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mule,
Just wanted to say thanks for all your hard work on the board.
Always remember they only come after the guy with the ball.
chevy56 ;]
RU, taken from another board,
chevy56
Centurion Gold Holdings Inc (RB: CGHI)
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By: airplanec50
08 Feb 2007, 06:11 PM EST
Msg. 9453 of 9454
Jump to msg. #
Joobutel,
Thanks for the info:
Cook Inlet units get OK
State OKs Forest’s Corsair unit, Escopeta’s Kitchen, North Alexander units
Kristen Nelson
Petroleum News
The State of Alaska’s Division of Oil and Gas said Jan. 31 it has approved three Cook Inlet basin units that were applied for by operators Forest Oil and Escopeta Oil.
Two of the approved units, the Corsair prospect operated by Forest and the Kitchen prospects operated by Escopeta, are offshore in Upper Cook Inlet. The third new unit, Escopeta’s North Alexander prospect, is onshore on the west side of Cook Inlet northeast of the Lewis River gas field.
Leases within each of the new units were set to expire if unitization was not approved by the division, which is part of the Alaska Department of Natural Resources.
Escopeta pursuing other jack-ups
Escopeta Oil President Danny Davis told Petroleum News Jan. 31 that he was “pleased” that the state “had the foresight to see the benefit of approving” the independent’s Kitchen and North Alexander units.
“Since it became clear that the Songa Tellus jack-up rig would not be available to us, several companies have offered Escopeta proposals for jack-up rigs which they would be more than happy to send to Alaska,” Davis said. “We are working with financial partners to share the risk of exploration and we’re confident we will have an agreement in place within 30 to 45 days to proceed with our Cook Inlet exploration plans.”
Corsair requires well by 2008
Since filing for the Corsair unit, Forest has put its Alaska assets up for sale, so most of the exploration commitments for the unit will likely be fulfilled by a purchaser, rather than Forest.
The company’s five-year plan of operation proposes to drill one well at the 10,185-acre unit which is some 12 miles southwest of North Cook Inlet field. The five-year plans include exploring and developing the Sterling-Beluga interval, with exploration activities in the first three years of the plan. A jack-up rig will be required to drill at Corsair, and Forest agreed to provide evidence by Dec. 31, 2007, that it has a rig commitment enabling it to drill a well no later than Dec. 31, 2008.
If that drilling commitment is not met, Forest would pay the state $25 per acre for the acreage in the three leases which would have expired Jan. 31, 2007, without unit formation, and relinquish the fourth lease, due to expire April 30, 2008.
If the exploration well is not drilled by Dec. 31, 2008, the unit will terminate and Forest will owe the state $35 an acre for all of the leases in the unit.
Given favorable results from exploration well data, in the third year of the plan Forest would conduct extended testing “to confirm the presence of gas in commercial quantities” and apply to form an initial participating area by Jan. 31, 2010, or the unit terminates. In the fourth year of the plan, Forest is to consider a second Corsair exploration well and in the fifth year submit applications for pipelines and infrastructure necessary for commercial production.
North Alexander an onshore gas prospect
North Alexander is an onshore gas prospect where Escopeta proposes to drill and test sandstones within the Beluga and Tyonek formations, with secondary gas objectives in the lower Sterling and Bell Island formations. The state said there are also coals that may serve as coalbed methane reservoirs and they will also be evaluated.
The terms of the unit, which includes portions of four state leases, require Escopeta to drill a well in the winter of 2007-08 and the unit terminates Jan. 31, 2009, or sooner, if Escopeta does not fulfill its work requirements. The division said this is the soonest a well can be drilled at North Alexander because access will be limited to ice roads.
Escopeta’s Kitchen unit
Escopeta’s Kitchen unit contains two prospects, the East Kitchen and the Kitchen.
The division said that because of the significant challenges Escopeta will face in securing a jack-up rig, it asked for a firm commitment to drill a well in 2007, and required that Escopeta drill a well on either the East Kitchen or Kitchen prospect in 2007.
The division noted that Escopeta has been working to bring a jack-up rig to Cook Inlet for several years.
The initial plan of exploration was amended. As approved, it runs from Feb. 1 to Dec. 31, 2007, and requires the drilling of one well by Dec. 31, 2007, to one of three bottomhole locations within the unit to a 16,000 to 20,000 foot true vertical depth to test the Sterling, Beluga, Tyonek and Hemlock formations. Escopeta is required to log the well and to provide the division with a copy of all new seismic information it acquires.
The division said that unless it approves a second plan of exploration, or an initial plan of development, the Kitchen unit will terminate Dec. 31, 2007.
Way to go JOOBUTEL,
Airplanec50
Patrick, companies have problems all the time.
I had a stock I purchased sometime ago, it was a 5 dollar stock, they got got sued big time, in a short time it went to 99 bucks a share.
Look at any company, it`s going to happen.
