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HOUSTON, Feb 20, 2007 (PrimeNewswire via COMTEX) -- Stonebridge Resources Explorations Inc. (Pink Sheets:SBRX) is pleased to report the Company has recently re-worked three wells on the Rosell properties and one on the West Van Winkle leases. The re-completed wells located in Anderson County, Kansas, are each producing 35 bbls of oil per day.
Excited by these production rates, Stonebridge Resources Explorations intends to re-work more wells on the Anderson County properties. It is expected the targeted wells should mirror or exceed the production rates of the Rosell and Van Winkle oil producing wells.
Is there a chance that BIGN is giving the additional 400 million shares to RYPL as restricted shares in exchange for 4 million cash? That would be a penny a share. If they meet their targets those shares would be valuable.
ALRY should be in the double digits based on the Dark Treasures aquisition alone.
Good catch. I've only been in this for a couple of days and hadn't noticed that. It seems like they would have PR's it seperatly since it increases theri earnings quite a bit.
Look at the Jan. 24th PR, many here are hoping that this deal's closure will be PR'd soon.
Nice PR due, GLTA!
Thanks atout.
Also a buy on Scottrade. (green)
If my math is right the 80000 cf/d of gas in Dark Treasures will add about $5.5MM to their earnings. A big PR IMO.
Thanks for the info.
1.7 million in the last 10 minutes.
Only one order has gone through in 15 minutes.
Scottrade restricted to buy or modify: WWNG and SBRX.
O/T IHUB board about the restricted shares.
http://www.investorshub.com/boards/board.asp?board_id=6401
Scottrade also put WWNG on it's restricted list. I see you need more than one brokerage to trade pinkies. SRBX is on the list also.
Got onboard .049, GLTA.
Ice Cream
REVERSE MERGER: VENTURES-UNITED, INC., (OTCBB: VNUN 1.05 x 1.20) issued an 8K announcing they executed a Share Exchange Agreement by and among Tryant, LLC (referred to as the “Majority Shareholder”) and the Registrant on the one hand, and Avasoft, Inc., a California corporation (“Target” or “Avasoft”), and the shareholders of all of Target’s common stock on the other hand. Avasoft, Inc. was incorporated in the State of California in November 2005. Since inception, Avasoft has focused primarily on developing its cartridge technology, entering into strategic partnerships to produce its ice cream system and building its sales and distribution infrastructure. Avasoft began generating revenue in January 2006. Avasoft sells soft serve ice cream in a unique and groundbreaking way. They own perpetual marketing rights in North America to an innovative system of ice cream delivery that has earned widespread success in several European markets. This delivery system is comprised of two parts -- a portable metal dispenser machine and a plastic, single-use cartridge containing ice cream. The dispenser plunges the ice cream through the cartridge into a cone or other serving container. The result is ice cream with the same look, taste and texture of soft serve ice cream produced by traditional, specialized soft serve machines. However, unlike conventional machines, which are large, expensive to purchase and operate, and require special cleaning procedures to minimize health risks, their system is easily portable, inexpensive and completely sanitary. As a result of these and other factors, they believe the Avasoft system will enable thousands of food service operators to enter or expand their presence in the soft serve sector of the $20 billion U.S. frozen dessert market, where previously it had not been practical or economical to do so.
Alerts on Profiled Shells Stocks are not intended as an indicator to purchase/sell the stock. They are intended to inform users that a Shell Stock has issued a public announcement of an attempted/completed reverse merger.
Well Renewal Releases Results of Reserve Study in Northeastern Oklahoma
TULSA, Okla., Feb 13, 2007 (PrimeNewswire via COMTEX) -- Well Renewal, Inc.
(Pink Sheets:WRNW) has released the results of an oil reserve study that was commissioned on a 320-acre lease that the company currently owns and operates in Rogers County in northeast Oklahoma. Drilling records indicate that 119 wells were drilled on the 320-acre lease between 1917 and 1979. Production from the
leases reached maximum levels of 9,000 barrels of oil per month during the 1970s. The wells were temporarily abandoned during the oil price collapse of the mid-1980s and the lease was abandoned by the operator. The Bartlesville sand was the primary producing horizon of the wells on the 320-acre lease.
