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I think we shall see a very good 2014 with grpr.
I came across this article today and thought it might good to share. The technology may prove to be useful for our 4000+ acres in the Monterey/Kreyenhagen Shale.
Despite numerous advances in the world of energy — like fracking and multi-well drilling — there's STILL an alarming amount of oil in the ground we've had no idea how to extract.
If this sounds like something you've heard before, you're right.
As the amount of easily accessible oil on our planet disappears, we're forced to innovate to find new ways of getting at oil no one ever thought we'd be able to harvest.
But that's no longer the case.
Thanks to a unique process that uses carbon dioxide as a catalyst — a process I call Energy CO2 — experts have found a way to siphon billions more barrels of oil that were once left for dead.
In short, Energy CO2 is the last remaining innovation on the oil frontier — the one way of retrieving oil that no other method on the planet can replicate.
It's the answer to Obama's recent plea: "This country needs an all-out, all-of-the-above strategy... that develops every available source of American energy."
Well, the only way of doing that as of right now is by using Energy CO2.
That's why right now oil itself is playing second fiddle — because it's not worth a wooden nickel if we can't get it out of the ground.
So, we've set our sights on something else... something once-hated...
Carbon dioxide.
And it's created an investment opportunity unlike anything I've ever come across.
Let me explain...
400% Gains for Early Investors
The Department of Energy (DOE) has put a figure on the amount of oil that's now recoverable using Energy CO2.
137 billion barrels.
This equated to a $1.4 trillion influx for our struggling economy.
So, what's the holdup?
There's 20 billion tons in unmet supply of Energy CO2.
And the government will stop at nothing to get it — even if it means passing a bill on Capitol Hill to fund this energy saga.
In terms of economic and energy security, this means billions of dollars in new investment, and the production potential of an additional four million barrels of oil per day for the next 50 years.
You see, an additional four million barrels of oil per day will be siphoned from existing U.S. oil fields.
And that's a lowball figure. It could actually be much higher, as more left-behind oil reserves known as "residual oil zones" are discovered...
That's already a reality in oil fields in the Permian Basin and the most recent Monterey Shale Formation in California.
To get this remaining oil, the investment required would not just be in the oil fields themselves, but also in power plants... pipelines... and other industries that can produce Energy CO2 from their industrial processes.
Turning Danger into Big-time Profits
As I said earlier, Energy CO2 is the capturing of once-hated and rejected carbon dioxide (CO2) from the atmosphere and using it for the greater good of getting billions of barrels of "left-behind oil" from the ground.
In short, we're getting more oil out of the ground while reducing the culprit of greenhouse effects and safely injecting it into the ground to force oil out of hidden pockets.
Cutting edge? Yes.
Is it safe? Yes.
I'll show you proof of how safe it is in a bit.
And I can tell you this much: For once, environmentalist, politicians, energy experts, and geologists are ALL on the same page of this new energy opportunity.
But the carbon dioxide that exists in the atmosphere is not enough...
That's why the government is ready to spend billions in tax breaks to companies that can "produce" the stuff and store it safely.
This is not a new idea or some pie-in-the-sky illusion; Energy CO2 has been used successfully on a small scale in West Texas since 1972.
Pumping pressurized Energy CO2 deep underground into depleted oil fields forced up 200,000 barrels of oil per day... oil that would otherwise be unrecoverable, according to a U.S. Chamber of Commerce document.
Only now it's taking a more significant role as new mega-fields like the 400-billion-barrel Monterey Shale Formation in California are developed...
Due to California's shifting tectonic plates, the Monterey is an oil field with a complex geology. Traditional drilling could prove difficult in some areas. And this could lead to billions of barrels of lost oil.
You see, when an oil reservoir is first produced, the pressure that exists below the ground provides the energy for oil and gas in the rock to easily move to the surface.
After a while, the pressure lessens, and 60% of the oil remains in the ground as residual oil.
Unlike other oil extracting technologies, Energy CO2 recovers this lost oil.
Here's how the process actually works...