MGMX will get through this, if I thought any different I would sell and move on.
chevy56
mule, ask them if they are going to do damage control, It`s only a transfer agent they want to get paid, so
pay them and get this show on the road.....
Things happen.
Geologist report and production numbers.
Thanks chevy56
Just a design.
chevy56
mule,
I can wait on the geo. report.
My feeling they are on cousrse, just a matter of time now.
chevy56
Just my thoughts......
Give the company time, share price going down, just mms. There time is short now.
chevy56
Mgmx should come out with production numbers, confirmation of geologist report, which they claim to be working on....
It would be nice to hear those words, stock buy back...
Shorters would have to cover this stock.
We will go up big time.
Hope that happens soon....
chevy56
mule.
No problem.
chevy56
mule,
I checked with board (Ragingbull) members(gwgo), no resposnse there. Also I checked to see if Ken Lamb`s name would pop up with Calvf, it`s another stock that has been in the dumps for sometime.
Seems i`ve heard his name with another stock I own, could be wrong, will continue to look...
chevy56
mule,
Let me ask around.
chevy56
The difference between GWGO and MGMX, GWGO ( NO gold),
GWGO has never turned a shovel.
chevy56
wzebra,
Exceptional story...Great.
chevy56
RU,
Same here no reply. Noticed GOF1.BE (Centurions counter part) more activity this week.
On no news....
chevy56
mule,
MGMX seems to be straight forward, I don`t completely understand the mining business....
Although it is great they acknowledge the board.
chevy56
In a gold bull market, even the worse gold stock will do well.
May the Gold Gods be with us.
chevy56
mule,
Thanks, I saw that to.
chevy
lizard,
On that geologist report, I`m sure you or any one else can e-mail the company and get the same response.
It`s not that big of a deal.
Decent of the company to give that info.. Most companies will not reply to a single person, will usually offer answers only in there PR..
chevy56
silver,
Thanks for your insight.
chevy56
Mephisto,
I have heard Equipment for the mining business is sometimes scarce and expensive.
chevy56
Mephisto,
Would like to see how much gold they really have.
Time will tell, we are at the begining of this Gold Bull Market.
chevy56
It`s been said, in a gold bull market even the worse gold stock will do well.
alien,
All we can do is wait.
chevy56
One day I`m going to become a people, and see what all the hub-bub is about.
silver,
How much gold would you say is in that picture, if it is indeed gold?.
Your PR 17611, seems you have some expertise in this area.
My other question if you can tell me, is there a certain amount of gold that a company has to produce a month before it can call it self a producer.....
chevy56
Alien,
This is the first day of the month, we should get another PR soon...
Some Junior Gold stocks will wait months before giving up any info....
chevy56
I have other junior gold stocks, some are moving, others barley like this one. Another from Columbia that has not given a PR since last year.
I`m willing to give it more time.
Gold Bull Market has just started...
It`s been said, in a gold bull market, even the worse gold stock will do well.
Time will tell.
chevy56
To every one on the board, heres the e-mail from MGMX, after reading the board and feeling every ones pain, I thought it only right to show this e-mail, I deleted my e-mail and name from header.
chevy56
At present we are working on acquiring a geologist to verify previous
reports done and reconfirm the projections. Once a geologist has been
hired we will announce it to the public along with their credentials.
Thank You,
Management
silver,
Great info.
Thanks chevy56
tebelli,
Went to website, no did not have to show proof.
I was surprised to get a reply.
chevy56
Alien,
Yes I will buy more.
chevy56
One day I`m going to become a people, and see what things are all about.
Vivat,
I asked about Geologist report. which they did respond ....
Also they ask that it not be made public at this time...
So I will honor it.
chevy56
pretty,
Spot gold hit $652.20.
I hope this is the official start of wave 3 in the Gold Bull market.
WOW.
Hope So.
chevy56
Mephisto,
This must be a GREAT company, I e-mailed MGMX monday,
got a reply this morning.
Other gold stocks I own have not heard anything IN MONTHS..
Please excuse my emotional OUT BURST. Happy for the Attention.
chevy56
iternity,
Let them keep dumping, I need more cheap shares.
Gold going up, only a i#$3% would dump under these conditions.
chevy56
shortchange,
Great opinion.
chevy56
just my thoughts.
Response from GWGO President
chevy56
« GWGO Message list | Reply to msg. | Post new msg. « Older | Newer »
By: thepep
25 Jan 2007, 12:31 PM EST
Msg. 25905 of 25907
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Bezzano is alive. Received response from my email of Dec. 6.
Dear Stockholder,
RE : GREAT WEST GOLD, INC. ("GWGO")
I have recently been appointed as President of Great West Gold, Inc., an appointment that was delayed until the end of December 2006, due to various internal problems and disagreements at Great West Gold, Inc., these being between the President and substantial Bondholders. These "internal disagreements" delayed my actual appointment as your Company's President and I was not actually appointed on that date that I, and the Company's professional advisors had assumed in light of the fact that the requisite resignations from the Company's Board had not in fact, taken place; and this prohibited me from communicating with stockholders. Furthermore, I can assure you that I am now in full control of the day to day affairs of the Company, with the previous Management now having no association of whatsoever nature with the Company. It is my hope to provide some immediate relief to stockholders, which if possible, will allow me publish details of this transaction, very shortly.
