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FDEG news after the bell!
Friendly Energy`s Acquires Peach Creek West Prospect
September 22, 2005 16:00:10 (ET)
CARSON CITY, Nev., Sept. 22, 2005, Sep 22, 2005 (PRIMEZONE via COMTEX) -- Friendly Energy Corporation. (Pink Sheets:FDEG) announces today that it has finalized a lease acquisition, the Peach Creek West prospect in Pottawatomie County, Oklahoma.
The Hunton limestone and Wilcox sandstone are the principal oil-bearing reservoirs. Peach Creek West Prospect is comparable in size to surrounding oil fields such as East Stella, Shawnee Lake, South Pink, and NE Tribbey. These nearby oil fields have produced oil from the Bois d'Arc (Hunton), Viola limestone, Viola Dolomite, Red Fork sand, and Wilcox sand. Of particular interest, is the NE Tribbey oil field where 1.6 million barrels of oil have been produced from the Wilcox sand. Additionally, the South Pink oil field produced 800,000 barrels from the Hunton limestone from three wells.
The potential reserves in the Peach Creek Prospect are expected to be 200,000 BO from the Viola and Wilcox, and 100,000 BO from the Bois d'Arc Hunton. Combined reserves are conservatively estimated to be 300,000 BO per well. The prospect structure is large enough to accommodate four (4) wells drilled on 40-acre spacing units.
"Four wells with in-ground reserve potential of 300,000 BOPW for a total potential of 1,200,000 barrels makes this a very exciting prospect," stated company president Mr. Douglas Tallant. "The anticipated flow rates, as indicated by internal geological data, from each successful well of 300 BOPD. The company's interests in the prospect are subject to 100% Working Interest with an NRI of 87.5%. The potential monthly cash flow that each well represents from this prospect utilizing a conservative $50.00 per barrel oil price could exceed $400,000.00 per well per month net to the company for a total monthly potential cash flow of $1,600,000.00 per month. Potential in-ground reserves could exceed $60,000,000.00 from this one prospect."
"With the potential cash flow that one successful well represents to the company, we look forward to starting the development of the first well site immediately," stated company president Mr. Douglas Tallant. "The company is very pleased to be working with Mr. Ray Suhm on this the first of many prospects to be developed in the near future."
The company is expecting to initialized the shooting of two confirmation seismic lines on the Peach Creek West prospect prior to September 30, 2005 to determine the first of four drilling sites.
Friendly Energy Corporation is a development company involved in exploration of low risk oil and gas properties in the United States.
Mr. Suhm has nearly 40 years of experience as a geologist and geophysicist. Further information can be reviewed at www.raysuhm.com
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Corporation ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Friendly Energy Corporation
Friendly Energy Corporation
Investor Relations
(800) 730-5854
www.fdeg.biz
I quit posting, but I’m still holding and watching every day. JT, I haven’t had a chance to thank you for all of your hard work here. It is much appreciated! I’ve averaged down a couple of times because of the work you’ve done and I’m glad I did.
The trading pattern the past few months seems scripted to me. Like some kind of pre-arranged deal where someone is getting while someone else is getting out. This is all taking place casually so as to not cause a commotion. The coil is being wound tighter every day. When she’s ready, it will be a violent move up.
The only thing moving this stock right now is the retail market. I have to say that I think there will be another serious buying opportunity at the end of this month. Looking back at the companies filing history, I’d say there is a better than fair chance we will see a form NT-20F filed to extend the deadline. This is where we’ll see some retail people getting fed up and sell. We could see the price below .09 and maybe below .08 for a short period. That’s were I’ll be buying! If I’m wrong, and the 20F looks like I think it will, I’ll average up.
GLTA,
Indy
I wasn't paying much attention and left a 100k shares in. My account shows an 83% gain on the new NHSP shares. I'm sure I'll never be able to sell them.
Did anyone stay in for the merger?
QBID
This news hasn't hit the wire yet.
http://www.qtelevision.com/site/press.asp?ID=3612
YSCS merger news!
YSCS - Yellowstone Corporate Services, Inc.
Com
Yellowstone Corporate Services, Inc. Announces Proposed Merger
Pink Sheets News Service, May 27, 2005 -- Yellowstone Corporate Services, Inc. is pleased to announce the signing of a Letter of Intent to merge its company with North Country Hospitality Inc., a multi-level restaurant and hospitality company with headquarters in Upstate New York.
North Country Hospitality Inc. is a holding company whose objective is to acquire companies specializing in all aspects of the restaurant and hospitality industry. The North Country group now comprises a blend of fine dining establishments, casual and wine bar restaurants, Mexican cuisine dining and franchised fast food restaurants, luxury hotel rooms, and a commercial bakery.
Presently, the North Country group has operating units throughout Upstate and Northern New York.
King Kwok Yu
Director and President
Yellowstone Corporate Services, Inc.
