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AND PLEASE HOLD ON TO YOUR MJOG SHARES . UPDATE NEWS ON REVERSE MERGER IS IMMINENT! MJOG = .70+ ON UPDATE GUARANTEED. MARK MY WORD!
happy Thanksgiving Malone. Get ready for Petroteq Energy on market open . This one 's gona move on great momentum and great news released while everybody 's busy biting at the turkey.
PQEFF: production increase from from 150 to 1000 barils / day as their new extraction oil facility is geared for production 1st q of 2018.
But the kicker is the new cash infusion just released: please READ THE NEWS:
November 23, 2017 09:36 ET
Petroteq Energy Inc. Announces MOU for $10MM for Lease and Extraction Facility
STUDIO CITY, CALIFORNIA--(Marketwired - Nov. 23, 2017) - Petroteq Energy Inc. (the "Company") (TSX VENTURE:PQE)(OTCQX:PQEFF)(FRANKFURT:MW4A), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announces the execution of a memorandum of understanding (the "MOU") with Deloro Energy LLC ("Deloro").
Pursuant to the terms of the MOU, and subject to all applicable director, shareholder and regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV"), Deloro will loan Petroteq Energy CA, Inc. ("Petroteq Energy CA"), a wholly owned subsidiary of the Company, US$10 million under a convertible debenture (the "Debenture") which will, subject to the terms and conditions of the Debenture, be convertible into up to 49% of Petroteq Energy CA. Petroteq Energy CA is the sole shareholder of Petroteq Oil Sands Recovery, LLC ("Petroteq Oil Sands") and TMC Capital, LLC ("Petroteq TMC").
Upon execution of the MOU, Deloro paid Petroteq Energy CA a US$50,000 non-refundable deposit. Pursuant to the terms and conditions of the MOU, under the Debenture:
Deloro will be required to loan US$9,950,000 in three tranches.
Upon receipt of the first tranche (US$2,500,000) Deloro shall be entitled to receive an economic royalty equal to 25% of the net profits of the Facility (defined below) from the date that the Facility is operational.
The parties agree that at least US$2,000,000 of the first tranche shall be allocated by the Company towards the capital costs and related expenses associated with the Company's planned expansion of the Facility's processing capacity to at least 1,000 barrels/day.
Upon receipt of the second tranche (US$3,500,000) Deloro's economic royalty will increase to 35%.
The second tranche shall only become due and owing by Deloro upon the Company completing its expansion of the Facility's processing capacity to at least 1,000 barrels/day.
If Deloro fails to provide the second tranche by the deadline, subject to a grace period, the first tranche will automatically convert into a 25% equity interest in Petroteq Energy CA, with the Company maintaining an option to repurchase such equity for the principal amount of the first tranche for a period of 12 months.
Upon receipt of the third tranche (US$3,950,000), which is expected to occur on or before June 1, 2018, Deloro's economic royalty will increase to 49%.
If Deloro fails to provide the third tranche by the deadline, subject to a grace period, the first and second tranches will automatically convert into a 35% equity interest in Petroteq Energy CA, with the Company maintaining an option to repurchase such equity for the principal amount of the first and second tranches for a period of 12 months.
While the Company continues to work towards completing the transaction contemplated by the MOU, there can be no assurance that a viable transaction will result or successfully conclude in a timely manner, or at all. Additional information will be released by the Company as it occurs.
The MOU contains a number of conditions precedent to the obligations of Petroteq Energy CA and Deloro, including, but not limited to, board of director and TSXV acceptance. Unless all such conditions are satisfied or waived by the party for whose benefit such conditions exist, to the extent they may be capable of waiver, the transactions contemplated by the MOU and the Debenture will not proceed. There is no assurance that the conditions will be satisfied or waived on a timely basis, or at all.
In addition, the Company announces that it has received subscriptions from two arm's length investors for 472,592 common shares of the Company for gross proceeds of US$127,599. The shares will be subject to a four month hold period from the date of issuance. The issuance is subject to final approval of the TSXV. The net proceeds will be used by the Company for general corporate purposes and working capital.
About Petroteq Energy Inc.
ANCE is the daily trade; play the pump . be swift ;fold and run
get XGTI now in premarket : this is gooing to be one of the NASDAQ biggest winner of the day. Get it now under 1.80!
