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that is how I read this too.
Well, now they have told us they have them.
I can say the same but us longs do appreciate the new pps.
GO SIOR SUPERIOR
You did see a truthful filing that indicated they had a false start, where is the lie?
The definition of a lie, includes that it is intentional, there is no proof it is or is not intentional. More likely scenario is that they were ready to file and circumstances changed so there would be no reason to file.
It is possible they could file a multi year comprehensive 10k but it appears to take just as much work as catching up on the deliqunet filings and just about as long
Maybe 45-60 days for one filing but they have to catch up on all of them.
The company, despite an earlier false start, has secured the necessary funds and is proceeding expeditiously to prepare and file with the Commission all delinquent filings and become current again.
I might ask why you are so adament that they report, is it just because SIOR said they would even though they are not required to, they changed their mind, not a problem if it is not a requirement. Why won't you answer the question I posed to you?
Probably not, they were not required to file so why bother until it is necessary?
I really was asking your opinion, how long you would expect it to take to get caught up on two years of filings, after the major executives both pass in a short time and the person stepping in has to basically start from scratch. ( Top to bottom reorganization).
As the company moves along and finds funding, partners, settles legal matters etc.. makes a business plan and moves forward, then finds that there are more lucrative means of moving forward and is able to once again say they will get caught up, how long should that take?
I believe someone recently called the company and they are still actively in the process of filing, timelines and business plans change.
Not withstanding the fact that SIOR has not filed since the last time, although they have not been required to file, just how long do you think it should take for them to catch up and get current, what makes it funny enough for you to be laughing?
REPOSTED
Related Companies:
- Cactus Drilling Co. of Oklahoma: Confirmed by Gayla McCoy as another company that they are doing business as. She is also the registered agent.
- Flying D. Ranch, LLC: Confirmed in the SEC filings as an affiliated company. McCoy is the registered agent.
- McCoy Energy Co: McCoy has stated that this company is not connected, however the SEC filings has it listed as an affiliated company. McCoy is the registered agent.
- Hudson Resources Corp: Confirmed in the SEC filings as an affiliated company. Michael Sherrod (SIOR’s lawyer) is the registered agent.
- Lloyds Of America LTD: Confirmed in the SEC filings as an affiliated company. Michael Sherrod (SIOR’s lawyer) is the registered agent.
All Companies in existence that are related to SIORs Employees or affiliates. (There are many more expired and non related companies that are part of SIOR’s management. There are also many other companies related to individuals with small ties I cannot link to SIOR, however I have reason to believe that they are connected in some aspect. Feel free to look them up and comment.)
Gayla McCoy:
- SUPERIOR OIL AND GAS CO
- SUPERIOR DRILLING CO. OF OKLAHOMA,
- CACTUS DRILLING CO. OF OKLAHOMA,
- FLYING D RANCH LLC,
- TRUMP DEVELOPMENT COMPANY, INC.
Michael Sherrod:
- Lloyds Of America LTD
- HUDSON RESOURCES CORPORATION
Dan Lloyd Jr
- EVO, INC.
- Trump Energy Corporation
Wells under the control of SIOR per the Website and State of OK, with legal description, API, Well Name, and Confirmed Gas/Oil Production,
S01 T19N R10W 3501123199 Lonesome River
S12 T18N R03W 3508320691 Lewis 1-12
S13 T18N R03W 3508320101 Lincoln Lewis
S14 T18N R03W 3508361737 Lonesome River A 1 160 MCFPD, 20 BOPD
S14 T18N R03W 3508323870 Gayla 1-14 130 MCFPD, 9 BOPD
S21 T18N R02W 35083230490001 Donohoe 2-21
S22 T24N R05W 3504724396 Windy Vista 1-22
S23 T18N R03W 3508323869 Chickie 1-23 55 MCFPD, 22 BOPD
S25 T16N R06W 35073247340000 Washington 1-25
Legal description to land that SIOR has in Oklahoma, based on okcountyrecords.com and www1.odcr.com. (This does not include all counties in OK, so much is missing, or leases are held under additional names) (Some of these leases have wells on them that are new and possible part of Superiors holdings, however nothing to confirm it. Feel free to look them up and comment.)
