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There is 100% fact ! 20 billion shares currently out standing
dont let anyone fool you or confuse you!
the rs has been announced yes
but has not taken place yet
i have been in efir for 5 years
and this coming rs is number 5 for me
how much do you think anyone has made
major losses and company keeps printing
the last transfer agent would not allow this scam to continue
and even though announced they would not rs this time
that is why efir has just switched tranfer agents
and your 1 for 4000 is coming any day now
so if you are lucky and get some at .0001
next month after rs you need to get .40 cents a share
.0002's will need to get .80 cents per to break even
all the while the company is printing new stock
to old debtors
good luck making money in this sinario
no one has with efir to date
but glta
20 Bil shares auth
and 20 Bil out standing
reverse split 1 for 4000 coming very soon
company value 2 mil at .0001
4 mil at .0002
big debt / no revenue
be careful
really!
R/S 1 for 4000 any day already filed !
glta
I am out
R/S coming shortly
after reverse .0001 = .40 cents
.0002 = .80 cents
I do not see either holding up for long
Dennis and the gang have 5 billion authorized to work with
and a bag of debt to clear up
it won't stay above a penny for long
if history repeats itself imo
I personally lost a ton with efir
been in for 5 years and 2 rs soon to be 3
but glad to get a few bucks out before R/S
Thanks to who ever pumped a little life into efir
I held 2 years with-out a bid
some good advise to all: crude dude knows what he is talking about
listen carefully, wished I had of listened to him sooner and
even george had good advise looking back !
again glta
traderlong2 out!
Hey Apdragon
not saying it has officially happened
been here a very long time and been an efir
bag holder even longer
just saying the last 2 years Ihub have shown
on the main efir page
outstanding 19 Billion and market value 1.9 million
BUT TODAY for the first time it shows as
Market Cap :476 Outstanding Float : 4.76M
something is up !
and these new numbers on Ihub
reflect a 1 for 4000 rs
we will sure find out in the next couple of days
glta
i think RS is done !!
yesterday ihub was showing 19 billion shares outstanding and today
showing 4.76 million
equals 1 to 4000 rs
we shall see mon/tues
that is not very much stock available
and my guess why the volume started last week
I assumed the transfer agent change
would complete the rs
glta
is today the break out day ?
it is coming !
glta
L2 anyone please?
we might see .0003 today ?
glta
3.7 BILLION shares traded last 2 days
something is up !
glta
I think .0003 or higher after lunch
some one wants our shares with 100 lot ticks downward @.0001
98% 0f todays volume has been at .0002
one big buy like friday and the 3's are in play
glta
anyone have L2 ?
Thanks
Anyone know what this is about!!
Current Report Filing (8-k)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 31, 2013
MONDIAL VENTURES, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
000-51033
(Commission File Number)
27-4481914
(IRS Employer Identification No.)
6564 Smoke Tree Lane Scottsdale, Arizona
(principal executive offices)
85253
(Zip Code)
(480) 948-6581
(Registrant’s telephone number, including area code)
(Former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.01. Entry into a Material Definitive Agreement
I. Asset Purchase Agreement
On January 21, 2013, Mondial Ventures, Inc. (the “Registrant” or “Vendor”) entered into an Asset Purchase Agreement by and among Shale Corp. a private corporation organized under the laws of the Ontario with its principal place of business located at 365 Bay St, Suite 400, Toronto On, M5H 2Vl ("SCorp" or “Purchaser”).
The summary material terms of the *Asset Purchase Agreement include:
1. The Registrant / Vendor and SCorp are executing and delivering the Agreement in reliance upon an exemption from securities registration pursuant to Section 4(2) and/or Rule 506 of Regulation D ("Regulation D") as promulgated by the United States Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act");
2. Via its transaction with SCorp the Registrant will have as a result, noting primarily, a majority owned subsidiary operations to be consolidated with the Registrant to support its oil and gas development plans for certain of its properties and interests existing before the transaction.
