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I've been watching it. The volume is up compared to what it had been recently. I e-mailed their IR department yesterday and asked if the well #4 was in production and they responded today that it was. I forgot to ask what the flow rate was so I sent them another e-mail today.
According to PRs this past spring they had 3 NG wells in Port Arthur pumping a total of 150,000 cubic feet per day. In one of the recent PRs they were ready to take one of the wells back online (the pipline company had the pipe down for maintenance) at a rate of 2.8 million cubic feet/day. If my math is right that's an 18X increase. I'm hoping that the NCO2 was partially responsible for the increase.
I'm guessing that BIGN is working with NCO2 in Tubbs.
I think all the info coming out is good news, BIGN isn't just a few lone rangers trying to create a company. They have sister companies like Stonbridge which owns it's own rigs. A deep pocket like Royal, and tech support from companies like HSC and the NCO2 company. Like Billiam said, the devil is in the details. If no RS or RM this can turn out to be a great investment. Still postive here.
It looks like BoCor is private.
Back on the farm .....
Well Renewal is in Tulsa Oklahoma and so is this company. They increased the flowrate of a well by 400%. Royal Petro also claims 400% increase with their NC02 technology in their PR.
http://www.ericssonwebdesigns.com/nico/index.html
I posted all the PR dates and titles from BIGN, TYCHE, WWGN, Well Renewell and Royal Petro into a spreadsheet last week and just added Stonebridge.
IMHO this is what it looks like ...
Somebody with money (RYLP) tried to start a number of companies but they weren't very successful (or not the experience needed for O&G in the US) . BIGN and SBRX were two of them. They replaced existing management with new managers (James Lancaster from Tyler TX and Phillip Christian from Houston TX) both in the spring of 2006.
After getting the new management on board they began to aquire properties, it looks like Stonebridge's aquisitions all came from a company called Christian Operating Company, but not all at one time.
BIGN headquarters moved from Toronto to Tyler Texas where Lancaster lives, Stonebridge headquarters moved from Toronto to Houston Texas where Phillip Christian lives, while Tyche headquarters moved from Toronto to Dallas Texas. As far as I know Tyche's American management team hasn't been announced yet, maybe the ET LOI company is in Dallas and they will assume the role of the US Tyche management team. We already know the CEO will be on the BOD for BIGN for 2 years.
IMO it sounds like a company that had management problems, hired new managers and is now trying to grow.
I don't know why they won't put out more PRs, but I'm not convinced it's a scam. I think it may just be a paranoid and inexperienced BOD.
After reading through all the PRs listed on the IHUB site for SRBX the info there shows that the assets are different than the ET LOI. Stonebridge does have rigs but their leases are an NG lease in Texas and some oil and NG reserves in Kansas. Maybe this was the backup plan they had.
I knew they were in Nevada. Right corporation, wrong abbreviation. Thanks.
Well Renewal LLC is also incorporated in NE, while Well Renewal INC. (50%) is incorporated in Delaware.
Whenever I wonder if it's a scam I have a hard time explaining why WWGN would be involved in a scam, since it is a viable company without BIGN and the rest of the boys in this group.
Looks like they went into a PR blackout about the same time BIGN did. The last 10 or so messages on their ihub site looks like one of the bad days on this list. Maybe we should invite those guys over here, lol.
Gargoyle actually found the NCO2 a few weeks back, I just kept them on my watch list.
http://www.investorshub.com/boards/read_msg.asp?Message_id=14029379&txt2find=nco2
Someone (I think Tyler) mentioned connections to Stonebridge a few weeks ago. Their URL is similar to the one Tyche had a while ago, and the design is the same. It's not kept up though. Could these guys be part of the bigger company?
http://www.otcsbrx.com
I believe that Well Renewal has the patent but it's hard to figure out who own this company. No PRs for a while other than the CEO left to persue other interests.
What's interesting is that when BIGN PRed the NCO2 tech they mentioned that that they would have somebody in the "field". As far as I know BIGN doesn't really have any operations experience.
