Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nice volume, all at the ask today, at .05? Is this the bottom? Finally?
The link is not working?
I just spoke with Tim Clemenson, IR, and got the rest of the story. The news above is just Nasdaq's side of the story, verbatum. Nasdaq is playing hardball, and not wiling to wait, in spite of prior negotiated deadlines for the requested data. Seems ABAT and the auditor need a little more time to fill Nasdaq's request for the auditor to go to the main bank (versus the branch bank) and witness the bank balances and report back to Nasdaq, but Nasdaq was unwilling to wait, and with the old CFO gone, the 10-Q is taking the auditor a little longer to complete, so double problemo for now. This will get interesting very soon, so stay tuned!!!!
Advanced Battery Technologies, Inc. (Nasdaq:ABAT), (WWW.zqpt.com/en/) today announced that the Company received notice on November 21, from The NASDAQ Stock Market LLC that the Company has failed to satisfy the following NASDAQ Listing Rules:
* Listing Rule 5250(a). The notice states that the Company failed to provide information requested by NASDAQ, specifically cash confirmations from the banks holding the Company's funds prepared in the presence of personnel employed by the Company's independent audit firm.
* Listing Rule 5250(c)(1). The notice states that the Company failed to file its Quarterly Report on Form 10-Q for the period ended September 30, 2011.
In addition, the notice states that the Staff of The NASDAQ Stock Market LLC has determined to exercise its discretionary authority under Listing Rule 5101 to delist the Company's common stock based upon public interest concerns raised by the Company's deliberate refusal to provide the requested bank confirmations.
The notice states that, unless the Company files an appeal of the Staff's determination, trading in the Company's common stock will be suspended at the opening of business on November 30, 2011 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the common stock from listing on the NASDAQ Stock Market.
The Company has not yet determined the action it will take in response to the notice from The NASDAQ Stock Market.
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc. (Nasdaq:ABAT), founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric vehicles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Early in 2009, the Company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle manufacturer, and renamed it Wuxi Zhongqiang Autocycle Co., Ltd. ("Wuxi ZQ"). The Company has a New York office, with its executive offices and manufacturing facilities in China.
No, not yet, waiting for the second bottom.
LOL, I still have my starter position!!! Only paid $3/share for it last year! LOL
Time dump all your shares here folks, and sell them to me!!! I am buying as long as some fool wants to dump at this price!!!
Come to Papa!!!! LOL.
This is typical fluff from Ed (the CEO) and COIND, no meat to the PR. No price to the option, no terms, so typical. Just a way to suck people into buying while they dump more shares. I would be concerned that they failed to divulge such a material deal or contract on a more timely basis!!! Seems they were about 8 weeks late announcing the option deal? I don't recall an 8-K for that August deal? Looks to me like one last desperate attempt to dump the remaining shares, before they gut the company, or go BK and leave a bunch of unhappy bag holders left behind.
Looks like MM's made a restocking run, to take out stop loss orders, and grabbed about 400,000 cheap shares at the low in the process.
Looks like someone is banging that .05 ask hard with volume today, a good sign that they are not hitting the bid, but I have a bid in here today, to add. I have seen this before, and watched it repeatedly rally 100 to 300% back up. Right now it is a lack of confidence in the markets, low volume, and Euro fear, giving us rare buying opportunities. I plan to stock up over the next 5 weeks as the opportunity arises here and in several others that are all in the same boat! Only a fool would sell this cheap!
LOL, I am waiting for Wilmot to use that new cash to buy back shares and make it wink with a PR that he is buying back shares, LOL!!!!
What is the significance of that for CCME?
BK or more severe dilution is far more likely.
It is 73% working interest is it not?
I wonder if he is using some of the cash to get the other debt holders off his back for now (the ones that were doing the prior debt to share conversion and dumping earlier this year)?
Actually, it is my understanding that Larry does not want LaFarge funding the PP. I may be a little off on this, but it had something to do with IP protection issues and keeping certain types of control of and over the PP (which I understand, as I have been there, done that). Larry and I discussed that one day in passing, and it made a whole lot of sense to me, but I did not press the issue in blow by blow detail.
Good points, but didn't Beacon investors, shareholders, also pay for a share of the cost of the NY plant, beyond the 39 million the DOE payed for via a loan guarantee? Where is the other 30 million in assets that Beacon claims to have in excess of liabilities?
One thing still bothers me. If the DOE is expecting to take a loss on the loan, that implies the NY plant selling for less than the loan balance (or does it? Does Beacon get a % of the sale price of the plant, or just what is left after DOE gets its loan payed back in full?). If Beacon gets nothing out of the NY plant sale, what assets of any significant value are left and what are they really going to fetch in a BK sale? With out owning the NY plant how will Beacon collect any revenue? With no revenue, there can be no profits....and so on.
What are the other assets and what are they worth?
One other positive thing was recently seeing them spend the cash to move the patents into an examination phase overseas. That was not cheap by any means, and was a good sign they have been able to raise a fair amount of cash just to pay for it. I suspect it may have been a strategic move to press the international patent calendar along faster to help raise the remaining cash needed for the LaFarge pilot plant, and the company in general, as investors will pay more for stock that holds issued IP assets (patents) worldwide, and a final claims examination overseas will reveal that value pretty soon. It also implies that they have finalized the patent application wording and claims on the initial application, based on the preliminary examinations.
FWIW, I am under the impression that the LaFarge PP has been moving along all year in stages (final overall design decisions being worked out, slowly step by step), and that has not been stalled, but just moving verrrrry slowly.
Regarding Korea and 3M, we have a much better chance right now with LaFarge and others than with those two. I was disappointed that CleanTech (based on the lack of news so far) did not turn up any deep pockets for MVTG (Yet, that I know of). It just shows how hard it is raise investment dollars in this sector right now.
And details on just one of the many books he authored!
The Fundamentals of Corrosion and Scaling for Petroleum and Environmental
Engineers
Copyright © 2008 by Gulf Publishing Company, Houston, Texas. All rights reserved.
Gulf Publishing Company
2 Greenway Plaza, Suite 1020
Houston, TX 77046
10 9 8 7 6 5 4 3 2 1
Library of Congress Cataloging-in-Publication Data
Chilingar, George V., 1929–
The Fundamentals of Corrosion and Scaling for Petroleum and Environmental
Engineers / George V. Chilingar, Ryan Mourhatch, Ghazi D. Al-Qahtani.
p. cm.
Includes bibliographical references and index.
ISBN-13: 978-1-933762-30-2 (alk. paper)
ISBN-10: 1-933762-30-6 (alk. paper)
1. Oil fields--Equipment and supplies–Corrosion. 2. Corrosion and
anti-corrosives. I. Mourhatch, Ryan. II. Al-Qahtani, Ghazi. III. Title.
TN871.5.C4965 2008
622'.33820284–dc22
2008022307
Printed in the United States of America
Printed on acid-free paper.
More on George Chilingarian:
http://cee.usc.edu/faculty-staff/faculty-directory/chilingarian-george.htm
WOW! This guy's resume is 64 pages long, see here!!!
http://cee.usc.edu/assets/009/53728.pdf
Selected Articles (363 of 500)
1. Iranian gums as treating agents for drilling fluids, AIMS Petroleum Branch
Meeting, Los Angeles, CA, October 1950, 18 pp., Paper 78G.
2. Natural organic colloids of Iranian origin as mud treating agents, Petroleum
Engineer, Vol. XXTV, no. 4, pp. 345–52, 1952,
3. Study of the dispersing agents, J. Sedimentary Petrology, Vol. 22, no. 4, pp. 229–
233, 1952.
4. Possible utilization of electrophoretic phenomenon for separation of fine
sediments into grades: J. Sedimentary Petrology, Vol. 22, no. 1, pp. 29–32, 1952.
5. Use of Ca/Mg ratio in limestone as a geologic tool: Compass, Vol. 30, no. 4,
pp. 202 – 209, 1953.
6. Use of gash fractures in determining direction and relative amount of movement
along faults, Compass, pp. 81–85, 1954.