Please stay alert. These aren't zzzzz sleeping times ! Deal closing for MJOG and ATC Holding reverse merger is IMMINENT.But if ATC could just get a piece of the cleaning action for the Keystone oil pipeline leakage we off to the moon.
Read this:
Their patented machinery, equipment, tooling, and accessories have made ATC unique in the industry. ATC will take their proven techniques and equipment and make them even more effective and safer with the latest robotic and cobotic technologies. Having originally been focused in the Southeast U.S., serving the Pulp and Paper Industries. ATC are experts in providing problem-solving technologies and solutions for ponds and lagoons of all types, specializing in removing dense and viscous material not easily removed by conventional methods.
The acquisition should be completed within 30 business days in accordance with the terms and conditions of the share exchange agreement.
still under the time frame; fasten your seat belt !
get ready it is imminent NOW! MJOG in for monster gains
Holders will be pleasantly surprised by monster MJOG gains in less than a week
. MARK MY WORD
SWEE , SGMD and ZENO for the day; MJOG STILL READY TO LAUNCH
ZENO will run hard today. all the TDT picks from last week still doing great
US otc ECAOF Bid 0.3088, Ask/offer 0.335
Canadian EOG Canadian bid 0.3928, ask/offer 0.4272
ECAOF
AOUFF
MJOG
FNRC
CORRECTION : THE OTCB symbol for our second pick is AOUFF instead of aouf
Oil And Gas Industry Future Looks 'Attractive'
by Alex Mills|Texas Alliance of Energy Producers|Friday, November 10, 2017
After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback.
A recent report by Morgan Stanley stated: “The exploration and production (E&P) outlook is attractive.”
“Energy sentiment has improved from two months ago, as the oil supply and demand balance has tightened and revisions turn positive,” the report continued
“Expectations for U.S. oil production growth have also been tempered, as the U.S. E&P industry faces execution challenges from tighter services markets and also feels investor pressure for improved capital discipline.
“OPEC remains committed to production cuts, with steadily improving (and high) compliance. Simultaneously, global oil demand growth continues to surprise to the upside, and is on trend to continue to significantly exceed the historical average into 2018,” the report stated.
“Investor interest has increased, though many remain unconvinced about the sustainability of the current rally. We believe that fundamentals appear to be the strongest they have been since the start of the downturn and, in our view, capable of underpinning some increase in long-term oil price expectations,” the report stated.
Adding to the optimism is the monthly report of the Texas Petro Index, which shows another month of recovery.
Upstream oil and gas activity in Texas increased into the 10th straight month, according to the Texas Petro Index, which rose to 181.4, 21.4 percent higher than last year.
“Crude oil prices in Texas have been the essence of stability for more than a year,” said Karr Ingham, the economist who created the TPI and updates it monthly, noting that average monthly oil prices in Texas have increased slowly but steadily since dipping to a low of $27.08/bbl in February 2016. “Demand is beginning to show signs of recovery and foreign oil suppliers led by OPEC appear to be committed to maintaining announced production cuts.”
Ingham said another sign that upstream oil and gas companies in Texas have continued to regain economic vitality since the last downturn is the steady increase in numbers of employees producing oil and gas. According to the TPI, the payrolls of companies producing oil and gas in Texas averaged, 222,925 during September, about 30,900 more than the nadir of industry employment, about 192,000 in December 2014.
“Spurred by the little uptick in prices, Texas producers this year through September have recovered nearly 10.8 million barrels more oil than in the first nine months of 2016,” Ingham said. “It is uncertain how long the current pricing environment will continue and where we’ll go from here. But the momentum of the TPI indicates Texas producers will recovery a record volume of crude oil during 2018.”
The Baker Hughes count of active drilling rigs in Texas averaged 453 units, 85.7 percent more units than in September 2016 when an average of 244 rigs were working. Drilling activity in Texas peaked in September 2008 at a monthly average of 946 rigs before falling to a trough of 329 in June 2009. In the economic expansion that began in December 2009, the statewide average monthly rig count peaked at 932 in May 2012 and June 2012. The number of original drilling permits issued was 903, 21 percent more than the 746 permits issued in September 2016.
Alex Mills is the former President of the Texas Alliance of Energy Producers. The opinions expressed are solely of the author.
Commodities COMMODITIES
Brent Crude Oil : $63.93/BBL UP 0.69%
Light Crude Oil : $57.17/BBL UP 0.63%
Natural Gas : $3.2/MMBtu UP 0.62%
Updated today
OUR SECOND PICK FOR THE DAILY TRADE IS:
PWM : Power Metals Corp or otcb: AOUF. very interesting after strong drilling results for lithium spodumene discoveries. The icing comes really with its partner MGX Minerals: PLEASE READ ON AND BUY AOUF @ OPEN.
