The same
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I am beginning to doubt our investment monies will be stuck for very much longer...unless you have held from way high. If anyone has averaged down the better! jmo This may move swiftly...and if the big buyer decides to enter again, look out. Maybe he has some friends.
Bottom line is Matt wants out from under all this and make a business out of PGPM, once he has the capital, it's on it's way!
ncpti
ACLY looks like they are in full forward motion on this Russian deal and if so completed could benefit PGPM in a positive way!
ncpti
Hey 567tbd, can you elaborate on the IPO part...I am not real clear on this?
ncpti
Thanks Dallas, looks like they have some oil to get out of the ground there!
ncpti
Tuesday NEWS for ACLY
Tue Apr 26 2011 11:23:58 AM EDT
BusinessWire, GlobeNewswire and PR Newswire News
Arcland Energy Corp ACLY:OTC
Arcland Energy Executes MOU with Russian Company for Kumskaya Neft.
PR Newswire
11:23 AM ET
Arcland Energy Corporation (OTC: ACLY), an independent oil and gas company, is pleased to announce the execution of a Non-Binding Memorandum of Understanding ("MOU") with the Russian company ZAO Neftemontazhspetsstroi ("ZAO") to acquire a 74.99% ownership interest in Kumskaya Neft, LLC ("Kumskaya Neft") aprivateindependent oil and gas exploration and production company in the Russian Federation. The MOU facilitates the terms of the acquisition between the companies and relates to the completion of final exploration and the construction of infrastructure on the Kumskaya Neft oil and gas production project, located in the Khanty-Mansy Region of the Russian Federation. In addition, Arcland will maintain the rights to develop, own, operate and manage a pipeline project reserved for its own oilfields and other targeted areas in the Russian Federation. An updated reserve report related to the Kumskaya Neft project, prepared by Miller & Lents, is expected t o be completed before the end of the second quarter 2011.
Highlights
* Proposedacquisitionwill create a joint American-Russian oil subsidiary company with twocore areas; exploration and production;
*Kumskaya Neft owns 100% of the interests in the targeted areas of exploration;
* 2D and 3D seismic reports are available to delineate additional potential oil and gas structures in the targeted areas.
* P10 resources of 25.17MBmm barrels of oil based on the Miller & Lents independent Reserves Report.
About Arcland Energy Corporation
Tuesday NEWS-
Tue Apr 26 2011 11:23:58 AM EDT
BusinessWire, GlobeNewswire and PR Newswire News
Arcland Energy Corp ACLY:OTC
Arcland Energy Executes MOU with Russian Company for Kumskaya Neft.
PR Newswire
11:23 AM ET
Arcland Energy Corporation (OTC: ACLY), an independent oil and gas company, is pleased to announce the execution of a Non-Binding Memorandum of Understanding ("MOU") with the Russian company ZAO Neftemontazhspetsstroi ("ZAO") to acquire a 74.99% ownership interest in Kumskaya Neft, LLC ("Kumskaya Neft") aprivateindependent oil and gas exploration and production company in the Russian Federation. The MOU facilitates the terms of the acquisition between the companies and relates to the completion of final exploration and the construction of infrastructure on the Kumskaya Neft oil and gas production project, located in the Khanty-Mansy Region of the Russian Federation. In addition, Arcland will maintain the rights to develop, own, operate and manage a pipeline project reserved for its own oilfields and other targeted areas in the Russian Federation. An updated reserve report related to the Kumskaya Neft project, prepared by Miller & Lents, is expected t o be completed before the end of the second quarter 2011.
Highlights
* Proposedacquisitionwill create a joint American-Russian oil subsidiary company with twocore areas; exploration and production;
*Kumskaya Neft owns 100% of the interests in the targeted areas of exploration;
* 2D and 3D seismic reports are available to delineate additional potential oil and gas structures in the targeted areas.
* P10 resources of 25.17MBmm barrels of oil based on the Miller & Lents independent Reserves Report.
About Arcland Energy Corporation
Just a couple of quick question to Matt last night....
Responses below.
Matt
--------------------------------------------------------------------------------
From: Nick
Sent: Monday, April 25, 2011 7:03 PM
To: 'Matt O'Bryant'
Subject: Think things are coming together
Matt, how things going.......think they are coming into place?
We’ll see. Things are moving forward but I’m not sure how much resistance I’ll get from ACLY.
Is RP on to something here, sure sounds like it?
