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Centurion Technology looking to be a nice $ Mmaker! 67% profit margin!
Alright Up High! Nice reaction to the great news. Lets' keep it going. Go PDGO
At least its green over here! Go PDGO!
I'm a 7 figure holder too, and I'll wait it out as well, but unfortunately I didn't buy all of mine recently. So my avg PPS is up there. I guess people that bought in the .002s are cutting their losses.
Hope the light at the end of the tunnel isnt a train.
If the O/S is still at 200M then that IS good news.
But it doesn't really add up for me. On 3/26 there was 186MM and now its only up 14MM, when over 40MM traded? Who would be selling at this level THAT MUCH? Does that make sense to anyone?
I have to agree that the filing and release of financials although important, isn't going to help the cause here.
I really don't understand the strategy here. Is this realy heading toward a RS?
Maybe the MMs have finally stopped. There's been over 500k on the ask for a few hours now and they are not getting filled. Perhaps this will start to creep up.
Last Conferrence Call:
Here is the number to December's conference call if anyone is interested:
Playback Number: 1(559) 670-1099
Access Code: 321599#
I listened to part of it, and it clearly states that as of Jan 1 Lighthouse would be a licesnsed Oil Operator in the state of Texas because they were merging with HCE and its assets would be merged into LHPT. And Maye would have operational control.
Don't know why the TRRC reports do not have LHPT on them instead of HCE
Wasn't Maye announced as the President in January? i dont have time to look it up.
With the announcement of Danos, I was confirming , in my mind, the rumor that Maye was out. But I didn't have factual evidence. It still makes sense to me that operationally they are currenty inept.
Todd and Gerard should have a conferrence call ASAP to clear this stuff up.
Well said. IMO the problem has been Operations Management. Anthony Maye (HCE) was supposed to be the answer but now he is out. That turnover, I think, killed 5 months. Hopefully Danos is the savior we need operationally and can quickly get things moving.
Only time will tell.
Let who sell? These aren't sales. Who the hell would sell at this level? This is dillution.
When I checked a couple of weeks ago they had increased O/S shares by 100% in 6 months. That's why the financials are important...to show what they are doing with the money. Unfortunately I suspect its going to administration cost.
This is a new CEO. That R/S was with the old CEO Kennedy. I've been around for years. I'm not aware of Todd ever being involved in R/S.
Todd has done a lot with the transparency and direction of this company as well as PDGO. But I'm not going to BS the board either, because bottom line there has been little or no production of oil in the last 18 months.
But things take time. LHPT has leases that have the potential to bring big revenue. Let's see what the new president can do.
As for the dilution, kinda speechless right now. The financial due out should answer some questions.
Volume flowing but they need to turn off the spicket and let the demand build. Setting up to have a massive wall at .004-.006 where these buysers will unload.
I know the game, but certain steps are company directed. PRs, mergers, splits, reverse splits, promos, etc are company aproved. This dillution strategy doesn't make sense.
And BTW I'm not in a panic, I'm expecting good things, just getting impatient.
Actually the increase in PPS occured after he left.
Cheapies? WTF? I don't understand why a MM would intentially drive the price down for a couple thousand dollars. This is not post pump. This is a run it into the ground strategy. There is really only one reason, but I can't even bring myself to type it.
More info. on Mr. Danos. I found this on Forbes.com:
Mr. Danos, a private investor for more than eight years, is the Chief Executive Officer and President of Green Energy Live, Inc. From May 2010 until January 2011, Mr. Danos served as the Chief Operating Officer and as a member of the board of directors for Treaty Energy Corporation, a publicly traded oil and gas exploration company which was founded in 2008 and operates in the United States and Central America. Until his appointment as Treaty Energy’s Chief Operating Officer in 2010, Mr. Danos worked in an advisory capacity to Treaty Energy from 2008 until 2010. Prior to Treaty Energy, from 2005 until 2008, Mr. Danos was the owner/principal at St. Catherine’s Hospice, LLC, a Louisiana limited liability company, where he helped guide the company from a startup to one of the region’s leading hospice providers. Mr. Danos also served as Vice President and Director for Medico, LLC, a Louisiana limited liability company from 2006 and 2007, a subsidiary of Magnolia Management Corporation, a privately held company, which operates 65+ long-term care facilities throughout Louisiana and Mississippi. Mr. Danos received his Bachelors Degree from Louisiana State University, Baton Rouge, LA. On January 7, 2011, the board of directors appointed Gerard Danos as the Company’s Chief Executive Officer and President.On February 2, 2011, Gerard Danos resigned from his position as Chief Executive Officer and President of Green Energy Live, Inc.
