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DSAHDE - GREAT JOB GETTING THIS DATA ON THE BOARD.
Pretty good neighborhood. So many drillers to partner up with.
Looks like waninga nailed it. MMs blew it up to blow it down,, so know process - they want your shares cheap and for you to then chase. Hitch a ride - buy dips.
Bitte!
Shell has a habit of buying into an area, and then expanding. Check out wat they have done in Canada. I would hold.
Well said - best post in a while!
Already happening.
Picked up a few more at .03 on Friday,, we'll see if that was a good idea.
We had a great board just a few weeks ago. Balance, etc.
Now it sunk to being a pissing match between those who have been burned by the compnay years ago on an R/S, and those calling for .25 on something that seems to be hanging in around .04, no reasoning attached.
Yesterday there were something like 100 posts going back and forth like a chat room on what people bought thier wife's or girlfiends.
Let's hope this week we get enough data on assets that the conversation can turn back to valuation, and what the company is doing.
Hope it is someone like XTO.
New drillers looking to partner up in area too. SHell just made big aquisition late last week.
Only 7 days of oil has reached shore. Even is leak stopped today. Another 40 day of oil still on it's way to shore. This is an unbelievable disaster for the gulf people, the region, etc.
Unless this week's fix works, we have 2 more months of leak on the way. Nothing new has been approved yet and added to the list, so Gov scientists being very careful. I hope for approval sometime this week.
With the gulf issue - I would rethink selling any producing wells on land in LA. as thier value will only be going up and hte price you can get for selling with it.
News - more shares retired
News on partnerships due latter this week.
Press Release Source: OMDA Oil and Gas, Inc. On Tuesday June 1, 2010, 6:00 am EDT
HOUSTON, TX--(Marketwire - 06/01/10) - OMDA Oil and Gas, Inc. (Pinksheets:OOAG - News) announces the retirement of 12 million common shares of its stock, representing nearly 5% of the entire company's outstanding shares. The retired shares were originally issued to a third party in the latter part of 2008 as part of an agreement to arrange financing for OMDA. Since those financing efforts were never completed, OMDA and the third party funding agent have mutually agreed to void the transaction and return 12 million shares.
OMDA has chosen to retire those shares and reduce the company's outstanding share count. Upon completion of this transaction OMDA's new outstanding share count will be 230,631,100. While this share retirement increases the difference between the new outstanding share count and the recently reduced 250 million authorized shares, OMDA is still unable to issue new shares by virtue of the cancellation of last week's preferred shares formerly held by management. Any new share issuance would require a proxy vote by a majority of OMDA shareholders. The company is currently reviewing other ways to make further retirements of stock.
"Since getting our long legal battle behind us, one of our top priorities has been to put our shareholders in a stronger position to benefit from OMDA's progress," stated OMDA Oil and Gas President Adam Barnett. "As I have said before, our shareholders have stuck by us for years as we were forced to make some very tough and unpopular decisions that were necessary in order to keep the company going during the lawsuit. This most recent retirement of shares is part of that continuous effort to radically transform the company's share structure and restore shareholder confidence. I will continue to assess other similar opportunities as they present themselves."
Mr. Barnett also said, "Over the past several weeks our board of directors has been very busy evaluating various developments and some prospective initiatives. Further updates on some of these projects are imminent. I hope to provide more information later this week."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect
The GET response (view at web site) hatchet job by environmental scare group against all nano is not going to cut it with the Government, with what it has in formnt of it.
The first oil that leaked 40 days ago just reached shore this last week. That means 40 days of leak still on the way to the coast. This is an unbelievable horror for the gulf people, the region, etc.
Unless this week's fix works, we have 2 more months of leak on the way. I hope GET is worthy of approval and gets used ASAP.
If he would report production numbers and make change like OOAG did taking R/S off table and putting approval in hands of share holder proxy,,,, then he may get a rise like OOAG did going from .003 to .03 (1000%)( was at .05 before pullback).
As it stands everyone who even knows about this tiny coal play assumes R/S is coming and no buying gonna take place.
Nano-Dispersant Safe and Best To Use on BP Gulf Oil Spill
http://beforeitsnews.com/news/51/410/Nano-Dispersant_Safe_and_Best_To_Use_on_BP_Gulf_Oil_Spill_Says_Green_Earth_Technologies_CEO.html
Contributed by Alton Parrish (Editor)
Friday, May 28, 2010 2:56
More stories from this contributorThis story has been viewed 238 times
(238 times in the past 24 hours, 11 times in the past hour)
In a letter to shareholders responding to warnings concerning the use of nanotechnology in the Gulf of Mexico oil spill, Green Earth Technologies Chairman & CEO Jeff Marshall writes, “It has come to our attention that a group of scientists have written a letter to the EPA discouraging the use of Green Earth Technologies' G-Marine Fuel Spill Clean-Up as a dispersant in the Gulf of Mexico. The letter claims that a nano-dispersant will be harmful to the environment, a false claim that I would like to address with all of you."