If you are referring to ACLY and the Kumskaya Neft, LLC acquisition, I have reviewed the Miller & Lents report (noviteh72.ru/media/blogs/invpred/miller%20en.PDF)
from 2009. My review of the KN Reserve Report shows the following data:
P10
Proved = 3,278,000 BBL
Probable = 2,701,000 BBL
Possible = 19,199,000 BBL
Total = 25,178,000 BBL
P50
Proved = 3,278,000 BBL
Probable = 2,701,000 BBL
Total = 5,979,000 BBL
P90
Proved = 3,278,000 BBL
Total = 3,278,000 BBL
You getting things line up and are you anticipating the ACLY event?
I’m positive that good things will come, but I won’t believe it until I see a check or leasehold returned.
How long do you suspect this will trickle down to PGPM....money wise if at all in the near future.
Good question. I don’t know for sure. As a shareholder/representative I’m aiming for asap.
The cross bones..........a sore subject........when lifted?
When asset sale completes or new monies come in for services I will take care of this and as many other liabilities of the company as possible.
Nick
So where are you at with this.........were you in on this in the beginning? You know you prolonged the major sell off by investors by posting your crap and I even sent money your way......where you at now??? Give me my money back......scumsucker!
You and NUBV Man...........god what a good con...........are you part of the business as well?
ncpti
If RP can get this deal done....it will pull up PGPM something big, despite what happened in the past.
Maybe this was the plan all along as my research started in 08 and they made a play for the Russian oil field that was assessed in 06.
Was this the plan all along????? To pull both ACLY and PGPM out of the dumps??? This is a play for the big leagues.....no doubt about it!
Now what happens to the leases that ACLY owes PGPM for......is there money, is there a return? Do they even need them now.......seems like this was a work of art in the making........one of those take care of them later! And it look like it is here!
ncpti
Do you think someone bought at the bid today...or was a sell based on investors trying to buy at bid??? Doesn't seem like as tight as the float is they would let a sell go as bid....Just thinking out loud...??? And we are talking about a small share count by the way! Maybe some of the free dividend shares???
ncpti
Things may start popping up here soon........keep and eye out!
ncpti
Things will be rocking and rolling here soon......JMO!
ncpti
It's Tuesday tomorrow......do you think ACLY will post a PR??? Tuesday were the favorite posting day! Is RP back yet from Russia? If not maybe next week!
ncpti
I agree.........!
ncpti
Masc, happy Easter to you as well and everyone else here!
ncpti
Cheers! Whoops......I forgot to send out a holiday quencher......LOL! Next time!
No drying up here.......just a miss......LOL
ncpti
LOL, don't bunch up........LOI just means within that time frame, can happen any time before that went they PR the results of such. When RP and Bullock get back from Russia the fireworks start to happen.......JMMMMMO! Remember ACLY has to put out their financials along with settling with PGPM for the backing to go through! There is no pump and dump........ACLY has no share to dump and every one that holds them will profit...big time when this is completed! That includes PGPM with their 12mil plus shares!
caboom!
ncpti
Well I guess you can think what you want.....but the financing of 125mil, doesn't qualify for default!
The ententes behind the financing would have made sure things were right!
Just doesn't happen here....JMO!
RP made a big break in the big leagues and looks like a big success........come shortly!
Read what you want into this.........my money is here. And then some!
ncpti
LOL, actually I can't hear anymore......something about cupped at the ears........am I damaged...LOL!
ncpti
No, they are all yours........we didn't do anything for them except wait for a few years. LOL
RP must have been busy on this deal for a long time because you don't just do this overnight......put everything aside and worked this Russian thing and will make it happen!
The next few weeks or so will be the tell tail of the events. My guess is where my money will be! Win or lose!
Scared money never made money! My down side is just a slap up side the head by the wifey......numb there anyway! LOL
ncpti
I see three way to win from where I am sitting.........well come Monday.............the she@ts....no trading on good friday! LOL
ncpti
Hammer on the nail.............!
ncpti
Remember your dividends here are green!
ncpti
Ok bud.......where you at with this...have you been doing some DD? Let me know what you find!
I know Bud, all I said was the LOI was not fake, it is material fact because it was posted in an 8K.
You said it was easy to fake!!!!
Yes, the deal can fall through for any reason.
Now when you start to put together all the other paper, declarations of fund source, new accountants, independent accountants, applications to SEC, trips to Russia, meeting with Russian finance ministers, Russian money and players involved, pipe line to build by Russian finance,
funds to operate.....there is much more......
highly doubt the deal will fall! JMO
ncpti
Quote:
--------------------------------------------------------------------------------
Some interesting dialog today. Did anyone minds change or is everyone still the same.
Well I know your not asking so I'll volunteer. My mind hasn't changed. Still for the Arcland deal and Pilgrim to ride on Arclands coat tails.