How Does This Environmentally-Friendly Oil Extraction Process Work?
First, a pipeline delivers the CO2 to the oil field at high pressure, and is injected into the oil field at strategic points.
Once the injected CO2 enters the reservoir, it moves through the pore spaces of the rock.ei-monteryshale-02
As a solvent, it mixes with droplets of crude oil, pushing the oil towards the oil bank then into the oil well above the ground.
In terms of energy security benefits, Energy CO2 sounds almost too good to be true. But it's even better because of its many environmental benefits...
Energy CO2 uses very little new land for production and can reduce CO2 emissions that would otherwise be released into the atmosphere. Talk about a win-win situation.
Any CO2 that escapes with oil and natural gas is captured, then reinjected to maximize its value.
You might ask, "Won't the carbon dioxide leak from underground and cause problems?"
Not at all. Experts calculate the rock formations are likely to retain over 99% of the injected CO2 for over 100 years, according to the Department of Energy.
This process is environmentally safe, yet recovers billions of barrels of oil that would otherwise be lost.
Energy CO2 to Be Deployed in the 400B-barrel Monterey Oil Zone
The government and its geo-engineers have reviewed all shale plays in America, whether old or new, through an 82-page document called, "Review of Emerging Resources: U.S. Shale Gas and Shale Oil Plays."
And when the U.S. Energy Information Administration released this obscure document, it didn't exactly make waves — except within a small community of geologists and petroleum engineers who noticed the significance of what was at stake...ei-monteryshale-03
And one of the oil fields that took center stage is the Monterey Shale play in California.
This new oil formation is so rich — and so huge — it holds a mind-blowing 400 billion barrels of crude, with 15.3 billion barrels readily recoverable with today's drilling technology.
But what will happen to the other 384.7 billion barrels? If it can't be extracted, it will just lay there in the ground.
That's why Energy CO2 is so significant.
Let me show you why the Monterey oil zone is so important — and what it could mean for early energy profits over the next 12 months...
The realization of Energy CO2 and shale discoveries like the Monterey has the American government "singing the song" of energy independence.
It really is the perfect combination, if you ask me. Here's why...
If you add up the 7.4 billion recoverable barrels from the oft-mentioned Bakken Formation in North Dakota with the 4.3 billion barrels from Eagle Ford in South Texas... then DOUBLE it... you may get close to the number of recoverable barrels of oil trapped in the heart of the Monterey.
Heck, if you consider the 400 billion barrels altogether, it could possibly equal half of all the oil in the entire country of Saudi Arabia — and MORE than the oil found in OPEC renegades like Iran and Venezuela.
It's no surprise that energy economist Phil Verleger says, "Energy self-sufficiency is now in sight."
Even the International Energy Agency, which advises industrialized nations on their energy policies, said the global energy map "is being redrawn by the resurgence in oil and gas production in the United States."
This alone presents decades of retirement income for investors who know how to play this opportunity...
Enough money to pay for your mortgage, a dream vacation, your kids' education, and even spoil yourself with some expensive toys.
But as we speak, a covert operation is underway for oil companies to begin extracting the oil there... even while most Americans are oblivious to what seems to be the biggest moneymaking opportunity since the Eagle Ford and the Bakken!
Much like California's Monterey Shale is today...
Five years ago, hardly anyone had heard of the Bakken Formation in North Dakota. Fewer were aware of its potential.
It wasn't talked about in the Wall Street Journal or Forbes, and it certainly didn't make the evening news.
It was early 2007 when I visited the Bakken... Very few locals talked about North Dakota oil back then. It was a hush-hush affair. No one even knew America had so much oil!
That was around the same time a company called EOG Resources was drilling their first Bakken well, which kick-started that year. (Just 15 months later, shares of EOG climbed 100%).
And I'm ready to bet the farm the same profits will flow out of the Monterey — especially with a breakthrough like Energy CO2.
The White House will stop at nothing to get as much oil out of the ground as possible, whether through fracking or Energy CO2.
