"Stepped back, took a look, saw a pimple on an elephants arse....just saying."
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We need to see an increase in the PCFG selling volume here, there is NO support. All the rubbish has not been flushed out yet. Hit the button! Especially if you are one of the "all in" crowd, now is the time to do it and save some $$.
Yes, tomorrow is a big day, a big day for a very big drop.
Every day should see a new 52 week low and when this Q crappy results come out it should take a plunge off a cliff. .004 is to high.
Gold tanking to $1000 is going to add fuel to your loss. Sell now!
Sell Sell Sell! PCFG is never going to fix their water problem. Just like their other failed gold mine. Sell now or regret it later. They are way over their heads in this one. Millions of dollars wasted over the past eight years.
Sell now or you will be selling at sub half a penny. Mark it.
IMO
In my opinion without any news we see sub .01 later today or on Monday.
Happy weekend all!
http://ih.advfn.com/p.php?pid=nmona&article=52378180
Wireless Age Outsources CR40 & CRF40 Manufacturing
Print
Alert
Wireless Age Communs (PL) (USOTC:WLSA)
Intraday Stock Chart
Today : Friday 11 May 2012
John G. Simmonds, Chairman & CEO of Wireless Age Communications Inc. ("WLSA") (PINKSHEETS:WLSA), operating as Vertility Technology Corporation ("Vertility") (www.vertilitytechnology.com), announced today that is has entered into a contract with Covenant Industries, ("Covenant") to process tires collected by Covenant into CR40 & CRF40.
Covenant, located in Waterford, Ontario has been in the business of recycling tires for over 2 years. They have a consistent supply of tires and have committed to producing CR40a60/0 exclusively for Vertility Technology.
Initially, Covenant can supply up to 2 tons per day. We expect with additional equipment and expanded facilities this amount can increase to 10 tons per day by the third quarter. The testing is now complete and the product is ready for processing and commitments have been received for large quantities.
John Simmonds stated, "We now have concluded the transaction to acquire the rights to the crumb from Clair Shoemaker and his Group for cash and shares and are very excited about the potential of the product. In addition to Oil Spill Recovery, we have discovered other significant uses for both crumb and fibre and are pursuing these opportunities with several potential customers."
Vertility Technology Corporation is a public company focused on acquiring and expanding companies providing end-to-end life cycle solutions for waste and energy efficient products and services for residential, commercial and industrial end users.
This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Int.'s SEC filings.
Contacts:
Wireless Age Communications Inc.
Mr. John G. Simmonds
Chairman, President and Chief Executive Officer
Broken on not? TIA
Personally I would just prefer to stick a cow prod up the rear end....
Someone please check this dogs pulse or call the ambulance or get it to the ER or something......
Yep, and I did it with a migraine and did not take my meds either which lead to a very interesting day......
DeeThree Announces Alberta Bakken Update and First Quarter Results Very Nice.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
DeeThree Exploration Ltd. ("DeeThree" or the "Company") (TSX:DTX) (OTCQX:DTHRF)
is pleased to announce an update on its 2012 Alberta Bakken and Brazeau Belly
River drilling program and its financial and operational results for the three
months ended March 31, 2012 as follows.
OPERATIONAL UPDATE
Alberta Bakken
Production test results and additional data from the first four Alberta Bakken
wells (100% working interest) drilled by DeeThree in 2012 are provided in the
following table. The production test results from the recently completed third
and fourth wells exceeded expectations averaging 940 bbls/d and 960 bbls/d of
oil after a 10 day and 5 day test respectively.
----------------------------------------------------------------------------
Average End of Current
Test Rate Test Rate IP 30 IP 60 Rate Oil
Well (bbl/d (bbl/d (bbl/d (bbl/d (bbl/d Cumulative
Identification oil) (1) oil) (1) oil) oil) oil) (bbls)
----------------------------------------------------------------------------
Location #1 765 550 415 370 240 25,000
(4 day) (70 days)
----------------------------------------------------------------------------
Location #2 957 800 N/A N/A 385 12,700
(6 day) (22 days)
----------------------------------------------------------------------------
Location #3 940 620 N/A N/A N/A 9,800
(10 day) (10 days)
----------------------------------------------------------------------------
Location #4 960 650 N/A N/A N/A 5,400
(5 day) (5 days)
----------------------------------------------------------------------------
(1) Test rates are not necessarily indicative of long-term performance or of
ultimate recovery.