3. The Registrant / Vendor and SCorp are executing and delivering an *Assignment and Bill of Sale (the "Assignment and Bill of Sale Agreement") pursuant to which the Registrant agrees to sell to SCorp oil and gas interests for the J.B. Tubb Leasehold Estate listed as described in the Assignment and Bill of Sale attached on Exhibit "A" thereof, including the existing Operating Agreement attached and listed on an Annex 1 to Exhibit "A" of the *Asset Purchase Agreement, a full assignment and transfer of Registrant / Vendor position, as amended in i) Participation Agreement for (Turnkey Drilling, Re Entry, and Multiple Wells, with all extensions and amendments) attached on Exhibit "B" of the Asset Purchase Agreement, iii) Definitive Short Form Agreement between Mondial Energy Producers, Inc., a wholly owned subsidiary of EGPI Firecreek, Inc., for Evaluation and Potential Acquisition, subject to lease extensions, acceptable curative remedies and availability for up to 100% Oil and Gas Working Interests, Callahan, Stephens, and Shakelford Counties, Texas attached on Exhibit "C" of the Asset Purchase Agreement (collectively, the "Purchased Assets").
(a) SCorp has entered into a letter of intent (the "LOI") to combine its business with 0922327 BC Limited ("Pubco"), a reporting issuer to be listed on the Canadian National Stock Exchange ("CDNX") after completion of this transaction contemplated by this Agreement and acquisition of the Purchased Assets, resulting in a total of 71,000,000 shares of Pubco being outstanding.
4. For and in consideration of the foregoing premises, the mutual covenants and agreements contained therein the *Asset Purchase Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agreed in summary as follows:
5. PURCHASE AND SALE OF PURCHASED ASSETS
i) Purchased Assets. Subject to the terms and conditions hereof, the Vendor Registrant covenants and agrees to sell, assign and transfer to SCorp the Purchased Asset free and clear of all encumbrances and SCorp covenants and agrees to purchase from the Vendor Registrant the Purchased Assets.
ii) Purchase Price. The purchase price payable by SCorp / Purchaser to the Registrant / Vendor shall be US$1,282,430 (the "Purchase Price").
iii) Payment of Purchase Price. The Purchase Price shall be paid and satisfied by:
(a) concurrently with the execution of the Asset Purchase Agreement, SCorp will pay to the Registrant / Vendor by certified check, bank draft or other means of immediately available funds, the sum of US$45,000;
(b) the issuance to the Registrant / Vendor, on the Closing Date, of 47,000,000 fully paid and non-assessable Common Shares; and
(c) SCorp will also assume, on the Closing Date, the Assumed Liabilities pursuant to an assumption agreement in form and substance acceptable to SCorp and the Registrant / Vendor, each acting reasonably.
6. CLOSING
i) The Closing. The closing of the purchase and sale of the Purchased Assets shall take place at 5 p.m. (Phoenix time) on or before January 31, 2014 (the "Closing"). The date and time on which the Closing occurs shall be referred to as the "Closing Date". On the Closing Date, SCorp / Purchaser shall deliver to the Registrant / Vendor a certificate representing the number of Common Shares set out in Section 1.3(b) of the *Asset Purchase Agreement, which Common Shares shall be registered in the Vendor's name, or as otherwise designated by the Registrant / Vendor, and SCorp / Purchaser shall deliver the assumption agreement as set out in Section 1.3(c) of the *Asset Purchase Agreement.
ii) Management. On or before Closing, SCorp / Purchaser will have appointed Mr. Dennis R Alexander to the position of President and CEO and Director of the Company. Mr. Dennis R Alexander will then appoint a CFO and other Board member as he deems necessary.
iii) Financing. On or before Closing, SCorp / Purchaser will have completed an initial private placement of $125,000 to be generated for initial startup capital for its operations. Furthermore, the Registrant / Vendor will grant SCorp / Purchaser an option on a farm in agreement with regards to drilling of one or more wells on the South Forty (40) acres of the J. B. Tubb Lease, Ward County, Texas and SCorp / Purchaser will use its best efforts to raise a minimum of $2,000,000 for capital expenditure and for example such planned development of the J.B. Tubb leasehold interests, initially drilling and development of an Ellenburger well at approximately 8,300' foot depth. For this when financing is achieved, Registrant / Vendor agree it will cause SCorp / Purchaser to receive a 75% Working Interest and 56.25% Net Revenue Interest in the Ellenburger well contemplated for drilling.
*A copy of the Asset Purchase Agreement, the Assignment and Bill of Sale, Participation Agreement, and all Exhibits and Attachments are attached hereto as Exhibit 10.1.
