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CHAG mentioned in after hours report:
http://www.otcbbnn.com/pm-05112001.htm
Peace,
M&M Man
Tinberrygood. . .Do you think we'll ever get that "big" American partner LOL!
Anyway. . .have been watching (lurking) your posts. . .keep up the great work! Don't take the "hits" on the Raging (or is that Rabid?) Bull's site too seriously. Stand back a bit. Some of the longs that bought into the bubble era. . .are going to keep hitting those with patience and that were in prior to the pathetic runup. Anyway, keep the faith. Great to see you out there defending our stock!
Peace,
M&M Man
News out on Kansas property (COMTEX) B: Energy Company Chancellor Group, Inc. Announces Shinkle F
B: Energy Company Chancellor Group, Inc. Announces Shinkle Field A-3, B-10, and
B-19 Wells are Now Online
BOSTON, May 11, 2001 (BUSINESS WIRE) -- Chancellor Group Inc. (OTC: CHAG)
announced today that their Kansas Shinkle Field oil wells A-3, B-10, and B-19
have been pulled, and brought online.
Bill Stinson, chief geologist with Chancellor Group announced today that three
more oil wells have been brought online, and will assist in building up the
company's production levels. Mr. Stinson stated that the addition of the A-3 oil
well together with the `Big Bertha' oil well should help increase production
flows into the storage tanks for pick-up. Mr. Stinson also commented that
remedial work continues on the existing producing wells, as the company ramps up
the pumps that have been dormant for close to 18 months.
The addition of these wells, and the A-12 (`Big Bertha') now brings the total
wells currently producing on the Shinkle Field oil and gas property to 8.
Current oil production flow rates, and an announcement of an oil pick-up will be
announced shortly in a further press release.
Chancellor Group, Inc. currently has approximately 29.7 million shares of
primary common stock issued and outstanding, and 38 million shares fully
diluted.
Chancellor Group web site: http://www.chancellorgroupinc.com
Investor Research (real audio): http://www.wallstreetnewscast.com/chag.html
Chancellor Group Yahoo Club: http://www.yahoo.com/clubs/chancellorgroup
Corporate profile also at http://www.oiland gasprofiles.com
http://www.wallstreetdailypress.com
Certain information included in this communication contains statements that are
forward looking, such as statements relating to the future anticipated direction
of the industry, plans for future expansion, various business development
activities, planned capital expenditures, future funding sources, 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.
CONTACT: Chancellor Group, Inc.
Ashraf Khan, Chairman / CEO
ceo@chancellorgroupinc.com
or
Wall Street Newscast
Broker / Investment contact
Tom Bustamante, 212/233-9301
tom@wallstreetnewscast.net
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: ENERGY
OIL/GAS
*** end of story ***
I did NOT like the idea that CHAG has once again missed the timeline for an announced LIVE interview with Tom Bustamante. This is getting rediculous.
Peace,
M&M Man
Hi Ray,
I think that would be a good idea. Perhaps that is one of the questions we could run by on the RB message thread/interview with Tom Bustamante, today? The only problem is, I believe it is not permitted for CEO's or executives of any company to post on a public message board. The CHAG Club site on Yahoo! was set up by CHAG . . .for conversation with their investors. So I believe they are okay to post there. On this thread, however, there is a different intent. This thread was set up by investors in CHAG to inform one another of concerns with the organization (positive or negative) so that we can present CHAG's management with questions (developed from the concerns). Investors are a bit more free to speak, on this thread. I'd hate to sever that freedom. Nonetheless, your thought is one that ran across my own mind.
Peace,
M&M Man
George. . .
I hope you are right. I gathered another 10,000 shares today. I think I'll stop now. Give it a year/break. If CHAG can deliver 1/3 of their expectations, I should be able to upgrade my Ford Explorer LOL.
Anyway. . .thanks for the tip on the driver. I probably have been swinging too hard! I can do better driving with my 7 iron than I can with my wood!
Peace,
M&M Man
PS: Anyone else having problems accessing the CHAG Club site on Yahoo!? I'm tired of trying to get that page to load. I hope Shane can move the chatboard for CHAG to the CHAG web site (after updating). Lets hope tomorrow's report brings us some green.
Marty. . .
