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nice post rasica
Coastal Holdings, Inc. Receives Signed Purchase Agreement From BDT Energy Producers, Inc. to Acquire Interest in Development Oil Well
08:31 a.m. 10/21/2005 Provided By Market Wire
HOUSTON, TX, Oct 21, 2005 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (CSJJ), is pleased to announce that it has received the signed Purchase Agreement from BDT Energy Producers Inc. (BDT) to acquire a working interest in a development oil well. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
After further analysis, Coastal Holdings has decided to purchase the oil well designated as NO. 3 HINES rather than NO. 2 HONEY that appeared in the original MOU and first draft of the Purchase Agreement with BDT. Due to its location adjacent to BDT-owned and producing wells at NO.1 HINES and NO. 2 HINES, the purchase of this oil well is a lower risk venture while still offering Coastal Holdings high revenue and profit potential in a well which could last for 30 years or more. This well will be drilled into the Salem Limestone at a depth of 3350 feet and will be only 660 feet east of an old TEXAS Oil Company (TEXACO) well which produced 55 barrels of oil per day (BOPD) and no water from the Rosiclare limestone. This new well will also be 660 feet west of NO. 2 HINES which has sold in excess of $175,000 in oil produced from the Rosiclare limestone, from just one (1) of the 7 pay zones present in this well. As there are a number of pay zones that produce oil in the immediate area, this well will be drilled to test a total of 8 pay zones for oil and gas production.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
About BDT Energy Producers, Inc.
BDT Energy Producers, Inc. (BDT) is a subsidiary of Britton Oil Properties, a well-established 42-year old firm that owns 14 producing oil wells on 480 leased acres in Southern Illinois, approximately 125 miles east of St. Louis, Mo. and 75 miles northwest of Evansville, Indiana. These wells have a total production capacity of 15 BOPD and an accumulated reserve of 330,000 barrels of oil. Since 1976, Britton Oil has sold $3.5 million worth of oil from these wells. BDT has been formed solely for the purpose of developmental drilling of new oil wells and has selected 5 prime drilling locations from Britton Oil Properties that it is now in the process of funding.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the company website at www.coastalholdings.com .
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact: Coastal Holdings, Inc. CEO Andrea Cortellazzi Ph# (514) 288-9699 E-mail: aandre005@sympatico.ca URL: www.coastalholdings.com
mailto:aandre005@sympatico.ca http://www.coastalholdings.com
nice post rasica
Coastal Holdings, Inc. Receives Signed Purchase Agreement From BDT Energy Producers, Inc. to Acquire Interest in Development Oil Well
08:31 a.m. 10/21/2005 Provided By Market Wire
HOUSTON, TX, Oct 21, 2005 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (CSJJ), is pleased to announce that it has received the signed Purchase Agreement from BDT Energy Producers Inc. (BDT) to acquire a working interest in a development oil well. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
After further analysis, Coastal Holdings has decided to purchase the oil well designated as NO. 3 HINES rather than NO. 2 HONEY that appeared in the original MOU and first draft of the Purchase Agreement with BDT. Due to its location adjacent to BDT-owned and producing wells at NO.1 HINES and NO. 2 HINES, the purchase of this oil well is a lower risk venture while still offering Coastal Holdings high revenue and profit potential in a well which could last for 30 years or more. This well will be drilled into the Salem Limestone at a depth of 3350 feet and will be only 660 feet east of an old TEXAS Oil Company (TEXACO) well which produced 55 barrels of oil per day (BOPD) and no water from the Rosiclare limestone. This new well will also be 660 feet west of NO. 2 HINES which has sold in excess of $175,000 in oil produced from the Rosiclare limestone, from just one (1) of the 7 pay zones present in this well. As there are a number of pay zones that produce oil in the immediate area, this well will be drilled to test a total of 8 pay zones for oil and gas production.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
About BDT Energy Producers, Inc.
BDT Energy Producers, Inc. (BDT) is a subsidiary of Britton Oil Properties, a well-established 42-year old firm that owns 14 producing oil wells on 480 leased acres in Southern Illinois, approximately 125 miles east of St. Louis, Mo. and 75 miles northwest of Evansville, Indiana. These wells have a total production capacity of 15 BOPD and an accumulated reserve of 330,000 barrels of oil. Since 1976, Britton Oil has sold $3.5 million worth of oil from these wells. BDT has been formed solely for the purpose of developmental drilling of new oil wells and has selected 5 prime drilling locations from Britton Oil Properties that it is now in the process of funding.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the company website at www.coastalholdings.com .
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact: Coastal Holdings, Inc. CEO Andrea Cortellazzi Ph# (514) 288-9699 E-mail: aandre005@sympatico.ca URL: www.coastalholdings.com
mailto:aandre005@sympatico.ca http://www.coastalholdings.com
the only reason the price is not going up on this stock is because the people that is selling the stock is not asking more for it
if you walk into a car lot and the dealer say you can have the car for $20,000 you don't say hey I will give $30,000 because it is worth it. no instead you pay the 20 and go home happy
with the buy backs, csjj has a good wack at being a dollar stock
lets be thankfull we can get a peace of the pie at little money
have a nice day
guess my finger got stuck on mouse button
good night
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
Coastal Holdings, Inc. (CSJJ) announced that it anticipates to sign the Purchase Agreement with BDT Energy Producers Inc. by the middle of next week. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of an oil well, designated as NO. 2 HONEY and located in Jasper County, Illinois, that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well.
The financial terms and tax advantages of this investment are very favorable for Coastal Holdings. First of all, this investment can be completely written off by Coastal Holdings in the year of investment and save the Company approximately $200,000 in Federal Income tax. In addition, BDT will guarantee Coastal Holdings a selling price of $50 per barrel of oil for the first 3,600 barrels of oil produced by the well, once it is drilled and becomes a producing well. This guarantees a base price for the oil produced, and if the market price is higher then Coastal Holdings' return on investment will correspondingly rise and provide the Company with a quicker payback. Based on a current market price of $60 per barrel of oil and a minimum annual production of 5,210 barrels of oil, within one year Coastal Holdings will receive a total return of its investment in the well and generate a profit.
don't miss my next post
later gater
I get up early
will you be here tomorrow
here we go just missing each other
in reply to post 268
Nice post thanks to info
the question is will we go up four or five times today?
hot hot hot socks posted here
if you check out sight please post
hoping to read new posts today
cool here in Vegas
coffiee anyone
just like csjj nothing but steak and eggs
and no
I am not going to eat post toasties
submit posts here
many many posts
would like to have posts to read before breakfest
wanting to see new posts
reading posts
waiting for posts
looking for posts
good luck tomorrow make money and see you later
got to go eat
ok have a nice day
I think that is right
have you seen rocky?
I could use a snack