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ROFL. Tejones has been working the wells for years for whatever they can get out of these "stripper" or "marginal" wells. They have reached the "economic limit". Anyone can just do some DD and dispel ridiculous statements of BNPD hype that have been consistently wrong about these well leases and ticker.
Like I said, anyone should just do some minimal REAL DD on what "working interest" of oil leases are, what "stripper" or "marginal" oil wells are, "economic limit", and the fact the "cleaning" process fluffed by BNPD pr's is general maintenance. The wells have been tested by the State of Texas and their capabilities are already known.
The wells are only producing intermittently due to they are only stripper wells that can only produce a few barrels a day on a average at best with all the wells together. Why, because that is what stripper or marginal wells are.
Pink bs and Gouger paying himself and son, thats what these so called leases are all about.
If there was any real oil profit, it wouldn't be needing a penny a share from some toxic shell that can't even get the ticker changed or a real business entity in the State of Texas.
Like I stated, if one isn't just trying to trade this thing, do some DD on what an oil well is, the records of these leases, production, "working interest", economic limit, etc. That will tell anyone all they need to know on the bs of BNPD.
Try to confirm any of the hype of BNPD and it's bulls, good luck with that.
BNPD well leases are low or no producing wells. Why the only profit is in shares of a junk pink.
Looking hard to even get a decent trade out of it, maybe bird crud BNPD hype can get another lower high out of it. Volume was really exiting here with the so called news. LOL
There's always the operating expenses that go to Tejones (Gouger and son) that get paid by shareholders. Gouger gets the cake and eats it too, shares and the operating expenses. Oh boy. Par for the course in the pinky world.
Any investors need to look up "working interest". It is also used to calculate out "economic limit" of the oil wells. That is what BNPD has, that is all. Operating expenses are being paid to Tejones (Gouger and son) from BNPD shareholders. Gouger and son paying themselves. BNPD has percentage in "working interest" of stripper wells that Tejones has been operating for years and they are not anything to have any profit to speak of.
Maybe at least BNPD can come current with the state of Texas to at least do business in. Oh oh, now the ridiculous statements of "well BNPD is current in Nevada where they don't do any oil business" is coming. LOL
Still nothing with otcbb on any ticker change either.
Just bs PR's on oil production that isn't there.
So how much oil are they producing with the so called leases and what can be the profit margin of the wells that they have been doing for years? What is "working interest"? They don't have profitable well leases, and that is even if the oil is $100 a barrel. Anyone can do just minimal DD on BNPD leases and what "economic limit" is and what "stripper" or "marginal" wells are.
Why they are a pinky BS and just trying to transfer the costs of their Tejones Operating expenses to the shareholders of this pink shell. And they are having problems doing that.
BNPD IS A JOKE.
Their last LOI was just transferring the lease from themselves (Tejones Operating Corp, Gouger and Son) to themselves BNPD and it wasn't any profitable oil lease (see Ibox for confirmation with lack of production of oil with the state of Texas). Wonder what this LOI isn't going to produce. LOL Looking to gouger more shareholders I guess. LOL More "working interest" I presume. Their "recent acquisitions" are old "stripper wells" they have been on for years which have been very low on no production wells. What a joke.
At least they're not promising the ticker change in "days" again. In fact, no mention of it at all. LOL
That, and add some of this
http://www.otcmarkets.com/otc-pink/home
with a dash of
http://www.delaware.gov/ or http://nvsos.gov/
and a good sales team
And riches will be yours.
I gave links to the data. It was talking about only the ASM sector, not any medium or large scale mining. Updated data should always be looked for for pricing and mining production is always changing, but "small-scale" (or ASM) was being discussed.
It was only to help point out that any REAL DD on CRWV's claims can be "quickly dispelled" and only BS and to point to some interesting information on what ASM is and what it entails in the Latin America Countries.
But I'm sure if you take Africa and Mexico correlations even with LSM (large scale mining) one will be able to see through the BS of CRWV.
But then again, CRWV isn't a real company, just a pink P&D, so putting attention to the subject of production rates in different countries is for interest and gaining knowledge only.
