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Up Next...POWER HOUR!
Bid/Size 0.0007 / 4,341,800 Ask/Size 0.0008 / 2,000,000
Bid/Size 0.0005 / 18,275,300 Ask/Size 0.0006 /????
Bid/Size 0.0005 / 14,070,300 Ask/Size 0.0006 / ????
Yeah, we've had strong historical support here. Just wish the volume was based on buying instead of selling. On the other hand, what an entry for an easy double plus
Sounds like you've got a plan.
Good luck!
No Dilution...acording to TA.
LOADING ZONE!!!
W2 has been busy. We should be hearing of progress on the Artic Solar deal shortly.
This PR came out Friday.
http://ih.advfn.com/p.php?pid=nmona&article=51750782
Ask getting thin...610k left @ .009
Im loaded and patiently waiting for news.
Bid/Size 0.0007 / 10,878,500 Ask/Size 0.0009 / 2,009,900
Agree...nice place to load before it runs. If you can get the shares.
LOL!
SCOTTSDALE, Ariz., March 1, 2012 /PRNewswire via COMTEX/ -- EGPI Firecreek, Inc. (OTCBB: EFIR) announced an Agreement to sell 37.5% working interest and 28.125% net revenue interest (NRI) in its three Crawar #2 oil wells located on the North 40 acreage of the J.B. Tubb Leasehold Estate to UK based Cubo Energy, PLC (CUBO) for 1.15 million dollars in a share issuance.
The Agreement also calls for additional $4.5 million in 2012 capital expenditures (CAPEX) for new drilling and joint development
I think the Artic Solar deal with W2 should be worth 2.5 to 4 million. Cash or stock it all spends
Thanks GhostDog...for being REAL!
Gives me a warm fuzzy so many worried about my prosperity
EFIR current sp a reslut of supply and demand. Even though EFIR holdings in Cubo Energy alone is valued 5X current pps and pending deal with W2 for Artic Solar could expand EFIR value by a multipal. Until demand increases we will contine to be manipulated at current over sold evaluation.
Hold tight and accumulate!!!
JMHO...GLTA
Link: Bloomberg quote for Cubo Energy 3CU:GR
http://www.bloomberg.com/quote/3CU:GR
Far from worthless!
In February 2011 the rules for the Open Market First Quotation Board changed. Since this point companies needed either total equity of € 500.000 and a minimum par value of 10 cent, or a published prospectus. Within 9 months the companies who did not match the criteria will be delisted.
This has nothing todo with the value of the deal between EFIR and CUBO. Nor does it mean CUBO stock is worthless.
Ofcourse to some the sky is always cloudly and grey
JMHO...GLTA!!!
Entry into a Material Definitive Agreement
Link: http://www.otcmarkets.com/stock/EFIR/financials
On February 29, 2012, EGPI Firecreek, Inc., (the “Registrant” or “Company”) through its wholly owned subsidiary Energy Producers, Inc. (“FIRECREEK”, “Assignor”, “Rights Holder”, “Option Holder”), entered into a Linear Short Form Agreement (the “AGREEMENT”), by and between the Registrant and i) Success Oil Co., Inc. located at 8306 Wilshire Blvd. #566 Beverly Hills, Ca. 90211, (“Success” or “Operator”) and ii) CUBO Energy, PLC and or its assignee, a public limited corporation organized under the laws of Great Britain with its principal place of business located at Thames House, Portsmouth Road Esher Surrey, KT10 9AD United Kingdom (“CUBO”, “Assignee”, or “Participant”), whereas (Firecreek, SUCCESS, and CUBO are collectively referred to therein the Agreement as the “PARTIES”).
The material terms of the Linear Short Form Agreement include:
1. The linear short form Agreement is agreed to be developed into the final long form agreement (“LFA”) to be completed and signed off by the parties by no later than March 15, 2012.
2. The general purchase price, effective date, and legal description of the North 40 interests of the TLE, and one additional wellbore (the “North 40 Interests”) subject to the formal LFA, to be assigned are as follows:
3. Purchase Price: $1.15 million in CUBO STOCK reduced by $450,000 liabilities to be assumed by CUBO and secured by its interests in the North 40 Interests.
4. Effective Date: March 1, 2012 unless otherwise mutually agreed in writing by the parties.
Legal Description subject to the long form LFA and final legal inspection for Assignment and Bill of Sale for the North 40 Interests:
Well No. API No.
