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hey there whichever, it was great...he loves the fireworks. had fun with sparklers and other safe n sane stuff bought at the last moment. i normally catch one of the two big shows in seattle but my neighborhood was just as good without the traffic, lol. bbq and had great weather to boot.
how was yours? where are you at now days... quite a scorcher of sorts on the west coast, 122 in az and today 116 for vegas forecasted.
ha ~ Potential Anti-Takeover Effect
We have 500,000,000 shares of Common Stock and 5,000,000 shares of preferred Stock authorized and these authorized shares of our Common Stock and Preferred Stock will not be affected as a result of the reverse stock split. Although the increased proportion of unissued authorized shares to issued shares could, under certain circumstances, have an anti-takeover effect (for example, by permitting issuances that would dilute the stock ownership of a person seeking to effect a change in the composition of our Board or contemplating a tender offer or other transaction for the combination of us with another company), the reverse stock split is not being proposed in response to any effort of which we are aware to accumulate shares of Common Stock or obtain control of us, nor is it part of a plan by management to recommend a series of similar amendments to our Board and stockholders. Other than the reverse stock split proposal, the Board does not currently contemplate recommending the adoption of any other amendments to our Articles of Incorporation that could be construed to affect the ability of third parties to take over or change control of the Company.
where's the verbiage of coverting the preferred's ???!!!
This is straight from jc's mouth when i talked to him the middle of june: i asked about the conversion of the preferred's and how that would be handled and he said 1% of the float every 90 days if the conversion happened like clock work taking 8+yrs to fully convert. which shot his poison pill sentence mentioned a nano second before as contradiction of sorts.
speak as one unified voice.
what's next....
Revised: Good morning all. i hope you all had a wonderful 4th. i have been busy too and haven't read much.
contractor, how does the def read? went back to your post and saw the added links...thanks!
wlbne, thanks for the pm. i do not have paid subscription here. i am in agreement of an organized investor group and would advocate other shareholders to come aboard as this seems to be the best possible course of direction. if anyone can float a better avenue, than i'm all eyes...
speak as one unified voice.
what's next....
hear hear balloonman, i'm all for it your suggestions. i write more on this in a bit. thanks.
ssssssssSSSSSSSSSSSSSS. when i'm around e tx, i like snake hunting along the road in the ditches with a .22. sure makes saning for crawfish a bit easier...if ya know what i mean.
ops my bad....
i was thinking the daq... not the nat'l assoc of securities dealers. time for the 4th festivities...
REVISED POST: you are right as i was going a mile a min national assoc. of securities dealers and my brain didn't coincide...
ty, can't pm you back. i don't mind at all...my plate is full and i'm multi ~ tasking to the n th max. :)
also, be interesting to find out when those 5 days started...for the daq listing :)
ahem...
get alt financing.
amep needs to take notes!!!!!!!!!!!!
texg/westar oil going to the nasd!
REVISED POST: thanks lalitha, feeling more better now...just need to find out about the o/s and float. be interesting to see if the 8k is filed. like to know if this is an rto, like the fact they are headed to the nasd.
i'm still lurking here, but have a hapy and safe 4th.
adding listing requirments:
!!! listing requirements: http://www.cobeconet.com/global/adr/docs/nas_amex.html
love free trading shares....!
thanks lalitha as i called stephen taylor nj tel number and left a voice mail to go aling with the email... what a head fake the mm's threw out there...hanng on... another hr and 15 mins left on the mk's today. glta
ah, what day is today? eom
good morning all. got a short trade day out on the mkt's, so have a happy and safe 4th of july. thank you to past and present troops and God Bless America!
good morning investors. that's great news magikrabbit! what tel number did you dial and who did you talk with if i may ask? also any news that you can share would be appreciated. thank you for your share and also tia on my questions.
Happy 4th of July holiday to all!
rook
yo jbauer, send me an email of what was said. ty
Dear Mr Stephen Taylor,
I am currently an investor looking to increase my investment. I have conducted a bit of DD and wish to gather more information regarding the acquisition of Terax and Westars other acquisitions.
