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2 words DOMESTIC OIL...
one symbol NVMG
Golden Cross coming Friday!!!
LOL...NVMG makes trading fun!
300 posts! What did I miss? LOL
MMs increasing their short position 2 days before the golden cross?
OOOOOOOOOOO this is going to be good. 1step
This is a beautiful chart!
CMF turned up and golden cross by Friday!
Best chart on IHUB IMO
Lowmans Post from November 06:
I thought with 260 boardmarks some could use a refresher, and I thought this post was great.
Posted by: lowman
In reply to: wildworks who wrote msg# 711
Date:10/31/2006 3:04:31 PM
Post #of 6268
Don't feel bad. They gave me a whole whopping 834 shares as part of my order today. Fortunately, they filled it afterwards. took awhile though. Yes, it's heavily shorted, and the covering is taking place quietly right now.
Any good news and NVMG will be outta subbie land in no time.
Spoke with Raj yesterday. Can't elaborate on what all he said, but suffice it to say, I'm loading the boat at these levels.
Drop in pps is NOT from dilution!
Posted by: lowman
In reply to: lowman who wrote msg# 719
Date:11/1/2006 5:25:13 PM
Post #of 6268
Highlighted are some of the things I think investors need to ponder closer, before selling below .012, as I said before, what I believe is FMV for what they have going.
FOREST HILLS, N.Y., Nov 01, 2006 (BUSINESS WIRE) -- Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), a publicly traded, independent energy company that began its initial oil production in Northeast Montana, in August 2006 is pleased to report that GTS-China Drilling Services, a division of General Turbine Systems of Texas, Inc., has expressed a willingness to work with NAEG, to meet at their manufacturing facilities in China and in Texas, and to find a way, together, to develop the acreage Native American Energy has acquired in the Williston Basin in Northeastern Montana. GTS-China provides drilling rigs and drilling services to the industry on a worldwide basis.
NAEG is pleased to have received and has accepted a formal invitation from Mr. Alexander Chaudhry, the Executive Director of GTS-China, and the Board of Directors has approved an immediate trip to Beijing by CEO, Joseph D'Arrigo and CFO, Raj Nanvaan the week of Oct. 29, 2006 to meet with him. The primary purpose of the meeting is to define and establish the basis for a possible Joint Venture or Partnership to develop NAEG's oil & gas properties in the prolific Williston Basin, and to examine the potential of geothermal drilling on certain targeted, tribal lands.
Raj Nanvaan of Native American Energy has also had lengthy, preliminary discussions with the founder and President of GTS Drilling and GTS-China, Mr. Sajjad Chaudhry, who is headquartered in Houston, Texas. It seems that smaller exploration & development companies don't want to stand still for very long, and at the same time GTS-China wants to extend its reach. Due to recent oil field equipment shortages in the U.S., oil drillers have in some cases found it possible to avoid delays and speed up production by acquiring machinery furnished by Chinese manufacturers. The following BusinessWeek article (August 21, 2006, by Sonia Ryst) in the link below entitled, "In Oil Rigs, It's China to the Rescue," that mentions GTS Drilling and their pioneering role in introducing Chinese oil field equipment to the U.S., describes the increasingly important role that Chinese rig manufacturers play in the production of oil & gas drilling equipment:
http://www.businessweek.com/investor/content/aug2006/pi20060818_ 061290.htm?campaign_id=rss_null (Due to its length, this URL may need to be copied/pasted intoy our Internet browser's address field. Remove the extra space if one exists.)
Joseph D'Arrigo, Chief Executive Officer of Native American Energy Group, stated, "The Company now has approximately 5 million barrels of oil in reserves, a substantial number of shut-in wells, already, and Bakken exposure.