PWM price for Friday close is .428 and AOUF @ .341
This is dated as of August 2nd :
XMG will receive a call option to purchase up to 10,000,000 common shares of PWM at a price of C$0.65 per share for a period of 36 months.XMG will acquire all of the Company's current U.S. Petrolithium Brine assets (listed below).
XMG will take a 20 percent working interest in all of the Company's current hard rock assets (listed below) and any future assets that the Company acquires for the following 36 months.
XMG will have the right to purchase an additional 15 percent working interest of the Company's hard rock assets for a period of 36 months for a total of C$10,000,000.
AND TODAY'S NEWS COMES OUT AS:
November 13, 2017 00:05 ET
Power Metals Discovers up to 40 % Spodumene on Surface at New Zone at Case Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:AOUFF) is pleased to announce that it has discovered large spodumene megacrysts (up to 32 cm long) on the Northeast Dyke located 900 m northeast along strike of the current drill program on the North and Main Dykes and is within the same tonalite dome as the North and Main Dykes. This discovery of these large and abundant coarse grained spodumene crystals gives us evidence of the presence of high grade lithium. Since the Northeast, North and the Main Dykes are along the same strike and within the same dome indicates that they were emplaced along the same deep-seated structure. The Northeast Dyke has a pair of parallel pegmatite dykes: north and south outcrops similar to the North and Main Dykes that are currently being drilled.
Power Metals' exploration team peeled back thick moss to discover abundant coarse-grained spodumene crystals on the south outcrop of the Northeast Dyke whereas the one previous historic grab sample had no spodumene (Figure 4). The spodumene crystals ranges from 3 to 13 cm long and up to 2 to 3 cm wide. The spodumene ranges from 2-10% and locally up to 20% of the pegmatite dyke. One green spodumene crystal was 32 cm long by 2 cm wide (Figure 1). The mineralogy of the south outcrop is similar to that in the Main Dyke. The pegmatite consists of white coarse-grained K-feldspar, quartz, spodumene and muscovite. The quartz core of the pegmatite dyke contains up to 40% spodumene megacrysts with cross sections up to 14 cm across (Figure 2). The length of the spodumene crystals is always greater than the cross section, so these are significantly long crystals. Brent Butler, P.Geo and CEO of Power Metals stated, "These newly discovered spodumene crystals in this new zone are the largest I have ever seen on any property in all my years."
The south outcrop spodumene pegmatite dyke appears to be 3 to 6 m wide, but that was the limit of the peeled moss, the actual width of the dyke may be more with additional excavation. The south outcrop has a 70 m strike length.
Prospecting and peeling moss also revealed that the north outcrop of the Northeast Dyke also contains megacrysts of spodumene. A pale green spodumene megacryst 30 cm long and 8 to 10 cm wide was discovered next to a cluster of radiating spodumene crystals (Figure 3). The pegmatite consists of spodumene, K-feldspar, quartz and aplite similar to the North and Main Dykes.
Power Metals is planning a 2000 m drill program on the Northeast Dyke in January 2018.
Dr. Selway, VP of Exploration stated "The discovery of spodumene megacrysts in the two outcrops for the Northeast Dyke indicates that this dyke has high potential to host spodumene mineralization similar to that in the Main Dyke. I am excited to drill the Northeast Dyke this winter to test the extent of the lithium mineralization."
Brent Butler, CEO stated, "Case Lake continues to amaze us. Firstly, we are nearing completion of our initial 5000 m drill program and we will have a large amount of assays to press release to the market in the coming 2 months as we receive assay results from the lab. The first batch of assays we press released on November 2nd were exceptional so we are excited to see more. Secondly, this new high grade zone located approximately 1km away from our current drill site is a huge discovery as the richness of spodumene in this new zone looks to be richer than what was on surface at our current drill location."
This week is power week for MJOG. There will be increased momentum and price appreciation until the R M deal is consummated. MARK MY WORD!
Good Morning Mr X Factor: just trying to share the wealth, if MJOG is really not appealing to you why not consider our THE DAILY TRADE board and take a look at ECAOF just for a daily trade.
