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Yes, I think your right it does follow the energy trend. Maybe we will get a spike with the cold weather short term. I will add if it dips below 2.5 though for now.
http://finance.yahoo.com/q/bc?t=1y&s=CHK&l=on&z=m&q=l&c=scu+eca
bgoody
SHRN on radar for next week. Sellers done chart looks to be improving.
MSEV bounce in progress
This is a long term hold so I am not flipping SCU. Either they don't like the news or they are flipping on news. It look as if it was forming an ascending channel above the EMA 22. It hit the upper boly band this am and retraced a bit. Needs to hold 3 IMO.
bgoody
Storm Cat Energy Enters Into Purchase and Sale Agreement to Acquire Arkansas Fayetteville Shale Leases
Tuesday February 7, 8:45 am ET
CALGARY, Alberta and DENVER, Feb. 7 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced that it has entered into a Purchase and Sale Agreement with a privately held company to purchase 100% right, title and interest in oil and gas leases in Van Buren, Searcy and Pope Counties, Arkansas. The acreage is undeveloped and contains approximately 20,000 gross and 16,000 net mineral acres. Pending the satisfactory completion of due diligence review, the transaction is due to occur by mid-April, 2006. The effective date of the transaction is February 1, 2006. Transaction terms were not disclosed.
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Storm Cat Energy's President, Scott Zimmerman, said: "Today's transaction, in one of the highest profile plays in North America, complements our business plan of acquiring leasehold in emerging unconventional gas resource plays. The acreage is located in the regionally extensive Fayetteville shale play in the Arkoma Basin of northwest Arkansas. The Fayetteville shale is an unconventional shale gas reservoir ranging in depth from 1,000 feet to 6,500 feet. Acquiring acreage in the Fayetteville Shale play is consistent with Storm Cat's stated focus of pursuing, exploring and developing unconventional gas reserves from fractured shales, coal beds and tight sand formations. We have seen the repeatable success that companies like Southwestern Energy are enjoying and are pleased to gain entry into the play. By our initial evaluation, we anticipate estimated ultimate recoveries of 1.0 Bcfe to 1.4 Bcfe per horizontal well with an average cost to drill and complete of $1.6 million. These are attractive finding costs, even with higher service costs of drilling these horizontal wells. This position provides us with over 120 net drillable locations. By developing these properties in a timely fashion, we anticipate adding to the cash flow provided by our Powder River Basin properties while we continue to unlock the vast resource potential that exists in our Elk Valley play in British Columbia."
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploration and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
/s/ J. Scott Zimmerman
President and Chief Executive Officer
Forward-looking Statements
Storm Cat Energy Corporation to Present at IPAA Small Cap Oil and Gas Investment Symposium
Friday February 3, 8:45 am ET
CALGARY, Canada, and DENVER, Feb. 3 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced that it will be a presenting company at the Independent Petroleum Association of America's (IPAA) Small Cap Oil & Gas Investment Symposium to be held February 7-9, 2006. The conference will take place at The Westin Diplomat in Hollywood, Florida.
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Storm Cat's President and CEO, J. Scott Zimmerman, is scheduled to present on Wednesday, February 8, 2006 at 10:00 AM EST. Mr. Zimmerman will update investors on the Company's coal bed methane development program in Wyoming's Powder River Basin as well as discuss progress in other projects, including its high-potential Elk Valley CBM play in southeastern British Columbia.
Interested parties can view and listen to the IPAA presentation during the webcast. A link to the webcast, along with the accompanying slides, will be available at Storm Cat's website, www.stormcatenergy.com prior to the presentation. Additional conference information is available at www.ipaa.org.
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploration and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
J. Scott Zimmerman
President and Chief Executive Officer
/s/ J. Scott Zimmerman
This has been making a strong move for the past week. I was in this long ago when it was in the .20 range, before the reverse split. Looks like it finally living up tho its potential. I saw that nice candle around .80, but forgot. I love the idea that an American company is protecting our troops.
GLTA
bgoody
Thats the response from GZFX site. Seems to be some confusion on the matter.
Question:Is the Circuit City deal on or off?
Solution:
The currently Circuit City deal is going fine and we are still working with them to make our services better.
May be old but two sites with GZFX, links provided.
http://www.foreplaygolf.tv/etourgolf.php
http://benefits.military.com/misc/DC/DealCategories.jsp?cat_id=304
Email response from SCU on Mongolia, 1/31/06
There has been a disruption in the Mongolian government which will need to
be settled before Storm Cat Energy Corporation makes a decision on the
direction that we will be taking. If you have anymore questions, please
let us know.
