Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What makes you think it is unsafe to work outdoors?
Using weather as an excuse is ridiculous. I am in the industry and we have no shortage of work going on in PA.
Embellished to say the least!
To those of you who think Jerry has experience in the oil business, he does not.
Wrong guy. John Charles Maxwell Altmann (Altmann Revocable Living Trust)
http://maxaltmannconman.blogspot.ca/2011/10/con-artist-max-altmann.html?spref=bl
Google John Charles Maxwell Altmann (Altmann Revocable Living Trust) and see the kind of company XNRG is involved with.
Why not, it isn't the first time ... he has done this many times before. Check ABFG, Platinum Works, Minecore to name a few. And to the critics that say Minecore failed because of county instability, part of the Minecore business plan was mining Amolite in Canada. Where are all the amolite precious gems now?
http://www.marketwired.com/press-release/MineCore-Discusses-Ammolite-the-Rarest-Gemstone-in-the-World-PINKSHEETS-MCIO-1223752.htm
http://www.sec.gov/Archives/edgar/data/1435936/000143593614000007/s1a220140116.htm
Read the document, it's there in black and white, first mention on page 2.
Read the S1 ... "For the five consecutive trading days prior to January 16, 2014, the lowest closing trade price of our common stock was $0.0002. There is no assurance that the Market Price of our common stock will increase substantially in the near future. The entire commitment under the equity line of credit is $15,000,000. The aggregate number of shares of common stock necessary to raise the entire $15,000,000 at $0.0002 per share is approximately 75 Billion. The number of common shares that remains issuable is lower than the number of common shares we need to issue in order to have access to the full amount under the equity line of credit."
Read the S1 ..."The Company may have to restructure the common stock through a common stock reverse split to meet its minimum Exercise Market Price of $0.50 per share of common stock. The purchase price that the Selling Stockholder will have to pay may be less than the $0.50 minimum Exercise Market Price as the Selling Stockholder’s purchase price is ninety percent (90%) of the average of the three lowest closing bid prices during the ten consecutive trading days immediately following the Company's delivery of a Notice (the “Pricing Market Price”)."
Maybe not quite yet, but soon.
Jerry is out of pocket --- gone to Canada for the holidays
Too cold? My friend is on a frac crew in PA TODAY! There is no such thing as too cold in this industry.
The weather should not be a factor. Drilling and well completion continues in snow, ice, and frigid temperatures all the time. The wet weather last Spring was another story, if you are flooded out there isn't much you can do about that except wait for the water to subside.
He has a very expensive lifestyle. That explains it.
It's not like the tank had to be moved, it was only ordered, not received yet. So IMO that shouldn't cause a delay, just place it on the new location when delivered.
I would say it was living expenses.
How can he "prove" he is doing good things? I think it is pretty naïve to believe everything he says. Of course he wants the business to succeed, but sometimes people just have dreams that are too lofty for their means.
Why do we need to be patient until January?
The Vencedor first month's well production for 4 wells on Rice is stated in the January 2013 XUN presentation on their web site.
"Vencedor producing from 4 new wells completed in July and August
Vencedor produced 1,388 barrels in first month of full production from the 4 wells"
Maybe this is the Texas deal:
www.faqs.org/sec-filings/120215/Real-Value-Estates-Inc_8-K/exhibit102.htm
Pepoil, I can't see a record of production for Vencedor on the Rice lease, according to their drilling permits registered:
paoilandgasreporting.state.pa.us/publicreports/Modules/Production/ProductionByOperator.aspx
Now I am wondering too.
Bodach, the purple sentence has always been there.
"This company has close to a million dollars of debt, less than $25k in cash and could raise less than $60k if the SEC approves the issue of 75 million more shares of it's practically worthless stock. They would like to move into a property in Melbourne that is for sale for $7 million. They produce nothing and do nothing but speculate on leased oil wells, of which they have drilled only one as of last month and it only smells like petroleum might be down there.
Why is the County wasting time even considering this absurd recommendation from the EDC?"
It doesn't take a week to assess the wireline log, it should be immediate. And it doesn't take this long to run wireline in a 1000 ft well. There are a lot of folks wearing rose colored glasses here.
I know about VTA -- is that all you have? Why have all his own companies gone bankrupt then?
"And with his background history of bailing out companies they probably figured Jerry could make it work"
You have got to be kidding! Every company of Jerry's has gone belly up. Please provide some information on his history of bailing out companies!!!!
Regarding the deceptive resume of Jerry Mikolajczyk that keeps getting posted on here:
Why doesn't he include his "experience" with his other companies, some of which are:
ABFG(American Benefits)
Terrablock Technologies International Ltd.
Tashsa Industries Limited
Platinum Works Inc
Americana Gold and Diamonds
Minecore Inc.
Shirelle Holdings
http://www.angelfire.com/biz2/dmnews/ABFG.html
"Jerry G. Mikolajczyk, president of ABFG, plans to have acquired over 100 different companies by the year 2005 and bring in a total revenue of about $776 million. They are even in the works of making alliances with big names such as Amazon (Nasdaq: AMZN)."
That Jerry, always has big plans! None of which has ever come to fruition.
This is my only account. Just watching and feeling really sorry for the people taken in by this scam. Or maybe it isn't a scam, maybe Jerry is just too stupid and greedy to ever have a successful business. He loves his lavish lifestyle and doesn't care who he tramples to maintain it.
Anyone can create an exaggerated resume -- it's mostly deception, and I should know because I have known Jerry my entire life.
"Mikolajczyk said, in addition to his proposed 134,900-square-foot headquarters and manufacturing site at 425 North Drive in Melbourne, he is looking at sites in California and Texas to move his Portland, Ore.-based company, which currently has four employees.
Mikolajczyk said the Melbourne facility would be corporate headquarters for Xun’s oil and gas operations and energy-storage operations. It also would house the manufacturing and testing of energy-storage units, as well as research-and-development and marketing departments.
Mikolajczyk said he hopes to add the 308 jobs from 2014 through 2017, at an average annual salary of $86,832, creating an annual payroll of $26.7 million. The company said 50 of those jobs would have an annual salary of $180,000 or higher."
Is he on crack? That's one heck of a pipe dream!!!
Yes I understand the casing and cementing process, but it isn't part of every drilling operation. There are many wells that are open-hole and then logged before further operations proceed. Maybe they are drilling into an unstable formation.
Question: why would they case and cement the well before they knew if it would be productive? It seems like a waste of money to me. They should have drilled and then run the wireline before any further operations and expense.
I did not publish that card, I found the page online with a search, and it links to this one
http://www.joesdata.com/companies/Oakridge_Holdings_Inc_7145390/1.html
What is Oakridge Holdings-- Jerry is CEO
http://www.joesdata.com/executive/Jerry_G_Mikolajczyk_151360776.html
Revenue: $10 - 20M
Maybe ask Jerry about the time he was in jail in Madagascar for fraud?
http://www.stockhouse.com/companies/bullboard/delisted/delisted-companies?postid=6792845
Utica Resources? Interesting that you found that obscure company since Jon Malis, the man discussing operations in the Xun videos is EVP/CFO of Utica, and he is president of Northeastern Consolidated Energy Partners. Small world I guess.
Did you ever notice how Jerry puts three exclamation points after a lot of his statements?
Those Bakken wells are very long horizontals, nothing like these vertical wells.
More DD on Mr. Mikolajczyk's past companies
-- ABFG http://www.stockpatrol.com/article/key/ABFG2