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Anyone for lunch today? We are running a special on Pigroast shorts today! LOL
Congrats to those who bought and held the recent lows in MNLU and AEXP. I actually bought the bottom on AEXP precisely at the bottom (for once), at .015, they will be sale for back $1 sometime soon I hope!
LMAO, "Resistance is Futile" sayeth the Borg!
.15 is now history! Printing .16 now, and no signs of slowing down!!
LOL, buy them both!!!! LOL
Did the % float drop, possibly indicating insider buying, or insider financing converted to common shares?
OPEX expiration was Friday. It is part of the game of setting options prices IMHO. But Europe rallied too:
After showing a lack of direction throughout much of the trading day on Monday, European stocks showed a strong upward move going into the close, ending the day firmly in positive territory. The markets benefited from reports that European leaders made progress on dealing with the regional debt crisis at a summit over the weekend, although final decisions are not expected to be made until a separate summit on Wednesday. The leaders are reportedly close to agreements on recapitalizing European banks and leveraging the European Financial Stability Facility bailout fund. "Work is going well on the banks, and on the fund and the possibilities of using the fund, the options are converging," French President Nicolas Sarkozy told reporters at the Brussels summit. "On the question of Greece, things are moving along.
AP Business Writer
(AP:NEW YORK) Stocks are rising strongly after a round of corporate takeovers and reports that Europe's bailout fund will be larger than anticipated.
Mattel and J.M. Smucker were among companies that rose after announcing acquisitions. Caterpillar jumped 5.5 percent after it raised its profit forecast for the year.
Indexes jumped about thirty minutes after the market opened on reports that the powers of Europe's financial rescue program will be greatly expanded. That may help prevent a credit crisis.
Will be interesting to see if it pushes through to .20 with little resistance from .15/.16 area. If it does, this could fly, and volume should pick up!!!
I see the lack of huge volume as a good sign that no one is selling, even at this price!!!!
This seems to indicate that they are in some advanced stage of working out a JV alliance. I take alliance to mean more than one new partner.
Mike Newport 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.
We should also see a quarterly report in the next 14 days IIRC.
OTC best bid (5000 share minimum MM bid) is .061 (I think .07 is the 52 week low), not a good sign of any bounce pending yet. My last buy was at .07, I am still holding 2 years worth of share buys (averaging down), and will add if there is any more bid bashing way down under. This one is a very cheap sleeper, that will wake up and run hard again IMHO.
I don't think the flooding this year started until May IIRC. Yes it is just the access road that floods, and or gets washed out. The site and the pipeline stay high and dry according to Jerry.
It looks like the recent press frontal assault on the fracking waste water disposal issue will take a back seat now. I see this as positive news!!!!:
http://yosemite.epa.gov/opa/admpress.nsf/1e5ab1124055f3b28525781f0042ed40/91e7fadb4b114c4a8525792f00542001!OpenDocument
EPA Announces Schedule to Develop Natural Gas Wastewater Standards/Announcement is part of administration’s priority to ensure natural gas development continues safely and responsibly
Release date: 10/20/2011
Contact Information: Enesta Jones, jones.enesta@epa.gov, 202-564-7873, 202-564-4355
WASHINGTON — The U.S. Environmental Protection Agency (EPA) is announcing a schedule to develop standards for wastewater discharges produced by natural gas extraction from underground coalbed and shale formations. No comprehensive set of national standards exists at this time for the disposal of wastewater discharged from natural gas extraction activities, and over the coming months EPA will begin the process of developing a proposed standard with the input of stakeholders – including industry and public health groups. Today’s announcement is in line with the priorities identified in the president’s Blueprint for a Secure Energy Future, and is consistent with the Secretary of Energy Advisory Board recommendations on steps to support the safe development of natural gas resources.
"The president has made clear that natural gas has a central role to play in our energy economy. That is why we are taking steps -- in coordination with our federal partners and informed by the input of industry experts, states and public health organizations -- to make sure the needs of our energy future are met safely and responsibly,” said EPA Administrator Lisa P. Jackson. "We can protect the health of American families and communities at the same time we ensure access to all of the important resources that make up our energy economy. The American people expect and deserve nothing less."
