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.
come on tef, i am sure an expert trader like you knows you are only down if you sell. i will happily accumulate shares as i can at these levels.
how about i'll buy more because when this does pop i will make more on this one position than you and the rest of you p on flippers will make in your life. you keep making your hundreds or even thousands of dollars on this stock and i will wait for my hundreds of thousands of dollars.
tef, it does look like you are in the lead so far. i must say though that your life must be pretty pathetic if your idea of fun is to gloat on some message board of a stock you don't even own. here's an idea, how about we present you with a new life if you win.....lol!!
hey guys, here are the e-mails and responses i got from jeffrey this weekend......take from it what you will. my first e-mail to him is at the bottom of this post.
Right. The court has to order all activities now. Everything is in the hands of the court appointed receiver. Nothing done yet.
-----Original Message-----
From: jack gordon [mailto:jackg152004@yahoo.com]
Sent: Sunday, July 16, 2006 8:53 AM
To: reply@indocan.com
Subject: RE: abilene #3
My apologies Jeffrey, but I forgot to ask one critical question and that is whether our interests in the Abilene leases have been recorded as you were told by Sunray's lawyer a few weeks back. Thanks, and again, enjoy the rest of your weekend!
Jeffrey Bruhjell <jrb@indocan.com> wrote:
Hi Jack,
We have had not had a report that the #2 well is completed yet. Electricity is needed to get the pump started. It was ordered before drilling started but is not in yet as far as we know. It should be soon.
#3 is delayed due to many factors. We did not hear anything this week so I reckon this coming week we should get some info.
It looks like oil is going higher!
Thanks for your letter,
Jeffrey R Bruhjell, president
Indocan Resources, Inc.
-----Original Message-----
From: jack gordon [mailto:jackg152004@yahoo.com]
Sent: Saturday, July 15, 2006 1:09 PM
To: jrb@indocan.com
Subject: abilene #3
can we expect to hear anything about flow rates on well #3 this week? thanks.
i think its pretty safe to say that .0017 or .0018 is the ceiling without news. from jeffrey's e-mail response to me over the weekend i wouldn't expect well #3 news until later this week, if at all. we shall see.
vince, it ain't .50 like papa but i sure would take that to the bank as well!!
papa, i am laughing now.....but if that prediction comes true i will be laughing all the way to the bank!!! i would love to see it.
hello to getnit's friend...getnit tell him to get in early tomorrow morning because it could be a nice ride this week if we get news on #3 with oil where it is!
vince, i know you have an opinion on the share price at the end of the week....what is it?
let's hve a little fun here on a sunday night and give our predictions for the closing price this upcoming friday.....i will be the first one to step out on the branch and say without news of #3 we finish the week at .0042....if we get news of #3 with a decent flow rate i predict .0115...just mho
true jdig, bt it is the psychology of investors seeing a pr for indocan stating that they are participating in a well that is producing 500-1000 bpd. look at fppl, they have no news out and they trade at .008
getnit, thanks for tips about getting in touch with jeffrey. i used a different e-mail address to get in touch with him and i got a response pretty quickly. just to paraphrase his response....still no electricity on #2 even though it was requested when drilling started and hopefully some news on #3 this week. thanks again!
thanks tex, can't wait for monday
thanks getnit, i have tried to e-mail bruhjell several times from my aol address and i have asked him basically the ame questions that you just responded to. it is good to know that someone on the board has spoken to him and that you feel good about what he has told you. it is great to hear that we can expect a new partnership. thanks again!
has anyone here come across any legitimate dd that indicates idcn will partner with a more well known firm or if there is a possibility of a share buyback. if i could get our ceo to return my e-mails i would have this info myself but i am hoping someone on the board has an open line of communication with him or at least a better line of communication than i have at the present moment.
agreed seaghost. this may slowly creep higher without news, but the only way we make a substantial move is if we get an announcement with a significant flow rate, not just a dribble of oil. i am talking in the 500-1000bpd or above range to make a serious move. the way i make ends meet these days is by owning a construction company in florida and i know the only way you get anything done down here is to light a fire under a couple asses or two every now and again and the only way you can truly verify if what needs to be done is done is by laying my own eyes on it.
getnit, i like the way you are thinking....hope bruhjell can make it happen!!
if oil hits even $80 and he makes the announcement of 1000 bpd we hit .05, imho....2500 bpd gets us to .10, imho....5000 bpd gets us to .25, imho.....oh, did i say imho, lol!!
