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.
People who do not buy into BIGN over the next few days are really going to miss the boat.
We have all been waiting for the E. Texas LOI to be finalized for awhile!!!
Shermann
Here is some of my BIGN DD:
There are currently two wells operating in Grimes with two more scheduled to come online soon. The first well was a test well that was only slotted 10 feet, and produced 400+ MCFD. The second well was slotted 150 feet, and produced 1450 MCFD. Since the second well was completed, the flow rate has actually increased to over 1600 MCFD. The projections for the next two wells are in the ball park of 1450 MCFD. Hydroslotting is a lot cheaper than drilling. There are 178 wells that BIGN has rights to in Grimes which BIGN has full geologics on and were producing wells. These wells were capped after approx 30% was used. The Hydroslotting technology costs around 150,000 per well vs. 750,000 to 1,000,000 dollars for drilling, and there will be no dry wells or low producers. BIGN pays 100,000 dollars for one connection to the gas lines which will combine 5 wells or cost 20,000 per well. Everything indicates that BIGN is frugal in terms of how their money is spent. I would anticipate that after these two wells are done, future wells will be done in larger groups. Maybe 5 wells at a time using one connection to the gas lines.
BIGN has (3) different well rework technologies. The demand for these will be huge. In addition, it will allow them to pick up other small companies without this technology for less than they are worth to BIGN. The three technologies are Hydroslotting, N2Vision, and N-CO2. It is amazing that this small company has three different technologies in itself!!!
A Link for the N-CO2 PR:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BDEBE14DC%2DBBB5%2D4299%2D814E%2D9AB6AF8A4BA....
There are currently (2) different Letters of intent to purchase other companies/Assets. There were (3) but the Quitman LOI was dismissed as BIGN felt it was not worth it. The first one is the Big one, and will increase the value of BIGN a lot. It includes Drilling equipment which is important, and diversifies BIGN into Oil as well as Natural Gas. My estimates put the Book Value of BIGN over .10 a share with this purchase alone. The PR for this should be out by the end of the week. A link to the PR:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B046F3338%2D6182%2D4148%2D8790%2DC9FC1568DE4....
More on the E. Texas LOI - It is nice to note that the A/S has been increased from 400 Million to 800 Million shares. The E. Texas LOI is much bigger than BIGN, and I am sure restricted shares are part of the puchase. It is also good to note that the owner of the E. Texas company will be placed on the Board of Directors of BIGN. There are 70 employees of this company and lots of equipment. BIGN needs the equipment and experience, and the E. Texas company needs the rework expertise of BIGN.
In addition, we own 40% of WWNG (oil and gas division) as a joint venture. This company has been very active, and this will provide income without having to do the work!!!
WWNG website for info: http://www.wwenergyinc.com/
There have been some delays.
The first major delay was in the beginning of the year when the torrential rains came in Grimes, and the county was declared a national disaster area. Obviously, this meant no drilling for a while. It also meant a rise in the water tables, and some extra water in the wells. This problem has been addressed, and there has been little rain since then.
The second major delay was CEO Lancansters Health Problems in July and August. He returned to BIGN August 15th, and has been busy concluding the first LOI.
There was a third major delay with the drilling of the next two wells. Apparently, the rig from Schlumberger broke down. They now have an operational rig on site.
The Tyche Dividend (1 share of Tyche for each 30 shares of BIGN) was concluded in June. This gives Tyche enough shareholders to go public, and they will be trading under the symbol TYEG. There is much speculation that Tyche will be brought public as an OTC-BB fully reporting company and BIGN will be merged with it. That means we will no longer be a Pinkie.
Just some thoughts here. I feel that BIGN is about to be hitting on all cylinders, and we will see a string of signifigant announcements over the next 45 days. My honest opinion is that we will be worth .10 to .25 Book Value by the end of the year!!!
Good Luck to All.
Shermann
OMG - No one painted - We are such an ethical group these days!!!!
Shermann
As far as I am concerned, Friday is sale day in Pinkie Land - I will be picking up more BIGN in preparation for next weeks run!!!
I really think the E. Texas LOI is finally complete, and PR's will start to come on a regular basis. And there are quite a number of things that BIGN has their hands in!!!
Shermann
You can be rest assured that UWNK is definitely not a pump and dump.
If you disagree, please feel free to dump.
If you own any shares, that is.
Shermann
As they say:
"A fool and his money are soon parted"
In other words,
People should not believe all they are told.
