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once .001 is gone this thing will be too!!! IMO Go Green Team!
NEWS TODAY!
Avenue Closes on Farmout Agreement of Heletz Field
Avenue Closes on Farmout Agreement of Heletz Field
NEW YORK, NY, Apr 03, 2008 (MARKET WIRE via COMTEX) -- Avenue Group, Inc. (AVNU)
("AGI"), and its wholly owned Israel subsidiary Avenue Energy Israel LTD.
("AEI"), is pleased to announce that it has completed an agreement with TomCo
Energy Plc ("TomCo"), a London-based, AIM-listed Oil & Gas Company and its wholly
owned Israeli subsidiary Luton-Kennedy LTD ("LKL"), to farm-out interests in two
onshore petroleum licenses in Israel. The interests acquired are a 50% interest
in the Heletz-Blur-Kokhav Licence and a 25% interest in the Iris License (the
"Licenses"), which include the original Heletz-Blur-Kokhav oilfields ("Heletz").
Pursuant to the terms of the agreement, TomCo has:
- paid AGI US$1 million in cash;
- issued to AGI 12,618,615 million ordinary shares of 0.5 pence each in the
Company ("Ordinary Shares") valued at approximately US$500,000 at a price of 2p
per share with a one year sale restriction;
- paid to AGI US$107,000 which represent 50 percent of costs incurred to date in
relation to the License;
- agreed to assume 100 percent of the costs associated with implementing the
three year work program covering the Phase 1 period of the License, up to a
maximum of US$4.5 million;
- agreed to pay a further US$1.5 million to AGI upon the successful conversion of
the License into a production lease;
- agreed to pay a further US$5 million to AGI upon recoverable reserves being
certified at 10 million barrels or more by an independent reservoir engineering
firm.
To view Tomco's announcement go to
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1799785&source=RNS
AEI and LKL are currently assessing the remaining reserves for the Heletz field
as one of the first steps in an active technical program designed to identify
well re-completion and infill well drilling targets, and to examine secondary
recovery options. Recent production from the field was around 60 bopd. The
implementation of modern production and recovery methods and selected infill
drilling has the potential to significantly increase production over the next 24
months, which may lead to the granting of a production lease.
Levi Mochkin, AGI's Chief Executive Officer, commented:
"We are very pleased to have completed this agreement with TomCo. TomCo's
management team has had a long and storied career in creating shareholder value
in the energy and mining sectors. Their investment in AGI and Heletz signifies
their confidence in the potential of the Heletz field. It gives us the
opportunity to re-develop the Heletz field and evaluate the significant potential
of the deeper play while mitigating our financial exposure. We look forward to
continue to work with TomCo in implementing the work program that will unlock the
potential of the Heletz oilfield."
Heletz Field Background
The Heletz-Kokhav license and the Iris license equaling approximately 68,000
acres, are comprised of 3 oil fields -- Heletz, Brur and Kochav, and is located
approximately 55 km south of Tel Aviv and 12 km east of the Mediterranean Sea.
Heletz was the first oil field discovered in the eastern Mediterranean and
remains the most significant oil field discovered onshore Israel.
The first well (Heletz 1) was drilled to a depth of 4800 feet (1515 Meters) and
recognized as a producing well on 12 October 1955. Initial production was
approximately 400 barrels per day; oil was 29 degrees API. A total of 88 wells
have been drilled on the Heletz field to depths ranging from 4,000 to 6,500
feet., of which 59 were producing wells with the other 29 having oil shows. Peak
production occured between 1959-1967 when daily production was between 2,500 and
4,000 barrels of oil per day ("BOPD").
Total proven reserves have been estimated at 19.1 million barrels, of which 17.2
million barrels of oil has been recovered. Recovery estimates do not include
secondary, tertiary recovery methods that may have the potential to raise
production; these methods have not yet been applied to the field. A number of
significant undrilled, deeper exploration prospects on the licenses have also
been identified.
ABOUT AVENUE GROUP INC
Avenue Group, Inc. (AVNU) is engaged in the exploration and development of oil
and gas reserves. Its strategy is to acquire a portfolio of oil and gas assets
that include the acquisition of low risk oil and gas reserves and the generation
of low risk drilling opportunities.
Certain statements in this announcement including statements such as "believes,"
"anticipates," "expects" and all similar statements regarding future
expectations, objectives, intentions and plans for oil and gas exploration,
development and production may be regarded as "forward-looking statements" within
the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on the opinions and estimates of management at the time the
statements are made. Management's current view and plans, however, are subject to
numerous known and unknown risks, uncertainties and other factors that may cause
the actual results, performance, timing or achievements of Avenue Group to be
materially different from any results, performance, timing or achievements
expressed or implied by such forward-looking statements. The various
uncertainties, variables, and other risks include those discussed in detail in
the Company's SEC filings, including the Annual Report on Form 10-KSB, for the
year ended December 31, 2006 and its Quarterly Report on Form 10-Q for the period
ended September 30, 2007. Avenue Group Inc. undertakes no duty to update or
revise any forward-looking statements. Actual results may vary materially.
