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It could be flipper EOD selloffs, they were hoping for a big % gain with the next news and are now bailing.
Big buys going thru.
So if WRNW had a laison with the EPA to get the job plugging 1000+ wells .....
http://www.parkeranderson.com/
OK, I *really* doubt that there is a connection, just posting it as a curiousity.
Yep, this is an article that shows the problem with all these unknown wells. Looks like Rogers county is the place to be for reworking wells.
" The Lake Oologah Oil Spill site contains hundreds of abandoned leaking oil wells and tank batteries that present a substantial threat of discharge to navigable waters of the United States or its adjoining shorelines. Although portions of the oil field remain active, operators have abandoned many of the oil wells and tank batteries. According to Oklahoma Corporation Commission (OCC) records, only eighteen percent of the oil and gas leases in Rogers County, Oklahoma are now actively being produced, and twenty-three percent of Nowata County leases are still in production. Many of the abandoned wells and tank batteries are leaking crude oil directly onto the surface and into nearby creeks and surface drainage paths. Surface runoff from these areas drains directly into Lake Oologah or tributaries of the lake. Owners and operators associated with a significant portion of the leaking wells or tank batteries have been reported by the OCC to be unknown, no longer in business, or individuals with insufficient financial resources to plug the wells. Many of the well locations are unknown or poorly identified, and comprehensive or accurate maps, databases, or other records are not generally available or incomplete. "
http://www.epa.gov/earth1r6/6sf/lakeoologah.htm
Parker Anderson was mentioned as a corporate investor.
I think I'll be selling the few shares I have in NVMG today and move the cash into WRNW.
Is it the potential or the ability to get the job done?
jealous, eh?
He's creating a very well rounded company, IMO.
Cementers' overall revenue has shown considerable growth over the past several
years. Adjusted EBITDA for the fiscal year ending June 30, 2007 is anticipated
to be approximately $3 million. Well Renewal anticipated entering into a
definitive Purchase Agreement within the next two weeks.
pick and shovel, is that the saying?
NEWS!
Well Renewal Signs Binding LOI With Cementers Well Service, Inc.
TULSA, Okla., May 3, 2007 (PrimeNewswire via COMTEX) -- Well Renewal, Inc.
(Pink Sheets:WRNW) an emergent, rapidly growing diversified oil and gas regional
operator, specializing in oil and gas exploration, enhanced recovery methods of
abandoned and low-production oil properties, oil field services; is pleased to
announce that it has entered into a Letter of Intent to acquire Cementers Well
Service, Inc., a privately held Colorado company specializing in cementing
services for oil, gas and water wells.
In operation since 1960, Cementers is a Greeley, Colorado based service company
providing comprehensive cement related services in Colorado, Nebraska and
Wyoming. Cementer's main area of operations is in Northern Colorado. Customers
utilize Cementers for their excellent work in the area of surface and production
of casing services. They are a very well respected company in the energy
industry, with a secure customer base.
David Rees, WRNW CEO stated, "We are very excited about working with Cementers.
Jack and Rose Stoller have built a tremendous business, and we look forward to
supporting their efforts to continue to provide top notch service to our
customers. We believe that the future of this business is unlimited as the
demand for energy continues to increase. We look forward to working closely with
the Stoller's for many years to come."
Rose Stoller, Chief Financial Officer of Cementers commented, "We are pleased to
have found partners who have the same commitment to servicing our customers that
we have had over the years. Since my father started this business, we have
always put our customers first and look forward to continuing this great
tradition and business."
Cementers' overall revenue has shown considerable growth over the past several
years. Adjusted EBITDA for the fiscal year ending June 30, 2007 is anticipated
to be approximately $3 million. Well Renewal anticipated entering into a
definitive Purchase Agreement within the next two weeks.
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in
oil and gas exploration as well as enhancement and recovery of abandoned and low
production oil properties, and oil field services.
Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number of factors,
which include but are not limited to, risk factors inherent in doing business.
Forward-looking statements may be identified by terms such as "may," "will,"
"should," "could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue," or similar
terms or the negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. The company has
no obligation to update these forward-looking statements.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Well Renewal, Inc.
By Staff
CONTACT: Well Renewal, Inc. David Rees, CEO 918-585-5101 info@wellrenewal.com
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
OIL
CONTRACTS
ACQUISITIONS
Business Contracts
Mergers and Acquisitions
Dollarland easy.
Thanks!
Has anyone been able to find out what the OS is? Thanks.
2 x 1.10, .65 must be very thin.
Was it AON?
From today's PR
"Turning to the future, I firmly believe that Core International Limited has the strategy and people in place to deliver long-term shareholder value. In addition, Core International Limited is moving forward with further acquisitions that will be more appealing to the investor community."
What is the ask? I have .56 from Scottrade and .65 from Bloomfield. The latter shows NITE at .65 with DOMS next at 1.10.
