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What's up with New Centary Energy?
Something is up....... If we weny from 10 billion AS to 1 billion...... valor may have been approved for some TARP money..... HAHA...
IS SW done helping with Tiger link?
Did valor ever get paid for the tech?
The Web site mentions cananda projects maybe a deal done there?
could we be merging with another company?
something's up.......
We need some TARP $$$$$$$.... EOM
It does appear the selling as stopped......
maybe news soon?
Mazybe The CD holders will get put into the
Bad Debt bucket.......
Wall Street has ended a volatile session sharply higher after a stunning late-session turnaround that sent the Dow Jones industrials up about 400 points. The big comeback followed a report that the federal government may create an entity that will take over banks' bad debt.
Maybe Valor can slip their Debt into the Bad debt fund.....
Valor sould try the Federal reserve......
They are handing out billions.... we are just looking for a few million.
Nope nothing was up EOM
I think you are close to the truth.....
So how dose this play out....?
10 billion times .0001 is only $1 million....
That is not enough to cover the CD........
Any News on Qmac?
Well one thing is for sure.....
The Selling has not stopped.....
It looks like SW is still working on a deal.....
If 9 milliom more shares
are dumped.....
At these prices.....
Our debt will come down $900.
Do I have this right? .0004-.0005 75% discount
Low volume days again.....
If the trend holds maybe just maybe SW has done a deal.....
Lets hope.....
Strange.....
Why would pink sheets do that?
If this keeps up SW may have reached a deal with the
CD holders........
Looks like around 8-9 million shares
are going to get dumped.... SW must have sent the shares slow boat....... Time will tell.... Lets hope a deal can be reached.
Well.....
there is no reason to put out news until The CD holders stop dumping........
Yes unless SW puts out a PR
Stating a New Deal with the CD holders....... given the last 10 weeks of share dumping..... More shares are coming onto the Market.
I think you are not far from the the actual result....
It's been a sad last few months.
while the news is likley to be very good......
Unles SW can get a grip on the OS.... It will be hard to put a value on the stock.... Other than where it is now.....
Also from New Century report Interesting......
The Company has executed agreements with one oil and gas exploration company and one other industry investor that were interested in participating in the Company's exploration and production activities on its Hamill and Hamill lease in Matagorda County, Texas.
However, the Company retained operatorship and the majority eighty percent (80%) working interest in this property. All of the Company’s other producing properties are owned 100% and operated by the Company, except for the Wishbone Field where the Company owns a 15.2 % non-operated working interest
SARGENT SOUTH FIELD- MATAGORDA COUNTY, TEXAS
The Company acquired 100% of the working interest in the 3,645 acre Sargent South Field from Calpine Natural Gas (NYSE) and its partner ("Calpine") in January 2004. The Sargent South Field is located onshore in Matagorda County, Texas, east of Matagorda Bay. In 2006 the Company acquired an additional 1,610 gross acres (1,288 net acres) from the State of Texas covering adjacent lands in the Gulf of Mexico. The total leasehold owned by the Company now totals approximately 4,204 net acres. Currently, there are three (3) producing wells on the Hamill Lease; Hamill #2, Hamill #14 and Hamill #17, with daily production in excess of approximately 1,900 MCF of gas per day, (MCFGPD), however, the Company can provide no assurance that the wells will continue to produce at this rate, if at all. There are also four (4) shut-in wells, Hamill #10, Hamill #11, Hamill #19, and Hamill #1-R.
At the time of the acquisition there were two producing wells, the Hamill #2 and Hamill #19. The Hamill #19 is currently shut-in and non-producing. During 2008, the Company may attempt to deepen the Hamill #19 outside of its existing casing.
A license to a 10 square mile 3-D seismic survey ("3-D") was also acquired from Calpine and this 3-D has been reprocessed, along with some recently purchased 2-D seismic lines. New drilling locations have been identified on this lease for drilling in 2008. The seismic and geological 3-D interpretation project process will be an ongoing process. When the results from any new wells are drilled on this lease, the data from the new wells will be integrated into and used to update our ongoing interpretation project.
The Company has an ongoing workover and recompletion project underway in the Sargent South Field that began in January 2005. The Hamill #2 well was cleaned out and recompleted in November 2007 and is currently producing at the rate of approximately 490 MCF per day on a 10/64 inch choke, with a flowing tubing pressure of 680 pounds per square inch ("psi").
