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The CEO has disaapeared, wont take calls and quit answering questions. Not a good sign here, sorry.
Notice the picture of the separator, it has a used brass ball valve on it. If this well had any pressure, it would blow that thing to the moon. They are rated at 300# new. The junk used ones much less. LOL
so you are saying the well is worthless? Why are they putting money into it then?
Interesting thought here. If GSRE does not make its note payments on the $100,000 loan, can the loan go into default and the holders forclose on GSRE share of the Eberle? Then they would own a big chunk of the well instead of worthless stock. And remember, they now control the purse strings of GSRE, as per their own PR's.
I understand that. I guess he posted he was 41 on one board to gain some gray hair credit. So how long can be be 28 or how fast can he turn 41 from 28. Maybe he is counting dog years, I dont know.
But he did say this "This ID is part of an initiative commissioned by the management of Green Star Energies, Inc. in order to support the discussion of factual information and answer questions from investors who have asked them on this message board. As part of this mandate management will be reviewing and editing all posts that will be published by this ID to this board in an order to help clarify and accurately label the facts and help eliminate any misconceptions or false pretenses. "
BUT STILL DO NOT HAVE ANSWERS
CORPINFO,
Is Bulldog, or any of its officers, directors or affiliates selling any GSRE or AEOH stock? Or have you ever issued any to them?
Charts look deadly this morning.
Eat_Sleep_Stocks, I posted that DD showing that Bulldog received a huge chunk of restricted shares a couple of years ago. This gives them a vested interest in putting on a dog and pony show on the Eberle to create value for their stock. They are probably dumping right and left now getting whatever they can since it has been two years. JMO Take it or leave it. Buy some more if you want.
Bulldog well service was paid before in stock. This is all coming together now. Crystal clear, the whole Pig Roast .
"TNOG (.0033) Production Phase Commences After Settlement Reached
Market Wire "US Press Releases "
SAN ANTONIO, TX -- (MARKET WIRE) -- 04/23/07 -- Titan Oil and Gas, Inc. (PINKSHEETS: TNOG) has negotiated its settlement with RR Ventures, d.b.a. Bulldog Well Service. The arrangement was made as part of the management team's multi-phase reorganization plan. "This is an integral step in getting Titan back on track to becoming the company that investors had envisioned. Now we can get on with actual oil and gas production," according to company Vice President Brandon Toth. The payments to Bulldog Well Service will be a combination of cash and restricted stock. The cash component of the settlement will come from the sale of oil and gas from both producing wells and current wells about to go online.
The settlement was reached in an out of court agreement between the two companies after suit had been filed in the 81st Texas Judicial District Court. Both Titan Oil and Gas and Kent Jacobson were named in the suit. While Mr. Jacobson was part of the suit, Titan Oil and Gas management has chosen to sever their ties and make restitution without incurring further complications. "Rather than belaboring the point, we thought this step was important so that Titan could move forward," company president John Marconette stated, when asked to reflect on the agreement.
With the agreement, both management and the company's newly empanelled advisory team came to consensus as to the importance of this part of the first phase. Bulldog Well Service has shown a demonstrable amount of confidence in Titan Oil and Gas' ability to achieve projected production by the terms of the agreement. This agreement also brings to a close the first part of the phased turnaround framework, leading to production as the focus in the management's second phase. Updates will be forthcoming regarding actual production numbers.
ABOUT TITAN OIL AND GAS, INC.
Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
FOR FURTHER INFORMATION PLEASE CONTACT:
Titan Oil and Gas, Inc.
Investor Hotline
1-210-858-5817
Toll Free: 1-888-601-9983
Email: info*titanoilandgas.com
Website: www.titanoilandgas.com
The problem is that STO Operatings two closest wells produce less than 1 barrel of oil per day. The third well is dry. You have to go miles to find a well that is commercial.
Dude, first of all, you are not going to drill a well to the Chalk for $90,000. That is what it would cost to deepen the one they are in. The cost to drill a well to the Chalk/Buda would be closer to $600,000. The Detroit Lions will win the Super Bowl before GSRE ever generates $600,000.
stocksurgeon, who cares about share volume right now, how about Oil Volume?
EatSleepStocks, there cannot be any revenue if they cant sell oil. The RRC has no valid paperwork on the Eberle so the cannot sell any oil even if they did produce it.
