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You better hope someone doesn't sell 230,000 shares. Look at level 2. 230,000 is all that is between .0041 and .0018.
Im just going by the email he replied to where he said he backs up everything the RE website says.
I am just going by their website.
http://www.renfroenergy.com/Company_Profile.htm
That is what Renfro himself said in that email. Didn't he say he stood behind everything that was stated in the RENFRO ENERGY website? Direct quote from that site
Comparing the market cap of an OTC security and a legitament Amex and NASDAQ companies is irresponsible and should immediately raise a red
Flag!
RE's current asset (singular) is the Cameron Parish School Board Lease. This property is comprised of 880 acres, has two oil wells, one shut-in gas well, and one salt ater disposal well. The property is capable of producing 15-20 bopd. (So the whole 880 acres is capable of producing 15-20 boos. Maximum production would be 600 barrels a month. $60000 month, $720,000 /year. It would take roughly 150 years to get that $100 million in oil. Cameron parish has restriction on the amount of oil you can pump off your leases. So it's not like they can drill 500 wells on those acres and get to the $100,000,000 in a couple
Years. Lol at the way the brazos website gets the 250-500 million market cap too. They compare this pink
Sheet company with publicly traded companies on the Amex and NASDAQ exchanges.
Organization red flags petroleum capital.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_orgad?p_orgid=P174
That's a gas well, production type number 20. Look like the last time they got anything out of
There was years ago and then only got 100 for six months. At $5 a pop, that isn't very much money.
Sure, according to this website the last time they produced and average of 10 BOPD was 6/2009. Last recorded 5/2011 they produce a whopping average of 1/2 BOPD. I tired of the back and forth. Maybe I am right, maybe I am wrong. All I know is Renfro gets a million dollar payment, regardless of what happens here. This is a pretty sweet deal:
The problem is, it isn't producing 10 BOPD. Last month on record it was 15 for the month. 10 BOPD would be great, unfortunately those wells haven't produced that in years.
Based on what? Cameron Parish property? It has produced only 6 million barrels of oil since 1930. As long as we are speculating, let's say the next filing comes out and it shows OS as 1.5 billion. .30-.60 cents, which i believe you said it would trade at would put the company value at 480 million-900 million. Have you ever traded in penny stocks before. How many forward looking statements have come true? Hell, it's going to cost BRZL 15 million to get those wells operational. You remember the filing, 4 million in purchase an 6 million in operations. Last filing shows BRZL has $22. I could seen Renfro taking the 1 million dollar, not refundable, deposit and this thing never get going. Guess we will find out soon.
He went the pink sheets because it's cheaper, faster, less oversite.
http://www.reverse-merger.info/reverse-mergers-explained.htm
There is a reason 90% of all R/M fail and 90% of all IPO succeed!
Ok, I agree.
I'm confused. According to admiral, the merger already happened. So, now it hasn't?
Hmmm. After looking at the filings I see they entered a service agreement with Renfro Holdings, is that the same as a merger? Has anyone google mapped the address for Renfro Holdings? It looks like it is his house. It is currently on the Market for just over 1 million?
I'm not claiming it has, but you also have no idea if it had. Our last filing was for DEC 31, 2010, no what had or hasn't happened since then. They font have to file with the SEC for a sale of securities for accredited investors. Rule 502 or something. Can't remember.
Please tell me your kidding. You dont honestly think this will be trading on Amex or NASDAQ in a year, do you?
Accredited investors are buying this at what it sells at today. They will either buy convertible preferred shares, or commons at a lower price then they are today.
So on May 28th, 2010, they entered that agreement with RE. I assume, this is when you are claiming the R/M was completed or when Renfro officially took over. If this is the case, this stock is just like any other fraud pink. As of Dec, 31, 2010, per filings, they only have $22 cash on hand. Renfro had control of the company for 7 month, May-Dec, and BRZL has done absolutely nothing? Either you are completely wrong, or this stock isn't going anywhere.
Oh, I agree 100% and when the filings do come out, you will see that it is priced where is should be. It was more of a rhetorical question
If the RM is already complete, then the assets are already there. Why isn' the stock going up?
If that is the case, you can forget about the 5000% increase. The reason why this was going to skyrocket was because of a Reverse Merger. Without the R/M this is stuck in neutral, may hit .01 with news.
It's Always speculation in these kind of plays. You have no idea what the share structure will be. they may need to raise money, there may dilution, R/S, or they may already have the financing needed. All the DD in the world doesn't tell us what has been going on since DEC 31st, that is 6 months since they updated us with a recent filing. I am not claiming it is going to be good or bad, but it irresponsible for you to say that this isn't a speculative play or isn't like any other penny stock.
Permit date on one of Prospectives wells has a start date of 3/1/2010. That is when Renfro sold that one well, correct. Dates add up
Ok. Sorry. I agree with the no RS. Can't imagine doing one so soon after a forward, never heard of that before. Also it still wouldn't get them the 54 million needed, nor would selling another 800 million shares. I am at loss for figuring out how they get the funds. I guess they could sell a stake in the properties. Just wish that pro-forma did say 54 million in new shares issued.