During April 2008 an unsuccessful recompletion was attempted on the Hamill #10 well after the well ceased producing gas. This well is currently shut-in and being evaluated for possible recompletion.
The Hamill #11 well is currently shut in.
Hamill #14 was recompleted in April of 2008 in a new sand from perforations at 4,900 feet and is currently producing gas at the rate of approximately 300 MCF per day on a 9/64 inch choke with flowing tubing pressure of 800 psi.
The Hamill #17 was worked over in November of 2007 and currently produces gas from perforations in a stray sand at 5,630 feet at the rate of 1,150 MCF per day on a 10/64 inch choke with a flowing tubing pressure of 1,400 psi.
-4-
--------------------------------------------------------------------------------
During August 2006, re-entry operations commenced on the Hamill #1-R well, that was originally drilled by Gulf Oil Corporation ("Gulf") to a depth of 16,200 feet in 1961 and subsequently plugged and abandoned by Gulf in June 1967. Recent operations included milling out and removing numerous cement and bridge plugs set in the well when it was originally abandoned by Gulf. The well has been cleaned out to a depth of 11,000 feet inside the existing 9-5/8" casing. Cased hole logs were run in the well in October of 2006 and the well is being evaluated for possible gas sands for testing and possible production. The first recompletion attempted in November of 2006, at a depth of 5,560 feet produced gas, but in non-commercial quantities. The Hamill #1-R well is currently temporarily abandoned and being evaluated for deepening outside of casing during 2008 or 2009.
On or about March 16, 2007, our working interest partner in the Sargent South Field, Aquatic Cellulose International Corporation ("Aquatic") executed a Partial Assignment of Oil and Gas Lease and Bill of Sale whereby Aquatic conveyed to Century Resources, Inc., all of Aquatic's rights, title and interest in the Hamill and Hamill leasehold for all depths below a depth of 7,000 feet below the surface. In addition, Aquatics assigned all of its interests, regardless of depth, in Hamill and Hamill well numbers Nos. 14, 19 and 1-R. In return, we repaid Aquatics all deposits made toward the Hamill 1-R and Hamill #14 workovers and released Aquatic of all prior commitments made regarding these wells.
From New century report.......
BUSINESS STRATEGY FOR 2008 & 2009
As part of our corporate strategy, pending the outcome of our Chapter 11 Bankruptcy and funding permitting, we expect to remain focused in the following operational and project areas:
1. remain focused in the Texas Gulf Coast onshore region;
2. acquire properties and proven reserves where we believe additional value can be created through a combination of exploitation, development, exploration drilling and expanding marketing opportunities;
3. acquire properties that give us a majority working interest and operational control or where we believe we can ultimately obtain it;
4. maximize the value of our properties by increasing production and reserves while reducing operating costs;
5. maintain a highly experienced team of operations and exploration consultants using state of the art 3D seismic technology to prepare detailed field geological studies; and
6. develop drilling prospects and acquire acreage positions over new drilling areas, for future drilling by the Company or farmout to qualified industry partners. In connection with this strategy, new projects are being evaluated in Texas.
Let's see what the OS is......
Next week......
We are approaching 200 million......
That is my feeling also.......
Time will tell
The Share count is ............
171 million
SW is still working on it.......
still waiting on the future
OS total.
are we due for another wave of selling?
right.....
No end in sight
On the reverse, it allegedly had a hand-written statement in block letters, which read, "SOME PEOPLE ARE BOOK SMART AND LIFE STUPID JOHN." Mr. Briner says the note caused fear, alarm and emotional distress to his family.
You have got to be kidding.......
Lets take this to Judge JUDY
Interesting.....
I wonder how much is ture?
Has the OS risen again?
I can also say......
I got a little yesterday
What I do not understand...... Given the current events....
CD converting at will with no end in site..... OS rising...
I am sure SW is wise enough to know that unless the CD issue gets resolved...... No news is going to move the share price forward for any lenghth of time.....
Still SW moves forward....
To hire an IR Rep.....He must have a good plan or struck a deal with the CD holders.....
Or Am I just confused?
Valor Energy Announces Appointment of Investor Relations & a Plan for Website Enhancements
Thursday August 14, 6:00 am ET
SALMON ARM, BC--(MARKET WIRE)--Aug 14, 2008 -- Valor Energy Corp. ("Valor" or "Company") (Other OTC:VLRN.PK - News), an energy development and production company, is pleased to announce two significant initiatives designed to further enhance shareholder awareness.
