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A United States patent has a duration of twenty years.
"Biocurex's technology is protected by a United States patent which expires in 2014"
The patent was issued by the USPTO in February of 2003.
CTHR booshing? In at 2.60 this a.m. Hehhehhehhehheh....
KID & SHE (now SKII) went bust. CTHR is my new fave prospect. eom
Heh heh, not concerned at all, as I haven't bought any. ;) Was watching for an upward breakout.
Nice descending triangle! Watch this one... eom
Ain't SHE a beauty? eom
KID setting up good. I kid you not. EOM
Guinea's political parties:
UPN - National Union for Progress [Mamadou Bhoye BARRY]
PUP - Party for Unity and Progress (the governing party) [Sekou KONATE]
PPG - People's Party of Guinea [Charles Pascal TOLNO]
RPG - Rally for the Guinean People [Alpha CONDE]
UFDG - Union of Democratic Forces of Guinea [Cellou Dalein DIALLO]
UFR - Union of Republican Forces [Sidya TOURE]
UPG - Union for Progress of Guinea [Jean-Marie DORE, secretary-general]
UPR - Union for Progress and Renewal [Ousmane BAH]
Yeah, it's looking considerably worse. The WSJ is saying 25,000 barrels a day now, rivaling on a daily basis Mexico's Ixtoc 1 blowout of June 3, 1979. (Ixtoc wasn't capped until late the following March.) The original estimate of 5000 barrels per day, a government estimate, was in fact the low end of a 'guesstimate' range. In terms of volume this may already surpass the Exxon Valdez, which "only" released about 11 million gallons--and look what that did to Prince William Sound.
Then again, the Gulf of Mexico isn't Alaska. There's a lot of natural oil seepage in the U.S. portion, perhaps as much as 4000 barrels a day (albeit greatly dispersed), so there is a microbial foundation already adapted for that substrate. Wave action and the subtropical climate will accelerate the breakdown. Heavily-contaminated areas will likely be treated with nitrate- and phosphate-bearing fertilizer, which boosts bacterial action.
The main carcinogenic compounds in crude oil are the heavier polycyclic aromatic hydrocarbons (PAHs). Microorganisms have a harder time with these, as they take longer to break down, are hydrophobic and tend to bind to soil and sand grains. Expect to see a lot of monitoring in the coming years of PAH concentrations and their metabolites in sediments and marine life. The good thing about PAHs is that they aren't very mobile. The bad thing about PAHs is that... they aren't very mobile. A lot of beach sand might have to be dug up and trucked away or dumped further out.
None of this is good. But I am still a little more optimistic than others. I think the Gulf will recover from this catastrophe considerably sooner than most now imagine.
BP is about to complete a containment dome, the largest ever. The Chairman says it will be deployed in 8 to 9 days. Hope it works. A dome's never been deployed at such depth.
Before we go into outright panic mode...
Things might be not quite as awful as they appear. Oh, it's a disaster alright, but comparisons to the Valdez incident might, in some important aspects, be overblown.
5000 barrels a day is a significant ongoing spill in any circumstance, there's no denying that. In respect to the Gulf coast, I did some calculations.
Imagine if the slick uniformly impacts the Gulf shore (which it assuredly won't) from the Southwest Pass Light (the southernmost extension of Lousiana into the Gulf) east to the Appalachicola estuary in the Florida panhandle, by rough measure about 600 miles of coastline. (And probably much longer--this is important--if we measure the coastal waterline at a 100-foot scale.)
If all 5000 barrels were spread over a strip of beach 600 miles long and, say, 25 feet wide, we get a layer of oil about four one-thousandths of an inch thick. Still, a pretty heavy sheen.
If we instead estimate the length of exposed Gulf waterline to be 2000 miles (likely closer to the true length), we end up with a slick six ten-thousandths of an inch thick. Again, still quite a sheen.
Of course, this oil slick will not behave that way, and no spill ever does. There will be concentrated landfalls. And that BP well is spewing 24 hours a day. That's 35,000 barrels a week, or about 1 million barrels a month.