The information in this Press Release includes certain "forward looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future performance of the Company. Although the Company believes that the expectations reflected in its forward - looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Great day.. Got rid of plenty of weak hands and the price held nicely!
Better days ahead..
.21 x .27 what the hell is with that spread??
Is our seller done???? I think so!! Look out folks...
Pumpers are making a good stock with huge potential look like a POS pump and dump. I just don’t understand. You are trying waaaaay to hard to get CTGLF noticed. Rich is totally out of line over on BB’s board.
This stock has it’s own timeline.
average joe just keeping us honest. LMAO!!
Chinawatcher, the masses thank you!
Seriously, I do appreciate any and all education I can get. Like I said before, I don’t mind being wrong.
So, where do you think the shares are coming from?
I hope you're right, but I am also down with the MM manipulation theory, shorts, and whatever else this crooked system can throw at us. I’m still not worried about this investment in the least.
It’s gonna go. The technicals rock and this presentation kicks booty! http://www.chinatechglobal.com/img/0501.pdf
It’s only a matter of time.
I didn’t read anywhere that the private placement was for Rule 144 stock. You have some information I don’t. Please share. I don’t mind being wrong about this at all.
It states pretty clear to me on the new 13D that 13,328,624 shares were issued to pay of $1,199,576. That amounts to .09 a share. It also said Dr. Fan had control of 162,975,612 shares or 61.7% of the issue.
162,975,612 is 61.7% of 264,141,997. That’s the new OS, and 13,522,285 more than the old OS of 250,619,712. Seems pretty close to me.
If not CTGLF stock then what?
I'd like to start by saying that I have a free subscription to IHUB and do not intend on ever paying. I don't have the time. Second, this is my interpretation. Do your own DD!
There are 3 investors trying to unload shares. 11.2 million to be exact. They want out. All of this info is in the last form 20F if you care to look. We were delisted from the NAS smallcap and they wanted their money back. We did establish a $2.4 million fund to pay them back, but the board decided that they didn’t have to pay them back that way. Good news is, that money is now back in the company coffers. Anyway, they are just trying to get their money back. They got in at .20 and are not willing to unload too far under that price. I don’t think it’s that big of a deal. The paper company was losing money, now CTGLF is unproven and may be too risky for the 3 investors that want out. I think it’s good that we didn’t loose all of them. All of this has gone on since last October and we are still holding this price.
Also there is the 13,328,624 shares that were just issued. They were newly issued. It was to repay debt owed to “themselves” and for .09 per share. It seems they may have unloaded a bunch of them already,, at the end of last month. Good news is someone else was there to absorb them all!! Whoever that someone is along with a few 100k retail buyers kept the price up. It does look like the insider % has gone up. My theory is, it was the company just paying Dr. Fan some cash for all of his hard work.
All of you guru’s trying to sugar coat issues sort of gets to me. It’s just as bad as others going around to other boards trying to pump. You people act like good companies never sell their own stock??
Comments???
Be gentle, I am a freebie and I've looked at americanbulls as well.
Gawwwd. You guys are such pros here!
I didn't say I used it or anyone else should use it. I just said people do use it. As far as not belonging here, I'll be the judge of that.
I have been making some dumb trades as of late so any input is appreciated.
American Bulls Rocks… LOL!
Your guess is as good as mine. Why not do some DD on the company and guess again?
Wow, things really seem to be on the right track here. Dr. Fan buying at .17 is a good sign. I wish he’d bought more though. Last week I got orders filled at .125 and .105. I placed those orders before going out of town on the odd chance it would go that low. I couldn’t believe it when I checked my account Sunday. I’m locked, loaded, and happy with the extra shares!! A bit of bad news is that American Bulls posted a confirmed sell after today’s trading. I think they are wrong this time but a lot of people follow that site and Candlesticks in general. That, combined with a seller still lurking, could spell another buying opportunity tomorrow. I like to guess.
Let’s hope villebout is right about those financials this week. It’s on after that.
GLTA
I know your hero Anthony Elgindy rings a bell with you freaks. To think that a paid pumper exists while a paid basher does not, is plain silly. It’s like Yin and Yang. One cannot exist without the other grasshopper.
The passion and relentlessness that you bashers have for CMKX is unreal!! I have absolutely laughed myself silly reading posts for the past five minutes. The way you people discredit CMKX while it is trading at .0001 is laughable and hard to believe.
The only thing irritating about what you people post is the way you act like you “know” what is going on. You have no more information than anyone, but that doesn’t stop you from sounding off about how bad this company is. It’s pathetic to say least. You should all be ashamed of yourselves.
Half-time is over GTG!!
Nice!!
From TSX
Why would anyone pump an obvious scam if they weren't a shareholder or being compensated in some way?
All we need to do is replace pump with bash and shareholder with short. Hummmmmmmm
p.s. I still think you owe the board an apology for "technically" lying.