I would assume that would all depend on how deep they have to go to get to the oil. Some wells need only go a few thousand feet deep. . .while some may need to go a few miles deep! That makes a big difference. Everything is relevent in the oil business. The pressure under the well is also going to make a big difference on the volume the well will produce. It's quite the science. If your friend has done their homework, they should know to take a close look at the geological surveys of the property. . .or to speak with the chief geologist of the property they have invested in. Perhaps they already have? Anyway, no fast and steady answer to that question. Too many other variables to consider.
Keep us posted if you find anything out that can help us all understand the duration of time it takes to drill.
Peace,
M&M Man
Tinberrygood~~
Thanks for all your message board posts. Even though there aren't many posts on this thread, most of them are quality provisions. Lets hope our HRCT team can pull out of their tailspin and get the shop in gear. I'm very happy there is "no news (shareholder's letters inclusive)" that is being distributed from HRCTLand. I like the idea that we'll all know the most recent COMPLETED deals after they are COMPLETE.
Peace,
M&M Man
George. . .
My soon to be. . .wife. . .is having a very difficult time finding a job (here in TN). We are most certainly facing recession. However, I don't believe we'll ever see another depression. The market is turning around. Energy will continue to be a hot item during the Bush administration and beyond. Particularly natural gas. CHAG is set to deliver, and is delivering. We can only pick up speed from here. That is, unless something very strange takes place. Lets hope for the forward moving element.
Peace,
M&M Man
Historical Quotes
CHANCELLOR GROUP INC
Prices Available: 07/18/95 through 05/07/01
Ticker: CHAG
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
04/09/01 7,000 0.54 0 1/2 0 1/2
04/10/01 14,300 0.54 0.51 0.54
04/11/01 25,200 0.54 0.43 0.43
04/12/01 100 0.51 0.51 0.51
04/16/01 47,500 0.45 0.42 0.42
04/17/01 136,400 0.45 0.32 0.33
04/18/01 230,800 0.48 0.37 0.42
04/19/01 29,400 0.44 0.38 0.38
04/20/01 42,100 0.42 0.38 0.41
04/23/01 59,600 0.41 0.34 0.34
04/24/01 15,100 0.40 0.40 0.40
04/25/01 289,400 0.45 0.39 0.40
04/26/01 116,100 0.41 0.37 0.37
04/27/01 104,500 0.38 0.35 0.37
04/30/01 36,000 0.38 0.35 0.35
05/01/01 40,700 0.38 0.35 0.37
05/02/01 142,300 0.41 0.37 0.38
05/03/01 73,300 0.41 0.40 0.40
05/04/01 14,800 0.40 0.38 0.40
05/07/01 10,400 0.41 0.41 0.41
05/08/01 Volume exceeded 180,000 shares. Price ends at 40 cents. Oil is now pumping from Big Bertha and several other wells on the Kansas property will soon be operational. At the present volume of oil stated to be pumping from the wells in Kansas (30 BOPD from Big Bertha and ~~ 20 from the other wells) we have approximately 50 BPD. At a price of 25 dollars per barrel. . .CHAG will have monthly revenues of ~~ 37,500 dollars. There are three more wells that are apparently getting prepared to begin pumping. CHAG still believes they will reach their goal of 2,500 BOPD from the Kansas property. That equates to approximately 1,875,500 dollars in revenue in a one month period. Hmmm?
The stock is trading at 40 cents per share on above average volume. Natural gas from the Kansas property is expected to meet or exceed the revenues from the crude oil production. Granted, there is a lot of work to be done to get the natural gas piped upstream (65 miles worth of pipe laying). But in addition to revenues from the natural gas CHAG comes up with. . .other properties in Kansas that utilize the pipeline that CHAG puts in will have to pay a fee for using their pipeline. So, CHAG creates more revenue. Probably enough to pay the pipeline construction off in a very short time. I still like what I'm seeing here.
Anyone can add to the commentary based on the projections above. . .please, feel free. In one year, this company just may build a small empire. Particularly with the Glass Mountain projects right over the hill.
Peace,
M&M Man
George. . .LOL! At any rate. . .
This is the latest message from Tom Bustamante:
"LIVE Online Investor Call in set for Thursday at...
>>> http://talkradio.lycos.com/talkradio/lycos/showguide/sg_tjbio.asp?jockeyid=4053
Thursday at 3pm EST CHAG will come on to update investors on production, and will take you calls live. Will email out in the club....let others know about live call in. Hope this is a good time!"