For further information, please visit our website at
http://www.avenuegroupinc.com or contact Levi Mochkin at (888) 612-4188 ext 4 or
email IR@avenuegroupinc.com.
Levi Mochkin
(888) 612-4188 ext 4
IR@avenuegroupinc.com
http://www.avenuegroupinc.com
SOURCE: Avenue Group Inc.
mailto:IR@avenuegroupinc.com
http://www.avenuegroupinc.com
Copyright 2008 Market Wire, All rights reserved.
I cannot verify any of this, although I did speak to the company when I found this BAG I have been holding forEVER!!! LOL
http://investorshub.advfn.com/boards/read_msg.asp?message_id=20581901
Maybe this sleeping giant WILL WAKE UP AND RUNNNNNNNNNNNNNNNNNNN! I am thinking pennies by the end of the Week! Stars aligned and all.. BWAAHHHAHAAHAHA
GLTA
GTG
This could be big, huh? what is your opinion? What would this immediate rev. do to the share price? TIA
HDOG- do you know current share structure here? TIA
HDOG- looks like they are getting the money ready to give Avenue 1m cash and 500k in stock. LOI says all about it. If things go good they could get 5m in cash as well...(if oil field has 10m barrels of oil) Company web-site and London Stock Exchange references they are selling securities to move forward on Isreal Oil field LOI that you posted. They should PR this soon, I think I read by the 27th it will be completed somewhere- but don't quote me. Do your own DD, IMO...
Cheers! GLTA
GTG
Looks like Tomco Energy is raising the Cap. to seal the deal?? HMmm...
http://www.tomcoenergy.com/dyn/Press/1206010493/1206010502
http://www.tomcoenergy.com/dyn/Press/1206010652/1206010662
TomCo Places Additional Equity
TomCo Energy places equity needed to develop Israel oil project-
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1743524&source=RNS
info on Tomco:
http://www.tomcoenergy.com
http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0031782278GBGBXAIM%203178227NCS
GTG
LOL.. As funny as that was, I think tomorrow will be green! And if it isn't, my screen name will still stay positive! Good entry point here.i.m.o. Trips are for kids.
GTG
What happened? What are the chances for 50M and a green close? A lot of shares went @ .0025 today! It should be much higher right now. IMO
gtg
Agreed very vague statment. CEO also made a vague statement in 10.07 to letter to shareholders:
"The Law Enforcement market is an exciting, rapidly changing and profitable industry. Some of the technologies that we are exploring are in the field of radiation detection and explosive detection. We will be able to utilize the channels and relationships that we have in place now to deploy new devices to distributors. This more rapid deployment should translate into increased sales and earnings per share."
Looks good so far. IMO
Thanks Hotdog for your DD. Locked and loaded...
GTG
My favorite part of the PR is: "The company has already received an indication of an order which would exceed all of our 2007 revenue."
This PPS will be a thing of the past when contracts are announced. Patience will be rewarded here, and maybe sooner than expected?? imo
GTG
There is a long time left to truly see the investor potential here HAN. Looking @ it tick by tick will drive you insane. This is going big. Let's break .003 today, .005 tomorrow, Ect, ect.. As one poster mentioned, we hit .02 w/ absolutley no news. Just think of the potential here! This truly is: BIG BUSINESS!!!!
GTG
Thanks DFLY!!! Do you still think .003 is the spot we have to break? Cause I think it will be up shortly!! IMO
I am sure you will be happy!! Here is a brochure explaining in detail the RadDetect 1250
http://www.securenet.bc.ca/Library/RadSense/RadDetectACG1250verfax.pdf
GTG
22x25 now, we be flying!!!
NEWS!!!
Definitive Agreement with ACG Security Group for Radiation Detection Technology Signed and Completed
BusinessWire - March 11, 2008 10:12 AM ET
Paradigm Tactical Products Inc. (Other OTC:PDGT.PK - News), a leading provider of detection technology and homeland security solutions to the military as well as to the corrections, law enforcement and security industry signed the definitive agreement with ACG for a radiation detection technology. The company plans to begin marketing the initial product, the RadDetect 1250, through a distribution network that has been developed over the past months. Paradigm Tactical also plans to expand on this radiation technology in conjunction with ACG to include GPS enabled detectors.
