Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I won't hold my breath for an apology but feel free... :P
Bud, go to the updates page on WGAS' website. It's been posted here numerous times by xyz, GGoose and others.
Yes, don't we all!
Have a little patience . We're anxious but they have been extremely transparent. They'll let us know of any progress. I believe they are also eager to announce progress. Keep eyes out for news on the wgas website as well as Silvermere's.
Just who would that subsidiary be? GYST or AERN?
I don't know the answers to your questions but I'd like to think the transactions will have to be transparent per SEC rules...
Agreed, its all speculation on my behalf... We'll see what happens.
I have no idea who the 3rd party is... Theresa Jackson maybe? She started Global Wealth Group which is a subsidiary of AERN. She also owns oil wells in Kansas and owns/operates a company called Marta Oil... AERN PR recently said GWG is going to broker gold from Avenill Ventures... Not sure of the details but its all connecting... Mergers? Spin Offs? Acquisitions?
It would be nice if others would do some digging here... This connection(AERN/GYST/Avenill/GWG) is clear as day! What does it mean for AERN stockholders? PR soon? Do you have any insights here Surf and others?
GYST bought rights to 100 Kansas Wells from Avenill...IF these are the 100 wells AERN has rights to (39 out of the 100) then how did this happen... Avenill Ventures and GYST have the same owners. AERN is brokering gold from Avenill. Is anyone else picking this up and seeing how this is all connected? Spin off or acquisition coming?
Entry into a Material Definitive Agreement
(a) On July, 5, 2012, the Company agreed to acquire the rights to 100 oil and gas leases from Avenill Ventures, LLC for $700,000. Avenhill is beneficially owned by Paul Howarth and Joseph Mezey, our officers and directors. The Company agreed to issue to $100,000 in Company stock at the closing market price on July 5, 2012 which was $0.002. As such on July 9, 2012.the Company issued 25,000,000 shares of its Class A Common Stock to Renard Properties, LLC (which is beneficially owned by Paul Howarth) and 25,000,000 shares of its Class A Common Stock to JW Group, Inc. (which is beneficially owned by Joseph Mezey). The remaining $600,000 is owed as a note in the amounts of: $200,000 Renard Properties, LLC, $200,000 to JW Group, Inc. and $200,000 to an unrelated 3rd party.
GYST bought rights to 100 Kansas Wells from Avenill...IF these are the 100 wells AERN has rights to (39 out of the 100) then how did this happen... Avenill ventures and GYST have the same owners. AERN is brokering gold from Avenill. Is anyone else picking this up and seeing how this is all connected? Spin off or acquisition coming?
Entry into a Material Definitive Agreement
(a) On July, 5, 2012, the Company agreed to acquire the rights to 100 oil and gas leases from Avenill Ventures, LLC for $700,000. Avenhill is beneficially owned by Paul Howarth and Joseph Mezey, our officers and directors. The Company agreed to issue to $100,000 in Company stock at the closing market price on July 5, 2012 which was $0.002. As such on July 9, 2012.the Company issued 25,000,000 shares of its Class A Common Stock to Renard Properties, LLC (which is beneficially owned by Paul Howarth) and 25,000,000 shares of its Class A Common Stock to JW Group, Inc. (which is beneficially owned by Joseph Mezey). The remaining $600,000 is owed as a note in the amounts of: $200,000 Renard Properties, LLC, $200,000 to JW Group, Inc. and $200,000 to an unrelated 3rd party.
Is there any news coming on Stan's favorite news day? (Wednesday or Thursday)
Q2 report will say a lot, as well as new gold sales and mining operations... This will rise as revs come in. They need money or partners to fund mining.... Avenill may have some connections with companies for GYST to JV with...
Who owns it? I've seen all that before. I haven't had chance to do more digging though... Maybe part of a future aquisition though.
We'll see. There's been no mention of BOPD in that PR and if they're getting the leases from AERN's lease holdings of 100 Kansas wells... Both AERN and GYST are working deals thru Avenill Ventures... See the connection? Something going on behind the scenes! Me thinks GYST going to be acquired by AERN...
