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Recoverable Oil Reserves of 100 MILLION + BARRELS!
This is what I believe we are working with here and what all the recent activity is about. I do believe they found and are ready to start recovering major amounts of oil from their "Asphalt Tar Sands Tar sands project".
FORT WORTH, TexasFort Worth - Wentworth Energy, Inc. (PINK SHEETS:WNWG) announced today that the Company has closed on its acquisition of a large oil sands project in Utah's Unita Basin. Wentworth Energy has acquired 1592-acre lease known as the Asphalt Tar Sands Tar sands is a common name of what are more properly called bituminous sands, but also commonly referred to as oil sands or (in Venezuela) extra-heavy oil. They are a mixture of sand or clay, water, and extremely heavy crude oil. project, for 1,000,000 shares of the Company's common stock and a 12 percent royalty on the net proceedsNet Proceeds
"The Asphalt Ridge Tar Sands are located in the north-northeast flank of the Unita Basin, about 3.5 miles southwest of the town of Vernal, Utah. According to historic geological reports, the company believes that total recoverable oil reserves on the project could be over 100 million barrels of oil"
"The land position we have acquired is located in the heart of Utah's rich oil sands region. The opportunity for Wentworth is to combine this strong asset with the new recovery methods that have been developed over the past several years. Our plans are to work closely with the Utah government to ensure that not only is the oil extracted using the most efficient and cost effective technologies, but that preservation of the environment is also our top priority."
"The oil-saturated sands are in the Mesa Verde Group and the Duchesne River Formation and have been identified at varying depths from the surface to 250 feet. This means that the oil can be recovered using open-pit mining techniques, which is a very cost effective method."
http://www.thefreelibrary.com/Wentworth+Energy+Closes+on+Acquisition+of+Major+Utah+Oil+Sands...-a0137910750
I do believe the PR will be in regards to this property. So lets crunch some numbers here, lets just assume they actually did find around 100 million barrels of recoverable oil on this property. At current market price, that would make this find worth roughly 9.9 billion dollers. With the current O/S of 247 million, that would only give WNWG a market cap at $10 a share of 2.4 billion....
Now lets go ahead and try to be more realistic with this. Lets just assume that they didn't find 100 million barrels of oil, but a good bit less, and lets factor in costs to extract it, transport it, refine it, bring it to market etc... Even if you reduce the numbers by 70% you still come up with a "realistic" price per share of $3. So even if this is a MUCH smaller find than 100 million barrels, you could realisticly expect a pps of some where between $1 and $3 a share.
Of course these are all rough numbers, and are based on the unknown fact of how many barrels of oil the reserve actually does have. But the point is to give people a some what realistic range of what this company could in fact be worth when they drop the news.
The share structure here is very very very small for an oil company. So even with a pretty small find, you could easily see how the company could be woth around $1 a share. So even at current prices this stock is almost surely greatly undervalued in the event that they did strike oil. Now we just got to wait and see what the PR brings, but based on the recent volume and pps increase, I do believe I got a pretty good idea what it's going to say. We just need to get the hard numbers to find out what its worth, but from what I hear it's "substantial".
If you want "proof" you will simply have to wait till it comes from the company. Until then all one has to do is look at the massive increase in pps and volume to understand that something big is going on here. Mutliple sources are talking about a major oil stike worth alot of money, with a PR next week.
If this is indeed the case, even at .05 since a share the market cap would still be quite low for an oil company with a big oil find. So it's not hard to see how far this could really run when the news does hit. Again IMO it appears quite clear that some people already know whats coming.
Same to you!
We will be updating that info in the coming days. Stay tuned!
SCARS NEXT MULTI-BAGGER COMING THURSDAY!
Get your powder ready, next week is going to be BIG!!! You do not want to miss this play!
I and the crew told you that a R/M was coming in PRMK when it was at .02, few days later the 8-k announcing it dropped and the price went up to .055.
We told you about the R/M here, and well it wont be long before the news drops here too.
You need to get with the program.
Same thing I am hearing from people. Haven't heard a doller amount yet, but I hear that they not only have struck oil, but that the find was of very very "significant value". They also indicated that they expect a major announcement this week in regards to it.