President Obama is promoting the development of natural gas and crude oil as an economic resource, and he's formed a special "task force" this year to avoid federal rules that would slow down oil extraction processes...
In other words, the White House wants this oil on the market in a hurry.
We're talking about billions, even trillions, of dollars here.
Quite frankly, I never trust the judgment of politicians. But when the government throws its weight behind an entire industry, you can bet early investors are smiling all the way to the bank...
"Oil companies are quietly buying up mineral rights and drilling holes in the earth northwest of Bakersfield." — CNBC
With oil prices remaining high, companies are buying up leases on federal land, sometimes bidding more than a thousand dollars an acre in auctions that used to fetch the minimum of $2.
According to a story buried in the New York Times... one particular landman, Mr. Ormond, bought leases on more than 10,000 acres of federal land in an auction organized by the Bureau of Land Management.
The Bureau auctioned over 17,000 acres across 79 parcels in three counties — Monterey, San Benito, and Fresno — and brought in $190 million from the lease of federal lands alone.
"We are required to put those up for lease periodically," said the Bureau's Rick Cooper, as his agency has a mandate to auction off mineral rights whenever there is interest. And right now there's A LOT of interest...
It's all part of the government's plan to get every drop of oil out of the ground, one way or another.
Now, regardless of how many companies occupy real estate in the Monterey Shale Formation or other Energy CO2-applicable oil fields, I've come across one energy company that is a force to be reckoned with...
EXTENDED HOURS:
Last: 0.0004 Change: 0.0001 (+33.33%) Bid: 0.0003 x20,000 Ask: 0.0004 x10,000 Extended Hours:
Real Time Extended Hours Quote Last Trade as of 3:47 PM ET 12/3/13
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.0003 -0.0001 (-25.00%) 0.0003 x20,000 0.0004 x10,000 0.0003 - 0.0004 21,086,548
OTCQB Real Time Quote Last Trade as of 3:47 PM ET 12/3/13 Extended Hours Quote and Chart: Show|Hide
Open 0.0004
Previous Close 0.0004
52 - Week Range 0.0001 - 0.0036
6/12/13 - 12/3/12
Avg Volume (10 days)34,028,959
P/E (Trailing 12 mo.)--
EPS (Trailing 12 mo.) --
Next Earnings Date--
Market Cap 410.7 K
Shares Outstanding 1.4 B
Beta 0.0
Dividend Yield --
Dividend --
Ex-Dividend Date --
Dividend Payable Date --
KansasCityPete, this is the last update as of 11/19. We're now waiting on news of the Texas lease acquisitions and other material developments in the Cali projects. I sure wish they'd speed this process up.
Grid Petroleum Corp Provides Texas Update
Grid Petroleum Achieves California Operator Permit
DENVER, CO, Nov 19, 2013 (eTeligis.com via COMTEX) Grid Petroleum Corp. (OTCQB: GRPR): The Board of Directors are pleased to announcing that Grid Petroleum has entered into the final documentation stage of negotiations with the leaseholders of two thousand acres of land in Duval County, Texas for the purpose of Oil and Gas development and exploration.
The company previously announced a significantly shorter time frame for the contracting of this lease hold however due to the number of individual leasehold owners involved the process has proven to be timelier.
The company has final documentation out for signatures at this time and expects that completion will be achieved in the near future.
The company plans to immediately begin the mapping planning and drill site selection process for the development of the leasehold upon completion of documentation. The company will be the Operator of this leasehold
The primary target production zones in Duval County are the Frio, Hockley, Wilcox and Yegua sands with deeper production from the Eagle Ford and Jackson shale formations.
California Update:
The company is pleased to announce that it has achieved its Operators Permit for the State of California. Operator number G3570
The company is completing negotiations with its joint venture partner regarding the company achieving operator status of certain joint holdings in order to expedite leasehold development schedules.
The company expects to provide a complete update and timelines for its California holdings upon completion of negotiations.
Filings update:
The company expects to complete and file its 10q by end of business November 19, 2013
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
Contact:
www.gridpetroleum.com
702 751 3889
I'm still adding too.
