From the asylum. Excllent news because if I'm not mistaken, FPPL has some leases in this neck of the woods. What this tells you is that major activity is getting underway in this area BIGTIME. I'm originally from Southeastern New Mexico and will be contacting some friends to find out just how much activity is getting underway. I now that the last trip back home, I saw more drilling activity then in the last 20+ years since leaving home. Good luck all.


OT: WW Oil & Gas opens its own Farmington office
Friday May 19, 4:09 pm ET


The oil and gas subsidiary of WW Energy Inc., WW Oil & Gas Inc., has opened an office in Farmington.
Until moving, it had been housed in the WW Energy building, also in that northwestern New Mexico city. The new space gives the subsidiary its own identity and workspace in a growing market for oil and gas exploitation.

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WW Energy is a holding company that was created to acquire oil and gas service companies as well as oil and gas related assets through its two wholly-owned subsidiaries.

Its other subsidiary, WW Trucking Inc., is a leading oil and gas services company in the oil field industry in the Four Corners area. It was formed in 1999. It has grown from two water transport trucks that year to a fleet of 17 in 2005. Since 2002, the company has boosted revenue by about $500,000 per year and expects to exceed revenues of $3 million by the end of 2006.

WW Oil & Gas, established in 2005, is involved in development, exploration and exploitation of energy resources. The company currently has two exploitation projects containing three oil and gas leases in the San Juan Basin of New Mexico, one of the state's largest petroleum-rich sites. ConocoPhillips (NYSE: COP - News), XTO Energy (NYSE: XTO - News), and British Petroleum (NYSE: BP - News) are a few of the companies active in the San Juan Basin area.

Published May 19, 2006 by New Mexico Business Weekly

Jstone, you're backing into the difference between "investing" and "speculating". I was wondering if it is legal to short the stock in one account and accumulate it in another separate account? If this can be done, then if you short 67,000,000 million shares at an average cost of .013, you would put approx. $870,000+ at risk. Now, when you begin to run it, you begin to distribute what you've accumulated into the market at much higher prices, I can see where this would be more of an incentive then drilling for real oil.

Great job Blue, well, whomever this clown is that is shorting us is going to take us sub-penny again. Hold on.

Yeah, contact your local Senator and tell them that you're pissed off that we as a country are reliant on foreign oil for our country's economic well being. What is Senator ??? doing to provide a solution for this worsening situation?

arkie, these Senators already know the answer, this is just wonderful theatre. Hang in there:) Excellent find.

Nice open.

Penny, thanks, great find and will listen to it.

Longs, the nos. in this report will blow you away if they're remotely in the neighborhood of being right. If FPPL management were to put out an informative PR about any recent developments, I have no problem suggesting that this stock could over $1.00 without to much problem, other then, the MM's screwing with it.

Cash, you might read up on who runs Eden. This company is the real deal friend. He's a BIGTIME heavyweight in the industry. Good luck and thanks for your warning.

http://money.cnn.com/services/tickerheadlines/mw/06110143.htm

Ok guys, remember my comments concerning WNWG. I just came across another report with much greater detail about a company that is involved in the area that FPPL has leases in.

Here's a quote:

THINGS ARE MOVING FAST IN "THE GREAT BASIN"! A colossal billion barrel discovery has just been anounced, with 10 more mammoth fields aleady indicated. Now the majors are rushing in, but they're too late! Eden Energy (EDNE) was one of the first on the scene and has 291,000 acres at the epicenter. Drilling starts in late '05 -after Katrina, not a moment too soon."


Let's do some research on a Dr. Alan Chamberlain. He's the focus of this report.

I'll be hitting EDNE's ask Monday morning. Longs, if whomever is behind FPPL has an IQ North of 10, we should all do quite well with this company. Keep accumulating.

Are you a good banker or bad banker? I know there are some excellent bankers out there trying to be prudent and conservative in their decision making but are up against the dark forces. Glad you're here. Enjoy the read.

http://www.financialsense.com/fsu/editorials/gnazzo/2006/0518.html

It's like we're being stalked and at the right time KABOOM!

