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CMGI oversold getting ready to move up, IMO, markets willing. HPQ dumped 12 million shares (half of their holdings) which helped drop the pps. I think the 10 day ema is ready to cross the 50 day ema.....picked up some shares yesterday...
frankie1221, good points...have to think long term on energy. Buying ops when "warm weather" drops NG demand, etc....I'm considering a "trading" amount in the sector just to take advantage of the short term volatility, but hold a core position. Seems God put most of the world's oil in the hands of the crazies, so political unrest is a big factor in the sector.....there are potential new oil discoveries in the third world countries, but many companies don't want to take on the risk involved dealing with local governments and people.
OT: Anyone want to get in the oil biz??? Can buy a shell, print a bunch of shares and expand the biz.....and have a hefty salary to boot!!!!
Posted by Alan D.Humphrey (66.38.29.23) on October 28, 2005 at 16:40:31:
5 complete oil wells with 400+ acres. Most of these wells have only been drilled to the shallow Grandville formation (300'+). This lease would be great for speculating on deeper oil formatioms or speculating on enhancing the producing zones.
This lease is located in Cumberland County, Kentucky. I'm trying to sell this lease for a friend who doesn't use a computer. Word is hard to get out in this little town of 2000 people, unless it's gossip.
The price is $35,000 total for equipment,lease, etc. 100% working interest,87.50% net.( Landowner holds a standard 12.50% R.I.)
You'll have to sign a non-disclosure, non- circumvent agreement.
If you have any interest,or need additional info
Call, 270-433-7612 or cell no. 433-1319
I love e-mail, humphreyoil@hotmail.com
I also have lots of other oil & gas leases for sale or trade for equipment.( Especially for a cable tool rig in good working condition)
AL.
http://www.drilshop.com/08-04-05/messages/3214.html
Anyone want to get in the oil biz???
Posted by Alan D.Humphrey (66.38.29.23) on October 28, 2005 at 16:40:31:
5 complete oil wells with 400+ acres. Most of these wells have only been drilled to the shallow Grandville formation (300'+). This lease would be great for speculating on deeper oil formatioms or speculating on enhancing the producing zones.
This lease is located in Cumberland County, Kentucky. I'm trying to sell this lease for a friend who doesn't use a computer. Word is hard to get out in this little town of 2000 people, unless it's gossip.
The price is $35,000 total for equipment,lease, etc. 100% working interest,87.50% net.( Landowner holds a standard 12.50% R.I.)
You'll have to sign a non-disclosure, non- circumvent agreement.
If you have any interest,or need additional info
Call, 270-433-7612 or cell no. 433-1319
I love e-mail, humphreyoil@hotmail.com
I also have lots of other oil & gas leases for sale or trade for equipment.( Especially for a cable tool rig in good working condition)
AL.
http://www.drilshop.com/08-04-05/messages/3214.html
So much for the intelligent discussion......
The biggest stride was getting their debt paid off using the increased stock price...other than that what wlse has been accomplished???
otis groutman, learn how real companies go public, then come back and have an intelligent discussion.
Aspen Exploration Reports Strong First Quarter Results
Thursday November 10, 6:36 pm ET
Earnings Increase 108% Resulting in First Quarter Diluted EPS of $0.06
DENVER, CO--(MARKET WIRE)--Nov 10, 2005 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), an energy company with offices in Bakersfield, California, and Denver, Colorado, announced today results for its first fiscal quarter ended September 30, 2005. For the quarter, the Company reported revenues of $1,194,000, an increase of 52% as compared to the year-earlier period revenues of $784,000, and net income of $461,000 compared to $222,000 a year earlier, an increase of 108%. This resulted in diluted earnings per share of $0.06 for the quarter as compared to the year-earlier period of $0.04 per share.
The Company reported higher revenues as a result of an increase in production volumes from recent gas discoveries and higher prevailing prices for natural gas. Gas production for the quarter ended September 30, 2005 averaged 1,609 MCF per day, an increase of 13% versus the same period in fiscal 2005. Net income before interest, depletion, depreciation and taxes increased 63% to $896,000, or $0.13 per share, compared to $549,000, or $0.09 per share for the same period in fiscal 2005.
The production from several of Aspen's newly drilled wells in addition to the positive effect on revenues of higher natural gas prices are not reflected in the current 10-Q. Based upon the increasing production levels and continued strong gas prices, Aspen expects continued strong earnings for the current fiscal year.
