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KEEP YOUR FINGERS CROSSED PEOPLE
Fracing for sills 1 well completed and well 3 of triple play reached total depth
Oil may get back over 100 a barrel soon and with all the activity going on this may attract some attention
you are not missing anything. Until there are production numbers this stock is just going to flip IMO. More will Jump on and hold longer if Production is involved
Well I don't see any good outcome here but I wish you luck in your trading
Things seem to be falling into place. Now all we need is to actually hit lack gold
Major volume and dropping to .0001 seems like we already know and its called DILUTION IMO. If Im wrong all well. But it seems like common sense to me
I think the triple play was 2 oil wells and 1 gas well if Im not mistaken. I have to check again
Production numbers and high oil prices really take oil stocks high. OIl is pretty high at the moment so if we can get high production numbers we are set
Well the flippers will have a hard time chasing if the garcia 3 well is successful. Apparently the northwest Premont field has an estimated 20 million barrel oil reserves. There is enough spacing for more than 50 wells and each well could have up to 100000 to 150000 barrel reserves per well. If they are successful, the flippers can flip all they want but this will go up. We just need adequate production numbers and hopefully the dilution can be minimal
Fracing postponed till August 17 (TODAY)
Im assuming that since they are waiting on a completion rig for the Geobel 1 well that we have 1 out of 3 successful so far and hopefully the 3rd fares the same
they are finished IMO
yup and I have all my original shares as well
time to pull the life support plug
been in since february as well
Im just saying that as a shareholder of a company that is pretending to merge with another company to cover up a grand scheme just doesn't seem honest. Alot of people threw money away on asyi because of the supposed kooltel merger. Personally using a ruse or a lie so potential shareholders lose money seems criminal to me
Also if you look at the last 10q there was at least 10 million shares diluted, not much, but we may be absorbing it now. Until we receive revenue it is the only way for GRPR to carry out its day to day operations. This first well is pretty important
They should have pulled the life support plug long ago on this one LMAO
Im not surprised about the selling at all. The real news will be hitting oil in commercial quantities and that is when there will be more buying. When oil is hit this will take off IMO
IM hoping for 2 out of 3 right now of the triple play, and hopefully the frac is a success
DILUTION
I assume there will be no days off until complete, unless there is a breakdown in the rig equipment
Same here, long and strong. I bought all my shares in February and I admit I was getting worried with the constant delays as well as the possibility of more and more dilution because no revenue was coming in. I've learned to become extremely patient :)
It almost seems criminal if thats the case and Beatty is supposed to have such a reputable career. Maybe it was a "ruse" but I doubt it.
Thats okay because it seems the first well the Geobel 1 was successful and just needs a completion rig to finish the job
Fracking for sills 1 well tomorrow
Its sad to see so many people fell in love with a POS company causing Massive Dilution IMO
I agree. It may be even until adequate production numbers are announced. These wells are shallow and supposed to be high producers.
sounds criminal to me, or am I missing something LOL :)
The only thing massive will be continued dilution
I think this baby will run sooner than later IMO with all thats going on
You have a theory of a Triangular merger and have put alot of convincing DD behind it. However, aren't the shareholders supposed to be informed of a particular triangular merger (Which no they have not)before it takes place?
I agree. I also believe that many traders even on this board have put all the focus on Texas. California is in motion although slow but there are alot of Big Players in the Oil business are surrounding the California Play. The Oil Reserves seem to increase every year as more research is done in the California Play. Lets just focus on the Garcia 3 first and hope is gushes alot of Black Gold for us :)
This company has an honest CEO who gets things done. There may be hardly any volume now but if he continues running this company in a similar manner, we could be seeing a dollar a share in 2 years. There has been hardly any dilution. Plus Ron the Ceo told me over the phone that this company was ORIGINALLY formed as a PUMP AND DUMP and when he took over hes been trying to make sure there is no manipulation in the share structure.
Fundamentals will eventually bring this stock price us and more volume will arrive. I got in at 2 cents a share and I see it hitting 50 cents next year and a dollar the year after. Im holding this baby long term. Flipping it is for peanuts IMHO
Exactly, there are many flippers looking for the quick profit
Maybe they would rather not end up as bagholders IMO
It is my understanding that the drill rig will be committed for the other wells in the Joint Venture after the first well
IMO he is involved in a scam. ASYI IS A SCAM and one can assume this play is a joke as well. JMHO. Good luck though with your trading
Im just ready for a good run. Our wait is finally over, and oh yeah, people seem to forget our California play, although slow is in the works as well. Alot going on
Not a paid pump. It went up because the original Drill date was March 15
Looks like the PATIENCE is paying off. Still here with all my shares and looking forward to the weeks ahead!!!!!