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Yeah, really. I have seen many answers on how long it takes after the form 10 is filed, 60 days seems to be close to what I have seen, I just need the form 10 to be filed and can figure it out from there. If not filed this month, others may get lucky and have some available to purchase.
Sadly, depending on how long it actually takes, I could have to sell some or all of mine before it re-lists,I DO NOT WANT TOO BUT MAY HAVE NO CHOICE. If they get the filing done this month, I will probably be alright,
Since we are now at the end of Feb, (very close) and almost into March, is it possible now that they will want the first quarter financials done before filing the form 10, I hope not.
That is great news. All along though, I was under the impression that due to Dan's ties and connections in Oklahoma, folks were more apt to work with him as opposed to an unknown land man, will he have that same success in PA? or is that SE's territory?
Just wondering.
SUPERIOR
Yup still holding them, almost sold them the day before the delist but thankfully greed kept me holding. Now there are limited choices.
I would bet it moves faster than that, since the price of gas in my area is increasing at the rate of ten cents per week and in my experience, the price of oil moves right along with it.
Hi all, it has been a while since I have been here but I miss interacting with everyone patiently? waiting for the re-list, I am chomping at the bit. I actually wish I had something to add to the conversation that was worthwhile but I don't.
So I will just say that there actually is a new FB page for Superior, we all know that the site had been hijacked and it looks like Dan did finally take it over, unfortunately, there is no new info there but in case everyone does not know, the FB changed from Superior oil and gas CO to superioroilandgas.
Just in case anyone wants to like the new page instead.
GO SUPERIOR!!!!
Then that must be the goal and it does not seem prudent to bail but rather to realign, so to speak, and make that goal a reality.
SUPERIOR !!!!
Hopefully no one is buying here because of Guttman/Weiss but for the research they have done which shows them this is a good place to speculate.
GO SIOR
Yup that is true, you could be right. I will never say you are right until it is proven though, then I can eat a tasty crow sandwich, toasted maybe.
Could be that the shares from the death of one of the founders Bill Sparks, finally made their way through probate, could be what you say. Really, why not really pump this and sell them all and release the increased shares, why wait?
So I presume you are not interested in buying any shares and there will be plenty left for those of us that want them. I am curious why you know the amount is 140 millions though, or is that just an assumption of what is being sold. The insiders would have known and sold when the price was higher, that did not happen.
I have read it, ad nauseum.
GO SIOR
How do I know what they have, well it is because I researched it somewhere other than the SEC filings. Management is very smart to hide what they have.
If you tell everyone your business, then everyone knows your business.
GO SIOR
It is just my understanding and I am not claiming to be right but it is all a matter of holding leases in the right location.
Leases could easily have been purchased after the last filings and cheeply before the play was becoming hotter.
Active wells could easily hold the leases they may have had prior to that, it does seem that a lot of the wells were active from the OCC records. Assets or resources or leases could easily be held in other names and transferred at appropriate times.
In places where the reserves are proven, I think that is a good bargaining chip for a JV or other type of funding even with pending lawsuits. I understand your position and in some ways agree with you but I like what I have been able to discover.
As far as DD in places other than the SEC filings, information has been provided on where to look, several of them are government entities and not just some place on the internet. Physical copies of their records can even be requested if one does not trust the internet.
I will take my chances with SIOR
Have you done any DD on this company? Do you have anything other than non current SEC filings to base your opinion on?
The information available shows otherwise. Time will show the answer.
SUPERIOR
EXCELLENT
I been waiting for this price and bonus to increase my position. Today is the day, go SIOR.
SUPERIOR
It is true, it is available for anyone to view in the OCC records online. Oil and Gas Data base, new well browse.
Check the OCC, Oklahoma Corporation Commission, it is plainly in their documents which can be viewed online as long as you know how to look them up.
Go SIOR
Very well said.
A pearl is just a piece of sand and a diamond is just a chunck of carbon to start with.
GO SIOR
3 new wells today and 2 a couple of weeks ago, that is difficult to do if there is no funding. Looks as if things are in fact happening with SIOR.
SUPERIOR
As many of us here have way more shares than that, it is not likley it is insider trading.
So you are saying that companies that are planning to flood fields with c02, which is a last ditch effort, to get what remains in a field should be able to flood right away and start pumping, not wait two years to see results?
Of course one would have logistics in place, It is similar to trying to flood a field with c02, gotta prep first.
The oil & gas industry was revolutionized in 2005 when Mitchell Energy combined horizontal drilling with hydraulic fracture stimulation. The results have totally changed the world's recoverable hydrocarbon reserves by making it possible to economically drill & produce tight formations.
Reservoirs that are tapped using this combination of rather old technologies are called 'Resource Plays'. Traditionally, drilling success has been contingent upon finding a combination of (1) Porous/Permeable formation, (2) the presence of Hydrocarbons, & (3) a seal or trapping mechanism to hold these hydrocarbons within the reservoir quality strata. Historically, wildcat drilling for such targets has a success rate of 7%. Now, companies exploiting Resource Plays can enjoy a 99% chance of drilling a successful & economical well (assuming that the play boundaries have been established). SIOR as well as other operators targeting their particular 'pocket' of the Mississippi Lime Play share the luxury of assured geological success. Because Mississippi Lime Operators are assured of Geological success, no extra capital is risked by drilling SWD wells first.
Not if you know the oil is there. It's not like drilling an SWD well and hoping to find oil near by, the oil is already there and they know where it is.
Yes, proven reserves, DD makes that easily provable.
No one said they drilled the SWD well years ago, could have been very recent.
Cant sell if no one wants to buy them, seems people want them.
Go SIOR
My funds clear Friday, I want more too.
Yes of course that would be logical step. If you already have proven reserves and know you will hit oil, you would want somewhere to dispose of the Salt Water 1st, then you don't have to pay someone to haul. Cuts down on truck traffic too.
A likely scenario would be that they got their funding, this year, because of the location and proven reserves, then drilled the SWD or used an already dry well(if that is possible) collect the oil and no need to waste any more money on hauling away.
Just my logic/ opinion.
Personally,I find it very prudent not to waste money on SEC filings until it is required. How many people or companies pay taxes before they have to, same thing with filings.
I have a whole bunch of shares that I got at under .005 so I would have doubled my money here if I was inclined to sell them. I am not so inclined.
REALLY YOU CAN'T FIGURE THAT OUT, WHAT COULD SOG POSSIBLY BE AN ACCRONYM FOR?
That is something I can't answer, perhaps someone else can.
I have my suspicions as to what has occurred but I do not believe it is insiders selling.
Show your proof or you have nothing more than a theory.
What evidence do you have that they are selling?
So your only point is that they are lying? the only evidence presented is that they said the same thing last year, business plans change.
GO SIOR
So just how long will that last.
Looks to me like EOR is full of lies