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Santa Rosa Resources, Inc.
Sponsors
The Monterey Shale No.1 Joint Venture
Offering Summary
Total Offering: $35,000,000 USD
Unit Cost: $175,000 USD
Total Number of Wells: 10
Total Number of Units: 200
Working Interest Per Unit: 0.375% Per Well
Net Revenue Interest Per Unit: 0.31125% Per Well
3.75% Working Interest Aggregate
3.1125% Net Revenue Interest Aggregate
Santa Rosa Resources, Inc. has acquired the rights to drill on approximately 1,141 acres on The Kreyenhagen Trend located in Kings County and Fresno County, California. The Joint Venture will drill a maximum of ten wells. Five deviated directional wells will be drilled into the Tremblor Sandstone Formation to a maximum depth of 1,500 feet. Five wells will be drilled to a depth sufficient to test the Kreyenhagen Sandstone (3,000 feet,) Avenal Sandstone (8,200 feet) and the Monterey Shale (9,500 feet) formations.
hope it is a gem
well i gooogled a company that was producing 2400 bbl per day and pps was 0.020
5.00 a share
Big News $200,000 - $300,000 per day once all 10 wells are producing and that is at $100 ppb, the one year forecast is expected to go to $121 ppb. That will pay off a lot of bills and quick. Have a great day.
Santa Rosa Resources, Inc.
Sponsors
The Monterey Shale No.1 Joint Venture
Offering Summary
Total Offering: $35,000,000 USD
Unit Cost: $175,000 USD
Total Number of Wells: 10
Total Number of Units: 200
Working Interest Per Unit: 0.375% Per Well
Net Revenue Interest Per Unit: 0.31125% Per Well
3.75% Working Interest Aggregate
3.1125% Net Revenue Interest Aggregate
Santa Rosa Resources, Inc. has acquired the rights to drill on approximately 1,141 acres on The Kreyenhagen Trend located in Kings County and Fresno County, California. The Joint Venture will drill a maximum of ten wells. Five deviated directional wells will be drilled into the Tremblor Sandstone Formation to a maximum depth of 1,500 feet. Five wells will be drilled to a depth sufficient to test the Kreyenhagen Sandstone (3,000 feet,) Avenal Sandstone (8,200 feet) and the Monterey Shale (9,500 feet) formations.
Grid Petroleum Corp Enters Into Strategic Funding Agreement
Jun 30, 2014 (eTeligis.com via COMTEX) -- DENVER, CO, United States, via eTeligis Inc., 06/30/2014 - - 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.
NEWS: Grid Petroleum Corp Enters Into Strategic Funding Agreement
http://www.otcmarkets.com/news/otc-market-headline?id=16255951
Jun 30, 2014 (eTeligis.com via COMTEX) -- DENVER, CO, United States, via eTeligis Inc., 06/30/2014 - - 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.
on grpr sign in page you use to read and post says that they have 84 per cent in 1100 acres
Grid Petroleum Corp Finalizes Asset Exchange of Kreyenhagen Ranch Interests.
DENVER, CO, Dec 12, 2013 (eTeligis.com via COMTEX) Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors are pleased to announce that Grid Petroleum has entered into an agreement with its joint venture partner Solimar Energy Limited for the exchange of working interests in certain jointly held Kreyenhagen Ranch Prospects.
The company previously held a 16% interest of several leases jointly with Solimar Energy Limited comprising approximately 5000 acres. The exchange allows for Grid Petroleum to increase its interest in certain leases to% 84 of approximately 1100 acres in the Kreyenhagen Trend with Operatorship, while releasing the company's 16% interest in certain other leases in the Kreyenhagen ranch.
"This is a significant step forward for the company's development of its California holdings" states company President James Powell. "The company is now in a position to move forward without any further delays due to our joint venture partner's development schedules."
The company is previously announced that it has achieved its Operators Number for the State of California. Operator Number G3570
The company plans to immediately begin the mapping planning and drill site selection process for the development of these leaseholds upon completion of the transfer of interests has been recorded. The company will be the Operator of these lease holdings.
Upon completion of the planning process the company will then be making Drilling Permit applications for its first development well.