S07 T19N R07W SE
S08 T19N R07W NW
S08 T19N R07W SW
S08 T19N R09W SE
S09 T15N R06W - NE/4
S09 T15N R06W - SW/4
S13 T26N R07W SW L1 THRU3
S13 T26N R07W S2 NW L5 & 6
S13 T26N R07W SE SE L7 & 8 & 9
S13 T26N R07W NW NE
S13 T26N R07W SW NW
S14 T26N R07W NW
S14 T26N R07W N2 SW
S15 T26N R07W NE
S15 T26N R07W NW
S15 T26N R07W SW
S15 T26N R07W SE
S17 T15N R06W NW
S18 T15N R06W NW
S27 T15N R11W L1-3; 9
S31 T16N R05W SE
S03 T15N R06W - SW/4
S09 T15N R06W - SE/4
S14 T12N R10W
S18 T28N R02E
S19 T16N R06W - N/2
S19 T16N R06W - SE/4
S19 T28N R02E - S/2 NW/4
S19 T28N R02E - SE/4
S20 T28N R02E - W/2
S22 T14N R05W - NE/4
S30 T28N R02E - W/2 NE/4
S31 T15N R05W - SE/4
The 2 leases below belong to McCoy Energy, and at one time belonged to SIOR. (According to SEC filings these were transferred back to McCoy in 98, however there are no legal records to show they ever were, and still may belong to superior.)
S04 T14N R26W A 3512920323 SELBY HOOPER 2-4 60% Working interest
S05 T14N R26W A 3512920305 SELBY-HOOPER 1-5 20,000 MCFPD, ? BOPD 50% Working interest
Superior also still owns land in Colorado, confirmed by Gayla McCoy. (These were part of Lloyds of America, and there still may be more, Feel free to look them up and comment)
- 26,000-foot long Bureau of Land Management right-of-way in the White River Resource Area of Rio Blanco County, Colorado
- Land also included a few shut in wells and possible lease for new ones.
At this time I have been unable to confirm leases, wells, or an active operator’s license in Kansas. But as stated on this board earlier, and what I would believe as a reliable for different reasons, is that there is 23,000+ acres leased in Kansas, with the operators being larger companies that have contracted to Superior.
I also have good reason to believe that Superior is working on funding for these leases, and while news may not be soon, the decision could come in the next month.
Negative Information:
- Superior and some related companies are behind on their business licenses in the state of Nevada. However they have until Feb of 13 to become current.
- They are behind in SEC Filings, however I believe will become current when info become available and licenses are renewed.
- They have been part of many lawsuits for breach of contracts, failure to pay, and other things. However this shows at least there working on something, and the court records can give a glimpse on the inner workings of the company if one looks hard enough. It also shows that Superior does have money in the accounts)
- Superior has failed to meet deadlines and release news, however if there are possible deals with other companies, this could be a main reason.
Recent Positive Information:
- On 8/30/12, Superior got permits to re-drill Chickie 1-23 (permit expires in July of 13)
- On 9/14/12. Superior got 3 companies to be released from their holdings for 3 wells, Chickie 1-23, Donohoe 2-21, and Lewis 1-12. (Companies are COMMODORE ENERGY CORP, DIVERSIFIED GROUP LLC, and BONANZA OIL & GAS INC)
- Many of the leases above are either being drilled or have active permits. (However I cannot confirm they are related, but there the only active wells on the leases)
Websites that provide useful information:
- http://search.cogov.net/Okcana/sname.asp
- http://okcountyrecords.com/
- http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html
- https://www.sos.ok.gov/corp/corpInquiryFind.aspx
- http://www1.odcr.com/
- http://nvsos.gov/sosentitysearch/CorpSearch.aspx
- http://www.eser.org/rhodes-south-field-wiley-trust-d-1-woolsey-operating-company-llc-mississippian-formation-barber-county-kansas-34s-11w-5
- https://www.kansas.gov/bess/flow/main?execution=e1s1
- http://www.kgs.ku.edu/PRS/petroDB.html
- http://www.kcc.state.ks.us/conservation/index.htm
1) The Mississippi Lime is a total resource play. That means that a geologist can determine the thickness of the play in any given area, mutliply the lateral length and determine the the amount of recoverable oil and within a fair degree of certainty, determine the well flow rates and decline curve after hydralic fracturing and stimulation. This is as basic and low risk of a oil play that there is on the planet, bar none.