Recent technology and operational improvements in extracting natural gas resources, particularly shale gas, have increased gas drilling activities across the country. Production from shale formations has grown from a negligible amount just a few years ago to almost 15 percent of total U.S. natural gas production and this share is expected to triple in the coming decades. The sharp rise in domestic production has improved U.S. energy security and created jobs, and as with any resource the administration is committed to ensuring that we continue to leverage these resources safely and responsibly, including understanding any potential impact on water resources.
Shale Gas Standards:
Currently, wastewater associated with shale gas extraction is prohibited from being directly discharged to waterways and other waters of the U.S. While some of the wastewater from shale gas extraction is reused or re-injected, a significant amount still requires disposal. As a result, some shale gas wastewater is transported to treatment plants, many of which are not properly equipped to treat this type of wastewater. EPA will consider standards based on demonstrated, economically achievable technologies, for shale gas wastewater that must be met before going to a treatment facility.
Coalbed Methane Standards:
Wastewater associated with coalbed methane extraction is not currently subject to national standards for being directly discharged into waterways and for pre-treatment standards. Its regulation is left to individual states. For coalbed methane, EPA will be considering uniform national standards based on economically achievable technologies.
Information reviewed by EPA, including state supplied wastewater sampling data, have documented elevated levels of pollutants entering surface waters as a result of inadequate treatment at facilities. To ensure that these wastewaters receive proper treatment and can be properly handled by treatment plants, EPA will gather data, consult with stakeholders, including ongoing consultation with industry, and solicit public comment on a proposed rule for coalbed methane in 2013 and a proposed rule for shale gas in 2014.
The schedule for coalbed methane is shorter because EPA has already gathered extensive data and information in this area, EPA will take the additional time to gather comparable data on shale gas. In particular, EPA will be looking at the potential for cost-effective steps for pretreatment of this wastewater based on practices and technologies that are already available and being deployed or tested by industry to reduce pollutants in these discharges.
Please do not turn this post into a political debate, but it looks like the recent press frontal assault on the fracking waste water disposal issue will take a back seat now. I see this as positive news!!!!:
http://yosemite.epa.gov/opa/admpress.nsf/1e5ab1124055f3b28525781f0042ed40/91e7fadb4b114c4a8525792f00542001!OpenDocument
EPA Announces Schedule to Develop Natural Gas Wastewater Standards/Announcement is part of administration’s priority to ensure natural gas development continues safely and responsibly
Release date: 10/20/2011
Contact Information: Enesta Jones, jones.enesta@epa.gov, 202-564-7873, 202-564-4355
WASHINGTON — The U.S. Environmental Protection Agency (EPA) is announcing a schedule to develop standards for wastewater discharges produced by natural gas extraction from underground coalbed and shale formations. No comprehensive set of national standards exists at this time for the disposal of wastewater discharged from natural gas extraction activities, and over the coming months EPA will begin the process of developing a proposed standard with the input of stakeholders – including industry and public health groups. Today’s announcement is in line with the priorities identified in the president’s Blueprint for a Secure Energy Future, and is consistent with the Secretary of Energy Advisory Board recommendations on steps to support the safe development of natural gas resources.
"The president has made clear that natural gas has a central role to play in our energy economy. That is why we are taking steps -- in coordination with our federal partners and informed by the input of industry experts, states and public health organizations -- to make sure the needs of our energy future are met safely and responsibly,” said EPA Administrator Lisa P. Jackson. "We can protect the health of American families and communities at the same time we ensure access to all of the important resources that make up our energy economy. The American people expect and deserve nothing less."
Recent technology and operational improvements in extracting natural gas resources, particularly shale gas, have increased gas drilling activities across the country. Production from shale formations has grown from a negligible amount just a few years ago to almost 15 percent of total U.S. natural gas production and this share is expected to triple in the coming decades. The sharp rise in domestic production has improved U.S. energy security and created jobs, and as with any resource the administration is committed to ensuring that we continue to leverage these resources safely and responsibly, including understanding any potential impact on water resources.
