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In the 4Q we lost over $3MM ... WTF
jjgarcia we moved ... Down instead
Since our two members from the board of directors left are they going to give up their stock options back to the company? Any thoughts...
jjgarcia I do not disagree with what you are saying...The company really doesn't care much about us...But the bottom line is I'll keep my shares as long as the numbers make sence
jjgarcia & jktdet
I'll hold as long as their balance sheet looks good and there is sufficient cash under Asset....
This will never happen.........Even if PWDR performs at 1/3 of their projections it will still worth more than $0.01
That $85K Fox wasted on buyback wasn't smart move obviously.
With the same cash the company could have bought 900K shares now... This definitely would have helped PPS at this altitude....
Where is the bottom?
jktdet I think that trade means nothing. Just someone with large position plays games with us or someone was trying to scare us off so he/she can pick up more cheep shares....There is one thing you are right about Who could believe that we actually going to drop down to the very same price just several month later... and now we are at $0.095 WTF
jjgarcia you have been in this one for long time you should know by now that with PWDR nothing ever is on time....
jjgarcia I do not disagree...
I was just questioning the fact that if there wont be WI then why are they projecting it?
Why would they say that there will be no more WI since in their projections for 2008 they project $20MM+ in WI..... this must be a joke....
I have been here long enough to know that "to see is to believe"
So.... I'll believe when I see it...
from your lips to got's ears....
It's going to be another exciting day LOL...
1Q is over and we still don't have the numbers for 4Q....
Who cares this is behind us already...
2007 was a bad year anyways....
The 4Q and 1Q is what matters now
Did anyone get February newsletter?
We are back where we were before the 60% run-up
futrcash if the news letters we received so far are even close to the actual production number we are currently running at about $1.3MM quarterly revenue from Oil and NG which is more than we had in 2006 and for the first 3Q in 2007. I think this is good performance.
Regarding increasing the number of the outstanding shares. This is actually very common for young companies like PWDR
I understand that the company is not as transparent as we want it to be, BUT if it was it would have reflected on the stock price immediately and it would not present a buying opportunity AM I CORRECT...
Oxyurid have you read the January newsletter?
The oil production is actually about the same as NG...
Did anyone receive February newsletter with production numbers?
This is really funny Oil record high NG is heading for $10 and we are still underwater....
Guys chill out... arguing is not going to get us anywhere some of us have waited 2 years+ (including myself) to see PWDR move. Just be patient.
WOW NG at almost $9.5 and Oil at over $102..... We are looking good
Did anyone get the February Newsletter because I didn't get mine yet? If yes, what are the production numbers are we up from January or down?
JJ I believe the #1 well in Brookshire was at 110 barrels of oil per day
Finally some drilling update
-----------------------------------
CALGARY, ALBERTA--(MARKET WIRE)--Feb 26, 2008 -- Powder River Petroleum International Inc. (OTC BB:PWDR.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it is currently drilling on the Brookshire Salt Dome project in Waller County, Texas. Drilling on the #2 well is expected to be completed by the end of February, with test results available in mid-March.
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The Company is preparing a drilling location on the #3 well and drilling will commence as soon as drilling on the #2 well is completed.
The #4 is being re-completed with test results expected in the next week.
An application is currently being processed to convert the #6 to an injection well to handle the disposal of additional water as new wells are brought into production, and increased disposal capacity is required.
Development is also currently underway on the Weesatche project to re-work three wells which are expected to be in production in early March. Production over the past ten days has averaged between 1600 and 1800 mcf gas per day on Weesatche.
"As the staff of Texoma Oilfield Services becomes more familiar with the operations of Powder River, we feel confident we will be able to meet our projected schedule for 2008. I am excited to see our projects meet their full potential in the coming year," stated Powder River Petroleum International Inc. CEO Brian Fox.
James444ct following your logic you should have sold all your shares then...
James444ct is this a joke...
bought at $0.12 and sold at $0.19 and you are proud of this.
On 20K shares u made only what $1,400 ??????????????? what can you do with this...NOTHING
This thing will trade at couple dollars in two three years it would have been much wiser to hold.......
Finally they got all 100%...
They should have done that in the very beginning.
The traffic to their website dropped 47% for the last 3 months.
No wonder since they have not updated their site since June 2007...
heavy trading going on today...
jjgarcia thats not going to happen.
It will gap up only if you have a higher number on the bid side compared to the closing price.
The new website POWDERRIVERPETROLEUM.COM was registered on Nov 8 2007 as promised on SHM. It's hosted with "Tucows Inc" www.tucows.com
I think they are doing exactly what they said, but just not as fast as promised.
estock50 Very interesting reading.
I read simmilar readings about two years ago when I opened my first position in PWDR.
In addition, I think alternative fuels like ethanol wont be able to offset the future shortage of oil, and ethanol is not very well taken by the public since it increases the cost of life stocks.
However, long term maybe in a decade or so solar energy will be a good play. I'm already looking at few Chinese manufacturers of solar cell.
jjgarcia I hear you I'm out of cash myself.
I should be able to add some at the beginning of February if the price is at the same levels.
I wont be surprised if we drop under $0.10
Wow DOW is down 400 points have not seen this yet....
Stormy where did you get this info ???
StormyMonday good job...I wish I had some cash to add but I'm completely dry