7. Relationship between porosity and chemical composition of carbonate rocks,
Petroleum Engineer, pp. 341–370, September 1954.
8. Simplified techniques of determining calcium and magnesium content of
carbonate rocks, Petroleum Engineer, pp. 368–370, November 1954.
9. The mineralogy of the montmorillonite group: Compass, Vol. 31, no. 4, pp. 288–
95, 1954. (Co-author: C.A. Richards).
10. Is a 018:016 ratio in carbonate rocks an accurate geologic thermometer? Amer.
Assoc. Petrol. Geol. Bull., Vol. 39, no. 11, pp. 2349–50, 1955.
11. Review of Soviet literature on petroleum source-rocks: Amer. Assoc. Petrol. Geol.
Bull., Vol. 39, no. 5, pp. 764–8, 1955.
12. Siderite geochemical faces of seas and saline waters in general as oil-producing,
Amer. Assoc. Petrol. Geol. Bull., Vol. 39, no. 5, p. 762, 1955.
13. Distribution of petroleum and natural gas in oil deposits of Apsheron Peninsula in
relation to lithology of enclosing rocks: Amer. Assoc. Petrol. Geol. Bull., Vol. 39,
no. 10, pp. 2094–6, 1955.
14. Physical-chemical characteristics of basins and sediments of Taman peninsula:
Amer. Assoc. Petrol. Geol. Bull., Vol. 39, no. 8, pp. 1668–9, 1955.
George V. Chilingarian — CV 21 of 63
15. Chemical composition of hydrocarbons of dispersed organic matter in
sedimentary rocks: Amer. Assoc. Petrol. Geol. Bull., Vol. 39, no. 7, pp. 1417–19,
1955.
16. Soviet classification of carbonate rocks and chemically precipitated CaCO3: A
Review: Amer. Assoc. Petrol. Geol. Bull., Vol. 39, no. 9, pp. 1885–9, 1955.
17. Review of mineralogy and classification of micas: Compass, Vol. 33, no. 1, pp.
76–8, 1955.
18. Selected list of Soviet references on marine geology and oceanography:
Compass, Vol. 32, no. 3, pp. 220–27, 1955. (Co-author: R.D. Tent')
19. Use of hydrochemistry and temperature of underground waters in petroleum
exploration: A Review: Amer. Geophys. Union Trans., Vol. 36, no. 4, pp. 673–4,
1955.
20. About dynamics of septal development in tetracorals during ontogeny.
J. Paleontology, Vol. 30, no. 2, 1955.
21. Summary of “Concerning some additional aids in studying sedimentary
formations,” by M.S. Shvetsov: J. Sedimentary Petrology, Vol. 25, no. 3, pp. 229–
234, 1955.
22. Summary of minerals geochemical indicators and their significance in prospecting
for ores of rare metals in pegmatites: Economic Geology, pp. 748–50, 1955.
23. Summary of some mineral neogenesis in sedimentary rocks: Compass, Vol. 32,
no. 4, pp. 356–71, 1955.
24. Water study as exploration aid: Petroleum Engineer, pp. 119–21, April 1955.
25. Use of Ca/Mg ratio as a geologic thermometer and bathometer, International
Geological Congress, Mexico City, 1956.
26. Abundance of carbonate rocks in European USSR: A Review: Amer. Assoc.
Petrol. Geol. Bull., Vol. 40, no. 8, pp. 2022–23, 1956.
27. S04
2-
and Cl-content of atmospheric precipitation in USSR: A Summary: Amer.
Geophys. Union Trans., Vol. 37, no. 4, 1956.
28. Solubility of calcite, dolomite and magnesite and mixtures of these carbonates:
Amer. Assoc. Petrol. Geol. Bull., Vol. 40, no. 11, pp. 2770–73, 1956.
29. Note on the direct precipitation of dolomite out of sea water: Compass, Vol. 34,
no. 1, pp. 29–34, 1956.
George V. Chilingarian — CV 22 of 63
30. Black Sea and its sediments: A Summary: Amer. Assoc. Petrol. Geol. Bull., Vol.
40, no. 11, pp. 2765–69, 1956.
31. Evaluation of clays for drilling fluids: Compass, Vol. 35, no. 1, p. 75, 1957.
32. Joint occurrence of glauconite and chlorite in sedimentary rocks: A Review: Bull.
Amer. Assoc. Petrol. Geol., Vol. 40, no. 2, pp. 394–98.
33. Storing aviation fuels in salt domes and salt beds: Petroleum Newsletter, USAF
Publ., pp. 3–7, February 1956.
34. Significance of water tolerance test in aviation fuels: Petroleum Newsletter, USAF
Publ., 1956.
35. Durov's classification of natural waters and chemical composition of atmospheric
precipitation in USSR: A Review: Amer. Geophys. Union Trans., Vol. 37, no. 2,
pp. 193–6, 1956.
36. Selected list of Russian references on sedimentology: Amer. Geophys. Union
Trans., Vol. 37, no. 2, pp. 245–51, 1956.
37. Dedolomitization: A Review: Amer. Assoc. Petrol. Geol. Bull., Vol. 40, no. 4, pp.
762–4, 1956.
38. Temperatures of formation and transformation of petroleum: Amer. Assoc. Petrol.
Geol. Bull., Vol. 40, no. 4, pp. 764–6, 1956.
39. Migration of petroleum: Amer. Assoc. Petrol. Geol. Bull., Vol. 40, no. 7, pp. 1725–
6, 1956.
40. Soviet classification of sedimentary particles and Vasil'evskiy graph: Amer.
Assoc. Petrol. Geol. Bull., Vol. 40, no. 7, pp. 1714–15, 1956.
41. Contribution of A.V. Frost to theory of origin of petroleum: A Review: Amer.
Assoc. Petrol. Geol. Bull., Vol. 40, no. 5, p. 1035, 1956.
42. Origin of glauberite deposits in Karabugaz Gulf a Review: Amer. Assoc. Petrol.
Geol. Bull., Vol. 40, no. 5, pp. 1032–34, 1956.
43. Sediments of Sevan Lake, Armenian SSR: Compass, Vol. 33, no. 3, p. 275,
1956.
44. Selected list of Soviet references on clays: Compass, Vol. 33, no. 3, pp. 277–8,
1956.
45. Short note on classification of limestone: Compass, Vol. 33, no. 4, pp. 342 –44,
1956.
George V. Chilingarian — CV 23 of 63
46. Do monothermites constitute an independent group of clay minerals? A Review:
47. Compass, Vol. 33 no. 4, pp. 345 –47, 1956.
48. Relationship between Ca/Mg ratio and geologic age: Amer. Assoc. Petrol. Geol.
Bull., Vol. 40, no. 9, pp. 2256–66, 1956.
49. Distribution and relative abundance of chert and flint as related to the Ca/Mg ratio
of limestones: Geol. Soc. Amer. Bull., Vol. 67, pp. 1559–62, 1956.
50. Use of Ca/Mg ratio in porosity studies: Amer. Assoc. Petrol. Geol. Bull., Vol. 40,
no. 10, pp. 2489–93, 1956.
51. Classification of limestones and dolomites on basis of Ca/Mg ratio: J. Sed.
Petrology, Vol. 27, no. 2, pp. 187–9, 1957.
52. Effect of sea water on the properties of the liquid hydrocarbons: An Interim report:
Compass, Vol. 34, no. 3, pp. 249–50,1957.
53. Soviet methods of reporting and displaying results of chemical analysis of natural
waters and methods of recognizing oil-field waters: Amer. Geophys. Union
Trans., Vol. 38, no. 2, 1957.
54. Evaluation of clays for drilling fluids: Compass, Vol. 34, no. 3, pp. 174–85, 1957.
55. Khanin's classification of reservoir rocks: Compass, Vol. 34, no. 4, pp. 335–39,
1957.
56. Scherbov's nomogram for determining minimum weights of assays: Compass,
Vol. 34, no. 4, pp. 340–41, 1957.
57. Rapid method of determining mineralogic-type of clays: A Review: Soil Science,
Vol. 83, no. 5, 1957.