J. Scott Zimmerman
President & CEO
Storm Cat Energy Corporation
1125 17th Street, Suite 2310
Denver, Colorado 80202
303-991-5070
Storm Cat Energy Corporation Provides Operational Update; Company Sets Initial 2006 Capital Program at US$32 Million
Thursday January 26, 9:00 am ET
CALGARY, Alberta and DENVER, Jan. 26 /PRNewswire-FirstCall/ -- Storm Cat Energy Corp. (Amex: SCU; TSX.V: SME) today provided an update on the Company's U.S. and Canadian operations. The highlights of the Company's operations are:
* Storm Cat's Board of Directors has approved an initial CAPEX budget of
approximately US$32 million for drilling, leasehold and geologic work in
2006. In 2005, the Company spent approximately US$20 million.
* The Company is producing 4.0 million cubic feet per day (MMcfd) from
138 wells on its Powder River Basin properties.
* Storm Cat entered into a letter of intent to purchase approximately
3,550 net acres in the Powder River and 4,308 net acres in Alberta.
Both areas are prospective for coalbed methane (CBM) drilling and
production.
* In British Columbia, the Company is rapidly moving forward with drilling
to determine commerciality on the Elk Valley farm-in. Storm Cat has
re-activated three wells, drilled two wells on the northern portion of
the pilot and permitted to drill six wells for the next phase of
development.
* In Alaska, a rig is secured with drilling to commence in February 2006.
Storm Cat will drill the Northern Dancer #1, its first onshore Cook
Inlet Basin well.
* Permits have been submitted to drill three wells on Storm Cat's Moose
Mountain acreage in Saskatchewan. Although a drilling rig has not yet
been secured, the Company is confident it will secure a rig in the near
future.
* On January 25, 2006, the SEC declared effective the Company's
registration statement filed on Form F-3 pursuant to the registration
rights agreement dated October 20, 2005.
The Company's operational update:
Powder River Basin - Wyoming
Storm Cat Energy is developing coalbed natural gas on over 7,800 gross acres in the Jamison/North Twenty Mile and Northeast Spotted Horse areas, located in Campbell County, Wyoming, USA. Geologically, these fields are located on the northeastern flank of the Powder River Basin coalbed natural gas region.
Originally placed in production in early 2002 and acquired by Storm Cat in 2004, the Jamison/North Twenty Mile properties are currently producing at a rate of approximately 750 thousand cubic feet per day (Mcfd) of natural gas from 28 producing wells (26 operated). Current production derives from the Anderson and Canyon coal seams. Storm Cat has 100% working interest (81.5% net), in 1,481 acres at Jamison/North Twenty Mile.
A total of six coal seams exist in the Jamison/North Twenty Mile area, including the Anderson and Canyon. The Company believes two of the lower coal seams, the Cook and the Wall, provide sufficient thickness to warrant testing and development through the drilling of new wells. Storm Cat is currently preparing a Plan of Development for submission to the BLM with the intent to begin drilling up to 20 multi-seam Cook/Wall wells in 2006. In addition, the Company feels the shallow Smith coal seam is a good candidate for re-completion of certain existing wells.
The Company acquired the Northeast Spotted Horse properties in 2005. The field is located approximately 35 miles northwest of Gillette, Wyoming. Storm Cat owns 6,320 gross contiguous acres. Originally placed on production in 2001, it presently consists of 110 producing wells (108 operated). Production is climbing and is currently over 3.25 MMcfd from various Fort Union coal seams.
As of January 2006, Storm Cat drilled 43 new wells at Northeast Spotted Horse, including 29 multi-seam completion wells in a combination of the Cook, Wall and Pawnee coal seams. Multi-seam completion techniques help economically capture incremental reserves in a single wellbore, significantly reducing finding and development (F&D) costs. The remaining 14 wells are completed in only the shallower Canyon coal seam on an experimental 160-acre pattern. Well analysis on the 160-acre pattern is showing improved economics by capturing reserves with fewer wells than the normally accepted 80-acre pattern. The Company is actively continuing its drilling and development activity and is on track to complete its 120-well drilling program by early second quarter 2006.
Powder River Basin Transactions
Storm Cat Energy entered into an agreement to acquire a 90% working interest in approximately 3,550 net acres in the Powder River Basin, Campbell County, Wyoming. Pending due diligence review, the transaction is set to close by the end of the first quarter 2006. Storm Cat Energy plans an aggressive drilling program, subject to regulatory requirements, after closing. Transaction terms were not disclosed.
