never to late
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Press Release Source: TransGlobe Energy Corporation
TransGlobe Energy Corporation Acquires Producing Fields in Egypt for US$59 Million; Assumes Operation of Eight Development Leases With 24 Producing Wells
Wednesday September 5, 5:01 pm ET
CALGARY, ALBERTA--(MARKET WIRE)--Sep 5, 2007 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (Toronto:TGL.TO - News) (AMEX:TGA - News) announced today the signing of a binding purchase and sale agreement to acquire two privately held companies, holding interests in eight development leases and associated infrastructure in the West Gharib Concession area in the Arab Republic of Egypt.
ADVERTISEMENT
The transaction highlights include:
- US$59 million all-cash deal, effective July 1, 2007, with operatorship of seven fields with 24 producing wells; funded through an expanded credit facility
- Immediately accretive to cash flow from operations and net income
- Working interest production and reserves:
-- 1,500 Bopd; 3.24 million barrels ("MMBbls") proved reserves; 6.30 MMBbls proved plus probable reserves
- TransGlobe will pay approximately US$39,333 per producing barrel of oil for the assets, or $9.37 per proved and probable barrel of oil
- Increases TransGlobe's daily production 27% effective with the fourth quarter 2007. The Company estimates pro-forma fourth quarter 2007 production will exceed 7,000 barrels of oil equivalent (Boepd) (1)
- Pro forma proved reserves increase 35%, proved plus probable reserves will increase 54%
- 44,000 gross acres in eight development leases
- Adds more than 30 drill-ready development locations that TransGlobe plans to drill during the next 24 months
- Exploitation and development projects yielding additional upside
- Operations can be integrated with TransGlobe's existing Cairo regional office
- A map showing the purchased acreage can be found on TransGlobe's web site http://www.trans-globe.com/s/westgharib.asp.
(1) The calculations of barrels of oil equivalent ("Boe") are based on a
conversion rate of six thousand cubic feet of natural gas to one barrel
of crude oil. Boe may be misleading, particularly if used in isolation.
A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency
conversion method primarily applicable at the burner tip and does not
represent a value equivalency at the wellhead.
West Gharib, Egypt (45% to 70% operated working interest)
TransGlobe Petroleum International Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, has entered into a binding purchase and sale agreement to acquire all the shares of Dublin International Petroleum (Egypt) Limited and Drucker Petroleum Inc. from Tanganyika Oil (Bermuda) I Ltd. for US$59 million, plus working capital adjustments, effective July 1, 2007. Dublin and Drucker together hold a 70% working interest in one development lease and a 45% working interest in seven additional development leases comprising the West Gharib Production Sharing Concession ("PSC"). Dublin International Petroleum (Egypt) operates the West Gharib Concession Agreement, and TransGlobe will assume operatorship at the closing of the transaction.
The West Gharib PSC is located onshore in the western Gulf of Suez rift basin of Egypt. Major oil and gas discoveries have been made in this prolific basin. To date eight billion barrels of oil and five trillion cubic feet of gas have been discovered. The eight approved West Gharib development leases encompass 178 square kilometers (approximately 44,059 acres) and are valid for 20 years. Modern 3-D seismic covers the majority of the development leases. One additional development lease is currently awaiting approval by the Egyptian General Petroleum Corporation ("EGPC").
Current gross oil production from the eight development leases is approximately 3,000 Bopd. Dublin and Drucker's combined working interest share of production is approximately 1,500 Bopd (approximately 750 net Bopd after the production sharing split with the Government of Egypt). There are seven oil fields on the lands which are producing from 24 wells. The oil produced ranges from 16 degrees API to 26 degrees API and is currently trucked 15 kilometers to the Ras Gharib terminal. Independent reserve auditors have assessed Dublin and Drucker's share of the eight leases to contain 3.24 MMBbls of working interest proved reserves and 6.30 MMBbls of working interest proved plus probable reserves. This acquisition will increase TransGlobe's reserves by approximately 35% for Proved and by 54% for Proved plus Probable.
TransGlobe intends to fund the acquisition with an expanded credit facility. A working capital adjustment comprised of cash, inventory and receivables (less payables) of approximately US$11.0 million will bring the total cost of the acquisition to US$70.0 million. It is expected that closing will occur in the fourth week of September, 2007 with an effective date of July 1, 2007 and is subject to standard and customary closing conditions. TransGlobe makes no assurances that it will successfully close the transaction.