TSX,, Stop lying!!
Zooming stocks was NOT paid. Go read their disclaimer and apologize for lying.
DO IT NOW BOY!!! Because I said so.....
Riiiiight Janice,,, Brokerage houses are just filled with the kind of people that give back money. LOL at you!!!!!
That is one your worst explanations ever! Thanks for trying though.
I've got a nice buy order in for .125 if they dare take it that low.
Still no worries for me. Solid news shouldn't be far away...
Thanks for the FDEG info pdc. I was lurking around not to long ago checking Wayne R's IHUB posting history when you asked him (jokingly) to mention FDEG. I tried to find some info on the company at that time and noticed they hadn't filed anything for a while. I honestly thought that you wanted him to mention it becuase you'd been holding the bag on shares since waay back. lol
I just did check out the financial reports on pinksheets and got in for a few at .10. No more .09 sellers!!!
Indy
FDEG
Where is all of your info coming from? I'd like to check them out. TIA
I listened to the webcast using this link.
http://www.wsw.com/webcast/dfctf
I did have to register in order to hear it. No big deal. It's rough! Around 20mins long, broken Engrish. Lot's of good info from an optomistic CEO. Well worth listening. Give yourself plenty of time to be able to rewind and really figure it out.
My .155 order filled today! Didn't expect it but, Whoooo Hooo! This chart looks awesome! Who is accumulating all of this stock? Whoever is selling, obviously doesnt' want to sell much below .16. At least I hope they won't. Any guesses who might be selling?? My guess is whoever the investors were that wanted out after the NAS delisting. Hope they are close to being done.
The chart looks like we may consolidate right around here until some solid news comes. Correct me if I'm wrong, but I did listen to the CEO webcast, and am under the impression that we can now expect quarterly filings? The new filings should reveal that DiChain was profitable last year.
This is gonna to rock folks! JMO
Indy
My sister lives in Avon. I'm on the Southside,,, Greenwood.
We're not native Hoosiers though. Grew up in MO.
Today feels like a good start on SPRING!!
Indy
I just got filled for 3K shares at the bid?? Not sure that's a good thing, but I'm glad I'm in!!! It filled from an Etrade IRA account. I do plan to hold these shares long term. I have another order in a cash account @ .155. I don't expect to get that one but, I'm not canceling the order just yet either.
GLTA
I really didn't want to waste one of my posts on that question. I will now. HA! Why would I or anyone else get free shares from the company? Didn't you know that those rumors were made up by bashers??
Keep up Phil. Things move pretty fast around here.
They have not been a reporting company for over two years. There would be nothing illeagal about it. Now that we are slowly but surely getting some reporting done,,,,
What if lot's of other companies owned less than 4.9% each??
Companies like,,,,,
BUCKSHOT HOLDINGS LTD.
COMMANDO HOLDINGS LTD.
101010307 SASKATCHEWAN LTD.
101012190 SASKATCHEWAN LTD.
101027101 SASKATCHEWAN LTD.
MORGAIN MINERALS INC.
FORT A LA CORNE DIAMOND FIELDS, INC.
Along with many more that were recently created. We could have something here eh?
Just like he has reported everything else that has gone one with the company for the last two years. Right, I get it.
I am sure that they will be. Eventually.....
Do you know how many shares Urban or other CMKX insiders may have bought in street name??
Thanks for the advice Susie. I'm willing to bet that you and Wayne R both wish like hell that you could have held on to some of those POS's for the long haul.
I've done my DD on CMKX and QBID. I'm riding free shares and very much willing to hold and find out what happens years from now.
Nothing about what you are saying is hard to understand. What IS hard to understand is why do you prefer one company over antother when you have exactly the same information about both? You don't know for sure that QBID has sold even 1 sub. CMKX may have a larger OS at this point, but you do not know the float of either CMKX or QBID.
I don't have all of the facts either, but I do own free shares in both of these companies.
Soooooo, what is different about QBID and CMKX. QBID doesn't report anything. They did PR a sponsership for the GAY Games. That's not saying anything about any income. Do you know how many memberships they have sold?? I'll answer that, NO. Do you really know anything about the company other than what they have PR'd? I can answer that too. NO!
All I'm asking is what is different about this pinky than any other.
Feel free to chime in Thing 1. You did start this with your addoration of another non-reporting pinky that you have 0 facts about.
Hey Everybody,,,,
Janice said it's OK to join the QBID cult. Hop on!
Wow!! The message police are keeping things pretty tidy these days.
OK then Thing 2. How do you know about QBID's cash flow situation?
Good point….. I can’t argue the price for a second. The only thing I can say is that through it all, everything you (and friends) have been dishing out for almost year now, has not affected my investment. Some of your spewing has made me think twice a time or two, but all in all, CMKX has prevailed. I think we are here to stay. Your job (or quest, or passion, or whatever it is) has gotten that much harder.
Have a good night!