Also would like to find out a bit more on the one for one dividend on TEXG, how that plays with the o/s and or the conversion to Westar shares.
I left a voice mail theis past Friday evening, I may be reached at xxx xxx-xxxx or emailed information at xxxxxxxxxxxxxx@hotmail.com
I look forward to hearing from you.
Thank you in advance,
xxxxxxxxx
good morning lalitha and all investors. did you get a response yet? keep us posted on that if you have not as yet. i'm going to call the ir person stephen taylor too and leave a msg if i don't get him live. he is or was involved in purh and aghg. i'll be writing him.
Information Request Form
Please enter your message in the form below. Your message will be emailed directly to the contact associated with the press release upon the submission of the form.
Press Release:
Westar Oil Increases Dividend, Set to Close $150 Million Dollar Purchase, and Acquires Acreage
Press Release Date:
06/29/2007 06:00 AM Eastern Time
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Your Name:
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june 8 pr alludes to ar leases as well as other locations. june 22 pr says "The $175 Million of financing is allocated to close two major oil and gas acquisitions involving current production with substantial upside in additional drilling. The senior debt is secured by the oil and gas properties being acquired".
westar info is needed. anyone contact ir?
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001062993-07-001587&Type=HTML
bigdaver, i think we need to get info on westar and that's the key...perhaps texg share will be converted to the westar o/s?
will we be trading under a new symbol next monday? westar ready to close on another public o & g and 24k leases with drill program in the wings.
kinda like cb. hey neld :) couldn't resist
spanishbid, the reason i posed this ? is that sabre posted this. and i'm not sure what sabre is saying... of course, it's early and i was almost late for work due to daddy responsiblities and very little sleep. i'm drinking gulps of high octane go go juice now, lol. so maybe i missing the tone here.... fwiw, the r/s should not pass as i've heard the terms and frankly i'm not for one, my 2c's.
Posted by: sabregold1999
In reply to: None Date:6/29/2007 10:02:58 AM
Post #of 27141
If GEH is right, I think the decision to go after the HIGH has more to do with cost than anything else. If it is cheaper to drill there and bring it to market then I think that may have played a role.
I'm really beginning to wonder if this whole R/S is going to be shelved. Why would they need it? If they do then CB would have a few hundred grateful investors I can tell you that. And his worries about a hostile takeover would go away.
REVISED: spanishbid, exactly. he doesn't want those preferreds split. there's a stipulation (so jc says) that it would take 8+yrs to fully convert (going gang busters). I fail to see how this is a "poison pill" unless the unconverted preferreds give 30% ownership once the r/s p/jc goes through immediately. someone want to help out with this question?
also, does the mere whiff of a hostile takeover grant him special rights to immediately convert outstanding preferred's should the above not give him immediate 30% owenrship?
good morning all and tgif. sabre or anyone, how can cb's worries of a hostile takeover be thwarted should the purposed r/s goes through as i've personally heard from jc?
if the perferreds are to be stipulated that cb (should he have the desire and wants) to convert like clockwork, than it would be 1% of the float every 90 days thus taking 8+ years on that schedule. so my question is this... if cb gets what he wants on the preferred's, does he have 30% ownership of the co prior to the conversion or does those preferreds have to be fully converted for him to aquire 30%? tia
good morning all investors! head fake by mm's to prepare for the next run up...? who would sell at these levels now with news of the close of leases/drill plans/75% working interest...also "closing in the purchase of a controlling interest in a public oil and gas company for $150 Million Dollars". is this in addition to texg? anyone talk with ir?
i have some concerns about kin folk along the neches river north of sabine pass who i can't get in touch with....
that too :) i'd probably would have tried anything...kicking the windows, etc..
that's why a punch needs to be in the vehicle/eom
time for the run to begin today... or do we wait until tomorrow? time to print solidly into the 4's, liftoff in t minus 40 mins or so.... c'mon.
