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Notice in the photo that the flare pit is already in violation of RRC rules. Also, I heard from a very reliable source that the well is not producing commercially, very low rate. It will cost more to produce it than revenue it will bring in. Negative cash flow. FWIW What will that do to the charts, DR.?
They know exactly how much, or how little it is producing. They just are not telling. I wonder why?
Hey Corpinfo, please update us on the Crows Run deal. Thank you
I wonder is this Corpinfo knows that Ed Shaws company, STO Operatings two closest wells to the Eberle have made less than 8,000 bbls of oil between them and make less than 4 BOPD now, after they spend several million dollars on them. For what it is worth, STO is in Bankruptcy now. I am not sure about taking their advice.
Invstorguy, let me go ahead and spell it out for you. To the best of my knowledge, you are asserting that GSRE owns a mineral interest in the Eberle lease. Here is who the lien is on....."............and any person or entity asserting an interest in the subject property by virtue of an assignment that was not recorded at the time claimant commenced delivery of materials on the subject property. It is also on ..."All Leases which are part of the Eberle #1 well." That is very clear, a third grader can figure that one out.
Otherwise a company, like TNOG would get work done on the well, not pay the bills, and assign the interest to GSRE. Nobody would ever have to pay bills. What a clever idea.
There you go, they filed it.
you forgot AEOH, which Brandon has 9,000,000 shares, Vic has 9,000,000 shares and GSRE has 9,000,000 shares. Some how, GSRE acquired AEOH and only has 1/3 of the shares and the two principals have 2/3 rds of the shares.
No pro se, it is the Operators responsibility. The contract Operator of the Eberle wellbore in Tejones. All leaseholders of record are responsible. FACT, Please do not argue this fact, you are digging yourself in deeper and your lack of knowledge of the Oil and Gas business is crystal clear now.
Here is the Law Pro Se (You owe me $10)
Texas Administrative Code
Next Rule>>
TITLE 16 ECONOMIC REGULATION
PART 1 RAILROAD COMMISSION OF TEXAS
CHAPTER 3 OIL AND GAS DIVISION
RULE §3.5 Application To Drill, Deepen, Reenter, or Plug Back
(a) Requirements for spacing, density, and units. An application for a permit to drill, deepen, plug back, or reenter any oil well, gas well, or geothermal resource well shall be made under the provisions of §§3.37, 3.38, 3.39, and/or 3.40 of this title (relating to Statewide Spacing Rule; Well Densities; Proration and Drilling Units: Contiguity of Acreage and Exception Thereto; and Assignment of Acreage to Pooled Development and Proration Units) (Statewide Rules 37, 38, 39, and 40), or as an exception thereto, or under special rules governing any particular oil, gas, or geothermal resource field or as an exception thereto and filed with the commission on a form approved by the commission. An application must be accompanied by any relevant information, form, or certification required by the Railroad Commission or a commission representative necessary to determine compliance with this rule and state law.
(b) Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.
(1) Application--Request by an organization made either on the prescribed form or electronically pursuant to procedures for electronic filings adopted by the commission for a permit to drill, deepen, plug back, or reenter any oil well, gas well, or geothermal resource well.
(2) Commission--The Railroad Commission of Texas.
(3) Commission representative--A commission employee authorized to act for the commission. Any authority given to a commission representative is also retained by the commission. Any action taken by the commission representative is subject to review by the commission.
(c) Commencement of operations. Operations of drilling, deepening, plugging back, or reentering shall not be commenced until the permit has been granted by the commission and the waiting period, if any, has terminated, or authorization has been granted pursuant to subsection (d) of this section.
(d) Testing of existing wells in other reservoirs inside the casing. For an existing well, an operator may request authorization to commence operations to deepen inside the casing or plug back prior to the granting of a permit to deepen or plug back.
(1) This authorization shall be requested by submitting a request with the district office to deepen inside the casing or plug back. The request shall include:
(A) the operator name;
(B) the lease name;
(C) the lease number or gas identification number;
(D) well number;
(E) county;
(F) field name;
(G) a list of all reservoir(s) to be tested;
(H) the casing setting depth and the depth of the deepest reservoir to be tested;
(I) a plat showing the well location; and
(J) a statement as to whether or not the well location would require an exception to §§3.37, 3.38, 3.39, and/or 3.40 of this title (relating to Statewide Spacing Rule; Well Densities; Proration and Drilling Units: Contiguity of Acreage and Exception Thereto; and Assignment of Acreage to Pooled Development and Proration Units) (Statewide Rules 37, 38, 39, and 40) if completed in any of the reservoirs to be tested. If an exception would be required, the request shall also include a statement that all affected offsets have been given written notice of the intent to test with the opportunity to witness the testing and the offsets shall be identified on the plat.
