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I wonder how many rigs they're talking about. $7,000,000 X ?.
This should be big!
http://biz.yahoo.com/prnews/060607/daw032.html?.v=60
Tomorrow should be very interesting for both BESV and CPTC.
CPTC is looking very good. Also, take a look at the chart on BESV and see what ya think. It passed the 50 and 200 day avg. today.
Well, it appears the seller of the past few weeks is gone. Today looked nice.
PERT is an abbreviated symbol that shows up on level II. It represents a market maker.
Garth, you're perceptive in regard to level II. What do you or anyone else think of the way PERT keeps re-appearing on the low offer and apparently hitting the bid as well? Do you think this is a big seller that got some of the real cheap PP shares. It appears they are gradually ridding themselves of part or all of their inventory. Each time it appears we're gonna move up, PERT comes along to knock it back down. The good news is that there seems to be buyers more than willing to accumulate in the low .60s, including me. If we can take PERT out for good I believe we will move up nicely. It may take news to clear him out. We'll move up in due time, though, IMO.
FCCN has been a huge dissapointment up to this point. I'm still holding a good amount of shares that I'm down heavy on. Last time I called the company and talked to the CEO, he didn't give me anything to go on. As per today's 8K, he has now resigned as CEO, but will stay on as a consultant. I heard one rumor that CEAT was going to take FCCN over. If that happens, we'll hold a lot less shares on the exchange, but might have a chance to do OK down the line. Who knows at this point what to expect? I have tons more confidence in BESV!
A little more upward movement today. I just picked up a few more. I believe we'll soon see $1.00 again.
I feel like these are bargain prices right now and IMO, we'll be looking at double this price by the end of June, if not before. I've been accumulating more. I watched another stock of mine(CPTC) drop to .75 a few weeks ago and should have loaded up. It's over 1.50 now. I plan to take advantage of this dip on BESV. Good luck to all.
Picked up some more shares at .61 today. Just couldn't pass it up. I'm ready for some upward movement now.
I agree. We should be up a bit tomorrow. Remember, we were over 1.60 at one time when we were not as far along as we are now. We have a time frame now and a cost projection. Above all, we have communication from the company. It also appears that we have very experienced folks working on the rig. I wouldn't think of selling at this price. In fact, I've just bought more.
ETRD seemed to be on the offer most of the day, yesterday. Today they are on the bid. If buyers decide this isn't going to fall anymore, they will jump on and drive this thing up. Of course, that's my opinion. Good news would also be welcome. I think it will come in time. I, for one, never expected perfection on the first trial run. I would think it's normal to have to make adjustments and replace parts after the first try.
Moving up a bit now.
I agree, very puzzling. I thought the stock would bounce and finish, at least in the high .60s.
The PP shares I bought were 2.00. I've bought a ton since then at much lower prices. Good luck. We need good news about the rig.
I've been out, but just got in and took out the .57s with a buy. Great time to buy IMO.
Keep up the good work, Monkey. I like the idea presented in the article.
Thanks, sado. I appreciate today's buying opportunity.
I did take this opportunity to buy more at .75 today. I really didn't expect perfection on the first try with the rig. When everything is adjusted and we have a successful lateral drilling, I see us bursting through $2.00 and going to AMEX. JMO.
Maybe I read that in one of BESV PRs or filings.
I heard once that an AMEX listing might occur around June.
Blast Energy Services Achieves Shakedown of Rig With Initial Field Deployment
Thursday April 20, 4:22 pm ET
HOUSTON, April 20 /PRNewswire-FirstCall/ -- Blast Energy Services (OTC Bulletin Board: BESV - News) is completing its first field test using its new abrasive fluid jetting (AFJ) technology on a well located in Many, Louisiana for Oracle Operating Company. The Blast Rig #1 successfully demonstrated the ability to cut through the steel well casing at approximately 3,000 feet of vertical depth. The Company was also successful in shaking down the major systems of the rig but encountered several items in need of repair and identified others that need design improvements. As a result, an attempt to jet a large bore perforation into the target formation was postponed until after repairs to the hydraulic system and injector head can be made.
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"Achievement of the rig's first job clearly confirms the high potential of our abrasive jetting technology for many kinds of steel and reservoir cutting situations," said David M. Adams, President & Co-CEO of Blast Energy Services, Inc. "The field shakedown process has demonstrated the need to make some equipment repairs and design improvements prior to deploying the rig for full commercial operations."