For our today's DAILY TRADE, i have found :Eco Oil and Gas. CVE: EOG and otcb: ECAOF. Again, with the oil and gas sector on momentum sector play, this could be very interesting :The premium priced placing is pitched some 28% above Friday’s closing share price.
Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership
ECAOF friday's closing is $ .248 and EOG is $.38 making the OTCB shares even more interesting as they have to align with the current Canadian price.So ECAOF could go as high as 50% today. TRY GETTING IN FIRST SECOND AT OPEN.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI) (OMX:AOI) is pleased to announce that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the "Investment Agreement"), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million (approximately US$10.9 million).
Eco Atlantic Oil & Gas Ltd (LON:ECO) revealed it has raised £8.46mln of new capital and added Africa Oil Corp to its shareholder register.
Africa Oil Corp, an explorer that’s seen significant recent success with new discoveries, has subscribed for a 19.77% stake in the company, taking 29.2mln new Eco shares priced at 29p.
The premium priced placing is pitched some 28% above Friday’s closing share price.
Cash raised in the funding will be earmarked for Eco’s exploration ventures – specifically, Eco said it will allow the company to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
At the same time, Eco and AOC are entering a strategic alliance agreement to jointly bid on new assets and ventures. Also AOC chief executive Keith Hill will join the Eco board as a non-executive director.
Gil Holzman described Africa Oil Corp as “a like-minded company with a similar philosophy” highlighting that the new shareholder and potential partner is focussed frontier regions and has “significant financial muscle” to deliver on its strategy.
“Eco is now in an incredibly strong financial position,” Holzman said.
“We are funded for our forthcoming work programmes in both Guyana and Namibia through a series of agreements with Tullow Oil, AziNam, and Total and through these new agreements with AOC; we now also have the capability, as well as an industry leading partner, to identify further assets and to accelerate the work programmes on them.
“AOC is also, through its shareholding, now intrinsically aligned with Eco to deliver this strategy."
Good Morning Malone, for our today's DAILY TRADE, i have found :Eco Oil and Gas. CVE: EOG AND otcb: ECAOF.Again, withe oil and gas sector on momentum sector play, this could be very interesting :The premium priced placing is pitched some 28% above Friday’s closing share price.
Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership
ECAOF friday's closing is $ .248 and EOG is $.38 making the OTCB shares even more interrsting as they have to align with the current Canadian price.So ECAOF could go as high as 50% today. TRY GETTING IN FIRST SECOND AT OPEN.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI) (OMX:AOI) is pleased to announce that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the "Investment Agreement"), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million (approximately US$10.9 million).
Eco Atlantic Oil & Gas Ltd (LON:ECO) revealed it has raised £8.46mln of new capital and added Africa Oil Corp to its shareholder register.
Africa Oil Corp, an explorer that’s seen significant recent success with new discoveries, has subscribed for a 19.77% stake in the company, taking 29.2mln new Eco shares priced at 29p.
The premium priced placing is pitched some 28% above Friday’s closing share price.
Cash raised in the funding will be earmarked for Eco’s exploration ventures – specifically, Eco said it will allow the company to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
At the same time, Eco and AOC are entering a strategic alliance agreement to jointly bid on new assets and ventures. Also AOC chief executive Keith Hill will join the Eco board as a non-executive director.
Gil Holzman described Africa Oil Corp as “a like-minded company with a similar philosophy” highlighting that the new shareholder and potential partner is focussed frontier regions and has “significant financial muscle” to deliver on its strategy.
“Eco is now in an incredibly strong financial position,” Holzman said.
“We are funded for our forthcoming work programmes in both Guyana and Namibia through a series of agreements with Tullow Oil, AziNam, and Total and through these new agreements with AOC; we now also have the capability, as well as an industry leading partner, to identify further assets and to accelerate the work programmes on them.
“AOC is also, through its shareholding, now intrinsically aligned with Eco to deliver this strategy."
Good Morning Malone, for our today's DAILY TRADE, i have found :Eco Oil and Gas. CVE: EOG AND otcb: ECAOF.Again, withe oil and gas sector on momentum sector play, this could be very interesting :The premium priced placing is pitched some 28% above Friday’s closing share price.
Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership
ECAOF friday's closing is $ .248 and EOG is $.38 making the OTCB shares even more interrsting as they have to align with the current Canadian price.So ECAOF could go as high as 50% today. TRY GETTING IN FIRST SECOND AT OPEN.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI) (OMX:AOI) is pleased to announce that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the "Investment Agreement"), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million (approximately US$10.9 million).