But all that raw petroleum isn't going to just hang around. It is already warming up down here (I'm in south Mississippi), and Nature will have her way with the oil. Petroleum breaks down all by itself fairly quickly in a warm wet environment. And, being a natural organic compound (a fact the mainstream media tends to forget--or ignore), trillions upon trillions of bacteria are already settling in for a very very long feast, turning all those long hydrocarbon molecules into carbohydrates and lipids and protein, thousandth-of-an-inch by thousandth-of-an-inch.
Nevertheless, coastal fisheries will be hit hard. A lot of birds are going to die. There may be an almost unprecedented decline in tourism in many areas, devastating hotels and related businesses. Toxins from the oil will linger in sediments for many years, though the real impact of such traces on people and wildlife has never been quantified in any confident measure.
But soon (we hope), the engineers will choke off that well. The bacteria will keep on munching. Storms will come to thrash the beaches and break up the oil even further, and hot summer weather will hasten the process. Bird populations will rebound, and I doubt any species, bird or otherwise, will go extinct. Some parts of the coast will be much less affected, and those will provide bright spots in the outlook and stepping-stones to recovery of both economy and ecology. The media will probably ignore those, however.
The ecology of the Gulf coast is very dynamic. So is the economy. It may not be too bold to predict that, by next summer, the Gulf coast will look as it always has.
Leonard has seen all the current data, has the knowledge to grasp its significance and the experience to carry it through. He sounds convinced the oil is there, that there is a lot of it and that it can pumped out. Thus it is an asset even in terms of its mere potential.
All else being equal, if RL's plan was only to sell the lease, HDY could probably pitch it for at least a billion dollars as it stands, if we weren't in too much of a hurry.
A company however is more than its tallied assets whether real or potential. The low share price reflects doubts about Guinea's ability to discharge contractual obligations, and a stubborn market after-taste of HDY's history (pre-Leonard) of being unable to execute.
see post #2230
IPAA Transcript
Sorry if this knocks the legs under your post, but I posted my own transcript of RL's presentation on the IV board. I'll repost it here:
Ray Leonard, IPAA Oil & Gas Symposium, April 13
HYPERDYNAMICS BACKGROUND
“ My name is Ray Leonard; I am the chief executive officer of Hyperdynamics. And, as many of you are wondering, Hyperdynamics is not your average name for an oil company.
Hyperdynamics [the Company] was initially a software company, and after the ‘dot-com boom’, they decided to change into a [geophysical] software company, and they acquired, along with a large geophysical database and geophysical software, the drilling rights to offshore Guinea. And, over the years, everything else fell away, and the offshore rights became the core of the company. And there’s a lot of you who have been following west Africa as have probably seen, northwest Africa has become an exploration hotspot, and that offshore drilling rights in Guinea became really a [potentially] very profitable and very exciting asset to have.
The Company is an independent E&P company based in Houston, Texas, and is a 77-percent interest holder to a 25,000 square-kilometer offshore license [slightly bigger than Vermont], one of the largest licenses in west Africa. The area has a number of prospects in the billion-dollar range with [in respect to?] recent discoveries both north and south of the acreage. And what’s also as important, since July 2009, which is the time I came on board, there’s been a significant change in the management of the company and in the staff of the company.
My background: I spent about 20 years with Amoco; one of my positions there was as the division geologist for west Africa; my last position [with Amoco] was as the Vice-President of Resource Acquisitions located in the former Soviet Union. Since then I have had executive positions with Yukos, MOL [the Hungarian oil & gas company], and before joining the Company I was Vice-President of The Kuwait Energy Company based in Kuwait City.
My executive vice-president for commercial affairs, Bill Young, was most recently the commercial head for British Gas, a 40-billion-dollar company in the UK.
Steve Barrett, our exploration VP—his last position was with Nations Petroleum, a very successful independent company in the former Soviet Union.
Jason Davis, our CFO, joined at the same time I did in July; his last job was as CFO for Particle Drilling Technologies.
We also have an extremely strong Board [of Directors]:
Bob Solberg, the Non-executive Chairman, was the president of worldwide E&P for Texaco; after the merger with Chevron, he has been on a number of corporate boards; he’s also the chairman of Scorpion Drilling.
