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SANS DEC MILL PERMIT CGFIA TO DEAD FILE
Without permit Mill is significant liability as evidenced by prior correspondence. Hope CGFIA is not contingently liabel for reclamation costs of structure and site.
Continue to have high hopes for permit approval but time will tell.
GAS PRESSURE AFTER 19,500FT
MNLU originally scheduled casing for 19,200ft. I would think they would allow a margin of error based on Chevron logs and geophysics.
I hope that you are right, the sooner the better but remember this is a tight hole and PR might be slow in coming.
MAKE THAT 2011/5/20
eom
DO NOT SEE REVERSE SPLIT NEAR TERM
If a reverse stock split planned, I would have expected it to occur before doubling authorized shares.
INSIDER INFORMATION LEAKING OUT?
Ask price up from $0.035 to $0.065 for week. Looks like there is action behind the scenes.
What are the latest rumors? Keep us longs posted
DRILLING REPORT 11/19/2010
"by Skip Peel- Independent Landman 12 hours ago
The Burkley-Philips #1 reported 119 days drilling ahead @ 18,150' on 11/19/10. Yeah, yeah I know but that's how the report reads. Draw your own conclusions"
"Reply by rusell shleby 1 hour ago
Yes, clearly a typo.. They changed the bit around 18,800."
Drilling ahead at 50' per day for week.
ANYONE VISITED MNLU OFFFICES?
Just interested in how substantial their operations are. If not, I will be tempted to drive the 20 miles to attend an expected shareholder meeting on takeover vote for AEXP.
NOTHING TO FEAR
But fear itself of the unknown. I am more than willing to wait for an accurate 10-Q, to give us a nice jump up.
AT 40' DAY 80 DAYS PLUS TO TD
"Reply by Mudbugs20 10 hours ago
Very typical to drill 1-4 ft/hour at these depths."
With tripping, logging and coring, it could be end of February before they reach TD. That destroys my estimate of XMAS or New Years, so an empty XMAS stocing for us longs. At this point patience is the byword.
HOPE YOU HAD SWEET DREAMS
About CGFIA mill permit approval.
Chevron in $4.3 billion deal for shale firm
See;
http://money.cnn.com/2010/11/09/news/companies/chevron_atlas/index.htm
UP TO CEO
to negotate source of cash or joint operating agreement. Your guess is as good as mine as to his success but I wish him and GMXS well!
DRILLING REPORT
" by Skip Peel- Independent Landman 1 hour ago
Burkley-Phillips #1 reported 105 days drilling ahead @ 18,404' on Nov. 5."
See:
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179%3ATopic%3A1397504&page=24#comments
WILL CHECK TOMORROWS DRILLING REPORT
Thanks for your heads-up.
FROM GO HAYNESVILLE SHALE
"by rusell shleby 1 hour ago
Mainland is at 18.300, tight sand, very slow drilling"
This is only 63 ft since report of 10/29 at 18,237 ft.
See at:
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179%3ATopic%3A1397504&page=23#comments
CGFIA ACQUISITION OF GMXS NOT CONSUMATED
To the best of my knowledge. I am currently holding my position in GMXS until December with possible sale for tax loss. Have had strong position in CGFIA since late last year. Best of luck to you.
PERMIT AMENDMENT EXTENDED TO DECEMBER 15
See Posts 4494 and 4516.
PERMIT AMENDMENT EXTENDED TO DECEMBER 15
"Additionally, the Company reports that the hearing date for the Pride of the West Mill permit amendment before the Colorado Mined Land Reclamation Board has been extended to December 15, 2010."
See: "ColoradoGoldfields Inc. "Gold Dynamics in the News" Part 6"
CMLRB AGENDA 10/17-18 INCLUDES CGFIA
14. Formal Public Hearing
COLORADO GOLDFIELDS, INC. …File No. M-1984-049
c/o C. Stephen Guyer
Chief Financial Officer
7986 South Datura Circle West
Littleton, CO 80120
San Juan County, Sec. 1 , T41N, R7W, 10th P.M., 96 acres, 112d-2, milling only, precious metals; Pride of the West Mill. Consideration of a 112d-2 amendment application with objections. (Wally Erickson)
http://mining.state.co.us/Agenda/nov10.htm
Let's hope this hearing results in approval of the Mill.