As a means to educate the public and clear up misconceptions, please see below quotes directly taken from the letter and Green Earth Technologies’ response. The company is dedicated to sustainable practices and the production of environmentally friendly products and we stand behind our motto "Save the Earth, Sacrifice Nothing."
Quote from Letter to EPA opposing use of Nano Materials --- “We are not aware at this time of the exact nanoscale particles used in this ‘nano emulsion technology’ because this information is considered a trade secret by the company.”
FACT: The MSDS states the Exact Ingredients and the percentages there of. Every one of the ingredients has passed EPA’s Criteria as a clean ingredient and appears on the list.
Quote from Letter to EPA opposing use of Nano Materials --- “Yet, we do know that most chemicals manufactured at the nanoscale hold unique and potentially toxic properties. While some new properties from the nanoscale may seem desirable, materials at this scale can also pose new toxicological risks.”
FACT: The product has undergone stringent Toxicology tests and is Classified as non toxic. Quote from Letter to EPA opposing use of Nano Materials --- “Nanoparticles have a very large surface area which typically results in greater chemical reactivity, biological activity and catalytic behavior compared to larger particles of the same chemical composition.”
FACT: The greater surface area is exactly why the Nanoscale products work so well and Biodegrade so quickly, leaving NO TOXIC RESIDUE. Our technology is predicated upon a colloidal chemistry that is formulated using bio-based ingredients in a proprietary process.
The chemical reaction alters the particular qualities of each chemical ingredient, resulting in the formation of a new particle, termed a colloidal micelle. This micelle is on the order of 2-4 nm in size and has a uniform size distribution.
The colloidal chemistry is based more on hydrophobicity than charged interactions. Thus they make use of the attraction of hydrophobic poles to form micelles. The hydrophilic poles form a tough outer surface. It is also important to point out that the company does manufacture any nanoparticles - the particle size is a naturally occurring result of our chemical combinations, which is why there is a range in the sizes 1-4nm. If we manufacture the particles, they would be uniform in size.
Explanation of how it works.
G-MARINE OSC-1809 Oil & Fuel Spill Clean-UP! is the result or transformation achieved from a blending of a number of biobased chemicals, which must be mixed in a certain manner, order and temperature. The result is a colloidal liquid, which under electronic microscopy reveals that, in the process of blending, the molecular constituents of the soap apparently emerge as particles measuring some 2-4 nanometers in size. It is extremely potent against hydrocarbons; using nanoparticles in soap make it work better while producing less environmentally harmful byproducts.
The action of a single micelle is multiplied by billions of other nano-scale micelles. The molecular emulsification process penetrates highly viscous and sticky materials, lifting them from the surface to which they are adhered. Since we are presently emphasizing its potential for use in cleaning up spilled oil in the Gulf of Mexico, the following should help you explain its mode of action:
When a micelle comes in contact with a hydrocarbon molecule, the center of the micelle bonds to a similar hydrophobic hydrocarbon. This disrupts the attraction to the other hydrocarbon molecules and/or to the surface. The hydrocarbon cannot recombine with like particles and is consumed by resident bacteria.
Does G-MARINE OSC-1809 Oil & Fuel Spill Clean-UP! have any adverse affects on humans / animals or the environment? None whatsoever. G-MARINE OSC-1809 Oil & Fuel Spill Clean-UP! has shown absolutely no adverse effect on humans or animals.
All of its marine products are manufactured from ingredient listed on the epa clean ingredients (1) list. it has a zero OSHA hazard rating and in Lab Tests (2) it has been shown to have no adverse affects whatsoever to nose (inhalation), mouth (ingestion), ears, skin, or eyes. Even if the person is subjected to a concentrated overdose, there has been no noticeable adverse affect. The Micelles because of the extremely small size do not persist in the environment and bio-degrade into harmless elements in 10 days as per EPA guideline in the clean ingredients list.
Marshall hopes this clarification will put to rest any concerns about the use of Green Earth Technologies’ G-Marine® product in helping to be a part of the solution to this most devastating and tragic event.
new Article: Nano-Dispersant Safe and Best To Use on BP Gulf Oil Spill
http://beforeitsnews.com/news/51/410/Nano-Dispersant_Safe_and_Best_To_Use_on_BP_Gulf_Oil_Spill_Says_Green_Earth_Technologies_CEO.html
28% SHORT SHARES
http://regsho.finra.org/FORFshvol20100528.txt
Check out 27th and it was 70%+
SOIGF|37,500 out of total volume 56,025
OOAG Summary -
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
Today was bid wackers attacking on slow volume day - still glad I got busy with other things and did not add at .35. New test wells
on additional accerage should come out i think before end of August. This company is not a PR machine,,, really wanto firmly document asset, and working with U of Alberta and Gov on extraction methoed. THen I think they sell.