And then also Herman Cohen, who was [formerly] an Assistant Secretary of State for Africa; he is certainly exceptionally helpful in the west Africa political environment.
And Lord David Owen, the former Foreign Secretary for the U.K., who was also the chairman of Yukos International, brings E.U. and U.K support, as does Herman Cohen for U.S. Government support.
So, politically and technically, this is an extremely strong team.
HYPERDYNAMICS IN GUINEA
Northwest Africa is an interesting area. As I mentioned before, I was the division geologist for Africa in the 1980s, and actually we were the first ones to take out concessions in Liberia and Sierra Leone. The problem was that for us “deep water” [back then?] meant drilling in 200 meters of water, and, ironically, we drilled a well only 15km from the recent Venus discovery by Anadarko—the difference was that ours was on the edge of the shelf, and theirs was in the deep water.
The opening of the deep water has really opened the potential for northwest Africa. I think the best example is offshore Ghana where the Jubilee field has been delineated at 1.8 billion barrels. And, as a number of you [unintelligible] Exxon offered 4.2 billion dollars for a 23-percent share with Kosmos Energy, and while that seems to have been preempted by the Ghanaian government with backing from the Chinese, Kosmos is still going to get their payout—even though it may not be from Exxon.
That’s the type of play that we are looking at, and that’s the type of payoff we think we have as we actually have several of those turbidite-fan prospects in the offshore.
Now, when I was working in the 1980s, “west Africa and oil” meant a line from Nigeria down to Angola. But, a generation later, the northwest [of] Africa is really the place that can be a lot more profitable, and there are a few major reasons for that:
One, the fiscal terms are a lot better: you have 80 to 90 percent government “take” down in the Nigeria-to-Angola area, whereas your government take is more in the range of 50 percent in northwest Africa. So, per barrel, your value is up to 3 to 4 times higher in northwest Africa.
And, in addition, there are no OPEC quotas, and the countries in northwest Africa are “hungry”—if you find something, they want you to put it on stream as fast as possible. There are as few barriers as possible in your way. So it’s a much better place for exploration if you’ve got the prospects—better terms, faster development.
In “de-risking” the asset in Ghana, you’ve got, um…. excuse me, in Guinea… Freudian slip there; it’d be nice if it was Ghana—there are really three stages:
We’ve completed the first stage, and that’s to do 2D seismic to identify the play trends and the general prospects. And we took another step here, which was very important: with satellite imagery, we identified oil seeps in a number of areas, and then we got a boat out and did a geochemical coring exercise to get subsurface and surface samples and water samples to verify the seeps. We identified both Cretaceous and Jurassic source rocks. So we know that we have an active petroleum system there.
The second stage (and we’re putting out a tender this week actually for a very large 3D seismic program that should cover 3,500 to 4,000 square kilometers) is to go over three of the best prospects we see, and we are committed by contract with the government [of Guinea] to begin drilling by no later than the end of 2011—so our exploration drilling will be starting at that point. (The seismic run you see there [on a presentation slide] covers one of the turbidite fans that we see; it’s a very large and obvious structure that is actually about the size of the Jubilee prospect in Ghana.)
A second factor [the 'third stage'?] is bringing in additional participants. We came in this with 100 percent interest. We acquired one partner, Dana Petroleum: they’re very active in northwest Africa, active in Morocco and Mauretania where they’ve participated in discoveries; also, they’ve taken a position in Senegal. They acquired a 23 percent share [in HDY] for 19.6 million dollars.
We have had a letter of intent with Repsol to acquire another 37 percent; their exclusivity has lapsed [as of 11 March 2010]. However, they are still negotiating to try and close that deal. However, after their exclusivity expired, several other companies have stepped in. So we have an active competition to get that third slot, which is a 35 to 40 percent operating interest. So we are going to have a third partner there, a major company as an operator. [I take this to mean that HDY and Dana are the other two partners. –E.H.]
THE GEOLOGY
So what does the geology look like in more detail?
