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Grid's office phone: 303 952 7658,
Fax 303 952 7659.
I just called and left a message with the receptionist/voice mail.
Posted by another member:
Wednesday, May 29, 2013 1:10:36 PM
Re: KansasCityPete post# 13315
Post # of 13386
Gotcha and thank you :)
Your post spurred me to write OTCMarkets and this is what they told me. GRPR's fiscal year end is 3/31/2013, so the next report will be an annual. The company has 90 days to file an annual (instead of 45 days to file a quarterly) which puts the filing due date on July 1, 2013.
Solimar's newest update for the Kreyenhagen Ranch drilling program.
http://www.solimarenergy.com.au/documents/130528_K_Ranch_Op_Update.pdf
A bit of news of a new entrant into the fracking arena.
http://www.huffingtonpost.com/2013/05/27/ge-fracking-oklahoma-lab_n_3342480.html
Solimar update on the Kreyenhagen is just out.
http://www.solimarenergy.com.au/documents/130507_K_Ranch_Farmout.pdf
I didn't say I talked with Dan Polk. There's others involved besides him. I know the TRRC website doesn't show any oil being pumped. I was told that the RRC allows operators to keep production numbers confidential for up to 1 ½ years while they develop the field.
The person I talked with also said that their geologist is thinking that perhaps the NW premont field is actually the main oil source and the premont field is the extension, instead of vice versa.
Agreed. IDNW grid is so quiet, but eventually they'll inform us.
FWIW, being impatient like everyone here, waiting for an update from the company, I picked up the phone and called one of the firm(s) involved in developing the NW Premont field. I won't say which one but you can get phone numbers off various websites if you look. The person I talked with informed me that the reason for the drilling delays were partly due to amount of sodium bentonite in the soils of the field. The well bores were swelling shut and had to be recompleted. The Garcia #3 has had 4 completions done to it and it has been fracked. After the frack, oil flowed freely and it's rate is being monitored. The natural gas zones and other oil shows will be completed later. I think the individual said that they are now drilling their 4th new well. This one as an offset to the Garcia #3. Also,new wells will be fracked as standard procedure. The person was very positive in his outlook for the rest of the field.
Having said this, I don't know where Grid stands, as he didn't say. Let's hope they've got working interest in the wells.
IMO
no chill with etrade or state street investments
Do you know if they're still involved with the original operator that was drilling the garcia #3 well? I know they got their own operators number now but we haven't heard anything about what they're doing with it.
US Oil & Gas restarts testing on Eblana 1
By Jamie Ashcroft April 10 2013, 8:16am US Oil & Gas restarts testing on Eblana 1
Nevada focused oil explorer US Oil & Gas (GXG:USOP) has told investors that testing has now resumed on the Eblana 1 well.
This comes after operations paused to allow for thorough data analysis.
In December the company said it would test 14 zones, eight of which have previously been perforated. The programme initially got underway at the start of this year.
“We were able to confirm the first discovery of light sweet crude in Nevada for over 30 years,” chief executive Brian McDonnell said in last month’s final results statement.
“The board expects the resumption of testing will confirm a minimum net pay zone of 150ft and is hopeful of producing a stabilised flow rate, which may prove commercial.
“For a first exploration well in an unproven location this is a remarkable result, and we are delighted by the achievement.”
The transfer agent was changed last year sometime, not this February. Yes I asked them and they said you'd have to ask Grid for the available float.
Called Grid's office alittle while ago and talked with a guy who said Captain Tim was out of the office today. I asked him to please throw us a bone soon with an update of operations. I could sense he felt our frustration.
Two newer articles on the California shale oil. Let's hope we see updates on Grids' acreage soon.
http://www.cnbc.com/id/100480051
http://online.wsj.com/article/SB10001424127887323353204578128733463180210.html
Huge potential here if the company gets financing to go ahead with their product development. They already hold patents for some unique products but they're in need of funding.
Nice going, I'm still buying when I can too.
That appears to be TDA's issue only, according to other traders.
Winneragainstallodds
Saturday, April 06, 2013 5:47:54 PM
Re: None
Post # of 12838
GRPR .0008 As per last filing company has $11,938,049 assets and only $804,991 in liabilities. Fully reporting and Nevada SoS active until 11/30/13 1.5 billion A/S.
Why the change on the bid/ask on after hours trading? Is this just the market makers making adjustments?
