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Hopefully we bounce back tomorrow and next week but yeah bought more in the 4’s today shoulda waited. Oh well it is what it is. I’m really good at losing money doing this sh*t! Haha
How can a business with 47 employees and 3.6m in revenue be a scam. Just gotta give it some time a nice PR with share reduction would go a long way right now.
Last year they posted it on the 14th
If they reduce shares and have a solid 10k this thing blows up.
That’s a production company here in west Texas privately owned.
Bid is growing.... hopefully the CE comes off this week.
As soon as news hits here people will make a lot of money.... it’s just a waiting game on who will hold out.
This will do exactly what FRFS did RM news runs hard and with time it will sink back down with out any news. I got in and out today held FRFS and got burned. Good luck everyone.
Load the dip!!! Keep this moving!
Sold out for a loss this just keeping going down. Shouldn’t have bought back In a .0050 maybe I will learn one of these days.
I’m going to hold for now since I’m traveling and service is spotty. Hopefully we get some more news soon otherwise this keeps going down.
Thanks!
Good volume this morning. On our way to Boston then Connecticut for thanksgiving! Y’all have a good one hope this makes me some money!
Damn auto correct Fill haha
Ok I’m in full my .005.
I’ll keep watching
No not all at once by why issue so many?
Check out otcmarkets on the stock they have done the same thing before 20 billion o/s.... reverse split it.... do some or then boom 20 billion ready for dilution. Good luck if you’ve held this.
I’ve got a small position here. A push today would be nice.
Yea possibly..... looks like a rumor posted on Facebook and that’s about it. Website doesn’t work etc. I think everyone was thinking the CE was coming off yesterday so that prompted the run I’m sure.
I agree was expecting much more from today. We need some news about financing soon.
Nevermind a little research on my end helps.... well we will see what happens.
So what’s the deal here they haven’t filed anything since feb of 16.
When are filings due?
Is there a need for it? I think so but that’s my opinion. We have a refinery is big spring Texas that is ancient. So as far as in land refinery’s not working I don’t believe that. If he can get financing then yes it’s do able I believe.
Can’t argue with that. We have been burned in the past out here with projects so I feel ya.
Yea I’ve heard stories about guys running their work trucks on condensate. Your from around here aren’t you? Or maybe Houston you sound like an engineer. I can only give advice on production. Everyone will need to do their own DD on everything else good luck!
I don't know what hanks has said just telling you what red diesel is.... it has the sulfur in it it's just not taxed for road use. Condensate is a NGL this isn't coming from the casing it's coming from the tubing. I didn't believe it till I saw the video.
If every we'll ever drilled made the same production forever oil would be less than a penny a bbl. As far as the red diesel yes it has sulfur in it per the EPA it's just not taxed for road use....
JB Tubb#1 you obviously don't understand oil reservoir or petroleum engineering. It's an open hole well makes a bbl of oil a day now made well over a 1000 when first drilled. More info than you really need to know but it's all public domain.
I'll post pictures of penwell tx look up highway 1601 south of I-20 on google maps.
Y'all are welcome I will try and explain as much as I can. Don't worry about the Permian basin going anywhere we produce more than 75% of the oil in the United States. It's the cheapest oil to get out of the ground. We will always be here as long as I'm alive my kids and prob my grandkids and I'm 33!
Possibly but the nice thing is there are many outfits and pipelines in the area. I know plains oil is in the area and Magellan.... plus the rail road idea and where they are going to build it is the main reason this all works. All of their refined products can go to Mexico, Dallas area and Houston. We are in need of serious infrastructure in that area. The main thing to look forward to is financing and then we all know this thing takes off.
That's right red diesel is off road.... all of our drilling rigs and anything else that is strictly off road uses it.
The oil gravity they will prob use in their refinery is in the lower 40's it's almost clear. The company I work for is producing oil in that area that will run a 2 stroke engine right out of the well. It's basically 60% gas out of the well head.
We have been hearing the Permian is outta oil since the 70's.... I have a well drilled in 1926 that still produces. We drill wells in west Texas that still make over 1000 bbls per day in vertical conventional play. So good luck with your theory.
?? I'll be watching, sorry I can't private message ya back!
I've been in and out of this stock a few times. I hope things go well with. Mmex. I live in Odessa where cbs7 is located. Work in the oil fields for a major producer. Anyone who says that we don't need a refinery in west Texas has no idea what they are taking about. High gravity oil is being produced not far from the site of the refinery. I'll get back in on Monday. I do have concerns about financing and some of these notes. We will see what happens.
This is an extremely small production company. We have guys in odessa that own over 500 wells alone. They are private companies. I work for a billion dollar oil company we have 605 wells just in our unit. I'll keep an eye on this one. Could be interesting on what they are looking to get into.