Peace,
M&M Man
MBR ~~ Thanks for that message! I'm going to post it on other small cap message boards and send it off to a few more CEOs. Lets hope swift action can be taken by the CEO's of small caps against these bashing idiots.
Peace,
M&M Man
Kato. . .
I believe Shane mentioned they may get as much as 200 bpd out of Big Bertha alone. Right now, production is about 40 to 60 bpd of all the wells that are presently running. They expect to reach 2,500 bpd when all wells are operating at full capacity. It's going to take some time, but at least revenues are running. We have no hard numbers on the production of Big Bertha. . .as of yet. . .but many of us are watching.
Peace,
M&M Man
Part II ~~ I also thought about BB stock holders who have seen the same bashers working against their stocks. . .to supeona Raging Bull and sue them for permitting falsified information to continue to exist (perjury, lible, slander, defamation ~~ it happens so often over there. . .it is rediculous). But is it worth investor's time? I just don't know. However, anyone that enjoys reading that crap posted by "Theposter" and his crackpot buddies. . .has to be gonzo. Anyway, just dreaming I suppose. . .now back to the batcave. . .
Peace,
M&M Man
Can someone please explain to me what the "PAL" committee is? I find that it is about time companies take action against the bashers (particularly the ones mentioned by 1moodyblue). I know I should probably know what that committee is. . .but I haven't had time to ponder researching action against bashers. Nonetheless. . .it's actually more exciting to see what will go against them that what is going for HRCT!
Peace,
M&M's Mark
Monday May 7, 3:50 pm Eastern Time
Chancellor Group, Inc. Announces Oil Well, `Big Bertha' is Now Online
BOSTON--(BUSINESS WIRE)--May 7, 2001--Oil and Natural Gas company Chancellor Group Inc. (OTCBB:CHAG - news) announced today that its Shinkle Field A-12 oil well `Big Bertha' is now online.
The output of Shinkle Field's A-12 oil well ``Big Bertha' is a significant step towards reaching the company's projected total production goals. Chancellor Group currently has 3 oil wells online on its Shinkle Field property. In addition, the A-3 well is expected to be online shortly.
Chancellor Group, Inc. currently has approximately 29.7 million shares of primary common stock issued and outstanding, and 38 million shares fully diluted.
Chancellor Group web site: http://www.chancellorgroupinc.com
Investor Research (real audio): http://www.wallstreetnewscast.com/chag.html
Chancellor Group Yahoo Club: http://clubs.yahoo.com/clubs/chancellorgroup
Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, 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.
--------------------------------------------------------------------------------
Contact:
Chancellor Group, Inc.
Ashraf Kahn, 310/277-6595
or
Broker/Investment Contact:
Wall Street Newscast, Inc.
Tom Bustamante, 212/625-9928
tom@wallstreetnewscast.net
"Big Bertha", the A-12 well, came on stream again on Friday night, and is pumping an approximate average ratio of 90% crude oil and 10% salt water. We will endeavour to establish flow rates for this and the other wells as soon as possible, and we hope to have the first crude shipment leaving the field on Monday or Tuesday. Chancellor regrets that flow rates have not been where we expected due to ongoing equipment and well repairs and limited available free capital. The company is making real and continuing progress at the property, however, and is confident that the rate of this progress will gather speed. We also regret that whilst 99% of our stockholders have been patient and supportive, there is that small element of people who have nothing better to do than criticise a management team that is working its socks off to make this company a success for everyone. It is hard enough doing what we are doing and need to do without putting up with this sort of errant nonsense from people who have no understanding as to what goes into building and maintaining a successful business in a difficult economic and financing environment. Chancellor management is appalled at the attacks levelled at it by some of these people. You can be sure of one thing : put in our position they would turn to jelly. We have no compunction in deleting those people from this site. Constructive criticism we can take,but we refuse to tolerate some of the recent nonsense we have witnessed here. There is a place for that sort of stuff : its called "Raging Bull".
Previous quotation was taken from the CHAG Club's Yahoo! site ~~
Peace,
M&M Man
Tinberrygood ~~
Interesting catch. However, for months we have been seeing Sinobull's logo hither and yon. . .and the same goes for StreamingAsia. We've waited for the IPO ~~ and we're patient with delays. Now it's May.