Yes, when I did a search some of the hits were Chech.
Anyone hear of this guy before?
According to Jan Vrba, President, "We have made significant operational progress
moving the Company from an organization stage to a point where our primary focus
is now acquisition and development. Turning to the future, I firmly believe that
Core International Limited has the strategy and people in place to deliver
long-term shareholder value. In addition, Core International Limited is moving
forward with further acquisitions that will be more appealing to the investor
community."
Good catch, I didn't notice that.
Originally they wanted to aquire ESP, but pushed that back to June/July. Now they are closing on TEAM by the end of May, which could mean they will pursue the ESP aquistion right after the Team merger. The aquistion of Team will give greater value to restriced shares that can be used to aquire ESP. It would put earning somewhere around $30MM. (at least thats my story and I'm sticking to it)
.30 X .56, then .65
.30 x 55, 1x2
DING or DONG IMO.
I expeced the same, but perhaps the name of the other company was as bad as BIGNs.
NEWS!
TYLER, Texas, May 2, 2007 /PRNewswire-FirstCall via COMTEX/ -- BiogenericsLimited(Pink Sheets: BIGN) (GR: D9G) -- announces today that the Board of Directors has selected from among many suggested names by its Shareholders, thename -- Diversified Oil and Gas Holdings, Limited and has registered this name with the State of Nevada on behalf of the Company.In pursuing the Company's goals in selecting a name that is more indigenous to the Company's future operations, the Board felt this name was indicative of the Company's future business operations. The Company is processing paperwork necessary for the name change, new trading symbol and new cusip number at this time. Further details regarding the name change will be made when approvals are obtained. All previously announced business opportunities are continuing and the Company will update the market as these opportunities are concluded.
Website: http:/www.bignltd.comAbout Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused onexploitingand distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc and Hydroslotter Corp.Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning ofthePrivate Securities Litigation Reform Act of 1995. Statements in this releasethatare forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or otherfactorswhich may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, orachievementsexpressed or implied by such forward- looking statements. Actual results could differ materially because of factors such as the effect of generaleconomicand market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existingproductsand services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues andincometo fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update anyforward-lookingstatement to conform the statement to actual results or changes in the company's expectations.SOURCE Biogenerics Limited
CONTACT: James Lancaster, CEO of Biogenerics Limited, Corporate
Inquiries, +1-903-581-4053, or Investor Relations, inquire at http://www.bignltd.com
URL: http://www.bignltd.com http://www.prnewswire.com
www.prnewswire.comCopyright (C) 2007 PR Newswire. All rights reserved
-0-KEYWORD: Texas
INDUSTRY KEYWORD: OILSUBJECT CODE: VEN
Source: Comtext Market News
Compliments of Scottrade.com
BID UT: .30 X .45
bid UT: .20 x .45
.18 x .45
then .55, .56
.0095 x .01
3x1
News -
Core International Limited Completes VTEM Exploration Program on Wawa
Property
TORONTO, May 02, 2007 (MARKET WIRE via COMTEX) -- Core International Limited
(PINKSHEETS: CRLD) is pleased to announce that the Company has completed an
airborne geophysical survey using the services of Terraquest Limited
(www.terraquest.ca). The Versatile Time-Domain Electromagnetic (VTEM) survey is
the leading airborne geophysical system in use today and was applied to the
Company's Dog Lake property in Wawa, Ontario. The VTEM technology has documented
capabilities to detect highly conductive rock bodies to depths of up to 800
meters (2500 feet).
To date, we have surveyed only a small portion of our entire Dog Lake claim
holdings and this will greatly accelerate our efforts in identifying prospective
new targets for drilling. The preliminary results are encouraging and suggest
further exploration on the Dog Lake property is required.
Core's subsidiary, Core Resources Management Inc., has entered into an Option
Agreement with First Light Resources Inc. to earn up to a 75% interest in the
property by carrying out further exploration programs over the next two years.
First Light, an Ontario corporation, is the owner of approximately 7,000 acres
of exploration property in the Dog Lake area.
The property held by First Light has a very attractive history with exploration
activities dating back to the early part of the 1920s. The area is well known
for gold discoveries and more recently for significant diamond exploration
activity. Initial research carried out by First Light and earlier surveys done
by the Ontario Ministry of Natural Resources shows multiple indicators for
potential future discoveries.
According to Jan Vrba, President, "We have made significant operational progress
moving the Company from an organization stage to a point where our primary focus
is now acquisition and development. Turning to the future, I firmly believe that
Core International Limited has the strategy and people in place to deliver
long-term shareholder value. In addition, Core International Limited is moving
forward with further acquisitions that will be more appealing to the investor
community."
About Core:
Core International Limited is a company whose mandate is to find properties in
both the mining and oil & gas sectors that may present excellent opportunities
for exploration and development. The Company is currently in the process of
negotiating several high profile acquisitions that will provide excellent growth
potential for the Company and its shareholder base.