Shale Gas Standards:
Currently, wastewater associated with shale gas extraction is prohibited from being directly discharged to waterways and other waters of the U.S. While some of the wastewater from shale gas extraction is reused or re-injected, a significant amount still requires disposal. As a result, some shale gas wastewater is transported to treatment plants, many of which are not properly equipped to treat this type of wastewater. EPA will consider standards based on demonstrated, economically achievable technologies, for shale gas wastewater that must be met before going to a treatment facility.
Coalbed Methane Standards:
Wastewater associated with coalbed methane extraction is not currently subject to national standards for being directly discharged into waterways and for pre-treatment standards. Its regulation is left to individual states. For coalbed methane, EPA will be considering uniform national standards based on economically achievable technologies.
Information reviewed by EPA, including state supplied wastewater sampling data, have documented elevated levels of pollutants entering surface waters as a result of inadequate treatment at facilities. To ensure that these wastewaters receive proper treatment and can be properly handled by treatment plants, EPA will gather data, consult with stakeholders, including ongoing consultation with industry, and solicit public comment on a proposed rule for coalbed methane in 2013 and a proposed rule for shale gas in 2014.
The schedule for coalbed methane is shorter because EPA has already gathered extensive data and information in this area, EPA will take the additional time to gather comparable data on shale gas. In particular, EPA will be looking at the potential for cost-effective steps for pretreatment of this wastewater based on practices and technologies that are already available and being deployed or tested by industry to reduce pollutants in these discharges.
I wonder if there is more than just NG being looked at now? This new guy is also an expert on oil in special high pressure formations (from what little I have read so far about him), and there has been occasional speculation of smackover oil just a little deeper than the current well depth.
I am not an O&G exploration engineer (I am out of my league here), but I wonder if you can produce a well like BP#1 for several years to lower the local geologic pressure, and then re-enter the well, or drill a new well next to the BP#1, and go deeper once the local pressure has been reduced enough to permit safer drilling just a little deeper?
Interesting new NG play article today from Seeking Alpha:
http://seekingalpha.com/article/300216-looking-for-the-next-natural-gas-play?ifp=0&source=email_alternative_energy_investing
Deal #2
Let's assume the price moves back to $5 within a few years. If that's the case, what are the best ways to play the trend? Well, Norway's Statoil (NYSE: STO) has just decided to acquire Brigham Exploration for a whopping $4.4 billion. [Tony Daltorio also recently wrote about Statoil's huge new oil finds in the North Sea.]
Curiously, multi-national energy firms typically buy U.S. companies for their oil, not gas, because oil is a much more fungible global commodity. Statoil is clearly focused on U.S. energy market opportunities because natural gas produced in the North America invariably stays here. By acquiring Brigham (along with a $3.4 billion purchase of assets from Chesapeake Energy (NYSE: CHK) in 2008 and a $225 million purchase of shale acreage from Talisman Energy (NYSE: TLM) in June), Statoil is tacitly expressing the belief that the U.S. natural gas market offers some of the strongest potential returns in the global energy industry.
Merrill Lynch notes Southwestern has chosen to avoid hedging, meaning it hasn't locked up its output at moderately higher prices, as many producers have. "We think this could be an indication of the industry's view on natural gas prices trudging at near floor levels." Said another way, Southwestern's stock has more upside than most if gas prices start to rebound in coming quarters.
One more indication we are in the right place.
http://seekingalpha.com/article/300216-looking-for-the-next-natural-gas-play?ifp=0&source=email_alternative_energy_investing
Also a good indication that the NG pipeline companies will see steady growth in NG pipeline flows for a long time.
MVTG is years ahead of most everyone technology wise, except maybe in the financial arena. Many others that are working on worthless pipe dreams, have raised huge amounts of cash that will go to waist, like the money Bill Gates has tossed around on several pie in the sky ideas that have no chance of working.
Sounds like it also time to start doing DD on who is in the pipe and pipeline installation business.
Nice signs of volume and early rally here. Nice to see signs of life again.