"Selling" will not stop until trip zeros and NO BID. As dollar volume continues to generally decline there will be less "buying" and less and less pps. Not to say that it can't go up and down a bit, but trading profitably will be limited more and more. It was expressed that the "stop" or "base" would be in the 7s, then 5s, 4s, 3s, now 2s.
Some examples and quotes from the bulls.
Quote:
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In Africa alone it is estimated that gold and gemstones worth $1 billion a year are produced by the ASM sector.
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Judging from your posts here, DD and Support Board, and other places, your knowledge on these things are probably better than most. But where I went was to the money and IFC (International Finance Corp, division of the World Bank) for connection to what ASM (artisanal and small-scale mining) is. Specifically the Latin American countries such as Mexico.
Interesting if one likes actually doing real DD and research and not just going on pink fluff company PR's (which are ALWAYS bs) and dreams of riches from P&Ds. Some of what I found is
They have no profitable oil wells. The oil wells that they have been doing are only stripper wells at the bottom of the reserve. The information is in the I-box and at the State of Texas for all the records of the oil wells that they have been doing for years. There's no real profit except for shareholders allowing Gouger to pay himself and son to maintain them if that.
Just a little DD into what an oil well is and what it takes to maintain them can confirm those things. Especially a little DD in the stripper wells and the lease that this pinky is trying to insinuate that are more than just stripper wells that have reached their economic limit and aren't going to do anything else but less than a few barrels a day on the average with overhead costs reaching what profit is produced.
That's why the pinky shell, to have stock holders let Gouger pay himself and his son, family, etc to stay there. All the records are there and Gouger and BNPD has omitted stating some of the most important facts about the production or any profit calculations of these wells. If there was any real profit in the oil wells that Gouger and son have been doing for years, they sure wouldn't need a pinky shell to work them.
No real disclosure, no transparency, just BS hype and fluffy PR's.
It's all just a line or story and it was just a hype that needs to be hyped again for any real trading in the stock, but as usual for a pinky shell transfer, it's just garbage for investment.
Gouger hasn't even been able to get the shell transfer completed or the ticker changed due to so many problems with the shell. Big red flag. I suppose that he eventually could, but a ticker change is not worth even close to all the hype about it that has taken place. It should have been just normal business and the fact that it hasn't been states a lot about the shell.
Counting followers of the BNPD board and trying to correlate to any rising pps is a flawed investment or trading strategy to say the least. Many pinks out there with twice or three times as many board followers and are at the NO BID level with many peeps bag "holding" and "waiting". Low volume = lack of liquidity with BNPD getting generally lower pps and tells the same pinky story. BNPD -- no interest, no oil, no ticker change - just past hyped up BS pinky left overs.
Police Foil 14 Year Old’s Illegal Lemonade Stand- Public Can Rest Easy
MIDWAY, Ga. – Police shut down a lemonade stand operated by three girls saving up for a water park trip. The 14 year old girl in charge ran the illegal stand without proper permits or business licenses. In “Operation Big Squeeze”, SWAT surrounded the children with expert precision, effectively cutting off the girls’ suppliers. Lemonade trafficking is a serious crime, and those who deal this devilishly addictive substance will be brought to justice. Boys in Blue, we salute you!
http://www.theburningplatform.com/?p=18739
I would suggest that you do some more research on what I was pointing out and you will find that where I directed to is the place that counts. I wasn't talking about any UNAUDITED financials that Gouger made up without even an attorney letter to back them up, let alone any auditing.
I would also suggest to check out the IBox and do some research on the phony PR's with the wells also. Quite a few discrepencies with the state records and Gougers (or lack there of of Gougers proper records) or BNPD's BS also.
But just norm for a pink shell and the ones who deal in them.
Yes it is pretty strong -- strong downtrend last week and half -- down more than 20%. Funny, we have two crooks and bs'ers (Pawson and Gouger) going at it and the SEC or FINRA are not amused. Neither one of those guys have been anything good for any stock that they have been associated with and BNPD PR's have been nothing but unsubstantiated BS.
Not only the ticker change hype BS, if anyone did just an ounce of DD on the supposed wells and "working interest" lease that just was sold from themselves (Gouger and son) to themselves (BNPD), it would expose their pinky arses for what they are. Facts are that these wells are just dying "stripper wells" or "marginal wells" that can only produce a few barrels a day at best on a very intermittent basis and the baseless claims of the amount of oil that could or are being produced from the wells is total BS and a scam.