Shermann
By the way, This accounts for some of the value:
Northamerican Energy Group to Acquire Leases
HOUSTON, Aug. 14, 2006 (PRIMEZONE) -- Northamerican Energy Group Corporation (Pink Sheets:NNYG) announced today that it has signed an agreement to acquire the Southeast Montana Muddy Gas Prospect with General American Oil Properties of Golden, Colorado.
These leases are for 100% of the working interest, and 82.5% of the net revenue interest, and are located in Carter County, Montana.
The leases are for seven (7) Federal and one (1) State lease on approximately 12,955 acres located northeast and adjacent to the Hammond Field that produced gas from 1977 through 1985 and was still producing gas prior to being shut in.
Northamerican has identified in excess of 96 potential drill sites and each site is to be drilled and operated as shallow natural gas wells into the 1300-1900' Muddy Sandstone formation.
The Geological Due Diligence Study, performed by an independent reservoir and engineering firm hired by Northamerican, indicate estimated gas reserves per well of 200-250 Million MCF, based on 80 acre developmental spacing.
This acquisition adds reserves estimated at 19 to 23 billion of gas equivalent based on 96 wells at 135 acre spacing and is valued at $133-170 million based on current natural gas prices.
"We are extremely pleased that we are finally able to conclude the acquisition of this valuable, gas rich, piece of property," stated Jon Ginder, Northamerican Energy Group's CEO.
In addition Northamerican intends to test drill the deeper (3500') Minnelusa structure on the northwestern acreage block because seismic interpretation indicates faulting similar to that found in the nearby northeast Powder River Basin that have produced 5-10 MMBO from the Minnelusa.
Northamerican Energy Group Corporation has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves. The Company will concentrate on acquiring prospects, which are anticipated to have minimal drilling risks, or gas and oil production that have been operating for many years. By acquiring this type of working interests the Company attempts to minimize its risks by not "wildcatting or drilling dry-holes", and incurring any expense of building major infrastructure to get the product to market. Finally, the Company's low-cost operations and low overhead structure allows the Company to maximize the income and revenue from each production lease.
The SEC would have a signifigant problem with this since it is illegal to do.
Shermann
I have money in the proverbial "Black Hole" which will become available to buy more SLJB tomorrow, price willing. With these pennies, I sometimes just trade too quick!!!
Shermann
That is a question that I am not really qualified to answer, but I would say conservatively .04 to .05 relative to what I know. The problem is that I dont know much. I have no idea what is going to happen with the Thorium energy, and other items in the works.
Just a WAG.
Shermann
I dont have any real reason for Wed the 27th for the E. Texas LOI announcement. It just seems like the day to me.
I DEFINITELY think it will be next week.
Shermann
I never did the math on NNYG before. NNYG is way undervalued. In my experience, companies usually do reach their vale, and I for one am looking forward to it.
Many wishes to jchristian, and the best of luck.
Shermann
I have read a lot of Harry Brown's strategy, and it seems to work well for me.
The idea is to have different pots of money, and when one pot grows too big, spread it to the other pots because the big pot will go back down.
I recently did that with UWNK. That pot got too big, so I took some profits, and moved them to BIGN which is the smaller pot with immediate potential for a run. I could not do that with SLJB and NNYG because my pots are already a little too big for those. I was about the same in CKYS as BIGN, but I chose BIGN because I have been following it longer and really think that it will pop soon. We will call it a level of comfort.
There are plenty of other pots I would like to be in like PBLS and EWAN. Just not ready for those yet.
Just some thoughts.
Shermann
A Must read from FUTRCASH - Our Grimes Expert!!!
http://www.investorshub.com/boards/read_msg.asp?message_id=13345810
Shermann
Just some more notes:
There are currently two wells operating in Grimes with two more scheduled to come online soon. The first well was a test well that was only slotted 10 feet, and produced 400+ MCFD. The second well was slotted 150 feet, and produced 1450 MCFD. Since the second well was completed, the flow rate has actually increased to over 1600 MCFD. The projections for the next two wells are in the ball park of 1450 MCFD. Hydroslotting is a lot cheaper than drilling. There are 178 wells that BIGN has rights to in Grimes which BIGN has full geologics on and were producing wells. These wells were capped after approx 30% was used. The Hydroslotting technology costs around 150,000 per well vs. 750,000 to 1,000,000 dollars for drilling, and there will be no dry wells or low producers. BIGN pays 100,000 dollars for one connection to the gas lines which will combine 5 wells or cost 20,000 per well. Everything indicates that BIGN is frugal in terms of how their money is spent. I would anticipate that after these two wells are done, future wells will be done in larger groups. Maybe 5 wells at a time using one connection to the gas lines.