The majority of the rig's systems worked very well in its first down-hole application, especially the newly-designed, proprietary Formation Access Tool. The Blast Operations team also performed exceptionally well in rigging up the equipment and in operating the abrasive cutting system. Great strides were made in improving operating efficiency and effectiveness of this prototype rig. Conversely, the coil tubing injector head and the hydraulic control systems did not perform at expected industry standards. Improvements to both of these systems will be addressed in a coil tubing fabrication yard, where the Company will obtain an independent evaluation of the rig's major systems. Blast has also identified two main design improvements associated with how the wellhead equipment can be more efficiently rigged up and how we can more effectively deploy the cutting equipment into the well bore. The Company will issue a cost and timing estimate upon completion of the independent rig evaluation. No changes or repairs are planned for the Rig's proprietary equipment.
"While we are very pleased with Blast's state-of-the-art technology, as well as their personnel, we were obviously disappointed at the inability to laterally jet into our target formation during this initial deployment," said Alex McCullough, President of Oracle Operating. "Oracle is eagerly anticipating the re-deployment of the Blast Rig and it is our belief that the AFJ technology will have significant positive results."
The AFJ rig technology is built upon a conventional coiled tubing unit and has a surface working pressure of 20,000 pounds per square inch. It employs a specialized mixing tank and proprietary delivery system to reach working depths of 8,000 feet. Blast Energy and Alberta Energy Partners jointly own the AFJ technology, which has many potential applications within and outside the energy industry. Upon successful deployment and customer acceptance of the services provided by Blast Rig #1, the Company may order construction to commence on as many as three additional rigs. Based upon an average five-day working week, the Company estimates that each rig should generate gross revenues of $6 million per year. With this new technology, Blast is now capable of offering a product line that includes casing milling, large bore and medium reach perforations, lateral jetting, and specialty well completion services such as the use of propants and acid treatments.
About Blast Energy Services, Inc.
Blast Energy Services, Inc. is a publicly traded company based in Houston. Our mission is to substantially improve the economics of existing oil and gas operations through the application of our worldwide licensed and proprietary technologies. Using specially fabricated mobile drilling rigs we intend to operate a commercially viable energy service business, including: specialty casing cutting, perforation, fracturing services and lateral drilling with the potential to penetrate through well casing and into reservoir formations to stimulate oil and gas production. This service should provide oil and gas producers with an attractive, lower cost alternative to existing well stimulation or horizontal drilling services. Additionally, we are providing satellite services to oil and gas producers. This service allows them to monitor and control well head, pipeline or drilling operations through low- cost broadband data and voice services from remote operations where conventional land based communication networks do not exist or are too costly to install. Please visit our website: http://www.blastenergyservices.com .
Safe Harbor Statement
Any statements made in this news release other than those of historical fact, about an action, event or development, are forward looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include risk factors including but not limited to: the ability to raise necessary capital to fund rig construction or growth, adequate liquidity to manage operations and debt obligations, the introduction of new services, commercial acceptance and viability of new services, fluctuations in customer demand and commitments, pricing and competition, reliance upon lenders, contractors and vendors, the ability of Blast Energy Services' customers to pay for our services, together with such other risk factors as may be included in the Company's filings on Form SB-2 and its periodic filings on Form 10-KSB, 10-QSB, and other current reports.
Source: Blast Energy Services, Inc.
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Thanks, Kathy. That' big news!
I believe it would behoove wise investors to take a look at BESV(Blast Energy Services) right now. It has just deployed it's first mobile oil drilling rig with computerized lateral jet drilling technology earlier this week. A positive report could come any day now that might very well catapult BESV in to a double situation in the short term and much more as more rigs are built.
I believe it would behoove wise investors to take a look at BESV(Blast Energy Services) right now. It has just deployed it's first mobile oil drilling rig with computerized lateral jet drilling technology earlier this week. A positive report could come any day now that might very well catapult BESV in to a double situation in the short term and much more as more rigs are built.
I believe it would behoove wise investors to take a look at BESV(Blast Energy Services) right now. It has just deployed it's first mobile oil drilling rig with computerized lateral jet drilling technology earlier this week. A positive report could come any day now that might very well catapult BESV in to a double situation in the short term and much more as more rigs are built.
I believe it would behoove wise investors to take a look at BESV(Blast Energy Services) right now. It has just deployed it's first mobile oil drilling rig with computerized lateral jet drilling technology earlier this week. A positive report could come any day now that might very well catapult BESV in to a double situation in the short term and much more as more rigs are built.
That's great news. I own a bunch.
OK, I'm ready for the press releases. I just bought more at .99.
Thanks, sado.
I understand the rig was to be on location to begin drilling today. Has anyone else heard this?
Yes, that reminds me of BK day when the pps went so low and it was a great opportunity for buying. I look at this as a second chance to load up for the kill.
85000 or so went off in the last 8 minutes and pps up .10! Maybe tomorrow will tell us more.
I have had overall good luck with stockster as I've made good money on 3 stocks they profiled. I have lost on one. I hope 3Dstocks.com has a strong impact on FCCN. I have a boatload of shares that could stand a lift.