Eco Atlantic Oil & Gas Ltd (LON:ECO) revealed it has raised £8.46mln of new capital and added Africa Oil Corp to its shareholder register.
Africa Oil Corp, an explorer that’s seen significant recent success with new discoveries, has subscribed for a 19.77% stake in the company, taking 29.2mln new Eco shares priced at 29p.
The premium priced placing is pitched some 28% above Friday’s closing share price.
Cash raised in the funding will be earmarked for Eco’s exploration ventures – specifically, Eco said it will allow the company to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes.
At the same time, Eco and AOC are entering a strategic alliance agreement to jointly bid on new assets and ventures. Also AOC chief executive Keith Hill will join the Eco board as a non-executive director.
Gil Holzman described Africa Oil Corp as “a like-minded company with a similar philosophy” highlighting that the new shareholder and potential partner is focussed frontier regions and has “significant financial muscle” to deliver on its strategy.
“Eco is now in an incredibly strong financial position,” Holzman said.
“We are funded for our forthcoming work programmes in both Guyana and Namibia through a series of agreements with Tullow Oil, AziNam, and Total and through these new agreements with AOC; we now also have the capability, as well as an industry leading partner, to identify further assets and to accelerate the work programmes on them.
“AOC is also, through its shareholding, now intrinsically aligned with Eco to deliver this strategy."
Could political tension in Saudi Arabia drive up gas prices?
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The rising political tension in Saudi Arabia could lead to an increase in gas prices. New video shows some of Saudi Arabia's richest and most powerful people sleeping on cots, with rifles behind them, while being detained at a Ritz-Carlton hotel. Many top Saudi officials were arrested over the weekend in what's called a sweeping corruption probe.
American officials now say some 500 people have been detained in a royal purge that has roiled oil prices and threatened geopolitical stability, reports CBS News' Bianna Golodryga.
Members of the royal family have been detained at the 5-star Ritz-Carlton hotel in Riyadh since the unprecedented weekend arrests.
Thirty-two-year-old Saudi Crown Prince Mohammed bin Salman says this is part of the effort to root out corruption from the kingdom.
"The question for investors is, is this a sign of a major reform effort that's needed to be done, or should we be concerned about internal instability," said commodity expert Helima Croft.
Croft says the oil market is concerned about the Middle East geopolitical risk driving up prices.
In terms of how it could affect the U.S., Croft said, "I think it's significant because it's a global market and so if we do see a problem in a major production zone, we will feel the effects at the pumps in terms of higher prices."
STAY IN THE OIL AND GAS SECTOR. It will be firing up on all cylinders.
small cap micro cap are gona be absolute winners.
Saudi Arabia orders citizens to leave Lebanon as tensions rise
Order raises fears that regional power battle between Saudi Arabia and Iran may be building towards military confrontation
Friday 10 November 2017 05.00 GMT Last modified on Friday 10 November 2017 07.54 GMT
Saudi Arabia has ordered its citizens to leave Lebanon immediately, escalating a regional standoff with Iran centred on the fragile state, which it claims is being run by Tehran’s proxy, Hezbollah.
The move follows a week of bellicose rhetoric from the Sunni Arab powerhouse about its Shia rival, drawing strong support from Donald Trump and Israel, all three of whom insist Iran is forging strongholds across the region.
The standoff has taken tensions between Riyadh and Tehran to new levels and raised fears that decades of distrust and manoeuvrings between the two may be building towards a military confrontation, underwritten by the Trump administration and joined by Israel.
The Saudi order for its citizens to leave, also made by the kingdom’s allies in Bahrain and Kuwait, came after the country’s foreign minister, Adel al-Jubeir, said his government would treat Lebanon as a hostile state as long as Hezbollah was in the government. He described Hezbollah’s participation in government as an “act of war” against Saudi Arabia.
The Israeli intelligence minister, Yisrael Katz, said on Thursday he believed conditions were ripe for a diplomatic offensive against Iran and Hezbollah at the United Nations, where he said Israel would seek better enforcement of a 2006 ceasefire agreement that called on Hezbollah to disarm and stay away from its border.
Allegations of a pact, at least on a de facto level, between Saudi Arabia and Israel were given impetus after it was revealed that Israeli diplomats were asked to repeat talking points, almost identical to remarks made by Saudi leaders after Saturday’s resignation of the Lebanese prime minister, Saad Hariri, claiming Hezbollah had made his job impossible.