58. Reviews and summaries of articles on geochemistry of Russian literature:
Compass, no. 2, pp. 163–67, 1957.
59. A short note on types of porosity in carbonate rocks: Compass, Vol. 35, no. 1, pp.
69 –74, 1957.
60. Mississippian Joana Limestone of Cordilleran Miogeosyncline and use of Ca/Mg
ratio in correlation: Amer. Assoc. Petrol. Geol. Bull., Vol. 41, no. 10, pp. 2257–74,
1957. (Co-author: H.J. Bissell)
61. Chemical composition of oil-field waters from Apsheron Peninsula, Azerbaidzhan
SSR, Geochim. et Cosmochim. Acta, Vol. 14, pp. 168–172, 1958.
George V. Chilingarian — CV 24 of 63
62. Notes on diagenetic dolomitization, J. Sedimentary Petrology, Vol. 28, no. 4, pp.
490–97, 1958. (Co-author: Harold J. Bissell)
63. Facts and figures about oil and gas in the USSR, SC Engineer, 9 (1):20, 33,
1958.
64. A short note on authigenic minerals, Compass, Vol. 35, no. 4, pp. 294–97, 1958.
65. Is the low degree of cementation of chalk caused by the secondary processes?
Compass, Vol. 35, no. 2, pp. 98–99, 1958.
66. Sponge spicules as indicators of physical-chemical environment of deposition,
Compass, Vol. 35, no.3, pp. 215–19, 1958.
67. Geothermal gradients in USSR, Compass, Vol. 34, no. 2, pp. 160–62, 1957;
Vol. 35, no. 2, pp. 137–38, 1958.
68. Reviews and summaries of articles on geochemistry of Russian literature,
Compass, no. 2, pp. 132–33, 1958.
69. Some data on diagenesis obtained from Soviet literature: A Summary, Geochim.
et Cosmochim. Acta, Vol. 13, pp. 213–17, 1958.
70. Chemical composition of the main genetic types of clays, by A.B. Ronov and
Z.V. Khlebnikova: A Summary, Compass, Vol. 36, no. 1, pp. 39–45, 1958.
71. Lower Permian lithologic formations of the world, after A.B. Ronov and
V.E. Khain: A Summary, Compass, Vol. 35, no. 3, pp. 213– 14, 1958.
72. Abnormal pressure regime in the former USSR petroleum basins (Co-author: V.A.
Serebryakov). Journal of Petrol Sci and Eng. 1995, 13(1): 65–74.
73. Effect of sea water on properties of liquid hydrocarbons: Amer. Assoc. Petrol.
Geol. Bull., Vol. 43, no. 12, pp. 2860–61, 1959.
74. Approximate method of determining reserves and average height of fractures in
fractured rocks – An interim report: Compass, Vol. 36, no. 3, pp. 202–205, 1959.
75. The Caspian Sea and Its Sediments: A Review, International Geol. Review, Vol.
1, no. 1, pp. 105–111, 1959.
76. Notes on volumetric study of Russian platform sediments and Hercynian
volcanism of the Urals, A Review: International Geol. Review, Vol. 1, no. 2, pp.
88–94.
77. Formation of sediments in recent basins, A Review: International Geol. Review,
Vol. 1, no. 3, pp. 74–81.
George V. Chilingarian — CV 25 of 63
78. Oxidation-reduction potential method of exploration for petroleum deposits,
Geochemistry Symposium at Fifth World Petroleum Congress, pp. 107–110,
1959.
79. Upper Permian continental molasse deposits of the Pre-Urals region:
A Summary, Compass, Vol. 37, no. 1, pp. 52–56, 1959.
80. Metallogenetic map of the world, by I.G. Magakyan and K.G. Shakhmuradov:
A Summary, Compass, Vol. 36, no. 4, pp. 348–50, 1959.
81. Note on clay minerals in petroliferous formations of USSR: A Summary,
Compass, Vol. 36, no. 4, p. 351, 1959.
82. Upper Permian lithologic formations of the world, by A.B. Ronov and V.E. Khain:
A Summary, Compass, Vol. 36, no. 2, 1959.
83. Relationship between pressure and moisture content of kaolinite, illite, and
montmorillonite clays, Amer. Assoc. Petrol. Geol. Bull., Vol. 44, no. 1, pp. 100–
106, 1960.
84. Relationship between overburden pressure and moisture content of silicic acid
and gum ghatti, Inter. Geol. Congress, Copenhagen, 1960, pp. 384–88.
85. Ca/Mg ratio of calcareous sediments as a function of depth and distance from
shore, Compass, Vol. 37, no. 3, pp. 182–86, 1960.
86. Distribution of oil and gas deposits in USSR: A Review, Compass, Vol. 37, no. 3,
pp. 234–46, 1960.
87. Lake Balkhash and its sediments: A Review, Compass, Vol. 37, no. 2, pp. 114–
22, 1960.
88. Oxidation-reduction potential method of exploration for petroleum deposits:
A Review, Inter. Geol. Review, Vol. 2, no. 3, pp. 264–72, 1960.
89. Chemical composition of waters from Tseysk Gorge: A Review, Compass,
Vol. 30, no. 1, p. 54, 1960.
90. Cenozoic-type and Paleozoic-type oils: A Summary, Compass, Vol. 37, no. 4,
pp. 331–36, 1960.
91. El metodo potencial de oxidacion-reduccion en la exploration de yacimientos
petroliferos, Bol. Assoc. Mexicana Geologos Petroleros, Vol. XII, no. 11–12,
pp. 323–39, 1960.
92. Three-dimensional numerical simulator for microbial enhanced oil recovery.
Scientia Iranica, 2(1): 55–64. (Co-author: M.R. Islam), 1995
George V. Chilingarian — CV 26 of 63
93. Dolomie: Enciclopedia del Petrolio e del Gas Naturale a cura dell' Ente Nationale
Idrocarburi, pp. 1072–1079, 1960. (Co-author: H.J. Bissell)
94. Notes on classification of carbonate rocks on basis of chemical composition,
J. Sediment. Petrology, Vol. 30, no. 1, pp. 157–58, 1960.
95. Teodorovich's method of determining permeability from pore-space
characteristics of carbonate rocks, Amer. Assoc. Petrol. Geol. Bull., Vol. 44,
no. 8, pp. 1421–24, 1960. (Co-author: B. C. Aschenbrenner)
96. Is dolomite favored by high or low pH?: Discussion: J. S. Petrology, Vol. 29,
no. 1, p. 118.
97. Effect of polarity of oil and presence of carbonate particles on relative
permeability of rocks: Compass, Vol. 38, no. 2, pp. 115–120, 1961. (Co-author:
A.A. Sinnokrot)
98. Notes on Compaction: J. Alberta Society Petrol. Geol., Vol. 9, no. 5, pp. 159–61,
1961.
99. Metodos de investigacion de gases en la exploracion y busqueda de aceite y
gas, Boletin de la Associacion Mexicana de Geologos Petroleros, Vol. XIII, no. 7–
8, pp. 269–78, 1961. (Co-author: M. Karim)
100. Dependence on temperature of Ca/Mg ratio of skeletal structures of organisms
and direct chemical precipitates out of sea water, Bull. So. Calif. Acad. Sci., Vol.
61, pt. 1, pp. 45–60, 1962.
101. The origin of petroleum inside freshwater carbonate concretions of Miocene age:
International Meeting in Organic Processes in Geochemistry, Milan, September
1962, Pergamon Press, England. (Co-authors: E.T. Degens and W. D. Pierce)
102. Determination of surface areas of sediments, J. Sed. Pet., Vol. 32, no. 1, pp.
140–45, 1962. (Co-authors: F.C. Greer, C.M. Beeson, and R. Main)
103. Possible loss of magnesium from fossils to the surrounding environment, J. Sed.
Pet., Vol. 32, no. 1, pp. 136–39, 1962.
104. A survey of petrological and mineralogical methods used by the oil industry of the
USSR, Compass, Vol. 38, no. 1, pp. 52–53, 1960; Vol. 40, no. 1, pp. 60–67,
1962.
