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I added another 100K myself...
Is VOLK an MM or PR firm?
4000 bopd translates into $X pps?
Really... You still think EXXON is possible? That is deader than dead... Are you just screwing with me? Have you even bothered calling the other companies involved? Go ahead and call them , please tell us what you've learned... The EXXON JV was part of the pump before the dump last year.
That's about right!
$.35 is wishful at this point. Maybe after they get their BOPD up to 400 it will be $.35...
"Facility" ? Right now it's open water with a barge or two putting in pilings and connecting pipes... Platform construction should be starting too.
A wise guy I see!
Well it could easily be part of the nine and the thirty wells... Either way it's 20 more than last week! Hope he gets them done soon with more than 1-2 bopd each!
Not shooting. Didn't know where the number 20 came from. First KS PR was for 9 wells, second was for 30 with an option for potentially 60 more... Doesn't really matter, they're drilling THAT'S what's important! Now the question is, how many BOPD are they expecting and are these the shallow wells or did they find something deeper?
Accumulation of cheap shares... I believe all pennies are manipulated by someone. (MM's or investor's in the "know") They push it down until the right news is imminent then they let it run. Profit takers sell, it drops, do it all again. This will run, needs to see oil first!
I thought it was 30 wells to be drilled...
Are these those 1-2 BOPD wells?
Just be ready to jump on it when it does bottom out. I know people who got in at .03. I waited and got in at .01. That whole delay running a ground really screwed a lot of us.(not me) I'm ready to buy up some more soon. Let's see how low she goes before good news hits!
How else are they planning on buying DBar or Redwater or anything else let alone pay for reworks and drilling... I bet they need money hence the possible dilution. I'm looking forward to picking up more shares! I'd be surprised if they got $8-10 million out of Mustang over a few years but it's a beginning.
Sorry Surf but I don't get the point of your last 10 posts... Nothing juicy in there at all. The small gold deal isn't even inked yet. 1-2 BOPD from the KS wells isn't much and even less with oil at $83... Stan's gotta bring more than this to turn the company around... I'll gladly stand corrected ! Bring it on guys!
Isn't this deal with an unknown JV partner part of the same unknown KS JV from last November? How do I know? Case in point , mystery JV partners... Could be Ronald McDonald for all we know... Frankly, I'm surprised they didn't say Exxon! So we're recycling older PR's just broken up? This JV is 30 wells the next one is 60, will they announce another for 10 wells next week? AND if it's Marta Oil that means Stan and Theresa are JV'ing with each other and since Theresa is such a major shareholder then she's JV'ing with herself... This will explain the favorable terms of the JV! May not be illegal but sure sounds fishy... The rest of July better be good although they did announce they hoped to get to 100bopd by March 2013!
Let 'em sell... Keep the price right where it is for a few more days. I'm aiming to grab some more on Thursday!
I hope Stan realizes that his word is worthless. What will make this plan any different than any previous one? He had a great plan, he was not following through with his contracted commitments like with BG. He didn't make Riverton or Al's OK lease happen. I don't know what he's spending his time doing but it seems clear he's not interested in growing a legit business. Seems like he'd rather nurture a deal enough to generate a PR or MOU or letter of intent to pump his stock and then let it hang out to dry and not ever actually make something significant happen. With the VC money he's gotten for shares in AERN he could have made some oil deals happen but he can't seem to get AL any money to drill with... Q2 report should be embarrassing with more VC money spent and little if anything new to show for it except more dilution and lower pps. I'll call his bluff, let's see what he can bring to the table. If he's lucky no one has complained to the SEC about him if they have not already. This is his reputation he's destroying. Investors are wise to him now. Let's see what you got in store for July, Stan!
I like to hear what's been delivered today over what might happen in the future...
Wonder what Tony's PR approach is. Seems to be more in the mindset of quality over quantity , report on substance over hype. Is anyone familiar with his style? Last time Silvermere had a Mustang Island PR he followed it up shortly after. Maybe he'll announce progress at end of week when there is something better to report. We can keep up to date via Silvermere in the mean time.
Iran just lost 1/3rd of its oil revs... It will hurt but I don't expect them to budge.
- The EU stopped taking their oil.
- Western insurance carriers have dropped coverage of Iranian tankers.
- 2 pipelines from Iraq to Saudi Arabia now on line.
- We have 2 carrier groups there plus French an English...
Let 'em close the straits...
What do you know?
If you had millions in in equipment on a boat would you have sent it out not knowing where Debby was headed? No. The insurance company probably wouldn't allow it either.
No, it didn't end up there but was a serious threat until it headed east. It also kicked up huge waves even though it did not ultimately go there...
There was a hurricane... That could have potentially delayed things a few days.
Get over it. Sell or hold but stop complaining... We've all felt that way , except Surf maybe. I want my money back too but pennies are a buyer be ware situation.
Nice post Shakespeare , very insightful! Your mastery of English is astounding!
Saudis/Turkey vs. Syria on verge of war... oil could go up monday! Should find out over the next 48 hrs...
.0035 now...
Hahahaha! $12...
Don't sweat it. At this point they just need to be pumping oil from anywhere.
No big deal you just have to wait for some who just happens to be selling the exact same amount 81836 shares... Knuckehead... Uncheck that box and make it "good for 60"...
I suppose you're right, somehow we'll get screwed... It will be interesting. Like everything else they've done to date that has not worked out, why should this be any different? (I do give them credit for buying Rehoboth) Let's see what happens with the Kansas leases... Maybe they hit a mother load and found oil at a deeper depth on the TX or KS leases.... but have to JV with other people because they have no money to pump it themselves...
That would be ideal! Keep 'em crossed, I'm anxious to see what happens in July.
Who is the update from?
I hope we get to a penny... What are the chances?
We'll see if you're right. I can't imagine too many AERN stock holders here that have held consistently over the last 6 mos... Wonder what the terms of the spin off will be to us? How many shares for each AERN we own...