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Barnett shale getting nationwide press.......
The following AP article appeared in my local (Hartford Courant)
newspaper yesterday...
------------------------------------
June 5, 2007 3:21 PM ETGas Wells Create Tension in Fort Worth
All Associated Press NewsFORT WORTH, Texas (AP) - With Fort Worth sitting on one of the nation's largest natural gas fields, 150-foot drilling rigs are rising over golf courses, churchyards, even tree-lined neighborhoods.
"If you don't have a gas well ... get one!" a billboard urges commuters zipping along a busy interstate near downtown.
But not everyone is celebrating the natural gas bonanza here, despite the 55,000 new jobs and extra $5.2 billion annually it is bringing to the North Texas economy.
Once confined to the lonely prairies, oil and gas exploration has gone urban. In Fort Worth, Los Angeles and other densely populated places, that sometimes pits neighbor against neighbor, forcing them to choose between preserving a tranquil neighborhood or cashing the monthly royalty checks a gas or oil well provides.
Some Fort Worth residents complain that large property owners are the only ones getting a windfall from the gas companies drilling under their land.
In some cases, entire neighborhoods are organizing to keep the wells out. They are worried about the drilling and extraction noise -- which can sound like a jet engine -- heavy truck traffic, decreased property values and explosions. An XTO Energy worker was killed last year in a gas well explosion in nearby Forrest Hill.
"Believe me, if people weren't getting money, nobody would want this," said Don Young, who founded Fort Worth Citizens Against Neighborhood Drilling Ordinance.
With U.S. demand for natural gas soaring, the city has 500 active gas wells and permits for an additional 225, including 70 now being drilled.
Drilling takes about a month of round-the-clock work, first vertically and then horizontally into a rock formation called the Barnett Shale thousands of feet below. Then comes a week or so of "fracking" -- the hydraulic fracturing process that breaks through the dense, black rock and unlocks the natural gas within.
Drilling-related squabbles also have erupted elsewhere. In Los Angeles, residents living near a 1,200-acre oil drilling site have complained of noise, vibrations and unpleasant odors. County officials recently halted new drilling for a year at that site until zoning and environmental issues can be studied further.
Fort Worth initially allowed gas wells within 300 feet of homes but recently extended the boundary to up to 1,000 feet -- depending on the permit type -- after getting noise complaints. The city also set noise limits and established fines of up to $2,000 a day for violations.
Mayor Mike Moncrief said the ordinance aims to protect residents' safety and quality of life during a "once-in-a-lifetime" opportunity.
"While we are reaping the benefits ... we continue to deal with challenges and have to work to tweak this ordinance to fit this industry, which is going to be with us for a long time," Moncrief said. "It appears the Barnett Shale play is going to be much bigger than anyone ever thought."
Because of the city ordinance, some rigs are close to homes but are not actually going up in anyone's yards. They are on highway medians, airport grounds and other public or private property. The towering rig is erected only during drilling; after that, it is taken down, and the only thing that remains is a 6-foot-tall well with horizontal valves, cordoned off by a fence.
To cut down on fracking noise, companies can put sound blankets resembling large, heavy quilts around the equipment.
Once the process is explained to homeowners, they figure, "It won't affect me and I'll make some money. Why wouldn't I do it?" said Larry Dale, president of Fort Worth-based Dale Resources, which has secured about 35,000 leases for Chesapeake Energy.
Gas companies are busy trying to secure landowners' permission to drill beneath their property.
Gas company representatives, called landmen, woo residents by knocking on doors and holding meetings in community centers and churches. When folks sign contracts to lease rights to their underground minerals, they immediately get a bonus check. Neighbors also share monthly royalty payments equal to one-fourth of the value of the gas extracted from under their homes.
For large property owners, the windfall is enormous. The 18,000-acre Dallas-Fort Worth International Airport received $185 million when it signed a lease last fall and stands to collect millions more in royalties.
But most homeowners get far less. The one-time bonus for a mineral lease on a typical residential lot rarely exceeds $500, with monthly royalty checks of $25 to $50 a month, depending on lot size, well production and gas prices.
At a recent meeting hosted by Dale's company, Hallie and John Pierce signed a contract and pocketed a $600 check.
