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I see, I agree with you guys now.
I'm going by this.
http://www.investopedia.com/terms/s/subsidiary.asp
It doesn't matter to me either way.
GLTA!
Tyche may not be a subsidiary either, I think BIGN would need to own 51% to claim that. The IR department needs to clarify it's wording.
Not a biggie IMO.
It looks more complicated than signing a contract with another business. I'm more comfortable with BIGN now then I have been over the last few months. I'm kind of glad that Royal is taking the largest portion of the ET-LOI instead of us, less concern about financing.
Plus a nice bankroll.
Thanks for taking the time to post that, I now understand. It sounds like it can be a very time consuming process.
Generally I understand what you are saying, but what is a WI, RI, and ORI. I've seen these before but never knew what they meant.
Thanks.
Unless their buying another rig.
Does anyone get this from the PR?
"Enter into strategic partnerships with other Oil Production
Companies while retaining Operating Rights"
wwng news
WW Oil and Gas Inc. Outlines Future Business Plans
FARMINGTON, N.M., Dec 1, 2006 (PrimeNewswire via COMTEX) -- WW Energy Inc. (Pink Sheets:WWNG) subsidiary, WW Oil and Gas Inc., released details of its long-term business goals. The Company's subsidiary continues to pursue sound viable acquisitions as it continues to expand and grow in the Oil and Gas Industry.
WW Oil and Gas Inc. strategic growth plans are to include:
-- Acquiring leases that have been abandoned due to poor Spot Oil Prices of the past
-- Re-opening and re-working of these abandoned wells bringing them back into production
-- Identifying smaller Oil Operators whose company is currently
inactive or is considering retirement
-- Obtain production fields that currently are under-producing
but retain proven oil reserves, re-working the wells back to
profitable assets
-- Continuing with these production fields, drilling cost-effective
new wells with identifiable proven Oil Reserve Reservoirs
-- Enter into strategic partnerships with other Oil Production
Companies while retaining Operating Rights
In addition WW Oil and Gas Inc. will continue to complete its existing projects located in Texas, Utah, New Mexico and most recently in Oklahoma.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has exploitation projects in Texas, Utah, Oklahoma and New Mexico. Comprehensive
drill programs are being developed for full exploitation of these projects.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting fresh
production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
OURCE: WW Energy Inc.
By Staff
CONTACT: WW Energy Inc. Investor Relations Teresa Diedrick 505-566-9100 www.wwenergyinc.com
news
WW Oil and Gas Inc. Outlines Future Business Plans
FARMINGTON, N.M., Dec 1, 2006 (PrimeNewswire via COMTEX) -- WW Energy Inc. (Pink Sheets:WWNG) subsidiary, WW Oil and Gas Inc., released details of its long-term business goals. The Company's subsidiary continues to pursue sound viable acquisitions as it continues to expand and grow in the Oil and Gas Industry.
WW Oil and Gas Inc. strategic growth plans are to include:
-- Acquiring leases that have been abandoned due to poor
Spot Oil Prices of the past
-- Re-opening and re-working of these abandoned wells bringing
them back into production
-- Identifying smaller Oil Operators whose company is currently
inactive or is considering retirement
-- Obtain production fields that currently are under-producing
but retain proven oil reserves, re-working the wells back to
profitable assets
-- Continuing with these production fields, drilling cost-effective
new wells with identifiable proven Oil Reserve Reservoirs
-- Enter into strategic partnerships with other Oil Production
Companies while retaining Operating Rights
In addition WW Oil and Gas Inc. will continue to complete its existing projects located in Texas, Utah, New Mexico and most recently in Oklahoma.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has exploitation projects in Texas, Utah, Oklahoma and New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting fresh
production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
Forward-looking statements
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and
market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of WW Energy Inc. may achieve could differ materially from any forward-looking statements due to such risks and
uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: WW Energy Inc.
By Staff
CONTACT: WW Energy Inc. Investor Relations Teresa Diedrick 505-566-9100 www.wwenergyinc.com
Any chance that we are closing some deals here and getting closer to the LOI? Hope so. The Well Renewal website is up.