(2) Operations of deepening inside the casing or plugging back shall not be commenced until the district office has reviewed and approved the request. Testing pursuant to this authorization shall be completed within 90 days from the date the district office approves the request.
(A) No reservoir tested pursuant to the provisions of this subsection shall be tested for more than 15 days.
(B) If the operator desires to place the well on production, the operator shall shut in the well, with no production being sold, and file a permit application for the tested reservoirs with the appropriate fees. If the permit application for the tested reservoirs requires an exception to §§3.37, 3.38, 3.39, and/or 3.40 of this title (relating to Statewide Spacing Rule; Well Densities; Proration and Drilling Units: Contiguity of Acreage and Exception Thereto; and Assignment of Acreage to Pooled Development and Proration Units) (Statewide Rules 37, 38, 39, and 40), no consideration will be given by the commission to the cost of recompleting and testing the well in determining whether or not to grant the exception.
(C) Within 30 days of completion of testing, the operator must either file an application for a permit to produce a reservoir tested pursuant to this subsection or file an amended completion report in accordance with §3.16 of this title (relating to Log and Completion or Plugging Report) (Statewide Rule 16) with a copy of the request signed by the district office and a statement that a permit to produce a tested reservoir is not being sought, or if the well has been plugged and abandoned, a plugging report including reservoir and perforation data. If a permit is not obtained for the tested reservoirs and/or an allowable is not assigned, the producer shall report all test production on Form PR, Monthly Production Report, filed for the last permitted reservoir in which the well was completed and may request authorization to sell the test production. The test production may be sold after such authorization is granted.
(e) Exploratory and specialty wells. An application for any exploratory well or cathodic protection well that penetrates the base of the fresh water strata, fluid injection well, injection water source well, disposal well, brine solution mining well, or underground hydrocarbon storage well shall be made and filed with the commission on a form approved by the commission. Operations for drilling, deepening, plugging back, or reentering shall not be commenced until the permit has been granted by the commission. For an exploratory well, an exception to filing such form prior to commencing operations may be obtained if an application for a core hole test is filed with the commission.
(f) Drilling permit fee. With each application or materially amended application, the applicant shall submit to the commission a nonrefundable fee as determined by §3.78 of this title (relating to Fees and Financial Security Requirements) (Statewide Rule 78).
(g) Expiration. Any permit to drill, deepen, plug back, or reenter granted by the commission expires no later than two years after the date of original approval.
"
I am so sorry Mr Pro Se, a permit is required before any drilling or reworking operations are performed. This is fact, If I need to go pull the rules to prove you wrong AGAIN, please forward $10 for my time. I do know the rules and regulations of the Texas RRC.
"Please explain why GSRE needs a permit for a non-existent action"
Hey dude, please explain how GSRE claims action to perpetuate the lease and you claim non-existent action. It is one or the other. If there was any action with an expired permit, it is a violation. If you have a valid permit, you can produce or test up to 30 days.
How did Brandon and Vic end up with 9,000,000 shares each of AEOH when GSRE only has 9,000,000. Brandon and Vic have 2/3 rds of the shares of AEOH.
how much is the Eberle producing? It was hooked up over a week ago so we should have some good production numbers by now. We look forward in hearing the good news news.
Question, I just read report and there is ZERO revenue. On 4-14-09, there was a press release stating that there were 7 wells on the Patrick Henry in Production. On 4-22-09, there was a press release stating the sale of Oil was imminent. On 6-4-09, there was a press release stating that there were 14 wells online on the Patrick Henry. On 7-22-09, there was a press release stating that EDVP ascuired 75% working interest in already producing wells in Texas. On 8-11-09, there was a press release saying they were preparing to work on wells in Texas, and that Deepening was imminent. The stock was $1.50 or so, Toth Issued 3,000,000 shares to his buddy, at the end of August for PR work. Now it has crashed to $.03 and they are reporting Zero Revenue. How can that be when they have production?