Good new starting:
Shell buys US company East Resources for $4.7 bln
Shale play. Obama was very stright forward with the nation on Wednesday. The easy oil has been found. With energy demands around the world growing the oil we get in the years to come is going to be harder to find, harder to get out and carry more risk (like deep water drilling).
Everybody going to be trying to buy up whatever they can. Look for more Chinese activity in Canada.
Today was bid wackers attacking on slow volume day - still glad I got busy with other things and did not add at .35. New test wells
on additional accerage should come out i think before end of August. This company is not a PR machine,,, really wanto firmly document asset, and working with U of Alberta and Gov on extraction methoed. THen I think they sell.
Good new starting:
Shell buys US company East Resources for $4.7 bln
Shale play. Obama was very stright forward with the nation on Wednesday. The easy oil has been found. With energy demands around the world growing the oil we get in the years to come is going to be harder to find, harder to get out and carry more risk (like deep water drilling).
Everybody going to be trying to buy up whatever they can. Look for more Chinese activity in Canada.
Dude,, you invested in a chain of Accupunture and Massage salons in a pink sheet stock? Your warnings are good onthat other board,,,
,,,, but do you know how easy it is to open a accupunture and massage salon?
Just looked - 6 million volume. More than I would have thought.
Need to go soon, wife coming home early. Time to watch other things. Hope they solve some of the gulf issues over the weekend.
20 mintues to go,, well see - could go either way,,, or flat.
I think most people are gone already for the weekend. But I think MMs and shorts covered some today.
Market just turned big time. Nobody want to be holding for the weekend.
You stop things?
Plan on 1.5 cents a week average through June. That puts you at,,,,,,,,,,,
Good post Don. I too was around lost some on the R/S, but more than made that up now. A god bit of luck on my part because I was hardly even looking in unitl just a month ago or so.
Wouldn't it be wild if fat turned out to be AEB (movie script idea). Siting here all these yers waiting for court case to settle and then talk everyone out of thier shares on the cheap by saying terrible things about himself. Reading every line and every word in every PR with the most sinister and manipulative angle. the more it goes up, the more he posts,,, doubles his posts on pull back days,,,, all the time at the comuter saying terrible things about himself,,,,bouncing htem off his wife in the other room while sipping a scotch.
A Fantasy thought but fun,,, might actually make a good movie, about the SEC investigator who figures it out etc.
<<I don't think talking about AEB represents a personal attack unless he is one of the mods here, in which case he should identify himself>>
I've missed you Windbag. Have not come back in awhile.
Check out the legal reps for SNRS: Same as ewrc.
Legal Counsel
Applbaum & Zouvas, LLP
2368 Second Avenue
San Diego, CA 92101
When these guys to get dis-barred?
Nice post seaghost.
I hope now that he has assets AEB can resist falling back on old tricks. I checked outhte accounting firm and they seem to be very straight shooters. Even put in a report that they did not think one company would be able to make it as a going concern (stay in business). They company continues, issueing PRs and listed on pinksheets. I could not find any connection to anything that would raise eyebrows.
Not like Applbaum & Zouvas, LLP - San Diego, CA 92101
IMO - stay away from any company conneected with them.
Seem to always be connected withe operators who do 12,000 to 1 or I think there was a 50 or 60,000 to 1 R/S. unbabeeebable!
Check out the car - www.americanlemans.com
I kinda expect another day of this, low volume, some who don't want to be holding over the weekend, when it gets low enough some bottom feeders. Couple of peaks up and down with not too much range. Then somebody paints the tape.
<<i expect a big bounce tomorrow. after this drop and the low o/s. this will draw alot of attention to longterm investors!>>
OOAG Summary -
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
I could be wrong, fat knows best,, but I think with no news we are in for another day of this heading into the weekend. Maybe down to .022 range. It should be a low volume day overall with the holiday weekend.
Then build up next week heading into PR on who partnering up with in area. Your thoughts?
1 million barrels at $70 a barrel. Cut in half for effort - processing etc. 1 million times $35 = $35 million, but what we don't know, is the time period. Is it $2 million a year for next 15 years? Next PR's should clear that up.
Message to Gold56+ MORE - You get 15 free posts.