tex, if you don't mind me asking what makes you so confident that he knows what he is doing. i have e-mailed him several times and he has yet to reply. he puts updates out on the website with timetables that he inevitably does not hit. in my opinion if we are to experience a run that pales ndol's or even pgpm's bruhjell will have to string together a few meaty pr's within a short period of time. for instance, one that announces a substantial flow rate from #3 followed by the announcement of a partnership with a more established and well known company or better yet a buyback of shares.
ot: vince i would love to see idcn release results monday morning and it fly to .02-.05 by wednesday and then shift that money into pgpm at .10-.15 for the anticipated news over there. that would be my idal situation for the upcoming week.
vince, i will take anything above .25 with 15 mil+ in my account. i am just a little nervous that we will not get the results out in time to capitalize on this spike caused by the middle east tensions.
true jdig, but the point i was trying to make is that momo can be created from any significant development in a company's business plan and if well #3 comes in at 500-1000 bpd that would be a significant development at this point in idcn's evolution. the start of production from this well would be extremely significant relative to idcn's share price.
my only fear here is that some of these geopolitical crises get resolved and the price of oil backs up significantly before the well is finished and bruhjell announces the numbers. in that case i still think we will go up but maybe not as significantly as if we announce the numbers while oil is still over $75. in my opinion, it would be a psychological thing that we benefit from.
a few days back someone stated that the short amount here is about 140 mil. if that is the case and we get good numbers on the well i will be holding my 15mil shares for at least .05!
ff, agreed. we should never underestimate the power of the momo. i first noticed ndol at .12 and watched the momo take that all the way up to 1.50....not saying that will happen here, but once people see a penny starting to make a move generally they start to pile in. and once again, we are in the oil sector. ff, what do you think we could top out at if we get a 5oo bpd flow rate, if you don't mind me asking?
ff, i agree with the profit taking theory. i do not understand technical analysis very well but all i know is that once we get the pr on the #3 well, in this oil environment, we have no place to go but up, especially since we would then be a domestic oil company.
tef, one word....oil. let's see what you have to say after they announce the flow rates of #3 and we see where the stock goes after that. what will you say when the stock hits .01?
billy, pretty bad after a 60% gain on the week.....pretty bad when the best investment in the company's history is about to yield its black nectar....pretty bad when that nectar id valued at $77 a barrel....my average price is .00325 and i am very optimistic about idcn's prospects in the weeks ahead....what criteria did you use to evaluate this stocks prospects as pretty bad? could it be that you don't have enough of it yet to make any serious money?
dany, nothing but buys except for that little spurt right before the open and the mm don't raise the ask....amazing!! it looks like we won't get a major breakout until bruhjell gets some positive news out. just hope he doesn't wait too long and we run out of steam.
oil at $78 a barrel. we are set up perfectly for a run at .01!!!
would be an extremely bullish sign if we broke through .002 today. i think we would start to see momo traders start to pile in then.
something is definitely up!!!! volume has just gone crazy in the last few minutes!!
just a hunch here, but i have a feeling the mm's are dropping this today in anticipation of something big to come for idcn so that they may accumulate at cheaper prices. with the price of oil at an all time high and idcn about to announce the flow rates on two wells there is no reason why this should be dropping other than they want cheap shares. just mho.
oops, should have read "managemant seizes the day". sorry about that guys.
max, you posted earlier that on cnbc thursday night at 8 there is going to be a special on the topic of energy and oil.
wouldn't it be great if they mentioned abilene in the report and then seizes the day and announces an impressive flow rate friday morning or even better monday morning after people had the weekend to do a little dd on the investments available to them in the abilene area. imho, if things played out this theoretical way we would be well on our way to .05!!!! just mho of course and a little wishful thinking.
thanks tex, i hope your guess of possibly .25 comes true. i think we might have to get together in one of the old stomping grounds, perhaps Priviledges, lol!! let me ask you, you have stated in your reply to me, and in previous posts on this board, that JB is looking to partner with BIG OIL, perhaps the chinese. Has JB stated that to you directly in private conversations or are you just reading between the lines. In addition, you keep hinting at Indocan possibly being involved with the chinese. Has JB stated that to you or are you also reading in between the lines there as well.
tex, i picked up a few more at these levels. now holding 15.5 mil at about .0032. if we get a decent bopd flow rate on #3, say 500 bopd, what do you think this will spike to? in my opinion .01 would be a safe bet and possibly .02 but i think management would have to follow the flow rates with either partnership or good news on flying a's wells to get it to .05
looks like we may have the possibility of a gap up tomorrow morning!!
nice volume at the close with some nice trades going across the tape. its good to see some larger trades at the ask at the market close for once.
sceptor, the top line of your post has been on the website for a week or so. i hope the "soon" they refer to in today's update means this week.