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Why even correspond with him? He doesn't even live in the US. His opinions mean nothing here.
A moderator of a, for the most part, US political message board makes no sense but in his own mind.
He's a joke and has a lot of time on his hands.
Obviously he does not have a life.
Awesome! Looking forward to it.
Crazy. It sure is nice seeing a runner with that money flow.
Hopefully it's a sign of things to come in the penny market.
I love watching ASCM get his ass kicked.
Wowsa
VNRR 52wk Range: 0.11 to $20.50..
Currently .116 x .12
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Vnrr&insttype=&freq=1&show=&time=8
Does this really sound that bad? I dipped my toe in down here fwiw.
Vanguard Natural Resources, Inc. Reports Third Quarter 2018 Results, Asset Divestiture Updates, and Updated 2018 Guidance
PR Newswire
HOUSTON, Nov. 12, 2018
HOUSTON, Nov. 12, 2018 /PRNewswire/ -- Vanguard Natural Resources, Inc. (OTCQX: VNRR) ("Vanguard," "VNRR," or the "Company") today reported financial results for the quarter ended September 30, 2018, and other operational results.
Key Highlights
Closed four divestitures for aggregate gross proceeds of $30.9 million, including its Potato Hills assets in Oklahoma which closed for gross proceeds of $22.9 million, interests in over 145 wells in Texas and Louisiana for gross proceeds of $5.5 million, and interests in five wells and associated undeveloped acreage in the DJ Basin in Colorado for gross proceeds of $2.6 million
Additionally, the Company entered into a purchase and sale agreement for the sale of its ownership in natural gas properties in the Arkoma basin of Arkansas in mid-September, which comprise all of its interests located in the state. The sale closed on October 15, 2018 for a total contract price of $12.0 million
Reported production volumes of 330 million cubic feet equivalent (MMcfe) per day
Lease operating expenses were $35.4 million
Selling, general and administrative expenses (excluding non-cash compensation and severance costs) were $9.6 million
Continued success in the oil-prone Red Lake area of New Mexico with a total of six recompletes to date with average rate of returns in excess of 90% and additional recomplete candidates and future infill drilling locations identified
Updated fourth quarter and full-year 2018 operational and financial guidance for the year, with an updated full year 2018 capital budget of approximately $120.0 million to $125.0 million
Remain significantly hedged for the balance of 2018 and through 2020 with the balance of 2018 production hedged 85%, 91% and 42% for natural gas, oil and NGLs, respectively, at the mid-point of announced guidance
Added Rockies basis hedges for 2018 and 2019 for a portion of our Rockies production
Added Midland-Cushing basis hedges for 2019 for a portion of our Permian production
Mr. R. Scott Sloan, President and CEO, commented, "We continue to be focused on transitioning Vanguard to an exploration and production company focused on organic growth. As we have stated in the past, the first step is divesting non-core assets to decrease outstanding debt and concentrate our technical focus on understanding the future potential value from our operated assets. As we look to the future I am particularly encouraged by our recent results with the San Andres at Red Lake and with the Resh wells in the Arkoma Woodford."
Third Quarter 2018 Highlights
Reported average production of 330 MMcfe per day in the third quarter of 2018 represents a 9% decrease compared to 363 MMcfe per day for the second quarter of 2018 and was below our third quarter guidance range. The production decrease from the second quarter was primarily attributable to the closing of the Permian, Mississippi and Green River asset divestitures in June 2018, the Potato Hills divestiture in August 2018, and a decline in production from the Pinedale as activity decreases from the first half of the year. As compared to guidance, production was primarily impacted by lower than expected new production from Pinedale. Additionally, fewer NGLs were processed in the Piceance due to short-term downstream capacity issues in the third quarter that have since been resolved. On a Mcfe basis, crude oil, natural gas, and NGLs accounted for 15%, 70% and 15%, respectively, of our third quarter 2018 production.