TUF, I also want to thank you for your comments and analysis.

Check this article out.

http://www.financialsense.com/editorials/phillips/2006/0516.html

Russian Rouble to Attack the US$

While things like hurricanes and bad weather sure add to pricing pressures for oil, gold, silver etc..A changing world will make those events small in comparison. See TUF, the clowns that come on TV and write articles in the mainstream press are paid not to inform you but to placate you. The world is reconfiguring in their long term (50+ years) relationships and at the heart of this change is a rush to secure energy. We as a country will embrace this change in a HUGE way because it will be sold to us en masse as a patriotic and independent thing to do. The really big show hasn't even made it to the stage yet, hang in there, it's coming.

Oil should right now be well over $100 dollars a barrel but isn't due to the street's yeomen's work in keeping prices down by going short oil at all costs. TUF baby, it's better then Greek Mythology.

Slow and steady. Looking good.

From Raging Bull:

By: mrk0476
18 May 2006, 09:07 AM EDT
Msg. 25542 of 25542
Jump to msg. #
WOW! email response from Jeffrey Bruhjell:

'The answers to your questions will be forth coming in the days and weeks ahead. Many Press Releases are planned as the milestones are hit.



There will be significant news very soon.



Thank you,'

stoli, or any others that might use Ameritrade, how long have the servers that allow you to execute trades been down? TIA.

OT: While we're all here watching paint dry, check out and DD IDCN. Good luck.

sea, good rant. Now let's figure out what the primary driver or "cause" of higher prices is.

"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose."


John Maynard Keynes
Economic Consequences of the Peace, 1920

maniac, it appears there's some real accumulation taking place at .0125. Hold tight.

cash, thanks for your comments. It really looks like the MM's are trying to scare some shares free. Most of the days buys seem to be at much higher prices then what the days lows would suggest.

arkie, that's been my experience on several occasions, so I quit doinig it and just wait it out and add on the dips. This seems to work better for me. Hang in there, it's pretty much a down day all around.

Still in at under a penny. Although I have been tempted to sell a little and try to time a purchase. Hanging tough.

maniac, I agree, I keep perceiving a coiled spring. Not bad volume so far.

maniactrader, shaping up to be an interesting day.

lukin, and maybe some smart investors. It looks like volume is picking up at these levels. Maybe a bottom???

Thanks arkie, well, it looks like some big trades going through here at these levels. Maybe some support here. You never know with these pennies.

Anyone, what's the b/a?

maniac, according to the link, we're still showing volume above the 200 day average and share price is well below the 200 day average price. This baby is springloaded. Any day now.

http://bigcharts.marketwatch.com/quickchart/qsymbinfo.asp?sid=1950664&time=8&freq=1&symb...

arkie, yes the trend does look like lower highs and lower lows.
Might be a good time to wait it out to pick up a few more.

Pretty interesting range as the first few trades. Do we explode up or break through the .0152 support line?

OT: Morning maniac and all longs. Here's a pretty good read on where we're going in the commodity sector. I will start layering calls in most of these sectors. Enjoy it and invest accordingly.

http://www.financialsense.com/fsu/editorials/2006/0509.html

OT: FYI. Prepare and invest accordingly. I wish you well.

http://www.financialsense.com/editorials/weiss/2006/0508.html

zoro should bill them for the excellent work that he has provided.

Let's see if .0152 holds. This might be a support level.

We probably could carry on this discussion at length for sometime. Silver Bars is all over what will transpire, which is, to make MASSIVE FINANCIAL CAPITAL investment in reconfiguring and modernizing our energy infrastructure here at home. If you sit back and observe the new relationships that are being formed by China, Russia, etc...you can't help but come to the conclusion that change is on the way.

wmbz. if you must flip, stay with commodities because the world including ourselves are manuevering for natural resources BIGTIME. Good luck.

The Iranian situation is romper room stuff and classic misdirection. These are the guys you don't really want to piss off because it will make for interesting times here in the states in the not to distant future.