Storm Cat Energy and PRB Gas Transportation, Inc. (PRB) have closed on an asset sale in which PRB has purchased, from a wholly-owned subsidiary of Storm Cat Energy Corporation, certain gathering assets in Northeast Spotted Horse for an undisclosed amount. PRB will provide natural gas gathering and compression services for Storm Cat's Recluse-area development properties including Northeast Spotted Horse. This transaction will allow Storm Cat Energy to focus its capital and operations on drilling and production activities.
Elk Valley - British Columbia
In June 2005, Storm Cat entered into a Farm-in and Joint Venture agreement on 77,775 gross acres in the Elk Valley area of southeastern British Columbia. Prior to Storm Cat's involvement, 17 stratigraphic and exploratory wells were drilled in two pilot areas. Targeting coals in the Mist Mountain formation, the wells encountered over 300 feet of coal in 14 seams. Production testing from 2001 to 2004 resulted in over 300 Mcfd from the best well. Storm Cat re-activated three wells in the Elk Valley western pilot, adding a new coal interval to the completion in two of three wells. Currently, the three wells are producing approximately 180 Mcfd into the project's production facilities.
Two new wells north of the pilot project were drilled in nine and seven days, respectively. Focusing on the shallower part of the Mist Mountain section, the wells encountered between 175 feet and 207 feet of coal between 600 feet and 2,400 feet deep. Both wells are in the process of being completed and prepared for tie-in to the pilot facilities. These newly drilled wells are expected to be placed on production test in February 2006. Six additional well locations are being surveyed and permitted for the next phase of exploration.
Cook Inlet Basin - Alaska
Storm Cat Energy acquired extensive Petroleum and Natural Gas leases in the Cook Inlet region of Alaska. Over 7.0 Tcf of natural gas have been produced from this prolific basin since hydrocarbons were discovered in the 1950s.
The Company now owns 100% interest in more than 35,000 acres of onshore lands leased from the State of Alaska and the Alaska Mental Health Trust approximately 30 miles north of Anchorage and on-trend with recent gas discoveries in the region. Storm Cat's first Alaska well, Northern Dancer No. 1, will be drilled on Alaska Mental Health Trust lands to a depth of approximately 7,500 feet to test the natural gas potential of the Tyonek formation. This initial exploratory well is expected to spud in February, 2006.
Alberta Plains - Canada
Storm Cat acquired two separate prospects in South Central Alberta. The first is located in the Cessford area of Alberta. Storm Cat secured access to 3,200 gross acres (2,240 net acres) through a drill-to-earn agreement. The lands are prospective for gas from the Belly River and Upper Mannville Coals, as well as gas from tight Mannville sands. The first well on this prospect will be drilled prior to March 31, 2006, pending rig availability and suitable weather.
The second prospect is located in the general Red Deer area of Central Alberta, within the rapidly emerging Mannville Coal fairway currently being developed between Calgary and Edmonton. Storm Cat acquired a 100% working interest in 2,067.8 acres of land in the December 14, 2005 Alberta Crown Land sale. The lands have a lease-term of five years and are prospective for gas from the Upper Mannville Coal formations, as well as gas from tight Upper and Lower Manville sands. Storm Cat is currently planning to drill a horizontal Mannville CBM well in the fourth quarter of 2006.
Moose Mountain - Saskatchewan
Storm Cat completed its geological review of the Moose Mountain project in east/central Saskatchewan where the data suggests analogy to widespread producing areas in western Saskatchewan. Storm Cat has submitted licenses to drill three wells to evaluate the potential of the Second White Specs formation and is currently awaiting the availability of a drilling rig to begin drilling.
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploration and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
J. Scott Zimmerman
President and Chief Executive Officer
/s/ J. Scott Zimmerman
Forward-looking Statements
I agree better than dilution but I think there may be more to this.....