SHOULD REACH 19,200 FT EARLY NEXT WEEK
On 10/14 SHALEONYOU reported 1,100 ft to go to reach casing point at 19,200. At rate of approximately 100 ft per day, that point should be reached 10/25 or 26th. Allowing two weeks to set and cement casing and do wirline work, MNLU should be off and running the next 3,000 ft to TD of 22,000 ft. I hope that depth can be reached by mid December. So am hoping for that big XMAS present but not holding my breath. Maybe a reason to break out champagne for New Year's celebration.
Atencio Named CEO 8/24/10 so this must be old quote
Give us a reference.
AMEN TO JENNA'S CONTRIBUTION TO BOARD
She is a thinking woman and adds a needed perspective to our rantings!
GREAT REPORT SWANKY, FOR REFERENCE
See:
http://ih.advfn.com/p.php?pid=nmona&article=44729703&symbol=NY%5ECHK
TD FOR XMAS PRESENT STILL LOOKS GOOD
100 ft per day or less plus well service makes TD at XMAS look realistic!
EXCELLENT QUESTION JENNA
Thanks for bringing it up, I have had the same question in my mind!
CGFIA NOT ON CMLRB AGENDA FOR 10/13/10
The tentative CMLRB agenda as of this date does not include CGFIA, see:
http://mining.state.co.us/Agenda/oct10.htm
AEXP EXPECTS PROXIES OUT END OF NOV OR MID DEC
In response to my email query to AEXP concerning expected date of proxies to shareholders they responded with:
"At this point, the assumed date will be between end of November and mid-December, will need first to await SEC blessing of filed S4 document."
This concerns me since that will be approximately TD or completion of well.
MISSIPPI STATE OIL AND GAS BOARD OUTCOME
Decision-Continued
See:
http://www.ogb.state.ms.us/docs/September%202010%20Docket%20Final.pdf
FINAL APPROVAL BY CDRMS SCHEDULED FOR NOVEMBER 17
According to document quoted final approval of the CDRMS is scheduled for November 17 per next sentence from line quoted.
APPEARS COMPLETION AS XMAS PRESENT
With slowed drilling rate, casing & logging completion will be our XMAS present. Who agrees?
DRILLING PROGRESS SLOWED TO 85' PER DAY
Per this and previous report over last seven days. Did they have to pull string to replace bit during this time or just slowed down due to depth and formations?
JUST MORE CONFETTI
To throw as they march across the backs of existing shareholders. At least they did not have a reverse split before doubling authorised shares. In my humble opinion the additional shares are at least partially required by management to finance cash requirments for opening and operating the Mill and mines if they ever get to that point.
CGFIA ON MLRB AGENDA FOR 09/15/2010
See:
http://mining.state.co.us/Agenda/sept10.htm
NEW GOV RESTRICTIONS ON SHALE GAS?
See article:
http://money.cnn.com/2010/07/14/news/economy/gas_drilling/index.htm
NEP LAST POST FOR SEC 7/02/10 AS OF THIS MORNING
EOM
JENNA YOUR NEWS, VIEWS AND COMMENTS ARE APPRECIATED
EOM
REASON FOR GOLD PRICE DECLINE
http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html
JULY 14 IS A KEY DATE FOR NEP
"China North East Petroleum Holdings Limited (the "Company") received notice from NYSE Amex LLC ("AMEX") that AMEX has accepted the Company's compliance plan. AMEX also granted the Company an extension until July 14, 2010 to regain compliance with AMEX's continued listing standards."
CONSIDER REVERSE SPLIT
GMXS.PK initiated reverse split of 200 to 1 going from 900.000,000 shares to 4,500,000. It appears that a reverse split along with cancellation of at least a portion of the Authorized but Unissued shares would put CGFIA more in the ballpark on share count.
RIGHT ON TROGER
However,I am concerned that one million dollars wil not go very far to refubrish the mill and provide working capital for its operation. What is your take on this matter?