Today's news:
Blast Adds Two New Energy Industry Directors
Thursday March 30, 7:30 am ET
HOUSTON, March 30 /PRNewswire-FirstCall/ -- Blast Energy Services (OTC Bulletin Board: BESV - News) today announced the nomination of Scott W. Johnson and Jeffrey R. Pendergraft to the Blast Energy Services board of directors, effective upon shareholder approval. The two new members bring to the board a diverse set of skills and valuable experience in the energy industry.
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"We are delighted that Scott Johnson and Jeff Pendergraft have agreed to join the Blast board of directors," said O. James Woodward III, Chairman of Blast Energy Services. "Their proven financial and strategic experience in the energy business will bring additional industry specific expertise to the board and will supplement our talented group of directors. Strengthening the board will further support our efforts to deploy new technologies by adding to our credibility and visibility with oil and gas producers."
Mr. Johnson has over twenty five years of investment banking experience in the Energy industry -- spanning public and private financings; debt, equity, hybrid and structured securities; corporate restructurings; and acquisitions, divestitures and stock mergers. He is currently co-founder and managing director of Houston-based GasRock Capital, LLC., an energy industry investment firm. He co-founded and became a Managing Director of Weisser, Johnson & Co in 1991 and prior to that he served as Vice President for Goldman, Sachs & Co. Johnson received his MBA from Stanford University and his AB from Harvard College.
Mr. Pendergraft currently serves as Chairman and CEO of HNNG Development, a company focused on commercialization of low BTU natural gas. In addition, he is the founder and principal of the Wind Rose Group, an energy investment and advisory firm. His broad background includes private investments, financings, mergers and acquisitions. He has been recognized for achievements in change management, corporate governance, finance, and legal affairs. Prior to forming Wind Rose in 2001, he served as EVP and Chief Administrative Officer at Lyondell Chemical and prior to that he served as staff counsel for ARCO. Pendergraft received his BA from Stanford University, and his Juris Doctor from Stanford University School of Law.
About Blast Energy Services, Inc.
Blast Energy Services, Inc. is a publicly traded company based in Houston. Our mission is to substantially improve the economics of existing oil and gas operations through the application of our worldwide licensed and proprietary technologies. Using specially fabricated mobile drilling rigs we intend to operate a commercially viable energy service business, including: specialty casing cutting, perforation, fracturing services and lateral drilling with the potential to penetrate through well casing and into reservoir formations to stimulate oil and gas production. This service should provide oil and gas producers with an attractive, lower cost alternative to existing well stimulation or horizontal drilling services. Additionally, we are providing satellite services to oil and gas producers. This service allows them to monitor and control well head, pipeline or drilling operations through low- cost broadband data and voice services from remote operations where conventional land based communication networks do not exist or are too costly to install. Please visit our website: www.blastenergyservices.com .
Safe Harbor Statement
Any statements made in this news release other than those of historical fact, about an action, event or development, are forward looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include risk factors including but not limited to: the ability to raise necessary capital to fund growth, adequate liquidity to manage operations and debt obligations, the introduction of new services, commercial acceptance and viability of new services, fluctuations in customer demand and commitments, pricing and competition, reliance upon lenders, contractors and vendors, the ability of Blast Energy Services' customers to pay for our services, together with such other risk factors as may be included in the Company's filings on Form SB-2 and its periodic filings on Form 10-KSB, 10-QSB, and other current reports.
Source: Blast Energy Services, Inc.
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I bought another good chunk of BESV yesterday. I believe it's at a great price right now to pay rewards in the future.
I do agree that we need news. All companies do. At this stage, CPTC needs news more than most. I will not mind so much if we dip a little more as I will try to prepare myself to buy more.
Sparkee, first of all I did not say this was a positive. It could turn out to be, although generally speaking it would be considered a negative on the surface. Secondly, I merely answered wildbird's question that in the case of the authorized going from 200 mil to 300 mil, that the shareholders would not own extra shares of stock as would be the case in a 3 to 2 forward split(which he mentioned, not me). Also, authorized shares are not part of the O/S unless later mandated. Lastly, BW is not presently the only person on the BOD. In summary, I don't think I said anything that isn't true. Did you read the question from wildbird that I was trying to answer? If you did, I don't see how you can attack my post. He asked if we would get additional shares, such as in a 3 to 2 forward split. I said no. This is not a 3 to 2 forward split that they're proposing. Did you misunderstand me? Have a nice day.
No. It would mean the company has access to additional shares, if approved by the board of directors, to be used for such purposes as acquiring and supporting new financing, employee compensations, and possible acquisitions. These are just possibilities of some uses for the extra shares. Also, authorized does not mean they automactically become part of the outstanding share count. That would only come if approved later by the board. This is my interpetation and we, as shareholders, would not own any additional stock as would be the case in a forward split.