One question, since the Doc has stated on numerous occassions that they do not expect the market to improve until later this year, is that when we should expect the IPO of SA? Afterall, isn't Yuanta the group that is "dragging their feet?" Now, correct me if I'm wrong. . .but the Nasdaq bounced off of the ugliest level we have seen in over two years. The DOW also BOUNCED from a low I would have never expected to see. That, is called a "recovery." Is the market weak now? As all I'm saying is. . .Yuanta wanted to wait until the market regained momentum/strength. Which market were they referring to? Was it the stock market? Was it actually intended to term, "the industry that HRCT is involved with (/SA)? What market were they talking about?
Okay ~~ still keeping the faith.
Peace,
M&M Man
1moodyblue ~~ I'm with you! At this point in time the only reason I can see a delay in the IPO of SA is because HRCT simply wasn't prepared to IPO the stock. . .or something else is in the making (that will hopefully "come to pass").
With the recent volume on HRCT's shares (and moderate price increase) it is apparent that the OTC BB is gaining a little attention. The AMEX, NASD and DJIA indices have all stabilized. I wouldn't call it a major bull run, by any stretch of imagination. However, the market appears to be coming off of its ultimate bottom (for the present day and age). There is no reason why SA could not have IPO'd over the past couple of weeks. . .unless there is something going on inside of HRCTLand that would prevent that from happening.
If Yuanta wishes to wait for "market conditions" to improve, they waited too long. I just can't believe that is the excuse. The perfect time to IPO is when the market is at a bottom and is headed up. Otherwise. . .doesn't everyone see what happened to the IPO's of dozens of companies on the NASD when the "market was good?" Who informs those idiots?
Anyway. . .I would suspect that HRCT has something else going on that is preventing the SA IPO from taking place. God forbid they would be lying to anyone. That would not be good. Anyway. . .this OTC BB ~~ is quite interesting. HRCT management. . .impress me pleaze (notice the "Z").
Peace,
M&M Man
General George ~~ That is exactly why this site was created. People that have a difficult time attaining more information on CHAG (or any other investment) need a place to go where they won't be hammered down and battered when they pose "doubt" or "inquiry." On this message thread, if we can find the answers, we will find them. Make sure you forward the ihub link and let your friend come here ~~ so we can do our best to keep them informed. Of course, they will also benefit from knowing about the Yahoo! site where Shane answers inquiries (not always cordial).
Keep up the great work!
Peace,
M&M Man
Oil field update posted on the Chancellor site:
"Following is a brief field update. We willupdate in the next working day or so in respect to the first crude shipment :
The pulling rig arrived late yesterday afternoon. They were stuck on
another job in a nearby field. Big Bertha has been pulled. The seals are
being replaced on the downhole equipment pulled out of the hole as this
report is being written. It will start pumping this evening.
Another 3 wells will be pulled within the next 24 hours. One of the three
wells is not going to be a big producer but it is right by the Chancellor
at the entrance to our lease. We have started negotiations with the
pulling rig company to lease their rotary rig. The rig will be ready to go
the first or second of June. Zeke is contacting mudlogging companies and
other ancillary personnel. As we are pressed to deliver our first load of
oil, I think I've come up with a way of bypassing the stock tanks and
drawing it straight out of the gun barrel. This may all be a moot point if
Big Bertha performs the way I think it will. "
Keeping the faith,
M&M Man
Hrctpower ~~ Series 144 (restricted shares) are offered in several forms. They can frequently be purchased through companies via private placements. They are not negotiable for a period of 12 to 24 months (depending on the type of stock that is purchased) and need to be registered with the SEC before they can be traded. Usually, companies that offer this type of stock are trying to raise capital to build their business. They are one of the highest risk stock positions that can be purchased by investors (primarily because companies raising this type of capital are in dire need of cash). They are also very much LESS liquid than open market shares. Therefore, trading them is quite a task. It takes about a month for a sale of this type of stock to settle, whereas a typical stock transaction only takes 48 to 72 hours. Anyway. . .after the restriction period is over, this stock can be sold on the open market. Most small companies will offer Series 144-D stock to investors that are willing to purchase a big enough block.
Peace,
M&M Man
EZ ~~
Diversify. No problem with that. And also, "sell too soon."
Peace,
M&M Man
Your maturity level shows. How do you know I'm not converting 144 shares into open market shares? You don't. You are a typical smart ass.