The Fort Worth couple were assured their old oak trees would not be damaged during the drilling. They did not know how close the well would be to their property but weren't worried about safety or noise.
"I've lived near worse," Hallie Pierce said with a laugh.
The Pierces don't expect to get rich from the royalties, but said the money would supplement John Pierce's paycheck from his school-system maintenance job.
"I think it's exciting," said Hallie Pierce, a stay-at-home mother. "I think the whole thing will be good for the economy here."
Others aren't so sure.
Ten homeowner associations representing about 4,800 homes are none too thrilled about a gas company's plans to drill several wells near their tree-lined neighborhoods of houses built in the 1920s.
"What I'm really hoping is residents will just say no to the lease so we'll make it economically unviable for the company to drill there," said Liane Janovsky, a lawyer on a neighborhood association committee.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?Feed=AP&Date=20070605&ID=6996...
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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They should also get a nice chunk of change from asset sales.
GLTA.
lowman,
how many wells do they own?
TIA.
I don't bother getting involved with the day-to-day,
sometimes hour-to-hour, or even minute-to minute BS on these boards, but I'm loaded up and watching, waiting for the long term payoff which I believe is coming.
Very interesting "flex point" coming with this 10k,10Q situation, IMO.
We shall see.
GLTA.
So the K is due Friday and the Q is due Sunday, next week
should be fun.
GLTA.
TAKI
1. The filing day isn't over.
2. I expect they will file the late 10K before the 10Q.
3. Therefore they will prolly file an NT 10Q.
GLTA.
I'm looking at what they WILL BE producing, as opposed to what they are producing right now.
GLTA.
deldestino.......
If CYBL is such a mess, why are you here??
Tell us your reason(s) for being involved at all here.
One begins to think you must be persuing some agenda of your own.
Please enlighten us.
TIA.
GLTA.
Can't answer that. Anyway I don't have an issue with this PR.
They laid out a 3 year revenue guidance PR, this is the first of what likely will be a number of PRs going forward which will
support the numbers given. At some point the revs will become
known in future 10Q/Ks.
Looks to me like a darn good long term hold.
GLTA.
HD or whoever it is may decide to advertise the Everon, while "hiding" the Cyberlux name.
whatever their reasoning, CYBL can't use their name without
permission.
GLTA.
The little guy(CYBL) has to have permission from the
big guy(Lowe's, Home Despot or whoever) to use their name.
Apparently, permission was not given.
GLTA.
Big Mur, I caught the interview, interesting to hear for
background but I don't believe you'll ever hear anything
discussed in that type venue that isn't already public kmnowledge.
GLTY/GLTA.
Press Release Source: Native American Energy Group
'Business & Beyond' Show to Feature Native American Energy Group
Monday April 16, 10:46 am ET
FOREST HILLS, N.Y., April 16 /PRNewswire-FirstCall/ -- Native American Energy Group, Inc. (the "Company," or "NAEG") (OTC Pink Sheets: NVMG - News), proudly announces that Platinum Productions TV has selected Native American Energy Group for its innovative, educational television series "Business and Beyond." The 30-minute show produced by Platinum Productions TV will air 2 times nationally on the National Geographic Channel and 48 times regionally on Regional News Networks in many of the top 100 markets nationwide such as New York, Chicago, Atlanta, Los Angeles, Boston and Philadelphia.
Platinum Television Group, founded in 1997, is an independent media production company that specializes in educational programming for national and international markets. The magazine-style shows produced by Platinum Productions TV provide information on the latest in cutting edge technology, travel, sports, fashion, business solutions, health and many other topics affecting humanity. Over the years, PTG's diverse programs have brought forth stories on a variety of companies including Emerson, Burlington, Reebok, Trane, ECR, Honeywell, Mooney, Tyndale House, Hirsch Industries, Optifast/Novartis, Whirlpool, Mag Instrument, Bible League, Citigroup, PECO, DaySpring, Civil Air Patrol, Jim Beam, Casio, Motorola, Hormel, just to name a few.
