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I added more this morning, still not to late.
An updated and expanded reserves report is in progress on our leases with wells in Woodson County, Kansas. The well logs and core samples from several new wells that we have drilled in this area will help expand our oil and gas reserves. This report will also begin to verify blanket geological formations of our much larger virgin leases' acreage that are adjacent and contiguous to the west and to the northwest of our five mature producing leases whose total is approximately three square miles.
There may be more behind Hemi getting a updated and expanded reserves report than we could have thought, could be more reason for needing this report now. JMO
I think when word gets out that the Hemi business plan is starting to come togather we can say goodbye to the .05's.
I don't know if it will help you figure out the O/S but I sold 1710 shares at .60 The pps did not move down. I don't see how the O/S could be only 10000 shares.
I have to agree with your post, things have never looked better for moving-up the pps. Picked up another 100000 today, I now hold 3% of the float so you have to know that I believe in the Hemi business plan.
Yea, I googled tight hole too, wasn't what I expected. lol
It has been my understanding that if you have a sell order in for your stock that MM's cannot borrow shares from that account. Does anyone know this to be a fact??
Mission Statement
Hemi Energy Group, Inc. is committed to managing the current and future development and production of strategic oil and gas properties as well as the acquisition of exploration and production (E&P) management company(s). Hemi Energy Group, Inc. remains dedicated to building and maintaining an organization that values integrity and a commitment to providing value added services to our clients, industry partners and public shareholders.
Hard to understand why 175,000 takes it down to .0426 when right before close my 100,000 buy didn't help it hold .045. Guess I'm just not sure how it all works. These A/H trades are a big problem that need to stop.
Hope it goes up ,just bought more
ok sorry, .044
Do you think that these spikes down to .44 might be hitting stop losses? I really do not see us moving up until the next pr. JMO A person starts talking to himself when things are this slow. lol
I seem be be bad luck whereever I go, so by me getting out it should bring you good luck. GLTA
Sorry guys but I'm out of this pos. sold 1710 at .60 . Just can not deal with all the bs. Good luck to all that have lost money. No more pink stocks for me, have learned a great deal the hard way. I have 5 other pinks that are not doing anything at this time but will hold them for now, this one is just too far gone in my opinion. I can only hope that this gang of crooks will get what they deserve someday.GLTA
Who could ever believe that the financail statement that was put out was the same company that wrote those prs. Unfrigging believeable.If the SEC doesn't jump all over these guys than there is no justice whatsoever in pinkyland.
No A/H trades today?
Coydog stop with the predictions ( CTGI) somebody upstairs is listening to you. Have some pity on us poor dumb gamblers.
Anderson I never said that I don't like you, a lot of trust has been taken out of this stock, it is up to the company to regain the trust of the shareholders. That is only going to happen after we see more trasparency in them. I also am here to make money.
Jessieland the pps went up nicely today and was a surprise to me and everyone. I don't understand why but at this point I guess it really doesn't matter. I do not trust you or Anderson but as long as this keeps trading up I am willing to sit on my hands for now. There are a lot of unhappy investors here and they have reasons to be that way including myself.
ALL at .05, was hoping it would take it up a little more.
Had an order in since open at .0474 for 100000, didn't get filled
HMGP
There is no explaination given as to these A/H trades ,which happen daily. Some believe it could MM shuffling of shares at the end of day, but why does this not happen with other stocks I am not sure.
Big Mur and pink floyd, thank you for your response to my concern.
I was hoping someone here might have an answer to my question. I have a stock that I own and at the end of each trading day there is an after hour trade of .002 to .005.that always brings the price down. This has been going on for many months. The o/s does not change so it is not the company selling shares. Who is selling or what is causing this to happen?? Thank you in advance
I have been going to add to my share count for some time now but the A/H trades have kept me from doing so. If you added up all the A/H trades I would think we would be setting at .20 or .30 . This has bothered me for some time, and I'm sure many others. My share count would be triple or better at these low levels. I've looked around the boards for an answer to this problem but only keep coming up with selling by company. Am not here to start anything because I know this has been talked about many times, however if someone does know please PM me . Thanks in advance.
January 26, 2008
Bakken and Torquay Formations - A Saudi Arabia of oil under Saskatchewan, North Dakota, South Dakota, Montana and Manitoba
The Bakken oil formation is possibly the largest conventional oil discovery in Canada since 1957. If this oil formation plays out toward the higher end of size and recoverability then it will change the geopolitics of oil and the economies of the United States and Canada. If a lot of the oil proves difficult to recover now, new technologies could still drastically improve the percent recoverable. The motivation to pull out another 100 billion barrels would be $9 trillion at todays prices. UPDATE:Here is my article on multi-stage fracturing (Stackfrac) horizontal drilling.