We see 3 prospect trends. The dashed area shows the specific concession area that we have. The gray outline shows the original concession, and then we were able to, after acquiring the [2D] seismic, basically able pick the 25,000 sq.km. that we wanted, which is one of the largest concessions in west Africa, and it covers the 3 main prospect trends.
One [of those trends] is the turbidite-fan area; the Anadarko east [?] discovery is right here [referring to a presentation slide]. So this is basically the same play type. We have a fan here, another here, and another here, so you have multiple prospects there.
Then we have very large lower-Cretaceous/Jurassic structures in ultra-deep water—we have one here that’s over 100 kilometers long [over 62 miles].
And then we have a series, right on the shelf edge, of smaller 4-way closures that have some direct hydrocarbon indicators.
So you have multiple prospects here—and this is really a “petroleum province”. I know when I was with Amoco, the company was really based on 2 or 3 international areas: one in Egypt and one in Trinidad. And the value to Amoco was, it was a large enough area that you not only had development projects but [also] consistent exploration prospects.
So this is the type of concession that big companies are interested in. It really reaches the size that now you have super-majors far larger than the Amocos of the day when I came into the industry. They’re looking for projects that can have an impact on the bottom line of companies that size, and the Guinea offshore concession actually does reach that size.
You also can see there the locations of some of the active petroleum seeps; they’re not only by the coast where the formations crop up at the seabed, but also there are seeps in the middle of the concession area.
Just to look a little more at the details: This is one of the turbidite fans, you can see very clearly on the seismic it’s approximately 1,000 sq.km. in size, and this is a cross-line, and it’s hard to see from here, but you see this and you get very excited, because you have a mid-Cretaceous event here which disappears under the middle of this, under the area that’s under 4-way closure, which indicates some special event here, it has a different velocity that’s masking this reflection underneath which could be a direct hydrocarbon indicator.
The other type of prospect, the deep water, the lower-Cretaceous structures, it’s just a big huge anticline, that as I said before is over 100km long, and as you have identified active Jurassic source rocks in the area, this is another potential, although again, as it’s in 1500 meters of water, you’re really looking at an expensive deep-water well. This may not be the first well that’s drilled.
BUSINESS AND POLITICAL ENVIRONMENT
Another plus for Guinea is that it’s one of the world’s major mineral treasure troves, and you have all the major mineral [metal?] producers, and they need gas. They need gas for the alumina smelting process, they need gas for power generation. They’ve come to us and said, “Look, if you find natural gas there, we’re very anxious to buy it at market prices.”
So, although oil is the primary target, if you find associated natural gas here, there’s another business opportunity for you.
When I talked to the IPAA in the fall, I had a very different political-business environment to talk about there. Guinea has been under dictatorship ever since independence, but over the past few months there’s been a major change—an interim military-civilian government has been installed, democratic elections are going to be taking place, a moderate civilian who had been leader of the opposition has been appointed Prime Minister, he’s very pro-American, and the U.S. Government has been actively involved in helping this transition to move forward.
So in terms of security, in terms of stability, Guinea is really moving in the right direction. It’s a much better place to do business.
We have just concluded, as of March 25th, an extension to the Production Sharing Contract (PSC) that gives us back [?] the area that you saw for a 6-year exploration period, and it took a little longer to do, but it’s because, as I think I mentioned in a webcast, ‘democracy is the worst possible government, save all the alternatives’. It’s messy, you need buy-in by a lot of different parties, but that’s what we got.
So, from a business standpoint, this is a much stronger project than it was 6 months ago. This production-sharing amendment locked in very favorable fiscal terms, it’s a government take of a little over 50 percent, which, if you’re familiar with west Africa in fiscal terms, it’s a very strong contract for us. And, so, for the political and business environment, it’s very strong.
TIMELINE, AND FUTURE
The timeline for the project is very straightforward:
--we signed our memorandum of understanding with the government in September,
--we acquired 10,000km of 2D seismic in the 4th Quarter,
--we did our relinquishment, signed on Dana Petroleum as a partner and signed our production sharing agreement in March,
--we’re tendering, we’re going to be doing our 3D seismic in the second half of 2010,
--and in 2011 we’re going to spud our well.