Additionally, PRB will provide natural gas gathering and compression services for SCU's Recluse-area development properties, encompassing 6,600 gross acres. SCU estimates that those properties currently produce approximately 3 Mmcfd with production expected to increase to 7 Mmcfd in 2006
Hmmmm.
http://finance.yahoo.com/q?s=prb
BUSINESS SUMMARY
PRB Gas Transportation, Inc. engages in the ownership and operation of intrastate natural gas gathering systems. It owns approximately 200 miles of pipeline and gathers coal bed methane gas from approximately 450 wells in Wyoming's Powder River Basin. The company’s 4.5 mile TOP system located in Campbell County, Wyoming services approximately 56 wells in the Powder River Basin area of Wyoming. PRB Gas Transportation was organized in 2003. It was formerly known as PRB Transportation, Inc. and changed its name to PRB Gas Transportation, Inc. in 2004. The company was founded in 2003 and is based in Denver, Colorado.
bgoody
PRB Gas Transportation Has Purchased Natural Gas Gathering Assets from Storm Cat Energy and Enters into Related Gas Gathering Services Agreement
Wednesday January 25, 4:05 pm ET
DENVER--(BUSINESS WIRE)--Jan. 25, 2006--PRB Gas Transportation, Inc., ("PRB" or the "Company") (AMEX:PRB - News) and Storm Cat Energy Corporation ("SCU") (AMEX:SCU/TSX Venture Exchange:SME) today announced they have entered into an agreement under which PRB has purchased SCU's existing gathering assets for $1 million in Campbell County Wyoming near Recluse. Additionally, PRB will provide natural gas gathering and compression services for SCU's Recluse-area development properties, encompassing 6,600 gross acres. SCU estimates that those properties currently produce approximately 3 Mmcfd with production expected to increase to 7 Mmcfd in 2006.
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Robert Wright, PRB's Chairman & CEO noted, "There is a good deal of drilling underway in this area and even more planned for this year and beyond. This presents an excellent opportunity for PRB to grow its gathering business with SCU's production, third party producers and from production generated by our own drilling operations. In addition," he noted, "as this purchase is effective January 1, 2006, the agreements with SCU will have an immediate positive impact on our operating results." He also noted, "We began to sell natural gas and provide management services during the latter part of 2005. We expect that these three new revenue streams will have a very positive impact on our financial results as compared to prior periods."
PRB is an oil and gas exploration and development company operating in the Rocky Mountain States. In addition, PRB also provides gas gathering, processing and compression services on properties it operates and for third party producers.
Storm Cat Energy is an independent oil and gas company focused on exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations.
http://biz.yahoo.com/bw/060125/20060125005939.html?.v=1
Robert J. Clark Elected to Storm Cat Energy Board of Directors
Thursday January 5, 7:17 pm ET
CALGARY, Alberta and DENVER, Jan. 5 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) today announced the election of Robert J. Clark of Denver, Colorado to its Board of Directors effectively immediately. Mr. Clark will serve on the Audit and Nomination Committees. Concurrent with Mr. Clark's election, the Board of Directors accepted the resignation of Chris Dyakowski.
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Scott Zimmerman, Storm Cat President and Chief Executive Officer said: "Bob's experience, not only in oil and gas, but also in building successful businesses, will provide additional strength to Storm Cat at a time when we are rapidly expanding our operations as we execute our growth strategies. His proven leadership, experience and energy industry savvy make him an ideal addition to Storm Cat's Board."
Zimmerman added: "The Board of Directors and I want to thank Chris Dyakowski for his many important contributions to Storm Cat. He served judiciously on the Board since the Company's inception and we are grateful for his commitment over the years."
A 38-year veteran of the oil and gas industry, Mr. Clark is President of Bear Cub Energy, LLC, a privately held gas gathering and processing company, which he founded in 2001. In 1995, Mr. Clark formed a predecessor company, Bear Paw Energy LLC, which was sold in early 2001 to Northern Borders Partners. From 1988 to 1995, he was President of SOCO Gas Systems, Inc. and Vice President -- Gas Management for Snyder Oil Company, a NYSE-listed exploration and production company. SOCO was merged with Santa Fe Energy forming Santa Fe Snyder in 1995.
Mr. Clark was Vice President Gas Gathering, Processing and Marketing of Ladd Petroleum Corporation, an affiliate of General Electric from 1985 to 1988. Prior to 1985, Mr. Clark held various management positions with NICOR, Inc. and its affiliate NICOR Exploration, Northern Illinois Gas and Reliance Pipeline Company. Mr. Clark received his Bachelor of Science Degree from Bradley University and his M.B.A. from Northern Illinois University.
Mr. Clark currently serves as a member of the Board of Managers for Bear Cub Energy, LLC and Fluid Compressor Partners and serves on the Board of Directors of IPAMS, the Independent Petroleum Association of Mountain States. He most recently served on the Board of Directors for Evergreen Resources, Inc. which was sold in late 2004 and Patina Oil and Gas Corporation which was sold in early 2005.