--------------------------------------------------------------------------------
I haven't changed my mind about PGPM one bit. SOON will SOON be upon us, especially with the Arcland deal being involved.
JMO
2hars
My mind has changed.....I'll be buying a bigger boat! Always was going to have PGPM buy my new boat......now, it will be a bigger boat! LOL
ncpti
Then again after second thoughts just might leave them locked for awhile.....after all they are already green! LOL
ncpti
LOL, hard to get anyone to waive fees in this day and age...I have the forms filled out and just going to let TDA handle it. I am sure whatever they charge...50 handling fee, transfer agent's fee and possible attorney letter fee...will eventually be a drop in the bucket. And yeah I didn't check the box where it said current on financials...LOL!
My Son before he became a correctional officer worked for Haliburton on a fracking rig. He like that type of work and the money....but didn't like the long hours and shift shuffling.
ncpti
This will be better than a gold mine, get your shares unrestricted...don't sit on the fence too long.
ncpti
ACLY said they would file Form S-1.........doesn't look like a walk in the park. Looks like the bean counters will be busy......high level of disclosure here! They are on there way...jmo!
http://www.sec.gov/about/forms/forms-1.pdf
ncpti
Thanks 567, seems like a brilliant move and play.......should be very beneficial to all concerned!
ncpti
But that is the MM spread......where do you go with that??
ncpti
As long as we are rambling big D-
1. Maybe this is three years in the making? Doesn't seem like something like this just happened last week.
2. Been working the big deal, take care of that later.......
the second 2. Remember they got dropped down board, no reporting requirements.....take care of that later........
3. Gustafson Report won't change.....it will be there when needed, been working on the big deal to make way more and drag PGPM as well.....take care of details later......
4. Because....he is PGPM, he didn't hurt for money, he controls being Chairman what goes, is, would be, ....etc. Put PGPM on hold...take care of them later..........
Few more things....
Texas SOS......just a filing fee....plus penalties......take care of them when needed.......later
LOL just messing with you Dallas.....how far off do you think I am???
ncpti
I am wondering...is the Russian economy and property value/lease value there in some hurt??? I heard somewhere that they are looking for outside investment community to come in and start to stimulate industry and such! Has anyone researched this yet?
ncpti
Nice!! Missed that.......so much for my extensive DD LOL
ncpti
Yes it is.......and looks like PR won't delute the stock..he's already got the financing in place....don't need money from us little stock holders. Most of the stock is already held by the inside!!!! Big plus here!
ncpti
Yep, thats right. Now we will find out all the details of their financials......something we have been waiting for, for such a long time.
Now the shares of ACLY we got may just be worth something after all! Not only to us but PGPM as well!
ncpti
Since the new news, can we speculate on the two board members that were dropped....which ones???
ncpti
If any at all, wouldn't be much as the lending instutition would greatly frown on that one!!!
ncpti
LOL, every bit of real news...should start dropping the date and soon you will be right on target! LOL
ncpti
I know Bud, all I said was the LOI was not fake, it is material fact because it was posted in an 8K.
Yes, the deal can fall through for any reason.
Now when you start to put together all the other paper, declarations of fund source, new accountants, independent accountants, applications to SEC, trips to Russia, meeting with Russian finance ministers, Russian money and players involved, pipe line to build by Russian finance,
funds to operate.....there is much more......
highly doubt the deal will fall! JMO
How do I know this...MY extensive DD.
You can piss and moan about RP all you want, we all have! But this time he is pulling ACLY into big time and PGPM will ride the wave!
ncpti
ACLY NEWS!
Wed Apr 20 2011 2:01:37 PM EDT
BusinessWire, GlobeNewswire and PR Newswire News
Arcland Energy Corp ACLY:OTC
Arcland Energy Announces Engagement of New Accounting Firm, Changes in Directors and Company Update
PR Newswire
1:58 PM ET
Arcland Energy Corporation (OTC: ACLY) announced that the Company's board of directors has engaged the accounting firm of M&K CPAS PLLC ("M&K") as its new independent registered public accounting firm. Additionally and in compliance with Securities Exchange Commission ("SEC") regulations pertaining to a "Change of Control," the Company acknowledges the departure of two of its directors, a reorganization of the Company, and the commencement of completing an audit of the Company's financial statements for the fiscal years 2008, 2009 and 2010. At the conclusion of the audit, the Company will become current in its reporting requirements including the annual report on Form 10-K. Arcland plans to file Form S-1 with the SEC to recapitalize the Company for expansion in accordance with the current business plan.