And in terms of the value for the Company, all of these items have increased value, the share price has appreciated by about 350 percent since July at the time when this new team took over; we see continued appreciation within this time-frame, but the real value increase will be when we drill the well. So that gives you a clear indication of when that will take place.
So from a standpoint of investment highlights, it’s really very straightforward; it’s not a complex story. We have a world-class asset; we have favorable economic terms; the contract is locked in with the government [of Guinea] that is moving towards stability and democracy; and we have actually an example with the discovery in Ghana in which you have a target out there that is valued at 4.2 billion dollars for a 23-percent share--we have a number of similar prospects that works out to about $10 a barrel, by the way.
We have a clear plan, which was really outlined to shareholders in August of last year, and step-by-step we have done exactly what we said we would do. And so that gives you some confidence that the plan will continue again exactly as we predicted.
When I joined the Company, I felt, well, if we can hold on to a 20- or 25-percent carried interest in this asset, that’s probably what we should look for. But as time has gone on, and the prospectivity has gotten stronger and stronger, the 4.2 billion dollar offer by Exxon for the Jubilee field—a 23-percent share in that discovery by Anadarko right next door—the plan is to hold on to as large a share of this as we can through the exploration drilling, which we estimate to be 35 to 40 percent.
So the plan is very clear. The team: you have a senior management that has a record of success; internationally we have as strong a board of directors as I think you’ll ever see in an independent oil company; we have one strong partner that knows how to work in west Africa; and we have a number of interesting opportunities as a second partner with really the top oil companies of the world.
So I think it’s very straightforward—this is what we’ve done in the past, and this is what we’re going to do.
I would just quickly mention in terms of the financial data of the company, we have about 100 million shares outstanding, our market capitalization as I mentioned before has increased, it was about 40 million dollars in July when this team took over, it’s about 130 million now. We have a significant average daily volume, and we really think we’re poised for the next step—that this could be a multi-billion-dollar asset for people who are willing to stay the course with us for the next two years as we go into exploration drilling.
So—thank you very much for listening, and I hope to talk with more of you during the day. ”
brilliant answer
I predict a fairly consistent upswing from this point on for the next couple of months.
That may be a recycled year-old article with a phony dateline. A later paragraph talks about the almost-assassinated Camara as if he were still in the loop running rhings.
whut?
thanks!
How does one post charts within messages here?
Cancer Society stops urging docs to offer PSA test.
http://www.physorg.com/news186834851.html
Just noticed XCHO.
AAPH doing nicely, got in at breakout. Is that a boosh?
Do tell. Buzz is good. Any specifics?
I have never heard anything good about reverse splits. Why Dr. Burger is raising that option is beyond me. If he's so confident about future cash flow and the potential of RECAF, then let Biocurex drop the share count with stock buy-backs.
AAPH tiptoeing into boosh territory? Got in when it poked up out of the triangle.
I would like to see a question about potential treatment applications, like complexing the RECAF antibody with a chemotherapeutic agent or radionucliide.
How much work or brainstorming has been directed toward that end? What's the current thinking on its likely feasibility? Do the current Abbott and Inverness licenses cover that aspect?
Chart has set up very nice!
AAPH too. Nice chart. eom
SPCK
Very cheap for a company that's actually making money. Chart looks like it's building boosh-potential, but I'm still feeling my wat around at this.
http://stockcharts.com/h-sc/ui?s=spck
Weekly display option neatens up the chart.
Another good one:
Another interview transcipt with our CEO:
http://mixergy.com/sanjay-sabnani-crowdgather/
Interesting excerpt:
Sabnani: Recently, we have experienced a little bit more awareness about our company and our mission.
And as a result, we think that it'll be a little bit easier to procure the financing that we need to keep driving our growth. Right? And for us, the day job is very simple. You know, we've got a bunch of forums. We've got to keep them good. We've got to buy other ones. And it's really, I think 2010, our target is to raise enough capital to take us from about 10 to 12 million monthly page views, and 2 million uniques, to probably closer to 60, 70 million monthly page views, and about 7 million uniques. Right? That's our target.