105. Aral Sea and its sediments: A Summary, International Geol. Review, Vol. 3, no. 5,
pp. 434–44, 1962.
George V. Chilingarian — CV 27 of 63
106. Origin of petroleum-bearing freshwater concretions of Miocene age: Amer. Assoc.
Petrol. Geol. Bull., Vol. 46, no. 8, pp. 1522–25, 1962. (Co-authors: E.T. Degens
and W.D. Pierce)
107. Note on pH of brines, Sedimentology, Vol. 1, no. 1, pp. 75–79, 1962. (Co-author:
H.H. Rieke)
108. Gaseous survey methods in exploration and prospecting for oil and gas,
J. Alberta Soc. Petrol. Geol., Vol. 10, no. 11, pp. 610–17, 1962. (Co-author:
M. Karim)
109. Evaporate type dolomite in salt flats of Western Utah, Sedimentology, Vol. 1, no.
3, pp. 200–10, 1962.
110. Comments on Teodorovich's “Structural classification of limestones and
dolomites,” and Shvetsov's “Genetic classification of limestones,” J. Sed.
Petrology, Vol. 31, no. 4, pp. 611–16, 1962. (Co-author: H.J. Bissell)
111. Thermodynamic studies on dolomite formation and their geologic implications,
Bissell)
112. A new technique for recovering heavy oil and tar sands. Scientia Iranica, 2(1):
15–28. (Co-author: R Islam)
113. Easy and rapid method of determining mineralogic type of clays: Compass, 39,
no. 2, pp. 97–8, 1962.
114. Sobre el Origen del Petroleo Dentro de Concreciones de Carbonato de Calcio de
Edad Miocenica, Formadas en Aguas Dulces: Boletin de la Asociacion Mexicana
de Geologos Petroleros, pp. 272–292, 1962. (Co-authors: E.T. Degens and W.D.
Pierce)
115. Notes Sobre Quimica de las Aguas en Campos Petroliferos: Boletin de la
Asociacion Mexicana de Geologos Petroleros, pp. 177–193, 1963. (Co-author:
E. Degens)
116. Relationship between porosity, permeability, and grain size distribution of
sediments, Proc. International Sedimentological Congress, Amsterdam, summer
1963, pp. 71–75.
117. Utilization of thermal waters and steam of the Kurile-Kamchatka Island Arc for
power: A Review, Compass, Vol. 40, no. 3, pp. 177– 81, 1963.
118. Relationship between high overburden pressure and moisture content of
halloysite and dickite clays: Geol. Soc. Amer. Bull., Vol. 47, no. 8, pp. 1041–1048,
1963. (Co-authors: H.H. Rieke, III and J.O. Robertson, Jr.)
George V. Chilingarian — CV 28 of 63
119. Contributed three articles to Encyclopedia on Petroleum, (2) Dolomites, 14 pp.
(Co-author: H.J. Bissell), (3) Reservoir Rocks, 34 pp., 1963. (Co-author: W.C.
Gussow).
120. Ca/Mg and Sr/Ca ratios of calcareous sediments as a function of depth and
distance from shore, J. Sed. Pet., Vol. 33, no. 1, 1963.
121. Relationship between porosity, permeability, and surface areas of sands and
sandstones: J. Sed. Petrology, Vol. 33, no. 3, pp. 759–65. (Co-authors: R. Main
and A. Sinnokrot)
122. Possible reason for absence of calcareous skeletons of invertebrates in
pm-rocks: J. Paleontology, Vol. 37, no. 4, pp. 942–43. (Co-author: H.J. Bissell)
123. Note on precipitation of dolomite from sulphate and chloride solutions: J. Sed.
Petrol., Vol. 33, no. 3, pp. 801–802, 1963. (Co-author: H.J. Bissell)
124. Possible use of electric current for increasing volumetric rate of flow of oil and
water during primary or secondary recovery: Chimika Chronika, 28, pp. 1–4,
1963. (Co-authors: L.G. Adamson, S.A. Amba and C.M. Beeson)
125. Calcari: Enciclopedia del Petrolio e del Gas Naturale, Vol. 11, Editor C. Colombo,
pp. 1–12. (Co-author: H.J. Bissell)
126. Sobre la busqueda y exploracion de yacimientos de aceite y gas mediante el
metodo de luminiscencia de los bitumens: Ingeneria Petrolera (Mexico), Vol. 3,
no. 16, pp. 5–9, 1963. (Co-author: M. Karim)
127. Some data on electrokinetic phenomena and their possible application in
petroleum production: Chimika Chronika, Vol. 28, no. 10, pp. 121–127, 1963.
(Co-authors: L.G. Adamson and C.M. Beeson)
128. Possible use of electric current for increasing volumetric rate of flow of oil and
water during primary or secondary recovery: The Philippine Journal of Science,
Vol. 92, no. 3, pp. 319–327, 1963. (Co-authors: L.G. Adamson, S.A. Amba and
C.M Beeson)
129. Sobre el uso posible de corriente electrica para aumentar el volumen de flujo de
aceite y agua durante el proceso de produccion, o de recuperacion secundario:
Ingenieria Petrolera (Petroleum Engineer), Mexico, Vol. III, no. 17, pp. 12–18,
1963. (Co-authors: S.A. Amba, C.M. Beeson and L.G. Adamson)
130. Does some migration of oil occur in a gaseous form? Inter. Geol. Congress, Sec.
1, Part 1, pp. 64–70, 1964 (Co-author: L.G. Adamson).
George V. Chilingarian — CV 29 of 63
131. On the origin of petroleum inside fresh water carbonate concretions of Miocene
age: in Advances in Organic Chemistry, Pergamon Press, pp. 149–64, 1964.
(Co-authors: E.T. Degens and W.D. Pierce)
132. Relationship between porosity, permeability, and grain-size distribution of sands
and sandstones: in Developments in Sedimentology, vol. I, Elsevier Publishing
Co., pp. 71–74, 1964.
133. Gum guar proves useful as mud additive, Canadian Petro Engineering, pp. 19–
21, Nov. 1964. (Co-author: A.L. Croushorn)
134. Realms of dolomite formation in Great Basin area, U.S., Inter. Geol. Congress,
New Delhi, India, 1964. (Co-author: H.J. Bissell)
135. High-pressure (up to 500,000 psi) compaction studies on various clays, Inter.
Geol. Congress, 1964, New Delhi, India, Part XV, Proc. Sect. 15, pp. 22–38,
1964. (Co-authors: H.H. Rieke, and J.O. Robertson)
136. Soils stabilized through electroosmosis. Southwest Builder and Contractor, Vol.
145, no. 24, p. 100, 102. (Co-authors: L.G. Adamson, R.A. Armstrong and
C.M. Beeson)
137. Additional data showing possibility of utilizing direct electrical current for
augmenting petroleum reservoir energy: Compass, Vol. 41, no. 4, pp. 246–50,
1964. (Co-authors: S.A. Amba and C.M. Beeson).
138. Established facts concerning the origin of oil: Compass, Vol. 41, no. 4, pp. 254–
56, 1964.
139. Use of direct electrical current for increasing the flow rate of reservoir fluids
during petroleum recovery: J. Canadian Petrol. Tech., Vol. 3, no. 1, pp. 8–14,
1964. (Co-authors: S.A. Amba and C.M. Beeson)
140. Nicaragua's Pacific Coast has oil possibilities: World Oil, pp. 117–24, Sept. 1964.
(Co-author: M. Karim)
141. Contributed three articles to the Earth Sciences Encyclopedia, 1965, (Editor: R.
Fairbridge, Columbia Univ.): (a) Well Logging (Co-authors: RA. Armstrong, L.G.
Adamson), (b) Porosity and Permeability (Co-author: C.M. Beeson), (c)
Electrokinetics of Formations and Interstitial Waters (Co-authors: R.A. Armstrong,
L.G. Adamson)
142. Application of electrical current for increasing the flow rate of oil and water in a
porous medium. J. Canadian Petrol. Tech., Vol. 4, no. 2, pp. 81–88, 1965.