Aspen's stock is quoted on the OTC Bulletin Board under the symbol ASPN. For more information concerning oil and gas operations contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661) 831-4669. Aspen's web page can be found at www.aspenexploration.com.
DISCLAIMER
This news release contains information that is "forward-looking" in that it describes events and conditions which Aspen Exploration Corporation ("Aspen") reasonably expects to occur in the future. Expectations for the future performance of the business of Aspen are dependent upon a number of factors, and there can be no assurance that Aspen will achieve the results as contemplated herein and there can be no assurance that Aspen will be able to conduct its operations or production from its properties will continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks which are beyond the Company's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to: the possibility that the described operations (including any proposed exploration or development drilling) will not be completed on economic terms, if at all, or the estimates of reserves may not be accurate. The exploration for, and development and production of, oil and gas are an enterprises attendant with high risk, including the risk of fluctuating prices for oil and natural gas, imports of petroleum products from other countries, the risks of not encountering adequate resources despite expending large sums of money, and the risk that test results and reserve estimates may not be accurate, notwithstanding appropriate precautions. Many of these risks are described herein and in Aspen's annual report on Form 10-KSB, and it is important that each person reviewing this report understand the significant risks attendant to the operations of Aspen. Aspen disclaims any obligation to update any forward-looking statement made herein.
ASPEN EXPLORATION CORPORATION
2050 S. Oneida St., Ste. 208
Denver, CO 80224-2426
Telephone: (303) 639-9860
Fax: (303) 639-9863
Email: aecorp2@qwest.net
Web Site: http://www.aspenexploration.com
Contact:
Contact:
Bob Cohan
Company: Aspen Exploration Corporation
Phone: 661-831-4669
Fax: 661-831-4661
Email: robertacohan@igalaxy.net
URL: http://www.aspenexploration.com
rickguy6, momo rules on the OTC....fundamentals mean nothing, just great PR's. Most of the DD posted is feel good stuff, none of the real questions are addressed.....dilution, BDC/investees, how was rig paid for, percent of wells to be taken away from shareholders, etc., etc...... They tell you the CEO bought shares on the open market last year, but don't tell you the company then dumped 100 million shares in a year....
Waitedg, GDTI, they have filed to sell, but I can't figure out if they actually sold or not. Can't find any Form 4's or statements of ownership showing the sells. Sometimes they are pretty slack in filing the forms after selling....or, they haven't sold yet. Try an email to the company to see if they will give you the status.
Hmmmmm...I thought when Greeneye returned from the Mount with the stone tablets listing the AMEP accomplishments, the pps would take off.....oh, well...
Good read, and if you believe half of it, justifies energy stocks as long term investments...
http://www.financialsense.com/stormwatch/2005/1014.html
Re: RB guesses on RS or IA....my guess is an increase in authorized, the RS is too negative and authorized will be easily approved since FASC is soooooooooo close to outstanding revs!!!
Probably by end of June 2006, IMO.
Rick, do you think AMEP will be releasing drilling reports like this??? Sounds like expert service companies required...
Baker Hughes, Schlumberger....
Operations Update
Georgia
The Ninotsminda Field horizontal well N100H2 has been completed and is currently being tested. The well was drilled by CanArgo using its own rig and equipment while utilising directional equipment and services provided by Baker Hughes. The well is a horizontal sidetrack from an existing well bore in the Middle Eocene reservoir at approximately 2,640 metres (8,659 feet) TVD. The horizontal section extends some 508 metres (1,667 feet) in the central area of the field and a pre-perforated production liner has been run over a 433 metres (1,421 feet) interval furthest from the original well bore. Another rig is already erected on well N97 where operations have commenced on the next horizontal sidetrack well. This well will take longer to complete than the N100H2 well as it is located on the northern flank of the field and it will be necessary to first sidetrack the well towards the crest of the field before the horizontal section can be drilled through the reservoir in a westerly direction along the crest of the structure. Results for N97H are expected in January 2006.
In the meantime negotiations are continuing with a number of service companies to move forward with the planned horizontal well development program in 2006 using under-balanced drilling technology. Management still believe that under-balanced drilling will minimise formation damage and lead to a longer-term sustainable production from the fields.
On the M11Z appraisal well, CanArgo continues to consult with Schlumberger well completions experts who have advised on the best techniques with which to re-establish communication with the formation in the well by removing near-wellbore damage. It has been concluded to acidise the Cretaceous Limestone interval using coiled tubing, and if necessary perforate. Preparations are being made to recommence these testing operations within the next week.