Management's Comments
Ross Clarkson, President & CEO said: "The acquisition of the West Gharib producing properties fits with the Company's strategy of expanding its interests in the Middle East as operator. The acquisition metrics are attractive at US$39,333 per producing barrel and US$18.21 per proved or US$9.37 per proved plus probable barrel. In addition, the West Gharib Development leases include over 30 identified development drilling locations as well as additional exploitation and exploration potential. TransGlobe intends to proceed aggressively with developing the full potential of the discovered fields."
About TransGlobe Energy
TransGlobe Energy is a growth-oriented international energy company engaged in the exploration, development and production of crude oil and natural gas in the Republic of Yemen, the Arab Republic of Egypt and Alberta, Canada. TransGlobe holds interests in over 1.34 million gross acres in Yemen (368,000 net acres) and 5.5 million acres in Egypt (2.7 million net acres). Financially strong, TransGlobe has reported seven consecutive years of net income.
Cautionary Statement to Shareholders
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, well production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions
jmho
Barnett shale
This guy has wells
The Barnett is still something I don't get- they drill a lot of wells, they make a lot of gas, and except for the service companies and royalty owners I don't think anybody makes any money. But I'm an idiot and I don't get it so party on in Fort Worth.
Post is from the IH board CWEI
sorry for the info
jmho
FISH1031
I get 20 cents off per gallon for every $50.00 [ thats 40 cents per gallon for every $100.00 i spend ],NOW maybe you can see why i can get a free tank of gas up to 30 gallons. The Giant Eagle in canton Ohio is in a residental neighborhood so i bet alot of those people don't even have a car.
They just changed it to a 30 gallon limit,i know a guy that has a large boat 200 gallons to fill it up. [ he does not keep it at the lake ] and some people were taking 55 gallon drums.
jmho
FISH1031
You a slow to answer my post! Maybe you are shopping at the wrong FOOD store,walmart is not the best !
LOL
jmho
FISH1031
Most people use their discount almost as soon as they get them.We get 20 cents off per gallon for every $50.00 spent.We try to go to the store in canton Ohio about 1 time per month for the main stuff. During the week we shop for the odds & end at the local store [same brand store they do not have gas at the local store ]When i filled up THAT was unusal to get a free tank of gas [ limit 30 gallons ]Just think if you spend $150.00 per week YOU COULD REALLY SAVE ALSO ] Giant Eagle stores
Maybe your store could be ripping YOU off ??? JMHO
jmho
arbormon
coffee is fine,problem is AMEP !
I have not did the numbers yet but i hope i did break even on this jyhjggbebwej
I seen nothing for a upside in the cards
jmho
DID they hit the big one yet ?
I'm looking to buy after the R/S
just can't see paying over 1 cent in my opinion
jmho
unleaded $2.89
wow we getting screwed.
Hey i just filled up with my points from my grocery store,30 gallons ,my cost ZERO FREE saved $86.70
WOW me SMART
jmho
any new news today ?
just same old line ,all talk and no do
sad
jmho
contractor10940
maybe i may buy at 1 cent
jmho
contractor10940
10 cents by friday did it R/S yet , you got my vote
jmho
biophangertie
looks like your calling the pot black
as for me buying back into this stock don't hold your breath.
I'm just watching.
jmho
you don't lose untill you sell
then OUCH you have been had !!!!!
jmho
arkgoff
Did you mean 2 cents after the R/S ????
jmho
Hey where did all the posters go ????
jmho
any more bad news ?
can it get any worse????
jmho
WOW look at that volume about 18,000 traded on AMTD web site
JMHO
contractor10940
Hey dipshit the date on the PICTURE in NOT 2007
You want to post so called news use a picture that is current and in the process of being used TODAY NOT many YEARS AGO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Whats wrong you stuck with alot of cheap stock ??????
ROTFLMAO
JMHO
look at the date on the picture , right side
http://finance.groups.yahoo.com/group/BarnettshaleAMEP/
PUMP & DUMP AT ITS BEST !!!
jmho
biophangertie
I still waiting on that BIG gusher the boss has been drilling for the last YEAR. I think he could be close to China before long. LOL
Wonder why the stock price just went ???? this morning ?
jmho
what happened to all the pumping on this board ?
not much volume today price not flying either
jmho
anyone have a real time quote this morning ?
thanks
why would stockholders be happy
they are seeing the value of their stock dropping to lower levels. LOL
Some will try to pump the stock again [ pump & dump ] ,hey what is the % the insiders own NOW ? LOL 1 for 25 R/S and you guys are happy. Have any of the posters on this board ever own stocks before ?What will the price of this stock be after the 1/25 RS ANYONE care to answer that question !
JMHO
what is all the excitment about ???
You just voted for a 25 to 1 RS and gave a big % of the company to some guy from Texas.
That sounds like a good deal for WHO ?
jmho