SRBX which is using the same NCO2 tech as BIGN is moved up 20% today without PRs.
1 million shares in the last 7 minutes.
Wow, interesting. I read this on the IHUB news list for WWGN, looks like they placed it in the wrong company. I never noticed it was WWEN when reading through the PRs though. Thanks for the correction.
The Toyota part is made up of course, but the engine patent is real.
W2 Energy Inc. to Build 300 HP Rotary Hydrogen Engine
NEW YORK, Aug. 3, 2006 (PRIMEZONE) -- W2 Energy Inc. ( Pink Sheets:WWEN), a developer of green energy, is pleased to announce it will build a commercial unit of its rotary hydrogen engine. The engine, based on U.S. patent number 5,720,251 acquired by W2 Energy from its acquisition of World Wise Technologies in December 2004, has been modified to accept a large cross section of fuels, including hydrogen. The company plans to build a 300 HP version of the motor that will power an electrical generator.
Mr. Michael McLaren states, "We are very excited about this engine and are preparing to submit patent on the changes made to it." He also stated, "Our prototype tests concluded that we can produce a remarkable about of horsepower in a very compact package using all sorts of fuel from low grade diesel to hydrogen."
W2 Energy continues to push forward on the audited financials and will advise shareholders regularly of the progress.
11. Oil wells in Texas (Tubbs)
12. 2 operating wells in OK
13. Began reworking 30 non-operating wells in OK for rework, 1 every 2 weeks. First well is done and a gusher.
14. Toyota buys patent on the 300 HP hydrogen engine from WWGN for $750MM
Natural Gas is at 8.06
Can you tell me where information about the German merger is? This is the first I've heard about it.
Thanks.
The MMs haven't shown a bid for 10 or 15 minutes.
Just got out of a meeting, their symbol is WRNW.
Something is up, Well Renewal stock is moving. IMO this may be our NCO2 company. I picked up 10k shares as a longshot lotto play. I'm not recommending this stock, just saying.
My posts are opinions, do your own DD.
delete, responding to the wrong person.
FWIW WWNG is also calling itself a landbank. IMO the usage of the term 'land bank' by WWNG and TYEG is just that they are acculmulating energy reserves which they will expoit at some time either by themselves or via JV.
When you get time read WWGN PRs from about June 1st to the present. Lots of things going on with this subsidiary. They have an LOI for 450k acres of oil sands in Montana. With the PR blackout we dont know if the deal was closed. IMO reading all the WWGN PRs helps one understand the complexity of trying to close all these deals and make everyone happy, as texasboston mentioned.
If you go to BIGN make sure to give them a copy of Excel, this is taking too long.
$0.829 BR
Thanks for the info. It's good to know that their still moving forward.
A little buying going on.
The last I've found is that Well Renewal, Inc. owns 50% of Well Renewal, LLC. Af far as I know the other 50% is owned by Transnix.
Global Resources gave up 50% interest to Transnix because Global Resources was in default with transnix........
Maybe WWNG/BIGN is trying to aquire the 50%???????
--------------
In connection with that sale and change in control, the Company's operating subsidiary, Nutratek was spun off to the selling majority stockholder and the purchaser determined to change the business of the Company to that of a business development company. On September 17, 2004 the Company filed a notice with the Securities and Exchange Commission ("SEC") electing to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended. The intent was to focus on acquiring interests in portfolio companies doing business in the energy sector. While operating as a BDC, and seeking energy-related portfolio companies, on January 11, 2005 the Company acquired a 50% interest in Well Renewal, LLC ("Well Renewal"), an entity which managed and operated approximately 30 oil wells in Oklahoma by utilizing a nitrogen and carbon dioxide gas injection unit to "pump up" and re-pressurize the wells to increase oil output.
