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lol...I was just gonna post that.
they pressure tested the casing to make sure there are no leaks...half hour test at 1500 psi (pounds per square inch)
So tomorrow is day 45. What happens if they don't release any filings?
Hopefully he'll get off the plane and race straight over to the office to get a PR out for us.
wow...someone just dumped over 4 million shares @0.0022
we should have a decent close today imo. peeps will wanna be in just in case we get a pre-market PR tomorrow.
Just noticed a little action on this one in my account today. I own 15 shares after the R/S, might be good for a big mac & fries or maybe even a box of beer if I'm really lucky...lol. I see the new website is up and running http://www.imdcompanies.com/index.html.
Slow day so far...hopefully it picks up a bit for power hour.
Nice find...thanks
Check out Rainmaker's initial DD post when he first alerted the merger
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57610807
Thanks, I sold most of my shares after they announced the R/S but kept a few for the roundup play. I'm interested to see how this plays out.
Good morning Rainmaker, have you seen the latest filings released for YCKM? I would like to get your thoughts on the following post please.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59320457
I have been doing some digging to find out if Kepco has any disposal wells in the area. I found that they do have one and as the crow flies is only 1.18 miles away from our well.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=203150
http://img200.imagevenue.com/img.php?image=37045_googlezlus_122_126lo.jpg
The google earth imagery date is May 17, 2009. Please correct me if I'm wrong but in the image it looks like our well is flooded. I'm not sure if this is the same annual flooding that is preventing Corestream from drilling the Sanders #1 well but if it is annual flooding then we have to assume that for a couple months of the year there is no access to the lease (unless you have a boat). For this reason I'm thinking that Kepco may have the neighboring well flowing into a pipeline that we could possibly flow into as well. I'm trying to find some pipeline maps but no luck so far, will post it if I do find one.
They don't truck out water. They would drill an injection well to pump the water back into the ground. Trucking would be extremely expensive.
The good new here is that zlus's well will be able to use the existing injection well.
hmmmm.....interesting! This might turn into more than just beer money after all.
Nice green close! Have a good weekend everyone. See ya Monday
Thanks Glen that was awesome 1st post on the board. Hopefully you'll stick around, its obvious you know what you're talking about.
I found a couple video animations on youtube about the drilling procedure and oil production.
Exactly, I agree 100%. All the nervous Nellie's in pinkyland seem to be almost bi-polar if they don't get a PR every couple of weeks. I am averaged at 0.004 so am down almost 50% right now. Am I happy about the pps dropping to these levels? Of course not...but I believe in my DD and that of others here and am not gonna panic. I have some experience in oil & gas and I know it takes time to get things done. Everyone just needs to take a chill pill and relax. News will come and I will be here to reap the rewards. GLTA
So whats going on? If you have some new info I would appreciate you sharing it.
Just the daily morning drop to shake out stop loss orders and weak hands. It happens damn near every morning...nothing to worry about IMO. GLTA
What the heck is going on? I haven't seen this much action here in a long time. Possible insiders buying before news?
Wow, I can't believe how quiet it is today. Under 4 mil so far...calm before the storm. Wish I had more powder, I'd be smacking these 32's like a cheap ho...lol. GLTA
It looks like its still trading to me, I'm showing UBSS on the bid at 0.04 and UBSS on the ask at 0.05. Showing 2 trades so far today, first at 9:30 and the last at 10:18.
IMO you never showed any confidence in ZLUS. Perhaps that's why its best you're moving on. GLTU
I personally think you're gonna regret that decision very soon but good luck with your other investments. Go ZLUS
I'm still holding a few shares here. Anyone have an idea when the R/S is supposed to go through?
Have a great weekend everyone! See ya Tuesday.
I think his handle is Dannoninvest and if I remember right he was going to check things out this weekend. GLTA
So sell and move on then. Your constant daily whining here doesn't do anything except annoy people. You call yourself a long but I have to disagree after looking at your posts here. I think you jumped in near the top of the last run looking to flip for a quick profit, the pps fell and you got stuck in the red. Any true long doesn't care if the stock is red for a few days. We have confidence in our DD and the company and know the share price is gonna bounce back. GLTA
I just received an investor update email from Gary in the IR department
Hi fellow CoreStream Energy shareholders and other interested investors,
This past year I have had the pleasure of communicating with you time to time. I'm pleased today to let you know that I have been retained by the company to continue to be a primary interface between you and the company.
I would also like to make you aware that I'm going to be a way from my phone for the next month as I take a long planned trip to SE Asia. I plan to be close to the internet daily when ever possible so I encourage you to send notes and save your dialing until I return. I will let you know when my phone is back in action. Of course, the corporate office (214-624-5200) is also available to you.
CoreStream has gotten off to such a great start in 2011 and results have been delivered only 6 months after the new management announced a new direction for the company. The company is pleased with its progress and looks forward to a very successful year for the company and improvement in shareholder value.
As always, if you would like to be taken off the list receiving this note please let me know.
PS: Okay... so just picture this old guy with a backpack on and a chicken on his lap in a over-loaded tuk-tuk searching for a youth hostel (with internet services of course...) to stay the night....yep, I think you got it! lol
Gary
Gary Patterson
ir@corestreamenergy.com
714-369-2933
That is crap, it went down from .0039 to .0036 towards the end. The momentum here has gone.Not only that, I think that something is wrong here.
The company must have had some sort of drilling program worked out prior to drilling. They most likely knew how many wells they are going to drill and the best locations to drill them even before they signed the deal with Kepco and the first well was spudded. An oil company does not hire a drilling rig to do 1 hole and then tell them to sit for a few weeks until they decide on another location. Well locations are predetermined before drilling starts and the rig will just move from site to site. So in my opinion the rig is probably already on a new location or in the process of moving. They will not wait on the Cat lake well and drill it next in the spring. Most likely already drilling or getting ready to drill. JMO GLTA
With a PR and golden cross coming we could be in for a very good day tomorrow. GLTA
This morning I sent an email to ir@corestreamenergy.com asking about the PR that was scheduled for this week. I just got a reply back from Gary stating
Yep, my best understanding is tomorrow they will issue a PR.
Thanks for the interest,
Somebody is getting 49's
This early morning shake is getting too predictable. Every morning they take it down trying to get cheap shares from stop loss orders.
Is my L2 messed up? I'm seeing both the bid and ask @ 0.0054
I've been watching VPRO L2 and all I can say is OMFG! Congrats to everyone there.
I was hoping on a small pullback this morning and was able to pick up some more at .0051. I'm out of powder now so this can leave the launch pad anytime. GLTA
One of your posts was deleted so now you're gonna throw a tantrum like an 8 year old kid? Grow up