BIGN has (3) different well rework technologies. The demand for these will be huge. In addition, it will allow them to pick up other small companies without this technology for less than they are worth to BIGN. The three technologies are Hydroslotting, N2Vision, and N-CO2. It is amazing that this small company has three different technologies in itself!!!
A Link for the N-CO2 PR:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BDEBE14DC%2DBBB5%2D4299%2D814E%2D9AB6AF8A4BA....
There are currently (2) different Letters of intent to purchase other companies/Assets. There were (3) but the Quitman LOI was dismissed as BIGN felt it was not worth it. The first one is the Big one, and will increase the value of BIGN a lot. It includes Drilling equipment which is important, and diversifies BIGN into Oil as well as Natural Gas. My estimates put the Book Value of BIGN over .10 a share with this purchase alone. The PR for this should be out by the end of the week. A link to the PR:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B046F3338%2D6182%2D4148%2D8790%2DC9FC1568DE4....
More on the E. Texas LOI - It is nice to note that the A/S has been increased from 400 Million to 800 Million shares. The E. Texas LOI is much bigger than BIGN, and I am sure restricted shares are part of the puchase. It is also good to note that the owner of the E. Texas company will be placed on the Board of Directors of BIGN. There are 70 employees of this company and lots of equipment. BIGN needs the equipment and experience, and the E. Texas company needs the rework expertise of BIGN.
In addition, we own 40% of WWNG (oil and gas division) as a joint venture. This company has been very active, and this will provide income without having to do the work!!!
WWNG website for info: http://www.wwenergyinc.com/
There have been some delays.
The first major delay was in the beginning of the year when the torrential rains came in Grimes, and the county was declared a national disaster area. Obviously, this meant no drilling for a while. It also meant a rise in the water tables, and some extra water in the wells. This problem has been addressed, and there has been little rain since then.
The second major delay was CEO Lancansters Health Problems in July and August. He returned to BIGN August 15th, and has been busy concluding the first LOI.
There was a third major delay with the drilling of the next two wells. Apparently, the rig from Schlumberger broke down. They now have an operational rig on site.
The Tyche Dividend (1 share of Tyche for each 30 shares of BIGN) was concluded in June. This gives Tyche enough shareholders to go public, and they will be trading under the symbol TYEG. There is much speculation that Tyche will be brought public as an OTC-BB fully reporting company and BIGN will be merged with it. That means we will no longer be a Pinkie.
Just some thoughts here. I feel that BIGN is about to be hitting on all cylinders, and we will see a string of signifigant announcements over the next 45 days. My honest opinion is that we will be worth .10 to .25 Book Value by the end of the year!!!
Good Luck to All.
Shermann
Nice Link on Hydrojet Slotting:
http://www.ogtf.com/inflow/tech.html
Shermann
A Rehash of the E. Texas LOI:
TYLER, Texas, May 25, 2006 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN) announces that James Lancaster, CEO, has confirmed the execution of the Letter of Intent by all parties, that pertains to the purchase of assets, leases, contracts, agreements and oil reserves, of the East Texas operator.
Lancaster stated, "This transaction will bring to the company a presence in the oil industry that is highly respected -- an operation with a substantial positive cash flow, ownership in over 200 currently producing wells generating over 7,300 bbls/month of crude oil, leases with an estimated 21.84 million bbls/oil in proven reserves, drilling sites for 12 new wells, with a potential for a substantial reserve position in oil and gas. Further, 125 well sites to rework and capitalize the oil production from in the existing field, and equally important, a fully operating exploration/drilling company with a highly regarded reputation in the industry in Texas which will allow the company to do its own drilling, rework and management of wells."
Lancaster continued, "This is the foundation stone being laid for the Company to gather and amass substantial holdings in the oil/gas industry. Today, it is difficult to get a drilling company to perform new well services in less than nine months. This acquisition gives our Company the ability to do its own drilling procedures without reliance upon any other party. That is a definite plus in this industry today."
Shermann
UWNK has had quite a run since it was .25 - I think it is perfectly natural for it to consolidate for a little while - Some people take a profit while newer people get in with a higher base.