Thanks. I read that in the PR, but I was looking for the dates he was with TECO.
Any info. on when Mr. Damos was with Treaty Oil? Their PPS isn't so hot lately but I haven't doen any research why.
Any additional evidence you can provide on his track record would be appreciated.
Go LHPT!
LHPT!! Exciting News. Finally. Accumulate if you haven't already!
More like Salvation Army levels.
13MM on the ask at .0007 not helping the cause here. Let it creep up people.
Agreed, this is gonna run watch!
Should be up 100%+ by end of day!
Exactly, step-up your sells people, You will make more money!
What is the latest speculation on the future of this company?
Thanks 1man, I figured it was a P&D but it had been trading at .04-.06 steadily with low volume for a while.
Any reason why everyone wanted out?
Certainly would appreciate any clarification you can provide, Todd.
Without information from you\LHPT, shareholders are left to speculate on limited information, opinions, conjecture, and periodic people who say they are onsite. Although I'm sure your busy, a little info. every once in a while would help to minimize the garbage.
Thanks
Specialized, maybe when you get a chance you can add a link to the SONRIS website
http://sonris.com/
Or links to the actual wells in post 42419.
Thanks
Hey Rich, you got anything for LHPT?
You could be right but I just don't see the volume at high enough levels to make it worth it. Guys like that will usually hire PR firms to make it worth the effort. Its very obvious that these guys have not done that. But we will wait and see.
Then what is their agenda? I understand your point. But wouldn't there be Pump and Dump promoting? There hasn't been. And the companies have been more transparant than pre-Todd days. Although we are certainly starving for news here.
I think the problem is no real capital. So although the plans sound good, there is not enough cash to make it happen. Dillution at these prices is not sufficient.
But from where I sit, LHPT and PDGO appear to be in very different places.
In the January 17 PR it states
"The Project plan calls for the operator to begin installing a Rod Pump and ICI Hydraulic Golden 120-inch stroke lift on the Lucy Lee and the Mina Travis No. 1. Both wells will be set at 7,000 feet. Lighthouse is expecting, based upon weather, to have a Rig on location and working on Monday (1/21/13). Once the rig is on site, it should take anywhere from 10 to 14 days to complete the installation.
Ninety days after production begins, Lighthouse will hire an engineering firm to complete a reserve analysis on the potential, future recoverable production from the field."
So you're saying nothing has been done?
As for Maye, there was talk on the board that Maye was involved in a lawsuit in December. Bruce spoke with Todd, who said Anothy Maye is no longer affiliated with LHPT. That would explain the hold up.
Disappointing if true.
The production we speak of would be in the last 90 days, which I don't think is reflected in that report, but I do appreciate you posting it so we can do as much research on own as possible while the silence continues.
I think the silence comes from the issues with Maye, the fact that they are waiting the 90 days to do the official analysis, and the developments with PDGO.
I think we will get good news soon. IMO
We're coming up on those 90 days. Hopefully their next PR will discuss the selection of the engineer and the results from those 90 days. Could be very exciting!
What happend to this board?
I thought your original post said 2 BBL/month, so I was trying to clarify. Now I see it was per day, my bad.
But I still don't see any recent reports even looking it up by the lease #. Can you post a link where you are searching from, so I can try it?
Thanks
Large purchases today. Its starting to brew!
The Texas RRC shows it a little differently:
Date Production Disposition
Apr-12 8 0
May-12 72 0
Jun-12 84 116
Jul-12 86 116
Aug-12 103 96
Sep-12 74 0
Oct-12 47 158
Nov-12 94 0
Dec-12 NO RPT NO RPT
Jan-13 NO RPT NO RPT
Feb-13 NO RPT NO RPT
Mar-13 NO RPT NO RPT
All of the disposition has been by truck. So for that lease # 17805
For the 8 months ending November that well had production of 71 BBL/month and disposition of 61 BBL/month
read the PRs above. This is a real company with real oil production potential not some pump and dump. There are significant people in play here.
Is it a slow mover? Sometimes. But Ive already made money here and still have more stock.
Accumulate while they dillute at these levels. No brainer!
Yes. And I think those wells in Louisianna is where their focus is. Not so much in Texas. When they brough HCE on board they were excited to have more operational management on the ground. With Maye gone, not sure if they have enough people to have a presence in Texas.
I'm excited to hear what's going on in LA! Long time coming!