Tubb Well #18-1 API 42-475-34136-0000
Crawar Well No.#1 API 42-475-33523
Crawar Well No.#2 API 42-475-33611
5. The Company shall sell its right, title and interest in and to the well(s) located on, and at all depths from surface to at least 8500’ feet (in the North forty (40) acres only), and the leasehold estate of, the J. B. Tubb lease, to be described on an Exhibit "A" to be attached to the LFA, Ward County, Texas (the “Tubb Lease”), consisting of no less than a 37.5% working interest with a 28.125% net revenue interest, along with all lease equipment, tanks and all other equipment, appurtenances, fixtures and property of every kind and character, movable or immovable, now and in the future used in connection with operating the well(s): ALL of Assignor's right's and obligations existing under all contracts and LOIs, including but not limited to, operating LOIs, unitization LOIs, pooling LOIs, declarations of pooling or unitization, farmout LOIs, assignments, tax partnerships, disposal LOIs, injection LOIs, gas sales contracts, gas processing contracts, and Paragraph 5 of that certain Assignment of April 9, 1992 from Amoco Production Company to Desert States Energy, Inc. Assignee has the duty to plug abandoned wells on said lease when required by law. A copy of all LOIs described herein have been previously delivered by the Assignor to the Assignee; and, Thirty Seven and One Half (37.5%) of One-Hundred percent (100%) TO HAVE AND TO HOLD unto CUBO Energy, PLC, its successors and assigns forever, all of Assignor’s rights, title, and interest in the (37.5%) working interest (28.125% net royalty interest) herein conveyed in the Highland Production Company (Crawar) #2 well-bore only; with depth of ownership 4700’ to 4900’ ft. in well-bore, and; The Highland Production Company (Crawar) #2 well-bore, API No. 42-475-33611, located on the J.B. Tubb Lease in W ½ of the NW ¼ of Sec. 18, Block B-20, Public School Lands, Ward County, Texas at 1787 FNL and 853 FWL being on the South Forty (40) acres of the J. B. Tubb Lease, Ward County, Texas. TO HAVE AND TO HOLD unto CUBO Energy, PLC, its successors and assigns forever, all of Assignor’s right, title, and interest in the Thirty-Seven and One Half percent (37.5%) working interest herein conveyed in the above described well-bore and;
6. The purchase price paid for the North 40 acres and interests described above this section of theTubb Lease shall be reduced by the assumption of assumed liabilities agreed in the formal LFA and Assignment and Bill of Sale, and that were incurred prior to the proposed effective date.
7. ALL of Assignor’s rights, title and interest of every kind, and subject to agreed existing Liens, in and to oil, gas, casinghead gas, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons, to the extent produced from the well(s) and leasehold interest in the North 40 of the J.B. Tubb Leasehold Estate (all of the above being herein called (the “Property”), to have and to hold unto Assignee, its successors and assigns forever.
8. The general purchase price, participation interest and terms, effective date, and legal description of the South 40 interests of the TLE, (the “South 40 Interests”) to be developed, subject to the formal LFA, to be assigned subject to terms are as follows:
(i) CUBO agrees to provide $1.575 million on a best efforts basis for Capital Expenditures (CAPEX) development fund for drilling an Ellenburger Well on the South 40 acreage to 8,300’ foot depth on a turnkey basis with Success as Operator and Co-Owner, through completion of the well to the tanks. CUBO will receive 37.5 Working Interests and corresponding 28.125% Net Revenue Interests. CUBO to grant Success Oil and Firecreek a carried interest in this well, with Success having a third for quarter interest otherwise described as a 25% Working Interest (WI) and corresponding 18.75% Net Revenue Interest (NRI), and Firecreek a 37.5% Working Interest with corresponding 28.125% Net Revenue Interest. CAPEX timing, 90 days.
