I don't give people hell, I just tell them the truth and they think it's hell. H. Truman
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The Company, through its wholly owned subsidiary Ridgeway Arizona Oil Corp., owns and operates an approximate 100% interest in various units and leases within the 25,000 acre Chaveroo field. The Company has an average net revenue interest of approximately 75.5%.
The Chaveroo San Andres field was discovered in 1960 and to date has produced over 25 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,500 feet. Since purchasing interest in the field, the Company has upgraded surface facilities, reactivated several additional wells and plugged and abandoned numerous wells. Current production at Chaveroo is approximately 30 bopd. As with the Milnesand field, there is a potential to increase recovery efficiencies in the Chaveroo field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery projects.
The Company, through its wholly owned subsidiary EOR Operating Company, owns and operates a 100% interest in the 4,880 acre Milnesand San Andres Unit and a 100% interest in the adjacent 1,800 acre Horton Federal lease. The Company has an average net revenue interest of approximately 80%.
The Milnesand San Andres field was discovered in 1959 and to date has produced roughly 12 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,700 feet. Subsequent to purchase, the Company has upgraded surface facilities, reactivated several wells, converted several wells to water injectors and completed a pilot CO2 flood over a limited area in the north portion of the field Current production at Milnesand is approximately 60 bopd. There is a potential to increase recovery efficiencies in the Milnesand field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery project.
15,000 acres, $68.5 million
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
$5.5 million raise!
15,000 acres, PV-10 $68.5 MILLION
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
Adding shares, making $$$!
15,000 acres, $68.5 million
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
. $5.5 MILLION IN CASH!
Just as PREDICTED!
FACT! . $5.5 MILLION IN CASH!
$5.5 million in CASH
15,000 ACRES IN THE PERMIAN BASIN.
PV-10 value $68.5 million.
$$$$$
15,000 acres, $68.5 million
From the SEC FILING....FLAWED TESTING RESULTS
Upon review of the July 2014 test results and preliminary report by Dr. Tao, STWA and TransCanada mutually agreed that this initial test was flawed due to, among other factors, the short term nature of the test, the inability to isolate certain independent pipeline operating factors such as fluctuations in upstream pump station pressures, and limitations of the AOT device to produce a sufficient electric field to optimize viscosity reduction. Although Dr. Tao’s preliminary report indicated promising results, STWA and TransCanada mutually agreed that no conclusions could be reliably reached from the July 2014 test or from Dr. Tao’s preliminary report.
The facts are the facts.
Mr. Bigger states...
At this time, our technology is commercially unproven, and the use of our technology by others is limited. The commercial success of our products will depend upon the adoption of our technology by the oil industry.
Date: March 16, 2015 /s/ GREGGORY BIGGER
75% reduction in share price.
ZERO has been dumped since August 2013, $1.81 to today shareprice of .40.
No so funny, share price down 6.8% in early trading. Barely holding on to the forties.
15,000 acres, $68.5 million
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
$5.5 million raise!
15,000 acres, PV-10 $68.5 MILLION
The Company, through its wholly owned subsidiary EOR Operating Company, owns and operates a 100% interest in the 4,880 acre Milnesand San Andres Unit and a 100% interest in the adjacent 1,800 acre Horton Federal lease. The Company has an average net revenue interest of approximately 80%.
The Milnesand San Andres field was discovered in 1959 and to date has produced roughly 12 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,700 feet. Subsequent to purchase, the Company has upgraded surface facilities, reactivated several wells, converted several wells to water injectors and completed a pilot CO2 flood over a limited area in the north portion of the field Current production at Milnesand is approximately 60 bopd. There is a potential to increase recovery efficiencies in the Milnesand field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery project.
The Company, through its wholly owned subsidiary Ridgeway Arizona Oil Corp., owns and operates an approximate 100% interest in various units and leases within the 25,000 acre Chaveroo field. The Company has an average net revenue interest of approximately 75.5%.
The Chaveroo San Andres field was discovered in 1960 and to date has produced over 25 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,500 feet. Since purchasing interest in the field, the Company has upgraded surface facilities, reactivated several additional wells and plugged and abandoned numerous wells. Current production at Chaveroo is approximately 30 bopd. As with the Milnesand field, there is a potential to increase recovery efficiencies in the Chaveroo field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery projects.
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
Read the report. $68.5 PV-10
$68.5 million, 15,000 acres
LMAO, .06 is in the money!
$$$$$$$$$$$$$$$$$$$$$$$$
Ready to Rock n Roll!!!
$$$$$$$$$$$$$$$$$$$$
Adding shares, making $$$!
75% reduction in share price.