II. Omnibus Agreement
On December 31, 2013 the Company (“Registrant”) entered into an *Omnibus Agreement by and between itself, Energy Producers, Inc., (“EPI”) a Nevada corporation, and a wholly owned subsidiary of EGPI Firecreek, Inc., (“EGPI”) a public corporation organized under the laws of the State of Nevada in the United States of America whose address is 6564 Smoke Tree Lane, Scottsdale, Arizona 85253, EGPI and EPI together (“Firecreek”), TWL Investments aLLC, an Arizona limited liability company (“TWL”), having a principal mailing address of 21190 W. Sage Hill Road, Buckeye Arizona 85396, Thomas J. Richards, an individual (“TJR”), having a mailing address of 2454 E. Huber, Mesa Arizona 85213, each of EPI, EGPI, Mondial, TWL, and TJR a “Party” and collectively (the “Parties”) for good and valuable consideration and general release contained therein:
The summary material terms of the *Omnibus Agreement include:
1. In behalf of consideration paid to EGPI by the Registrant in the amount of $218, 875 an Assignment and Bill of Sale listed on Exhibit “A” hereto between EGPI and Registrant is approved by all parties for recording, in the State of Texas, County of Ward, Effective as of December 31, 2013. The Exhibit “A” Assignment and Bill of Sale includes the following *information listed on its Exhibit “C” as to Assumption of Debt. For such Assumption of Debt TWL Investments, aLLC, an Arizona limited liability company (“TWL”), having a principal mailing address of 21190 W. Sage Hill Road, Buckeye Arizona 85396, and Thomas J. Richards, an individual (“TJR”), having a mailing address of 2454 E. Huber, Mesa Arizona 85213 do fully grant, acknowledge and provide their full release herewith for said transfer of oil and gas interests from EGPI to Registrant as listed on Exhibit “A” hereto.
2. Assumption of an aggregate total of five hundred fifty thousand dollar ($550,000) debt comprised of the following amounts:
i) Assumption (by Registrant) of $376,273.05 pro rata portion with identical terms as of the date of even, of an Agreement effective as of July l, 2012 by and between EGPI a Nevada corporation, having a mailing address at 6564 Smoke Tee Lane, Scottsdale, Arizona 85253 and its wholly owned subsidiary EPI also a Nevada corporation having a mailing address at 6564 Smoke Tree Lane, Scottsdale, Arizona 85253, an TWL, an Arizona limited liability company, having a mailing address of 21190 W. Sage Hill Road, Buckeye Arizona 85396, each a “Party” and collectively (the "Parties").
ii) Assumption (by Registrant) of $173,726.95 pro rata portion with identical terms as of the date of even, of an Agreement effective as of December 31, 2013 by and between EGPI a Nevada corporation, having a mailing address at 6564 Smoke Tee Lane, Scottsdale, Arizona 85253 and its wholly owned subsidiary EPI, also a Nevada corporation having a mailing address at 6564 Smoke Tree Lane, Scottsdale, Arizona 85253, and TJR, an individual, having a mailing address of 2454 E. Huber, Mesa Arizona 85213, each a “Party” and collectively (the "Parties").
3. That the Agreement with TWL and TJR debt pro rata in the aggregate amounts referenced above, i) effectively reduces and therefore is released in the stated pro rata amounts on the books and records of EGPI, as of December 31, 2013.
4. That the Agreement with TWL and TJR debt pro rata in the aggregate amounts referenced above, i) effectively increases by the pro rata amounts on the books and records of the Registrant, as of December 31, 2013.
5. For and behalf of the assumption of debt by the Registrant, EGPI agrees to issue a $550,000 8% convertible 6 month promissory note effective as of December 31, 2013 to the Registrant listed herewith on Exhibit “B” when completed.
*A copy of the Omnibus Agreement is attached hereto as Exhibit 10.2.
III. Modification, Amendment, and Further Extension of the “Agreement to Extend Option” to the “Agreement to Further Extend Option” of April 26, 2013, and formally updated on June 10, 2013.
Effective December 31, 2014, the Registrant, and EGPI Firecreek, Inc. on behalf of itself and Energy Producers, Inc. (“EPI”), in conjunction with Success Oil Co., Inc. (“Success”), having entered into an Agreement to Further Extend Option as of April 26, 2013 which was formally updated as of June 10, 2013, agreed to certain terms for Modification, Amendment and Further Extension of the various terms of agreement.
The summary material terms of the *Modification, and Amendment and Further Extension of the “Agreement to Extend Option”, formerly updated to the “Agreement to Further Extend Option” of April 26, 2013 and June 10, 2013, respectively:
1. All parties agreed to extend the option granted in the Option Agreement until April 1, 2014, unless further modified or extended by the parties to this Agreement in writing and attached hereto.
