Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
media credits vs. P2O. Hmmm. I got in this for P2O. The technology isn't going to disappear.
me too Brig. As far as I'm concerned the gov't owes me even more money.
I hope both parties made an aggressive plan ready to unfold way before they got this far. Not just a survival tactic. Merry CHRISTmas everyone.
12/22 EPT update:
"Company reached an agreement with its directors to pay their outstanding debt in shares. Under the agreement a total of 2,688,000 common shares at $0.05 each will be issued for $134,400 outstanding debt to the directors. The price reservation and the conversion of the debt are subject to TSX Venture Exchange approval."
Hopefully they hold their shares (restrictions or not). This would kinda help establish a .05 future base in a way. As far as their total debt though I think its about 3.5%.
500 share buy dropped, they take ask up .10 immediately.
Hopefully it wasn't one of the officers that wrote it up, but a Kelly girl temp.
The new beta EPT website has Northstar incorporated into it. Looks like its a go.
See if I understand their debts far. Looks like they used pref. B stock as conv. stock to pay current operations. They have issued only 1.6M shares of 2M issued in this Q4. "B pref" is convertable at common stock. That comes to only $5600 @ .0035? Is there other debt?
you're on :) eom
Bought some @ .02 today. Regardless of co. problems its definitely worth more than .02 IMO. GLA.
EPT BOD:
A lot of business experience and finance/investment backgrounds. I was looking for defense affiliation and I came across one of Wongs connections, AVCORP. Leung, Wong, Bagg, Gupta, Chan. See affiliations, salaries, job history, penny stock R/Ms and companies worked for.
http://investing.businessweek.com/research/stocks/people/relationship.asp?personId=9550330
Update on Sale of St. Johns Assets
Dec 2, 2011 1:10:00 PM
HOUSTON, TX, Dec. 2, 2011 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX-V: EOR) today announced that, by mutual consent, the Target Closing Date of December 1, 2011 has been extended to December 8th, 2011 for the previously announced sale by its subsidiary of all of its right, title and interests in the St Johns dome and certain related assets, located in Apache County, Arizona and Catron County, New Mexico, in order to complete a number of Closing Conditions that remain to be completed, including the delivery of certain material consents, the renegotiation of a material third-party contract and regulatory approval.
In addition, the Company reported today that it is applying to the TSX Venture Exchange to extend the expiry date from December 4th, 2011 to December 4th, 2012 related to certain 4,052,600 share purchase warrants entitling the purchase of up to an aggregate 4,052,600 shares of the Company at a price of $0.40 per share. These warrants were issued pursuant to a private placement of 4,052,600 units, each unit comprised of one common share and one share purchase warrant, which closed on December 3rd, 2009.
I hear ya. eom
uhhhhh, guess I should average down now. Maybe I'll break even.
just saying new financing needs to be re-paid along with the old debt. If theres not enuff cash flow then guess what. A r/s would reduce dilution significantly. Russell has his own good business ethics but what is Leung thinking. Aquisition time is share re-structure time. It is a possibility.
One thing will double, total debt. NEIK $3M + EPT $3.6M= $6.6M. So who's the winner? Financing NEIK with debt? Share exchange could be R/S. I don't see EPT bringing much to the table here yet. Perhaps someone could enlighten me.
good point. eom
thanx, I'll buy more. eom
well great, the only offer (so far) is from a worthless company. $220k annual revenue and $3.86M debt.
if you take just the one contract of $6M, divide by OS shares(45M) = .13/share
This last MF article for once has "some" truth to it. It is still flying under the radar. I can't understand this as I thought it would be over $3 again by now. But that gives current opportunity. As far as the buy-out thing I don't agree. Its becoming very successful, why would management want to give away their company? Money yes, but it will be a $5 stock in 2012 anyway. {OT: anyone see the Rock Center program on TV. Niobrara is bringing wealth to the Dakotas. Williston? has zero unemployment!)
.20 x .21. Looks like my universe of Canadian O&G is up 25%.
the client/contract base is the asset many cos. want. Thats how I got laid off once. Besides if tooling or property doesn't fit, downsizing will increase margins.
I don't see how they can even talk acquisition when they have no cash. But maybe an acquisition would be the collateral itself. Seems "they're" the ones that would be acquired by someone else. In any case I'm holding till hell freezes over. (If you beat the MMs you make $ every time)
they're already getting ready to walk everything down on the soon next red Dow correction. Never fails. jmo
Look at the good side, its trading only at 4x earnings. Sheesh!
strange price fluctuations, but got some more. eom
I know you folks have already done this: how many gallons diesel does a garbage truck burn, day, month,.....?
its kinda like the update from last winter. Bad economy froze time for a year. Hopefully things move Q1 & Q2.
LOL. I guess I was comparing to several Can. O&G on my watchboard that do much worse. 10/11 was 562,000 bought. I hope to take advantage of this time to accumulate myself. GLTY
I said it was a turn-off for American investors. But then he says, "we're looking at avenues for US brokers to quote the stock". SOX is expensive and unnecessarily overbearing IMO. In any case the volume isn't really bad & looks like people are accumulating the stock at these prices.
email from EOR IR. In response to the cost of the new 5 well lateral and the grey sheet status.
"The first of the laterals will be 2000 foot laterals from existing well bores. The wells are estimated to be between $800,000 and $1,000,000. There will be a 3 stage frac on each one. We do have access to the Regions Bank facility and are working on some other avenues should we be able to ramp up development.
The grey sheet status is something unrelated to the company as we do not have or support a US listing of any kind. The company will be looking at moving to another exchange in the near future and will advise when the approvals are granted if granted. We are also looking at various avenues that can be used by EOR allowing US brokers to quote the stock."
what do you think folks? Will it stay in a .32 channel for the seller, or go up to a higher channel? I put in pre-market orders below the ask. If it matters cause .315 or .35 a bagger is a bagger.
How do I get a re-play of the presentation? Can't find a link on TEDx. TIA :)
watch this one, currently unknown. BV= .35 yet trades @ .16, cash = $24M, OS = 164M, float= 128M.
from 9/30:
Caza Oil & Gas, Inc. (TSX:CAZ)(AIM:CAZA) (the "Company") has announced today
that it was informed on September 29, 2011, that following a purchase of
1,400,000 ordinary shares in the Company completed on September 28, 2011, the
Junior Oils Trust now holds 16,400,000 shares representing 9.97 percent of the
issued shares of the Company.
from 9/28:
Caza increases its net, daily production by approximately 88% over
Second Quarter rates from 199 boe/d to approximately 374 boe/d;
-- Caza Elkins 3401 and 3402 wells producing combined, gross rates of 219
bbl/d of oil and 356 Mcf/d of natural gas;
-- O.B. Ranch #1 and #2 wells producing combined, gross rates of 34 bbl/d
of condensate and 661 Mcf/d of natural gas;
-- Caza 158 #1, 158 #2, 158 #3 and 162 #1 wells producing combined, gross
rates of 80 bbl/d of oil and 151 Mcf/d of natural gas;
-- All near term wells remain fully funded.
I hope the MMs get satisfied and then the Rangely well comes out with a good report. It can't be much longer.
healthy close, but 3 days straight of gap-ups?