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Plus no debt.
Am I right in thinking that when Grimes news comes out we could be close to a 4 or $5MM company?
From the PR...
"-- 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."
Any thoughts on this?
I was amongst other things an inventory manager for a chemcial company in Houston that was sold. The inventory was one of the last things scheduled, after all other business had been completed. It took us about 2 weeks, we proabably had a few hundered differrent chemicals onsite. The 3rd party CPAs played with the figures for another week.
Meeting with the ET-LOI employees is a courtesy that they are extending and not a showstopper.
Operations in Louisiana, no wonder we couldn't find out who they are.
Are they considering aquiring HSC?
Good news IMO, although some of us would have liked to get flowrates from existing business. Maybe next week.
Any chance that they will PR their move to the OTCBB? TIA.
The Frankfurt exchange shows a +10% in PPS, did BIGN actually trade or is it just reflecting the price here. Yahoo already has it's volume set to zero. Thanks.
http://finance.yahoo.com/q?s=D9G.F
They really need to put out a PR even without the ET LOI.
- were still working on the ET LOI
- great flow rates from Grimes
- 3 wells in prodution on Oklahoma with with flow rates and details about the rig (whose employees are running it?)
- good news from Tubbs
This PPS is tanking with 4 million in volume.
In one of the PRs Sucess Oil was referred to as a 'turnkey drilling operator', does anyone know what that means? Would this mean that they own their own rigs?
Maybe sljb is why we are seeing some volume today.
Based on the email I recieved yesterday it appears that they *may* put all the information into a single PR. I was hoping that they wouldn't do that, but now that I think about it this could prevent a selloff like you said. Perhaps it's the best way to go.
They didn't PR the rig that was bought like they would have in the past, I'm hoping it means that the PR is very close. Considering the amount of $ going into the ET-LOI it doesn't seem like they would be trying to save a nickel on a PR, so maybe it's about ready.
When the 250k @ .013 went thru the ask was .0135 and there was no bid. I didn't see the 350k go thru, it never made it onto the Scottrade P&S.
no bid either. Eatme explained that yesterday.
http://www.shapirobernstein.com/mbr/shapiro_song_display.asp?misn=2731
I've been following the sljb I'm glad we dont have their activity on this board. It's an interesting story, I dont own any shares I hope they get good financials.
I think they pretty much already said the same thing in prior PRs, their next PR will have details I would think. They probably aren't going to put out PRs anymore saying 'we're still working on it'.
Reply from BIGN,
This came in before noon but I just saw it. I asked about the OK wells several days prior to the last PR release from WWNG, the reply is below. I believe the '2' that is mentioned are the 2 wells that are already in production. I didn't ask about the LOIs but they mentioned them.
----
The LOI's are still on and management is working on news to update on all current business. I thought it would have been ready earlier. I would hope to see it out soon . James is going over details with BOD. Oklahoma details will be in there . You know from the last press they had 2 already and were preceding with the next 2. We will clarify our part with WW Oil and Gas rig purchase too.
2MM shares x .005/share = $10K. Where did you get $170 from?
Thanks, I didn't know it worked like that.
Does level 2 show any MMs on the bid? Scottrade is showing 0 for the bid again.
I always thought the bidwacker was the seller. Buying at the bid doesn't necessarily drive the price down, but selling at the bid can IMO more readily dirve the price down, especially in a thinly traded stock.
Bid is back again. This is the only stock I've seen do this.
Scottrace is showing a zero bid.
MMs playing their games again, trying to get volume at any price.
The finally moved the bid up.
My guess is Groundhog Day. The screenwriter of the movie with the same name probably held a pinky like BIGN. Everyday when you wake up everything is the same.
Unless Mr. Lancaster PRs it's just another day in Punxsutawney. ;)
Good article but too long to post in it's entirety.
http://www.heritage.org/Research/MiddleEast/bg1982.cfm
The Islamic Republic of Iran poses one of the most troubling threats to energy security. Because of its recent military buildup, Iran now has a much greater ability to interdict the flow of Persian Gulf oil exports than it had during the Iran–Iraq War. Iran’s arsenal now includes sophisticated mines, anti-ship missiles, submarines, and aircraft procured from China, Russia, and North Korea that will make defending the Persian Gulf a much more difficult task for the U.S. military.
If the growing crisis over Iran’s nuclear program leads Iran to interfere again in the flow of Persian Gulf oil as Tehran has openly threatened, the resulting disruption could severely damage the global economy. The price of oil could easily double from current levels (about $60 per barrel), threatening global security and prosperity.
While the Bush Administration fashions a strategy to escalate international pressures on Iran to halt its suspicious nuclear activities, it is crucial to understand that Iran’s “oil weapon” is a significant piece of leverage in the confrontation. To have any chance of diplomatically halting Iran’s pursuit of a full nuclear fuel cycle, the U.S. must demonstrate that it can counter a potential Iranian disruption of Persian Gulf oil exports.
etc.
11/24/06 8:04:07 AM EST
WWNG 620k traded already.
We finally have a rig, great news. 30 wells in 6 months iis pretty ambitious.
Scottrade shows .012 x .016 on BIGN
WWNGm must have a gusher somewhere, up 6.35%.
WWNG 310K so far, up 3%.
China to fill 3rd oil reserve base
Li Xinran
2006-11-09
CHINA will fill its third strategic oil reserve base starting from April, Oriental Morning Post reported today.
The Huangdao base in East China's Shandong Province will build 32 tanks with a total storage capacity of 3.2 million cubic meters, which is capable of serving the whole country's petroleum needs for three days.
After the construction of the total four reserve bases' is complete, China will have a domestic oil reserve of 10 days, the newspaper said.
As well, China has imported and stored another 21 days worth of oil reserves through the country's petrol industry, and in total has a strategic oil reserve capacity of more than 30 days.
The US and Japan both have reserves above 100 days, said Houjixiong, an analyst of Guotaijun'an Securities Company.
Since China filled its first oil base in Zhenhai, Zhejiang Province, in October, it set plans to fill the Daishan base, in Zhejiang's Zhoushan City, at the end of the year.
China is preparing to set up a solely state-owned company to manage the country's strategic petroleum reserves, and to improve its petroleum reserve system by implementing two sets of reserves; a compulsory commercial reserve and a government reserve.
http://www.shanghaidaily.com/art/2006/11/09/296639/China_to_fill_3rd_oil_reserve_base.htm
I'm hoping for .25 by Christmas. I'll be hanging in.
Someone is buying WWNG right into the close. Maybe a Tubbs or OK PR tomorrow.
WWGN .065 X .07.
They did it twice now. Lets get a PR out while these guys are short.
I don't think they want to see any volume.
MMs had to cross trade it and put .0148 last. They don't seem to have many shares.
Another day in Punxsutawney.
In May BIGN went to .07 on 2 wells and 3 LOIs. .25 is only 3.5 times the PPS in May.
If we get the East Texas company for cash and restricted shares this could be nice.