2. The Registrant and EPI agreed to settle certain debts owed or outstanding to Success by April 1, 2014, and within 5 days therefrom, by one or more methods including converting debt to stock on terms to be then negotiated, and or by payment in cash, which may include payment a portion or all through joint interest billing arrangement satisfactory and acceptable per mutual agreement of all parties of the Agreement.
*A copy of the Modification and Amendment and Further Extension of the “Agreement to Extend Option” dated April 26, 2013, along with Exhibits are attached hereto as Exhibit 10.3.
Item 2.01. Completion of Acquisition or Disposition of Assets
See Item 1.01 above.
Item 8.01 Other Information
I. Letter of Intent with Ben J. Taylor, Inc. to employ high volume staged frac on University No. 1 well, Ward County, Texas
The Registrant (“Mondial”) has entered into a Letter of Intent with Ben J. Taylor, Inc. ("Taylor") of Fort Worth, Texas. The plans if fully implemented will include Mondial to join with Taylor in the development of the Third Bone Springs and Wolfcamp formations in the University 18-19A "No. 1" well at approximately 11,000 foot depth, located in Ward County, Texas. Mondial and Taylor plan to employ a high volume staged frac technique to develop the known proven reserves in the two formations. Apache and EOG Resources, Inc. have offsetting wells which have been very prolific in these zones. The program will require Mondial to raise an estimated $1.2 million for Capital Expenditures related to the program. The program would allow for initial finance for the program to be recaptured first out of 100% working interest revenues before a 50/50 ongoing split based on approximately 75% net revenue interests. Subject to final agreement of the parties within approximately 60 days, and subject to due diligence and rig availability Mondial expects to start field operations within 90 to 120 days.
Ben J. Taylor, Inc. is a Texas oil and gas operating company founded by Ben J. Taylor who started in the oil business in 1927 and continued until 2000. The Texas Legislature passed a House Concurrent Resolution No. 291 commending Ben J. Taylor for his lifetime achievement in the petroleum industry and in particular the development of Texas oil and gas resources. The company is still family owned and operated.
II. Letter of Intent for drilling and development with Firecreek Global, Inc. on its Jackson Lease in Callahan County, Texas
The Registrant (“Mondial”) has entered into a Letter of Intent with Firecreek Global, Inc. to drill two inside locations to the Ellenberger formation at 4500 ft. on its Jackson Lease in Callahan County, Texas. This is a direct offset to an Ellenberger well drilled in 1951 which initially produced 317 BOPD. There are four additional zones that were drill stem tested and found to be potentially commercial. Concurrently a seismic study will be conducted over the unexplored area of the 1,096 acre lease. Based upon the results of the seismic and geological study a drilling program will be adopted to develop the multiple known producing reservoirs on the lease. Mondial will have the option to take approximately one-half of the working interest in the proposed development drilling program. Upon completion of finance and definitive agreements which allocations for expenditures will require approximately $975,000 to commence various studies along with the initial two well program development, field operations are expected to commence in April 2014.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed herewith:
Exhibit No.
Identification of Exhibit
10.1
Asset Purchase Agreement Between the Registrant / Vendor and Shale Corp / Purchaser Dated January 21, 2014.
10.2
Omnibus Agreement between the Company and Energy Producers, Inc., EGPI Firecreek, Inc., TWL Investments, aLLC, and Thomas J. Richards, dated December 31, 2013, and Exhibit(s).
10.3
Agreement between the Company and Energy Producers, Inc., EGPI Firecreek, Inc., and Success Oil Co., Inc., for Modification and Amendment and Further Extension of the “Agreement to Extend Option” and Exhibits effective as of April 26, 2013, as formally updated effective to June 10, 2013.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 7, 2014
MONDIAL VENTURES, INC.
By:
/s/ Dennis R. Alexander
Dennis R. Alexander
CEO
I read it all !
very detailed and very accurate and lots of info
on wells with permit numbers and equipment they own
some of the positives from the release:
.......Total revenues from oil and gas production were $161,016 in fiscal year 2012
......The Company is in completion stage discussions with equity, asset-based lenders, and other financial institutions for the purpose of acquiring financing capital expenditures to build upon its infrastructure for its oil and gas operations including the J.B. Tubb Leasehold Estate and our interests located in Callahan, Stephens, and Shackelford Counties, Texas.
