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7-10 bbl/hr * 24 = 168-240 bbl/day * $110 = $18,840 - $26,400
Low ball it @ $20,000/day * .05 = $1000/day in revenue
$365,000/year in annual revenue for a 5% interest well is not too bad while we wait to commence @ Noble with well #3 of 60!!
There are NOT 63 wells. Joe went out and bought this interest because he was encountering delays at Noble.
If you can't have fun trading, then you're not ready yet. Keep the day job a bit longer!!!!!
Thanks for the info on this, awesome job with your analysis. It was a great read that i'll pass along.
Thanks again!
Already started to give my blog viewers some info.
Thanks guys!!
You got me interested bud, gonna take a position Tuesday.
Have a great weekend
Joe
Thanks bud, glad to have another believer long and strong.
Appreciate the support!!
My question is actually the opposite, whenever I place an order (5,000 or ANY higher amount) it shows as 5000 as do 99% of all listed. When is it that a 10K is listed??? Maybe GTK orders????
Perfect close for the week IMO (well .01 would have been perfect, but this is a great close IMO)
Get ready for the ride everyone. My bullets will be blazing next week :)
Joe
Thanks Wolf, hopefully we all get this one moving.
Absolutely nothing going on. You're not missing a thing!!!!
Level 2 looking good IMO MM's know they'll get gobbled up if they drop their asks.
I'll paint a .0018 close if possible ;)
Thanks Shkinferd, next move is definitely to the upside. Anything under .0019 is a great buy IMO
We'll move towards the .0022 area over a day or two (when it happens), then a run towards .004 on a P/R with numbers in it. Hopefully then we can start a new base .0033-.0036 on the pullback. Unless it's a sustained run in which case I say we try for the .006!!!
All JMO DYODD
ABSOLUTELY!!!!!!
Thanks bud, next time we pass .002 it should be for good.
The chart says it all!!!!
Joe
If you can't have fun trading, then you're not ready yet. Keep the day job a bit longer!!!!!
He's very tough to understand??? Maybe in grade school and hasn't learned to write yet???
Thank you very much :)
So far not a bad day at all, very low volume and not falling below .0016!!!
Believe me the POP is going to be VERY EXPLOSIVE when it comes.
Thanks, wasn't sure which way he was heading!!
Anybody help translate this???
Sell, then buy but them have never a future???
If you can't have fun trading, then you're not ready yet. Keep the day job a bit longer!!!!!
Hey guys, been following this stock since the .03 area and love the slow steady climb it had. Haven't done a lot of DD so if anyone could, where would you think a bottom is ST?
I'm thinking .036 then .03 but I see a lot of chatter about a 43-101, when is it expected??
TIA
Joe
Morning guys, we need .0015 to hold and to try to get a close above .0017 tomorrow. Let's get er' done!!!
GLTA
Joe
End it at that. Tomorrow morning we regroup, add some shares on the cheap (under .0018 IMO is cheap), and everyone gets along!!!
Sound like a plan???
Joe (3.5 mill & counting)
Just figured out what you guys were argueing about and someone not posting a chart is in no way a shortcoming of their ability. Some people are great at finding ranges without charts and some are chartists but need help with entry/exit points.
We're all here to help each other and fueding is useless except for aggravating members to the point that they'll go elsewhere when we could have used their area of expertise.
Come on guys, we should be like a family. Yes we can argue like all families do, but the end result should be helping each other succeed.
Joe
Believe me in this case we are not breaking out to the downside.
JMO of course DYODD
I absolutely love the chart Mick and thank you as always.
Seen this triangle in Gold soooo many times the past two years and know what it leads to. And it's coming very soon IMO!!!!!
Awesome chart, we're getting all coiled up and ready to spring IMO!!!!
GLTA
Joe
Thats using a lowball number on the oil but the high end of the 7-10 bbl/hour!!
??????????? 5% of 240 barrels is 10.2 barrels/day * $100 (lowball) equates to REVENUE of $1200/day or $8,400/week or $36,000/month
Not sure where you got the $72 from??
If you can't have fun trading, then you're not ready yet. Keep the day job a bit longer!!!!!
No it's only 1 well with a 5% interest. the 9 was only mentioned as the number of the 60 they own that will be producing by year end.
Really good to know. Thank you very much for your DD and thanks to Joe for being concerned about his image and replying quickly.
Probably what the dilution was for which I personally have no problem with as they will now be receiving revenues which can be used for wells 4-7 and so on. Be it a 3 week delay or not we still will be getting Nat Gas numbers and actual production from the first group of wells in said three week period.
GLTA
Joe
If you can't have fun trading, then you're not ready yet. Keep the day job a bit longer!!!!!
Once again, The Real Titan shows why he is an actual knowledgeable trader. It's all about booking (PERIOD)
Great post!!
Book, book, book, book, book........
Thats the name of the game. As simple as that.
Unless you're just playing for a home-run and 5% gains don't give you $500 each time.
Thanks Clay, I'm big into Gold Miners and EGO should break $10 once Gold breaks $1000 again in early October!!
JMO DYODD
Just playing devils advocate here guys
He's releasing this interest bought due to the fact that well three (of original 60) is going to take a little longer (3 weeks) to get drilled???
Very good question, seems like he's saying there will be a three week setback on well three drilling??????
LMAO
Amazing rush from these stocks!!!
Exactly, it's not as if he's receiving any cash from the 1st two wells as of yet.
Be patient guys, this is gonna get really exiting.
JMO DYODD
Joe
This week we get a slow steady move, gotta remember we doubled from the .0013 to today's .0025 in a couple days.