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hahaha you still have no idea what you invested in do you?
no offense taken. that's what these boards are for to sound off one way or another and to discuss the stock. Again as I stated before I am here purely playing the charts which are turning. when I feel comfortable with he amount of profit i make i will move on to the next. And just a question but what if just 1 of these wels gushed and produces a large amount of oil/day. BOOM!!! Can't say it won't happen until all 10 wells are completely reworked. until then we are all the same just a bunch of speculators. GLTU I truely hope it works out for you
It is very possible. We'll have to see how much each well produces but on the low side let's just assume that each well does what the 1st one does. 2 barrels a day times 10 wells 20 barrels a day times 5 days a week= 100 barrels x 4 weeks 400 barrels /month x12 months 4800 barrels a year times 90 dollars/barrel is 432k/year. this is on the weak side and does not even take into consideration the it side. seems like a golden stock to me
Here it is I found it from the 10/2/2012 pr
PLANO, Texas, Oct. 2, 2012 /PRNewswire/ -- Globalgroup Investment Holdings, Inc. (PINKSHEETS: GIHI) announced today that its subsidiary Sovereign Oil Corp is continuing to re-work and drill additional wells in Kansas. The drilling and rework of the first two of the ten wells is now completed and Sovereign will continue drilling an additional two wells immediately. With inclement weather now upon the region, Sovereign anticipates completing the two additional wells by the end of Q4 2012.
Under the original terms of the KS JV leases, the Company received a fifty- percent (50%) working interest in the O&G wells for its investment. Sovereign has recently purchased the remaining 50% working interest from the JV partner and now owns 100% working interest in the KS lease. The company plans to rework all 10 proposed oil wells by the end of Q2 2013.
Fred Rackers, President of Globalgroup Investment Holdings, Inc., stated, "This additional purchase of the JVs remaining 50% working interest in the KS lease along with our intention to complete all 10 wells by the end of Q2 next year; reflects upon GIHI's continued commitment to its subsidiary Sovereign Oil Corp."
Upon completing the re-works and drilling of all 10 KS wells, GIHI's petroleum division expects improved annual revenues of approx $600,000 annually.
I believe they have 10 wells 2 already completely reworked 2 more to be completed by end of 2012 and the remaining 6 to be completed by q2 2013 according to past pr's
YYou seem to ask a lot from others since you have been posting here only recently. If you Put that effort into doing you dd about gihi you may not have to depend on others answers so much. PleAse do continue though as I so do enjoy reading your posts
$GIHI I hope not. That is great news if we trade under 2 million. Great news indeed. Please keep me informed with any more great insights u have about GIHI.
$GIHI I started off here at .0016 and have averaged down to .00105 and plan to buy more when my funds become avail. Why? BecAuse I am playing the chart here. The trend is reversing and it will start to move north according to many indicators. I am still confident in GIHI. I have plenty of patience when I land on a good one. Of course to each their own whether or not to put more money in. This is All imho
$GIHI hoping it stays down here just a little longer so I can add more when my funds clear.
From the 9/7/12 PR
Globalgroup Investment Holdings, Inc. (PINKSHEETS: GIHI) has announced that their subsidiary Sovereign Oil Corp has completed its first re-worked oil well in Kansas. The initial re-work located on the South West corner of the lease was successful and oil flows are strong with production expected to be 1-2 barrels of oil, per day.
Oil companies began exploring Southern Kansas over a year ago, seeing enormous potential in the area now that new technologies like horizontal drilling and fracking have made it possible to tap into the oil-rich Mississippian Limestone formation.
According to a recent study, the United States reduced net imports of crude oil last year by 10%, or 1 million barrels a day. The U.S. now imports 45% of its petroleum, down from 57% in 2008. U.S. crude oil production increased by an estimated 120,000 barrels a day last year over 2010, the report says. Current production, about 5.6 million barrels a day, is the highest since 2003.
