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Starting to get more upticks . Good sign a reversal may be near.
Can we sell a few more shares Sir? Thankyou, I need another!!
So are you saying it is more profitable to print shares of stock and sell them to sheeple than to produce oil and earn dividens?????
NEWS!!!!!
There is nothing left. The company has taken all the value and most likely given the funding agent a heafty sum to wipe out our investments.
Can't anyone come up with something good about our leader???
Some CEOs need to go to jail . I really believe so when it comes to these penny stocks. They "save the company" But, it is at the shareholders's demise. They sell enough shares to make the company worthless then they pretend it still has value to suck more sheeple in. SCAMS!!!!!!!!!
Anyone ever eat there? Do you get anything for your money?
ANYONE looking out for the shareholders around here? UNCLE!!! I give, stop the selling. Criminal in my opinion.
My Gosh, If he lost a company here and there from not doing his paperwork I really don't understand why he would care. There are plenty of others to keep him going.
and what is good?
Define "Breakout" TIA
No need to worry it's just a few numbers that don't jive. I assume the accountant may have filed the paperwork since the numbers are off just a little.
Holy stuff!!! Gold and silver crazy!!! When to sell my little stash on ebay?????
I may be wrong but, after reading Crude's post with the RRC letter on thing becomes clear.
Someone doesn't know how to locate a well on a plat and transfer the info. to the drilling permit request. How on god's green earth can anyone get the surveyor to stake the location correctly when they don't know how many feet to go from lease and property lines? GEEEZ!!!!
The only injection program that would work in multiple sands(resivoirs) would be the "Huff and Puff".
There is no way to flood oil from one well to another unless the sands are tied together with permeability.
Do you have some reliable contour lines of the pay sand?
Where is gold going this year??? $1500.00???
Where is silver going this year??? $30.00 ????
LOL, the geologist rethrew the dart at the production map????
Sure would be good to know the reasoning. Some questions...
Did they want to move farther up structure?
Were they playing a fault too close and were worried about crossing it?
Did the geologist not have a marker he could on for his contours?
Why didn't you thank him for posting a photo of his Lic. Plate? The pumpers have quieted down ever since he proved his honesty in reporting.
Day traders chasing it up.
We failed to remain listed when no financials were provided. I would hope someone is working on them. New financials would go a long way in getting the SP up where it should be.
Shareholers of FRPT didn't like their forward looking statements. They just won their lawsuit. Maybe we should follow suit.
http://www.charlestonbusiness.com/news/36217-force-protection-reaches-24m-settlement-with-shareholders?utm_source=MadMimi&utm_medium=email&utm_content=Force+Protection+reaches+%2424M+settlement+with+shareholders&utm_campaign=Daily+Journal+Oct_+1&utm_term=Force+Protection+settles+shareholder+lawsuit+for+_2424M
Under Net cash provided check this out...
the company experienced an increase in cash in the amount of ...The increase is mainly attributable to an increase in the issuance of common stock $305,500.00
Now look in Item 7 number 8.
"The company has not sold any securities during the quarter"
Please hep me here Croco I am really dense in understanding how they got money from selling securities but did not sell any.
Did I tell you my hair hurts reading about this stuff?
Now I see in item 4 no 1 Plan of operation a forward looking statement blurb saying this document may have forward looking statements. LOLOLOL
Thanks SLO for clearing up my question.
It appears Ben is hard at work with his disection of the Quarterly Report.He has been really quiet today,
If you look at the end of the plan of operation they say'"Since our common stock is considered a "Penny stock" we are ineligible to rely on the safe harbor for forward-looking statements..."
Then why do they tack the safe harbor statement on to all their PRs???
Under the Plan section they say they get money from private placements and selling certain oil and gas assets. GEEEZ they failed to say they get money from selling newly printed paper. Also, they keep saying they drill and the website says they don't. What am I missing on this we drill and we don't drill at the same time???
Is the Legal proceedings section misleading?
What is the noise under drilling activity? Nothing seems to do with drilling activity.
I've worked out of Victoria. Pretty much from Humble to Brownsville.
What I don't understand is why they write the PRs so anyone with Oilfield knowledge will be left scratching their heads.
For example:What does "the largest Cotton Valley Deep Well in Shreveport" mean?
LOLOLOL
Ben, I'm not sure all these guys want to hear all the facts. You would think they would when half their BDGR portfolio dissappears everytime the shares sell at the bid.