GRID PETE CORP COM GRPR: OTCQB
EXTENDED HOURS:
Last: 0.000 Change: 0.000 (0.00%)
Bid: 0.0001 x10,000 Ask: 0.51 x1,000 Extended Hours:
Real Time Extended Hours Quote Last Trade as of --
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.0007 -0.0001 (-12.50%) 0.0001 x10,000 0.51 x1,000 0.0007 - 0.0008 3,399,418
I agree with you MattyMoney. Patience is the key word on oil plays.
great bobbie3, maybe they'll get the message that we're serious too.
Everyone should call Grid's office and ask for an update on operations. I called last week and left a message. The secretary answers but sends you to voicemail. Grid's office phone: 303 952 7658,
Fax 303 952 7659.
New York Times article on the Monterey shale in the San Joaquin Basin. This and the Kreyenhagen oil shale lay across Grid's 4000+ acres.
http://www.nytimes.com/2013/02/04/us/vast-oil-reserve-may-now-be-within-reach-and-battle-heats-up.html?src=recg
Grid's technical info on the NW Premont assets. Jumeirah Resources is a sister company of Grid.
http://www.jumres.com/diligence.php
Re-reading this PR about the financial arrangements, I keep thinking we should be getting one heck of an announcement on the agreed-upon milestones being reached. Since we've seen dilution, we can assume that the Venture Capital firm is disbursing funds to Grid.
The Company is please to announce the terms of the financing are to provide the company with a commitment to fund up to $2,500,000.00 during the next 5 quarters of 2012. The financing will be available to the company in tranches of $500,000.00 based upon completion of certain milestones by the company concerning lease acquisition and field development.
The proceeds of the initial round of financing are to provide direct drilling and field development working capital and expenses.
The Company will receive the first tranche of funding under the terms of the agreement this next financial quarter
thanks, I did wonder about that.
I found this information concerning the new area of interest mentioned by Grid in their PR in 2012 concerning the West Texas Overthrust.
Under the surface of at least fifteen West Texas counties—stretching from Reagan and Irion to perhaps as far north as Kent and Stonewall—excitement is bubbling over the new Cline shale, which according to some estimates may be the largest new oil & gas play in North America. As more and more exploration and production companies move into the area to join Devon Energy, Chesapeake Energy, Apache Corporation, Laredo Petroleum, and Japan’s Sumitomo Corporation, mineral interest owners are no doubt dreaming of dollar signs and an early retirement.
Test wells on the Cline show the shale contains 3.6 million barrels of recoverable oil per square mile, about 300 billion barrels of recoverable oil for the entire shale.
Until recently, the Eagle Ford Shale was considered to be the richest shale play in Texas. The Eagle Ford Shale covers Webb, Dimmit, Lavaca, McMullen, Karnes, DeWitt and Gonzales counties in the southern portion of the state.
Recent advances in horizontal drilling have opened up the possibility of drilling in areas like the Cline.
The Cline’s depth is equivalent to 10 Eagle Ford Shales stacked on top of each other.
Here's an earlier video of the Garcia #3 completion from one of the drilling partners:
No DTC chill on etrade or State Street global.
To all doing their DD, Solimar is Grid's partner to develop their 4000 acres of the Kreyenhagen oil shale trend in the NW San Joaquin Basin. Drilling successfully will be challenging but Solimar is learning from the Big Guys that have acreage surrounding their holdings. Here is the latest update from Solimar, just released:
http://solimarenergy.com.au/images/home-images/Corporate_Presentation_March_2013.pdf
GRID always answers the phone at it's office. You're right,the investor relations office is a different story.
They answer their phone normally. Emails to investors relations don't get followed up very quickly. They contracted out that department.
what's up? I hit the ask twice to buy and they moved the ask up to .0014.
No chill on etrade for Grid.
yet another article on the Cali Monterey shale..
The Daily Reckoning Presents
The Race For California’s Shale Is On!
by Matt Insley
It’s America’s final frontier for shale. And the payout will be huge.
Get this...
If you add up the recoverable resource estimate for the oft-mentioned Bakken formation in North Dakota, as well as the Eagle Ford in South Texas... then DOUBLE it, you’ll get close to the number of recoverable barrels of oil that remain trapped in the heart of this untapped “mega” shale deposit.
Put another way, according to the US Energy Information Administration, this one massive shale play represents 64% of the total recoverable shale oil resource base in the country.
It’s the big kahuna, and today we’ll take a look at how the profit opportunities are stacking up for this behemoth...
But first, let’s tackle what I’d consider the most important question when it comes to any resource investment: why now?
Sure, we’ve always known California has oil. Starting early in the 20th century, black gold was flowing up and down the West Coast — propelling business and riches alike.
Of course, like most of the other conventional deposits in the US, output has slowly but surely declined.