Other remaks: They were just awarded the assets. Going to take some time for them to document everything going on, create new relationships. What are you expecting? How long does it actually take to buy a house - escrow etc. Everyone associated who was dealing with Lanza now has to develop a relationship with Barnett on paper, in systems, and personal. All vendors - drillers day staffing - trucks, etc. Numbers have to be compiled, be complete and accurate before delivered to public. (fat comment expected)
I don't expect the news in 7 to 10 days to be full either.
They need to not only find out what they have and document it, but also explore other possibilities of what they have, the expense to develop, find partners to develop etc.
For those not familiar with Energy - there are always partners.
Spreads out the risk, and wealth and there are many areas of expertise - that is why you have companies like XTO or MRO working with BHI - baker hughes - land rigs -drill bits and WFT make parts etc.
Labor is often contracted in not employees, except in coal. Etc. Oil is big business with many parts. I am not an expert, but when I heard in 2000 that oil was going to be big,, I went out and found out who were they oil companies going to spend their money with. That is who I bought. The RIGs, MDRs, drill bit makers - mud solutions, down to the helicopter companies that fly crews back and forth to the rigs.
What do the next 7 to 10 dyas hold until next news?
Within the next several weeks OMDA plans on sending one or more members of its management team onsite to meet with the company's drilling partners, tour the facilities, walk every lease and get a firsthand look at the progress to date, as well plans for future drilling. During that visit, detailed pictures and video will be taken of the property, wells, equipment, tank batteries, etc. and placed on the company's website as promised for the benefit of all current and prospective shareholders.
OMDA expects to release the next Concord Dome Update within 7 to 10 days. In that stage 2 report the company will provide more detailed information and a more specific breakdown, including engineering report findings which are forthcoming and will be passed on to the public.
"Concord Dome is a very important and potentially very profitable project for OMDA for many years to come," said Adam Barnett, Chairman and President of OMDA Oil and Gas Inc. "Over the next couple of weeks as we continue to gather and release more details, our shareholders will get a more complete picture of the prospect and a much better understanding of its long term potential. Up until now this prospect has not been drilled to anywhere near its potential. Our plans are to work closely with our partners and get the maximum production we can from Concord Dome for the next decade and beyond. We are also considering acquiring some of the surrounding acreage in order to continue to bring more wells online and ultimately harvest much more oil than just the 1,000,000 barrels that are recoverable right now."
In another development, OMDA Oil & Gas, Inc. and its Board of Directors are exploring a Joint Venture opportunity that they feel will be very lucrative and provide an additional revenue stream for the company. This would be an all cash deal. The company should have enough research and negotiations accomplished to share an extensive update on this opportunity next week.
OOAG - tech video - someone elses find - passing it along
http://www.itsallbull.net/iabtv.php?id=299
I think there is a short squeeze that will come at much lower levels, more like .10-.12. They hit hard this morning on the news, which like I said would be general and good and suggest what was coming in future PRs with real numbers - revenue stream and possible drilling partners. Yes, he will use drilling partners on the ground to run site.
AEB has assets now and is not looking for the quick trick, he will string this out and try for the most share appreciation he can. Remember he created the limited shares condition for a reason. Funnel going up - the higher it gets the tighter it gets, and momentum continues.
Work to get to free shares and some profit out. Buy a new laptop for yourself like Alaska did. Then you don't mind holding through mornings like this. Maybe buy on dips like this morning (like I did - order was already in), and take some profits but keep enough shares to make a difference should it go to .25.
I am mostly in blue chips, but watch pinks for fun. Opportunities like this do not come along often. Company being given assets after a 6 year court case - limited shares - producing wells. Pinks like this don't come along everyday. I made a mistake and got out of BEXP too early and it is up at $17.00, sold at $12. Should have taken out original investment and some profit and left some.
<<Short squeeze coming. .25 to .50 being called, I will PM you the link, please post it on a few boards for everyone to see, the MM's have no shares they have been shorting most of the shares traded everyday. This is huge. >>
Short post - http://cashflowstock.blogspot.com/2010/05/ooag-bulls-are-in-full-control.html?showComment=1274907254670_AIe9_BFVSvoTTOOyODQdHdDcVa0w4b-Hcyh-S2Gh_HNMs5xm6yc46hu5pGR_FKm2Wm4nEcOokrl9IJyWihgtYlaOjVUgKvXgxpK8VX9JTAKtsIZBulXkZrj2yn5Q9I7lfZnhTkqw24KNiMZqD7OBOWgGHXOcu1o_Cn2WH7xeecMEDmsQ-s7bnqEU4k3sN-AgCkZm9qS2G7T-zJhvLvd9m4Ufnp_MR1QKhG_iPhySbxwjG0a4OKvjOOpkMKNKnP-aHPiCotmuKbn9#c8517899966253439