ZERO has been dumped since August 2013, $1.81 to today shareprice of .42.
The Company, through its wholly owned subsidiary Ridgeway Arizona Oil Corp., owns and operates an approximate 100% interest in various units and leases within the 25,000 acre Chaveroo field. The Company has an average net revenue interest of approximately 75.5%.
The Chaveroo San Andres field was discovered in 1960 and to date has produced over 25 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,500 feet. Since purchasing interest in the field, the Company has upgraded surface facilities, reactivated several additional wells and plugged and abandoned numerous wells. Current production at Chaveroo is approximately 30 bopd. As with the Milnesand field, there is a potential to increase recovery efficiencies in the Chaveroo field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery projects.
The Company, through its wholly owned subsidiary EOR Operating Company, owns and operates a 100% interest in the 4,880 acre Milnesand San Andres Unit and a 100% interest in the adjacent 1,800 acre Horton Federal lease. The Company has an average net revenue interest of approximately 80%.
The Milnesand San Andres field was discovered in 1959 and to date has produced roughly 12 million barrels of crude oil. The field produces from fractured, low porosity dolomites at a depth of approximately 4,700 feet. Subsequent to purchase, the Company has upgraded surface facilities, reactivated several wells, converted several wells to water injectors and completed a pilot CO2 flood over a limited area in the north portion of the field Current production at Milnesand is approximately 60 bopd. There is a potential to increase recovery efficiencies in the Milnesand field through the drilling of horizontal infill wells. These horizontal wells could also be utilized for future enhanced oil recovery project.
Enhanced Oil Resources Inc. Announces USD $5,500,000 Private Placement
HOUSTON , April 9, 2015 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR; OTCQX: EORIF) (the "Company") announces that it will conduct a non-brokered private placement (the "Private Placement") of common shares (the "Shares") of the Company at a price of CAD $0.05 per share to raise gross proceeds of up to USD $5,500,000 . The number of Shares to be issued will be determined by dividing the gross proceeds received by the US Dollar equivalent of CAD $0.05 on the Private Placement closing date.
Mr. Bigger states...
At this time, our technology is commercially unproven, and the use of our technology by others is limited. The commercial success of our products will depend upon the adoption of our technology by the oil industry.
Date: March 16, 2015 /s/ GREGGORY BIGGER
On July 15, 2014, TransCanada notified the Company of TransCanada’s election to cancel, effective October 15, 2014.
http://www.sec.gov/Archives/edgar/data/1103795/000101968714002775/stwa_8k-ex1001.htm
$5.5 million raise!
15,000 acres, PV-10 $68.5 MILLION
Enhanced Oil Resources announces initiation of lateral drilling program
Enhanced Oil Resources Inc. (EOR.V) is pleased to announce that the three well lateral drilling program at the Company's wholly owned Milnesand San Andres oil field has commenced.
As previously reported, the Company is initiating the first ever lateral drilling program at the Milnesand San Andres oil field, located in Roosevelt County, New Mexico. The initial program of 3 horizontal wells is expected to take approximately 30 to 45 days to complete and will be followed by extensive testing and potentially, fracture stimulation.
Enhanced Oil Resources Inc. Announces USD $5,500,000 Private Placement
HOUSTON , April 9, 2015 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR; OTCQX: EORIF) (the "Company") announces that it will conduct a non-brokered private placement (the "Private Placement") of common shares (the "Shares") of the Company at a price of CAD $0.05 per share to raise gross proceeds of up to USD $5,500,000 . The number of Shares to be issued will be determined by dividing the gross proceeds received by the US Dollar equivalent of CAD $0.05 on the Private Placement closing date.
15,000 acres, $68.5 million
Enhanced Oil Resources Inc. owns and operates two large historic oil fields in New Mexico, the Milnesand & Chavaroo oil fields. Recorded Production of these two fields is in excess of 37 million barrels, representing approximately 10% of the oil in place. The Company plans to unlock the value in these resource-rich fields by increasing the efficiency of its operations, and by applying new and proven unconventional production technologies.
You're WRONG AGAIN.
$$$$$$$$
EOR currently owns 15,000 acres, PV-10 $68.5 million.
CEO SAYS ITS NOT COMMERCIALLY PROVEN and HAS NOT BEEN ACCEPTED BY THE OIL INDUSTRY!
March 16, 2015
Mr. Bigger states...
At this time, our technology is commercially unproven, and the use of our technology by others is limited. The commercial success of our products will depend upon the adoption of our technology by the oil industry.
Date: March 16, 2015 /s/ GREGGORY BIGGER
Greggory Bigger
Chief Executive Officer
LMAO, so far they have struck out each time at bat!