I know this might be over the head of most penny flippers but I will tell you this one time, you had better start figuring it out because a new paradigm is being ushered in.

http://www.financialsense.com/editorials/engdahl/2006/0508.html

Part II: Disintegration of US Eurasia Strategic Influence

A Foreign Policy disaster over China

In this context, the recent diplomatic insult from Bush to visiting China President Hu Jintao, is doubly disastrous for the US foreign position. Bush acted on a script written by the anti-China neo-conservatives, to deliberately insult and humiliate Hu at the White House. First was the incident of allowing a Taiwanese ‘journalist,’ a Falun Gong member, into the carefully-screened White House press conference, to rant in a tirade against Chinese human rights for more than three minutes, with no attempt at removal, at a White House filmed press conference. Then came the playing of the Chinese National Hymn for Hu. The ‘Chinese’ hymn, however, was the (Taiwan) Republic of China hymn, not the (Beijing) Peoples’ Republic hymn.

It was no ‘slip-up by the professional White House protocol people. It was a deliberate effort to humiliate the Chinese leader. The problem is that the US economy has become dependent on Chinese trade imports and on Chinese holdings of US Treasury securities. China today is the largest holder of dollar reserves in form of US Treasury paper with an estimated $825 billion. Were Beijing to decide to exit the US bond market, even in part, it would cause a dollar free-fall and collapse of the $7 trillion US real estate market, a wave of US bank failures and huge unemployment. It’s a real option even if unlikely at the moment.

China’s Hu didn’s waste time or tears over the Bush affront. He immediately went on to Saudi Arabia for a 3 day state visit where both signed trade, defense and security agreements. Needless to say, this is no small slap in the fact to Washington by the traditionally ‘loyal’ Saudi Royal House.

Hu signed a deal for SABIC of Saudi Arabia to build a $5.2 billion oil refinery and petrochemical project in northeast China. At the beginning of this year, King Abdullah was in Beijing for a full state visit. Hmmmmm…Since the Roosevelt-King Ibn Saud deal giving US Aramco and not the British exclusive concession to develop Saudi oil in 1943, Saudi Arabia has been regarded in Washington as a core strategic sphere of interest.

Hu then went on to Morocco, another traditional US sphere of interest, Nigeria and Kenya, all regarded as US spheres of interest. Hmmmm. Only two months ago Rumsfeld was in Morocco to offer US arms. Hu is offering to finance energy exploration there.

Ok, so plug in 3000 instead of 4080 and so on. Same goes for plugging in the possible amount of recoverable barrels. This attempt is not set in stone. What I'm getting at, we're a little on the undervalued side of price discovery.

So if I have this right, we're talking about 4080 total acres.

If this is correct, then say we extract approx. 30,000 barrels of oil per acre(applying Dany's no. taken from US Dept. of Mines), then a miximum would be 122,400,000 barrels for this amount of acreage. Now if you apply the following:

122,400,000 possible recoverable barrels * .02 market value that the government currently mandates you to carry on the books, we get = $2,448,000 current market value.

$2,448,000 divided by approx. float of 312,000,000 = $.0078. Now apply a conservative future P/E of say 15 (15 * $.0078), we get $.1177. NOW apply a change in law that Dany has suggested from a .02 carrying valuation to $2 to $3 dollars and watch how the nos. explode for just having the leases.

@$2 * 122,400,000 = $244,800,000 divided by approx. float of 312,000,000 = $.78 * P/E 15 = $11.76

@$3 * 122,400,000 = $367,200,000 divided by approx. float of 312,000,000 = $1.17 * P/E 15 = $17.65.

THIS IS JUST A POSSIBLE TEMPLATE FOR VALUING THE LEASES ALONE AND DOES NOT TAKE INTO CONSIDERATION THE CURRENT MARKET PRICE OF OIL.

Ok, I'll put the pipe down.

Just for fun and homework, factor in the current market price of oil.

I have 1080 acres that you haven't verified, is that correct? Do you see where I'm going with this and how BIG this is?