By December, 2005 it became clear that the Company was unlikely to obtain the necessary funding for exploitation of its BDC business plan. As a result, on December 15, 2005 the Company entered into a foreclosure agreement with a creditor, Transnix Global Corporation ("Transnix"), to which it had pledged the Well Renewal interests. Pursuant to the foreclosure agreement, Transnix accepted the Well Renewal interests in satisfaction of certain principal and interest obligations secured thereby and the Company waived all objections to the foreclosure. Concurrently, the Company determined to withdraw its election to be regulated as a BDC, and that "Notification of Withdrawal" was filed with the SEC on December 17, 2005.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-001711&Type=HTML
Old info....
Global Resource Corporation, formerly known as Advanced Healthcare Technologies, Inc., is a development-stage company. On September 17, 2004, the Company filed a notice with the Securities and Exchange Commission (SEC) electing to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended. The intent was to focus on acquiring interests in portfolio companies doing business in the energy sector. While operating as a BDC, and seeking energy-related portfolio companies, on January 11, 2005, the Company acquired a 50% interest in Well Renewal, LLC (Well Renewal), an entity which managed and operated approximately 30 oil wells in Oklahoma, by utilizing a nitrogen and carbon dioxide gas injection unit to pump up and re-pressurize the wells to increase oil output.
http://finance.google.com/finance?q=OTC:GBRC
I'm pretty certain that this is our NC02 company.
http://www.investorshub.com/boards/board.asp?board_id=6162
I've been trying to stay positive, but like others here I am getting aggrivated.
This company either owns or is a manager operator of 30 wells in Oklahoma. I have no idea if these are the same wells, maybe not.
old news, deleted..
Right sector, right company, wrong week.
After a drought of oil rigs I believe that we now have possibly 4 operating companies we are working with.
1. Grimes - HSC/Schlumberger
2. Tubbs - Success Oil probably
3. Texas - the ET LOI company
4. Oklahoma - a 4th unknown operator.
Once the few big PRs come out I believe we will be getting constant PRs thereafter regarding all these operations.
Well Stimulation Material Demand in the U.S. to Approach $2.4 Billion in 2010
CLEVELAND, OH -- (MARKET WIRE) -- October 20, 2006 -- U.S. demand for well stimulation materials is projected to increase nearly eleven percent annually to $2.4 billion in 2010. Exceptionally high oil and gas prices have motivated domestic producers to increase production of crude oil and natural gas. This is no mean feat, as U.S. oil and gas fields have generally matured, leaving no easy sources of energy untapped. As a result, producers are taking advantage of well stimulation techniques to maximize output, and will continue to do so to increasing degrees as long as oil and gas prices remain high. Longstanding concerns about the stability of the world's oil supplies, to say nothing of critical concerns about the stability of many of the world's leading oil supplying nations, have increased the importance of higher domestic oil and gas output. These and other trends are presented in "Well Stimulation Materials," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Over the next decade, well stimulation material demand will be spurred by increases in oil and gas drilling and well completion activity in the U.S. Drilling activity will drive gains for fluids and proppants. Continued exploratory and developmental efforts in offshore and deepwater areas will prompt demand for value added proppants and specialty additives that are the best-suited materials for use in these challenging environments. Commodity materials such as sand proppants and lower cost fluids will benefit from the continued development of shallow coalbed methane resources.
Proppants, which have become the largest product type, are also expected to register the strongest value growth among major product categories through 2010, averaging 12 percent annually. While volume growth for proppants will be appreciable, value growth will be driven to a substantial degree by the increasing use of more expensive proppants in place of traditional sand for deeper wells with harsher conditions. Among base fluid materials, gelling agents and foaming agents are expected to post above average growth. Growth for foaming agents will be due to their ability to reduce the total amount of hydraulic fracturing fluids required for each fracturing job. Higher value products such as organometallic crosslinking agents and specialty biocides also represent strong growth opportunities.
http://www.marketwire.com/mw/release_html_b1?release_id=174943
Look at the 9998 singal here and the PPS before and after.
http://www.investorshub.com/boards/quotes.asp?ticker=IVRC&qm_page=36966&qm_symbol=IVRC
IMO 169900 was an MM signal, maybe they'll let it run a little. They use 3, 6, and nine it seems.
I picked up 110k in that mess.