On the Norio MK72 well we are drilling ahead and are currently at a depth of 4,832 metres (15,853 feet).
In Kazakhstan, testing has been completed on well KYZ104 on the Kyzyloi Field which flowed gas at a rates of up to 96,000 cubic metres (3.4 million cubic feet) per day on a 16 mm (40/64 inch) choke, and is now shut in waiting for the installation of field development equipment. In the surrounding Akkulka contract area, exploration well AKK04 has reached total depth of 600 metres (1,961 feet) with good gas shows whilst drilling and there is a clear indication of the presence of gas bearing sands on wireline logs. The well will be tested in due course as part of a co-ordinated testing program including the Kyzyloi Field development wells.
CanArgo's Chairman, President and CEO Dr. David Robson commented, "We have completed the N100H2 horizontal well and look forward to the test results within the next month. We also look forward to the next horizontal well results in January 2006 and to re-commencing our comprehensive program using under-balanced equipment. The delay in testing the M11Z appraisal well has been frustrating for us, but we now believe we will be applying the most efficient methodology to enable communication with the reservoir. The MK72 Norio well is drilling ahead and is near to the prognosed target zone. This is an exciting exploration prospect and we are delighted that together with Saipem we have made good progress in what has been very difficult drilling conditions."
Great DD and posts here and RB.....maybe the lurkers will buy and support the pps above 4 cents!!!
Waite, did you see this on GDTI???
http://finance.yahoo.com/q/it?s=GDTI.OB
OT: I don't think leaflets can overcome brainwashing!! LOL!!!
My last brilliant buy was at $4.50!!! LOLOLOLOL!!!
Geez Greeneye, didn't you ask how many shares they sold since the last report???? How they paid for the rig and other expenses? What's the new OS?? I thought you were going to stay until drilling started. How about their percentage goal of private investors in the wells??? You didn't ask any of the important questions, IMO. Will they drill before Christmas???
"proppants : Sand grains, aluminum pellets, walnut shells, or similar materials that are carried by fracing fluid during hydraulic fracturing. When the pressure is released at the surface, the fracturing fluid returns to the well but leaves behind the propping agents to hold open the formation cracks."
It would make a great drink mixer during Mardi Gras....for New Orlean's sludge, though, it would be like trying to drain Lake Michigan with a breast pump.....
beigledog, I was basing a forward split on the growth of the company (and pps) and continued growth (and pps) after the split.....like MSFT, HD, etc.....
Unfortunately, too many already know about it....
TRCPA, all those wonderful projects and all the people involved haven't seen the potential of investing in FASC and driving the pps up...again, it doesn't take a rocket scientist........ But, you can always go back to "why is Jagman here" and buy based on that...LOL!!!
NWD...sells food in China! Now surely they couldn't screw that business up if they tried!! LOL!!! $2.59 up 5% premarket on earnings news, 45 million OS, PE about 20.5, rest of fundamentals look good..
http://finance.yahoo.com/q/ks?s=NWD
Earnings news:
http://biz.yahoo.com/pz/051109/89446.html
I'm gonna watch for the 10 day ema cross over 50 day ema.
Hundreds upon hundreds of hours of DD posted by many for years, and none of it indicated a drop in pps to pennies???
HELLO!!!! I think those that did their own DD walked away and never bought, some's DD probably saw the short term spikes with PR's and played it that way. Seriously, why would anyone buy a stock being diluted and management paying themselves big bonuses and traveling around the world while the stock is 5 cents or so...this does not take rocket scientists to figure out, folks....
AMEP owns the investees outright, 100%...BUT....that's three investees with three CEO's or equivalent with three big salaries plus other workers?? The shareholders will never see those figures from a BDC, IMO. Think about it, these guys are probably out there working their azzes off to get the oil and gas to market, do you really think they care about shareholder value?? And don't say "they own shares too", they can get as many as they want with options. Or buy on the market and file to prime the pump, Bitters bought a year ago from the market and AMEP dumped 100 million shares in the next 12 months. In the meantime the shareholders are paying the bills each time they buy, IMO....
They are doing all the work, not posting on a message board, they will pocket the revenue, IMO...
TRCPA, for 8 years or so that has been the case. The Bearish trends have been long term and the Bullish trends have been very short term.