Lol. go GRPR..
They must've liked you more.
not bad for a Thursday.
What's your guess..institutional buying or short covering?
Thanks for sharing buffalo2222. Now we know they're listening again. News coming soon..
someone's out to make some serious money soon..
I've got some of those too, but I've greatly reduced my overall average. I feel pretty certain we'll visit that range before too long.
Great data, thanks. Barchart's opinion: BUY
http://www.barchart.com/opinions/stocks/GRPR
Grid Petroleum Corp (GRPR)Follow + Alert + Portfolio
0.0008+0.0003 (+60.00%) 3:43P EDT (OTHER OTC)
Detailed Opinion as of Tue, Oct 15th, 2013 View Help
Detailed OpinionShow Signal Strength and Direction
Composite Indicators Signal
Get Chart Get Performance TrendSpotter Sell
Short Term Indicators
Get Chart Get Performance 7 Day Average Directional Indicator Buy
Get Chart Get Performance 10 - 8 Day Moving Average Hilo Channel Buy
Get Chart Get Performance 20 Day Moving Average vs Price Buy
Get Chart Get Performance 20 - 50 Day MACD Oscillator Sell
Get Chart Get Performance 20 Day Bollinger Bands Buy
Short Term Indicators Average: 60% Buy
20-Day Average Volume - 52,898,770
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Get Chart Get Performance 40 Day Commodity Channel Index Hold
Get Chart Get Performance 50 Day Moving Average vs Price Hold
Get Chart Get Performance 20 - 100 Day MACD Oscillator Sell
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Medium Term Indicators Average: 0% Hold
50-Day Average Volume - 53,012,305
Long Term Indicators
Get Chart Get Performance 60 Day Commodity Channel Index Hold
Get Chart Get Performance 100 Day Moving Average vs Price Buy
Get Chart Get Performance 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% Buy
100-Day Average Volume - 39,990,500
Overall Average: 32% Buy
Price Support Pivot Point Resistance
0.0008 0.0002 0.0004 0.0006
Click on the indicator for a graphical interpretation, or visit the Education Center for information on the studies.
Agreed. A retired oil engineer said over a year ago that you just have to tune out the "noise" on the board and add to your position when shares go on sale. Playing a small exploration/developmental company like GRID takes alot of patience to ride out the ups and downs. Very little happens on schedule.
I wanted a few more before close for my pile and it looked like no one was getting the 3's. I hit the ask for 780k and got them immediately.
Peter, I called Solimar's office and the person who answered didn't have any specific information regarding Grid's acreage. The correct person to talk to was out of the office but she did say that there is alot of drilling and activity taking place out there on Solimar's leases as we speak.
I'll try later and let you know.
I wish we had someone living in California that could go visit Solimar's office in Ventura and ask to see Grid's leases first hand.
They may be able to out to the San Joaquin and get some pictures of it and see any activity for themselves.
Solimar Energy LLC
121 N Fir Street # H
Ventura, CA 93001
Phone: (805) 643-4100
Web: www.solimarenergy.com.au
That'd be a stupid move to sell that much that low. People were buying all day at the bid.
nice car..
I want to see a new Corvette under my tree this Christmas..lol
Here's an ask slappage of 4.19mil.
They do but said they aren't going to cater to any single group of investors for the sake of releasing news.
very true. there's definitely risk involved with any small explorer stock whether it's in oil or gold/silver. anybody that did a thimble's worth of DD will know about the negatives in the past of this stock.
same for me too tob. another 4 or 5 mil. tomorrow.
Solimar update from a day or two ago.
Solimar Energy Limited: Corporate Update
Solimar Energy Limited ("Solimar" or "the Company") (ASX:SGY)(TSX VENTURE:SXS)
is pleased to announce that the Kreyenhagen Ranch 8-33 well (K 8-33) was
successfully drilled and reached TD at 1,590 feet measured depth on September
21st. The well was directionally drilled up to a 48-degree angle, logged and
cased. Preliminary analysis indicates that approximately 900 feet gross measured
depth of the Temblor Sand Formation was encountered.