The process of cleaning that they describe in the PR's are only basic maintenance and constant requirement of these stripper wells and the cost to produce the minimal oil production has problems with exceeding the "economic limit" (see http://en.wikipedia.org/wiki/Oil_well) and the EROEI has become unprofitable for any real oil company (why the pinky shell attempt so that shareholders can pay Gouger and son to sit there on the depleted reserves).
Facts, figures, and links are provided in the Ibox in which anyone can do just a little DD for confirmation of these things, but the main thing is that all the hype is gone and the stock just sits here with no momo and the problems of the shell transfer are just soaking in their own spit to fester even worse.
Sounds like all part of a diabolical plan to me. More fools gold.
I found another pump and dump for the legal council for CRWV, Alan M. Rothman.
Now it includes the P&D's of
RBDC (RBID.com inc) (NO-BID Stop Sign pink)
Same address 895 Dove Street
Suite 300 Newport Beach, CA 92660
Mr. Rothman CEO and President
http://www.otcmarkets.com/stock/RBDC/company-info
NLIR (National Investment Corp Real Estate Holdings)
(NO-BID grey sheet pinky)
With Mr. Rothman's address
http://www.otcmarkets.com/stock/NLIR/company-info
Now appointed Secretary and Director Jan 24th, 2011 to
GACR (Green Automotive Company Corporation)
Compensation being stated as "currently under negotiation"
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=50190
GACR just did a pump about two months ago where the pps went from a low of $.30 to a high of $1.89 and has been doing the afterpump dance since.
Even though GACR is a little higher on the tier compared to the NO-BID and Grey pinks, its still has a cast of dubious characters in the company line-up and is in financial need.
Not saying any connection, but it does show the MO and possible connections of different characters.
CRWV
Yet another NO BID flunky pink for Alan Rothman, legal council for CRWV
Listed as president and CEO for this one. Same address, but different phone. Old number and hasn't done much for awhile, pump and dump about 10 years back.
RBDC (RBID.com, Inc.)
http://www.otcmarkets.com/stock/RBDC/company-info
LOL Is that what one calls job security. Funny that the guy can pass the Bar Exam, but when it comes to the Professional Responsibility Exam, he has a hard time and fails the thing. That states a lot in my book.
Well they have a stellar legal council. LOL At least he's active since 1997, but it was a rough go I guess. Found his home with pinky scams.
CRWV
ITEM XV. OUTSIDE PROVIDERS
1. INVESTMENT BANKER - None Retained
2. PROMOTORS – None Retained
3. COUNSEL – Alan M. Rothman ESQ. 895 Dove Street, Suite 300 Newport BeachCA 92660
4. ACCOUNTANT - No External Audits Or Reviews Completed. Financials are
prepared by. management
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=56726
Alan Rothman - #90056
Current Status: Active
This member is active and may practice law in California.
See below for more details.
Profile Information
The following information is from the official records of The State Bar of California.
Bar Number:90056
Address: 895 Dove St Ste 300
Newport Beach, CA 92660
Map it
Phone Number:(626) 864-4060
Fax Number: (888) 841-8464
e-mail:Not Available
County:Orange
Undergraduate School: Long Island Univ; Long Island NY
District: District 8
Sections: None
Law School:Southwestern Univ SOL; Los Angeles CA
Status History
Effective Date
Status Change
Present
Active 8/17/2007
Active 2/15/1994
Not Eligible To Practice Law 11/29/1979
Admitted to The State Bar of California
Explanation of member status
Actions Affecting Eligibility to Practice Law
Effective Date
Description
Case Number
Resulting Status
Disciplinary and Related Actions
8/7/1995 Suspended, failed to pass Prof.Resp.Exam 92-P-20685
Not Eligible To Practice Law
2/28/1995 Ordered inactive
Not Eligible To Practice Law
7/10/1994 Discipline w/actual suspension 92-P-20685
Not Eligible To Practice Law
2/15/1994 Ordered inactive 92-P-20685
Not Eligible To Practice Law
10/10/1992 Discipline, probation; no actual susp. 89-O-15649
http://members.calbar.ca.gov/fal/Member/Detail/90056
But like I stated, he found a home in the pinks.