I wouldn't rule it out. The most stored at one time as far as
I can tell was 3500ish. Other facilities have a huge capacity there though, some from
200,000 to millions and I read that some oil companies share facilities to
cut storage costs.
How did you come to that conclusion. If you go to and look up wells by organization name and search Prospective investment, they have had those leases for years.
Way to contribute to the conversation. What are you 16? If you don't want to scrutinize the information, don't. Keep you comments to yourself. You are violating the TOU for the board.
One more thing. You mention the two producing wells, look at the production and numbers. They are identical. So is the strike. I assume this means they are counting the production as one well.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=215451
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=235233
The WSN numbers are different but the well number is the same.
They have been still producing up till May, when they failed to submit their DMR1 report. You can see this by looking at the opening and closing strike numbers. The closing strike numbers is the amount of oil they have in their storage facility. The last closing strike number indicates they have 2417 barrels of oil currently in storage. Now maybe they stopped producing and didn't file the DMR report because the wells are no longer property of Petroleum and BRZL is filing the proper paperwork.
I think I can explain the allowable and why it has changed. If you look at this link you provided and look under operator P174 (Petroleum Capital), under remarks you will notice No DM1R.
http://sonris.com/cons/pre-run/oil_proration_lafayette.pdf
Critical reports are due to every May and November. If these reports are not received, allowables are cancelled.
http://dnr.louisiana.gov/index.cfm?md=pagebuilder&tmp=home&pid=337#DM1Rfacts
I would think this could mean they are in the process of transferring this asset into the new company, however, according to filings it looks as if this property was already transferred quite a while ago.
The total for the last three years it has produced less than $400,000 total. Could you please tell me how you get that $500,000 figure. That would be great if true, but after looking at the data and yearly production, it looks like the well is actually producing less and less every month. It was constantly producing 1000 barrels a month and now at tops, it has produced 100 barrels a month in the last year. Those aren't bpd, they are battles per month. If you go by history of that well, even If it was to
Produce 100 barrels month, it would only be $120000 at $100/barrel.
I am going to look at this with an open mind, Packer or Blue, you can let me know if I am wrong. No more bashing from me. From Packerfans link
1: Cameron Parrish:
Poduction type on this well is coded as 10. 10 means it is a producting well.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_compreview2
As of May 1st 2011, they have 2417 barrels of oil stored and ready for sale. This is found under the closing strike. As you can see, they have not sold (disposition) any oil produced from this well since Jan 1, 2010. Now the one thing that worries me would be that the wells seems to be producing much less then previous years. In 2004 they were producting and selling oil at 1000 barrels a month. Now in the last year, they are only producing in a range of 100-15 Barrels a month.
2. Cameron Parish:
This is an active injection well. Def. "Another use of injection wells is in petroleum production. Steam, carbon dioxide, water, and other substances can be injected into an oil-producing unit in order to maintain reservoir pressure, heat the oil or lower its viscosity, allowing it to flow to a producing well nearby"
3. Cameron Parish: Code as shut in productive-no further utility.
Numbers 4, 6, 9 , 10 ,11 ,12 are listed as Expired Permit. 5 and 8 are dry and plugged and 7 is shut in hole-dry future utility.
So this is the one well that Renfro sold at 10 times what he paid for it?
Nice link. It shows one barely producing well
That looks like it's about dried up.
Okay, please tell us this. Who did he sell this property to?
It's a lie. A complete fabrication of the truth. They don't own all the leases of Cameron parish. Cameron Parish is huge. It is over 1 million acres. Renfro only leases 800 of those acres.
It's cameron parish that was sold, And t's 12-15, not 180.
You said there were three omni oil and gases. You admit he has nothing to do with the one wellspring capital bought for 122 million. Which one was he part of. He was
Part of omni oil and gas which did a reverse merger with American gold resources. Whether or not he has anything to do with american gold, he still was involved
With omni, it is listed in the sec filings. That omni was a POS, regardless whether or not it merged with anti american gold. If there is another omni that was successful, please link it to me. You seem to know
Of a third omni I can't locate.
"There were 3 companies called OMNI Oil and Gas. Aren't you kind of getting them mixed up ?"
No, are you?
Omni energy services, the one purchased for 122 million has no connections to Renfro.
http://www.altassets.net/private-equity-news/article/nz18722.html
People love to say he was involved, but you will not find his name anywhere associated with this company no
Matter how far you look back.
He is however associated with this POS omni that is now American old resources and trades at .002.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=33875152&privcapId=105901534&previousCapId=20356336&previousTitle=AMERICAN%20GOLD%20RESOURCES%20CORP
So tell me admiral, what where you implying by the above quote.
So are you saying these two are connected?
It's 12-15 according to filings, nit sure where you got those 180 numbers.