Lease operating expenses ("LOE") of $35.4 million during the third quarter of 2018 ($1.17 per Mcfe) decreased 4% compared to the $36.8 million in the second quarter of 2018 ($1.11 per Mcfe). The decrease compared to the second quarter is primarily due to the planned shutdown of the BEC facility and the associated maintenance in Alabama during the second quarter of 2018 along with other seasonal expense items across the portfolio plus the impact of divestments. Third quarter LOE was above guidance due to increased well workover and water handling costs in the Pinedale and the Permian basin, plugging and abandonment costs, and prior period adjustments related to our non-operated assets.
Transportation and gathering expenses related to certain of our natural gas and NGLs contracts were $9.6 million during the third quarter of 2018 ($0.31 per Mcfe) and are lower as compared to $9.8 million in the second quarter of 2018 ($0.30 per Mcfe).
Selling, general and administrative expenses ("SG&A") were $10.7 million during the third quarter of 2018 ($0.35 per Mcfe), a 3% decrease compared to the $11.1 million reported in the second quarter of 2018 ($0.34 per Mcfe). Excluding non-cash compensation of $0.6 million and severance costs of approximately $0.5 million, SG&A was $9.6 million for the third quarter of 2018, which was below the mid-point of guidance.
Depreciation, depletion and amortization expenses ("DD&A") were $35.6 million in the third quarter of 2018 ($1.17 per Mcfe), representing a decrease of 8% from $38.7 million in the second quarter of 2018 ($1.17 per Mcfe). The reported DD&A decreased primarily due to impairment charges and the sale of oil and gas properties in the second quarter and third quarters of 2018, both of which reduced our depletable base for the current period.
We reported a net loss attributable to Common Stockholders for the third quarter of 2018 of $32.1 million compared to a net loss attributable to Common Stockholders of $57.8 million in the second quarter of 2018. The decrease in the Company's reported net loss for the third quarter of 2018 is primarily attributable to higher revenues due to higher average realized natural gas and NGLs prices combined with a decrease in losses on commodity derivative contracts (realized and unrealized). We also had lower LOE and lower impairment expense, offset by a lower gain on divestitures compared to second quarter.
Adjusted Net Loss Attributable to Common Stockholders (a non-GAAP financial measure defined below) was $22.8 million in the third quarter of 2018 compared to Adjusted Net Loss of $25.2 million in the second quarter of 2018. The Adjusted Net Loss for the third quarter of 2018 included adjustments for net non-cash expenses of $8.2 million primarily comprised of a $2.0 million impairment charge on our oil and natural gas properties and a $8.0 million loss from the change in fair value of commodity derivative contracts, offset by a $1.7 million net gain on asset sales. The Adjusted Net Loss for the second quarter of 2018 included adjustments for net non-cash expenses of $30.1 million primarily comprised of a $7.6 million impairment charge on our oil and natural gas properties and a $27.5 million loss from the change in fair value of commodity derivative contracts, offset by a $4.9 million net gain on asset sales.
Adjusted EBITDA (a non-GAAP financial measure defined below) was $29.7 million in the third quarter of 2018 and represents a 3% decrease as compared to Adjusted EBITDA of $30.5 million for the second quarter of 2018. The decrease as compared to the second quarter of 2018 is attributable primarily to higher realized losses on our commodity derivative contracts, partially offset by higher oil, natural gas, and NGLs revenues.
Capital expenditures for the third quarter of 2018 were $24.1 million, down from $38.4 million in the second quarter of 2018. This $14.3 million decrease from the second quarter is primarily attributable to lower capital spend in the Piceance Basin and in the Pinedale field. During the third quarter, we participated as a non-operated Pinedale partner in the drilling and completion of two horizontal and 20 vertical natural gas wells. In Mamm Creek, we completed the last three wells of the 2018 development drilling program. The focus for the balance of the year and into 2019 will be to analyze the data from the 14 well program and evaluate how to best proceed in future development of the large resource still in place
VNRR .12. Down big due to BK I guess but..