Lease requires $25K-$75K in rework fees per well... At 100 wells that's $1.25mil in fees (best case scenario) for an output of $1mil per year...
How can they possibly make money in Real Estate? Brokers fees? Buying oil and gold land then leasing it out the mineral rights for a percentage? Here's a hypothetical... GWG wants to broker gold via Avenill. Avenill wants to buy 50% revenue share in 100 oil wells in Kansas. AERN happens to have a JV deal pending for 100 wells in Kansas broken up into 9,30 and 60 well lease opportunities. My guess is that the JV partner is Marta Oil who either owns the 100 wells or is leasing it. Theresa Jackson owns Marta Oil and GWG who is working with Avenill. My guess is that the new spin off will be run by Theresa because Stan has lost credibility and it will run this real estate company buying land and leasing out the mining rights. I can't find who owns Avenill Ventures yet. Maybe GWG will acquire or already owns it but maybe that will turn into the real estate arm of AERN. AERN will JV with Marta Oil to drill in KS and possibly JV with GYST to fund mining operations in Peru... Who knows... The 3 companies will be AVNL for real estate, AERN (may be acquired by Marta Oil since AERN has poor market rep. from the p&d and a poor history of PR's/performance )for oil, and GYST for gold... There it is, AERN split into 3 deprecate entities with shares for all AERN stockholders!
It's quiet here, where'd everybody go?
It's a little too quiet here...
What is the anticipated BOPD?
Is IHub working now?
Funny, GYST is working with Avenill Ventures for the same 100 Kansas wells AERN has had its eyes on... Is there an acquisition play about to happen? AERN and Avenill formed a marketing consortium on June 25th... Is AERN going to buy up GYST or invest in its gold mining? problem is i can't find out any info on Avenill Ventures llc...
Funny, GYST is working with Avenil Ventures for the same 100 Kansas wells AERN has had its eyes on... Is there an acquisition play about to happen? AERN and Avenill formed a marketing consortium on June 25th... Is AERN going to buy up GYST or invest in its gold mining?
I wonder! :P
Here's the Gold /Oil connection. AERN JV's with AVL(Avenill Ventures)for peruvian Gold and GYST buys a 50% stake in 100 Kansas Wells via Avenill Ventures..... Hmmmm, somethings's up!
SCOTTSDALE, Ariz., May 31, 2012 /PRNewswire/ -- AER Energy Resources, Inc. (PINKSHEETS: AERN) announced today that its subsidiary Global Wealth Group, Inc.(GWG) has signed an MOU with Avenill Ventures, LLC (AVL) with Gold operations in Lima, Peru.
GWG has agreed in principal, pending final due-diligence and approval from AERN's board, to fund the initial and expected rapid growth rate of AVL's new "Retail" raw gold sales. Previously AVL has been selling gold to refiners in Lima, Peru and Los Angeles, CA. Raw gold prices are often 5-7% below Spot prices in this wholesale market but with this new 50/50 JV between the parties; AVL will now be able to sell larger quantities and receive 10-15% above daily Spot gold pricing. That represents on average approximately 20% higher margins for the sale of raw gold extracted from the mines in Peru. With gold priced at $1565/oz. the new raw gold retail sales JV will amount to an improvement of over $300(US) per oz.
Stanley F. Wilson, AER Energy Resources, Inc., President stated, "It is encouraging to see that our GWG subsidiary has accomplished this new commodities JV with a quality Gold brokerage company. We remain committed to execute our O&G business plan and expect 100BOPD by the end of Q2, 2013. This additional revenue stream from GWG will significantly assist in accomplishing those goals."
The JV expects to sell approximately 70 oz of raw gold monthly or an annual increase in gold revenues of an additional $250,000. Gross sales are expected to exceed $1,400,000 with improving Spot gold pricing over the next 12 months.
Anyone heard of Avenill Ventures?