..........As indicated in the table above, certain of our executive officers and directors beneficially own, in the aggregate, approximately 64.86 percent of our outstanding common stock, which includes additional votes and voting power through issuance of 1,079,999 shares of the Company’s Series C Preferred Stock.
...AND TAKE NOTE GEORGE
all old law suits you posted about 100 times have been settled
or dismissed !!!
good luck to all longs
THEY ARE RELEASED
10K
This story is not over
good luck to all who held this
looks like filings are being done
announcement this am
maybe not dead yet ?
Tue, Apr 30, 2013 12:00 - Mondial Ventures, Inc. (MNVN: OTC Link) - Tier Change - The symbol, MNVN, no longer is classified as OTC Pink Limited. As of Tue, Apr 30, 2013, MNVN resides in the OTCQB tier. You may find a complete list of tier changes at otcmarkets.com.
come on george
I agree 1.30 but after RS with 5 million out standing
and 3 shares = to each efir share will represent 3 shares of mnvn
you do the math I have already called 1.30 per share
that would make the company worth 6.5 million total
not 25 billion...... gerorge you are an interesting basher
eventually you will have to move on once things start to happen
glta longs
WE HAVE DRILLING NEWS FROM PARTNER
Mondial Ventures, Inc. Announces Future Drilling Plans For New Wells On The J.B. Tubb Leasehold Estate In Ward County, Texas
Date : 04/08/2013 @ 4:30PM
Source : PR Newswire (US)
Stock : Mondial Ventures, Inc. (QB) (MNVN)
Quote : 0.25 -0.039 (-13.49%) @ 5:00PM
Mondial Ventures, Inc. Announces Future Drilling Plans For New Wells On The J.B. Tubb Leasehold Estate In Ward County, Texas
Print
Alert
Mondial Ventures, Inc. (QB) (USOTC:MNVN)
Intraday Stock Chart
Today : Monday 8 April 2013
Click Here for more Mondial Ventures, Inc. (QB) Charts.
SCOTTSDALE, Ariz., April 8, 2013 /PRNewswire/ -- Mondial Ventures, Inc. (OTCQB: MNVN) an emerging oil and gas exploration, production and development company with concentration in the Permian Basin West Texas, announced today future drilling plans for the first of at least three new well locations on the J.B. Tubb Leasehold Estate located in Ward County, Texas. Mondial Ventures, Inc. initially owns 37.5 percent of the working interest and a 28.125 percent net revenue interest.
The Company earlier announced plans to drill its first deep well are now being updated and expected to commence early this summer. Plans include first targeting the Ellenburger formation on the Company's J.B. Tubb Leasehold Estate at approximately 8,300' foot depth, with a CAPEX requirement now set at approximately $1.6 million.
These plans are included for proposed development of the Company's South 40 Participation Agreement with its working interest partners, and based on recommendations by independent Certified Geologist. As previously reported, Mondial plans to drill up to three more wells on the South 40 location via its option rights Participation Agreement. First objective is to drill the Ellenburger well on the South 40, and Geologically updip location. The Crawar Field that the J.B. Tubb Leasehold Estate has multiple producing horizons. According to Geologists, the Ellenburger formation sits along a fault plane increasing viability noted below 6,200' and viable at approximately 8,300' -8,400' feet. The second and third target well locations are in the Waddel formation to 7,700-7,900' foot depth, and for the Wolfcamp formation at approximately 6,200' foot depth, respectively with additional CAPEX requirement of approximately 2.6 million.
"Both prospect wells are supported by solid well control and are targeting a minimum of 40,000 to 50,000 barrels of oil equivalent (BOE) recoverable per well, net to our interest," said Jeru Morgan, the Company's Operator and Partner, and President of Success Oil Co., Inc. "Each well should have at least 3-5 potentially productive zones, substantially increasing the likelihood of achieving a commercially producing well."
Dennis Alexander, Mondials CEO stated, "We believe our business plan is fully consistent with our earlier announcements, and moving ahead we are focusing exclusively on financing and our drilling and development plans. Our goal is to build a dynamic portfolio of oil and natural gas programs that range from seismic-supported exploration projects, to drilling locations with proved reserves, to fully producing properties."
About Mondial Ventures Inc.