Initial production rates from the 119 wells drilled on the 320-acre lease ranged from 5 to 60 barrels of oil per day. The reserve report estimated that only a small percentage of the original oil in place under the lease had been produced.
Estimates of remaining recoverable oil reserves range from a low of 600,000 barrels of oil to a high of 1,200,000 barrels of oil if complete secondary and tertiary oil recovery projects are implemented. Utilizing the current $60 price of a barrel of oil yields a recoverable gross oil reserve value of $36-72
million.
Well Renewal expects production to be re-established in the wells contained on the 320-acre lease after an extensive workover program currently planned for the lease during the second quarter of 2007. Well Renewal will utilize the services of Pro-Formance Oil Field Services, LLC, a wholly owned subsidiary of Well
Renewal. Pro-Formance will supply a workover rig to re-enter all of the wells located on the lease package to restore the wells to a producing status.
Will Gray, CEO of Well Renewal, stated, "This 320-acre lease has produced significant quantities of oil in the past and would still be producing today except for the collapse of oil prices during the mid 1980s which caused numerous
wells in our operating region to be abandoned. In addition to the wells to be re-entered and production re-established, our geological and engineering staff has identified 20 additional drilling locations on this lease. We anticipate including these new locations in our 2007/2008 drilling and completion budget.
We anticipate production levels in excess of 3,000 barrels of oil per month from this lease later this year. Successful completion of the drilling and production of these new wells will add greater than $2,000,000 to the revenues and cash flows for Well Renewal during 2007."
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, oil field services and petrochemical distribution.
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
I haven't.
The East Texas LOI seems to grow less important as time goes on.
We still have another LOI in Lousianna with the high quality oil and 27 wells which are producing $3.3MM/year, and now a possible nice gas well in Ontario. If BIGN still owns 37.5% of Tyche and Tyche gets the flowrate they are hoping for in Ontario, the BIGN cut would be $4.4MM/year. The original Lousianna East Texas LOI was worth about $1.8MM. We don't know what to expect from Oklahoma.
If nothing else, BIGN no longer has it eggs in one basket.
Maybe another sign of a PR from WWNG, we could really use a prodcution report from Oklahoma. Keeping my fingers crossed.
The PPS is Up Ticking.
UTing on small volume.
It's interesting that BIGN still owns 37.5% of Tyche, I guess the dividends came out of Tyche's holdings.
Done, thanks.
Penn,
The guy/gal makes the same complaint several time a day, I haven't seen a more incessant whiner on ihub. Nothing new, just the same whining everyday.
Any chance that the HSC deal was necessary in order for the LOI to close?
Thanks for the insight, lots of stuff going on behind the scenes.
Good point, I wasn't aware that Tyche had it's own equiptment, unless their contracting it.
Someone posted here a few weeks back that Tyche would work with HSC to try to market the technology, it looks like this was good info.
Another thing thats good,
"Tyche Energy will implement its own equipment and act as an independent operator of the technology while drawing on Hydroslotter technologists and experts as needed."
We will not be restricted to one set of operators and equiptment, and can hydroslot multiple wells at multiple sites, if I read this correctly.
When I went to the Bull in Advantage website on the front page in bold it says "Our picks are selected independently by our staff, and in most instances we do not recieve compensation from the companies featured." BIGN may not be paying for this.
Round 2?
70% Frat, maybe insider buying?
Maybe a PR today or tomorrow? It would be nice to see news from OK. About 1 million traded in the first hour.
I'm geting about $3.4MM/year to BIGN.
5000 * 7 * 350 * 0.275 = $3,368,750
With 2 billion in reserves I guess we'll see multiple wells on this lease, right?
Right click on the trade ideas window and you'll get history. Having Scottrade Elite doesn't get you access to the website though.
When I try your URL I get this .....
Warning: This is the limited version of the alerts server software. Click here for more information.
Another 100 at $8, I didn't expect to see this come back but like DF said, this is a strange move by the company. Fingers crossed here.
GLTA
Bounce...?
UTing on small volume $8.