DeeThree continues to augment its Alberta Bakken program with modifications to
the horizontal well lengths and fracing dynamics. Overall, the Company is very
pleased with the continuity of the sand being targeted. Continuous improvement
in the flow rates to date has resulted in IP30 and IP60 production results
exceeding type curve expectations. The Company currently has two drilling rigs
in the area with two additional Alberta Bakken wells anticipated to be completed
and tested prior to the end of the second quarter.
The Company has continued to expand its 100% owned oil infrastructure to
accommodate anticipated future production volumes. The oil battery has been
expanded and pipeline infrastructure has also been constructed to the Company's
recently drilled wells to accommodate year round production. DeeThree is in the
process of procuring and installing CO2 removal facilities to process additional
solution gas volumes which should be completed by the end of the third quarter.
Lethbridge Commitment Agreement
DeeThree is pleased to announce that it has extended the primary lease term on
its Lethbridge property. The primary lease term has been extended for an
additional two years to November 30, 2015. In exchange for the lease extension,
the Company has surrendered approximately 50,000 acres while still retaining
approximately 180,000 acres of what it feels is the most prospective acreage for
Bakken reserves. Also as part of this extension, and in place of the twenty well
commitment related to the April 13, 2010 agreement, the Company now has a
commitment to drill 12 wells over the three-year period (five wells in each of
2012 and 2013 and two wells in 2014), with six of these commitment wells having
been drilled to date.
Brazeau Belly River
In addition to the 3 (2.9 net) wells drilled in the first quarter of 2012, the
Company has continued to drill through the second quarter on its Brazeau Belly
River oil play. It is currently drilling the second well of the quarter with one
additional well to be drilled prior to the end of June. All three of these wells
will be completed as soon as weather permits.
Corporate Summary
The Company's production over the past two weeks has averaged 3,750 boe/d, not
including flow rates from the two most recently completed Bakken wells described
in the table above. The Company expects as many as 4.0 gross (4.0 net)
additional Bakken wells and 3.0 gross (2.9 net) additional Belly River wells to
be on production by the end of the second quarter.
2012 FIRST QUARTER FINANCIAL AND OPERATIONAL HIGHLIGHTS
DeeThree's first quarter of 2012 was significant with record average production
of 3,042 boe/d being achieved as well as our busiest quarter operationally in
Company history. Highlights for the period include the following:
-- Achieved record production of 3,042 boe/d, resulting in a year over year
increase of 327 percent and a 27 percent increase over the last quarter
of 2011;
-- Increased oil and NGL production by 43 percent over the previous quarter
to 1,599 bbls/d compared to 1,118 bbls/d;
-- Recorded $5.7 million in funds from operations, respectively a 40
percent and 789 percent increase over the fourth and first quarters of
2011;
-- Funds from operations on a per share basis increased to $0.09, up 50 and
550 percent respectively from the fourth and first quarters of 2011;
-- Invested $36.7 million in capital expenditures which included the
drilling of 10 (9.1 net) wells;
-- Closed a $16.0 million dollar (net of expenses) flow-through financing
at a flow through share price of $4.50/share; and
-- Completed the annual credit review in April 2012 which resulted in the
Company's bankers increasing DeeThree's borrowing base to $60 million
from $50 million.
Financial and operational highlights for the quarter ended March 31, 2012
with comparative data for the same period of 2011 are as follows.
----------------------------------------------------------------------------
Three Months Ended March 31, 2012 2011 Change
----------------------------------------------------------------------------
(000s, except per share
amounts) ($) ($) (%)
Financial
Oil and natural gas revenues 14,277 1,969 625
Funds from (used in)
operations(1) 5,741 (833) 789
Per share - basic and
diluted(1) 0.09 (0.02) 550
Cash flow from (used in)
operating activities 4,064 (4,863) 184
Net loss (3,199) (1,991) (61)
Per share - basic and diluted (0.05) (0.05) --
Capital expenditures(2) 36,715 129,529 (72)
Working capital(3) (30,898) 20,659 (250)
Shareholders' equity 178,732 175,423 2
----------------------------------------------------------------------------
(000s) (#) (#) (%)
Share Data
At period-end 66,986 62,752 7
Weighted average - basic and
diluted 63,321 36,294 74
----------------------------------------------------------------------------
(%)
Operating(4)
Production
Natural gas (mcf/d) 8,657 3,744 131
Crude oil (bbls/d) 1,316 71 1,754
NGLs (bbls/d) 283 18 1,472
Total (boe/d) 3,042 713 327
Average wellhead prices
Natural gas ($/mcf) 2.17 3.77 (42)
Crude oil and NGLs ($/bbl) 85.48 86.98 (2)
Total ($/boe) 51.58 30.68 68
Netbacks
Operating netback ($/boe) 24.59 14.92 65
Funds flow netback ($/boe) 20.64 (12.99) 259
Gross (net) wells drilled
Gas (#) -- (--) -- (--) --
Oil (#) 8 (7.1) 2 (2.0) 300 (255)
Standing (#) 2 (2.0) -- (--) --
Dry and abandoned (#) -- (--) -- (--) --
----------------------------------------------------------------------------
Total (#) 10 (9.1) 2 (2.0) 400 (355)
Average working interest (%) 91 100 (9)
----------------------------------------------------------------------------
(1) Funds from (used in) operations, funds from (used in) operations per
share and funds flow netback are not recognized measures under
International Financial Reporting Standards ("IFRS"). Refer to the
commentary under the heading "Non-IFRS Measurements" for further
discussion.