(Co-authors: C.M. Beeson and S.A. Amba)
George V. Chilingarian — CV 30 of 63
143. Uso de corriente electrica directa para aumentar la proporcion del fluxo de fluidos
en los yacimientos: efecto del tipo de arcilla sobre la production de flujo,
Ingenieria Petrolera (Petroleum Engineer), Vol. 5, no. 3, pp. 22-32, 1968.
(Co-authors: C.M. Beeson and S.A. Amba)
144. Viscosity measurements of aqueous clay suspensions as a tool for determining
mineralogic type of clays, Sedimentology, Vol. 4, pp. 181–187. (Co-authors:
J.O. Robertson and H.H. Rieke)
145. Application of electrokinetic phenomena in civil engineering and petroleum
engineering, Annals New York Academy Sci., Vol. 118(14), pp. 585–602, 1965.
(Co-authors: S.A. Anbah and C.M. Beeson).
146. Oil possibilities on the East Coast of Nicaragua (Geophysical and Geochemical
Exploration), World Oil, 8 pp., December 1965. (Co-authors: M. Karim and
W.H. Hoylman)
147. Gealogia Petrolera y Exploracion en Nicaragua: Mex. Assoc. Petrol. Geol. Bull.,
Vol. XVII (1,2), pp. 1–16, 1966. (Co-author: H.W. Hoylman)
148. Relaciones entre la Precion y el Contenido de Humedad de las Arcillas: Caolinita,
Illita, y Montmonilonita: Petrol. Engineer (Mexico), Vol. VI (8), pp. 24–30, 1966.
(Co-author: L. Knight)
149. Algunos datos sobre el exprimido de agua de los lodos: Petrol. Engineer
(Mexico), Vol. VI (9), 1966. (Co-author: H.H. Rieke, III)
150. Northeast Nicaragua has gas and oil indications: World Oil, Vol. 162, no. 4, pp.
84–96, 1966. (Co-authors: M. Karim and H.W. Hoylman)
151. Some data on squeezing of water out of mud: Compass of Sigma Gamma
Epsilon (National Geology Honor Society), Vol. 43 (2), pp. 104–108, 1966.
(Co-author: H.H. Rieke, III)
152. Notes on application of electrokinetic phenomena in soil stabilization:
Proceedings International Clay Conf., Jerusalem, Israel, Vol. I, pp. 381–389,
1966. (Co-author: L.G. Adamson and H.H. Rieke, III)
153. Note on possible migration of oil in a gaseous form: Chimika Chronika, 31A,
pp. 2–4, 1966. (Co-author: L.G. Adamson)
154. Classification of Sedimentary Carbonate Rocks, 81 pp., Elsevier Publishing Co.,
1967. (Co-author: H.J. Bissell)
155. Diagenesis of Carbonate Rocks, 143 pp., Elsevier Publishing Co., 1967.
(Co-authors: H.J. Bissell and K.H. Wolf}
George V. Chilingarian — CV 31 of 63
156. Diagenesis of Subsurface Waters, 25 pp., Elsevier Publishing Co., 1967.
(Co-author: E. Degens)
157. Elemental Composition of Carbonate Skeletons, Minerals and Sediments,
126 pp., Elsevier Publishing Co., 1967. (Co-authors: K.H. Wolf and F.W. Beales)
158. Notes on compaction of sediments: International Sediment. Congress, 1967,
England, 4 pp., (Co-authors: H.H. Rieke and Carl L. Burnett)
159. Results of geochemical exploration for petroleum in Nicaragua, Petrol. Eng.
(Mexico), Vol. 7, no. 1, pp. 5–36, 1967. (Co-author: M. Karim)
160. Desague, Consolidacion y Estabilizacion de Suelos, Ingenieria Petrolera, pp. 30–
39, Nov. 1967. (Co-authors: L.G. Adamson, C.M. Beeson and R.A. Armstrong)
161. Resultados de los Trabajos de Exploration GeoquimiCo-Petroleros en Nicaragua:
Ingenieria Petrolera, pp. 5–36, Jan. 1967. (Co-author: M. Karim)
162. Data on consolidation of fine-grained sediments: J. Sedimentary Petrology,
Vol. 38, no. 3, pp. 811–816, 1968. (Co-author: H.H. Rieke, III)
163. Shelf-to-Basin Permian sediments of Southern Nevada, USA, XXIII International
Geol. Congress, Vol. 8, pp. 155–167, 1968. (Co-author: H.J. Bissell)
164. New method for evaluation of stability of drilling fluids using theological
parameters, Petrol. Eng. (Mexico), Vol. 8, no. 5, pp. 14–19, 1968. (Co-authors:
V.I. Riabchenko and R.M. Mathur)
165. Effect of direct electrical current on permeability of sandstone cores: 30th Annual
California Fall Meeting of the Soc. Petrol. Engineers of AIMS, Bakersfield, CA.,
Nov. 1968, 8 pp. (Co-authors: A. El-Nassir and R.G. Stevens)
166. Increase in oil recovery by changing chemistry of water: Bull. Oil Nat. Gas
Commission, India, Vol. 4, no. 2, pp. 5–6, 1968.
167. Possible use of direct electrical current for augmenting reservoir energy during
petroleum production: Compass of Sigma Gamma Epsilon (National Earth
Chang, J.E. Davis, H.J. Farhangui, L.G. Adamson and S. Sawabini)
168. Effects of electrochemical treatment on selected physical properties of clayey silt:
Engr. Geol., Vol. 2, no. 3, pp. 191–196. (Co-authors: J.H. Hon, S. Hamid and E.
Abi-Chedid)
169. Chemical alterations of subsurface waters during diagenesis: Chemical Geology,
no. 4. (Co-author: H.H. Rieke, III)
George V. Chilingarian — CV 32 of 63
170. Electrochemical treatment of shrinking soils: Engr. Geol., Vol. 2, no. 3, pp. 197–
203. (Co-authors: L.G. Adamson, H.H. Rieke and RR Gray)
171. Effect of direct electrical current on permeability of sandstone cores, J. Pet.
Technology, Jul. 1970, p. 830–836. (Co-authors: A. El-Nassir and R.G. Stevens)
172. Chemical alterations of subsurface waters during diagenesis, presented at
“Symposium on Geochemistry of Subsurface Brines”: State Geol. Survey of
Kansas and the University of Kansas, March 25–26, 1968; published in Chemical
Geology, pp. 235–252, 1969. (Co-author: H.H. Rieke, III)
173. Some data on compressibility of various clays, Proceedings Inter. Clay
Conference, Tokyo, Japan, Vol. 1, pp. 817–828, 1969. (Co-authors: H.H. Rieke,
S.K. Ghose and S.A. Fahhad)
174. Petrography and diagenesis of the Taormina Formation, Gela Oil Field, Sicily
(Italy), Sedimentary Geology, Vol. 3, no. 1, pp. 59–86, 1969. (Co-authors:
L. Mattavelli and D. Storer)
175. Compressibilities of clays and some means of predicting and preventing
subsidence, by G.V. Chilingar, H.H. Rieke and S. Sawabini, Proc. Symposium on
Subsidence, UNESCO Publ., Tokyo, Japan, 1969.
176. Dolomia: Enciclopedia della Chimica, USES Edizioni Scientifiche, Firenze, Italy,
pp. 563–566, 1970. (Co-author: H.J. Bissell)
177. Chemistry of interstitial solutions in shales versus that in associated sandstones,
by G.V. Chilingar, H.H. Rieke, S.T. Sawabini and I. Ershaghi, SPE 2527, Soc.
Pet. Eng. AIMS, 8 pp.
178. Clay minerals in carbonate reservoir rocks and their significance in porosity
studies: Sediment. Petrology, Vol. 8, pp. 241–249. (Co-author: K. Aoyagi, Japan
Petroleum Exploration Co.)