Workers hang a poster of outgoing prime minister Saad Hariri with the Arabic words ‘We are all Saad’ in Beirut.
ask very thin: .1950 ; .40 ; .490 ; 1.00 :
dollar land is here sooner than later.one week left till merger.Expect update anytime ! IT'S GONA BE MAJECTC!
Legend Oil And Gas: Why The SEC Should Halt This Stock
Mar. 1, 2012 11:51 AM ET|24 comments| About: Legend Oil and Gas, Ltd (LOGL)
Isaac Silbermann
Isaac Silbermann
Long/short equity, long-term horizon, growth at reasonable price
(679 followers)
In the first 2 articles of my series on Legend Oil and Gas (OTCPK:LOGL), available here and here, I argued that the men leading Legend are corrupt individuals concerned not with enhancing shareholder value but with lining their own pockets. This was supported by substantial evidence of management's previous involvement in 4 separate Pump and Dump schemes utilizing numerous paid stock touts. In all 4 cases, these companies stood at between 87-95% below the peak prices realized during the "Pump" stage of the schemes.
Part 3 of the series focused on Legend Oil itself, how management created millions of dollars on paper for themselves via slick corporate transactions and how they continue to use the public entity, LOGL, like an ATM machine: extracting unreasonable salaries and "consulting fees" with no real oversight from the board of directors - which consisted only of management. Part 3 also provided a detailed examination of Legend Oil's marginal business activities and illustrated that the intrinsic value of Legend Oil is approximately $0.20 per share and falling due to continued extraction of cash by management and steadily declining production from their recently acquired properties. For those who are unfamiliar with the arguments contained in my original articles I strongly suggest reading them as the fundamental situation at Legend remains substantially unchanged in the 3 months that have passed since the articles were released.
This article will examine a number of until-now unexplored supporting evidence that Legend Oil is the subject of a Pump and Dump scheme, a scheme that has recently been aggressively re-activated and continues to lure in unsuspecting investors with the promise of quick riches. I contend that Legend Oil's management is directly involved in this scheme, and will illustrate that they are fraudulently misleading investors through a series of false press releases and deliberate material misstatements about business activities to the SEC. Furthermore, if the past is any guide, the corporate malfeasance at Legend Oil to date is sufficient to warrant an SEC trading halt or suit against company management.
Additional, Aggressive Paid Stock Promotion Following the Release of Initial Articles Exposing the Company
In the months following my original articles examining Legend in depth, the individuals involved in touting Legend's stock have responded by releasing additional paid promotional pieces. Paid stock promoter Don McShane has been a key figure in this campaign, releasing a number of promotional pieces which openly admit in fine-print disclaimers that they are paid-advertisements for Legend's stock. These pieces read like high pressure sales pitches with claims such as buying Legend's shares "could quickly double, even triple your money!" Important to note is the information contained disclaimer of the most recent such piece available here:
GOOD MORNING! OBE IS THE DAILY TRADE
With oil and gas jumping through the roof ,consider obe today and mjog with buy and hold ( next week will be very interesting for mjog )
OBE TODAY!
Obsidian Energy Announces Strong Third Quarter Results and 2018 Budget.
The Q3 program is beating forecast and reaffirms production guidance
Second half projects in the Cardium, Alberta Viking, and Peace River are delivering strong rates and reinforcing the value of our disciplined project funding and execution. As a result of production management and new well delivery, we are forecasting full year 2017 production at the high end of our 30,500 – 31,500 boe per day guidance range.
Underperformance despite turnaround success
By most measures, Obsidian's turnaround effort has been a success. The company has reduced operating areas by 90%, field offices by 73%, head-office space by 90%, and realized a 33% reduction in per barrel operating costs. Net debt has fallen from $4 billion in 2012 to $400 million today. The company has announced a realistic and achievable five-year plan that involves spending within cash flow at $50 oil, and has well respected leadership in David French, Obsidian's new CEO.
Zig into JROOf and Zag into MJOG . I have both, only there is a 17$ million dollar reverse merger on this one with no reverse split. At only $ 1.2 mil makt cap and a very low float of 9.17 mil shares , MJOG @ .138 is really screaming buy with just a week left before deal closing.
SOURCE: Majestic Oil & Gas, Inc.