(ii) CUBO additionally agrees to provide approximately 2.5 to 3.0 million the next two wells on a best efforts basis to be drilled on the South 40 acreage of the J.B. Tubb Leasehold Estate on the following basis: Success will have a carried interest for these next two wells (the second and third well drilled on the South 40 acreage) on the same basis as the Ellenburger or 25% WI and corresponding 18.75% NRI. Success will complete two wells to be determined by the parties on a Turn Key basis completed to the tanks. Success must participate after the third well going forward according to their interests after their carried interest shall end. Firecreek will borrow their share of the finance from CUBO who will provide 100% of the costs for the first of the next two wells (second well drilled). Firecreek will retain 75% WI with corresponding 56.25% NRI and pay back to CUBO its share of the Turn Key development out of 50% of its revenue until paid. Additionally, at payout by Firecreek shall grant to CUBO a 37.5% back in Working Interest and corresponding 28.125% Net Revenue Interest in the well. On the third well drilled and then every well determined to be drilled going forward by the parties, CUBO and Firecreek will equally share 100% of the costs as Firecreek then must participate and will be responsible to pay for its share of up to 37.5% WI and corresponding (up to) 28.125% NRI. For development selection re the two additional wells, the following formations are available for consideration in the South 40 acreage. Glorietta, Upper Clearfork, Tubbs, Lower Clearfork, Witchita Albany, Wolfcamp, Detrital Zone, Waddell.
(iii) ALL of Assignor’s rights, title and interest of every kind, shall be free and clear of all existing liens, in and to oil, gas, casinghead gas, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons, to the extent produced from the well(s) and leasehold interest in the South 40 of the J.B. Tubb Leasehold Estate (all of the above being herein called (the “Property”), to have and to hold unto Assignee, its successors and assigns forever.
A copy of the Linear Short Form Agreement is attached hereto as Exhibit 10.1.
I got it from my Scottrade detailed quotes.
EGPI Firecreek Inks LOI to Sell Interest in Arctic Solar Engineering
Now - Close-Up Media via Comtex
EGPI Firecreek announced the signing of a Letter of Intent to sell 51 percent majority interest in Arctic Solar Engineering to W2 Energy.
According to a release, Arctic Solar Engineering integrates Solar Thermal Energy technology patented over 30 years ago by Daimler Aerospace in Germany. This technology is effectively being used throughout Germany and other parts of Europe, Asia and the Middle East. Arctic Solar Engineering's competitive advantage is product knowledge and knowledge of how water based energy systems work. Arctic Solar Engineering and their Solar Thermal Energy Systems can be implemented to reduce an average buildings energy consumption by up to 70 percent.
Arctic Solar was acquired by EGPI Firecreek last year in an effort to expand the company's alternative energy division. The intended sale of the majority interest is being done in an effort to insure the growth and prospects of Arctic Solar Engineering, while EGPI Firecreek continues to focus its efforts and energies on the expansion and growth of its oil and gas division.
Dennis Alexander, EGPI's CEO, said, "We believe the synergies between W2 Energy and Arctic Solar will substantially benefit our remaining 49 percent interest in ASE. We view this transaction as a win/win for us as we will continue our emphasis on oil and gas expansion, while allowing for growth potential for ASE with increased business and opportunities available through the purchase by W2 Energy."
W2 Energy develops renewable energy technologies and applies it to new generation power systems.
EGPI Firecreek's business and acquisition strategy is focused on producing oil and gas.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Lets take out the .001 and raise support. Tired of being played with by a manipulator...lets take him out!
I think your right. But i would rather see a slow and sustained gain then a sudden spike only to fall again.
At some point we need some ask slappin and higher support.
Did my share of heavy lifting last week. I think there is a lot of upside here with not much down. Just a matter of time...Patients is the key at this point.
Thanks, will take em. Just slap the ask so you have some to sell. LOL
Can someone post L2 screen shot pls?
.0012s up and getting spanked!
Convertables are restricked. A agreement with WTWO and
some volume would would be nice
Oil above 100 bucks and NG vehicles being pushed. Especially with the high cost of diesel fuel for Semis. Hell yeah they want to acquire and develope properties. Plus we'd still own 49% of Artic Solar. Lets get the right money.$$$$
EGPI Firecreek announced the signing of a Letter of Intent to sell 51 percent majority interest in Arctic Solar Engineering to W2 Energy.
You know if we are getting Cash? Stock? Cash and Stock?
Ibox shows OS 228,665,348 currently. Mods is this correct?
228k market cap
Can someone post current SS# pls
AS, OS, Float...Thanks
W2 Energy Looks to Acquire Majority Interest of Arctic Solar Engineering
10 hours 9 minutes ago - Close-Up Media via Comtex
W2 Energy, Inc. announced that it is has signed a Letter of Intent to acquire a 51 percent majority interest in Arctic Solar Engineering, LLC ("ASE") from U.S.-based EGPI Firecreek, Inc.