Revealing Keith Kohl's “Petroplex” Stock | Stock Gumshoe
www.stockgumshoe.com/.../oil.../revealing-keith-kohls-petroplex... - Similar to Revealing Keith Kohl's “Petroplex” Stock | Stock Gumshoe
Jan 7, 2014 ... And, of course, they're not going to be hurting if they can get 3,000 people to ... the region [Petroplex] is producing more oil than the pipelines can handle… ... “ Their wells are pumping out 2,350 barrels of Petroplex oil per day. ... about $100 million over the last four quarters, and the share price is under $8 ...
well im sorry
what is the ususal pps with companies producing 3000 barrels per day range from
news
Grid Petroleum Corp Enters Into Strategic Funding Agreement
Date : 06/30/2014 @ 9:20AM
Source : Marketwired
Stock : Grid Petroleum Corp. (PC) (GRPR)
Quote : 0.0001 0.0 (0.00%) @ 4:30PM
Grid Petroleum Corp Enters Into Strategic Funding Agreement
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Grid Petroleum Corp Enters Into Strategic Funding Agreement
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."
[color=red][color=red][/color][/color]
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.
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
Contact:
Grid Petroleum Corp
www.gridpetroleum.com
720 590 4730
grpr ranked 7 on breakout board
grpr email from ir update tommorrow monday 30 june 2014 first one in many months
grpr update coming tommorrow monday 30 june 2014
is there rumors of and oil find grpr
is there rumors they sruck or found oil
thanks
what price would it become if it became a 10 bagger or a 100 bagger
I sent my first email to them it says
do you have a timline because of pending negotiations, of when you would release news
sincerely john
penny stock alert grpr http://www.grassrootsrd.com/Stats.aspx?symbol=GRPR
insider trading means they have good information to that will make it go up right
everbody will be suprised
john6x Sunday, 12/08/13 11:55:10 AM
Re: None
Post # of 30185
Grid Petroleum Receive SISM Independent Research Report – 18-24 Month Price Target $2.20, High Case of $9.69
Apr. 28, 2010 (Business Wire) — Grid Petroleum Corp. (OTCBB:GRPR) is pleased to announce the initiation of research coverage by leading independent research company, SISM Research and Investment Services of Zurich, Switzerland, which concludes with an 18-24 month target price of $2.20. The report goes on to detail an upside price of $9.69.
The report, (which is available here http://www.sism.com/researchreportsgrid.htm), evaluates Grid Petroleum’s potential by assessing the company’s position in the oil and gas exploration industry, relating to a global overview of oil and gas expectations. The report includes evaluations on the company’s Jonah assets, and reviews the recent equity financing agreement, which provides the resources to fully undertake its exploration program.
Some highlights of SISM’s Research Report on Grid Petroleum are as follows:
Grid Petroleum has completed the acquisition of assets in the prolific Jonah Field region, and the Company is now in the position to commence its exploration and development work.
We [SISM] like Grid Petroleum’s Jonah Field Prospect. The 3,744-acre acquisition is a world-class, low risk, natural gas development area.
Natural gas has an important and expanding role to play in the future energy supply for North America.
Recognizing that North American natural gas is now likely to be both more abundant and more affordable, there is an opportunity for natural gas to displace even more coal and imported oil and for it to become a much larger source of energy for power generation and transportation.
A secure, affordable domestic energy supply is only one case for expanded natural gas use. It is also the cleanest burning fuel, emitting up to 25% less carbon dioxide than gasoline or diesel and 50% cleaner than coal when used for power generation. Burning natural gas emits virtually no sulphur dioxide, addressing both energy security and growing environmental
The report continues:
We are initiating coverage of Grid Petroleum with a SPECULATIVE BUY/4 rating, and an 18 – 24 month target price of $2.20, which is supported by our total Company risk-adjusted Appraised Net Worth. The unrisked potential of Jonah Field play is between $2.79/share base case and approx. $9.69/share high case. Very positively, the Company has the funds in place to start its exploration and development work.
As the Company proves up its emerging play, we expect the valuation to begin to expand.
In reaching the 18-24 month target price, SISM Research explains:
As with any company that possesses a significant exploration component that is in an early development stage, we believe the only way to accurately value Grid Petroleum shares is by a heavily risk-adjusted Appraised Net Worth analysis.
They continue:
Several assumptions were made in order to calculate our fully diluted risked-adjusted ANW of $2.18. (See our calculation next page). The proven ANW was calculated at $0.01/share, while the ANW for unproved reserves was computed at $2.17/share fully diluted. The SE Jonah Field Prospect was evaluated with an 80% chance of success in reaching its unproved reserve potential, and the West Jonah Prospect with a 70% chance of success. Thus, the $2.18 ANW is based on our proved ANW of $0.01 per share, plus the sum of the unbooked resource values at $2.17. Based on where Grid Petroleum is currently trading, we believe that only a portion of the upside potential is currently being priced into GRPR shares.