Check out the Royal webpage, the last 6 paragraphs...
http://royalpetro.com/projects.php
and compare to this page...
http://wellrenewal.com/Our_Technology.htm
There aren't any PRs out but it's seems that WWNG often runs a day or two before they release a PR. Nobody knows for sure though.
I agree, we may have good news from the Oklahoma reworking effort. More revenues for BIGN if it is.
WWNG 1MM shares already.
WWNG isn't exactly subtle about when it is going to release a PR, lol.
The current price is $9.02. I live near Houston and they are forcasting frost and possible snow here. The central states are going to get cold for a week or two.
Is anyone able to still access the success oil website?
http://www.successoil.net/
I get a spam page but I get that sometimes with my ISP.
Thanks.
It's up 40%, looks like no dilution today (so far).
Nobody knows what the JV will be but my money is on BIGN.
I don't think TYEG has ever announced a JV with RYPL. They issued their own Oklahoma PR while BIGN/WWNG issued one with RYPL. TYEG may have it's own cash for it's projects.
Wave,
From the last PR...
While the primary focus is completing the East Texas Oil Field Joint Venture transaction, the Board of Directors is also giving careful consideration to the following issues:
-- Restructuring the business agreements with Joint Venture partner Hydroslotter Corp., the NC-02 technology and considering alternative well renewal technologies to better serve the companies future requirements both technically and economically.
-- Expansion of current operations in New Mexico and Oklahoma as the company may determine to be viable.
-- Continued re-organizing of the virtual I.R Department providing more accessibility to company business activity while maintaining an open line of communication to shareholders.
-- The Company has received a notification from the Pink Sheets organization regarding new requirements and the Company will endeavor to meet the highest standards for future reporting and compliance.
These decisions will be tailored around the expected conclusion of the East Texas Oil Field Joint Venture transaction.
Thanks for the well thought out reply.
I agree with you about Royal taking the central role in the NCO2, I believe they said that they would patent the technology. Also, Stonebrigde co-announed NCO2 with BIGN & RYPL, and it seems the only relationship between BIGN and SBRX is that they are both partners with Royal.
It's been a while since I read the PRs but I remember that some of the wording in the NCO2 PR from Royal and the Tubbs PR from WWNG were similar, I'm guessing NCO2 is being tested at Tubbs.
Afrer re-reading the last PR does anyone think that HSC might be charged with managing the NCO2 technology? See below.
"-- Restructuring the business agreements with Joint Venture partner Hydroslotter Corp., the NC-02 technology and considering alternative well renewal technologies to better serve the companies future requirements both technically and economically."
The NCO2 PR from a few months back said that BIGN would have someone in the "field". If it isn't HSC then they would have to contract or hire someone from the NCO2 company I would guess. WWNG/BIGN would also need to find operators for their new rig. Any chance that HSC is handling any of this?
This is also the first time I've noticed the term 'well renewal' used by BIGN, but I haven't been paying close attention. This could be another indicator as to where they got this technology.
Not a big deal, just some speculation while its quite.
33 more days till the EOY.
Bounce.
1 @ 70k @ .0135
If Royal Petroleum is in Texas inteviewing key employees (to make sure they stick around) I've got to believe that all that remains is for the fat lady to sing. It's demoralizing to your employees to let another company interview them and then back out of the agreement. As far as I'm concerned this is the last thing you do before closing the deal, and only after everything else is squared away.
Wild guess LOI news by 12/15, possible Oklahoma news before that.
Sell on the Frankfort site at .10 and buy on the US site at .0135? Sounds like one of the profit scams. ;)
The last PR could be the reason that they haven't disclosed who the members fo their BOD is yet. Perhaps some of the Diamond Certificate members will be on the BOD.
I would also assume that the reason that they state around 22 million barrels is that because maybe 50 of them are JV´s they cannot stringently define their holding, but can bank on around that amount.