NLIR (National Investment Corp Real Estate Holdings)
A NO-BID grey sheet pinky with a interesting simularity.
Contact Info for NLIR
895 Dove Street
Suite 300
Newport Beach, CA 92660
Phone: 626-864-4060
http://www.otcmarkets.com/stock/NLIR/company-info
CRWV
Seems as always it's just one big merry-go-round
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=56726
Names of people behind the company
A. Officers and Directors
Xiao yu Hou, President
? Chief Executive Officer from March 2011-Present.
? No Share Holdings
Ron Lindsay, Secretary/Treasurer
? Secretary/Treasurer March 2011 - Present
? Director since March 2011
? No Share Holdings
? Member of board OWVI
The nothing stock at .0001 OWVI PR
Any discussion on CRWV over here? This thing seems to one of the bigger promoted stocks (at least in the top ten of this month). The promo dollars are stated to be in the millions (years ago, that would amaze me, but not much these days on pinks). Not sure if the statements of "$ millions" is just to help the pump or if that much is really being paid. If true, that would mean many, many millions of dollars of losses for the ones taken by it.
Even though I could guess your thoughts on it Mr. Dummy, I'd still be interested in your written posts (or anyone else who cares to).
At just first look, it appears to be one of the bigger scams taking place, or attempting to be one of the bigger ones. The many promos and mailers I won't bother to clutter up the board with, but here's the pumpanddump mailer on it thats floating around.
The number listed was the one the previous mod mistakenly put there and as much as attempt that can be put time to, the I-Box will continue to correct and update data and numbers as they come in with links or contact info if possible.
That includes but not limited to the data for well production, severances, and other reports required by law for oil and gas wells of the State of Texas, financial reports, attorney letters (or lack thereof), any SEC filings, etc.
If one sees that there is a new report, information, or update on a link, please send the link so that it can update as necessary.
Sites such as the RCC, SEC, etc are always updating, sometimes have their own site issues, and the fact that there isn't any mod who can put their full time into an I-Box will lead to needing patience to continuously update and/or correct.
But I don't believe that BNPD numbers, data, and real verifiable facts are any laughing matter or "funny". I believe a good attempt should be made to make those facts as accurate as the source in which they came.
There may be some that is subjective such as copy and paste from the company website, but things like actual reports and data required by law for the wells, categorization by State or legal entities, reports or contact data, will be confirmed by links or other verifiable valid sources.
Thanks for any or all patience in order for the I-Box to be one of many good resources to go to for information of the company.
Looks like someone needs to be directed to this post once again. LOL
Quote:
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Some types and description of lies that can easily be recognized that the ones behind this ticker BEHL has done and/or continue doing.
Discussing the particulars of every instance (that are many) may be a waste of time. It is up to any prospective BEHL investor or trader to do that research for themselves. It can easily be done and any amount of common sense or intelligence can quickly see the myriad of BEHL lies.
To discuss with or point out to "longs" or "stuckholders" that already know, just refuse to see, or to any continued low life promotion/promoter is quite pointless.
Quote:
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Lying by omission
One lies by omission when omitting an important fact, deliberately leaving another person with a misconception. Lying by omission includes failures to correct pre-existing misconceptions. Also known as a continuing misrepresentation.
Big Lie
A lie which attempts to trick the victim into believing something major which will likely be contradicted by some information the victim already possesses, or by their common sense. When the lie is of sufficient magnitude it may succeed due to the victim's reluctance to believe that an untruth on such a grand scale would indeed be fabricated.
Barefaced lie
A barefaced (or bald-faced) lie is one that is obviously a lie to those hearing it. The phrase comes from 17th-century British usage referring to those without facial hair as being seen as particularly forthright and outwardly honest, and therefore more likely to get away with telling a significant lie. A variation that has been in use almost as long is bold-faced lie, referring to a lie told with a straight and confident face (hence "bold-faced"), usually with the corresponding tone of voice and emphatic body language of one confidently speaking the truth. Bold-faced lie can also refer to misleading or inaccurate newspaper headlines, but this usage appears to be a more recent appropriation of the term.