Paul Watts, CEO of Grid Petroleum, said: “We are delighted to have SISM initiate its research coverage of Grid petroleum Corp. As a leading Research and Investment Analysis company, this report highlights Grid Petroleum’s value, establishing a 18-24 month target price of $2.20. It further recognizes the company’s financial position in moving forward with its exploration program”.
About Grid Petroleum
Grid Petroleum Corp (NASD OTC BB: GRPR) is a London, UK based Independent Oil and Gas Exploration and Development Company, with an operational office in Denver Colorado. Grid has recently secured assets in Wyoming, neighboring the prolific Jonah Gas Field. For more information, please visit www.gridpetroleum.com.
Legal Notice Regarding Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the US Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Source: Business Wire (April 28, 2010 – 9:02 AM EDT)
people sould be buy after christmas when the get money
Is Grid Petroleum Corp. (OTCQB: GRPR) Any Closer to Generating Revenue from Oil and Gas Properties?
Posted on August 22, 2013 by Editor
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News announcing that Grid Petroleum Corp. (OTCQB: GRPR) had entered into negotiations with the leaseholders of approximately two thousand acres of land in Duval County, Texas for the purpose of oil and gas development sent the share price of the development stage company focused on the acquisition and development of low cost high reward oil and gas prospects to a high of 0.0015 earlier today, attracting plenty of investor attention with trading volume already surpassing the 131 million mark by early afternoon. Today’s high is more than twice the level at which GRPR was trading last Friday when they hit a low of 0.0007 but it remains nearly two-times lower than the high of 0.0029 from August 1, 2013.
As for the land in Duval County, Texas, GRPR stated in their press release today that they anticipated they would have the lease acreage under contract within the next thirty days with plans “to immediately begin the mapping, planning, and drill site selection process for the development of the leasehold;” GRPR noted that they would be the Operator of this acreage.
How exactly GRPR intends to operate this acreage is unclear considering the company isn’t exactly on flush with finances at the moment. In their most recent quarterly filing for the period ended June 30, 2013 they reported having no cash, along with the absence of money, GRPR once again reported no revenues, something that has eluded them since their March 31, 2009 inception. To paint the financial problems of GRPR a little clearer during the three month period ended June 30, 2013 Tim DeHerrera, Chairman of the Board, advanced the Company $233 to cover operating expenses
Despite no money coming in to the company GRPR appears to have no problem spending it on the oil and gas properties that they list as assets. For the most recent three month period they reported exploration costs in the amount of $663,967, pushing their total since inception to more than $5.4 million. This would likely be considered a major contributing factor to why they are sitting on an accumulated deficit in excess of $8.0 million.
As many investors know, holding lease acreage only provides a company with an opportunity to develop the land, it doesn’t mean that they will. GRPR exited the development stage and entered the exploration stage back on March 31, 2010 after acquiring oil and gas properties in Wyoming. Since acquiring those properties GRPR has decided not to develop the projects.
This scenario isn’t unique to GRPR and certainly many of the big oil and gas developers acquire properties only to eventually decide development is not the right path but for smaller oil and gas companies it’s more difficult to sweep under the rug, especially when they build those acquisitions up as a potential revenue generator when they announce the acquisition.
For shareholders of GRPR this could cause some consternation about the company’s dealings in California. Earlier this month GRPR announced that they had initiated the application process to achieve Oil and Gas Operator Status with the State of California and that “Upon achieving Operator status in the State of California, the Company will be immediately moving to establish with its current joint venture partners, the necessary changes to allow the company to begin the development of the Kreyenhagen Trend acreage.”
As it stands GRPR is moving right around the 0.0014 mark which is considerably better than their 50-day moving average of 0.0008 and even with their 200-day moving average. For the company to attract investors who believe in the company as a long-term play they will need to do more than acquire properties or hold working interests in developments, they will need to start producing revenues and at the moment this appears to be in the development stage
Grid Petroleum (GRPR) Hoping To Strike Oil On New Land
Penny Stock Grid Petroleum Corp. (OTC: GRPR.OB) announced the finalization of negotiations for the acquisition of a private holding company, with oil and gas interests in a 5000-acre tract of land in central Texas.
The underlying oil and gas interests have been estimated to contain reserves of over 20,000,000 barrels of Oil and 15 Billion cubic feet of natural gas. Onsite oil production mitigates exploration risk and provides for in-field drilling opportunities from multiple pay zones.