Forward plans are to move in a completion rig in due course to perforate and
production test both K 8-33 and the previously drilled K 2-33 to obtain fluid
samples for use in detailed log analysis and reservoir modeling.
Takes lots of patience in these oiler stocks. Nothing happens quickly or on a set schedule.
Reading the corporate presentation, it looks like Solimar planned to do the 3D Seismic survey of the Kreyenhagen shale this year. It should have been started during the 1st half of 2013 and then finished in the second half. I bet they'll not make the results public till they have all the land they want.
http://www.solimarenergy.com.au/documents/Corporate_Presentation_March_2013.pdf
yea, I think they were hit up with tons of questions is early August. That's just after they came out of their silence and said they would post meaningful updates when they were able.
bobbie, no that's an old response from IR. It was dated Aug 3 in my mailbox. Remember at that time IR was answering investors' questions on the weekend.
Investor Relations <ir@gridpetroleum.com> Aug 3
This is my response from IR on Aug 3 on that same question.
Hello xxxxx;
Thanks for your faith in the company!
To answer the NW Premont issue, the company will not be involved in any dealings with Progas or Dan Polk or his affiliates. They are just bad operators through and through. The company is in process of exploring litigation options against the entire pack.
As for WTO prospects the company has a few potential leases that are under review however nothing is contracted.
As far the Operators license, that will be re instated at that time.
Texas will be revisited after California is developed further.
Please look for news Monday and the following weeks.
Thanks for your support.
IR.
I don't think Solimar has ever said who their other JV partners were either. Right?
I see Solimar just released an update.. hopefully we'll see news from Grid soon.
http://ih.advfn.com/p.php?pid=nmona&article=59277768
If you want to do some good due diligence on this, go back read Wildcatdriller and Screaming Eagle posts from 2011 or so. These guys know the oil business.
Big Arlen, here is the last reply I received from investor relations on August 29th after I asked about the pending news.
Thank you for your e mail.
Thanks for your support, the company is heading into new and exciting areas.
Regarding the anticipated press release of August 26, 2013.
The company had anticipated that it would be issuing a press release regarding the Kreyenhagen Trend Prospect however at the request of the joint venture partner, and in compliance with contractual obligations, the company is delaying the particulars of that release until further notice.
The company will be updating the shareholders as soon as possible regarding developments in the Kreyenhagen Trend acreage and other field developments.
Regards;
IR.
I personally interpret this to mean that there have been positive developments in Cali and elsewhere that can't be disclosed yet.
good reading..hold onto your shares.
Monterey Shale, Oil Shale Opportunity, Much Bigger Than the Bakken or Eagle Ford
Thursday, August 22, 2013 · Posted in Oil & Gas, OIL & Gas Companies · by Peter Epstein
Keith Schaefer, article from Stockhouse.com August 19, 2013
The EIA released a study in 2010 that pegged the Monterey as having over 15 billion barrels of technically recoverable oil. Production from the Bakken and Eagle Ford make up 80% of the two million barrels produced in the U.S. Together, these two plays have turned U.S. oil production on its head. A steady multi-decade decline in American oil production has not only been stopped, but production is actually growing.
But neither the Bakken nor the Eagle Ford is the biggest shale play in the U.S. Not even close.
That title rests with California’s massive Monterey Shale. The Monterey is two times larger than the Bakken, and four times the size of the Eagle Ford. Drink that in for a moment….
The EIA released an attention grabbing study in 2010 that pegged the Monterey as having over 15 billion barrels of technically recoverable oil. The next largest plays (according to the EIA) are the Bakken with 7.4 billion barrels and the Eagle Ford with 3.4 billion barrels, respectively.
The EIA estimated the technically recoverable shale oil resources in the onshore lower 48 states at 23.9 billion barrels. That means that the Monterey’s 15 billion barrels represent more than 60% of the total shale oil in place for the entire country.
