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I was talking about yesterdays transaction, sorry
It cant be an impatient seller IMO because the sell would only be worth 8 dollars which is about the cost of the trade so they make nothing. JMO though
Hopefully the news is Production so we can actually run
If only I had some powder left, Id slap the ask:(
People just wont let this POS die.......
A 100 share took us down a bit. Could that be a MM signal?
until we here actual production numbers coming in though we are going to see this flipped often. We ended green but Production will bring in the real momentum.
I have to agree with you. MKHD looks a hell of alot better than asyi. Time will tell, I guess
Once Production begins, we move IMO
Dont see it happening
I emailed Ron as well and got the same answer. I am just NATURALLY an impatient person LOL :). I know its foolish for a company to take on more than they can chew anyway. Besides the slow and steady usually wins.
I only hope that the interest percentages increase in later projects but at least for the time being I cannot complain because Ron is doing everything right. These little 1 percent projects do add up fast. I can see .15 to .20 as a new base earlier though with all that is going on. Plus if Ron increases interest percentages we should see some massive gains
Production should make this run. A few posters have mentioned that we had good PRs and this thing was still dropping. All the PRs are noise until PRODUCTION AND REVENUE take place. That is all that matters at this point along with moving forward to the next well which hoprfully takes place soon
Does this company have any plans to become current soon? Ive been watching this for a little and am considering coming in
Thanks, Im checking that out now
Does anyone know what kind of production is expected from this first well
Thanks for sharing the Email JRT
Things lookin good. We just need initial production numbers which may be as soon as next week
Sills #1 Completion Activity
August 27, 2012
Flowing at 90# on a 16/64th choke recovering 10 barrels load with 5% oil. Approximately 600 barrels of load water has been recovered (apprx. 38%). We don't anticipate full load recovery. Generally, the oil and gas, being less specific gravity than the water, will begin to break through and increase, and the water will move into formation pore space, creating a capillary pressure to compress more oil and gas from the porosity. The break-over point is not specific to exact percentage of recovery and varies on particular reservoirs. What is definitive, is time. The well is currently strong enough to remove the load without the expensive mechanical means, such as swabbing. It is also best to allow the well to reach its progress naturally, rather than pulling a vacuum and possibly creating a blockage of the pathways through the formation to the well bore.
August 26, 2012
Flowing back load water, gas and oil, with 90# flowing tubing pressure on a 16/64th choke recovering 10 barrels of load water with 5% oil (1/2 barrel oil). Gas rate at 154 mvf gas per day with approximately 1000 barrels of load water unrecovered to date. Well continually flowing with scattered, heavy gas cut fluid. It is anticipated that the load will decrease and the gas and oil will increase with an increase in flowing tubing pressure. The lengthy fluid withdrawal is typical in this type of river channel reservoir.
Also go to pdgpetro.com You will find the updates on all the current projects
I think once the actual production numbers come in for the sills 1 well, we will see this baby run hard
If the next well gets started within a month and production starts, I think then it will be that much harder for the flippers to drive the price down. This is not my best oil stock but I believe the potential is still here and I would really feel like an idiot selling now when things have just started. The PPS is not going to magically go up with every PR that comes. You are definitely correct though about GRPR keeping the pace. The next well hopefully is in the planning stages because if not we won't be able to hold the PPS. Things are lookin good though at least with the developments so just give em time
Yeah, A bit frustrating but too early to panic considering it will take 3 months after production starts before GRPR receives any revenue. I have another oil stock RVDO I got in at .02 with lower percentage interests per well than GRPR and it is .09 now. As long as GRPR starts a new well soon and can get Production going we may be alright. If not, then one must make the decision to move on. IMO with oil almost 100 a barrel and things just beginning with GRPR I say HOLD
.09 yall. She keeps lookin better
This is the very first well the company has interest in and they are not producing yet either. Im giving it some time. They have activity in California going on as well and there are more wells to be drilled in the Texas Joint Venture
Im still learning some of the Geology terms My friend. Sorry I can't be of more assistance ( This is my first year Investing but consistently trying to learn) However I believe the initial production of 25 to 30 barrels of oil per day that was mentioned as estimated initial production is average for many oil wells. This was actually a good PR. Again I apologize for my lack of knowledge
I hope they start the next well soon. Ive been watching the TRRC website for new permits. If they can stay on track and keep dilution to a minimal we may see .10 this year before Christmas and next year should be even better
For those who have been here for awhile, this is the right news
My guess is .10 to .13 will be our PERMANENT BASE, but I expect this to fly maybe to a quarter but I could be wrong because I was looking over the charts and this baby ran to .40 last year and there is so much more going now as well as a strong oil rebound. I don't expect it to hold over .20 but this could run past a quarter because it di last year and the share structure is about the same
I spotted that too JRT!!!! I think we have a winner especially with oil creepin up
Long time no see Wildcat LOL
It is a PR that just went out today. Maybe you can view it with your Brokerage. Mine showed the PR
I agree JRT we should see a new run soon and I am guessing a higher permanent base in PPS
Don't know what the daily numbers are but the Northwest Premont field has 20 million barrel proven reserves. Each well is estimated at 100000 to 150000 reserves. At a conservative 70 dollars a barrel, you are looking at 7 million dollars or more per well. Each well drilled adds to GRPRS Asset base
OIL about to hit 100 bucks as well. If Production is good we may run hard. Selling before that doesn't make any sense IMO
More volume the past 2 days, more interest here
Im just hoping for good production numbers at this point. Oil is creeping up so hopefully everything is in our favor here
Every PR that comes out is just noise until they have production numbers in commercial quantities. You are exactly right. Production is all that matters at this point
Volume will pick up if PRODUCTION NUMBERS ARE DECENT. Thats what we need to hope for. Volume will come when the production numbers come in IMO
The major news will be a massive reverse split and then more share selling to pay debts owed. There will be no merger IMO
SUCCESS LOL. That was hilarious