Coincident with his appointment, the Company has granted to Mr. Clark a five-year option under its stock option plan to purchase up to 100,000 Common shares of the Company at an exercise price of CDN $3.24 per share.
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploitation and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
"J. Scott Zimmerman"
J. Scott Zimmerman
President and Chief Executive Officer
Merry Christmas GZFX's and have a safe and wonderful holiday.
Bruce
Here is a start for DD on Mailing service.
GameZnFlix Signs Contract with MailItAgain to Provide Improved Mailer
Tuesday September 20, 9:00 am ET
FRANKLIN, Ky., Sept. 19, 2005 (PRIMEZONE) -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of DVDs and video games for rent or purchase, today signed a contract to take delivery of a new, re-designed mailer that will reduce postage costs by about 40%, reducing delivery times to members and is expected to increase warehouse efficiency by about 60%.
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Q: What is the cumulative performance of managed futures over the past 5 years?
+ 58.5 %
+ 10.3 %
+ 08.1 %
+ 17.5 %
* PAST PERFORMANCE IS NO GUARANTEE OF
FUTURE RESULTS
``After a study conducted in conjunction with the U.S. Postal Service, we determined that our former mailer was causing some trouble with delivery times,'' said Donald ``Chip'' Gallent, president of Gameznflix. ``MailItAgain offered us a solution that is at the forefront of mail piece design -- where the two-way mailers for the online rental business are heading.''
``Our first requirement was a mail piece for GameZnFlix that lowered their postage to the one ounce rate,'' said Gary Emmott, CEO of MailItAgain. ``Once that requirement was met, we had to produce a mailer that allowed them to permanently apply address information and barcodes for various applications.''
Mr. Emmott continued, ``This mail piece will allow GameZnFlix to move from postage at the two ounce rate down to the one ounce rate and mail their rentals for $0.37 each way as first-class mail. In addition, by working with the U.S. Postal Service; they have ensured that their mailing piece and procedures allow them to take advantage of all the automation techniques the U.S. Postal Service uses to ensure speedy delivery of the mail.''
GameZnFlix is a company that offers video games/DVD movies for rental or purchase on the Internet with access to over about 30,000 games and movie titles. With different membership levels beginning at $8.99 a month subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Contact:
GameZnFlix, Inc.
Corporate Offices
Stanley Gray
(888) 542-6817
www.gameznflix.com
Yes holding 3 is significant as 3.20 is today. Need to break 3.25 and then well probably move sideways from the 3.40 to 3.45 range. If we can do that, on to the 3.60's. Of course we need the volume which looks to be increasing since the news.
GLTY also
Add Eugene, Or. went to the CC store the other day and asked if they rented Xbox 360 games. They said no and at the time didn't know about GZFX. Then I called back today for a follow up and they transferred me to the DVD dept. and the nice young lady told me about GZFX and said that they had a website and you could rent them there.
Archipelago Exchange® (ArcaEx®), the nation's first totally open, all electronic stock market. Our alliance with the Pacific Exchange® (PCXsm) creates a market place that features the best of both worlds — all electronic trading, openness, speed and a best execution model.
http://www.tradearca.com/traders/
Storm Cat Energy Named Number Three Oil and Gas Company to TSX Venture 50(TM)
Wednesday December 7, 9:00 am ET
CALGARY, Alberta, and DENVER, Dec. 7 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) was named, today, the number three Oil and Gas company on the 2005 TSX Venture 50 List. The TSX Venture 50(TM) is the first ever ranking of the top emerging public companies listed on TSX Venture Exchange. There are more than 2,000 companies listed on the TSX Venture Exchange. The TSX Venture 50(TM) is comprised of the top ten companies in each of five major industry sectors -- mining, oil and gas, technology, life science and diversified industries. The ranking is based on a ranking formula with equal weighting given to one-year revenue (for the last reported 12 months), return on investment, market cap growth and trading volume. All data was as of August 31, 2005.
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Scott Zimmerman, Storm Cat President said: "Inclusion in the TSX Venture 50(TM) is further recognition of our continued progress and the growth of our business since we became a public company. We believe this achievement is a compliment to all of the members of the Storm Cat team who have worked so hard over the past year to build value for our shareholders."
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Corporation has producing properties in Wyoming's Powder River Basin, exploitation and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Corporation's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol "SME."
3.00 break today would be nice, then 3.40 next week. This is looking strong after the news.
Post the name and number so we can check
Post the name and number so we can check for oursevles
Eugene, Or.