179. Clay minerals and organic matter in Neogene carbonate rocks of Akita oil fields of
Japan: Jour. Clay Sci. Soc. Japan, Vol. 12, no. 1, pp. 1–10. (Co-authors:
K. Aoyagi and T. Kazama)
180. Design and operation of a triaxial, high-temperature, high-pressure compaction
apparatus: J. Sedimentary Petrol., Vol. 41, no. 3, pp. 871–881, 1971.
(Co-authors: C.T. Sawabini and D.R. Allen)
181. Studio e previsione della subsidenza: Encyclopedia della Scienza e della Tecnica
Mondadori, pp. 281–292, 1971. (In Italian; Co-authors: D.R. Allen, M.N. Mayuga
and C.T. Sawabini)
George V. Chilingarian — CV 33 of 63
182. Behavior of Sodium and Calcium Montmorillonite and Illite under Elevated
Temperature and Pressure, presented at the International Clay Conference,
Madrid, June 1972. (Co-authors: H.H. Rieke and P. Estep)
183. Clay Minerals in Carbonate Reservoir Rocks and Their Significance in Porosity
Studies, presented at the International Clay Conference, Madrid, June 1972.
(Co-author: K. Aoyagi)
184. Effect of Compaction on Chemistry of Solutions Expelled from Clays Saturated in
Sea Water and in Other Electrolyte Solutions, presented at the International Clay
Conference, Madrid, June 1972. (Co-author: C.T. Sawabini)
185. Some data on compressibility and density anomalies in halloysite, hectorite, and
illite clays: Bull. Amer. Assoc. Petrol. Geol, Vol. 56, no. 4, pp. 796–802, 1972.
(Co-author: W.A. Cebell)
186. Tri-axial compaction of unconsolidated oil sands: SPE 4058, 14 pp., 1972.
(Co-authors: C.T. Sawabini and D.R Allen)
187. Compressibilities and densities of some clays: Libyan Jour. Sci., Vol. 2, pp. 65–
73, 1972. (Co-authors: S.B. Sheth and A. Al-Zamel)
188. Effect of post-sedimentation processes on carbonate reservoir rocks in Volga-
Urals Region, USSR: Bull. Amer. Assoc. Petrol. Geol., Vol. 57, no. 7, pp. 1305–
1313. (Co-authors: S.G. Sarkisyan and M.A. Politykina), 1973.
189. Comparison between compressibilities of sands and clays: J. Sedimentary
Petrology, Vol. 43, no. 2, pp. 529–536, 1973. (Co-authors: C.T. Sawabini and
H.H. Rieke)
190. Calcari: Enciclopedia della Chimica, USES Edizioni Scientifiche, Firenze, Italy,
pp. 608–614, 1974. (Co-author: H.J. Bissell)
191. Compressibility of unconsolidated, arkosic oil sands: SPED, pp. 132–138,
April 1974. (Co-authors: C.T. Sawabini and D.R. Allen)
192. Experiments on effect of water injection rate on imbibition rate in fractured
reservoirs: Energy Sources, Vol. 1, no. 1, 1974. (Co-author: R.W. Mannon)
193. Effect of compaction on chemistry of solutions expelled from montmorillonite clay
saturated in sea water: Sedimentology, Vol. 20, pp. 391–398, 1974. (Co-authors:
C.T. Sawabini and H.H. Rieke)
194. Compaction of sediments: Encyclopedia of Earth Sciences, 5 pp., 1975.
(Co-author: H.H. Rieke)
George V. Chilingarian — CV 34 of 63
195. An Optimistic Outlook for World Potential Sources of Energy: Energy Sources
Journal, Vol. 2, no. 2, pp. 228–232, 1975.
196. Chemistry of Interstitial Solutions in Undercompacted (Overpressured) versus
Well-Compacted Shales: Proceedings of the International Clay Conference, pp.
673–678, 1975. (Co-author: H.H. Rieke, III)
197. Mechanics of Sand Compaction. In: Compaction of Coarse-Grained Sediments, I,
Developments in Sedimentology 18, pp. 167–246, 1975. (Co-author: D.R Allen)
198. Subsidence. In: Compaction of Coarse-Grained Sediments, I, Developments in
Sedimentology 18A, pp. 167–246, 1975. (Co-author: H.J. Bissell)
199. Diagenesis of Sandstones and Compaction. In: Compaction of Coarse-Grained
Sediments, II, Developments in Sedimentology 18B, pp. 69–444, 1976.
(Co-author: K.H. Wolf)
200. Compactional Diagenesis of Carbonate Sediments. In: Compaction of Coarse-
Grained Sediments, II, Developments in Sedimentology 18B, pp. 719–768, 1976
Here is the scoop on George_V._Chilingar
http://en.wikipedia.org/wiki/George_V._Chilingar
who joined the MNLU advisory board recently:
http://houston.citybizlist.com/17/2011/10/24/Mainland-Appoints-Dr.-George-V.-Chilingar-Ph.D.-to-its-Advisory-Board.aspx
HOUSTON -- Mainland Resources, Inc., (MNLU-OTCBB, 5MN-Frankfurt) has appointed Dr. George Chilingar to its Advisory Board in order to assist the company with a strategic partnership alliance and the supporting financing.
Dr. Chilingar is an expert with extensive knowledge, experience and recognition in the oil and gas industry, as well as the environmental sector. He is one of the most well-known petroleum geologists in the world and the founder of several prestigious journals in the oil and gas industry.
Dr. Chilingar states, "I am excited by the potential of Mainland's Buena Vista shale gas project in Mississippi. It is a significant prospect where I feel I can assist the Company both with strategic partnership affiliation, financing and a greater understanding of the long term development of this play."
George V. Chilingar, Ph.D., is a distinguished Emeritus Professor of civil and petroleum engineering at the University of Southern California?, member of American Association of Petroleum Geologists, Certified Petroleum Geologist, Certified Professional Chemist and Certified Geologist, State of California. He received a B.S. and M.S. degrees in petroleum engineering and a Ph.D. degree in geology with minor in petroleum engineering from the University of Southern California. He has been the Honorary Consul for the Republic of Honduras since 1983. Dr. Chilingar was the first American petroleum geologist elected to the Russian Academy of Sciences. He is also a member of the Armenian Academy of Sciences, the International Academy of Engineering and the President of the US Branch of the Armenian Academy of Engineering.
Since 1993, he served as the President of the US Branch of the Russian Academy of Natural Sciences. He served as senior petroleum engineering adviser to the United Nations from 1967 to 1969, and then again from 1978 to 1987. He was also an energy policy adviser to California Governor Ronald Reagan in 1973
Dr. Chilingar is author of approximately 500 original research articles, 150 scientific reviews and 70 books. Of particular importance are his works in the field of geology of petroleum reservoirs, petrophysics, sedimentology; and petroleum engineering. He has been honoured by the nations of, including but not limited to Russia, India, Saudi Arabia, Iran, Thailand and Honduras. His method of identifying oil-rich rock by analyzing the ratio of calcium to magnesium in core samples is considered to be one of his greatest contributions to the petroleum industry and lead to the discovery of one of Iran's largest oil fields. The particular oilfield was subsequently named in honour of him and known as the "Chilingar Field". Dr. Chilingar redirected exploratory efforts in the Gulf of Siam and lead to the development of Thailand's offshore oil reserves.
In 2001, King Fahd of Saudi Arabia acknowledged Prof. Chilingar's contributions to the success of Saudi Aramco? and the discovery and extraction of oil reserves around the world.
Mike Newport, President of Mainland Resources states, "We are extremely pleased to have Dr. Chilingar join our Advisory Board to assist with a strategic partnership alliance. His world-class expertise lends tremendous credibility to our current Mississippi project and shows the calibre of talent that our Company is attracting. His insight and contribution will be greatly appreciated by our management."
About Mainland Resources, Inc.
Mainland and its working interest partners control in excess of 17,800 net acres or 28 sections on the Buena Vista prospect area where the Burkley-Phillips No. 1 well was drilled to 22,000 feet, cored and logged. Upon successful completion of its proposed merger with American Exploration, Mainland would own 92% of the 28 sections in the Buena Vista prospect. As recently announced, core analysis has determined that gas in place in the Buena Vista prospect could be up to 500 BCF/section based on the cored interval.