I just wish I had got in at .25 instead of .68 - Still extremely pleased here - There is a lot of room to run!!!
Shermann
AAGH - I have been watching it, and it continues to be right around .20 - I expected a pull back to around .15.
There is lots of great potential here, but I am thinking .15 to .16 is the entry point.
Any opinions.
Shermann
OT: Great looking site. I have added it to my favorite links.
Thank-you.
Shermann
Everything including the charts say BUY BIGN. I have been accumulating more BIGN this week, and expect it to do well.
All indications are that the LOI will be announced by the end of the month. This is absolutely huge as the E. Texas LOI is much bigger then BIGN.
Slotting is taking place on two wells in the Grimes.
I also expect a steady stream of announcements after the completion of the LOI is announced. There was a lot that could not be said due to the tremendous size of the acquisition.
Shermann
Everything including the charts say BUY BIGN. I have been accumulating more BIGN this week, and expect it to do well.
All indications are that the LOI will be announced by the end of the month. This is absolutely huge as the E. Texas LOI is much bigger then BIGN.
Slotting is taking place on two wells in the Grimes.
I also expect a steady stream of announcements after the completion of the LOI is announced. There was a lot that could not be said due to the tremendous size of the acquisition.
Shermann
Thank-you so much for the charting.
I did sell some UWNK and buy some BIGN with it.
Wouldn't the Fully audited financials of SLJB on saturday change everyting?? Especially if they announce next week they are going from Pink Sheets to the OTC-BB?
Shermann
Anyone who makes money on this are the smart ones!!!
This stock is at the low end of the cycle right now.
What do people say when it is on the high end???
Shermann
I hate to mention it, but I think a lot of people have noticed by now!!!
This stock has a lot more legs to it - Thankfully!!!
Shermann
It definitely looks like someone is accumulating SLJB (Speaker Left JBl for memory purposes) big time prior to the run coming in the next couple of days!!!
I picked up a little more today to test the waters, but it was not easy until about 3:15.
I think this will be allowed to run tomorrow.
Just my humble little opinion!!!
Shermann
I would like to take this opportunity to thank whomever painted the tape.
This is getting exciting - 7 business days until the end of the month!!!
Shermann
If you want SLJB, get it now - I have had a buy on the ask at .175 for 4 minutes now, and no dice.
Shermann
Alright - Someone Fess Up - Who's buying all of the shares!!!
This thing has been .165x.175 all day long.
Shermann
Someone is loading up big time on SLJB - B/A has been .165/.175 forever today.
That is extremely unusual for this stock. I picked up even more this AM.
Shermann
Coy - SLJB has held in that .17 to .175 trading range for awhile. This seems highly unusual for this stock.
Also, the bid has been pretty much at .165 and there have been hardly any trades below .17.
Looks like someone is loading up.
Shermann
I dont think that I have enough time to post all of my losers!!!
My dad always said cut your losses short and let your profits run.
I see that in pennies, it is good to take a small loss and go with the hot horse, then put money back into that small loss stock.
Everything happens so fast in pennies.
Shermann
2.6 times what you paid in (3) years.
When the E. Texas LOI is announced, the share price will be 2.6 times what it is now in (3) days.
These are penny stocks. The risks are part of reaping the rewards.
Shermann
There is something to be said for a positive attitude!!!
I have no idea why you keep bashing. Since it makes no sense to bash a stock you own ....
The E. Texas LOI is imminent. Just kick back, have a libation, and enjoy it when it happens.
Shermann
I say the 27th.
What's in a week!!!! All evidence is the E. Texas LOI is a done deal!!!
Shermann
The only way I could get filled was at the ask (.175) - Noone seems to be letting these shares go.
Shermann
Some Profit Taking and consolidation.
A very good sign. It gives new investors a chance to get in at "SALE" prices. And yes we did open at 1.15 yesterday!!!
Shermann
Gotta love it!!!
I have no problem with the slight delay from the auditors. Anyone who has dealt with auditors knows they are always late!!!
Shermann
I am sure they will fill - They filled my nibbles this AM!!!
I did some research on what the company says they are going to do, and what they do.
They do what they say!!!
Shermann
Congratulations on a great price for SLJB.
I too sold my TRSI and put that in SLJB and UWNK.
I am still holding BIGN and waiting for the next 2 announcements of which the LOI will be within (2) weeks.
Never got back into AAGH - Still waiting for that Blood-letting Sell off for reconciliation!!! You are a good teacher!!!
Shermann