Here is a link to an interesting battle over CO2 emission limits in California reported to be requiring expensive CO2 emission mitigation expenditures according the food processors in the CARB regulated region of California. They are claiming compliance with the regs will raise the cost of food they make. On the other hand CARB says global warming (or climate change) will raise the cost of food anyway if they do nothing about CO2 emissions.
http://www.fresnobee.com/2011/10/18/2582056/food-processors-slam-new-gas-emissions.html#disqus_thread
This just showed up on my radar as well:
http://tech.fortune.cnn.com/2011/10/07/the-business-of-cooling-the-planet/
It may not have anything to do directly with EGOH today, but it is relevant to the question of who or what Questus is since we have so little public information available about Questus, and it may very well prove to be far more relevant in the future than you think.
All I can say is WOW!!!! Last word from PigRoast was they are broke, and can't afford to file the latest report, LOL, ya right! And out of left field comes news that they can afford this GEM!!! LOL Pig better cover his shorts fast!!!
HOUSTON, Oct. 21, 2011 /PRNewswire/ -- Mainland Resources, Inc., (the "Company") (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.
Symbol:
MNLU – OTCQB, Symbol: 5MN; Frankfurt, WKN No.: A0ND6N
Contact:
Investor Relations (USA)
Toll-Free North America +1-877-662-3668
Investor Relations (Europe)
Tel. +49-69-7593-8408
Questus is merging with Green Star.
Delayed is no big deal, very common. Nice try. The delay is typically 15 days. Would be nice if the delay is going result in including good financing news!
We have a tradeable price range again here, which lead to some volume finally. Also the price range is way to low based on the market cap!!! We have had .10 to $1.00 spread for months now with no volume here. This may be the bottom, and the early stage of rally from the bottom in Manhattan shares!
Signs of life here today!!!! Up 20%, on volume while WS goes sideways (wild swings up and down) like it has a dual personality disorder, LOL!
Don't know, but CBAK and CRTP are both way up today, both also China battery stocks like ABAT, so ABAT may rally any minute if it is a trend in China battery stocks, as ABAT is the most profitable, most undervalued of the three!
I own shares in all three.
Just curious how this turned out?
About Petrolia Group LLC - New Joint Venture Partner For Oklahoma
Investor Relations: Posted on Monday, January 31, 2011 8:34 AM
Petrolia Group, LLC is a privately held, licensed operator in Texas and currently operates approximately 10,300 net mineral acres, 87 wells, 31 miles of pipeline, and an in-active 23.5 BCF gas storage facility in Brown and Comanche County Texas. An independent reserve report dated January 2010 estimates total reserves under Petrolia Group management to be 3.6 billion cubic feet of natural gas and 7.4 million barrels of oil. Petrolia Group specializes in re-development, in-fill drilling, secondary recovery, and modern well completion techniques to revitalize existing production and enhance previously developed, but unexploited reserves. Petrolia Group is actively pursuing development and on-shore acquisition opportunities throughout the US including resource-shale plays, joint-ventures, farm-outs, and contract operating opportunities.
I already called the TRRC, like I said before, and asked for help searching their database.........and their engineer and I, together, found no info on EGOH at all! Which is why I started asking questions!
All I did was as him to back up his claim that the TRRC fines and holds on the EGOH leases had been handled, dealt with (as he claimed), and are no longer a problem, with direct proof and details, with verifiable data that he seems to believe he has access to. That is not too much to ask for, from someone who claims they know the facts, and says the facts are XYZ...!!!
If someone says they have second hand (but unverified) info, rumors, rumors of pending news, and so on, I would not ask for verification. But if some one tells us in a post here that 2=3, I am going to ask them to prove that 2=3!
Frankly, I am starting to wonder why so many here are so willing to take statements as fact with no real concrete proof, and then raise hell when someone asks for proof of their claims?
I have done my own research and DD, and I posted and shared it here recently, some of it was brand new, and the results conflicted with what some have said here, so I asked them to show me their DD, and proof of their claims that things are progressing. And now some want to make excuses for not backing up their statements with some sort of proof? At Least Wildcat finally posted some lease numbers and details (like I asked for) that can be followed up at the TRRC, after I grilled him. And I thank him for that!!!!