October 10, 2017 09:23 ET
Majestic Oil & Gas, Inc. Announces Intent to Acquire Palatka, FL-based ATC Holding, Inc.
MORGANTOWN, WV--(Marketwired - Oct 10, 2017) - Majestic Oil & Gas, Inc. (OTC PINK: MJOG) is pleased to announce it has executed a Letter of Intent pursuant to which "MJOG" will acquire all of the issued and outstanding shares of Palatka, FL-based ATC Holding, Inc. The acquisition should be completed within 30 business days in accordance with the terms and conditions of the share exchange agreement.
ATC was established on January 10, 2013, as a Florida Corporation which was founded from the legacy of the Staples Brothers, who from 1976 specialized in maximizing the holding capacity of a wide range of industrial vessels through recovery, recycling, or cleaning. These concepts were utilized in other holding areas, such as industrial ponds and lagoons. Their patented machinery, equipment, tooling, and accessories have made ATC unique in the industry. ATC will take their proven techniques and equipment and make them even more effective and safer with the latest robotic and cobotic technologies. Having originally been focused in the Southeast U.S., serving the Pulp and Paper Industries. ATC are experts in providing problem-solving technologies and solutions for ponds and lagoons of all types, specializing in removing dense and viscous material not easily removed by conventional methods. ATC has expanded its services to include working with industrial storage tank cleaning problems, particularly the removal of heavy residue from large diameter vessels. They have cleaning systems that can be used while the tank is still in operation, without the necessity for tank entry. Our patented "Soap Recovery Bucket" is the only portable system on the market capable of removing the valuable soap, and restoring lost capacity in a cost effective manner. This creates a safer, more cost effective solids removal. During outages, they provide equipment that slurries the sludge to return to use. We also grind up the material and send it down a vacuum system, to a waiting truck. For ATC to continue its profitability and growth, and develop new markets, they will expand their manufacturing and service capabilities over the next five years.
"ATC has contracts with Fortune 500 companies such as Georgia Pacific, Kimberly-Clark, International Paper Co., sales of over $2 million dollars, and potential future jobs of over $17 million in the pipeline. ATC is very excited to go public," said CEO, Wilford "Pete" Petersen.
is there really something to happen on Friday Malone? i am just about to add another 5 milion FNRC shares today. What's the beef?
there is a hint of sarcasm by the X man.idon't believe none of his posts; he posted this on the 3rd : so he is really wishing for MJOG to crater
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MJOG looks very weak. Looks like a good buy at .05
MJOG refueling for the rocket launch!
what's in it for you' i thought you said you are waiting for .04 or lower, so just sit on the sidelines and wait.
so coming to your rescue : take a look at our THE DAILY TRADE board :
BXTMF IS OUR DAILY PICK : will run high on new high grade gold discovery. mark my word!
BXTMF : HUGE GOLD DISCOVERY ON HIGH GRADE, WILL RUN HIGH TODAY
the great silence before the BIG BANG and it 's going to be so majestical!
why Friday, why not Monday or next year for that matter? Elaborate!
hey Malone and all TDT followers: WRFX IS OUR DAILY PICK! news update follows on great price and volume momentum.
LOS ANGELES, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Paranotek, a wholly owned subsidiary of WorldFlix, Inc. (OTC:WRFX), today announced plans to release its encrypted chat demonstration app and B2B business strategy.
Paranotek is an international, end-to-end encryption software company that has developed ‘Parano’, a post-quantum, cryptographic protocol, designed to resist sophisticated security hacks both currently in use and expected in the near future from advances in super and quantum computers. The company’s latest security software solutions will allow governments and corporations across multiple industries such as healthcare and finance keep their employees and data safe while also monitoring and analyzing potential breaches and productivity with real-time, centralized reporting.
International cybersecurity expert Mick Davis recently joined Paranotek as CEO. Mr. Davis has a background in world-class commercial and military information services and security innovations, returning to part-time military service with the department of defense and intelligence community after 9-11. Mr. Davis’ career experience includes a senior role supporting the decommissioning of the Joint Task Force Global Network Operations (JTF-GNO) and standing up the United States Cyber Command (USCYBERCOM). In addition to accelerating plans to release the company’s encrypted collaboration chat app and focus on B2B solution sales, Davis today announced plans to restructure Paranotek in order to accommodate superior investment as well as attract top level developers and management.