The RadDetect 1250 is a key fob type device capable of detecting both Beta and Gamma radiation as well as locating the direction of the radiations source. The device detects Cesium-137, Iridium-192, Thallium, Cobalt-60, and Strontium-90. It is the only keychain-style personal radiation detector that detects Beta radiation, which includes Strontium-90, a grave concern for dirty bombs. The RadDetect has been approved for purchase by the U.S. Department of Homeland Security Office of Domestic Preparedness.
Paradigm Tactical Products CEO Vincent Cammarata commented, "The introduction of the RadDetect ushers in a new era for our company. We are no longer limited by a one dimensional product line". Cammarata continued, "We expect sales of the RadDetect to grow extremely fast". The company has already received an indication of an order which would exceed all of our 2007 revenue. We expect that a purchase order will be issued for this within 90 days and of course this is only the beginning. The RadDetect is a critical device not only for police and first responders but for every member of the military as well. We believe that we will also gain significant sales in the civilian market especially as world tensions increase and the likelihood of domestic radiation attacks on Americans becomes greater."
About Paradigm Tactical Products
Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of detection technology and homeland security solutions to the military as well as corrections, law enforcement and security industry. The Company owns rights to license, manufacture, market, and sell all of its devices. As the heightened attentiveness to terrorist and other security threats continue to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold products to numerous Federal, State, and local institutions.
For more information: http://www.friskerdirect.com/
Safe Harbor Statement from Paradigm Tactical Products, Inc.: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.
SOURCE: Paradigm Tactical Products Inc.
Paradigm Tactical Products
Vincent Cammarata, 1-866-FRISKER
President and CEO
IR@paradigmtactical.net
This stock moved quick with buying pressure. Pressure didn’t last, but jumped up and down nice with volume. Prob. pullback tomorrow. Weekly chart looks like this was needed!!! I think next week will be the $$ maker PR of a lifetime. Don’t be "out" of PDGT by Friday. Holding strong for the: Imminent !! IMO!!!
The Green Team Must GO!
I suppose if MOMO comes back we go to .01 ?
March? GEGP??? Why are there so many ??'s
Let's get Amy to kiss Madonna @ the Grammy's! Masterful
Blockbuster stuff coming IMO...lets go Gold!
GLTU
GTG
I thought I would add my DD from today as it might not be much but maybe positive info... I spoke with Marjorie over @ Lime Truck (COO). I called as and investor at the end of the day, (4:45PM CST) First of all, she took my call, and she sounded very busy, and was very excited about AWYI. Told her I was shareholder and was seeing how things were progressing. She mentioned that "everything is moving forward" and also when I mentioned Arne, she said "this is mutually beneficial." Much more in the 5 min conversation but to sum it up: Very positive, upbeat, and moving forward... Hope it helps! I appreciate the DD done here by all. Go AWYI in 08'! EOM
GTG
why did you delete the "cheerleading pumpers" comment from the last post? I remember when you would put out 17 page posts on this stock?? A lot of good DD IMO. Thanks for your help PP, you helped me find a winner.
GTG
There it is:
16:12:28
.0048 802432
.0048 177568
What does it all mean? Will the real cammarata please stand up? j.k. Let's rock this!
Paint please.
I am just taking a stab on this. But I like the fact they are clearing up any older items that may have been in question (cleaning up old mess). Get some interest built up and BAM!! Release the news of the new contracts already in place make this go wild. Strategic IMO
u/t .006
If we break 2's this thing is a home run! IMO
EOM
I actually think it would be kinda cool. It'd be like a virtual-kool aid stand. IMO lol
I remember these settlement trades happening before the run. Been lurking ever since.. Great day today! Glad that we got a good CEO and solid product with additional products to come. LOCKED and LOADED. I think we will all be very happy in the near future. GLTA
That is the same volume I have on Etrade. 8132433, let's break the 7's! we can do it team. GREEN TEAM
Thanks for the input!
Can someone please give me some input on this? FNIX works w/ MSFT right? And MSFT is releasing this voice software thing today. Do you think this is the reason for the volume increase?? http://bits.blogs.nytimes.com/2007/10/14/bill-gates-presents-the-one-really-big-ringy-dingy/?ex=1193...
TIA EOM
Locked and loaded! Let's Roll!
Maybe they know this?? Let's Roll Boys and Girls! Green team Go!
http://bits.blogs.nytimes.com/2007/10/14/bill-gates-presents-the-one-really-big-ringy-dingy/?ex=1193...
Shake and Bake!!
This will sure be interesting to see the EOD frenzy. Just a healthy shake before lift-off! GLTA EOM
L2? Can someone please post? tia
GTG
here we gooo... lift off in T-minus... pennies here we come!!!
I just got filled on a 89k order @ .0055 and it didn't paint. AON order. Does anyone know why, or can anyone see an 89k order?? TIA
RBCM is OFF the ASK! 1x.005 5x.0055