2) Superiors 9 vertical wells were drilled by Dan Lloyd Sr. and Bill Sparks. Theses wells were initally drilled deep as exploratory wells to log the geology and to test the prospectiveness of the Woodford shale. There have been very few deep wells drilled in this part of Oklahoma. Dan Sr. Bill Sparks and John Helton had a theory that the Woodford Shale had to lay below a good portion of the Mississippi Lime and be the ultimate source rock for the play. They have since been proven correct.
3) Dan Lloyd Sr. had a serious heart attack while on a trip to New York to speak to a group of investors, present his findings and secure financing to develop the project in full. Dan Sr. passed away the next night. Shortly there after (just several days) Bill Sparks the VP of Superior also passed away. The full amount of funding did not come through and Superior had a makeship management team at best at this point. Dan Lloyd Jr. was not a part of Superior oil and gas at that time. He and John Helton had a drilling company of their own. The Weiss Family and Sam Guttman fronted some money to Superior to try to complete these wells. The completion contractor was not qualified to handle the job and had mechanical issues in the wellbore that hampered completion and essentially there was no more money to put into the project. Law suits insued, infighting, etc,etc.
4) So in short the wells were never hydralically fractured or stimulated, nor were they ever fully completed and they all still pumped oil... The well logs can be inspected by anyone who wishes or has the time to do so, along with days operated and oil and gas sales, so here is what you wll find. Some of the thickest, most highly productive sections of the Mississippi lime extend through Logan, Garfield and Payne county's. Devon Energy,Chesapeake Energy and Plymouth Energy have all drilled some of the highest producing wells of this entire play that boarder Superiors leases and the geology has been confirmed as Devon has also done the 3D and radiometric surveys.
I'm still in and add where I can, these days that is not often but with these prices, it is time to go back and dig out the coins from the couch, many have built up since last year.
GO SIOR
Excellent thoughts
Bill Sparks (Deceased) – Director
Above From the web site.
That shows right there that things have changed, perhaps it is not prudent to rely on the SEC filings. Just sayin.
Go SIOR
Throughout this board are many postings of where people have found or verified information, all of which is of public record, links have been shared or information as to what government entity or other various methods of research one can do on their own has been provided. This way, investors can search for their own answers since we all know the company is very behind in reporting.
GO SIOR
Nothing to see here as we have been saying all along.
GO SIOR
YUP, what would have happened in the world without hopes and dreams,
GO SIOR
I find that to be good news, they indicate they are currently working on them and are not just letting them fall by the wayside
(reading between the lines)
GO SIOR
Be patient or don't the choice is each individual investors.
I do see the negatives, they are valid reasons to question what is happening with SIOR but but it is my individual perogative to make a choice to be patient or leave. I will be patient.
GO SIOR
It is a perfect time to enter, re-enter or increase the position.
SIOR appears to be ready to take off next year. The company is run by very experienced oil, legal and financial personnel, has been restructured from top to bottom due to the death of the founders, is in the right locations.
Although they have had multiple delays, which depending on your point of view may be bad or good, I prefer to consider that better options presented themselves and caused the delays in getting current with the SEC. They have not been required to report so we can only speculate that deals have been made that will move the company forward and that they are in the process of doing so as they have stated.
GO SIOR
I still think it is
SUPERIOR!!!!
I still think it's fun.
Sea, not sure about line of questioning but my answer is basically the same as always, we won't know until the filings are out.
I do suspect that annual revenues from oil & gas sales are about $2.1 Million a year, which is not bad for a company with a $3 Million Cap (based on 55 BOPD, 300 MCFPD, $90/BBL & $4/MCF). Regarding the legal matters, I'm not sure that judgements can be enforced due to jurisdictional issue. What proof do I have? none, other than what I have found through my own dd and the dd of others, is it valid, I can't prove it is or is not nor can I provide you any links to where I find info. I can tell you I get hints from folks who are on this board and verify them to the best of my ability, (to the extent I do not have to pay for them) then I apply what I feel is reasonable logic so if you want to call that gut feeling, then that is what it is.
Many think it is way undervalued, just depends on the point of view one chooses to follow.