I am starting to think it might have been helpful if I had gone to dental school, and learned a little more about teeth pulling and extractions!!!!!
Edit: This looks impressive!
http://www.oginfo.com/website/rrc_operators_details_county/PETROLIA%20GROUP,%20L.L.C./COMANCHE/0
Financial deal negotiations are almost never discussed in the news, or outside of the key insiders involved. It is TABOO, and can lead to lawsuits I believe, or at least can kill a deal before it even happens. It is typical for the people involved in such negotiations to be contractually barred from discussing or reveling details (or in some cases even the existence of such negotiations). At least we know that they are leaving no stone unturned, and are looking for the best deal they can get. Don't forget our new director, Jerry owns at least 10% of the current shares issued. And he was made a director when they started looking for the money or JV deal.
Even new management is likely to dilute and do a R/S in the process of bringing in new money. They would be insane not to. Or they will wait for BK, and some clown, maybe Ed, will buy up the pieces Patents) in BK for chump change and start it all over.
The more I think about, the more I think a company like Walmart or Kroger, if they decide to move to indoor farming, will just design their own hardware package by hiring an engineering team of their own.
Edward Gildea, President of Converted Organics, comments, We are considering a broad range of options to help us bring value to Converted Organics' shareholders
LMAO!!!! And the check is in the mail too! LOL
Only thing Ed has ever brought COIN investors is devastation to their investment in COIN while he lined his pocked with a huge fat paycheck!!!
LL, quoting your earlier post:
"Questus is 100% just got delayed with the old violations, which are taken care of at this point"
Can you show us proof that "the old violations, which are taken care of at this point"?
Heads up CBAK'ers, volume and price spike this morning, from .70 to .93, up over 20%!!!! Something is up!!!!
Up nearly 50% already from the 52 week low, and the book value is still about $2.20/share!!!
Dream on. The waste water division is no where near break even, and has only delivered 1 system in 2 years now since it was formed, that is a tiny little system, with tiny revenue.
This change in the financials is just one more accounting trick to sugar coat the lies and miss direction as to what the book value is, or is not, most of which is based on a huge over payment for Terrasphere which also has no new sales since it was acquired, thus the "good will" stated book value should be market down to zero, but instead they are saying they will increase it, LOL, just more lie, in writing to cloud over the truth. It is time a law firm stepped in and sued them for miss statements and lies in the SEC reports.
All right, now we are getting somewhere!!!! Thanks for the link and post!!!!
Now was that so hard to do? LMAO!!! Jeesh, like pulling teeth sometimes, LOL.
Now does anyone know what well numbers , etc we should be watching for early news?
LOL, you wont see me selling at .015! Buying maybe, but not selling!
SE. Even in our prior contact, it was never clear to me until right now that Questus would not be the operator, as well as the deep pocket. If it was not clear to me (which may have been my fault? I don't know), it certainly was not clear to many others here.
Wildcat jumped my case (prior post today), with out answering my question / request, so I did what I do best to try and annoy him enough to get him (or even you) to post some real links to something people can track back to EGOH or Questus that shows some kind of progress or attempted progress at the TRRC. People that do not know you or wildcat are not going to buy and hold shares if they can not see what you see.
Why is it so hard to drop some sort of DD link ( a crumb or two, LOL) for all to see something that shows that Questus (or as I am now informed, Petrolia) have done anything on paper with the TRRC?
All I and others want is some TRRC link CRUMBS please?
Lastly I am not bashing, just trying to help others here get some third party verifiable details to give them enough confidence to believe that there is something real going on here. It does not matter how much oil is in the ground, if the lease holder can't get the ball moving.
Only reason I am holding EGOH shares is because of you. If it were not for your work on this one, and my trust in you, I would not have touched this one with a ten foot pole.
Lastly I am not saying Wildcat (or you for that matter) does not know what he is saying, I am asking for some sort of document post or link that indicates something is actually going on at the TRRC for other lurkers here, even if it is just evidence a P*ssing contest going on at the TRRC say 2-3 months ago, LOL. I don't care who posts it, Wilmot, you, Wildcat, or God himself, LOL.