The global encryption software market is expected to grow from USD 3.87 Billion in 2017 to USD 12.96 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 27.4%. The demand for encryption software tools is driven by stringent government regulations and the need to protect critical information. In February 2016, the National Institute for Standards and Technology (NIST) called for proposal submissionsforquantum-resistant cryptographic algorithms for new public-key crypto standards.
“Lauri Tunnela and his Finland based ‘Paranotek Team’ has built a solid foundation to serve the Global Encryption Software Market with its post-quantum cryptology flagship product ‘Parano’. Now we want to position the company correctly to achieve our next milestones – increased corporate sales, improved investment opportunities, adherence to international regulatory requirements and recruitment of the top minds in the industry,” stated Mick Davis, CEO of Paranotek. “We are currently restructuring the company to meet these growth objectives. We will accelerate the delivery of our Parano embedded chat app, focus on partnering with major service providers in the US and Europe and build out our delivery footprint for cloud based encryption services. We will also continue to support Swantry, the family oriented privacy app that uses Parano.”
“While expanding our business, we will keep a focus on international regulatory requirements to minimize our burden when it comes to exposure to dual-use item regulation and export controls. We will also structure the company to attract both international early stage investment as well as traditional institutional investment. This new structure will also enable us to recruit talented cryptologists and management as we can offer them a stake in our future success,” concluded Davis.
Brad Listermann, Chairman and CEO of WorldFlix, Paranotek’s parent company, added, “I have been working closely with Mick and am quite excited about the roadmap he has developed for Paranotek. I am confident in Mick’s vision and leadership and look forward to updating our shareholders on the company’s progress thru the end of this year and into the next.”
What Comes Next for Oil?
Obviously, the Iranian hawks feel they are winning by bogging down Saudi Arabia in Yemen. They also feel good with their presence in Iraq and Syria. The new Prince of Saudi Arabia has to win on the battlefield. A hot war between these two Middle East powers would send oil sky high.
The Saudis produce 10.4 million bbl/day; Iran produces 3.99 million bbl/day.
On the international side, global demand is picking up with the global economy. China, the EU, and the U.S. have all reported accelerated growth last quarter.
Furthermore, the U.S. is exporting more oil due to the higher price of Brent on the world stage.
The market is getting tighter. Production in new fields has been stagnant for years. Fracking has a short time horizon per well.
Given the nature of markets overshooting, and even without a major disruption like a Saudi civil war, I expect oil to hit $90 over the next few quarters, at which point small-cap upstream oil companies will thrive.
Sincerely,
OIL AND NAT GAZ PRICES are firing up the cylinders!
TDA just upped the ask price to an even $ 1.0. VERY INTERESTING!
Saudi Crisis: Oil Prices to Ramp
Christian DeHaemer Photo By Christian DeHaemer
Written Monday, November 6, 2017
Saudi Arabia had a tough weekend.
Missiles were fired from Yemen into Saudi Arabia. The missiles were aimed at an airport outside of Riyadh, which is about 620 miles from Yemen. The Saudis used a U.S.-built Patriot surface-to-air anti-missile battery.
Prince Alwaleed bin Talal, the familiar Wall Street billionaire, was arrested over the weekend on corruption charges. He was a big investor in early internet startups like Twitter and Priceline. In the financial world, he is the face of Saudi Arabia.
Saudi Prince Mansour was killed in a helicopter crash 70 miles from the border with Yemen — cause of the crash is unknown. Mansour is the son of Prince Muqrin bin Abdulaziz, who resigned as crown prince to make way for King Salman’s son Mohammed bin Salman (a.k.a. MBS).
1st NRG Corp New (FNRC) Under the Watchful Eye of Investors.
1st NRG Corp New (FNRC) shares have sparked the interest of some chartists as the Money Flow Index has climbed above 60, potentially heading for key 70 levels. The Money Flow Index is an indicator that utilizes the volume and volatility of an asset to determine the buying or selling pressure of an asset. The indicator was developed by Avrum Soudack and Gene Quong as a volume-weighted variation of the RSI.
The Money Flow Index is calibrated from 0 to 100, and creates a money flow ratio (Positive Money Flow to Negative Money Flow) over a time period. This money flow ratio is what is pushed into an RSI formula to create a momentum indicator. Being a momentum indicator, the Money Flow Index (MFI) is capable evaluating overbought and oversold market conditions, using values of 70-80 and above for overbought conditions and 20 and below for oversold situations.
FNRC ABOUT TO PUT THE PEDAL TO THE METAL! MARK MY WORD!