ADVERTISEMENT
First, Valor is pleased to announce the hiring of Patterson & Associates, Huntington Beach, California, to provide investor relations services to the Company. Mr. Patterson's background includes a very successful career of more than 30 years in business, emphasizing marketing, sales, and business development while at such companies as IBM, Honeywell, and Tandem Computers. This past decade he has combined this knowledge and experience with his strong interest in the investment community, focusing on companies in the emerging market arena, to offer investor relations support and other consulting activities to selected customers. Mr. Westgarde commented, "Prior to hiring Mr. Patterson, I engaged with him in numerous discussions over a period of many months, and am very pleased to now enter into this new relationship with him. I appreciate his honest and straightforward assessments and I believe he will communicate to our shareholders with accuracy and integrity."
Second, Valor is pleased to announce the engagement of Left Right Minds Creative Solutions of Vancouver, BC, to further enhance the Company's website. We expect improvements to greatly enhance the viewing experience to our website visitors through a more powerful and dynamic presentation. The work is expected to take between 4 - 6 weeks.
As previously reported, Valor is currently working on several initiatives to enhance Company value through diversification in the energy sector. We would like to thank our shareholders for their patience and continued support.
To learn more about Valor Energy please visit our web site at www.valorenergy.com.
About Valor Energy
Incorporated in Nevada, Valor Energy Corp. is an energy development and production company with working interests in Texas and plans for expansion to Canada. Valor Industries Ltd., (VIL), Valor Energy Corp's wholly owned Canadian subsidiary, provides proven management to its parent to create long term value for shareholders and partners. For more information, log on to www.valorenergy.com.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. The Securities and Exchange Commission has generally permitted oil and gas companies in their filings with the SEC to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use the terms probable and possible reserves, reserve potential or upside or other descriptions of volumes of reserves potentially recoverable through additional drilling or recovery techniques that the SEC's guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the Company. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. Our reserves and future cash flows may be subject to revisions based on many factors. It is possible that the assumptions made by management are not necessarily the most likely, and may not materialize, including but not limited to the possible undeveloped gas reserve. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Valor Century Corp. takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Contact:
Investor Relations:
Gary Patterson
Patterson & Associates
info@valorenergy.com
(714) 369-2933
--------------------------------------------------------------------------------
Source: Valor Energy Corp.
Ya
Even at 10 billion OS at these prices we can not cover the CD...
There was a rumor......
About 9 months ago.....
A Goverment was interested.....
Not sure which one......
Maybe that's it?
Not sure about that....
Got this Form New C
"A license to a 10 square mile 3-D seismic survey ("3-D") was also acquired from Calpine and this 3-D has been reprocessed, along with some recently purchased 2-D seismic lines.
New drilling locations have been identified on this lease for drilling in 2008.
WELL We ARE WINDING DOWN HERE FOR 2008. Could News be coming soon?
The seismic and geological 3-D interpretation project process will be an ongoing process. When the results from any new wells are drilled on this lease, the data from the new wells will be integrated into and used to update our ongoing interpretation project. "
"The cash that was committed in the deal has already generated important cash flow to fund our proven natural gas development in the Sargent South field operations."
Could this be a clue to a redo or funding for a NEW well?
"Valor is considering potential opportunities that may be available to market this technology in related industries going forward."
It sounds like we may still be a Rep for the Harvestor....
This is also interesting......
plans for expansion to Canada. Valor Industries Ltd., (VIL), VLRN's wholly owned Canadian subsidiary, provides proven management to VLRN to create long term value for shareholders
Is this more Oil and Gas wells?
Something else?
I guess we Own this? Is it a shell? VIL
As disclosed in our recent financial filings with the Securities and Exchange Commission, we are
THIS is The Key......
planning to participate in the development of the reserves in place on the project.
WE Need To Drill are way out of this.... And We Can I belive....
As of January 2007, our report issued by R.A. Lenser and Associates Inc., Consulting Petroleum Engineers and Geologists of Houston, Texas, reported Valor reserves of 44,000 MCF proved producing, 205,000 MCF proved undeveloped and 2,064 MCF (2.06 billion cubic feet) of possible undeveloped reserves."
well no selling today....
that is good news........
The OS could be higher......
will see if I can get the OS.....
I don't think Les fibbed.....The shares are going out faster
then he can count them.....