Do we know the TRRC well numbers (I don't) that will, or might go into service first? Surely there is something at the TRRC we can post a link to and explain its meaning for those who are thinking of testing the water, or thinking of bailing out now?
Am I being unreasonable with this request?
LOL, at the rate these clowns are going we are going to need to add about 4-5 more bases to the baseball diamond, for when on 4th, why on 5th, why not on 6th, etc, LOL!
At least someone (must be who from who ville) is buying today!
LMAO!
Sorry but I am just not impressed with your last post below. EGOH is not "the landowner"!!! They own controlling interest in the leases. A mineral rights lease, the last time I checked, did not constitute land ownership.
I know SE very well, and he knows me. None of the "Facts" you two posted (that I know of) have been directly verifiable from an independent source or link, which is what I keep asking for, but no one seems to want to post?
So are you saying that Petrolia group will be the operator on the EGOH wells? Why not Questus?
If EGOH owns the leases (or at least controlling interest) why don't they show up at the TRRC. I was told here and by SE that EGOH had fines and liens of some sort on the wells that Questus needed to clear before the wells could be reworked and restarted. If the TRRC has no record of EGOH lease control of these wells, how can we ever do DD and verify the leases even exist? What you are telling me here, does not jive with what SE has told me.
Most of us were given the impression that Questus would be the operator. Why are they not going to be the operator? I already know a good bit about B&B oil, another old disaster tied to EGOH's past.
This is all starting to sound like musical chairs, who is on first, what is on second, and I don't know is on third, LMAO!!!
So far Petrolia just looks like another dummy front to me, new front. Their web site is extremely unimpressive and new!!!
IIRC SE told me Questus had already taken care of some of the fines or similar issues with the EGOH wells. Surely we can find some written proof of that and post it or post a link to it?
I just doubled my share count in MHAND!!! Christmas came early!!!
Short seller attack articles and short selling ABAT shares as well as similar attacks on most similar Chinese stocks. Search Google for ABAT and Seeking alpha" for the articles.
WildcatDriller,
Thanks for that post, but since you are "in the businness" and know your way around the TRRC, why not post an actual link to some of the recent TRRC web site data base info that shows that some progress has been made by Questus?
I called the TRRC about 4-6 weeks ago, and they told me they could not find anything in their data base on EGOH, and they (one of the engineers at TRRC I managed to get on the phone for a 1/2 hour) said they had never heard of EGOH or Questus.
Why is it so hard for those who claim to have done the hard core DD to show (post) a link to something that confirms that Questus has worked on solving the TRRC issues that we are told EGOH had. Hell I could not even find anything in the TRRC data base that said EGOH even had any problems with the TRRC, much less that Questus has dealt with them yet. I spent a half day on the phone and digging in their data base (to no avail), but I did not have any of the search data numbers needed (like a well number, which EGOH has not shared with us) to really dig beyond the public corporate names used by EGOH and Questus, neither of which show up in the TRRC data base. And don't tell me I dont know how to search, I wrote the book on internet searches ages ago, LOL.
I do Texas environmental work for a living (Bio-Chem Eng.), TCEQ, I don't have that problem finding info at the TCEQ!
FBC is on fire now! I just checked the insider details, and the latest Form 4s, and institutional holders shows that both must have been buying and no insider selling this time (versus 2-3 months ago), institutions selling abated and switched to buying and the insiders kept their form 4 shares (part of their payroll), this time instead of selling the shares for cash!!!
So we may have finally seen the bottom, unless Europe finally goes under.
Counter argument can be made, that most people here know enough of the bad facts about EGOH, and the technicals on the chart show strong, rising support at the higher lows, in spite of a large increase in share count this year, which means that smart money is and has been accumulating here at the low sell offs on each cycle up and down for some reason.
What you may be missing is that many of the longs here know some people in the industry that have done some serious DD, that are buying and holding, and many of us are long because they are in the stock. Also EGOH has held up very well the last 3 months while many other stocks have gotten hammered. Oddly enough my EGOH shares I bought at the bottom have outperformed my AA shares the last 4-5 months.