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ur up early
so go to beacon st its theres a donut shop get a coffe
great the snow is melting yay
iam allways ready to make money
not bad market sucks as allways
SPNG
looking better
looking good
yes repost them
i agree
thnx
lets rock
PSPF & SPNG
missed you too
better then ever ready to rock
making $$
soon very soon
under the snow
If you examine the 10 Q as reported to the SEC as of November 30, 2008 please note that the company has a very strong balance sheet and reflects in excess of a 18 to 1 current ration. Total current assets are 17.4 million with current liabilities of less than $950,000. No bank debt and is in my opinion able to finance its own internal growth by the profits the company is generating
Again, lets get the facts correct and please do not make statements that Old Momouth Stock Transfer gave you this information as I have check with them and there policy is to refer these type of calls directly to the company.
You have bad information with reference to the shares authorized and issued and outstanding. Here are the real numbers. Please look at the last 10 Q for six months ending November 30, 2008 as filed with the SEC which reflects 943,039,315 shares issued and outstanding. In addition, there is 1,000,000,000 shares authorized. As of now there are approximately 700,000,000 shares issued and outstanding as per the transfer agent for the company. I believe your should get your facts correct
NEWS is out
NEWS
Pinnacle Energy Corp. Moves Forward with Diversification Strategy
Monday February 23, 5:30 am ET
Oil & Gas Enterprise Begins Formation of Royalty Land Company, focusing on Acquiring Coal and Coal Bed Methane Reserves
CALGARY, Alberta--(BUSINESS WIRE)--Pinnacle Energy Corp. (OTCBB:PENC - News), an independent oil and gas producer, today announced that the company is moving forward with its previously announced diversification strategy, focusing on land management and coal. Pinnacle has entered into a non-binding Letter of Intent (LOI) to form a royalty land company with Clayton Resource Partners, an organization that will lead Pinnacle’s foray into the market for coal and coal bed methane. Pinnacle and Clayton Resource Partners are currently in the final stages of Due Diligence, and both parties expect the transaction to close within 30 days.
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Following execution of the LOI, Pinnacle Energy’s initial primary purpose will be to acquire coal and coal bed methane reserves, located in key strategic coal basins in the United States. By “blocking up” mine-able reserves via acquisition, the company’s plan is to build significant long-term value for shareholders and business partners and create a steady revenue stream. Additionally, the reformed company will serve as a vehicle for Pinnacle to potentially “roll up,” or aggregate privately held land companies that have exploitable coal reserves.
“We are excited about the planned agreement with Clayton Resource Partners,” said Nolan Weir, Pinnacle Energy President and member of the company’s Board of Directors. “We feel that current and future marketplace dynamics within the coal industry will help Pinnacle steadily grow revenues, profit and balance sheet assets that will lead to increased shareholder value over time.”
Further details on the re-formed company will be released when the transaction closes, including potential changes to the company’s management team and corporate structure. In addition to pursuing the company’s interests in coal, Pinnacle Energy will continue to fully exploit the company’s existing oil and gas properties.
About Pinnacle Energy Corporation:
Formerly named Gas Salvage Corp., Pinnacle Energy trades under the OTC symbol PENC. Pinnacle Energy’s key assets include six wells located in Pawnee County, Oklahoma, USA, producing sweet crude oil and natural gas. More information about the company may be found within filings made with the Securities and Exchange Commission.
Pinnacle Energy Corp. is an independent oil and gas producer focused on acquiring and developing mature oil & gas producing assets. Pinnacle Energy Corp. is headquartered at 333 River Front Ave., Suite 153, Calgary, Alberta, T2G 5R1, Canada and can be contacted at 866-822-0325.
Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. These forward-looking statements are based on management’s belief and assumptions derived from currently available information. Although Pinnacle Energy Corp. believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to be correct. Actual results could differ materially from forward-looking statements expressed or implied herein as a result of a variety of factors including, but not limited to: a decline in the price of, or demand for; coal, coal bed methane, oil and gas, general economic conditions; other financial, operational, and legal risks, and uncertainties detailed from time to time in Pinnacle Energy Corp.’s SEC filings. Pinnacle Energy Corp. does not undertake any obligation to publicly update forward-looking statements contained herein to reflect subsequent events or circumstances.
Contact:
Media and Investor Relations Contact:
Pinnacle Energy Corp.
Soames Haworth, 858-764-4346
shaworth@pinnacleenergycorp.com
PENC NEWS
Pinnacle Energy Corp. Moves Forward with Diversification Strategy
Monday February 23, 5:30 am ET
Oil & Gas Enterprise Begins Formation of Royalty Land Company, focusing on Acquiring Coal and Coal Bed Methane Reserves
CALGARY, Alberta--(BUSINESS WIRE)--Pinnacle Energy Corp. (OTCBB:PENC - News), an independent oil and gas producer, today announced that the company is moving forward with its previously announced diversification strategy, focusing on land management and coal. Pinnacle has entered into a non-binding Letter of Intent (LOI) to form a royalty land company with Clayton Resource Partners, an organization that will lead Pinnacle’s foray into the market for coal and coal bed methane. Pinnacle and Clayton Resource Partners are currently in the final stages of Due Diligence, and both parties expect the transaction to close within 30 days.
ADVERTISEMENT
Following execution of the LOI, Pinnacle Energy’s initial primary purpose will be to acquire coal and coal bed methane reserves, located in key strategic coal basins in the United States. By “blocking up” mine-able reserves via acquisition, the company’s plan is to build significant long-term value for shareholders and business partners and create a steady revenue stream. Additionally, the reformed company will serve as a vehicle for Pinnacle to potentially “roll up,” or aggregate privately held land companies that have exploitable coal reserves.
“We are excited about the planned agreement with Clayton Resource Partners,” said Nolan Weir, Pinnacle Energy President and member of the company’s Board of Directors. “We feel that current and future marketplace dynamics within the coal industry will help Pinnacle steadily grow revenues, profit and balance sheet assets that will lead to increased shareholder value over time.”
Further details on the re-formed company will be released when the transaction closes, including potential changes to the company’s management team and corporate structure. In addition to pursuing the company’s interests in coal, Pinnacle Energy will continue to fully exploit the company’s existing oil and gas properties.
About Pinnacle Energy Corporation:
Formerly named Gas Salvage Corp., Pinnacle Energy trades under the OTC symbol PENC. Pinnacle Energy’s key assets include six wells located in Pawnee County, Oklahoma, USA, producing sweet crude oil and natural gas. More information about the company may be found within filings made with the Securities and Exchange Commission.
Pinnacle Energy Corp. is an independent oil and gas producer focused on acquiring and developing mature oil & gas producing assets. Pinnacle Energy Corp. is headquartered at 333 River Front Ave., Suite 153, Calgary, Alberta, T2G 5R1, Canada and can be contacted at 866-822-0325.
Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. These forward-looking statements are based on management’s belief and assumptions derived from currently available information. Although Pinnacle Energy Corp. believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to be correct. Actual results could differ materially from forward-looking statements expressed or implied herein as a result of a variety of factors including, but not limited to: a decline in the price of, or demand for; coal, coal bed methane, oil and gas, general economic conditions; other financial, operational, and legal risks, and uncertainties detailed from time to time in Pinnacle Energy Corp.’s SEC filings. Pinnacle Energy Corp. does not undertake any obligation to publicly update forward-looking statements contained herein to reflect subsequent events or circumstances.
Contact:
Media and Investor Relations Contact:
Pinnacle Energy Corp.
Soames Haworth, 858-764-4346
shaworth@pinnacleenergycorp.com
nope no shorts it just a POS
hope so lol
ok thnx watching
very busy
good how are you
it feels like monday
its monday
Good morning all
Great check out PSPF
looking good
great
i agree lets go
great and u
GM how we doing today
Good morning everyone