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i hope so
Stock analysis for Grid Petroleum Corp (GRPR:OTC US) including stock price, ... Grid Petroleum Corp: Acquires 10 % Working Interest in the Garcia #3 Well
View the latest GRPR stock quote and chart on MSN Money. Dive deeper ... Grid Petroleum Corp. provides Garcia #3 well completion initial update. Oil Voice .
did not grid drill before garcia well # and the drillers had a spill and had a conflict about clean up
i dont know
yes maybe cheaper tp drill
thanks
By Keith Kohl
Tuesday, December 2nd, 2014
I was wrong.
Had you asked me in the months leading up to OPEC's latest meeting in Vienna what the outcome would be, I almost certainly would have said that the 12-member oil cartel is stuck between shale rock and a hard place.
In my opinion, the pain of oil prices below $70 per barrel would be too much; price hawks within that organization would be screaming bloody murder.
Unfortunately, it's what the Saudis think that counts. I mentioned earlier this year that the Saudis are absolutely terrified of the U.S. tight oil boom. At the time, it was a Saudi Prince who was sounding the alarm over the potential of tight oil.
Well, it turns out somebody was listening.
OPEC's conclusion was to leave production levels unchanged.
And you don't need me to tell you what that means for global crude prices. Oil trading in London declined more than 10% the next day, while Western Texas Intermediate dropped to a fresh 52-week low of $63.72 per barrel this morning.
But did OPEC just shoot itself in the foot all in the name of taking U.S. producers down a few pegs?
I believe it did.
More importantly, I also think the Saudis are about to create a new class of millionaires out of today's individual investors...
Can OPEC Survive a Crude Crash?
Let's face it: If the Saudis didn't rule OPEC with an iron fist, there would be absolutely no question that the group would have decided to cut production. In fact, some members believe that cut would have been roughly 1.5 million barrels per day had it not been for them.
It turns out I underestimated the Saudis vehemence toward the U.S. oil boom.
Just think what they had to overlook in order to keep output steady...
Forty-four years ago, the Saudi government spent about $1.6 billion.
In 2010, that amount swelled to $158.9 billion, making it arguably one of the fastest-growing economies in the Middle East and North Africa.
Remember, revenue from crude oil exports accounts for nearly 90% of Saudi government expenditures!
Earlier this year, the IMF reported that Saudi Arabia's break-even price has jumped approximately $50 per barrel since 2009, and the nation needs prices around $80 to balance its budget.
Of course, this is also on top of the fact that Saudi Arabia's oil consumption is steadily increasing and currently stands at about 3 million barrels per day.
To put it simply, even the Saudis can't withstand a drawn-out oil price war.
And although OPEC left output untouched, I'm still doubling down on my bet that OPEC will cut its production levels in early 2015.
they will suprise everyone
yes and they need things to happen maybe they need something big to happen to them if they have news that movess pps they will release it
i was on astrology website and it had a picture of california amd 2 or 3 color maps up and down ca maybe it will show the map before annoying talk http://www.topstockanalysts.com/land/tsa/boomtown/land.asp?ref=gaw&gclid=COnelOutq8ICFcZzMgodMAEADw im not sure now if this looks like ca what do you think
well when news hits what do you think
thanks
can someone put up the santa rosa website up that was in one of the posts recently
they applied for one right
well their goal is to drill so that should be next and surprise some people
me too
drilling
thats what grpr is hoping for as well
depends on excitement
permit would be good
No that was pei&
OneS harder to get
Tomorrow’s Chart Provides “Platform” Play
http://clicks.aweber.com/y/ct/?l=1YlPPH&m=3a.Y2vJUrblSmzP&b=MUL0dw5W5hSHzC8XSAhxIQ
Good afternoon!
The last oil stock we looked at was a juicy winner so I’ve been doing a little drilling of my own in search of similar bull opportunities we can chase.
I dug pretty deep, all the way down to below $0.01 bedrock. But the name you’ll see tomorrow has prospects far beyond its current PPS!
Why’s this baby so beaten up if it’s got such a great story to tell? Pure and simple, management has been too quiet as they work on the business.
In the absence of news flow, any start-up can crumple! But as we approach the end of the quarter, I think this flatline chart can develop some bounce.
And since the technicals are already pounding the table for a bull reversal, tomorrow’s as good a day as any. Details at THE LINK at the open!
See you soon!
that would be good
I dont know
Grid Petroleum Corp Enters Into Strategic Funding Agreement
Grid Petroleum Corp
June 30, 2014 9:20 AM
DENVER, CO--(Marketwired - Jun 30, 2014) - Grid Petroleum Corp. (PINKSHEETS: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has entered into a strategic funding agreement with Santa Rosa Resources Inc, a privately held Delaware corporation, for the development of Grid Petroleum's leases in the Kreyenhagen Trend Properties located in the San Joaquin Valley of Central California.
Santa Rosa Resources is currently engaged in a Reg. D, rule 506(c) joint venture offering to fund the drilling of ten wells on the Kreyenhagen Trend leases owned by Grid Petroleum. Santa Rosa Resources' CEO stated, "We are looking forward to drilling five wells into the shallow Temblor Formation as well as five into the Kreyenhagen, Avenal and Monterey Shale Formations. We are hoping to produce between 2,000 and 3,000 barrels a day from the wells once the drilling program is completed."
Grid Petroleum President James Powell remarked, "We are looking forward to developing these leases and hopefully other leases in the future with Santa Rosa Resources. This mutually beneficial arrangement will assist Grid Petroleum in executing its business plan and achieving its long term goals."
The company plans to begin the mapping planning and drill site selection process for the development of these ten wells.
Upon completion of the planning process the company will then be making Drilling Permit applications for its first development well.
The company will be the Operator of these lease holdings.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
i found a company that is producing 2600 barrels per day trading at 0.77
looking forward to price increase