Today, though, the shale revolution is turning those declining deposits around. From Texas to North Dakota and even towards the East Coast, shale oil and gas are changing America’s energy future. Natural gas is plentiful and oil is coming to the surface, more each day.
That is, except for one untapped shale deposit — what I call the big kahuna — California’s Monterey shale.
Unlike other shale turn-around stories California’s energy output has continued on a downward path. Once a 1.1 million barrel per day (Mbpd) state, California is now producing just half of that — around 500,000 bpd. But when operators in that area finally crack the code, you can bet production will rocket higher.
The best analogy is what we saw recently in Texas.
Once the code was cracked and companies found a way to produce shale oil and make money, total production for the state skyrocketed. Today, Texas is well on its way to eclipsing the mid-80s production level above 2.4 Mbpd. Take a look:
Put in perspective, California’s Monterey is truly a sleeping dragon.
The sheer size of this deposit is staggering. In shale terms, the Monterey formation could hold as many as 400 billion barrels of oil. Of that 400 billion, over 15 billion barrels are considered recoverable with today’s technology. That trumps the recoverable estimates from the Bakken and Eagle Ford — by a factor of 2.
Getting back to the eye-popping statistics above, that represents a whopping 64% of America’s recoverable oil shale reserves. And the way I see it, it’s only a matter of time before this behemoth is spitting out profit opportunities.
That brings us to the other bit of timeliness to this story.
If we were talking about any state other than California (or maybe New York) this energy turnaround story would already be under way. Indeed, the Monterey would be a “household” shale player — with hundreds of rigs spinning as we speak.
But alas, this is California. The political and environmental red tape in the state have brought energy development to a virtual halt.
Of course, if that were the end of the story I wouldn’t be writing to you today.
Instead, the way I see it, there’s big change on the horizon. Soon, I believe California’s shale will be open for business...
What’s the one thing that shale-producing states have in common?
Well for starters, governments like Texas, North Dakota and Pennsylvania have enjoyed a boost to tax revenues via shale production. Along with that, unemployment rates are lower than the US average and energy prices are affordable.
Currently California finds itself on the opposite end of this spectrum — a huge budget deficit, high unemployment and expensive energy. As the days pass and deficits increase, pressure mounts to tap this hidden revenue stream.
Another factor at play here is time. Each passing day with, safe, reliable, affordable, US shale production ramping up, there’s more reason for California lawmakers and politicians to look towards shale production as a potential savior for out of control government budgets.
One recent example of this is New York State. New York was the first state to quickly ban shale development. But recently legislation is gaining steam to allow shale production. Indeed, if New York goes the way of shale, the road may be paved for California.
I believe today we’re at the tipping point. Two months ago, California Governor Jerry Brown released draft regulations that could speed up shale development in the state. Along with that, also in December, the US Bureau of Land Management auctioned off a handful of leases in the state.
The writing is on the wall for a ramp-up of California’s Monterey shale.
There are two key factors to keep an eye on here — permits and production.
First, we’ll want to keep an eye on the permit process out west. If sweeping changes open up the permit process — allowing for a massive increase in permit approvals — it’s only a matter of time before the major players skyrocket (California’s usual cast of characters include: Chevron, Shell, Exxon, Occidental and Venoco.)
A change in tone from the political side could fuel this permit turnaround, and the impending shale boom. Is the incumbent Gov. Jerry Brown the pioneer for the job? We’ll see.
However, there is one other force that could boost permitting.
In a similar way that more permits can lead to more production, production can lead to permits. What I’m looking for here is a “code crack” for the Monterey shale. For instance, if an operator in the area can “crack” the Monterey code, and start drastically increasing the production per well, we could see a turnaround for the whole state.
This is similar to what happened in North Dakota, Texas and Pennsylvania. Quietly, but quickly, the shale-code was cracked and production per well started jumping off the charts. The immediate effect was a drastic increase in tax revenue for the state. In the case of ND, TX and PA the states welcomed the bump in tax revenue with open arms and accommodating regulation — meaning plentiful permits.
If permits and production perk up, watch out. The shale boom on the West Coast could come fast. Keep your ear to the ground on this one.
Regards,
Matt Insley
for The Daily Reckoning
Ed. Note: Matt Insley is always on the lookout for the “Next Big Thing” in the world of natural resources. California’s trillion-dollar shale oil deposit is just one of the latest examples.
Did you get a chance to call Grid's office this week? What do you think is up?
Here is some DD from a few months ago to anyone new regarding the NW Premont assets. Jumeirah Resources is a sister company of Grid.
http://www.jumres.com/diligence.php
Why is it so hard to buy the uslgf stock?
Thank you.