Mainland Resources, Inc. is engaged in the exploration of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of acreage in emerging and early developing oil and gas regions with the potential for material discoveries. For information see:http://www.mainlandresources.com.
To find out more about the company in this article and to see if you
have business connections, click below:
* Mainland Resources, Inc
For those that are new here, and may not have all the facts, here are SOME details and history of MNLU:
Here is the latest source:
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000791/f10q.htm
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000186/f8k03142011ex99.htm
Covers the 14 billion BCF of natural gas per section (time 28 sections) PR for the Buena Vista Miss leases.
Book value of unproven reserves is .16/share (probably based on lease costs paid out).
The recent independent analysis of the Louisiana assets places their market value at about 40-45 cents a share (oil, gas, and condensates).
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000025/f8k01062011ex99.htm
The two separate studies of logging data while the well was drilled, and core sample studies, times the post merger acre size, yields a calculation of about $1 billion dollars of natural gas in place at 22,000 feet (400 F, +20,000 psi!!!!) in the Miss leases alone. This does not account for oil above 22,000 feet, or smackover oil believed to be below the current well in the same property in Miss. It also does not include the lease property in Louissiana (the 40 cent a share value I mentioned above).
The company has about $4 million dollars in total debt, that is unsecured!!!! (only exception is a few liens from recent court judgements on recent past due bills).
One of the new directors, Jerry, owns at least 10% of the shares outstanding!!! See the form 4 he filed when he accepted the Directorship about 6 months ago.
Quote:On April 22, 2010, the Company closed the sale of its Haynesville Shale assets in East Holly Field, DeSoto Parish, Louisiana. The assets have been sold to EXCO Operating Company, LP, a wholly owned subsidiary of EXCO Resources, for $28,159,604 effective January 1, 2010. The Company has sold its 40% working interest in all rights deeper than the base of the Cotton Valley formation (which has been defined to be 100 feet below the stratigraphic equivalent of the Cotton Valley formation and includes all of the Company's producing wells as described above) in the East Holly Field. The Company continues to own a 100% interest in all rights above this depth and specifically, in the Cotton Valley, Hosston and Upper Bossier sections.
The Company has used the proceeds of the sale to fund the drilling of the initial well (designated as the Burkley-Phillips No. 1 Well) on its Buena Vista prospect in Jefferson County, Mississippi, and to retire its debt to Guggenheim Partners LLC. (Refer to Note 9).
Insiders have loaned the company cash using unsecured loans this year amounting to well over $1 million dollars. Insiders would not be doing this if they felt the company was about to go under. They also have not issued any new shares with a pump and dump (like most peny stocks would have), or even issued new shares in about 2 years, NO DILUITION!
Quote:On April 22, 2010, the Company closed the sale of its Haynesville Shale assets in East Holly Field, DeSoto Parish, Louisiana. The assets have been sold to EXCO Operating Company, LP, a wholly owned subsidiary of EXCO Resources, for $28,159,604. The Company used part of the proceeds to retire its debt to Guggenheim and to re-acquire the overriding royalty interests granted to Guggenheim in the DeSoto Acreage.
Quote:During fiscal 2011, a shareholder (the "Secured Party") advanced $650,000 to the Company pursuant to a Demand Secured Promissory Note which bears interest at 10% per annum. During the six months ended August 31, 2011, the Secured Party advanced a further $355,000 on the same terms resulting in a total of $1,005,000 owing to this Secured Party.
Question for the MNLU regulars, are the recent attack posts here a sign that MM's are short and need to cover from the recent rally, and may be getting desperate?
Just thinking out load, it may be time to start a 1-2 day buying spree, and make them panic cover their shorts?
That post and statement you just made,
" I thought chilingar was the newest Director? "
proves that you have done no DD, and do not know the facts, and have no idea what the facts are about this company! Your credibility is now shot, thanks, you just made my point.
Why do you insist on posting slanderous lies with no proof?
That was a rhetorical question, no need to reply, we already know the answer.
Speaking of confusion, it sounded like something was said about taking the company private, on a buy out, and DOE taking a loss (partial) on the loan, so how does that leave anything for existing shareholders?
And thanks for updating us!!!
I had a chat with the newest director of MNLU about 6-8 months ago regard posts like the ones you have made here this week, and I can assure you that if you would just be willing to post your real name and address here, then MNLU will have their corporate attorneys contact you immediately! It is my understanding that under the latest SEC regulations regarding posts on forums like IHUB that they would be delighted to sue you and any other posters like you for any libelous posts and for posting lies about MNLU here.
And anyone who does not believe me, just call Gerry Jardine (the new director at MNLU) and ask him yourself. He did not buy over 10% of MNLU for nothing! He posted the Form 4 showing that he already owned over 10% of MNLU before he accepted the directorship position about 7 months ago. Rest assured with this one new director owning 10% of the common shares before he joined the BOD of MNLU, that our longs interests are being looked after at MNLU!!!
Be sure to read here:
http://www.gohaynesvilleshale.com/profile/jeffboler
for the other ongoing chats by people in the oil and gas business, about MNLU!!!
I think your are right! If they get deep enough in shorts here, they may give us the short covering rally, break out, back into the 40 to 50 cent range!!!
They forgot to mention the toxic waste shares they dumped on unsuspecting shareholders in that disclosure.
LOL, this is old news, being recycled like other waste, they still have not sold a single one of these deals or systems!!!
LOL, they are now passing out wacky weed instead of Koolaid here! Smoke those shares!!!! LOL
I see I was right earlier this year, div cut from .40 to .03, and the price now down 80% and dropping.
S&P Capital IQ Equity Research believes that U.S. stocks are in an extended bull market characterized by high profit margins, but slow economic improvement from depressed levels, according to the latest issue of the group's Quality Trends publication.
"High Quality Ranking* (QR) issues strongly outperformed low Quality Ranking issues in the recent market decline and underperformed only marginally in the October snap-back," said Richard Tortoriello, an S&P Capital IQ equity analyst and author of the report. "We believe slow economic growth and continued market uncertainty bode well for high QR performance going forward."
This issue of Quality Trends also looks at International Quality Rankings (IQRs), which rank nearly 19,000 companies in over 100 countries. The report provides a list of A+ ranked issues globally, a list of select high IQR companies in Brazil and China, and a screen of high IQR issues with high ROE and low price-to-book value.
The countries with the highest percentage of B+ and better IQRs include South Africa (42%), India (28%), China (27%), France (27%), Thailand (25%), and Japan (23%). By contrast, the U.S. has 22% of QR companies ranked B+ or better.
The report includes three different high QR strategies:
* A strategy based on dividend growth and dividend yield. The strategy looks for high-yielding stocks that have seen a strong 12-month improvement in the Dividend Score. The Dividend Score is a numerical component of the Quality Ranking, along with the Earnings Score. This is used as a timing indicator.
* An EBIT to invested capital and free cash flow to price strategy, which looks for undervalued stocks (on a free cash flow basis) of companies that are generating strong returns on capital invested in their businesses.
* A strategy based on high QR cyclical stocks (energy, materials, industrials, consumer discretionary, financials, and info tech) and S&P Capital IQ's sector-based multi-factor quant models (QScores). The strategy seeks to identify cyclical stocks for investment during the seasonally strong November through May period.
The largest capitalization stocks identified in these three strategies are: Baxter International (NYSE: BAX); Chevron (NYSE: CVX); Dominion Resources (NYSE: D); Exxon Mobil (NYSE: XOM); International Business Machines (NYSE: IBM); Lockheed Martin (NYSE: LMT); 3M Co. (NYSE: MMM); Microsoft Corp. (NASDAQ: MSFT); Oracle Corp. (NASDAQ: ORCL), and Southern Co. (NYSE: SO). The report can be purchased by calling 1-877-219-1247.