I think it's quite clear some people already got the heads up on it due to the massive increase in the pps. No one on I-Hub is pumping this, and no websites called it either. The rise came from some where else, mostlikely from people with close ties to the company.
Next week should be really interesting!
This sleeping gaint is just getting started!
Great day today, easily broke well into the .02s today, up around 60% from when we first alerted it. Nice and steady climb upward until news hits, which should be this week or next. Going to be a really big play!
The same guy who owned PRMK and sold it for the reverse merger owns this company as well.
Yea click the link in my sig, got a bunch of DD there.
Anyone selling at those levels when the spread is that massive simply is an amature and has no clue what he's doing. It's kind of funny, but at the same time its really sad there are people out there who trade stocks that actually know that little about trading.
I do believe the word is starting to leak out on this. People are starting to realize this is a major reverse merger play, and that news will be dropping at anytime now. Only the ignorant are selling, and there are very very few of them here in this stock!
.02s are up!
Ditto, got all the shares I need, now I am content to just sit back and wait for the news that I know is coming!
No doubt, once people find out about this reverse merger play, this is going to expload. 8-k announcing it should be out this week or next and then it's off to the races. If the company thats merging into this shell is worth a ton of money, with this small share structure the pps will fly!
Hearing the same thing my self! Do believe today will be the day!
We good! it's time to just sit back and relax and wait for the 8-k to drop announcing everything! Should be this week or next at the latest IMO.
Hey buddy, good to see ya here! This is going to be a fun ride, and glad you like the new board! This stock is going to be a great way to launch it IMO. We are still digging deep trying to find out what company is going to be merging into this, can't wait to confrim that, but might have to wait till the 8-k drops to do that. Shouldn't be long though!
They are using this same technology to track oil tankers, oil pipeline blow outs and problems, as well as police, ambulances etc. And this is just the start of the commerical and public uses their technology can be used for.
This is why ZSTN is looking to buy these guys out, they just got into the GPS market and are making alot of money from it and are looking to expand. No better way to do it than with ECDC!
Ty sir, the more people we can get this out to before the news hits the better! Lot of money to be made here!
I am done loading up, lets close at .02 ;)
This is sooooooooooo thin! Any real volume here and this is going to fly to the moon!
Already posted, came out at 6 amish this morning :)
The company is playing "dumb" on this, as they can't say anything about a buy out, not even hint at it, until they announce it. If you call them and ask them about it they will tell you something different, but too many sources are saying other wise....
We will see what the 8-k states...
Np thats what we are here for. We are talking days here, not weeks. News might drop by the end of this week or early next week IMO. Diffinitly not a long term or mid term play. If people can accumulate now before the news hits they will make alot of money.
We are still trying to figure out what company will be merging into LBGE, as that is where the value will come from and of course control what pps LBGE runs to. The company that merged into PRMK was a very good, clean company with a 40 year history. They had decent revenue but with their share structure it was enough to justify a .05 to .07 price range, which considering we called it at .015 that wasn't bad at all.
This play could be much much bigger if the company that is merging into LBGE is worth alot more. But so far we have no idea what that company is but will be looking hard to try and figure it out for you guys!
I am thinking more in the .30 to .50 range, but anything is possible, their tech is worth alot of money, specially to a company like ZTSN who is just getting into the GPS markets and looking to expand and grow.
For those of you who got into our PRMK play you know what to expect here. This will run in a very very similar fashion, if not much higher. PRMK was owned by the same people who did the R/M on that. We know for a fact this will be a R/M play, and we know an 8-K will be dropping any time announcing it.
What we don't know yet is what company will be coming into LBGE. The one that came into PRMK was a very good company worth a good amount of money. But this company that will be merging into LBGE might be worth alot lot more, so that will greatly increase the pps here if that is the case!
The company has already confrimed an 8-k announcing some type of deal with ZTSN will be forthcoming. The strong rumors are suggesting it will not be about a "letter of interest" but rather, a letter of intent for ZTSN to buy ECDC out right for a price much higher than the current pps!
It would be nice if you had 1/2 a brain and could at least come up with lies that actually had some bases in reality. His pick is a .0009 pick, sorry but your .80 pick is a bit to high LOL. Sad people trying to cash in on other peoples rep....