Their assets weigh out there liabilities by quite a bit and JP Morgan still holds a stake per the 1/4/19 filing. Kinda interesting.
NOT A BUY RECO, just throwing it out there since it's down so much lately.
TLPY .014 dip op. Tons of updates coming...
Ticker change
Share reduction
Filings
PRs
Should be exciting.
How many shares were you able to get there?
TLPY there is a share reduction coming according to their last PR.
Nose bleeder move coming.
I hope that people on our board got a position as I think next week is gonna get nutty!
So few know about this one for now.
TLPY still under the radar. People will be chasing over .03 and beyond imo.
So nice!
I see. Lookin good.
Folks appear to be holding on tight to this one and rightly so.
Next week should be interesting as more people discover it.
IHUB is still quiet on it too.
New 52wkh. Sweet!
You saw this too right?
From the 15th....
Telupay, Inc. (OTC PINK: TLPY) is pleased to announce that it is in the process of having its request for a new ticker symbol, a substantial reduction in issued and outstanding shares in the market and a name change, which will be Celexus, Inc., reviewed. Upon completion of the review of the notification by FINRA, Celexus will be listed on the OTC and available for continued public trading.
Full press here:
https://marketwirenews.com/news-releases/telupay-inc-receives-name-change-to-celexus-inc-and-enters-the-hemp-market-6832236.html
OTCX needs to go.
That new DD will circulate over the weekend imo.
Nose bleeder potential.
Wait until that new DD soaks in.
Their market cap is nothing compared to other growers. Monster potential gains here.
I just noticed that you already have. lol
New info on the board.
TLPY .0105. May want to look into this one very soon before others notice.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146190958
Supposedly 145M O/S and only 50M float.
APTY 15M bid @ .001.
APTY 15M bid @ .001, 52wkl.
750M A/S is low for a .0011 stock.
APTY .0011. Might finally bounce.
UATG .001. This is interesting..
Not in, just watching for now.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146163009
.0159
GHHC Starting to head back up now.
GHHC Appears to have found support here.
.0081. I'm starting to feel like my luck is turning around.
GHHC Added. OTCQB with nice news and SS.
Cool new biz too.
GHHC Added some.
IMNP gapping up.
GHHC Nice news out.. GH Capital Satisfies All PowerUp Convertible Notes Accesswire "Press Releases"
MIAMI, FL / ACCESSWIRE / January 16, 2019 / GH Capital, Inc. (OTCQB: GHHC), a diversified FinTech holding company, today announced that as of last week, the company has completely satisfied its obligations under all existing, Convertible Promissory Notes from PowerUp Lending Group .At the time of writing GH Capital has no other convertible promissory notes on record from PowerUp.
The Company is grateful for the investment they made in our Company; they have an excitement for our industry, and the technologies that we are developing. PowerUp has been committed to the growth of our Company and the continued development of our new cutting-edge technologies that would have remained completely stagnant in the absence of said investment.
About GH Capital
GH Capital, Inc. (OTCQB: GHHC) is a diversified FinTech holding company offering a range of financial solutions for businesses layered with an advisory platform to assist companies going public. For more information, please check out: http://www.ghcapital-inc.com.
Forward-Looking Statements
Forward-Looking Statements. This press release contains ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the ''Exchange Act'') (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words ''believe,'' ''anticipate,'' ''estimate,'' ''expect,'' ''intend,'' ''plan,'' ''project,'' ''prospects,'' ''outlook,'' and similar words or expressions, or future or conditional verbs such as ''will,'' ''should,'' ''would,'' ''may,'' and ''could'' are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Form 10-K filed on December 15, 2017 , for the fiscal year ended September 30, 2017 , including but not limited to the discussion under ''Risk Factors'' therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
Contact Information
Corporate: press@clickdirectpay.com 305-714-9397
Investors and Media: Hayden IR hart@haydenir.com 917-658-7878
SOURCE: GH Capital, Inc.