NAEG was chosen from among several promising U.S. companies that were presented to the Platinum Television Group's panel of executive producers and advisory board members, consisting of MIT and Harvard business school graduates, as well as, magazine editors of Fortune, Forbes, and INC. After the presentation, Native American Energy Group was told of its successful selection for an upcoming episode on "Alternative Energy Solutions" of the highly acclaimed television series, "Business and Beyond."
Chief Executive Officer, Joseph D'Arrigo remarked, "This has to be considered another milestone achievement for the Company, and one that will make a great addition to our awareness campaign. We, at Native American Energy Group, are excitedly looking forward to this media event, which of course we gladly accepted. It is quite an honor for us to be featured in the 'Energy & Exploration Series.' NAEG has grown into a successfully recognized and well received Company thanks, I'm sure, to our unique working relationships with Native American tribes, but there also is a great deal more coming up in the near future for the Company that we are going to be talking about. Platinum Television gave us the vehicle to bring widespread awareness to those people who have capped and abandoned oil & gas wells, and whom are in need of revenues from those or other resources on their land. Through the power of television an even broader audience certainly including the investment community is going to know about Native American Energy Group."
CFO, Raj Nanvaan and CEO, Joseph D'Arrigo will also be getting their message out this Wednesday, April 18, 2007 during a live, in-studio interview on Market News First at 2:30 CDT on mn1.com.
Chief Financial Officer, Raj Nanvaan commented, "NAEG is in the news in large part due to our campaign to assist Native American tribes to secure their energy and economic future through the development of the vast wealth of natural resources that lie on tribal lands. This effort has taken form in NAEG's 'No-Tribe-Left-Behind-Program.' What started out as an awareness program and network has turned into a plethora of energy projects throughout the country. We have been invited to several reservations and have been spending a lot of time on location in Indian Country. The projects presenting themselves to us are extremely lucrative and will change the lives of everyone involved. Platinum Productions TV will definitely help NAEG gain exposure as they have helped many other companies from around the world via nationwide broadcast television, cable and satellite distributions systems."
As part of the schedule for the show, the Platinum Productions TV staff with their camera crews will interview company representatives in the field on reservations in Montana showing oil & gas development, and on other reservations. The content of the show will educate viewers on increased production in abandoned oil fields using advanced technologies; inform viewers of ongoing cooperation with Native American tribes for alternative energy solutions; and third party interviews, and extensive visuals.
Native American Energy Group (NAEG) is a publicly traded independent energy company based in New York trading under the symbol NVMG.PK. The company specializes in acquiring and revitalizing abandoned oil fields with substantial known reserves in place, as well as, introducing energy alternatives in Indian Country. Apart from existing fields, the company has also aggressively acquired oil & gas leases for new development overlying prolific areas, which include the Bakken formation in the Williston Basin.
NAEG's previous achievements can be accessed on the Investor Relations page below:
http://www.nativeamericanenergy.com/investorrelations.htm
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
--------------------------------------------------------------------------------
Source: Native American Energy Group
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(OT) to LOWMAN....
I saw your post on the AMEP board and wondered...
What are you looking for to tell you that AMEP's time is near?
TIA.
PS I have small holdings in AMEP,ALRY,HMGP, NVMG plus my two tech plays ONEV,CYBL.
Press Release Source: Cyberlux Corporation
Cyberlux Announces 3 Year Revenue Projections
Monday April 9, 8:00 am ET
RESEARCH TRIANGLE, N.C.--(BUSINESS WIRE)--Cyberlux Corporation, (OTCBB:CYBL - News), a leading provider of LED lighting solutions, announced today its revenue projection guidance for fiscal years 2007, 2008 and 2009, based on existing and future pipeline opportunities within existing retail relationships, continued penetration within governmental agencies, potential for OEM opportunities through its recent technology acquisitions, and current negotiations with prospective customers and partners. Mark Schmidt, Cyberlux President/COO said, "After a thorough study by our management staff of our present business and future business expectations, we have concluded that it is in the best interest of our shareholders for the Company to make public our estimated consolidated revenue projections for the next three fiscal years."