GRPR previously announced that its joint venture partner Solimar Energy Limited has engaged two geophysicists to initiate a geological study of the Kreyenhagen Trend lease acreage. The study is still in process and the results of the study are pending its completion, which is anticipated in late February.
Grid Petroleum and Solimar Energy Ltd have planned several stages, the first of which is the geological study, towards a comprehensive drill site selection process of the Kreyenhagen trend leases to determine potential drill sites. The development targets are significant oil shale formations identified as the Upper Temblor and the under explored Miocene Monterey.
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.
http://www.aimhighprofits.com/grid-petroleum-grpr-hoping-to-strike-oil-on-new-land
Grid Petroleum Receive SISM Independent Research Report – 18-24 Month Price Target $2.20, High Case of $9.69
Apr. 28, 2010 (Business Wire) — Grid Petroleum Corp. (OTCBB:GRPR) is pleased to announce the initiation of research coverage by leading independent research company, SISM Research and Investment Services of Zurich, Switzerland, which concludes with an 18-24 month target price of $2.20. The report goes on to detail an upside price of $9.69.
The report, (which is available here http://www.sism.com/researchreportsgrid.htm), evaluates Grid Petroleum’s potential by assessing the company’s position in the oil and gas exploration industry, relating to a global overview of oil and gas expectations. The report includes evaluations on the company’s Jonah assets, and reviews the recent equity financing agreement, which provides the resources to fully undertake its exploration program.
Some highlights of SISM’s Research Report on Grid Petroleum are as follows:
Grid Petroleum has completed the acquisition of assets in the prolific Jonah Field region, and the Company is now in the position to commence its exploration and development work.
We [SISM] like Grid Petroleum’s Jonah Field Prospect. The 3,744-acre acquisition is a world-class, low risk, natural gas development area.
Natural gas has an important and expanding role to play in the future energy supply for North America.
Recognizing that North American natural gas is now likely to be both more abundant and more affordable, there is an opportunity for natural gas to displace even more coal and imported oil and for it to become a much larger source of energy for power generation and transportation.
A secure, affordable domestic energy supply is only one case for expanded natural gas use. It is also the cleanest burning fuel, emitting up to 25% less carbon dioxide than gasoline or diesel and 50% cleaner than coal when used for power generation. Burning natural gas emits virtually no sulphur dioxide, addressing both energy security and growing environmental
The report continues:
We are initiating coverage of Grid Petroleum with a SPECULATIVE BUY/4 rating, and an 18 – 24 month target price of $2.20, which is supported by our total Company risk-adjusted Appraised Net Worth. The unrisked potential of Jonah Field play is between $2.79/share base case and approx. $9.69/share high case. Very positively, the Company has the funds in place to start its exploration and development work.
As the Company proves up its emerging play, we expect the valuation to begin to expand.
In reaching the 18-24 month target price, SISM Research explains:
As with any company that possesses a significant exploration component that is in an early development stage, we believe the only way to accurately value Grid Petroleum shares is by a heavily risk-adjusted Appraised Net Worth analysis.
They continue:
Several assumptions were made in order to calculate our fully diluted risked-adjusted ANW of $2.18. (See our calculation next page). The proven ANW was calculated at $0.01/share, while the ANW for unproved reserves was computed at $2.17/share fully diluted. The SE Jonah Field Prospect was evaluated with an 80% chance of success in reaching its unproved reserve potential, and the West Jonah Prospect with a 70% chance of success. Thus, the $2.18 ANW is based on our proved ANW of $0.01 per share, plus the sum of the unbooked resource values at $2.17. Based on where Grid Petroleum is currently trading, we believe that only a portion of the upside potential is currently being priced into GRPR shares.
Paul Watts, CEO of Grid Petroleum, said: “We are delighted to have SISM initiate its research coverage of Grid petroleum Corp. As a leading Research and Investment Analysis company, this report highlights Grid Petroleum’s value, establishing a 18-24 month target price of $2.20. It further recognizes the company’s financial position in moving forward with its exploration program”.
About Grid Petroleum
Grid Petroleum Corp (NASD OTC BB: GRPR) is a London, UK based Independent Oil and Gas Exploration and Development Company, with an operational office in Denver Colorado. Grid has recently secured assets in Wyoming, neighboring the prolific Jonah Gas Field. For more information, please visit www.gridpetroleum.com.
Legal Notice Regarding Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the US Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Source: Business Wire (April 28, 2010 – 9:02 AM EDT)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94761793
i got it thanks
ok thanks
i have that what do you add to come up to get 30 million 0.0005s left