Is this ARCA's last stand? I would like to see them dissapear. Jeesh
CashCowMoo
Thanks for the response. I have traded this stock and have shares I am holding long term. I agree with your insight of the after Xmas impact. To hold the upward channel it looks like it needs to hold .015, if not it does look like the 32 MA @ .01 to .012 is next support. However if the bid whacking stops or any good pr's come out, the upward trend should continue. Anybodys guess and of course this is just an opinion because I hope GZFX goes straight up slow and steady or like a steamroller.
A post from bb http://www.investorshub.com/boards/read_msg.asp?message_id=8679178
OK then if you saw this coming whats going to happen tommorrow. Most graphs are showing a bounce of the .015 area.
SCU also added in am, good news.
Added a couple times, traders getting back in
Storm Cat Energy Provides an Interim Fourth Quarter Operational Update; Company's Reserves, Valuation and Cash Flow on the Rise as Powder River Basin Acreage Is Successfully Drilled
Wednesday November 30, 9:02 am ET
CALGARY, Alberta and DENVER, Nov. 30 /CNW/ -- Storm Cat Energy Corporation (Amex: SCU; TSX.V: SME) provides a year-to-date update on the Company's operations. Highlights include:
* A production increase of 33% from 121 Storm Cat operated wells;
* As of September 30, 2005, total proved net reserves on the Company's
Powder River Basin acreage are estimated at 9.932 bcf (billion cubic
feet), an increase of 5% from the year-end 2005 estimate;
* Storm Cat initiated its drilling program on July 19, 2005 and has now
drilled 26 wells of a 120 well program;
* Re-activated three wells on the Elk Valley acreage in British Columbia,
and drilled two new wells north of the pilot project which encountered
thick, gas-charged coal seams;
* Secured a drilling rig for the Alaska project;
* Commencing a three well drilling program at Moose Mountain,
Saskatchewan.
Powder River Basin, Wyoming
Current Powder River daily production remains at approximately 4 MMCFD (million cubic feet per day) of natural gas from its coalbed methane (CBM) play located in Campbell County, Wyoming. This marks a 33% increase since taking over the properties in March 2005. To date, 26 wells have been drilled, including 17 multi-seam completion wells in a combination of the Cook, Wall and Pawnee coal seams. The remaining nine wells are completed in only the shallower Canyon coal seam, but drilled on 160-acre pattern versus the normally accepted 80-acre pattern. The 26 wells drilled to date are in various stages of dewatering and are currently producing approximately 400 MCFD (thousand cubic feet per day) which is consistent with Storm Cat's internal production model. Multi-seam completion techniques help economically capture incremental reserves in a single wellbore, significantly reducing finding and development (F&D) costs. Well analysis on the experimental Canyon 160-acre pattern is also showing improved recoveries by capturing hydrocarbons with fewer wells.
Storm Cat currently has three drilling rigs working in the Powder River Basin. The rigs will continue to exploit the Powder CBM leaseholds where the Company is currently drilling on its first 37-well Federal Plan of Development. A second Federal Plan of Development, which totals 68 wells, has been filed and is in the final process of approval which should secure ample Powder River Basin drilling activity going forward. As previously announced, the Company is on track to complete its 120-well program by early second quarter 2006. Storm Cat's projected well economics for its Northeast Spotted Horse program is less than $0.88 per MCF in F&D costs with an overall project rate of return in excess of 70%.
Powder River Basin Reserves at September 30, 2005
Storm Cat also announces results from its recently completed reserve report for the period ending September 30, 2005. The reserves in the report only represent the Company's Powder River Basin assets. Total proved reserves were estimated at 9.932 bcf equivalent as compared to 9.450 bcf equivalent at December 31, 2004. Estimated probable reserves were 4.109 bcf as compared to 4.420 bcf at December 31, 2004. Storm Cat's estimated, pre-tax future net revenue discounted at 10% (commonly known as the SEC PV-10 figure) for proved reserves at September 30, 2005 was $44.6 million USD versus $13.9 million USD at year-end 2004. The PV-10 calculation used net commodity prices of $11.005 CIG Rocky Mountains per million British thermal units (MMBtu) of natural gas.
Storm Cat's total proved reserve estimates are prepared by independent reservoir engineering consultants, Netherland, Sewell & Associates of Houston, Texas, and conform to the definition as set forth in the SEC Regulation S-X Part 210.4-10 (a) as clarified by subsequent Commission Staff Accounting bulletins. The proved reserves are also in accordance with Financial Accounting Standards Board Statement No. 69 requirements.