Go SIOR
I understand your point, sometimes things happen. It could be good it could be bad, depends on ones perspective. I can think of many different scenarios that would create a change, many of which have been discussed on this board, even some that would relate to my own personal life that could be applied in a larger scale here.
The bottom line is that even though they have said they would be compliant, they do not have to yet.
Just plain logic indicates that if they can prove they hold the leases and they can prove the reserves, they can get the funding.
You would have to ask them, I for one, do not care. How do you know they are not in the process, time will tell.
I like what I see with SIOR, I have not lost one dime and even if I did, most of the funds came from gambling winnings to begin with. It's a gamble, why not gamble with gambling winnings.
GO SIOR
SEC reporting requirements for OTC Pinks.
Reporting obligations because of Securities Act registration
Once the staff declares your company's Securities Act registration statement effective, the Exchange Act requires you to file reports with the SEC. The obligation to file reports continues at least through the end of the fiscal year in which your registration statement becomes effective. After that, you are required to continue reporting unless you satisfy the following "thresholds," in which case your filing obligations are suspended:
your company has fewer than 300 shareholders of the class of securities offered; or
your company has fewer than 500 shareholders of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years.
Important information regarding SIOR (reposted)
1) The Mississippi Lime is a total resource play. That means that a geologist can determine the thickness of the play in any given area, mutliply the lateral length and determine the the amount of recoverable oil and within a fair degree of certainty, determine the well flow rates and decline curve after hydralic fracturing and stimulation. This is as basic and low risk of a oil play that there is on the planet, bar none.
2) Superiors 9 vertical wells were drilled by Dan Lloyd Sr. and Bill Sparks. Theses wells were initally drilled deep as exploratory wells to log the geology and to test the prospectiveness of the Woodford shale. There have been very few deep wells drilled in this part of Oklahoma. Dan Sr. Bill Sparks and John Helton had a theory that the Woodford Shale had to lay below a good portion of the Mississippi Lime and be the ultimate source rock for the play. They have since been proven correct.
3) Dan Lloyd Sr. had a serious heart attack while on a trip to New York to speak to a group of investors, present his findings and secure financing to develop the project in full. Dan Sr. passed away the next night. Shortly there after (just several days) Bill Sparks the VP of Superior also passed away. The full amount of funding did not come through and Superior had a makeship management team at best at this point. Dan Lloyd Jr. was not a part of Superior oil and gas at that time. He and John Helton had a drilling company of their own. The Weiss Family and Sam Guttman fronted some money to Superior to try to complete these wells. The completion contractor was not qualified to handle the job and had mechanical issues in the wellbore that hampered completion and essentially there was no more money to put into the project. Law suits insued, infighting, etc,etc.
4) So in short the wells were never hydralically fractured or stimulated, nor were they ever fully completed and they all still pumped oil... The well logs can be inspected by anyone who wishes or has the time to do so, along with days operated and oil and gas sales, so here is what you wll find. Some of the thickest, most highly productive sections of the Mississippi lime extend through Logan, Garfield and Payne county's. Devon Energy,Chesapeake Energy and Plymouth Energy have all drilled some of the highest producing wells of this entire play that boarder Superiors leases and the geology has been confirmed as Devon has also done the 3D and radiometric surveys.
5) Again everything that I have posted is a matter of public record and can be verified by anyone here with the desire to do so.
In my mind this is one of the best speculation oil plays that I have ever seen.
Hi All, I finally get to be a Mod too.
I'll help, it will be SUPERIOR DD
Agreed,no real value here. Can't speak to dilution but I am not impressed with any company where there is not a lifetime of oil field/oil investing experience and I just don't see it here.
And only 11 followers, lawsuits with management, this does not speak well for the company.
SUPER SUPERIOR !!!!!!!
LMAO
So am I reading this right, a complaint has been filed with the SEC because SIOR, who are not required to file, are delinquent in the filings they are not required to file?
Excellent expenditure of tax payer monies.
SUPERIOR!!!!!!
I thinking it will be an or so rather than an or not.
Welcome back, GEO,
Reporting not required at this time for this company due to SEC threshold regulations.
Oh what a handy little thing that ignore button is.
I can live in my own little happy world now.
SUPERIOR!!!!!