According to a release on March 12, Arctic Solar Engineering, LLC integrates Solar Thermal Energy technology patented over 30 years ago by Daimler Aerospace in Germany. This technology is effectively being used throughout Germany and other parts of Europe, Asia and the Middle East. ASE's competitive advantage is product knowledge and knowledge of how water based energy systems work. ASE and its Solar Thermal Energy Systems can be successfully implemented to reduce an average building's energy consumption by up to 70 percent.
ASE's Solar Thermal Energy System was recently installed in the Chesterfield, MO, City Hall. The system consisted of 110 solar thermal arrays and an 8000 gallon thermal mass energy storage tank, which has a name plate capacity of 82 kilowatts and an estimated annual production of 110 megawatt hours. Energy savings to the City are expected to pay back 100 percent of the City's investment within 7 years, which will eventually equate to zero costs to the city for energy produced by the system.
Fred Sussman, Arctic Solar Engineering CEO, stated, "From the inception of our company, we had the foresight to see that our technology would help establish a significant importance in the way local, state and federal governments looked at cost effective renewable energy sources and energy conservation." He also stated, "We are excited at the prospects of having W2 Energy's expertise and commitment in expanding our presence in the water-based energy sector of the market."
Mike McLaren, W2 Energy President and CEO, stated, "We believe that Arctic Solar and its Solar Thermal Energy Systems will be an excellent addition to our service and product lines. By taking a majority interest in ASE, this strategic acquisition will enable us to expand our business base, while increasing our presence in the alternative energy market." He also stated, "We are confident that acquisitions like ASE will be an integral part in our Company's ability to show exponential growth. We look forward to working together with ASE and its management in order to effectively offer solutions to current demands by federal, state and local municipalities, as well as various commercial industries."
W2 Energy, Inc. develops renewable energy technologies and applies it to new generation power systems.
More information:
EGPI Firecreek Signs LOI to Sell Interest in Arctic Solar Engineering
Close-Up Media via Comtex
EGPI Firecreek announced the signing of a Letter of Intent to sell 51 percent majority interest in Arctic Solar Engineering to W2 Energy.
According to a release, Arctic Solar Engineering integrates Solar Thermal Energy technology patented over 30 years ago by Daimler Aerospace in Germany. This technology is effectively being used throughout Germany and other parts of Europe, Asia and the Middle East. Arctic Solar Engineering's competitive advantage is product knowledge and knowledge of how water based energy systems work. Arctic Solar Engineering and their Solar Thermal Energy Systems can be implemented to reduce an average buildings energy consumption by up to 70 percent.
Arctic Solar was acquired by EGPI Firecreek last year in an effort to expand the company's alternative energy division. The intended sale of the majority interest is being done in an effort to insure the growth and prospects of Arctic Solar Engineering, while EGPI Firecreek continues to focus its efforts and energies on the expansion and growth of its oil and gas division.
Dennis Alexander, EGPI's CEO, said, "We believe the synergies between W2 Energy and Arctic Solar will substantially benefit our remaining 49 percent interest in ASE. We view this transaction as a win/win for us as we will continue our emphasis on oil and gas expansion, while allowing for growth potential for ASE with increased business and opportunities available through the purchase by W2 Energy."
W2 Energy develops renewable energy technologies and applies it to new generation power systems.
EGPI Firecreek's business and acquisition strategy is focused on producing oil and gas.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
The gap got filled and then some. Looked like a bit of panic selling into the close. Im in and took advantage of the nervous trigger happy LOL 4x volume today...GLA
Extreme Bounce Play!
EMWW...SP .006 Shares Outstanding 24.0M
Market Capitalization 144.2K
Do your DD
Happy New Year!!!
EMWW...SP .006 Shares Outstanding 24.0M
Market Capitalization 144.2K
No dought....Ouch! LOL
Will be nice to see a little buying pressure and ask slappage. But im in no hurry. Ive been watching for a few weeks now and would of loved to collect up some of those .003s. But money was tied up at the time. Still think its a bargin here and fire sale priced, so it was easy to step up the bid. I didnt want to get hit with those 100 shares sales and not get filled. Looking forward to January PR and developments.
Yeap...with the current OS i was thinking the float couldnt be much. Ive seen shell stocks going for a heck of a lot more then the current market valve here. IMO its a No Brainer...gettem while there cheap