This thursday, April 10, 2008 the new US Geological survey will be released on the potential of the Bakken
Estimates are anywhere from a conservative 25 billion barrels of oil in place, to a high estimate by the United States Geological Survey of 400 billion barrels of oil in the Bakken formation. Not only is the oil plentiful, but it's high quality too, 41 degree light sweet crude. The Bakken formation is a formation of black shale, siltstone, and sandstone. The formation lies beneath the Mississippian formation, Saskatchewan's current source of light sweet crude. The Bakken formation is situated beneath southeastern Saskatchewan, southwestern Manitoba, and North Dakota.
In 2007, EOG Resources out of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota is anticipated to produce 700,000 barrels of oil.
The resources of the Bakken Formation are defined by the United States Geological Survey (USGS) as unconventional “continuous-type” oil resources. This means the hydrocarbons within the Bakken have not accumulated into discrete reservoirs of limited areal extent. With new horizontal drilling and completion technology taken into account, the technically recoverable resource base for the entire Bakken Formation is potentially much larger.
Isopach map of the Bakken formation in Saskatchewan, Canada (Map of the areal extent and thickness variation of a stratigraphic unit; used in geological exploration for oil and for underground structural analysis)
The Williston Basin covers approximately 300,000 square miles over parts of North Dakota, South Dakota, and Montana and parts of the adjacent Canadian provinces of Saskatchewan and Manitoba. The Bakken formation can be encountered throughout the Williston Basin.
Application of new drilling and completion technology has begun to unlock new potential in this legacy basin. There is speculation that the total resource in the play could be in the billions of barrels.
Hydrocarbon Potential of the Bakken and Torquay Formations,
Southeastern Saskatchewan by L.K. Kreis and A. Costa
Much of the oil reservoired within the Bakken shale likely resides in a network of enhanced porosity and permeability related to microfractures.
• Upper and Lower Bakken shales showing anomalously high resistivity values in southeastern Saskatchewan suggest that they are saturated with oil that has either been generated in place or has migrated into these locations.
• Basement structures, such as those associated with the Brockton-Froid lineament, and compactional features in regions of Middle Devonian salt dissolution may control fractures that serve as primary migration pathways for Bakken-sourced oils into possible plays in the Bakken and Torquay formations.
• The relatively low permeability of Bakken and Torquay reservoirs are likely best exploited through horizontal wells.
• A large untested and poorly evaluated rock volume remains in the Bakken and Torquay formations of southeastern Saskatchewan, within which there may be significant potential for finding new oil.
Porosities in the Bakken average about 5%, and permeabilities are very low, averaging 0.04 millidarcies—much lower than typical oil reservoirs. However, the presence of horizontal fractures makes the Bakken an excellent candidate for horizontal drilling techniques in which a well drills along the extent of the rock layer, rather than punching a hole vertically through it. In this way, many thousands of feet of oil reservoir rock can be penetrated in a unit that reaches a maximum thickness of only about 140 feet. Production is also enhanced by artificially fracturing the rock.
Oils with an API gravity of 40 to 45 have the highest market price and those with values outside this range sell for less. Above an API gravity of 45, the molecular chains become shorter and are less valuable to a refinery. Crude oil classified as light, medium or heavy, on the following basis:
Light crude oil has an API gravity of above 31.1 °.
Medium oil has an API gravity in the range 22.3 ° and 31.1 °.
Heavy oil has an API gravity less than 22.3.
FURTHER READING
In 1992, Energy and Mines estimated there was roughly 100 billion barrels of oil in the Bakken formation throughout the entire Williston Basin.
Dancsok, who co-authored the 1991 study, said the prevailing view in the geoscience community at the time was "the potential of the Bakken was immense, but the price of oil in 1991 was not such that people wanted to risk (exploration and development dollars)."
Dancsok estimated roughly 25 per cent of the Williston Basin, which covers some 200,000 square miles (518,000 square kilometres) is located in Saskatchewan. Based on that simple arithmetic, the estimate of Bakken oil in the province could range anywhere from 25 billion barrels to 100 billion barrels of oil in place.
Of course, geology isn't that simple.
"Whether the Bakken is evenly distributed throughout the basin is one question," Dancsok said. "It is deeper in North Dakota. But is the distribution of Bakken oil equal in Saskatchewan to North Dakota or Montana? That's a big question mark."
Research documents for purchase from the Saskatchewan government
North Dakotas Bakken Reserve estimates
New estimates of the amount of hydrocarbons generated by the Bakken were
presented by Meissner and Banks (2000) and by Flannery and Kraus (2006). The first of
these papers tested a newly developed computer model with existing Bakken data. Data
used was not as extensive as some of the other studies mentioned in this discussion
therefore estimates of generated oil presented were 32 BBbls. The second paper by
Flannery and Kraus used a more sophisticated computer program with extensive data
input supplied by the ND Geological Survey and Oil and Gas Division. Early numbers
generated from this information placed the value at 200 BBbls (pers. comm. Jack
Flannery, 2005). Estimates had been revised to 300 BBbls when the paper was presented
in 2006. Even if the lower value of 32 BBbls is correct, the amount that may be
potentially recovered from the Bakken is significant.