Peace,
M&M Man
HRCT - HARTCOURT COMPANIES INC NEW
Exchange: OTCBB
Delay: at least 15 minutes
Last Price: 0.70 at 16:00 EDT
Change: Up 0.04 (+6.06%)
High: 0.72 at 15:55 EDT
Low: 0.61 at 14:57 EDT
Open: 0.66
Previous Close: 0.66 on 5/2
Volume: 1,043,400
Shares Outstanding: 60,504,000
Market Cap.: 42,352,800
Currency Units: US Dollar
Confirm all data with your broker or financial advisor before trading.
Data by: S&P ComStock
Nice volume. I would have to say that somebody has found out about the outcome of some of these latest meetings inside HRCTLand. Then again. . .anybody watching KKRS? The OTC BB seems to be picking up some speed. Perhaps the docs brought out the ventillator LOL!
Peace,
M&M Man
EZ ~~
We're watching. Lets hope we get some action and volume and more news hits the wire!
Peace,
M&M Man
I'm watching the action and can truly appreciate the volume. But has anyone else noticed the volume on the OTC BB market, today? I'm watching KKRS, CHAG and HRCT ~~ all are trading much heavier than normal. Quite simply. . .it appears that the market makers have cleared their short positions. Now, they're working "investor's" sentiment. Many understand how it works. Run the stock down so that sellers keep a selling. . .run it up so that buyers keep a buying. Very strange how it seldom works the other way around (sell on the way up. . .buy at the bottom).
Anyway. . .it's an imperfect world. I wonder if this is a "head fake" upward? Lets put it this way. . .the charts look good.
Keeping the faith,
M&M Man
EZ ~~ Lets hope we're headed back to a buck. Interesting how the bashers seem to have hidden their heads (on other sites). It's so easy to see. The bashers come out in full force when they need to cover their short positions. Then, AFTER they have covered. . .the stock follows demand patterns. After the hike. . .the market makers will bring their bashers back so another round of shorting can take place. Life goes on, and on. . .and on. . .and on ~~ all the while.
Peace,
M&M Man
EZ ~~ Looks like you've been in touch with Tennisstud LOL! Anyway. . .check out the CHAG chart:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
I'm thinking we're going to follow suit with some of the other OTC BB stocks (upward ~~ short-term). I do not, however, believe that the trend will last long.
Peace,
M&M Man
GOOD TIME TO JUMP BACK IN.
BY JACK BURNEY
Published by OTCNN.com
Market Maker Manipulation for all its greed-inspired
illegality and distastefulness has created an unprecedented opportunity for OTCBB investors.
Unscrupulous MMs have brought the price of hundreds
of stock far below their current value, not to mention their future potential.
Take your pick, do your homework, and buy stocks that
meet your criteria - at the bargain prices that prevail today, and hurry, because this opportunity may not last for long.
Remember, Microsoft once sold for 67 cents a share,
so smile when
someone says, "I don't buy penny stocks."
Just be sure the stocks you buy have valid prospects
for growth.
The stock of a company with a proven technology that
hasn't yet been marketed or even publicized, for example.
One with something the world will need in years to
come.
One that is well managed and sufficiently financed to
carry out its
plans and make its dreams - and
yours -- come true.
Yes, by all means, do your homework.
But when you get a good one, then buy it and hang on.
Refuse to be phased by the ups and downs.
Quality stocks will ride them out and emerge in growth
mode.
Even the suppressive touch of the outlaw MM is only
temporary.
He can't hang onto his short position forever.
---
Peace,
M&M Man
GOOD TIME TO JUMP BACK IN.
BY JACK BURNEY
Published by OTCNN.com
Market Maker Manipulation for all its greed-inspired
illegality and distastefulness has created an unprecedented opportunity for OTCBB investors.
Unscrupulous MMs have brought the price of hundreds
of stock far below their current value, not to mention their future potential.
Take your pick, do your homework, and buy stocks that
meet your criteria - at the bargain prices that prevail today, and hurry, because this opportunity may not last for long.
Remember, Microsoft once sold for 67 cents a share,
so smile when
someone says, "I don't buy penny stocks."
Just be sure the stocks you buy have valid prospects
for growth.
The stock of a company with a proven technology that
hasn't yet been marketed or even publicized, for example.
One with something the world will need in years to
come.
One that is well managed and sufficiently financed to
carry out its
plans and make its dreams - and
yours -- come true.
Yes, by all means, do your homework.