His last round of financing for $5 million very early this year, finally resulted in a debt to stock conversion to something like 4 new shares for every old share, that is where the hoard of shares come. Then when people realized what was happening, or about to happen, and no Terra sales ever materialized, all summer long, the real longs that could dump, dumped, followed by the banksters massive bunch of new shares, and finally the restricted Terra converted shares that had a 12 month Nov 201 to 2011 restriction finally hit. I hung on here until it hit about 15 to 20 cents. Sold at an 80% loss finally.
And from there, it seems this is all we need to know.
If the Company docs not raise funds before it exhausts its current cash position the Company will be unable to continue operations. The Company anticipates that it will exhaust its cash position as of December 31, 2011 and unless additional financing can be secured (for which there are no commitments) the Company will not be able to continue operations after December 31, 2011. Therefore, in the fourth quarter of 2011, in order to conserve cash, the Company began to implement plans to continue California operations while curtailing all but essential personnel at the Corporate level (ROFLMAO!!!, Translation, ED and his paycheck are essential!!!) and cease all operations at the TerraSphere division and all operations at the IWW division other than the operations at the South Canyon Land fill. In addition, the Company is in negotiations, with an investor, whereby the Company would spin off the TerraSphere division. These negotiations have not been completed.
It has been about 4 weeks or more since I called Larry at MVTG to prod him along. Not sure there is much we can do right now. Money has dried up, is drying up, except for huge deals on oil and gas (BHP buying up assets in the billions, like Petrohawk), and with Europe about to implode it looks like it is time to batten down the hatches for a rough ride to me. I hope I am wrong, but recent alt energy news like Solyndra and BCONQ (Beacon, the flywheel energy storage technology that DOE funded a 40 million dollar plant in NY that was fired up 12 months ago) filing for BK after getting 500 and 40 million dollar US DOE loan guarantees is not doing our (MVTG stock) and sector much good right now.
I have decided to start accumulating cash for the next crash, should it come, to buy and add to my favorite picks, like MVTG. But I am not selling anything at these depressed prices to raise the cash. I have shares in another stock that has hit 1 billion dollars in natural gas in Miss., on a single 22,000 foot well they drilled to confirm the find, at a cost of 13 million dollars just to drill the one well. They ran out of money to frack and complete the well (run the pipeline to the nearest buyer, frack the well before beginning production), and they only need about 8 million dollars to finish the well and run the pipe and have a $500,000/month cash flow in 3 months, and even they have been hung up on financing for 6 months. They hit 20,000 PSI natural gas over a 2000 ft shale section, and hold 26,000 acres in the section where the gas is located, making the assets they hold worth $1 billion dollars, and they can't even raise the needed money to finish the first well!!!! (like Larry they have raised some money here and there, and are keeping the doors open, but financing is getting very hard to attract, again). I do know Larry spent a pot full of money on the last patent filings we recently got the PR on.
At least while we wait, Larry is keeping things moving, and keep the ship afloat, unlike Solyndra, and BCOND. (I still have some shares in BCOND, and I am hoping they will survive, and come of out of BK leaner and meaner, but....).
Rest assured Larry is hard at work trying to solve the problem. I had hopes 9 months ago, before the Japan Tsunami of getting Larry into the US DOE funding loop, but like I said, it will be a long while before that piggy bank is ripe again! One place still ripe with cash and that has the drive to deal with CO2 is Australia, as noted by recent articles and funding there. I do know he was pressing the Canadian Government to act and follow the US DOE lead, but that may now have problems as well, after the Solyndra blow up. At least we have a race horse (Larry) that is, was seasoned by the last crash in 2008! And if Europe does not implode, the US seems to be leading the way with solid recovery reading the latest news. I just hope GODZILLA does not drop in next! LOL
I think Larry is a whole lot closer to starting construction of the LaFarge pilot plant, but at this point the delays are getting to be a disappointment.
Great post DeeDog, worth re-reading once a day before looking at the market's daily excuse gossip for the reason for last rise or drop in a price of something, LOL!!!
LOL, maybe they could sell seats and raw fruit and veggies to the investors at the conference, to raise enough cash to right the ship!!! By the way, Ed installed a poison pill for himself and his cronies last year that requires millions in severance pay to fire him and his buddies!!!
And bad news at that. Losses are going up not down, and more share dilution to force debt onto stockholders:
Converted Organics Announces 2011 Year-to-Date and Third Quarter Financial Results; Schedules Shareholder Conference Call
Shareholder Conference Call to be Held on Tuesday, November 22, 2011 at 10 AM EST
BOSTON, Nov. 17, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (OTCBB:COIND) announced today that it had sales for the three months ended September 30, 2011 of $687,659 and a loss for the three months of $5,995,799 compared to sales of $808,582 and a loss of $3,229,402 for the same quarter last year. For the nine months ended September 30, 2011 the Company reported sales of $2,806,545 and a loss of $9,111,381 compared to sales of $2,765,641 and a loss of $8,908,117 for the same period last year. The loss generated in the quarter ended September 30, 2011 is primarily attributable to losses on debt and equity transactions. Further detail is available in the Company's Form 10-Q which was filed on November 14, 2011 and will be discussed during the Company's shareholder conference call which is scheduled for Tuesday, November 22, 2011 at 10:00 AM EST.
"The results for the first three quarters of 2011 show increased sales and improved operating margins. Nevertheless, our progress in developing our businesses is far slower than we expected. We are completing the restructuring process, which we began in 2010; we are reducing our debt through conversions of shares of common stock; we completed a reverse stock split; we are trying to attract additional investment; and we are continuing to try to grow through acquisitions and other transactions." said Edward Gildea, president of Converted Organics.
Converted Organics has scheduled a conference call on Tuesday, November 22, 2011 at 10:00 AM EST to update shareholders on recent business developments and discuss the Company's results for the quarter ended September 30, 2011.
Shareholders who wish to participate in the conference call may telephone (888) 428-7458 from the U.S. and Canada or (201) 604-5177 from international locations. The call will also be broadcasted simultaneously via a live webcast on the Company's website at http://ir.convertedorganics.com/events.cfm and clicking on 'Listen to Webcast'. A recording will remain available on the website after the call ends.
Why are you asking questions that have already been answered here a dozen, if not a hundred times? Petrohawk is not investing here because they are no more, they were bought out by BH Biliton IIRC. Guggenheim is already invested 10% in this well.
The shareholder loans have been to pay bills, keep SEC reports flowing, lights on, to keep the doors open while they seek the RIGHT partner and right JV money deal. It is a bullish sign, not negative as insinuate! Especially since they are not issuing dilution shares, and the loans have been UNSECURED!!!! A bullish sign of confidence by those loaning MNLU and AEXP the cash.
Guggenheim is restricted from loaning against the asset until the well is producing, and they want too much of the pie for more JV cash at this time.
While you are right that day traders have been and are very active in this stock, your other claims are wrong. It has not followed the pattern you claim, up at the open, down at the close, but has 90% of the time followed the major indexes, and is in fact part of one of the indexes (RUT 2000 IIRC), which is part of why it tracks the indexes 90% of the time. The other 10% has been news driven divergence.
Yes 40 cents has been major resistance, as it was once support, but this is a ully reporting, major market cap, real biotech, Nasdaq stock, not a pinky P&D stock, so your claim that "the company dumps new shares at the close" is absolutely false!
With the shortage of water in places like Texas this year, has anyone though of selling that water for fracking new wells instead of using potable water, instead of pumping it into disposal wells, or do they need to put the water back in nearby wells to float the oil, or keep the oil flowing?
I have avoided this sector, and stocks like EXM for a long time now, but I am watching the BDI right now to see if this years BDI breaks out over last years numbers on a cyclical basis or not. The recent 3 month rally in the BDI on a year to year, same month comparison, never reached last years highs, but the BDI rallied today and the year to year same day numbers are now converging for the first time this year.
http://www.dryships.com/pages/report.asp
If the BDI for this month or next month finally breaks out higher than last years highs, in spite of a CAPEX ship glut, it may be an early warning of renewed relative strength, but right now Europe seems to hold all the cards, and could pull the plug with lights out for the world, and a great deal of ship financing is backed by Europe banks which are now in deep trouble!!!