Reserve mix for the Powder River Basin is 100% natural gas, with 28% categorized as proved developed and 62% proved undeveloped. In accordance with SEC guidelines, proved reserve estimates do not include any probable or possible reserves which may exist for Storm Cat's Powder River properties. Further, Netherland, Sewell & Associates has not provided probable or possible reserves estimates for Storm Cat's other properties at this time.
Storm Cat Energy Powder River Basin, Wyoming Proved Reserves at
September 30, 2005
Net Reserves Future Net Revenue (M$/USD)
Category
Gas (MMCF) Total Present Worth
Undiscounted at 10% Discount
Proved Developed 2,197.1 13,898.5 11,918.0
* Producing 1,665.5 10,252.8 9,065.8
* Non-Producing 531.6 3,645.7 2,852.2
Proved Undeveloped 7,734.5 44,179.3 32,718.5
Total Proved 9,931.6 58,077.8 44,636.5
Total Probable 4,109.2 25,015.4 19,194.9
Assumes commodity prices of $11.005/MMBtu CIG Rocky Mountains
Elk Valley, British Columbia, Canada
As announced in the June 9, 2005 news release, Storm Cat entered into a Farm-in and Joint Venture agreement, with EnCana Corporation, on 77,775 gross acres (31,110 gross hectares) in the Elk Valley area of southeastern British Columbia. To date, Storm Cat has re-activated three wells in the Elk Valley western pilot, adding a new coal interval to the completion in two of three wells. During the 12 months the pilot was shut-in, reservoir pressures had rebounded to the point that a significant volume of water must be produced before pre-shut-in gas rates are expected from the original coal seams. Currently, the three wells are producing approximately 95 MCFD of gas and 300 BWPD (barrels of water per day).
Storm Cat and EnCana drilled two new wells north of the pilot project. The ECA Stormcat Mosquito d-85-L/82-J-2 was drilled to a total depth of 2,388 feet (728 meters), encountering 175 feet (53 meters) of coal in nine coal packages between 656 and 2,333 feet (200 and 711 meters). The ECA ECOG GREENHILLS a-84-L/82-J-2 was then drilled to 2,421 feet (738 meters), with 207 feet (63 meters) of coal in the same nine coal packages between 856 and 2,352 feet (261 and 717) meters deep. Gas shows were recorded in the coals. The new wells were drilled faster and straighter than the original pilot wells. The d-85 well was drilled, cased and cemented in eight days, seven hours. The a-84 well was drilled, cased, and cemented in seven days, 10 hours. Both wells are being prepared for initial completion and tie-in to the pilot facilities at this time. These newly drilled wells are expected to be placed on production test in mid-January 2006. With success in the exploratory wells and in the pilot reactivation, Storm Cat will establish a second core CBM operating area.
Alaska
Storm Cat now owns 100% interest in over 35,000 acres on-shore Cook Inlet. Negotiations with drilling contractors are currently underway in order to secure a rig for drilling the initial test well. A location for the Northern Dancer No. 1 has been selected. The well will be drilled to a depth of approximately 7,500 feet to test conventional targets in the Tyoneck formation as well as evaluate the shallower coalbed methane potential. Spud date on this initial exploratory well is estimated for mid-January.
Moose Mountain, Saskatchewan, Canada
Storm Cat completed its preliminary geological/engineering review of the Moose Mountain, Saskatchewan area. Storm Cat holds a 30% WI on a 236,000-acre block. The Company now intends to focus its attention on the Second White Specks formation. Geological and engineering data indicate the Second White Specks in the Moose Mountain area has similar characteristics to widespread producing areas in western Saskatchewan. Storm Cat plans to drill three exploratory wells in mid-December or early January, 2006, depending upon rig availability.
Mongolia
Storm Cat continues evaluating the reserve potential and emerging markets for its coalbed methane exploration licenses which encompass more than 18 million acres. In the fulfillment of its Production Sharing Contracts (the "PSC"), Storm Cat mapped the surface geology in four basins; Tsaidam, Nalaikh, Baga, and Tugrug, constructed cross sections in Tsaidam basin, and conducted geophysical surveys (Vertical Electrical Surveys) in Tsaidam and Tugrug basins. During the field mapping, Storm Cat geologists trenched the coals, mapped outcrops, recorded faults and re-surveyed some of the original coreholes to better understand the coal stratigraphy and re-map the surface geology. During the winter season, Storm Cat will be analyzing this data to define future operations.