(2) Total capital expenditures, including acquisitions and excluding non-
cash transactions. Refer to the commentary in the Corporation's
Management's Discussion and Analysis for the interim period ended March
31, 2012 (the "MD&A") under the heading "Capital Expenditures and
Acquisitions" for further information.
(3) Current assets less current liabilities, excluding current derivative
financial instruments.
(4) For a description of the boe conversion ratio, refer to the commentary
in the MD&A under the heading "Other Measurements".
Reader Advisory
Forward-Looking Statements. Certain statements contained in this press release
may constitute forward-looking statements. These statements relate to future
events or the DeeThree's future performance. All statements other than
statements of historical fact may be forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will",
"project", "predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. DeeThree believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
included in this press release should not be unduly relied upon by investors.
These statements speak only as of the date of this press release and are
expressly qualified, in their entirety, by this cautionary statement.
In particular, this press release contains forward-looking statements,
pertaining to the following: projections of market prices and costs, supply and
demand for oil and natural gas, the quantity of reserves, oil and natural gas
production levels, capital expenditure programs, treatment under governmental
regulatory and taxation regimes, expectations regarding DeeThree's ability to
raise capital and to continually add to reserves through acquisitions and
development, and projections of market prices and costs.
With respect to forward-looking statements contained in this press release,
DeeThree has made assumptions regarding, among other things: the legislative and
regulatory environments of the jurisdictions where DeeThree carries on business
or has operations, the impact of increasing competition, and DeeThree's ability
to obtain additional financing on satisfactory terms.
DeeThree's actual results could differ materially from those anticipated in
these forward-looking statements as a result of risk factors that may include,
but are not limited to: volatility in the market prices for oil and natural gas;
uncertainties associated with estimating reserves; uncertainties associated with
DeeThree's ability to obtain additional financing on satisfactory terms;
geological, technical, drilling and processing problems; liabilities and risks,
including environmental liabilities and risks, inherent in oil and natural gas
operations; incorrect assessments of the value of acquisitions; competition for,
among other things, capital, acquisitions of reserves, undeveloped lands and
skilled personnel.
This forward-looking information represents DeeThree's views as of the date of
this document and such information should not be relied upon as representing its
views as of any date subsequent to the date of this document. DeeThree has
attempted to identify important factors that could cause actual results,
performance or achievements to vary from those current expectations or estimates
expressed or implied by the forward-looking information. However, there may be
other factors that cause results, performance or achievements not to be as
expected or estimated and that could cause actual results, performance or
achievements to differ materially from current expectations. There can be no
assurance that forward-looking information will prove to be accurate, as results
and future events could differ materially from those expected or estimated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking information. . Except as required by law, the Company undertakes
no obligation to publicly update or revise any forward-looking statements.
Non-IFRS Measurements. This news release contains the terms "funds from other
operations" and "funds from operations per share", which should not be
considered an alternative to or more meaningful than cash flow from operating
activities as determined in accordance with IFRS or previous GAAP. These terms
do not have any standardized meaning as prescribed by IFRS or previous GAAP.
DeeThree's determination of funds from operations and funds from operations per
share may not be comparable to that reported by other companies. Management uses
funds from operations to analyze operating performance and leverage, and
considers funds from operations to be a key measure as it demonstrates the
Company's ability to generate cash necessary to fund future capital investments
and to repay debt. Funds from operations is calculated using cash flow from
operating activities as presented in the statement of cash flows before changes
in non-cash working capital and settlement of retirement costs. DeeThree
presents funds from operations per share whereby per share amounts are
calculated using weighted average shares outstanding consistent with the
calculation of earnings per share.