Graystone Company Acquires Working Interest In Oil & Gas Leases
LAS VEGAS, Jul 09, 2012 (BUSINESS WIRE) -- The Graystone Company (OTCQB: GYST) announced today that it has reached an agreement with Avenill Ventures, LLC to acquire a working interest in up to 100 oil and gas leases in Kansas.
Under the terms of the acquisition of the leases, the Company shall pay seven hundred thousand dollars ($700,000) for a fifty-percent (50%) working interest in the oil and gas wells.
The Company plans to rework and re-drill the 100 oil wells. The Company expects that cost of the rework and re-drilling to be between $25,000 and $75,000 per oil well.
Paul Howarth, CEO of Graystone, stated, "The acquisition and secondary recovery and drilling in these strategic Kansas oilfields is a great opportunity for the Company. The acquisition of the oil and gas allows the company to diversify our holdings of natural resource properties."
Upon the completion of re-working and drilling as needed all 100 wells, GYST's petroleum division expects annual revenues of approx $2,000,000.
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.
Hey Surf, do you know anything about this?
If they're JV is with Marta Oil then it should be pretty obvious... remember they are only 1-3 BOPD shallow wells not teh 400 BOPD gushers I wish they had. News soon though, I believe.
Heard GYST is in the process of being acquired by someone who can fund the mining ops... Anyone else hear this?
What was that about a certain gold company called "Grey...."? Stan buying that one or what? Where'd you hear that?
Someone is thinking this will run to $.05 cents! Sweet!
Where did you see .55?
Thank you! I stand corrected, I better sharpen my own DD!
Are you joking? Do your DD and I bet you can answer your own question. I'll help you out a little, Silvermere is the JV partner with WGAS on Mustang Island. Did you think WGAS was doing it all by themselves? Since we have not heard from Tony about Mustang island why not look at Silvermere.(SLME on the London stock exchange) Oh wow, there it is, an update on Mustang Island. See how this works?
These things don't happen overnight. Read my post about the Silvermere update. They are an 80% owner of the Mustang Island I-1 lease. WGAS is only 10% of that well. It was nice that Silvermere said the boat launched but really nothing has been completed. Look for a PR from Tony when the site is complete and their ready to rework the well.
Hopefully they have new properties/JV's to announce! Since this is basically a vacation week for a lot of people I wouldn't have expected much news anyways. Small companies like this want great exposure for their PR's and want to release them with optimal timing to get the best impact. Releasing them when no one is watching is pointless... Can't wait to hear about all of the current and new pumping activities!
Maybe we'll hear about DBar or the new South Texas property they're working on next week or week after. I'm expecting at least one of these to come through. Two would be ideal and if one of them doesn't, there are plenty of other properties that fit WGAS' business model and site selection criteria. This is a no brainer.
Pilings probablly being driven as we speak. Platform instalation next week probablly. Hoping we hear an update from Tony when this is all complete. Nothing to update us on really until platform is done and they're ready to drilling. It's all out of our hands and seems to be in progress.
Since this is basically a vacation week for a lot of people I wouldn't expect much news anyways. Small companies like this want great exposure for their PR's and want to release them with optimal timing to get the best impact. Releasing them when no one is watching is pointless...
Silvermere Update:
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B606VT57GBGBXASQ1
Silvermere is pleased to provide an the tie-in of the I-1 well in its Mustang Island 818-L Field. This is based on information provided by the Operator, Dominion Production Company LLC ("Dominion").
The barge containing the platform jacket was loaded out and departed from Galveston on Saturday 29 June 2012. After arrival at the staging port at Aransas Pass, Texas the jacket will be rotated to the vertical position before the barge then continues to the designated platform location for offloading. The lift-boat, "Dularge", is expected to load the pilings and installation equipment later today, Monday 2 July, and then to rendezvous with the barge on location. Meanwhile, a dive crew will check the surrounding area and remove any potential seabed impediments. Once the lift-boat and barge are on location, pile-driving will begin.
A second barge containing the Platform and the Deck Extension will load out and follow the first vessels in the next few days.