Considering certain assumptions and factors discussed in the Forward Looking Statements section of this News Release, Cyberlux estimates total consolidated revenue for the fiscal year 2007 is $3.7 million, for the fiscal year 2008 is $8.0 million, and for fiscal year 2009 is $14.0 million. The Company estimates that it will be cash flow positive when a $3.0 million per year revenue run rate is achieved.
"We feel strongly about our Company's leadership position within the emerging LED Lighting Industry, particularly when our Hybrid White Light (HWL) and Hybrid Multi-Color Light (HML) technologies are fully commercialized," Schmidt continued. "Cyberlux is in a strong position to capitalize on the technology transition occurring in the lighting industry, given our present and future government business, our technology licensing and the general direction of the lighting industry in which we continue to forge a position of leadership. Publishing these estimates now can give investors a much clearer picture of our emerging company."
About Cyberlux Corporation
Cyberlux Corporation (OTCBB:CYBL - News) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com.
Forward Looking Statements
Factors that could impact these revenue estimates may include, but are not limited to, the Company's ability to further penetrate targeted markets, to remain relevant in the solid state lighting industry, to retain existing contracts and to secure satisfactory financing. Additionally, the Company does anticipate the sale of securities and/or debt service for the years ended December 31, 2007 and 2008 as part of its financing plan. If unable to satisfy the requirement for financing during the periods reported, the results of the Company's operations would be affected and the Company would amend the guidance estimates.
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required to execute the Company's business plan. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended September 30, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Cyberlux Corporation, Research Triangle
Investor Contact: Richard Brown, 617-314-7379
--------------------------------------------------------------------------------
Source: Cyberlux Corporation
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Press Release Source: American Energy Production Inc.
American Energy Production Inc. Announces Results of Proxy Vote to Withdraw from BDC Status
Friday March 16, 11:56 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--American Energy Production Inc. ("AMEP") (OTCBB:AMEP - News) announced today that a special meeting of shareholders was held in Mineral Wells, Texas on March 13, 2007 to vote on the proposal to withdraw AMEP's election to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended, and to elect three directors to the board of directors. Shareholders approved all of the proposals during the meeting.
Contact:
American Energy Production Inc.
Charles Bitters, 210-410-8158
www.americanenergyproduction.com
or
Oil America Group Inc.
Joe Christopher, 972-386-0601
jchristopher@oilamericgroup.com
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Source: American Energy Production Inc.
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One step at a time... clear up the BDC COMPLETELY,
then start with the PRs.
GLTA.
All we need to see is the filing required to
shed the BDC. No PR necessary(save $$)
GLTA.
FISH, can't understand why a 10K would be due in 45
days instead of the usual 90, but as you say,
WE SHALL SEE!
I agree we won't see a "nonBDC" report until Q2(due 8/15?).
Hope they don't wait til then to PR some of their
recent successes.
GLTY/glta.
Finally got the first of 2 proxies via snail mail
from Schwab... voted FOR all.
GLTA.
FFB.... AMEP would normally have 90 days to
file a 10K vs. 45 days for a 10Q. If they got a 30 day extension, that would give them until end April instead of end March.
GLTY/GLTA.
Relayer, does your evaluation include the potential for
newly accessible reserves such as the megadeep well drilled
recently in the Gulf of Mexico?
Thanks for your post. All such info most appreciated.
GLTY/GLTA.
alsaco, I like that website...for an Isreali
perspective on things, try DEBKAFILE.COM.
Thanks.
GLTY,GLTA.
Pinksheets.com shows a PR regarding the proxy, see below,
what needs to happen is for the newswires to pick it up.
I expect this will happen on Monday ( which also is GC day).
:)
GLTA.
===========================================================
AMEP -- American Energy Production, Inc.
Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
AMERICAN ENERGY PRODUCTION INC files Form DEF 14A, Definitive Proxy Statement
--------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------------------------------------------------------------------------
SCHEDULE 14A
--------------------------------------------------------------------------------
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by Registrant / X /
Filed by a Party other than the Registrant /_/
Check the appropriate box:
/ _ / Preliminary Proxy Statement.
/_/ Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)).
/X/ Definitive Proxy Statement.
/_/ Definitive Additional Materials.
/_/ Soliciting Material Pursuant to § 240.14a-12.
American Energy Production, Inc.