How much of the oil that has been generated is technically recoverable is still to
be determined. Price places the value as high as 50% recoverable reserves. A primary
recovery factor of 18% was recently presented by Headington Oil Company for their
Richland County, Montana wells. Values presented in ND Industrial Commission Oil
and Gas Hearings have ranged from 3 to 10%. The Bakken play in the North Dakota side
of the basin is still in the learning curve. North Dakota wells are still undergoing
adjustments and modifications to the drilling and completion practices used for this
formation. It is apparent that technology and the price of oil will dictate what is
potentially recoverable from this formation.
New cheap computer modeling could allow access to about 218 billion barrels of oil that is still in the ground in the USA in old wells and less economical fields.
Microwave oil recovery could make it cheaper to extract a lot more oil from oil shale (up to 800 billion barrels in the USA extractable) and from the oil sands. (Up to 2 trillion barrels in Canada's oilsands.
Al Fin also has a feature on the Toe to Heel Air Injection (THAI) technology for extracting oil from tar sands deposits.
A posting and msg board related to the EOG Resources well
EOG resources website
In the United States EOG’s total crude oil and condensate production increased 23 percent compared to the same quarter a year ago, driven by continued drilling success in North Dakota and the Mid Continent.
EOG announced 2008 total company production growth targets, ranging from 13 to 17 percent, depending on drilling economics and North American natural gas prices. Production growth in 2008 will be driven by United States operations, particularly the Fort Worth Basin Barnett Shale natural gas and the North Dakota Bakken crude oil plays, both very high rate of return programs
2007 EOG Resources SEC filings
In the United States, EOG's total crude oil and condensate production increased 23 percent compared to the same quarter a year ago, driven by continued drilling success in North Dakota and the Mid Continent.
In Mountrail County, North Dakota, EOG has reported successful drilling from the Bakken Formation. The Wenco #1-30H, in which EOG has a 52 percent working interest, was completed to sales at the end of September at an initial production rate of 1,930 barrels of oil per day (Bopd), gross. Also in Mountrail County, the Austin #1-02H was completed to sales in October at an initial production rate of 2,000 Bopd. EOG has a 100 percent working interest in the well, which is located nine miles north of existing production. This is the northernmost location that EOG has drilled to date. To further confirm the northern extension of the field, following completion of the Austin #1-02H, EOG drilled an offset well, the Austin #2-03H that will be completed in November. Based on shows during drilling, EOG expects the well to produce at a rate similar to that of the Austin #1-02H. EOG has an 81 percent working interest in the Austin #2-03H. In the North Dakota Bakken Play, where it has accumulated over 175,000 net acres, EOG plans to increase drilling activity from six to eight rigs in early 2008.
"The results from the two Austin wells have given us the confidence to increase estimated reserves in the Bakken Play from the previously announced 60 million barrels of oil to approximately 80 million barrels, net to EOG. By extending the perimeter of the field, we have also increased our inventory of firm drilling locations. Therefore, we expect this area to have a significant impact on EOG's oil production in 2008 and beyond. The Bakken is currently the highest rate of return play in our drilling program," said Mark G. Papa, Chairman and Chief Executive Officer
North Dakota Bakken
Zacher 1-24H - EOG has a 75 percent working interest in the Zacher 1-24H that was completed in June with a peak production rate of 1,774 barrels of oil per day (Bopd), gross.
Hoff 1-10H - EOG has a 75 percent working interest in the Hoff 1-10H, which began flowing to sales in June at a peak rate of 2,034 Bopd, gross.
N&D 1 - 05H - EOG holds a 67 percent working interest in the N&D 1-05H, which was completed in July at an initial peak production rate of 1,610 Bopd, gross.
Rocky Mountain Oil Journal: EOG Confirmed to Have Significant Producer North of Parshall Field
EOG Resources (EOG) has confirmed that its wildcat 10 miles north of Parshall Field is a large volume, horizontal Bakken producer. According to EOG’s 2007 Third Quarter results, the Austin #1-02H, a single-lateral test in the sw-se 2-154n-90w, Mountrail County, has been producing at an initial rate of 2,000 bopd. EOG has a 100 percent working interest in the #1-02H. Parshall Field is the largest Bakken oil pool discovered in North Dakota with a monthly production exceeding 200,000 bo. The company believes that this well is connected to Parshall Field, and if geological data supports this, Parshall Field could be a Class A oil field (100 mmbo +). Not only did EOG confirm the huge rates on the Austin #1-02H, the company also said that its first stepout to this well, the Austin #2-03H sw-se 3-154n-90w, will also produce at similar rates based on shows encountered during the drilling of this well. The #2-03H scales about one mile west of the of the 1-02H.
