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To get production information for the LA properties:
Go to http://sonris.com/sonlite.asp
Search for "Wells By Field ID"
And use Field 6115
Then you can select each well.
sorry I'll fix it
Why did an MM move up?
The HCE website is also saying that they are making progress with the JY1 property. I wonder if LHPT still has any interest in that property.
No production 2013 for the Louisianna wells so far.
This is what I found:
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellfld2
Lucy Lee and Mina Travis testing complete, ready for fracturing
Per HCE website as of March 2013:
We have finalized some testing on the Lucy Lee and Mina Travis wells. As it is showing that both wells now are in the shale of the Tuscaloosa and are having episodes of high pressure but not of high fluids. It was known that the wells were not perforated almost at all within the shale, and so with our pumps set at 7,000 ft of the total 11,460. It is taking too long for enough fluid recovery.
The Lucy and Mina are still maintaining a high oil to water ratio.
We have ordered 7,400 ft of new rods which are being held up in Oklahoma. Currently in Texas and Louisiana there is a shortage of 3/4" rods due to the newly drilled Cline Shale. We have some on order in Oklahoma and they are currently going through tensile testing, and hopefully will be available to us next week.
At the same time we will be performing a "GAS GUN" perforations on both wells. This will carry a low grade explosive and use it to fracture the organic shale with perforations of up to 50 ft long. We will then also be using several fracturing fluids and sands on the wells. This will be the first time that this shale zone in these wells have been fractured like this. And we are expecting the wells to be similar to newly drilled vertical fractures happening in the very hot trend of the Tuscaloosa Marine Shale.
So our next operational plans for the wells are to have the rods delivered on sites, issue out a triple double rig, and we will then begin the fracturing of those shales. And be online producing. The total process should take 8 days per well.
We are very excited about the upcoming fracture of those zones, as the two wells and their previous production has all been from the sand zones, which were fed oil via this shale. The reason for the low fluid, is due to their not being any fissures or porosity in the hard organic shale. We are looking forward to having two very hot wells producing with the next two weeks.
Not for nothing I am excited about it too! For two years they haven't had people in there that knew what they were doing or had the money to get it done. There was always some issue with the inability to get the oil pumping.
Danos is our guy!
And although the dillution has been tough to deal with, if its going to operations and oil is pumping - this is going to be one hell of a play! Still early though. They bring another well online and we start seeing production reports on the Texas RRC we will be in serious $$!
Thanks. There is 1 more well in the Perry leases that I am aware of. I wonder if that is the next one they will try to bring online. Historically the Perry A and 2A had similiar production.
Danos said yesterday that HCE is only involved in a couple of properties, now. I think he said Perry #1 and Lucy Lee.
Can anyone recall? Is HCE the operator on Perry 2A, now or is it LHPT?
Theoretically its going to get harder and harder to get cheap shares, with strong volume and frequent information being released.
Where are the MMs?
It could run again. The demand should be there, but it will ultimately depend on the MMs and where they chose to sit on the ask. And will they come down to bid sitters.
If its another ask-slap kind of day we could be heading to .002.
Any communication is Good! I understand what you're saying but I would rather have a series of short CC and have his boots on the ground then sitting in an office prepareing a bunch of BS.
That CC confirms for me that there is no game being played here. No hype, no empty promises or over exagerating expectations.
Great to see LHPT Pink-current!
Very likely. I agree. I see the game to accumulate now before the next series of communications (website, facebook, PRs, CCs).
If they continue to dillute or if the debt recipients conmtinue to sell their shares, it will be an opportunity to pick up cheap shares.
Ultimately this should be a good year for LHPT if Danos lives up to his words.
I still can't believe there is no narrative at all.
No mention of anything - centruian, Vince, ERAO..nothing!
Not good.
So, in other words those, trades could have been from this morning?
The fact that they are not completeing the deal with Matmown can't be a bad thing. The company has zero information out there and their stock price is in the toilet.
The CC didn't address all of their other assets, so we will have to wait for more PR and the website.
But he certainly sounds sincere right down to being tired from working in the field.
Proof will be in the coming weeks.
Does the website roll out? Does the stabilized production meet his expectations? Do more wells come online?
Thats where the rubber will meet the road.
Annual Report out today. Only financials with big changes and NO Narrative?
Assets seem cleaned up.
Short term debt up
Smaller net loss for the year but most of the expenses were Admin.
Massive debt conversion - 274 million shares including 160 million restricted including the 120 million given to Vince
I can't beleive there is no Narrative updating the status of anything.
Yes I see something at .0006?!! WTF
Where are the MMs on the ask?
Great buy today. Congrats!
LHPT .0009 / 1,000,000 x .001 / 5,864,100
# 4 on the breakout board. And there is not even a pump going on!
Financials filed, production news out, conference call tonight and NO paid promotions.
Record volume, and up 50%.
Good day.
Only 400k left at .0009. LHPT!
Don't foget its not just Perry. The Reames Materson wells, Cobb, JY, and others are all right in Haskel County. So if they can bring more wells online and share the resources they could be in hundreds of BBLs/mth in short time. But that is just my opinion. We will see what they say.
Great accomplishment for new president Danos to get a well in production in just a couple of months on the job! He responded to my email BTW and expects my questions to be addressed in the CC tonight.
Very exciting in LHPT land!
The Perry Leases were good for 30-100 BBLs per month when they were active.
Not going to make anyone rich but will help to finance the operations of the company and reduce the need for dillution. Fantastic news in my opinion.
Might have a nice run starting here on News Out! LHPT!
Wow volume flying on news.
Could be a fast track back to .002!
Just not sure how they get it going with no $$. The past 18 months has been opportunistic but they can't execute their plans due to lack of financing IMO.
But I continue to hope. Go LHPT
Definite problem with the stock for debt trading going on.
They dillute the shares to pay for admin expense. and then trade shares for debt which results in the receivers of the shares dumping the stock to get whatever they can.
Hence the PPS.
But thats old news really. If they could get production going they wouldnt need to dillute and they could pay their debts with cash.
Lets see what the CC says.
Good sign that they were willing to file the quarterly prior to the conf. call.
I reviewed it quick. Nothing surprising. Balance sheet is basically the same, they paid down some debt via the stock dillution.
With Danos on board, the administrative expenses are up on and they are not yet bringing in enough income via production to pay for it.
But at least we should be current and the yield sign will come off.
Now its a matter of can they get any production going.
Thanks. Not sure I understand how the restrictions work on all those shares issues over the past 2 years.
There was like 500 million shares "sold" to various people in 2011 and 2012 yet our outstandings are nowhere near that.
If anyone can shed light on that as well, I woudl appreciate it.
Is it possible that Danos is selling his 50,000,000 shares that he had warants on at .0001?
It does make you wonder, if creditors are willing to take pennies on the dollar, what do they know that we don't. It sure would be nice to know how much of that toxic crap is still out there.
The silence is deafening
The CC is not until 4:30 on Monday so there is still Monday as well.
Not sure why you guys think the CC will be useless without the financials. The CC is a one way communication from the company that should reveal to us, as they have said, what has happened, what is happening, and what is to come. The finanicals, although it would be nice to see them before hand, will eaither validate or efute what they are saying. But its OK if they are released after.
Its not like during the CC one of us could challenge what they are saying based on the financials anyway.
I expect a very positive CC, and then its up to investors, once the financials are released, to do their DD and validate their statements.