This Investment Opportunity is Obviously Huge
A seismic stunner. For decades, seismic has been the world’s best-known method for finding new offshore oil and gas formations. Still, the costs can range into the millions of dollars, and the time spent can be years. That’s why one company developed a brand-new way to find the world’s next big frontier energy plays… both cheaper AND faster.
And, not only are two of the biggest energy companies in the world using this innovative technology… They’re using it with dramatic success. That’s why the company that developed the technology has seen its share price rise more than 100% in the last 90 days.
And — with more of the world’s energy producers realizing just how much they can benefit from using this technology — these 100% gains could be just the beginning for investors. The Monterey is located in a 1,750-square-mile chunk of California, mostly in the lower San Joaquin Valley. This region was the site of a major oil boom in the early 20th century and continues to produce today.
The Monterey is the prolific source rock for almost all of the oil in the state of California. This includes producing giant fields such as the Kern River, Elk Hills and Midway-Sunset among others. These plays still have California ranking as the fourth largest oil producing state in the U.S.
So if the Monterey is so enormous, why isn’t it front page news like the Bakken and Eagle Ford? Why is the Monterey not contributing to the two million barrels of production United States is enjoying from unconventional oil plays?
The answer is that “it is complicated.” What I mean is…the Monterey is complicated.
Production in the Monterey Shale has not exploded like the Bakken and Eagle Ford because it is geologically more inconsistent, or variable, than the first two—the Bakken and Eagle Ford, which are very consistent and repeatable across the entire play.
The Monterey was deposited at the edge of the North American continent as it broke up—so it has had all kinds of shifting and faulting that other shale plays haven’t. This actually has one very important positive: the result of all that seismic activity is that the rock in the Monterey is already naturally fractured. The tectonic forces opened up the rocks so that the oil was free to migrate.
But it does make the Monterey more unpredictable…and knowing where to place horizontal well difficult.
Bakken drillers can easily locate the precise interval to hit with a horizontal well. In the Bakken you are breaking those rocks open for the first time which allows the oil to come out. The bottom line is that the Monterey is just a different beast than the Bakken and Eagle Ford. But the oil is unquestionably there—the industry is just trying to figure out how to tap into it.
Given the motivation created by America’s biggest oil prize of 15 billion barrels in place, you can bet they will.
Development of the Monterey Shale probably will follow the same pattern as most other shale plays in North America.
Sooner or later, one company will figure out the right recipe of drilling, fracturing and completing wells to make the play work. The most likely candidate to be the Monterey “code cracker” is Occidental Petroleum Corp. Occidental has not only a huge acreage position (900,000 acres) in the play, but also the deep pockets and time that will be needed to figure the play out.
Occidental believes it has already identified one significant 50 million barrel of oil unconventional discovery in the San Joaquin Basin. In the second half of 2013 Occidental will drill 15 exploration wells and gather significant 3D seismic data in an effort to expand the size of its productive California unconventional acreage.
The work that Occidental does in the second half of 2013 could be a major turning point for the Monterey play and all of the companies with acreage in it. One key to this puzzle could be “acidizing”—which isn’t used in the Bakken or Eagle Ford near as much—they frack instead.
Acidizing sends high volumes of hydrofluoric acid, a powerful solvent, into the oil well to dissolve rock deep underground, which allows oil to flow freely up through the well. Time will tell; but there are billions of dollars riding on cracking the Monterey code.
While cracking the Monterey offers massive potential for the oil producers involved, the biggest benefit could go to the people of California. A study by the University of California shows development of the Monterey could generate 500,000 jobs with the first couple of years and nearly 3 million within a decade.
Cash-strapped California meanwhile could stand to reap nearly $25 billion per year in oil-related tax revenues within the first decade of Monterey development. This play is clearly one to keep an eye on. With 15 billion barrels of oil in place it has potential to impact not just the companies involved and the State of California, but the entire continent.
I see solimar just jumped up 33%, news soon I hope?
Here's a video interview with the CEO of one of GRPR's neighbors in the San Joaquin. They're looking for JV partners.