Management Comments
J. Scott Zimmerman, President and Chief Executive Officer, said: "Increased activity during the first two months of the fourth quarter has set the tone as we move toward a busy 2006. The recent equity financings have provided Storm Cat with approximately $25 million USD in its treasury, allowing management to execute the development and expansion of its high potential portfolio of unconventional gas opportunities. Specifically, we believe the expansion of our drilling operations in Elk Valley, to the north, finds a highly prospective area within the EnCana farm-in acreage. We will put the drilling results here under a rigorous evaluation before claiming victory, but, for the time being, we're pleased by our early well analysis. The reduction in the drill and completion time for the first wells exceeds our internal expectations. We hope to improve on drill rates as we gain greater knowledge of the play. I've said before, the Elk Valley play has vast potential for Storm Cat's shareholder value and, as such, we are focused on proving its potential in 2006."
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The company has producing properties in Wyoming's Powder River Basin, exploitation/development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The company's shares trade on the American Stock Exchange as "SCU" and on the Toronto Venture Exchange as "SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
J. Scott Zimmerman
President
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created therein. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including but not limited to those discussed in the company's Annual Report for the year ended December 31, 2004. Although Storm Cat Energy believes the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion herein should not be regarded as a representation by the company or any other person that the objectives and plans of the company will be achieved.
GZFX webcast by WallST.ne for those interested. Link
http://www.gameznflix.com/press.asp?pressID=44&archive=0
Can't PM but your more than welcome, maybe they should post this on the info. board. Let me know if it works out.
DVD Weekly Podcast Listeners Get A Special 20% Discount Off The First 2 Months Of Service. Just use DVDWEEKLY as your coupon code when signing up (link).
http://www.dvdweeklypodcast.com
Any word on the BBI conf call? Here is the link from the post, it will take you to BBI website.
http://www.b2i.us/profiles/investor/CSummary.asp?f=1&BzID=553&Nav=1&s=0&tPName=Profi...
I think they cancelled it.
Blockbuster Inc. Announces Webcast of Investor Presentation on Nov. 29
DALLAS, Nov. 22, 2005 - On Tuesday, Nov. 29, 2005, Larry Zine, Blockbuster's Executive Vice President, Chief Financial Officer and Chief Administrative Officer, will make a presentation at the JPMorgan Consumer & Retail Holiday Conference in New York. Zine is expected to discuss industry trends and the Company's financial and operating results and other matters relating to the Company's industry and business activities. A webcast of the presentation and related slides to be shown at the presentation may be accessed on the Investor Relations section of the Blockbuster web site at http://investor.blockbuster.com beginning at approximately 8:40 a.m. EST on Nov. 29. The webcast and related slides will be archived on the Investor Relations section of the web site for approximately one month.
Blockbuster Inc. (NYSE: BBI, BBI.B) is a leading global provider of in-home movie and game entertainment, with more than 9,000 stores throughout the Americas, Europe, Asia and Australia. The Company may be accessed worldwide at blockbuster.com.
# # #
Contacts:
Press:
Randy Hargrove
Sr. Director, Corporate Communications
(214) 854-3190
Analysts/Investors:
Mary Bell
Senior Vice President, Investor Relations
(214) 854-3863
or
Angelika Torres
Director, Investor Relations
(214) 854-4279
Yes funny, I was thinking about cheap inventory or possible DC locations, if they are forced into banckruptcy. This isn't sonding to good for BBI.
OT Blockbuster Inc. Announces Webcast of Investor Presentation on Nov. 29
Tuesday November 22, 7:00 am ET
DALLAS, Nov. 22 /PRNewswire-FirstCall/ -- On Tuesday, Nov. 29, 2005, Larry Zine, Blockbuster's Executive Vice President, Chief Financial Officer and Chief Administrative Officer, will make a presentation at the JPMorgan Consumer & Retail Holiday Conference in New York. Zine is expected to discuss industry trends and the Company's financial and operating results and other matters relating to the Company's industry and business activities. A webcast of the presentation and related slides to be shown at the presentation may be accessed on the Investor Relations section of the Blockbuster web site at http://investor.blockbuster.com beginning at approximately 8:40 a.m. EST on Nov. 29. The webcast and related slides will be archived on the Investor Relations section of the web site for approximately one month.
ADVERTISEMENT
Blockbuster Inc. (NYSE: BBI - News, BBI.B - News) is a leading global provider of in- home movie and game entertainment, with more than 9,000 stores throughout the Americas, Europe, Asia and Australia. The Company may be accessed worldwide at blockbuster.com .