"Issued 22,250,000 of those, Restricted shares 20,250,000
Public float 2,000,000" Some of the restricted shares will probably hit the market in the spring(?). If TDYH can list on the Amex and keep the company growing, then long term the company could do a forward split for the institutional buying. Or grow the company by using shares for acquistions. We have the advantage right now to buy because we are willing to take the risk. I think CESV has other problems besides liquidity.
But I sure wish they would hurry up and get their chit together!!!!!
You guys just don't get it...each PR allows AMEP to dump more shares, how do you think they are paying all these expenses, credit cards??? 10-Q out in about a week unless it's delayed to allow more dilution.....why do you think the Transfer Agent is gagged???? JMO, but I think I'm right.....
Then the Bearish Harami will turn into a Bullchit Harami and FASC could pop to 5.5 cents allowing the latest bagholders to run away, IMO....
Bearish Harami formed on Nov 7, volume dropping way off, strong resistance at 0.05. Doesn't look good unless FASC comes out with a good PR, IMO. New Bagholders at 5 to 5.5 cents will be the first to run away. Remaining OS will probably disappear at the next PR.
Wow! Goldcorp Inc.: Third Quarter Earnings Jump 470% to $57 Million
Tuesday November 8, 5:22 pm ET
(But they missed estimates by a penny! LOL!)
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 8, 2005--(All figures are in US dollars unless stated otherwise)
Goldcorp Inc. (TSX:G - News; NYSE:GG - News) is pleased to announce its third quarter results, highlights of which are:
- Net earnings of $57 million ($0.17 per share), compared to $10 million ($0.05 per share) in 2004;
- Operating cash flows of $85 million ($0.25 per share), compared to $22 million ($0.12 per share) in 2004;
- Gold production of 283,700 ounces (2004 - 163,800 ounces);
- Gold sales more than doubled to 276,700 ounces (2004 - 112,800 ounces);
- Total cash costs of $9 per ounce, compared to $121 per ounce in 2004;
- First gold pour at the Amapari project, with commercial production expected during the fourth quarter.
For the nine months to September 30, 2005, net earnings increased to $184 million ($0.60 per share) compared with $36 million ($0.19 per share) in 2004, and operating cash flows increased to $329 million ($1.08 per share), compared with $31 million ($0.16 per share) in 2004. Gold production totalled 840,000 ounces for the nine months to September 30, 2005 compared with 462,000 ounces in 2004, while gold sales increased to 1,037,000 ounces at a total cash cost of $49 per ounce, compared with 314,000 ounces at a total cash cost of $112 per ounce in 2004.
President and CEO Ian Telfer said, "The superb quarterly results are indicative of the Company's ability to deliver on its strategy of providing shareholders with superior returns through increasing gold production, strong earnings and cash flows, and the lowest cash costs in the industry."
Goldcorp is the world's lowest-cost million ounce gold producer with safe, profitable, and sustainable mining operations throughout the Americas and in Australia. The Company has no debt or hedging. Production in 2005 is expected to exceed 1.1 million ounces at a cash cost of less than $60 per ounce. If the proposed transaction with Barrick is finalized, Goldcorp's 2007 gold production is expected to more than double from current levels to 2.4 million ounces while maintaining Goldcorp's status as the lowest cost million ounce gold producer.
Third Quarter Earnings Conference Call:
A conference call will be held Wednesday, November 9th at 11:00 a.m. (ET) to discuss these results. You may join the call by dialing toll free 1-877-888-3855 or (416) 695-6622 for calls from outside Canada and the US. The conference call will be recorded and you can listen to a playback of the call after the event by dialing 1-888-509-0081 or (416) 695-5275. A live and archived audio webcast will be available on the website at www.goldcorp.com.
FUEL up 48% on earnings...eom.
Cripes!!! Drops on news??? What did the market expect in the report????
WILDPIG...HOW DO YOU KNOW IT'S OLD NEWS..HAVE YOU BEEN THERE AND TOUCHED THE PAINT??? HELL, THEY MAY GO WITH A SECOND COAT!!!! LOL!!!!
Maybe they are waiting for the rig paint to dry and cure????
But at $10,000 a day lost rig time, maybe they should buy a bunch of hair dryers and speed it up.....
Who paid for the rig??? Did the investee have a million bucks cash they hadn't reported to AMEP???? Will the percent of the well owned by private investors be reported to AMEP shareholders???
beischens, will you include liabilty insurance in case I get injured while observing the KDS testing???
Dead cat bounce...still no sales.