Of course, we can't do it unless we can raise the capital to acquire them. But the recent liquidity and attention to the stock, and you know, for some reason, this increased coverage that we're getting on sites, such as yours, at least has got people talking to us, which is a lot better than when I had to call them. Right? So, we think it's going to be a good year.
Skymark Research, eh? Do we care?
Here’s a recent list of companies on which Skymark recently "initiated research”. They are very busy at Skymark!
January 14:
Eastman Kodak
Terrestar
Medical Care Technologies Inc.
January 19:
Aastrom Biosciences
General Moly
Paramount Gold and Silver Corp.
Alto Group Holdings
Fronteer [sic] Development Group
BNB Muni Inc.
January 20:
Biocurex (I hold some of this.)
Radient Pharmaceuticals
Allied Defense Group
Genvec
Smokefree Innotec
January 21:
Midwest Banc Holdings
Lexicon Pharmaceuticals
Axcelis Technologies
Dearborn Bancorp
January 22:
Isoray
Sino Clean Energy
Huntington Bancshares
January 25:
Vonage Holdings Corp.
Ponaird Pharmaceuticals
Lodgian Inc.
January 26:
Hana Biosciences
Brinx Resources
Ford Motor Company
Sulphco Inc.
January 27:
Synovus
EMC Corp.
Palm, Inc.
Amylin Pharmaceuticals
January 28:
Motorola
Repros Therapeutics
Conolog Corp.
Callon Petroleum
January 29:
Aurizon Mines
Align Technology
Achillion Pharmaceuticals
Netflix
February 1:
Bonanza Oil and Gas
Uranium Energy Corp.
Flagstar Bancorp
International Stem Cell Corp.
February 2:
Stem Cell Therapy International
SMART Modular Technologies
Applied Micro Circuits Corp.
February 3:
Palatin Technologies
Antares Pharma
Athersys Inc.
February 4:
Magnum Hunter Resources Corp.
Labopharm Inc.
Bontan Corp.
February 5:
Iteration Energy
Alange Energy Corp.
Gleichen Resources
Connacher Oil and Gas Ltd.
February 8:
Platinum Group Metals Ltd.
Art Technology Group
Endeavour Silver Corp.
Power-One Inc.
February 9:
Xstrata Plc.
NXT Nutritionals Holdings
Phoenix Companies
Standard Pacific Corporation
February 11:
Crowdgather
drugstore.com
Pepper Rock Resources
February 12:
Alcatel-Lucent
NGAS Resources
Hydrogenics Corporation
OPKO Health
Anyone know where I can find an online price-rankable list of *all* stocks? (With or without pinks, but including OTC/BB.)
StockCharts.com has a 'symbol catalog' that is very complete, but there's not much you can actually do with it. (Does a paid membership there access a more informative catalog?)
I suspect a combination of reg'lar old profit-taking and fear of a pump-and-dump. There is definitely at least *some* P&D involved of the opportunistic kind (versus outright organic), but how much is driving this dive I can't say.
Long-range, I think this is still a very promising play. I've been on many roller-coasters, and little skin off my teeth to ride this one out.
According to Sanjay in a November interview:
Q:
CrowdGather has 1.9 million unique users monthly and this year your audience grew over 400%. Can you sustain this type of growth? Is there a point where you will feel you will be big enough or even too big?
Sanjay:
Our growth rate is entirely based upon our access to capital. Given capital, we can keep driving our growth till we achieve critical mass and profitability. We anticipate this will happen when we are at around 10 million monthly unique visitors. Beyond that we will grow revenues by partnering with smaller forums in order to help them benefit from the higher advertising rates we have negotiated.
CRWG: anyone heard of this?
Rumors, or maybe just speculation, of an eventual Google buyout. As of this moment looking post-boosh. But technicals imply momentum? Business model based on creating an ad platform by linking web forums and message boards within a free content-driven network.
ESWW showing C&H on its weekly.
Handle a bit ragged though. And, like Mr. O'Neill himself, am somewhat skeptical of the reliability of C&H's on low-priced stocks.
Heh heh... Boosh!