The well is hooked up, isnt there production?
Why would anyone be scared to post production information?
Just thought it may be easier to post the info, may save hundreds of phone calls.
anyone know how much the Eberle is producing?
isellbeachhomes is sending me nasty PM's. I wish he would come talk to me face to face. Punk
They projected about $19,000 to $36,500 month. If they dont get anything now, these are our damages. THey calculated them so they cant argue them.
3,000 – 6,000 MCF per month (low end to high end, respectively);
60-100 BBL per month(low end to high end, respectively);
$5 per MCF;
$65 per BBL;
Total Projected Gas Revenues: $15,000 / $30,000 respectively;
Total Projected Oil Revenues: $3,900 / $6,500 respectively;
Total Projected Revenues: $ 18,900 / $36,500 respectively.***
o *** land owners retain 12.5% overriding royalty
I bought stock in this company because they secured financing to put in a pipeline to get the Eberle well going. We were told that this would increase shareholders value. Now, the pipeline loan is being used to gamble with. I was mislead here. I am not a happy shareholder. I am going to get to the bottom of this. I want my money back, plus damages. We are going to lose the total projected revenues from the gas zone now. That is actual damages, because the company put out those numbers. I am going to find them and post it later. But for now, I think I will go consult with an attorney.
So a public company, (GSRE) gets a loan to buy a tangible asset (A pipeline), but uses the money for intangible drilling costs. Is that Fraud or what?
The technical stock is dropping like a rock
hey beach, Could you kindly inform us as to why the share price should go up? Can you give us any reason? The CEO does not even know the difference between a Drilling Rig and a Workover rig. LOL One fine CEO
I heard the landowner was going to get the lease back if a rig was not on the well by Friday. Also, just called the RRC and there has not been a permit to deepen this well filed.
I think the CEO needs to learn the difference between a drilling rig and a workover rig. That is a workover rig. So I guess the loan to put this bad ass gas well online was just a smoke cloud. Typical scam, bait and switch.
It sounds to me like they are abandoning the gas zone and are now chasing an oil zone that has has been depleted. If they want oil due to better market conditions, why not put the Crows run wells on? Or did thy lose them?
What are they trying to say in the PR?
There is also a lien for over $100,000 from Bulldog Well service.
Hey pro,
Did you get the links to the liens?
Has the Crows run project expired ? Why are they messing with gas when oil prices are better. That is if they still own the CRows. May have lost it due to non performance.
Does anyone ever wonder why none of Brandons PR's work out. I mean, he has stated in numerous PR's about producion, revenue imminent, blah blah blah, and nothing ever happens.
Just think, If that well produced about $50,000,000 worth of gas, each share would be worth $0.01 (one penny)
That is good news. I always suspected Brandons top priority was to increase shareholders value.
Yea, 10-4 there good buddy. They get ahold of these public shells, get some shares, pass them out to people to "participate with" so they have have some PR's. Then the participants dump the stock over the next severals months then take care of their buddies. Then shareholders wonder where the production is at. LOL THey were so nice until they got the check, now they wont get on the phone. LOL Brandon and Clayton live on.
Pro, Please provide us with a link to a release of lien from Bulldog and Schlumberger on the Eberle. If you cannot do this, our DD is verified. = End of Story.......LOL
EDVP is tanking also.
Tell me about the technicals on that. LOL
Wonder what happened to the 20 BOPD they said they were making in this PR? LOL
NOWATA COUNTY, OKLAHOMA -- (Marketwire) -- 06/04/09 -- Endeavor Power Corp. (OTCBB: EDVP) is pleased to announce that all 14 wells on the Patrick Henry Lease are now operational and in production.
Endeavor's joint venture partner, Federated Energy, estimates that there are, currently, approximately 20 barrels of oil being produced per day, with production expected to increase as the salt water injection system continues to add pressure to the formation.
Now that all 14 wells are operational, Federated will soon commence to frac the wells in groups of seven (7) and expects initial oil production to exceed 40 barrels per day, and to continue to increase as the salt-water injection system adds to the reservoir pressure.
We anticipate that oil will be shipping, at least, on a weekly basis and even more frequently as the production is expected to increase after the wells have been stimulated.
Pro, Just checking to make sure the link worked for you. After reading, I hope you are ok.