Mondial Ventures, Inc. is Oil and Gas Producer engaged in the acquisition of Oil and Gas properties and assets that can be developed into revenue producing assets. The Company has put an emphasis on acquiring existing Oil fields with proven reserves or by the rehabilitation of oilfields with potentially high throughput. The Company's goal through their successful operators utilize the latest technologies and equipment with the goal to bring operating production costs down to 20% in an industry of that averages 35% and up, thus yielding higher margins.
20 % discount is on the second million
if stock jumps to .50cents and stays there
the next million would be covered for .40 cent shares 2.5 million shares
I Think I would want atleast that for putting out 2 million cash
I must say I actually am impressed with the deal
million cash at .25 per for 4 million shares
second million at 20 % discount to average trading price
no converts or anything screw ball just cash for shares
now if you had deep pockets and bought 8 million shares at say .25
what exit price will you want .50 cents a buck?
glta
wondered why it got calm on the BB and the cr@p stopped
Search Member Posts
georgemjunge2011
iHub Info
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Suspended Until 04/07/2013 11:46:41 AM
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Efir shareholders hope it goes to 2.00
here is what it does for efir shareholders
mnvn @ 2 bucks would = efir share if R/S $6.40 per share
if no rs then .0016 per share
glta
post from Jan
Here is a thought for all to ponder?
so after R/S we go to .40 cents per share
and about 5 million float
now what we might see is a reflection of the following in building shareholder value
efir owns 14,000,000 shares of mondial ventures
(small float no real debt)
trading average last while say .30 cents
that means for every .40 cent share of efir
that one share owns almost 3 shares = of mondial ventures
if it does not go up in value at all
your efir share should be valued at .40 cents plus 3 mnvn shares @ .30 cents per share =.90 cents plus the .40 = value per efir new share = 1.30 regardless of oil pumping
and if oil flows for either then both above values go higher
I think.... Mr Alexander is done screwing around and ready for some shareholder value.
remember most of the stock is owned by him and all his family and friends and his lawyer ...homerun means a happy bunch
I am feeling ok on my efir investment going forward
soon to have a market again as well
glta
anyone remember my post from Jan
Here it is and about to happen imo
glta longs
Here is a thought for all to ponder?
so after R/S we go to .40 cents per share
and about 5 million float
now what we might see is a reflection of the following in building shareholder value
efir owns 14,000,000 shares of mondial ventures
(small float no real debt)
trading average last while say .30 cents
that means for every .40 cent share of efir
that one share owns almost 3 shares = of mondial ventures
if it does not go up in value at all
your efir share should be valued at .40 cents plus 3 mnvn shares @ .30 cents per share =.90 cents plus the .40 = value per efir new share = 1.30 regardless of oil pumping
and if oil flows for either then both above values go higher
I think.... Mr Alexander is done screwing around and ready for some shareholder value.
remember most of the stock is owned by him and all his family and friends and his lawyer ...homerun means a happy bunch
I am feeling ok on my efir investment going forward
soon to have a market again as well
glta
EFIR OWNS about 25% OF MNVN
or 14 million shares
On July 31, 2012, the Company sold off half of its interest in the J.B. Tubb lease. The interest sold is a 37.5% working interest and 28.125% net revenue interest in the 3 wells in the North 40 acres and 37.5% interest of the equipment. In exchange for the transfer of these interests to Mondial Ventures, Inc., the Company received 14,000,000 common shares of Mondial Ventures, Inc. and debt relief of $450,000. Mondial Ventures, Inc. is a related party. After the transaction, the Company’s interest in Mondial Ventures, Inc. is 25% based on the number of shares of common stock owned by the Company. This interest is accounted for under the equity method. The cost basis of the oil and gas assets sold was $314,111. Due to the fact that the cost basis of the assets sold was less than the value of the consideration received, the remaining $135,889 gain was recorded to additional paid in capital. As a result, the investment in Mondial Ventures, Inc. is recorded at $0 and since it incurred losses for the period ended September 30, 2012, the cost basis was not adjusted for these losses
EFIR OWNS about 25% OF MNVN
or 14 million shares
On July 31, 2012, the Company sold off half of its interest in the J.B. Tubb lease. The interest sold is a 37.5% working interest and 28.125% net revenue interest in the 3 wells in the North 40 acres and 37.5% interest of the equipment. In exchange for the transfer of these interests to Mondial Ventures, Inc., the Company received 14,000,000 common shares of Mondial Ventures, Inc. and debt relief of $450,000. Mondial Ventures, Inc. is a related party. After the transaction, the Company’s interest in Mondial Ventures, Inc. is 25% based on the number of shares of common stock owned by the Company. This interest is accounted for under the equity method. The cost basis of the oil and gas assets sold was $314,111. Due to the fact that the cost basis of the assets sold was less than the value of the consideration received, the remaining $135,889 gain was recorded to additional paid in capital. As a result, the investment in Mondial Ventures, Inc. is recorded at $0 and since it incurred losses for the period ended September 30, 2012, the cost basis was not adjusted for these losses
Agree on the shorts !
who knows what news will do to the price ?