Contextual lie
One can state part of the truth out of context, knowing that without complete information, it gives a false impression. Likewise, one can actually state accurate facts, yet deceive with them.
Economical with the truth
Economical with the truth is popularly used as a euphemism for deceit, whether by volunteering false information (i.e., lying) or by deliberately holding back relevant facts. More literally, it describes a careful use of facts so as not to reveal too much information, as in speaking carefully.
Exaggeration
An exaggeration (or hyperbole) occurs when the most fundamental aspects of a statement are true, but only to a certain degree. It is also seen as "stretching the truth" or making something appear more powerful, meaningful, or real than it actually is.
Fabrication
A fabrication is a lie told when someone submits a statement as truth, without knowing for certain whether or not it actually is true. Although the statement may be possible or plausible, it is not based on fact. Rather, it is something made up, or it is a misrepresentation of the truth. Examples of fabrication: A person giving directions to a tourist when the person doesn't actually know the directions. Often propaganda is fabrication.
Lying in trade
The seller of a product or service may advertise untrue facts about the product or service in order to gain sales, especially by competitive advantage. Many countries have enacted consumer protection laws intended to combat such fraud.
Lying by obsolete signage
Examples are the continued use of old stationery that has printed information such as a previous telephone number, or advertising that remains painted on a wall after an enterprise has ceased business.
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________________________________
Holding on to shares at this point for some hopeful event to get any money back does not take in the effect the inevitable R/S. The inevitable R/S or even the ticker going to absolute NO VOLUME with NO BID. Time that it will take, one could have put that money, even though it is a loss with BEHL, to some other better use or better hope at least.
Once a R/S happens or there is not even the million here or there shares getting bought, there will not even be the money the shares are worth at this point. Given that worth is not much now, but will more than likely be worth even less later and even harder to get rid of them.
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64841861
That’s sure is quite short of the stated 48% (pretty bad math there), and more like around 14%. But like I stated a few trades can be put in and there is a small use for flipping, could use more volume for my style, but can’t always have everything. A little longer term, doesn't really look so great. Not anything to do with me, it is what it is, and I’m not the type to deny (like some do) when a couple of weeks it is in a downtrend and it has got a little push or bounce from the bottom of that downtrend.
But it has a ways to go to match the last roll. From the last high top it was down about 51%, meaning it needs about a 102% increase from the low of the bottom to just match. It’s done about half that right now, so again good job to any respectable trader getting any of it. Given that a big portion of the volume is just the paid promo/momo team or other non common retail sources, and is one of the reasons I stated it’s “a cautious game at best”.
But here’s the rest of the post that comments of “thanks” was given, and “you’re welcome”.
I've got a close of .0227 last Fri.
Close of .0259 Today
Guess that needs some creative accounting to put some misleading spin for exuberant percentages on that one. Use the high of today and low of last Fri, that will sound better.
Way down from the high of the last peak or push of three weeks ago at .034.
Volume isn't the greatest. It may be up a bit for the average, but depending what days you use, it still isn't very good for the average volume during the times of promo pps push for the last tops in the last few months. Along with the elusive .03 still out of reach.
Guess the BNPD promo/momo team better step it up and use some more funds. Kudoos to any of the common "Joe" or "Jane" trader that manages some profit on all the BNPD hype. Still a very cautious game at best, the harder the hype, the harder and faster the fall will be. Always something or some that will destroy any run, usually the pinky promo team right when they are at the hieght of their promo (who of course at the same time say they would never LOL).
Too bad the company can only try to fluff up some already old wells that they had a lease on. But those wells are historically very Low or NO-producing wells (see I-Box for links) and the only thing that is going on is Gouger transfering the cost of sitting there on them to the shareholders of a pinky shell IMO.
Gouger is having a hard time doing even that. After stating in a PR "in the following days" on 5/20/11 over two months ago, still no sign of any SEC filings except paid BNPD promo team stating the same over and over everyday.
Gouger has done nothing but have a hard time, including with his oil business. Constant violations and failing reporting standards for even the little bit of oil business he has done in the last few years (again see I-Box for REAL DD and links, all hype aside). But that is again nothing new, Gouger has had a history of permit and saftey violations even before this particular lease was taken over about three years ago.