We are also currently pursuing a sizable oil field acquisition that will really put NAEG on the map if we succeed with that bid. At this particular time, I just can't help but be impressed with the turn-key solution and track record GTS has to offer because it represents an opportunity to really accelerate our growth. GTS-China now has over 40 rigs from China in the U.S. that are working excellently. NAEG's own Tony Johnson, our Senior Geologist & Petroleum Engineer, has informed me that for many of our shut-in oil wells to gain significant flow it is just a matter of opening a new zone, and for the Bakken wells we can take two of them and do some horizontal, directional drilling to test them. Because we know the Bakken is there, we can expect typical flow-rates of 400 to 3,000 BOPD or greater. So are we interested in a company that furnishes both rigs and operators? Yes! GTS offers directional drilling experts, completion experts, and complete well construction, and not just drilling a well."
General Turbine Systems of Texas, and General Turbine Systems, Inc. are USA corporations (founded in 1979) and are owned and operated by Pakistani-American, Houston, Texas based Chaudhry family. GTS-China Drilling Services has the capacity to drill all types of wells; oil, natural gas and geo-thermal to a maximum depth of 25,000 ft. GTS Drilling specializes in high altitude directional drilling, and has down-hole experts and tools to satisfy any and all directional needs for the operator. GTS has provided worldwide services in Brazil, Mexico and Ecuador, and its U.S. operations are in the rocky mountain region. In the Middle East GTS works in Pakistan, Saudi Arabia and UAE-Dubai; Europe (in Italy, companies Fiat Avio for 15 years, and Belleli for 8 years); and in Asia: China. In a historic joint venture, HongHua Ltd. and GTS Drilling joined together to bring the first Chinese manufactured rig to the United States in 2005. GTS has a pool of over 200 petroleum engineers that can tackle any job in the oil & gas field, drilling experts and site geologists, and are experts in acreage development, drilling and completion, and workovers. GTS' team of petroleum engineers come from countries such as Venezuela, China and the United States.
Posted by: lowman
In reply to: wildworks who wrote msg# 711
Date:10/31/2006 3:04:31 PM
Post #of 6268
Don't feel bad. They gave me a whole whopping 834 shares as part of my order today. Fortunately, they filled it afterwards. took awhile though. Yes, it's heavily shorted, and the covering is taking place quietly right now.
Any good news and NVMG will be outta subbie land in no time.
Spoke with Raj yesterday. Can't elaborate on what all he said, but suffice it to say, I'm loading the boat at these levels.
Drop in pps is NOT from dilution!
Wouldnt it be great
to really stick it the shorts:
Im sure Raj wants it, and I wouldnt be surprised if he held on to the 5 million for the past week to allow the momentum to continue, and then announce receipt of the 5 million & arrival of workover rigs...For the ol' one two
We have a history:
http://www.equitygroups.com/pinksheets/nvmg/messages/75097.html
.44 cents CMF turning
News tommorrow would be perfect! (em)
AHHH I missed that dip by seconds! Looks like Im chasin...
The short squeeze is upon us.
Up and Down volume yesterday
http://www.profitspi.com/stock-quote/nvmg.aspx
Venezuela to seize foreign oil projects
By NATALIE OBIKO PEARSON, AP Business Writer
1 hour, 53 minutes ago
CARACAS, Venezuela - President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.
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Chavez had previously announced the government's intention to take a majority stake by May 1 in four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips Co., Total SA and Statoil ASA.
He said Monday that has decreed a law to proceed with the nationalizations that will see state oil company Petroleos de Venezuela SA, or PDVSA, taking at least a 60 percent stake in the projects.
"The privatization of oil in Venezuela has come to an end," he said on his weekday radio show, "Hello, President." "This marks the true nationalization of oil in Venezuela."
By May 1, "we will occupy these fields" and have the national flag flying on them, he said.
The law is expected to be published shortly in the government's official gazette, and the companies will have four months from then to negotiate terms and conditions with PDVSA to decide whether they will take part in new joint ventures as minority partners, Chavez said.
Chavez did not detail how the government will pay for its increased share in the projects in which the companies are estimated to have invested some $17 billion.
The government has compensated companies reasonably in recent weeks for nationalizations it has carried out in other sectors, but those agreements were for assets valued far less than the oil projects.
The Orinoco projects are the only oil-producing operations in the country remaining under private control, which Chavez called "disgraceful."