But only 1 direction from here .....up....
glta
efir owns 14 million shares of mnvn
financing at .25 cents
places efir value on shares it holds of mnvn at 3.5 million bucks
efir is getting ready to go
partner just raised some serious cash
glta longs that have waited so long
Mondial Ventures, Inc. To Receive Up To USD 2,000,000 Private Placement To Advance Oil And Gas Acquisition And Development Strategy
2013-04-05 17:44 ET - News Release
SCOTTSDALE, Ariz., April 5, 2013 /PRNewswire/ -- Mondial Ventures Inc. (OTC Bulletin Board: MNVN) reported today that the Company has agreed to a terms for a USD 1,000,000 private placement with a option for a second USD 1,000,000 from a European based private equity group. The proceeds are to be used for advancing the Company's Oil and Gas acquisition and development strategy.
Under the terms of the private placement the Company will issue 4,000,000 common shares at 0.25 per share with a option to participate and a second USD 1,000,000 priced at a 20% discount to market based on the last 5 days closing price. The funds will be advanced in stages as the Company finalizes and implements agreements and contracts that are to be approved by the funder.
"We appreciate the support and confidence in Mondial shown by the European based private equity group with its $1.0 million private placement and follow on $1.0 million option," said Dennis R Alexander, CEO of Mondial, in a statement. "The group delivers a financing solution that provides us with the additional liquidity we need to execute our business plan and meet the strong and growing demand for oil and natural gas drilling and development programs."
Key agreements and contracts will be announced when approved and funded for implementation.
About Mondial Ventures Inc.
Mondial Ventures, Inc. is Oil and Gas Producer engaged in the acquisition of Oil and Gas properties and assets that can be developed into revenue producing assets. The Company has put an emphasis on acquiring existing Oil fields with proven reserves or by the rehabilitation of oilfields with potentially high throughput. The Company's goal through their successful operators utilize the latest technologies and equipment with the goal to bring operating production costs down to 20% in an industry of that averages 35% and up, thus yielding higher margins.
maybe these things are starting to take place
they are cleaning up all filings on thursday
glta
Plans for 2013:
EGPI in conjunction with Mondial Ventures, Inc. anticipates raising approximately $1.6 million in Capital Expenditures ("CAPEX"), for the drilling of an Ellenburger Well to a depth of 8,300 ft. on a turnkey basis. The well is located on the South 40 acreage of the J.B. Tubb Leasehold Estate. Public Records reveal an average production rate of 240 barrels of oil per day for Ellenburger wells on properties adjacent to the South 40 acreage that are currently owned by Chevron, BP and McCulloch Oil Corp.
EGPI is currently working with third party financing groups to underwrite in excess of 20 million dollars of its CAPEX requirements.
EGPI is currently developing a restructuring program for future market presence.
EGPI is in final review and negotiations for several thousand acres of potential oil and gas development leases in its core area of West Central Texas.
Dennis Alexander, EGPI's CEO, stated, "We believe the various business synergies created during year 2012 along with the vital clean up and restructuring of past operations, along with a renewed oil and gas focus, will fuel a baseline for our potential growth in the development of oil & gas wells, revenues, and related opportunities." He also stated, "We look forward to renewing our market presence in 2013 while increasing much needed shareholder value to our Company."
not sure...
but happy to have Morgan Stanley involved with efir
I like this part
we may get some big players involved?
Morgan Stanley Institutional Fund, Inc.
522 Fifth Avenue
New York, New York 10036
(i) Aggregate sale price of securities sold during the fiscal year pursuant to section 24(f):
2,460,923,019
hey we have filings something is going on
anyone tell what this one means
glta longs
MORGAN STANLEY FUND ???
something fun ahead?