But as far as just trading, there might be or has been a trade or two which doens't have anything to do with the viability of the company but only on paid promotional tactics or BNPD momo that can be mustered up. And to that I wish "Joe" or "Jane" good luck.
You mean BirdCrudGang. The penny.com want a be. Bunch of jokers. They have been responsible for turning this stock into a pump and dump. They must have some more shares to get rid of and going to try to do another spike. Sure wouldn't fall for it.
At least they admitted that I was right last week when I stated BNPD was in a downtrend. Has been for about two weeks now. I also stated about the paid promo that appears on posts on this board that creates those spikes and was right when I stated that it was at the top of one last Fri and many technicals were indicating another dip. Exactly what happened. Also went lower on higher volume.
This thing is forming similar appearance to a Pump and Dump chart with lower highs and lower lows. Coming down to match the last longer term low of about a month ago. Problem is is that time it was above the 50 day and bounced off of it, now it has plunged below and with it has many negative techs where they were positive for that last low. Plus, many are just getting aware of the paid promo tactics and MOMO is more scarce.
But shorter term 5 tick trend candles definitely show downtrend and the only thing BirdPooStock is going to do is maybe get another spike to sucker some into buying their shares. Maybe good for another day trade if the birdpoo can pull it off.
Did you see only one well that was operating? On the website
http://www.rrc.state.tx.us/data/online/index.php#
There is an interactive map that shows the well placement.
Which one is the picture of?
Do you have pics of the permits for each of the four wells? What are the permit numbers with the corresponding API#'s.
Three of the wells are about 100ft or so from each other, the other is a little bit farther from the others.
I'm not questioning your word, just was looking for pics of the different wells and the permit numbers that went with each of them.
Where are you getting those numbers? Is there some documented report or just off the PR by the company. The field is not getting anything close to that 20 bpd and I really doubt that it will. Not on any 30 day basis anyway. And there is doubts that it has a reserve anywhere near the amount the company has PR'd. It's almost a given that any pinky PR is over stated and one must take that fact in view when certain projections are given.
At any rate, whatever the bpd is or will be has to be shown on documented reports, so will be interesting to watch for that.
Where are the costs coming from. Are they expenses from any audited financials of BNPD? Or are there any links to verifiable data confirming that maybe what it should be or is. Of course, some wells don't do as well as others when it comes to getting the last of the oil out and expense to operate low producing wells are considerably more than better producing wells in relationship of expense per barrel of oil.
Also lets be clear on what exactly "ownership" is when it is "working interest".
BNPD (Gouger) is 25% "working interest" in lease paying the operator Tejones (Gouger). Shareholders of BNPD (no such thing as TXOM, just wishing and hoping at this point, which are not very good investment strategies) are paying Gouger (Tejones Operating Corp) whatever Gouger wants to pay himself.
Since Gouger (Tejones Operating Corp) hasn't been able to do much for years besides the same wells PR'd in the way of oil operations and these wells don't seem to put out much, are probably not very efficient when compared to the expense of operating to production of oil, and not have a whole lot of profit, it only seems fitting that he buys up some low end pinky shell and have shareholders pay for any operations.
Operations that he has been doing there already. Working, "re-working", whatever one might want to call it, he in fact has been there for some time verified by documents and reports.
In this business, one can call every day going back in and beginning to re-work the wells. Looks like just procedures of the industry, nothing spectacular thats for sure. And these wells seems like such small puddles of oil in comparison. On a thirty day basis, average barrels per day for the last report was only a few barrels per day.
I know oil prices are up, but I just don't think thats going to cut it for the amount of "working" the wells it's going to take to get the last of the puddles out. If it did, Tejones wouldn't need to work with a pinky shell, he would just go and make some money with the oil. But share selling a pinky shell is a lot less work and a lot easier and more profitable I guess.
Production reports, when Tom Gouger as Tejones Operating Corp has been working or "re-working" the wells, any lack of proper permits, etc can be and have been verified by may "eyes" witnessing and can be further documented here:
http://www.rrc.state.tx.us/data/online/index.php#
Again here are the numbers and data one can use to search through any reports, permits, actions, etc., etc for these wells.