good morning scraft/rog/pga14/ et al (investors) ok, mm's loaded up and let the assault to the 5's and hopefully higher happen. glta. rook
alan k; i hear ya. lol...on your reference to my hometown oil gusher in the early 1900's :)
who's pumping...read all my post here on ihub and on the rb. it's called investing, and investing is gambling... get lost basher and a quater per reply on another thread in your cubie.
lol, good morning scraft. i'm still holding pat on my buy in 4.60. i know the divy's got my backside...i wonder how investor interest will be and how the mm's will play this today?
good morning all. contractor, what's the news with chris sanders and who brought him to the board? tia, rook
touche. i don't read your post as they appear to be crappola to me and that's my 2c's. retract your statement of calling others who post here as morons and perhaps i'll do the same.
you mean you are the moron. can you not comprehend what you read... pr mentions contracts. that in turn can fuel the rise in the sp making that statement possible.
tharmon, that's just awesome. historical battlefield and seabattles areas have lot's of interest with vets and their dependents. now, the last of our vets from a lot of the past conflicts are dwindling each day, the families of those vets are making the trek to see a glimspe and perhaps imagine of what their parents and or grandparents may have experinced. i have not done any of the normandy sites but will do so someday or perhaps this summer depending on the passport issue, lol; and where we decideto go... i have the use of an open aptmnt in olso as well as a guest house and hr from there and my wife and i may do a baltic type trip... have a fun and exciting trip.
Barnett Shale DD
The Barnett Shale gas play in North Texas’s Fort Worth Basin is the largest and youngest in the United States. The area’s source rock has massive organic–matter deposits and has proven to be a prolific hydrocarbon generator. At depths up to 10,000 feet, the Barnett Shale is one of the 10 richest hydrocarbon systems in the world.
Formation Characteristics
The Fort Worth Basin presents an enormous opportunity to tap unconventional natural gas reserves. This large, geologically continuous gas accumulation occupies a structurally low position straddling the basin axis. The accumulation is characterized by moderate depth; gas downdip from water–saturated rocks; low matrix permeability (microdarcy and nanodarcy); and natural fractures. In addition, the shale does not contain any lithologic or structural barrier that separates the updip water and downdip gas
North Texas’s Barnett Shale formation is similar to other black shale formations in the United States, such as those found in the “Devonian” shales of the Appalachian Basin. These shales are rich in organic content and are solid. The Barnet Shale’s thickness ranges from 50 feet to 1,000 feet, forming storage sites for stranded gas throughout the formation. Thus, the Barnett Shale readily lends itself to the drilling technique of fracturing to stimulate production. Fracturing involves the injection of water and sand into a well after it has been drilled, creating pencil-thin cracks in the shale to facilitate gas flow.
Most vertical wells are completed in the southern part of the Barnett Shale with perforations typically spanning 200 feet to 300 feet. Most horizontal wells are completed with a leg of at least 3,000 feet, using slotted liner technology and multi–stage fracture stimulation.
Drilling Activity
Although operators have been drilling in the Barnett Shale since the early 1980s, most companies overlooked the formation until the late 1990s when higher oil prices and advancements in hydraulic fracturing techniques made this unconventional gas play economically viable.
Today, the Barnett Shale is a hotbed of activity and opportunity. About 100 companies are drilling in the area, representing five percent of the North American rig count. More than 3,800 successful wells have been completed to date, with few marginal wells and dry holes. The Barnett Shale’s current aggregate production exceeds 1.2 billion cubic feet of gas per day, and proven gas reserves amount to more than 4 trillion cubic feet.
Operators are currently expanding the gas play beyond the initial core area of Denton, Tarrant and Wise counties. Drilling activity has moved south and west of the original area into what is referred to as the Lower Barnett, encompassing 15 counties in North Texas.
scraft, mm's must be loading up for the next run up... still pat with my shares.
i wonder when texg and westar begin trading under the new symbol?
also looking forward to seeing what contracts westar awards them. thanks again