Source : Edgar (US Regulatory)
Stock : Egpi Firecreek, Inc. (QB) (EFIR)
Quote : 0.0001 0.0 (0.00%) @ 5:32AM
Registration of Securities by Certain Investment Companies. Declaration of Election Rule 24f-2 Notice (24f-2nt)
Print
Alert
1. Name and address of issuer
Morgan Stanley Institutional Fund, Inc.
522 Fifth Avenue
New York, New York 10036
2. The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series and classes of securities of the issuer, check the box but do not list series or classes):
x
3a. Investment Company Act File Number:
811-05624
3b. Securities Act File Number:
33-23166
4a. Last day of fiscal year for which this Form
is filed:
December 31, 2012
4b. [] Check box if this Form is being filed late
(i.e., more than 90 calendar days after the
end of the issuer's fiscal year). (See Instruction A.2)
Note: If the Form is being filed late,
interest must be paid on the registration fee due.
4c. [] Check box if this is the last time the issuer will be filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year pursuant to section 24(f):
2,460,923,019
(ii) Aggregate price of securities redeemed or repurchased during the fiscal year: 3,035,339,232
(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year ending no earlier than October 11, 1995 that were not previously used to reduce registration fees payable to the Commission: 2,451,690,817
(iv) Total available redemption credits
[add items 5(ii) and 5(iii)]: (5,487,030,049)
(v) Net sales -- if item 5(i) is greater than item 5(iv) [subtract item 5(iv) from item 5(i)]:
0
(vi) Redemption credits available for use in future years - if item 5(i) is less than item 5(iv)
[subtract item 5(iv) from item 5(i)]: (3,026,107,030)
(vii) Multiplier for determining registration fee (See Instruction C.9): .00013640
(viii) Registration fee due [multiply item 5(v) by item 5(vii)] (enter "0" if no fee is due):
0.00
6. Prepaid Shares:
If the response to Item 5(i) was determined by deducting an amount of securities that were registered under the Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then report the amount of securities
(number of shares or shares or other units)
deducted here: . If there is a number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number here: .
7. Interest due -- if this Form is being filed more than 90 days after the end of the issuer's fiscal year (see Instruction D):
0.00
8. Total of the amount of registration fee due plus any interest due [line 5(viii) plus line 7]:
0.00
9. Date the registration fee and any interest payment was sent to the Commission's lockbox depository:
Method of Delivery:
[] Wire Transfer
[] Mail or other means
SIGNATURES
This report has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated. By (Signature and Title)*
/s/ Frank Smith
Frank Smith
Treasurer
Date "March 28,2013"
*Please print the name and title of the signing officer below the line
me as well!
Thanks for being honest !!
I will leave you be now
I lost a sh!t load on this back when they were buying all the teck companys too.
I should of know better!
But what I have left I would like recoup some of the losses
I think Dennis has learned his lesson on screwing the shareholders
you are nothing with out loyal shareholders
no matter how much oil
I will say I have better faith in the oil business
and believe he has to want to build a good company
with a healthy share price he owns a lot of shares as well as his family and friends
and no bid to many shares out and the bs can not be fun for efir or dennis
thinking they will do things a little different from the past
I could be wrong and if I am then no more dennis or efir period.
but I have a feeling something big is coming thats why I have stayed and added (no pump just a feeling)
everyone wants to right the ship!
glta
is that what you did george?
lots of posts about 0 volume
103 million today and not so much chatter
now it must be a email pump and dump????
cmon!!!!
i guess we will find out
That's not what I think
but to each there own!
The bashers are controlling posts and working very hard
to discourage any investors
There must be a reason ....NO....
bashers are getting nervous !!!!!
go efir
george owns no shares of efir
is mod of this board and deletes all post that challenge him
owns NO SHARERS
why is he here??
George
Dennis must have got you good !!!
this is now your full time job ?
going on a year bashing his 2 companies without a break
many many posts daily
please disclose your interest ?
you do not own shares in either company
but have spent 100's of hours bashing them
is someone paying you?
George
Dennis must have got you good !!!
this is now your full time job ?
going on a year bashing his 2 companies without a break
many many posts daily
please disclose your interest ?
you do not own shares in either company
but have spent 100's of hours bashing them
is someone paying you?
time to get a life
glta
have they george
or are you deleting their posts
like you are deleting mine
get a life
what will you do if the stock goes up?
cause your sure working hard to keep it down
ain't working at mnvn is it ?