But he added that Venezuela doesn't "want the companies to go ... We just want them to be (minority) partners."
Private companies pumping oil elsewhere in Venezuela submitted to state-controlled joint ventures last year, and few resisted because they were reluctant to abandon Venezuela, which has the largest oil deposits outside of the Middle East.
Chavez has been given special powers by congress for 18 months to issue laws by decree in energy and other areas, which he has used to nationalize the country's biggest telecommunications company and electricity company in recent days.
Chavez has justified the nationalizations as necessary to give the government control of sectors "strategic" to Venezuela's interests.
Hmmmmmmmmmm....
like after hour trades?
Very possible, the lender saw production numbers
My calculators ready!
(Im just hoping its not beauty supply,
anything but beauty supply!) LOL
Sorry for sounding redundant,
I know you've read the PR's also,
I just wanted to slide that in for the newbies.
Yes the delay is disconcerting, especially having a 3million dollar financing deal fall through in the past, but it is my understanding that the lendee is also supplying the work-over rigs, and there may be a more invested interest in this relationship than just the loan. Also I would imagine the company may choose to buy some time from now until April ( 30 days away) because the cold weather has probably slowed things down in Montana, and with the volume and attention this company has been getting, it would serve us well to move slow and steady from now until we get going. Just My Opinion, 1step
exactly jcrom56,
double edge sword,
you want shareholders to know your value,
and landowners to not. LoL
Im with you DSD,
The company said they'll release the information in April according to Lowman.
We are currently investing in the potentials of this company.
According to their PRs:
They are currently the largest leaseholder of potential Bakken production on the Fort Peck Reservation.
They've estimated 2 million barrels of recoverable oil on just 5 of their more significant aquisitions.
Plus another 1500 acres Pr'd after that projection.
2 work-over rigs coming end of February, 1 rig can rework a well in 5 to 7 days. Less than 5% of the wells are dry on the Bakken. Neighboring leases selling for 6k an acre, and our current market cap is about 15 million.
Yes Oil is flowing, they reworked one well gaining 1200% and the other 1500%, they havent given numbers yet, most likely to not draw attention until all the desired leases are obtained.
http://www.nativeamericanenergy.com/pressreleases/shellwellacquisition.pdf
No need for dilution, 5 million secures 2 workover rigs, to rework 200+ wells. April news will be released with BPD (Barrel per day) info on our 2 reworked wells.
Massive insider position held 73%, thats what your missing.
That was my feeling too, Shakerzzz & crew flipped this afternoon, fly by nighters, hopefully they held onto freebies for their sake.
Is there someone I could call to get a definitive answer on the AH trades? This looks like a buy to me????
0.017 7000000 OTO 16:15:57
I know Rocketstocks states that its MMs settling for the day, but?
Im sooo glad they did that,
We're going to .05,
they tested and got nothing...
They didnt get the selling they needed on the drop,
we're going to the next level. IMO may see the squeeze EOD
Last head fake for MMs....I knew theyd try it.
Holdem if you got em end of day bounce.
Bets on EOD? I'll take .02
Not to bring up the filling the gap theory again, but you've been right every time Brikk...but whose counting
250 boardmarks... A new round of DD is in order:)
Well Sparta,
they are very different companies, and hard to gage the upside potential in each. Both are great, but I believe NVMG may gain more percentage wise in the shorter term. But honestly its a win/win situation if you have the patients to hold Long. Best of luck 1step
The next google??? AKMN
Hey Low, any chance of DR popping by in Oscala?
Im 1stepahead LOL
AKMN New Board...great potential
Google for blackberry
AKMN New board...nice potential
Google for Blackberries
AKMN New board! show some love!
yes I agree,
but most likely reinvested from which it came...Hemi
There are a few DSD...been here since then myself, and remember 2 or 3 heavy hitters, who are holding Long. This is a 10 bagger fot those in at .002, and 10% would cover principal.
Next news release will be the 5 million in hand shortly followed by how we're turning that money into assets! We are extremely undervalued at these levels IMO 1step
LOL another hopeful looking for cheapies.