Could the Eberle have turn from oil to water already?
they are selling lots of oil out there in Bigfoot Texas. Cash is going somewhere.
I dont care how much volume you are talking about, there will be ZERO revenue without Oil Sales.
You can call the Texas Railroad Commission and they will verify that even if oil is produced, it cannon be sold because there is no valid permit on file.
CORPINFO,
There is no reason to withold production information this long. Please update.
Please post tangible evidence of something encouraging. Otherwise, the lack of any assets, revenue or production will keep this pig down. Pumping pager and dreaming means nothing to the bottom line.
Yes, that is very bad. That is down 95% from its high. It may not survive.
SKunk alley? LOL That is so true of this stock
CORPINFO,
Was Bulldog paid in stock?
CORPINFO,
Have any payments been made for the $100,000 loan yet?
CORPINFO,
The well has been going for a week now. If this well had so much pressure and oil, the one 210 bbl tank should be full. One question is, why would a prudent operator only install one 210 bbl oil tank? When the tank gets full, you will have to shut the well in to sell oil. If you really thought that this well would make some oil, wouldnt you have put in a new tank battery instead of used junk?
teaks, if this is so good, I have some i will sell you for what I got in it. I have about .014 cost. Care to buy to back up your predictions?
How much oil is Eberle producing. I heard it may have died already.
teaks, can you give us some tangible evidence that may influence the price upward? Or are your predictions just fairy tales?
what lies? Be specific
STO Operatings offset wells are non commercial.
Call
to Verify, Edward Shaw at STO OPerating 210-545-5994. The three closest STO wells to Eberle.
1. STO Waschmann, API # 42-021-31590 Dry Hole
2. STO Black API # 42-021-31576 Cum 4515 BO, Current 0.7 BOPD
3. STO Steinback API # 42-021-31571 Cum 3561 BO Current 0.58 BOPD
4. STO BANKRUPTCY PROCEEDINGS NOW
CORPINFO How are you making the $100,000 note payments without production revenue. I understand 3 payments should have been made. Is GSRE current with the note?
Call
to Verify, Edward Shaw at STO OPerating 210-545-5994. The three closest STO wells to Eberle.
1. STO Waschmann, API # 42-021-31590 Dry Hole
2. STO Black API # 42-021-31576 Cum 4515 BO, Current 0.7 BOPD
3. STO Steinback API # 42-021-31571 Cum 3561 BO Current 0.58 BOPD
4. STO BANKRUPTCY PROCEEDINGS NOW
This thing has been on rock bottom for years, how much longer?
I can tell you this, GSRE has been told the volumes, they just dont want to tell anyone.
What tangible evidence make you believe that it will go green or is it just the PR paper that you are banking on?
CORPINFO,
Did Ed Shaw tell you that their well closest to the Eberle watered out and will only make 100% water in the BUDA?
DWB, All three STO wells were drilled through the Buda. Steinback 7960', Wachsmann 6820', abd the Black 6860'.
veloyt, I am not saying GSRE is in Bankruptcy. What I am saying is that the source of information on their PR is very misleading. The source is STO Operatings, Ed Shaw. STO is in Bankruptcy, not GSRE. Ed Shaw failed to mention in his information that the 3 closest wells to EBERLE are basically dusters, what he did mention that another well miles away is a good one. I did the DD and pulled the production Data on STO's 3 closest wells, you make up you mind.
Call to Verify, Edward Shaw at STO OPerating 210-545-5994. The three closest STO wells to Eberle.
1. STO Waschmann, API # 42-021-31590 Dry Hole
2. STO Black API # 42-021-31576 Cum 4515 BO, Current 0.7 BOPD
3. STO Steinback API # 42-021-31571 Cum 3561 BO Current 0.58 BOPD
4. STO BANKRUPTCY PROCEEDINGS NOW
Ed Shaw of STO Operating, who is in Bankruptcy right now, failed to tell Brandon that the closest two STO wells make less than 3 BOPD and have cumd less than 9,000 Bbls between the TWO WELLS. It is easy to pump a good well that is miles away. I wonder if he is now liable for pumping GSRE? I wonder if Toth gave him stock for that? The Bankruptcy Judge may be interested in why he is pumping stock for another company now. Hmmm I will post Ed Shaws contact information shortly. Maybe someone can call him to confirm what I found out. I looked at Drillinginfo.com and found the information.