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Quote below from the website. Dominion must be working round the clock to get I-1 on-line which is great news.
"We have more solid progress on the I-1 completion! The boat landing was installed at approximately 3am this morning where is securely tied-off (dogged off)."
I'm liking the pps movement with the static OS at 228mil.
.0065/.0077 up
I agree but to get to that point, rightly or wrongly, has involved additional share issues. My point is this has already happened. If real revenue wasn't imminent then it might be time to worry. This is a turning point for WGAS - let's hope they can pull it off.
True but I'm guessing that option has already been exhausted.
I-1 will be the first decent revenue stream and will help as a spring board to pursue other more significant production opportunities. Be patient and pass judgement after oil is flowing from I-1.
It requires money to make money from oil. Given that WGAS doesn't have any (significant) revenue from oil right now how do you propose they obtain the money?
I called Holladay Stock Transfer and left a message on their answering machine.
196,000,000 shares outstanding on July 13th. Anyone care to provide an update as of today?
Clearly someone wanted to move some volume this morning.
Where did the .7s go? I'm seeing.99 again :(
Double doji time? Monday news will prime this if the current level remains IMO.
1-yr target on Silvermere is 29.00 against current quote of 10.30.
I also own a ton of SWAG, I mean WGAS : )
200MA? Any thoughts when we might see this?
I agree. May take a small chunk to protect the initial investment but I think this will be significantly higher in the next month or two IMO.
Has WGAS provided estimates of the BOEP for the I-1 well? I saw estimates for D-Bar and VM but not Mustang.
If announcements on the closing of the D-Bar PSA, and the potential new South Texas acquisition are timed right, topped with confirmation of a revenue stream from I-1, then I think you could be right.
Breaking the 50 day MA next week?
I would love to see this steady in the .006s today.
Forget sellers. No big buyers is very ominous in my opinion.
A steady build to 0.01 before I-1 production news would provide a nice base.
GO GREEN!
I no longer own any of these shares. I'm sure there is potential for this to ride back up but in my opinion it will be based on speculation and greed alone. I just don't believe this will ever amount to an oil producing operation.
Fall of death IMO. In at 0.0028 and out at 0.017. This is going back in the gutter where it belongs.
Silvermere Energy raises funds to bring Mustang Island on stream
[url][/url][tag]http://www.proactiveinvestors.co.uk/companies/news/44700/silvermere-energy-raises-funds-to-bring-mustang-island-on-stream-44700.html[/tag]
Form 10-Q for WORTHINGTON ENERGY, INC.
15-May-2012
"We believe that the cash flow from the Mustang Island properties, when production commences and after the promissory note issued in connection with the acquisition is repaid, will be sufficient to sustain operations."
0.0044/0.0045 Stalemate time? Maybe now all the weak sellers are gone. Time for the price to head back up!
0.0043/0.0045. The bid is creeping back up.
BUY NOW - I'm expecting news by email this afternoon.