Operator name: Tejones Operating Corp
Operator # 841338
Lease or RRC # 01090
Field #22897001
Lease name: Bryan Estate
API#03902624 #1; API#03902625 #2; API#03902626 #3; API#03902627 #4
http://www.rrc.state.tx.us/data/online/index.php#
One should expect BNPD (no ticker change yet, but it is Gouger) to be out there and Tejone Operating Corp (or Texas Oil and Minerals) to have some operating equipment out on the site.
It is about the ONLY site that Gouger has been operating and producing oil from for about three years now. Although it has not been much in comparison to how much is really needed to substantiate any PR forward looking statements or validate any exuberant or even decent pps.
Don't mean to belittle any effort or time to snap a few pics of the site, maybe snap a pic of the current and valid permit for each of the wells if possible. Not sure if they are even following the proper permits or safety regulations since Gouger has had a history of violating those rules and regulations.
Probably it would be good to compare with other sites that are actually pumping good business and plenty of oil and see how the site compares.
But the bottom line is how much oil is actually produced and the expenses that BNPD (not TXOM until there are filings showing at OTCBB.com) for example is paying itself Tejones Operating Corp to operate it. Only 25% "working interest" is BNPD or Texas Oil and Mineral and any profits Tejones does for their service is Gougers and not the shareholders; nor does Tejones services depend on profit from the wells and can get paid their fees from shares sold in BNPD whether BNPD shareholders profit or not.
Checking of production reports, permits, etc, etc can be quite helpful in any real DD on the company. Like I said they should be out there, the majority of anything that Gouger been doing with oil is out there at that site, even though it hasn't been much compared to the rest of the oil industry. In the bottom of the pack group for oil production and this site is also in the bottom for the majority of profitable oil operations.
So it shouldn't be any surprise or oddity that they are at least still in fact there. It matches to all the production reports. But now the shareholders are going to foot the bill and pay them to continue to work these measly producing wells that by the reports are again falling in production on the average monthly numbers.
And one can go to the Texas authority site and correlate that this field is about the only oil producing operations for Gouger and get every month for years back such as this one. But Tejones reports will compare to the field production report given for the entire time since Gouger took it over.
http://www.rrc.state.tx.us/data/online/index.php#
Looking like that pinky "sweet deal" for the ticker owners more all the time. Seems like there is an "owning" (25%) of a "working interest" lease with a company, BNPD (Texas Oil and Minerals) that pays itself and owner of the operating company (Tejones Operating Corp) with shareholders "financing" through shares of a public pinky company. Public companies are "financed" through selling either directly or indirectly of shares, nothing new about that.
Sure looks like this paying by itself (Tom Gouger and Texas Oil and Minerals, BNPD i.e.: shareholders) is paying itself (Tom Gouger and Tejones Operating Corp) to operate the wells. Not saying anything is a scam or illegal, but not so sure that it's such a "sweet deal" for shareholders and somewhat like the fox guarding the henhouse.
Wells (the “henhouse”) that have not done quite the production as what BNPD PRs want to impress upon the public it seems. Listed here is the production for 2010 and 2011 for that Bryan Estate which correlates to the income of Tejones Operating Corp production which for the most part were only this site. Now of course I'm sure there is more data and would hate to have anyone take anything out of context, just trying to figure this out. There should be some expense to those operations and what profit from the disposition and it should be fully disclosed and with some rare pinky transparency with verifiable links or documents.
I do understand that the "forward looking statements" are trying to submit that with some fancy dancy process and/or equipment that there will be some better production. But this is just a report of what the Bryan Estate did do. Not sure how many hours a day or how many days per month they actually operated at this point to get that "average per day" mark of 12 barrels that was PR'd or exactly what numbers they used. But averaging these numbers are considerably less than the 12 barrels just using even 20 days per month, and they should at least be operating that many days per month.
Also, like a pinky stock pps, it can go up and down with oil production numbers no matter whether it’s in a downtrend or uptrend. But there is an observation that the numbers of the two wells already in production as stated by the PR that the trend of oil production is going down and average per month is falling and the fact that the “future looking statement” only falls in the current average per well when all four wells are worked from their numbers. The increase of production is only by just getting the additional two wells going.