But when you get a good one, then buy it and hang on.
Refuse to be phased by the ups and downs.
Quality stocks will ride them out and emerge in growth
mode.
Even the suppressive touch of the outlaw MM is only
temporary.
He can't hang onto his short position forever.
---
Peace,
M&M Man
Will check out the AIRN board. The general "market sentiment" appears to be improving. Gees. . .have any of you been watching MSFT?!! That stock has been going nuts for the past 6 weeks. How about that CSCO?!!! Yahooo! AMD and DELL are also doing very well. SUNW ~~ waiting in line. . .now, CHAG's upcoming news should be devine.
Peace,
M&M Man
David. . .
LOL~~! Anyway, looks like the daytraders might be able to make a couple extra dollars this week. ?? Who knows? Maybe a negotiation went through. . .and part of the negotiation was for the potential associates to purchase shares in the open market? Hmmm? Lets hope the trend continues.
Peace,
M&M Man
EZ ~~
Something must be up. My last real time quote is at 57 cents. Volume is also ahead of normal. Perhaps something leaked from the "blackout period?" Hmmm?
Peace,
M&M Man
Ray ~~
That's a good question. I would assume the new riggers will have the mudlogging equipment. Nonetheless, you know what they say about assumptions. . .
I'll pose the question to Bill and see if I can get a response.
Peace,
M&M Man
Ray ~~
Don't worry about the "spell check." I'm not sure if there is a spell check for the ihub site (might want to see if EZcomngo can answer that one) but we all know what you're saying.
Will keep everyone posted on the potential trip to the oil patch. I would assume it will be most gratifying.
Keeping the faith,
M&M Man
That is good news! eom
Note from Bill Stinson:
It looks like we're going to get our pulling rig today so we'll be able to
bring four more of the existing wells online within a day or two. We
originally thought we'd get it yesterday but it was stuck on another job.
One of the problems in this area has been the dearth of rigs of this type.
The crash in oil prices in the 80's and late 90's sent a lot of these kind
of rigs into retirement along with their crews. We lucked out on this one,
The other companies we contacted had a waiting list from 2-4 weeks. We
were also lucky in that this company also has a drilling rig availible
that's in the immediate area. As you recall we were in negotiations with
the Dixon Drilling company for their rig in south Kansas. The current
climate has meant these rigs are a premium and the drillers appear to be
ready to milk it for everything it's worth. Including a hefty
mobilization charge. The company that owns the pulling rig is much more
flexible. I think if we give them a minimum ten well commitment to drill
new in-fill wells we can get their rig without all the onerous conditions
the Dixon Drilling company is trying to lay on us. I've instructed our
field supervisor to go ahead and commit to the rig.
After the first well, we'll have some idea of how much gas we can produce
and how far we have to build our gas pipeline to tie into the most feasible
distribution point. I say most feasible because it is not the distance to
the closest distribution point, but what makes the most sense in terms
of taking it through existing fields so we can charge a tariff for others
using our pipeline. I think by the end of the Summer, our gas production
revenue will far outstrip our oil revenue, which in itself should be
considerable. I've also counted a minimum of 8 good-sized coal seams in
the geologic section in our field. This means in conjunction with the gas
produced from say, our Mississippian formation, we'll be able to start
coal bed methane production. Out coals are different from the Powder River
Basin coals which have several big coal bed methane projects going. We
don't have to wait for our coals to de-water like they do.
Anyway, I thought I'd give you an update. As I mentioned in my last
email, I'd like to time you and the other investors' visit so that we are
actively drilling. Most of these wells are at most, ten day affairs. We'd
like to arrange it so that we take pictures with you and the other
investors while we flare some gas. We're going to take the well all the
way down to basement, nobody in this area has ever done that. Your visit
may end up being very historic in terms what we encounter in the bottom of
the hole between the Arbuckle and basement.
Best Regards
Bill
Believer: BUSINESS PLANS
http://www.chancellorgroupinc.com/CHAG_Business_Plan.PDF
ASSETS
http://www.chancellorgroupinc.com/assets.htm
WEB SITE
http://www.chancellorgroupinc.com
rpt ~~
My understanding from the CHAG site commentary was that all of the initial deals with capital are still in the making and are expected to go through. I, like everyone else, would like to see more details. Anyway. . .it should continue to be interesting to watch.
Peace,
M&M Man