These are the wells that are being acquired from a single company. See this PR. Same with the 125 wells for rework.
http://biz.yahoo.com/pz/060525/99754.html
The 34 wells you mentioned are probably the 32 wells bought by WWNG in Oklahoma, see this PR. 2 wells a month is the plan.
http://biz.yahoo.com/pz/061003/106185.html
PDF of their 2005 financials.
https://www.otcstockinfo.com/repository/621920/621920_FR1.pdf
Kristall Production Corporation is the first and largest Russian polished diamond manufacturer set up in 1963. As a pioneer of domestic jewellery diamonds processing, Smolensk Kristall has always been in the vanguard of the industry and gradually became one of the major players on the international market. For over forty years, the company manufactures diamonds of varying cuts, weights, clarity and colour, all of which have been of superb quality, ideal proportions and magnificent brilliance.
It is due to the efforts of Kristall that over many years, the term "Russian cut" has become an internationally renowned brand. The name Kristall in the world diamond market is associated with a flawless reputation and guaranteed reliability. The stake on the highest quality has justified itself and determined strong global demand for Smolensk diamonds. Today Smolensk can undoubtedly be called the Diamond Capital of Russia.
Gradually the company has created a broad international trade network, gaining a wide clientele in major international diamond centers, and has become a member of the elitist and closed club of the best international diamantaires.
http://www.kristallsmolensk.com/maket.php?rubrica=100
This is a very large supplier in the Smolensk region....
Jewelry industry - the most advanced branch of region's economics, it covers 35% in the region's industrial structure, is represented by the asso-ciation "Smolensk brilliants", which includes PA "Kristall" and its six subsidiaries. The region's export jewelry production covers more then 50%.
http://us.geocities.com/rusreg2002/smolensk01.htm
BIGN needs to put out more PRs. Every O&G company is in the same situation as BIGN. They are all looking for leases. They dont have a problem releasing their PRs. BIGN needs to start acting like a public company, the money invested in them is REAL money, regardless of how the do business.
Somebody trying to keep the price down? Bidwacking going on.
Maybe we'll get another PR this week.
NC02 pays for itself in 10 days on OK well.
"One example was a recovery project of a partially depleted limestone reservoir in Beaver County, Oklahoma. The oil and gas production was declining at a rapid rate to near abandonment. 1.5MMcf of inert gas was injected causing a 400% increase in gas production which held for nearly six months. The application paid for itself in approximately 10 days."
http://www.ericssonwebdesigns.com/nico/index.html
MELBOURNE (Reuters) - Strong global demand for energy and limited refining capacity are likely to keep oil prices high, posing a risk to world growth, the International Monetary Fund chief said on Saturday.
A decline in oil prices, which have soared over the past two years, is not "a visible scenario right now", IMF Managing Director Rodrigo Rato said at a news briefing before addressing a meeting of the Group of 20 financial leaders.
"The consequences of the oil prices that we do not see going down will put a dent in many different countries, in domestic demand, the current account deficit and inflationary pressures," Rato said.
Crude oil prices, driven in part by rapid industrialisation in China and India, reached a record high near $80 a barrel earlier this year before retreating to trade on Friday below $56 a barrel.
The world economy has managed to absorb the spurt in energy costs so far, putting in its best economic performance in three decades over the past four years.
But Rato said the longer prices stayed high the greater the inflationary risks and the more it would sap domestic spending power. Well-functioning oil markets with better transparency were needed to limit oil price volatility, and further investment in oil refinery capacity was essential, he said.
"We see very strong demand, and strong demand will continue, not only in China and India, but in the developed countries."
While oil producers had taken steps to increase production, insufficient investment in refining created capacity restraints.
"Oil prices will not come down unless investment is increased if capacity remains tight," he said.
Energy policy has a prominent place on the agenda of a meeting of the G20 finance ministers and central bankers, which aims to tackle the world's economic problems.
http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-11-18T062810Z_0...
I don't see Royal Petroleum as anything more than an investor, a deep pocket - but who knows? It's hard to tell what they get out of it, maybe restricted shares and a % of income. They probably have a similar relationship with Stonebridge.
from the PR ....
"At this time, the Company is endeavoring to push this transaction to close before this current calendar year end."
6 weeks would be nice.