BOE Presentation. References herein to "boe" mean barrels of oil equivalent
derived by converting gas to oil in the ratio of six thousand cubic feet (Mcf)
of gas to one barrel (bbl) of oil. Boe may be misleading, particularly if used
in isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy
conversion method primarily applicable at the burner tip and does not represent
a value equivalency at the wellhead.
This new release shall not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction.
We seek Safe Harbor.
Simple, it was going up proir to that so I was pumping it. It is tanking now so I want it to tank more. Everyone does it, Buffet did it to gold yesterday.
For crying out aloud, I have been trading mining stocks in some form or manner since 1983, I understand that and I have stuck with gold companies through longer periods but in this case there has been really only one major problem and that is the water issues on this site. They are only now getting engineers involved in this. What does that tell you? Six years and counting to try and solve the same problem? Watch for the next excuse in the next PR.
And they are still not "truly" mining...!
Does the tone of this PR sound familiar from about six years ago in the current PR's?
Testing of the screening plant at the Black Rock Canyon Mine in Crescent Valley has been ongoing. As a result of the testing period it has been determined that some alterations to the plant were necessary. The Company has decided to add some additional components to the dewatering system, which have now been assembled. The Company also upgraded the motors on two conveyors that will help speed up the rate of feed to the plant.
Ok, they have been trying to mine for almost a decade now.....
Producing ha ha ha.......... How many ounces now?
Read the following links and tell me that "same old chit, different day" does not apply.
Does this still sound familiar today? six years ago.
PCFG Updates Mill Testing and Modifications
http://ih.advfn.com/p.php?pid=nmona&article=14855279
Or does this, eight years ago?
Pacific Gold Corp. Announces the Commencement of Production at Defiance Mine
http://ih.advfn.com/p.php?pid=nmona&article=8554524
Sure, take that chart and chop in in half.
go back to the PR's (years ago PR's) and you tell me how many times they announced "truly" beining in production.
has truly ownly been in real production for 9 months now.
VPER, everyone should know how to play this one now. Up 16% on news on good volume
I have done about three thousand scuba dives in my life, probably a lot more. You are right, I have seen just how fast a barracuda can move...or a shark. The one on my profile was just yawning.
GRPR more news.
Grid Petroleum Reports On Development Plan Of Unconventional Shale, Results Of Partners Meeting
Grid Petroleum Reports On Development Plan Of Unconventional Shale, Results Of Partners Meeting
Print
Alert
Grid Petroleum Corp (OTCBB:GRPR)
Intraday Stock Chart
Today : Monday 7 May 2012
Grid Petroleum Corporation (OTC.BB: GRPR.OB) ("The Company") is pleased to announce the following points of information and development which are the results of a Kreyenhagen Trend Partners meeting held in April of 2012.
Solimar Energy Limited as operator has been active on the Kreyenhagen Trend Prospect:
All Kreyenhagen Trend leases have been renewed with the first lease requiring payment at end of 2012 - Approximately $10,000 of lease payments will be due from Grid petroleum Corp in October 2012 as per the 2nd settlement agreement negotiated last fall.
According to the terms of the 2nd settlement agreement, Grid Petroleum Corp is carried for all lease payment expenses through September 1 of 2012. Several of the leases required renewal during the last quarter of 2011 and the first quarter of 2012. Pursuant to the terms of the January 20, 2011 Asset transfer agreement and to the November 21, 2011 amendments of the January agreement, the company has a carry of all lease payments during this period. Several of the mineral rights owners required 2 years of pre payment lease payments with one mineral rights owner requiring 3 years of pre payments to extend. Grid Petroleum Corp was carried by Solimar Energy Limited for these lease extensions.
DRILL SITE SELECTION KREYENHAGEN TREND :
6 wells have been submitted to the State of California for permitting.
Bawden 1-24 – The well that Grid Petroleum Corp has a Carried Interest or Farm-in well where Grid Petroleum Corp will not have any expenses and is carried 100%. Target Zone: Temblor Test
Vintage 1-17 - Temblor Test
Vintage 1-21 - Temblor Test
Den Hartog A-1 - Avenal Test
Den Hartog A-2 - Avenal Test
Den Hartog A-3 - Avenal Test
PERMITTING PROCESS REQUIREMENTS:
Each Drilling permit requires a Blunt Nose Lizard "study" to be conducted once in the spring, which is currently underway by an outside service, and once again in the Fall. After the study is finalized the drilling permits can be issued and the drilling process will start. The partners are Planning a late fall window to spud the Bawden 1-24. (Last Quarter of 2012).
