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Those guys are goobers...
Really? Funny you should use the boat analogy... I bet those people who couldn't get on the Titanic weren 't too pissed after it sank...
Hmmmm... Deja Vu, Kind of like when they released a PR after the BOD split and lost their only well...
Yes, rallied in the face of tripling the A/S, SWEET!
Myself and others have been here since WGAS merged with Black Cat. Lost tons if money watching this thing plunge straight south. I can assure you that myself and others have zero intention to buy this stock again. I've been here trying to tell people not to believe the hype, do your own DD and be very cautious of Volk. Today he tripled the A/S without the slightest courtesy to inform or address the shareholders, the O/S has increased 6 fold since the R/S, dilution is never ending, there is massive debt and no revenues, VM is no where close to being freed from litigation nor is any bankruptcy likely at this juncture. The facts surrounding WGAS do not support the lofty dreams and speculation some will have you believe. This is why the BOD left, there is no possible way to turn this company around. Go read the latest 10K.... maybe your eyes will be opened. Good luck, sincerely.
Unbelievable... although we can't say that people weren't warned...
Sorry, 1.5 BILLION shares! Whoa! 1.49 is essentially 1.5...
A/S increased to 1.4billion! Please post the link so everyone can go verify!
...accumulated deficit of $32,390,371 So how much of that debt has been paid off again thru stock conversions?
How much debt has been paid off via conversions if they're still $32Million in the hole? What the heck did they spend $32 million on in the first place??? Maybe Volk got himself a Bentley instead of a Jag... Mason the BOD and the I1 well cost WGAS no where near $32 million not even $1-2 Million...
...accumulated deficit of $32,390,371 So XZX, how much of that debt has been paid off again?
I take ZERO pleasure in seeing people lose their hard earned money. That's I've stuck around trying to warn people to look at the facts/history, treat speculators with caution and not to get caught up in the hype. Volk is a ruthless crook, beware. Hopefully, this will bounce back for those who lost money. Good luck to all.
People laughed at us for getting out when we did... I wonder who is still holding shares?
000's coming up fast! Better get out now!
No doubt! .001 by EOD!
This is just another loyalty test... Ha!
Maybe Volk will R/S back to .01.
Yup, me too. It's pretty obvious at this point... 000's coming.
I agree this is in a death spiral.
Dilution here is minimal. I've seen some go up 5 fold in 4 months.
Constant? You're crazy!
Tony has nothing to do with Silvermere. Silvermere's mess is of their own doing.
?? In 52 wk he want the pps at $.10 ?
What's the O/S now?
Because it's a POS! Hello! Wake up people!
000's are coming! Maybe a reverse split too!
This company is no enigma, it's garbage, plain as day! Nothing to figure out! No earnings, no profit, tons of dilution, no news, no activity! No surprise this continues to drop!
We've both been calling it for a while!
Ray seems like a good guy but will never say anything that is not on the public record. Study that first before asking him questions, he may just refer you to the past filings/reports and press releases. You can ask him what you want he'll usually repsond with in 30mins or unless he's really busy, offsite, mtg or away from phone, computer etc. I really have not formulated an opinion on Ray or SAGD at this point. Low O/S, not much dilution, not a lot of activity over the winter,(that we've seen), they keep leasing properties but where are the results from all of their Phase 1 activity? They have a super experienced mgmnt team which is one reason I'm onboard, they're not doing this for sh!ts and giggles... Maybe you can get some answers.
Just email Ray directly. He'd be happy to talk with you.
Here's his direcet email: rdemotte@aol.com
Just what makes you so excited? Feel free to post your email since you brought it up. Just copy and paste the contents. I highly doubt Ray would email anything that is not already public info.
What is that 30MM in one week? Since last Friday?
This O/S count is out of date... O/S now over 210MM
It doesn't matter anymore does it? There have been delays, no question but it's still cleaning itself out and according to Silveremere pumps 155 when opened up. Did you read the February monthly report from Silveremere? They're still cleaning it out but its producing 1800bbl & 11MMcubic feet of gas/mo and improving. HOW MUCH HAS VM PRODUCED?
Now I'm wondering when they will double the A/S!
You are correct sir... I voted against this action. Volk chose not to do so at that time but he can do it when ever he wants vote or no vote.
WOW! I can't belive its that high already! That O/S is climbing faster than we all thought possible! Soon it will be over 250MM and closing in on 300MM which is my trigger for a Reverse Split, just like last time!
Puppet implies someone else pulling the strings , like Volk right? Who else would it be? That's right and Mason and the BOD got sick of being Volk's puppets and resigned. So this all goes back to Volk having been in charge during Mason's tenure.
The resignantion letters are out there for all to see... Court records also... Where is the LOC from Ventana? WGAS is doomed...
For your reading pleasure....
AIM: SLME
05 March 2013
Silvermere Energy plc
(“Silvermere” or the “Company”)
Operations Update
Silvermere Energy plc, the independent oil and gas company with assets in the Gulf of Mexico, is pleased
to confirm further progress on production and sales of oil and gas during February 2013 from the I-1 well
on its Mustang Island 818-L Field. This is based on information provided by the Operator, Dominion
Production Company LLC (“Dominion”).
Total production and sales of gas recorded during the month were 11,477,000 standard cubic feet (scf),
an increase of 32% month to month and total production of oil was 1,845 barrels, an increase of 4%
month to month (1,912,068 scf and 308 barrels, respectively, net to Silvermere). The well was flowing for
73% of the time in February, representing a significant improvement on the previous month.
Flow rates were restricted at times due to partial obstruction of the choke with drilling mud and debris as
the well clean-up continued. When unrestricted by mud and debris, the well flowed at typical values of
700,000 scfpd and 155 bopd with a tubing head pressure of 2700 psi, in line with previous guidance.Oil produced during January and February has not yet reached the shore installation and sales meters
due to slow flow rates in the 20” line at the high pipeline operating pressure. The operator has advised
that it intends to reduce pipeline operating pressure to increase flow velocities in the pipeline and thereby
to deliver first oil sales.Silvermere owns a 16.66% working interest in the I-1 well and a 33.33% working interest in future wells
on the leases.
Commenting on these recent developments, Andy Morrison, Chief Executive of Silvermere, said:
“We are pleased to note the improvements achieved during February 2013 which keep us on track to
deliver flow rates in line with previous projections. The clean-up is continuing and we look forward to
further progress with operations in March.”This statement has been approved by Mr Tom Gunningham CEng MEI, Director of Rockflow Resources
Ltd, an independent oil and gas consultancy, who is a Chartered Petroleum Engineer with 24 years'
experience in the Petroleum Industry, and who is a Qualified Person in accordance with the guidance
note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM
Companies.
--ENDS--
For further information please contact:
Silvermere Energy plc
Andy Morrison, Chief Executive
+44 (0)7980 878 561
Merchant Securities Limited (Nominated Adviser and Broker)
Lindsay Mair/Scott Mathieson/Catherine Miles
+ 44(0)20 7628 2200
Peterhouse Corporate Finance Limited
Jon Levinson
+44 (0)20 7469 0937