Find the link and make a public post and I will sticky it.
Behind me, I am buying more tomorrow! I wanna try to get at least 300k before this goes over .02.
Going to do that in the next day or so, completely forgot about the I-Box.
I do believe the 8-k will drop tomorrow, thrusday at the latest...
Oh this is diffinitly a reverse merger play. Same guy who owned PRMK and reversed mergered that a month ago owns LBGE. I am expecting news of some time late this week or early next. This should make people alot of money!
Nice if they got it in before 5 or 5:30 it will still come out today, if not then pre-market tomorrow!
Thats the holy grail in R/Ms. We are still trying to figure that out, it should be a good company but we just dont know yet.
Sorry kids no front loading goes on here, we don't run "pump and dumps". Our track record speaks for it self. Most of our plays run for days, if not weeks. Why you ask, because they are REAL PLAYS aka REAL companies with REAL news that comes out.
LBGE R/M SMOKING GUN FOUND!
Our DD team has just located the "smoking gun" for this reverse merger play! A little over a month ago Scar and the gang here at QuickMoney Stock Legends told you about a major R/M play called "PRMK". We alerted it at .015 due to a slow but steady rise in the pps out of no where in the week before. Since it was a clean shell we knew this was a clear sign of a reverse merger!
2 days after we alerted the masses the 8-k dropped confriming the reverse merger! PRMK went from .015 to .055 on the news.
Well fast forward to now and LBGE. Scar and the team noticed the SAME EXACT trading pattern with LBGE, slow and steady buying of the stock and rise in pps over the last 2 weeks. Again, LBGE is a clean shell with a great share structure just like PRMK. So we just put out a R/M alert on LBGE today.
Well the QuickMoney DD team has found the smoking gun here. Here is a post ( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35743785 )from the PRMK message boards from Feb 2009. You will see it's about a guy named "Joel Stohlman" and it has his phone number listed as well. Mr. Stohlman was the owner and CEO of PRMK and sold it to the company that did the R/M into it a little over a month ago!
So what does that have to do with LBGE? If you go over to www.otcmarkets.com and click on the most recent 10-NT filing( http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7631333 ), you will see that the same EXACT guy with the same EXACT phone number is the president of LBGE!
Yes thats right, Mr. Joel Stohlman owned both PRMK and LBGE, both were shells, and just a month ago he did a R/M deal for PRMK.....
LBGE is going to be his next reverse merger!
Guys load up all you can, when this news hits later this week or next, this stock will expload just like PRMK did!
LBGE R/M SMOKING GUN FOUND! MAJOR DD UPDATE
Our DD team has just located the "smoking gun" for this reverse merger play! A little over a month ago Scar and the gang here at QuickMoney Stock Legends told you about a major R/M play called "PRMK". We alerted it at .015 due to a slow but steady rise in the pps out of no where in the week before. Since it was a clean shell we knew this was a clear sign of a reverse merger!
2 days after we alerted the masses the 8-k dropped confriming the reverse merger! PRMK went from .015 to .055 on the news.
Well fast forward to now and LBGE. Scar and the team noticed the SAME EXACT trading pattern with LBGE, slow and steady buying of the stock and rise in pps over the last 2 weeks. Again, LBGE is a clean shell with a great share structure just like PRMK. So we just put out a R/M alert on LBGE today.
Well the QuickMoney DD team has found the smoking gun here. Here is a post ( http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35743785 )from the PRMK message boards from Feb 2009. You will see it's about a guy named "Joel Stohlman" and it has his phone number listed as well. Mr. Stohlman was the owner and CEO of PRMK and sold it to the company that did the R/M into it a little over a month ago!
So what does that have to do with LBGE? If you go over to www.otcmarkets.com and click on the most recent 10-NT filing( http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7631333 ), you will see that the same EXACT guy with the same EXACT phone number is the president of LBGE!
Yes thats right, Mr. Joel Stohlman owned both PRMK and LBGE, both were shells, and just a month ago he did a R/M deal for PRMK.....
LBGE is going to be his next reverse merger!
Guys load up all you can, when this news hits later this week or next, this stock will expload just like PRMK did!
Erock