The Geological study was conducted on the Kreyenhagen Trend as well as the Kreyenhagen Ranch. Grid Petroleum Corp. will be provided with the information specific to the Trend acreage. This information will speak specifically to the well selection of the 6 wells listed above. Grid Petroleum Corp will not be charged for any expense of the study as it falls under the management of the 2nd Settlement Agreement.
Solimar Energy is in the process of providing the finished survey to Grid Petroleum Corp imminently.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
Contact: Parkside Communications Inc. Phone: 1-877-798-4165 Info@ParksideCommunications.comwww.ParksideCommunications.com www.gridpetroleum.com
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
SOURCE Grid Petroleum Corporation
Grid Petroleum Reports On Development Plan Of Unconventional Shale, Results Of Partners Meeting
Grid Petroleum Reports On Development Plan Of Unconventional Shale, Results Of Partners Meeting
Print
Alert
Grid Petroleum Corp (OTCBB:GRPR)
Intraday Stock Chart
Today : Monday 7 May 2012
Grid Petroleum Corporation (OTC.BB: GRPR.OB) ("The Company") is pleased to announce the following points of information and development which are the results of a Kreyenhagen Trend Partners meeting held in April of 2012.
Solimar Energy Limited as operator has been active on the Kreyenhagen Trend Prospect:
All Kreyenhagen Trend leases have been renewed with the first lease requiring payment at end of 2012 - Approximately $10,000 of lease payments will be due from Grid petroleum Corp in October 2012 as per the 2nd settlement agreement negotiated last fall.
According to the terms of the 2nd settlement agreement, Grid Petroleum Corp is carried for all lease payment expenses through September 1 of 2012. Several of the leases required renewal during the last quarter of 2011 and the first quarter of 2012. Pursuant to the terms of the January 20, 2011 Asset transfer agreement and to the November 21, 2011 amendments of the January agreement, the company has a carry of all lease payments during this period. Several of the mineral rights owners required 2 years of pre payment lease payments with one mineral rights owner requiring 3 years of pre payments to extend. Grid Petroleum Corp was carried by Solimar Energy Limited for these lease extensions.
DRILL SITE SELECTION KREYENHAGEN TREND :
6 wells have been submitted to the State of California for permitting.
Bawden 1-24 – The well that Grid Petroleum Corp has a Carried Interest or Farm-in well where Grid Petroleum Corp will not have any expenses and is carried 100%. Target Zone: Temblor Test
Vintage 1-17 - Temblor Test
Vintage 1-21 - Temblor Test
Den Hartog A-1 - Avenal Test
Den Hartog A-2 - Avenal Test
Den Hartog A-3 - Avenal Test
PERMITTING PROCESS REQUIREMENTS:
Each Drilling permit requires a Blunt Nose Lizard "study" to be conducted once in the spring, which is currently underway by an outside service, and once again in the Fall. After the study is finalized the drilling permits can be issued and the drilling process will start. The partners are Planning a late fall window to spud the Bawden 1-24. (Last Quarter of 2012).
The Geological study was conducted on the Kreyenhagen Trend as well as the Kreyenhagen Ranch. Grid Petroleum Corp. will be provided with the information specific to the Trend acreage. This information will speak specifically to the well selection of the 6 wells listed above. Grid Petroleum Corp will not be charged for any expense of the study as it falls under the management of the 2nd Settlement Agreement.
Solimar Energy is in the process of providing the finished survey to Grid Petroleum Corp imminently.
Grid Petroleum Corp. is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.
Contact: Parkside Communications Inc. Phone: 1-877-798-4165 Info@ParksideCommunications.comwww.ParksideCommunications.com www.gridpetroleum.com
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
SOURCE Grid Petroleum Corporation
It is level II. Go to this ihub educational link, they tell you exactly how to read and use it.
http://learn.advfn.com/index.php?title=Level_II
Yep, that was part of my thinking, they are very subdued lately.
Just looks like someone is manipulating it lower, to scare out some shares. Not to difficult, even for a small trader on such a low volume stock.
Something good should come out of the sun dance stuff one would hope.
We are all screwed!
Someone wants this much lower. Price action indicating their might be delays or glitches. Someone always knows and will use it to their advantage (lots of big names been thrown around here). Getting some more at my original price would be quiet sweet.
Hoping for the news momentum to build, hopefully the next couple of weeks. Got a position, not big, in the green. Waiting for volume.
Someone wants this much lower. New kind of trading last couple of days. I am waiting to add to my free shares.
Looks like I am going to average down below .10.......