I would think since you are such an asset to the board IHub would up your posts to 20 a day. You really bring a huge audience to this site!!! Thanks, ROX
Ben, when doing a 504 are they able to gross a million or net a million?
Any idea what the discount to market is the funding group may be pocketing?
LOL I love you crude. There was no need to hop the fence since you have rally good eyesite. Sometimes I have trouble telling if it is 8 round or 10 round when I am looking from a long distance. Cheers!!
Croco what do you think about the well that was there and is now gone? What happened to it??
$351885 income for 6 months appears to be from oil production not the production of shares for the 504. Once the 504 numbers come in we sholud be in the Black!!! WEEEEEEE!!!!
I guess legal fees are under "Other" is this where the "wine and dine" expenses are found?
What I can't understand is running a potential test with a pump.( and it was 100% oil???No water.None??)
If you were to drill a well in this type of field you would not test it with a pump. You would test it first by opening it up by seeing if it flowed. Then you would swab it to see if you could get it to flow. If it would not flow you would swab the well for a period of time to test it. This would give you a feed in rate and a "Cut" (the amount of water and oil feeding in.
To not run the test and run a down hole pump, rods, hook up the tree with the stuffing box, drag in a pumping unit, run power, hook up tanks.....is really not smart.
Not smart because you may think a well will produce and it won't . As for Oil wells just because the log says there is pay that doesn't mean you can just hook up a well and expect it to produce. Some problems that could make it unproductive can come from a bad cement job. You may just get water from the cement not sealing the pipe in the hole designed to keep water from migrating in your perferations from another zone.
Another thing is the zone can be watered out and no oil, just water, will come in. Another problem the BHP may be depleted and there is no drive to get the oil into the well bore.
I was reading the attachment. Sure would have been nice for them to include the 1 inch log and not just the SLB header.
25% working interest is completely different from an override as I would interpet this statement.
"BDGR is almost assured of getting 25% of this before royalties and expenses."
Also, To put a ball valve on a well for a production valve is not good oil field practices. The ball valve is not as durable as a gate valve and also the Ball valve is restricted in size and you cannot swab the well or get numerous wireline tools down to work on the well .As I said not good practices if the well is completed and shut in.
The well that had the "tree" on it and is now P&Aed It appears to me they set pipe on a dry hole. Meaning there may have been something that seemed worth setting pipe on but once they tried to complete it nothing was there. This is just my opinion from the info. given to me. maybe the company can fill us in a little better. Rox
Are you saying they are getting an overriding royalty % of 25%? If so those poor working investors are in for a long haul. GEEEZ!!
Thanks for the report. Something doesn't add up.
A couple of Questions?
Any idea if the swages were placed on production casing or surface pipe?
What was the pressure on the gauges?
Any pipelines in the area?
Last of all what was the time frame between the drilling of the two wells.
A few answers will help in figuring this out unless the company wants to PR a report to make things easier. They are due out for a pr today by my calculations. ROX
Another question. How did they come up with those potential numbers seen for each well?
Fat, You are so funy when you are a little upset. I remember when you shucked a gasket after finding out Lanza had not withheld shares from a funding group. There was a story about the biggest short squeeze from naked shorting was going to happen. Wow were you duped.
jarta how did you get such a primo post number? This song reminds me of someone. Any idea?
Jonesieatl, Are you in AHNA at this time? I have slowly picked up more shares. Maybe this is going to make another leg up with what could be the beginning of another year end run.
Thanks CROCO!!!
I did come up with one of my better thoughts of the year and updated the post you responded to. See what you think about updating PRs so there would be no need for all these disclaimers.
Cheers and I'll get out your hair for the rest of the day or until the next PR hits the street.
Did BDGR ever enter into talks pertaining to a possible forseeable huge Gold prospect? Now a PR stating they had done the Monster Gold JV would take this to new heights(Gold being at it's highs). Something like this would be worth the $100.00 for the PR. But, only if there was no disclaimer.
I'm sure there are some PRs floating around they can copy if such a JV was planned.
Did BDGR get one of those deals to get 10 PRs shot out for $1000.00? It is now an everyday thing.
It amazes me some companies buy these packages and drivel out the information over a long period of time. I would think all the info. could have been put into one PR. Unless the company is like a bee hive and things are happening as fast as they are at APPL.
Why not put together a good PR and let the Shareholders know what is going on....WITHOUT a disclaimer?
Heck, if something changes today they can update it in tomorrows PR.Therefore no need for the disclaimer the news will always be up to date. LOLOLOLOLOLOLOLOLOL