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If NORX starts drilling before July 11th, all this could become moot. Show the potential and the money will flow. IMO
Did anyone check with newspaper to see if ad was placed and appearing?
Just sent email to tyler@circadian-group.com
Waiting to see what I get back.
Thank you for that very insightful evaluation of this situation. Bad experiences are the greatest teacher.
Your Est is off a LOT.
"According to the report by Dr. Lopez, Norstra's roughly 19 sections of the South Sun River Bakken Project are estimated to contain original oil in place of a high of up to 16.7 million, an average of 13.1 million and a low of 9.5 million barrels of oil in place per section, based on existing historical data. Reserves in the area are still classified as "undeveloped."
19 sections*13.1MBO/sector = 247MBO * $50 = $17B value of reserves.
17B/150M shares = $115/share
It's my Retirement fund
Bought some more on dip. Go NORX!
Symbol
NORX
Last
0.811
Change
-0.009 (-1.1%)
Bid
0.811
Ask
0.815
High
0.9199
Low
0.81
Volume
1,322,819
Time (ET)
10:53:24 AM
Symbol
NORX
Last
0.795
Change
-0.041 (-4.9%)
Bid
0.795
Ask
0.80
High
0.86
Low
0.765
Volume
1,378,211
Time (ET)
11:17:00 AM
NOT EARLIEST 12/31/2013 But no later than.
They are WAY AHEAD of schedule by starting in July.
March 18, 2013
SOUTHLAKE, TEXAS, – NORSTRA ENERGY INC. (OTCQB: NORX) (OTCBB: NORX) ("Norstra" or the "Company") is pleased to announce that it has entered into a farm-out agreement with Summit West Oil, LLC. for the South Sun River Bakken Prospect, which was identified by the Company's management as an excellent target for a Bakken well. The South Sun River Prospect consists of over 10,000 acres of prime Bakken acreage with almost 10 years left on most of the leases. Bakken development is considered simple and basic horizontal drilling. Under the Farm Out Agreement Norstra will provide $200,000 for short term working capital and drill and complete a first well into the Bakken Oil Formation by December 31, 2013; a second well into the Bakken Oil Formation by June 30, 2014 and drill and complete a third well into the Bakken Oil Formation by December 31, 2014; Upon completion of these drilling obligations, Norstra shall have earned 100% working interest in the entire acreage constituting the farmout land. In the event that Norstra only completes the first and/or the first and second well, but elects not to proceed with the second and/or third well, Norstra will earn the above mentioned working interests only on the spacing unit on which well(s) have been drilled.
Symbol
NORX
Last
0.869
Change
+0.089 (+11.41%)
Bid
0.869
Ask
0.87
High
0.879
Low
0.791
Volume
2,775,971
Time (ET)
2:52:23 PM
Bid .825-Ask .83 Vol 2.1M
Couldn't hang onto HOD but still closed green up 11.43% on 3.8M vol
Couldn't hang onto HOD but still closed green up 11.43% on 3.8M vol
Guess I'm lucky. Don't have as far to get back to my .045
L@@ks like some profit taking goin' on :-[
Where is next resistance level?
.81 NICER!
HOD COME ON HAPPY HOUR!
NORX
Last
0.79
Change
+0.09 (+12.86%)
Bid
0.7899
Ask
0.79
High
0.79
Low
0.70
Volume
2,911,053
Slow and strong up, up, up.
Ouch! What a bumpy road today.
Maybe tomorrow will see some green.
Getting further away from my Breakeven
Bought some more @ .88
In it for the long haul
OR at least until they hit oil & $2 lol
Also remember...Up 300% in 3 months. WoooHooo!
It's important to look back at this week.
Monday sp was at .92, went up 124% to 2.06, and now it is settling back and consolidating above the resistance level of $1.00. Patience will show another run up to $2 soon. IMO
NORX struggling to come back to even.
Only wish I had waited a little longer to get back in. Could have gotten some at 1.10 instead of 1.30 BUT don't want to be TOO greedy
In at .78, out at 1.75, back in at 1.30 makes for a Green day.
Me Too! It's like a roller coaster right now. 1.29-1.45
UNBELIEVEABLE! 5M Vol in less 2 1/2 hrs. Wait til Power Hour.
Probably will buy more on dips but, for now, FREE RIDE is good. IMO
Sold enough to get my investment back. Riding free for the long haul.
Since they have the funding to drill for gold, that is where their focus is right now. I think the longer range plan is take profits from gold and invest it in further lithium exploration. Either that or they will just wait until neighbor offers to but them out. IMO
Should make Most Active List today w/ $3.3M Vol Up17%
2.1M vol already. Awesome!
Opened .05 higher on yesterday's news. It has broken through the $1 resistance level and now it is off to the races. Buy more on dips. IMO
Good to hear Tick. Thanks!
2.3M vol and SO Close to breaking $1. TOMORROW! IMO
New PR today. 13.1M BOE X 19 Sections X $91/BOE = $22.5B Reserves for South Sun River.
According to the report by Dr. Lopez, Norstra's roughly 19 sections of the South Sun River Bakken Project are estimated to contain original oil in place of a high of up to 16.7 million, an average of 13.1 million and a low of 9.5 million barrels of oil in place per section, based on existing historical data. Reserves in the area are still classified as "undeveloped."
Will fly tomorrow after it hits Most Active List. IMO