drillers added fracture technology to horizontal drilling. In fracture technology, mud is forced into the drilled hole under immense pressures to "frack" or break up the shale further. The deeper cracks allow more oil to flow to the pipe
FURTHER READING
How oil is used in the United States
Optimum home energy efficiency
Enhanced oil recovery and a view of possible sources for increased north american oil production, which does not yet count the Bakken oil
Bakken oil is currently about 100,000 barrels per day and seems to be heading to 250,000 barrels per day by the end of 2008. It could take 4-6 years to get a million or two million barrels per day. So it will take time to develop the fields and get the pipelines and other infrastructure. A continued build up of oilsand oil, the Gulf of Mexico oil and continued increase in biofuels. Shifting the US off of non-North American oil imports is still a big job even with the Bakken oil. However, it could be part of a substantial shift and allow more time for the development of more nuclear and other power sources and for more efficiency from thermoelectrics, ultracapacitor/battery hybrid and electric vehicles.
An informative 2006 a
If these guys do take a hike, and there is no 500/1 r/s and the shares that greg & jerry gave back belong to shareholders, would that not raise the pps????? Just thinking if that were the case maybe we would be better off.
After reading the last fifty posts there really isn't anything intelligent to comment on. It is all BS on the part of Jesseland and Anderson. Neither of you have said anything that makes any sense. If you two are getting paid to promote this stock ( which is really the only thing that does make sense) than great, promote away. Seeing the pps go up is the only way we will ever see any money in this stock. Let the news come out and we will see what happens, however you need not come on this board telling us about RGNO, we know what the facts are and no amount of lieing is going to change anything relateing to how RGNO cheated shareholders out of their investment. Current shareholders know too much about the management that we are dealing with and most will never trust again. So yes, promote away so we can dump this POS, BUT stop insulting our intelligence. New management will only gain shareholders respect when they come clean with what happened with RGNO, and I can assure you nobody here expects that will ever happen.
Jessieland saids this is going to be a great company, hit the ask. I just can't believe that someone would have to know something about them first. Look here, what would make anyone think that they would lie to us??? Forget about the past,it's history. Only good things ahead for AMGG. Come Monday I'm going to the bank and borrow some money to buy more of this stock. This is going to take off like a rocket. ( don't mind me I'm just practiceing to be a pumper) lol
You've got this all wrong, they want more of my money, so let them show me what they have to offer, enough with the games. They want us to believe that they had nothing to do with RGNO, OK . Start acting like a real company, keep your promises to investors, if your going to act like a scam company than you are going to be treated like a scam. This is only one massage board, we do not control the new company, they control their future. What are we suppose to do, start buying this new stock because they say they are such a great company, give me a break.
I believe everyone IS for giving AMGG a chance. Where is the pr that was suppose to come out?? We know nothing about nothing. If this company wants some respect from shareholders than they better get their ass in gear and start passing out some information. They are acting just like RGNO, and we all know they were a scam. So, the question is, are we dealing with another scam company or not?? Everything is in their ballpark, so shit or get off the pot.
Double bottom, must be going to start up now???
Pizza let us all know when this thing gets moving, we will all sell our AMGG and put it all on this great stock. Ha Ha
Pennyjunkie good DD, think we can now figure AMGG just another scam.
If Amgg is being run by the same type of people that ran RGNO I don't think I would add more money to AMGG at this time. I will take a wait and see attitude.
Pizza, I don't know where Jesseland came from, probably payed to pump AMGG, but it doesn't matter. Right now we need all the pumping we can get. Forget RGNO FOR NOW . Jesseland knows all about RGNO and everything thats happened in the past,why he saids he doesn't is because he doesn't want to discuss it for whatever reason.( not good for board) Lets move on for now and see what AMGG has to offer on Monday and take it from there. We will deal with RGNO later with the SEC or in court. Pizza you have more to lose than I, so for now go AMGG. GLTA
I repeat, because I have lost 98% of my investment I see NO reason to sell come Monday if stock trades.Hopeing for a good pr, the only way I can regain any of my losses is to hold all my shares.. IMO GLTA
If we start to trade on Monday I just hope there is a pr before the market opens, and that pr better be a good one.Investors on this board have been beat-up and kicked around so bad that only a very good pr will do any good. I am willing to give our new company a chance to show me that they are here to succeed, they need to be up front with everything they do. No more games, no lieing to shareholders. I have no doubt they would like all to sell and start over with new investers, but that's not going to happen. I have already lost most of my investment so it makes no sense to sell. I will talk no more about RGNO for now, GO AMGG
Boy, I am really sorry that Jerry was upset with shareholders because they made threats and filed complaints against him. POOR Jerry.