I have, for the past two weeks, been familiarising myself with the Company, all outstanding issues affecting the Company's credibility and more importantly, numerous stockholders concerns. I have now been in a position to read all of the stockholder communications with the Company and am now fully aware as to the immediate requirements and demands of our stockholders.
Please believe me that I fully understand and appreciate stockholder concerns and their absolute frustration at this point. I am in a position to assure stockholders that all outstanding dividend issues as well as appointment of Auditors are matters that we have in hand at this point. Stockholders may rest assured that the Company is not contemplating a Reverse Split of the Company's Stock nor is the Company altering its plans to unlock stockholder value as a matter of some urgency. Please appreciate that I will announce all of our plans once finalized and that I will publicise these in great detail, very shortly. Having read all of stockholder communications, I really appreciate the anxiety of our stockholders, which I will demonstrate, is unfounded.
I will, very shortly, be issuing a Press Release detailing our resolution of each of the outstanding problems that are of enormous concern to both myself and to stockholders.
You may however rest assured, that I will be responding to each query submitted to the Company, within the next few weeks. You may appreciate that this is an enormous task given the sheer number of requests for information. I have ascertained that stockholder queries to the Company have been unanswered for a period of three months.
I am now in a position to assure you that each of every outstanding issue will be resolved shortly and that my immediate brief is to (a) resolve outstanding stock dividends (b) Appoint the new Auditors (c) bring filings up to date (d) improve stockholder communications (f) restore the Company to the OTC BB Market (g) update the Corporate web site and (h) proceed with the stated plans to unlock value for the stockholders.
I would ask that stockholders appreciate that I am addressing all issues as a matter of urgency and that a few weeks patience would be much appreciated. I am also fully aware that current stock price is unacceptable to both the stockholders and to the Bondholders of the Company, I trust that our efforts will rectify this situation in the short term.
Kind Regards
Peter J Bezzano
President
Great West Gold, Inc.
Letter response from President of GWGO, Ragingbull Board.
Message thepep.
chevy56
Alien,
Look`s like the gold bull market is shaping up,
All we need are numbers...
chevy56
According to this old PR, some pictures do reflect the company..
More pictures in the future..
chevy56
MGM Mineral Resources Announces Recent Corporate Activities
Wednesday October 25, 2:00 pm ET
TORONTO--(MARKET WIRE)--Oct 25, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
ADVERTISEMENT
Although it has been some time since a recent news release, MGM Mineral Resources has been maintaining all short term and long term goals. A report was drafted recently by company C.E.O. Mr. Jairo Giraldo regarding the recent progress, acquisitions, and ongoing work at the mines.
During the week of October 8, 2006, Mr. Giraldo met with Manager of Operations, Mr. Fabian Llanos and reviewed the various issues pertaining to the Company. These included production, exploration, and communications. They are very content that all these issues are being addressed.
PRODUCTION -- Las Malvinas is the Company's main focus and is in current production. This includes all lab work, processing and extraction stages. Tunnels are in place, they are clean and very accessible, as well as in the process of transporting updated equipment to the site for more advanced extraction.
DEVELOPMENT -- La Esperanza remains the Company's cornerstone and is currently in talks with external international geologists in order to ratify all findings and geological numbers. The Company wants to confirm their findings and move this project into the high production stages.
COMMUNICATIONS -- The Company wants to improve their communications with the shareholders and has been attaining this goal in several ways. They are currently training a bilingual receptionist to which all shareholder calls and emails will be directed. As such, shareholders will be able to get in touch with someone in the South American or North American areas.
"As many may be aware, we have opened our doors to various shareholders lately in order to confirm the veracity of our Company," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "We have met with some of our shareholders and have been keeping in touch to the best of our current abilities, as well as have allowed pictures to be taken, including out in Segovia, at the shareholders own risk. We did notice that our shareholders have been posting various pictures of our operations and although the pictures are not officially sanctioned pictures of MGM Mineral Resources, they do reflect our Company and can add to shareholder confidence once they see the reality of our projects."
The Company will release additional pictures shortly, including parts of the operation that were not explored by some shareholders.
"We are anxious to release any upcoming technical information pertaining to Las Malvinas," concludes Jairo Giraldo. "Production and shareholder confidence has been our main focus over the past month and we will continue to push towards a bright future."
About MGM Mineral Resources (Other OTC:MGMX.PK - News)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but, is now extending to other areas throughout the country. For more information please visit www.mgmmining.com
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact:
Contact:
Mr. Kenneth Lamb
President
416-214-7847
Thanks every one,.
chevy
penny,
Thanks, just took another heart pill, better now.
chevy