I think I remember seeing some in the PR which stated they struck oil with that 1st reworked well but I can't remember how much. I don't think it was a whole lot though.
$GIHI Ok Here is something positive for you. Their 1st reworked well is producing oil. Now stop crying already.
$GIHI .0006 base is still intact. haven't closed lower than it yet. Thanks for your great wealth of knowledge though. Please keep up the terrific comments. They are enjoyable
$GIHI well if u are looking for someone else to give you a reason I guess you haven't done your dd at least not enough it seems.Or do you always blindly put your hard earned money into things you don't know about? I know what I hold here as do many others. If you don't have the patience then either sell at your loss and move on or average down.
$GIHI and it will return sooner rather than later IMHO. But good luck to you
$GIHI still very thin this morning. Only 450k@.0008 then only 500k @.0009. Makes me think an update is coming. ;)
$GIHI Ask thinned out like crazy just now only 550k left of .0007's
$GIHI Looks like another base building day here. This is getting to be quite a base at .0006-.0007. When this goes it will go big. Chart looks great here.
$GIHI SEE that wasn't so hard. now start slappin the .0008's before you can't get those anymore
$GIHI it's obvious bid sitters are not going to get their .0006's no matter how long they wait. There is only 337k left at .0007. You should get those before you have to pay more. The northward move is coming. Besides does the .0001 difference really make that big of a diff?
$GIHI only 435k left .0008's who wants em?
$GIHI looking foward to the .0011 break and run
$GIHI Thank you for posting MrBigz, I can't do that for some reason. I will try to post the daily or at least a link to it
GM FLEX NATION. Here's to the start of a great week of trading
GLTA.
$GIHI Hey brucebill. There are so many technical indicators bullish here like Bollies being only .0005 apart from top to bottom, parsar at .0035 before it even turns. GIHI is in good shape right now technically. It just may take a little time here as reversals to the upside do take a little longer than downtrends.
$GIHI only 672k left 0007's.
$GIHI good news Atlanta1 does that mean your in yet. You should grab the last of the .0007's IMHO they may not be coming back
$GIHI .0007's getting gobbled up only 1.67 mil left.
$GIHI I don't think it will happen today but believe me I would be plesantly surprised if it did. only 2.18 mil left .0008's Let's get rid of em for good this time
$GIHI strange trading activity this morning. Something is up.
$GIHI .0009's up only 1.28 mil left
$GIHI .0008's thinning out 1.45 mil left
$GIHI buzz is enormous today. not sure what's going on. Almost seems like it is being covered by someone,not sure. Anyone have any info? Thanks
WHERE would i see that checked box if it does apply?
$GIHI Wow been here since Aug and have not seen this kind of chatter4 yet. This is great to see. Love the chart here as this is the beginning of the reversal according to daily and weekly chart. Very possible for a large move north as Parsar does not even change until .0038. Lots of room to run here GLTU
$GIHI as per OCT 2 PR 600k
Under the original terms of the KS JV leases, the Company received a fifty- percent (50%) working interest in the O&G wells for its investment. Sovereign has recently purchased the remaining 50% working interest from the JV partner and now owns 100% working interest in the KS lease. The company plans to rework all 10 proposed oil wells by the end of Q2 2013.
Fred Rackers, President of Globalgroup Investment Holdings, Inc., stated, "This additional purchase of the JVs remaining 50% working interest in the KS lease along with our intention to complete all 10 wells by the end of Q2 next year; reflects upon GIHI's continued commitment to its subsidiary Sovereign Oil Corp."
Upon completing the re-works and drilling of all 10 KS wells, GIHI's petroleum division expects improved annual revenues of approx $600,000 annually.
$GIHI Now that would be sweet It's gonna be close 1.86 mil left
$GIHI seems that way right now. NITE the only mm left at .0008 1.86 mil left
$GIHI They are called fake walls .been noticing that. they seem to come off pretty quickliy though when .0008's popped up there were over 4mil then ATDF put up their real numbers