Cautionary Statement Regarding Forward-Looking Information:
Except for statements of historical fact relating to the Corporation, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as
"potential," "estimate," "plan," "expect," "project," "intend," "believe,"
"anticipate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks involved in
the exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data, the lack of
a quoted market for specific minerals, the possibility of project cost overruns
or unanticipated costs and expenses, a history of net losses, dependence on the
support of a significant shareholder, uncertainties relating to the availability
and costs of financing needed in the future and other factors usual to the
mining industry. The Corporation undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.
For further information, contact:
Jan Vrba
President
Phone: 905-567-6726
Website: www.core-international.com
SOURCE: Core International Limited
CONTACT: http://www.core-international.com
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
IEA economist sees smaller impact from higher oil prices
By John M. Biers
Last Update: 6:36 PM ET May 1, 2007
HOUSTON (MarketWatch) -- Citing a variety of factors that mitigate high prices in energy-consuming nations, the chief economist for the International Energy Agency said Tuesday that high prices are having a diminishing impact on energy consumption.
"We are going through a major structural change in which the role of price will be less and less," said Fatih Birol, chief economist for the IEA, a Paris-based watchdog for energy-consuming nations.
Birol, addressing a panel discussion that touched on a variety of facets of today's bullish energy market, pointed to three factors in explaining consumers' increasing flexibility to higher energy prices.
When energy prices rose precipitously in the 1970s and early 1980s, consumers in the U.S. and elsewhere used less energy. But energy consumption has remained high despite the high prices of recent years.
The increasing wealth of the U.S. and other developed nations helps these countries withstand higher energy costs, Birol said. Another factor is the prevalence of energy subsidies in many developing countries, which cushions the effect of higher energy prices on consumers. The third factor is the prevalence of fuel for transportation as a source of incremental consumption growth, a function for which there are few options to petroleum products, he added.
"The impact of prices on demand is getting less," Birol said.
"This is very new compared with the past."
Panelists at the Tuesday session of the massive Offshore Technology Conference provided a generally bullish outlook for energy prices. Birol said the oil industry would need to generate 150 million barrels a day of additional oil capacity to meet demand growth and counter natural field decline. Current global oil consumption is about 87 million barrels a day.
Such an increase in capacity constitutes a "major major challenge" for the oil industry, Birol said.
David Dunlap, executive vice president of BJ Services Co. (BJS :
BJ Services Company, said technology could be a major solution if oil companies and the oil services industry succeed in increasing the share of oil and gas that can be produced from existing discoveries. The industry can produce only about 35% of the hydrocarbons now and must leave the rest in the ground.
"The next challenge is how do we produce more from what we have today," Dunlap said.
I don't think anyone knows what is going on, we had a RM but no PRs to explain anything. I'm curious as to what your alerts are telling you.
Question. If WRNW were to get 51% of Team would WRNW earnings be increased by 51% of Teams earnings or the complete 100%?
Thanks.
From the April 12th PR.
"As the continuing completion documentation becomes available, WRNW will continue to update the results. WRNW is pleased with the anticipated 150 MCF per day from the initial wells and will upon the completion of a minimum of 15 wells on the Birdsall and 5 additional wells on the Ward expect in the region of $2,000,000 in further annual revenues from these leases. WRNW also expects up to 50 bopd from the same leases and if successful would add approximately $1,000,000 more in annual revenues."
I believe that they are referring to a total of 20 wells. If so then there is an average of 2.5 bbl/day from each well and 7.5 MCF of gas.
The EPA has started a project of plugging 200 wells in Rogers county, if I can find the link to this I'll post it.
I think 2 wells per month per rig would a good conservative number.
This is what I think is a small company using this kind of technology.
"One example was a recovery project of a partially depleted limestone reservoir in Beaver County, Oklahoma. The oil and gas production was declining at a rapid rate to near abandonment. 1.5MMcf of inert gas was injected causing a 400% increase in gas production which held for nearly six months. The application paid for itself in approximately 10 days.
The Glenpool field has been under water-flood for many years. In its case, we rigged up on the center well in a “5-spot” and pumped in 600 MCF of N-CO2 gas. Production rose from 10 BOPD to 20 BOPD and lasted 100 days.
In Okfuskee County, we were called to a well in the Dutcher formation, only making ¼ BO per week! After 600 MCF of N-CO2 gas was pumped into this reservoir, the well came back to make 10 BOPD. After 120 days, production declined to the original production rate so we were contracted to treat this well on a regular basis."
http://www.ericssonwebdesigns.com/nico/index.html
I'm pretty certain that WRNW sold it's NCO2 technology to BIGN, RYPL, and SRBX (interrelated companies) but they may have retained a license to use it since they PR'd it, or will be using CO2.