(Name of Registrant as Specified in its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
/X/ No fee required.
/_/ Fee computed on table below per Exchange Act Rules 14a6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
/_/ Fee paid previously with preliminary materials.
/_/ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
-1-
--------------------------------------------------------------------------------
American Energy Production, Inc.
6073 Highway 281 South
Mineral Wells, TX 76067
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
To Be Held On March 13, 2007
To the Shareholders of American Energy Production, Inc.:
NOTICE IS HEREBY GIVEN that a Special Meeting of Shareholders (the “Special Meeting”) of American Energy Production, Inc. (the “Company”), a Delaware corporation that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended (the “Act”), will be held at the Best Western Club House Inn & Suites, located at 4410 Highway 180 E, Mineral Wells, TX 76067 on Tuesday, March 13, 2007 at 10:00 a.m. Mineral Wells time, for the following purposes: . . .
View Entire Filing
--------------------------------------------------------------------------------
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Comments or Suggestions?
10K due 3/31, 10Q for Q1 due 4/15.
GLTA.
Press Release Source: Native American Energy Group, Inc.
Native American Energy Confirms Scheduled Funding
Tuesday February 6, 9:05 am ET
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG - News), an independent Energy Company, reported that the initial portion of its anticipated $5,000,000 funding was confirmed by 'The Lender' to have been released on Monday and is moving through the appropriate international channels and procedures.
ADVERTISEMENT
As previously announced on Dec. 14, 2006 a financial agreement for $5,000,000 in financing for the Company was arranged by President, Joseph D'Arrigo and CFO, Raj Nanvaan of Native American Energy with 'A Foreign Investment Group.' The interest rate on the note is 8%, due and payable at the end of the five-year term of the loan. The note is being collateralized with restricted shares of the Company's common stock with no conversion feature. Such shares will be returned upon repayment of the note after five years.
Chief Executive Officer, Joseph D'Arrigo stated, "In a few days, the first tranche of this all-important funding commitment will be received into the escrow account of an international law firm followed by an immediate disbursement to the Company. Once we are in receipt of the funds, the company will officially announce it via a news release."
NAEG's previous achievements can be accessed on the Investor Relations page:
http://www.nativeamericanenergy.com/investorrelations.htm
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Contact:
Native American Energy Group, Inc.
Richard Ross, 800-780-8076
ir@nativeamericanenergy.com
http://www.nativeamericanenergy.com
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How about a Superbowl commercial from Dell
touting their voice operated Mediacenter PC?
Dream a little dream with me.
:)
GLTA.
Front page article in today's WSJ says
"Russia and Iran Discuss a Cartel for Natural Gas"
Hmmmmmmm.
GLTA.
BMiles, for all you do....
this PUD's for you.
Cheers.
:)
GLTA.
Q for GEH...........
regarding the earlier 9,10 baggers from GC, were they figured from the point of the cross, the share price at time of cross, or
something else, such as previous low?
TIA
GLTY,GLTA.
perhaps to use the monies on elsewhere?
GLTA.
I wonder why they
chose not to exercise the existing option.
GLTA.
They gave me shares at .05 a little before 4 PM. Guess
they didn't want to close above that.
GLTA.
GEH, do you know if
there are plans to market/advertise this technology, say
thru industry publications, or perhaps the industry grapevine will be enough to get the word out?
Also I wonder about patenting or other protection for this
pump. If it can easily be duplicated, somebody will do so.
GLTA.
silver, that's a most enlightening peek at the obscure "goings-on" that less experienced people like me are mostly unaware of.
Thanks a million for posting it.
Merry Christmas to all and a Happy New Year.
dave
Slip, AMEP can't give us a timetable cuz they can't predict
the time frame for an acceptable resolution of the SEC's
concerns(bureaucratic inertia involved here). Once these concerns are resolved, they must file the proxy,
allowing a minimum of two weeks for shareholder response. I
would bet a (very few) shares that the meeting will be late
Jan or perhaps into Feb.
GLTA.
OT, LTG, right, there were a MILLION people out thataway
struggling without power, and all we here about is the search
for these idiots.
I DON'T GET IT either.
GLTA.