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You are right, the projection is based upon just the 3 A wells and the 2 wells to be drilled in 2nd quarter. I do not beleve it includes this new T1 well.
"By the end of this current quarter, the company expects to have 3 working wells. The drilling of 2 additional wells will begin in the next quarter. The company anticipates a net production of 50 to 60 per day by its fiscal year end. The number of production days is expected to be about 340 days per year. Our projections are based on crude oil futures of $90 per barrel and an average cost of production of approximately $20.00 per barrel. Based on anticipated revenue and costs we expect to generate $1.4M net earnings in fiscal 2009 or $0.002 per share. This does not include any income from additional opportunities we plan to acquire.
The company surely included that in their projected revenues for wells 1A, 2A, and 3A.
"Based on anticipated revenue and costs we expect to generate $1.4M net earnings in fiscal 2009 or $0.002 per share."
This lease increases proforma numbers. Brian said in that update they would have 3 operating wells by end of 3rd quarter. Wells, 1A, 2A, and 3A (Van has pictures of these from Fridays trip). Well T1 from todays news was not included in proforma numbers IMO.
So we should get news today,
From Van's pictures of Fridays trip,
"Well 2A continued – production beginning there that night!"
Did I miss Vans update from his trip? Am anxious to hear what they talked about more than the photos.
OK, thanks. Hopefully we'll see news soon (and filings)
So no mention or update on filings?
Thanks
Well 2a should be pumping now and we should get PR on it. Brian also stated we could expect news this week on a new lease for a 3rd well.
Where's the news....lol
Anybody talk to Trevor recently? I keep getting a recording when I call. I was hoping filings would get done this week. Was also hoping they completed dd on latest merger possibility and would release news on it being finalized.
I won't bet against you...lol.
TDA shows last trade .015....Ask .014
What is wrong with this picture?
Sadly, I think company is still diluting and that is why trades showing as late prints and mirrors.
I wish they would stop and let this go. I was told to expect financials filed with pink sheets this week and I hope this is correct. I also hope selling stops by then so we can finally run.
JMHO BWTFDIK!
Has anyone confirmed that Van is still going on the tour this week. I would think he is a bit ticked CEO lied to him about share structure.
You still here Van?
I am just saying that I believe the float did jump from 2.5M to 20 to 25M shares during those first 2 releases and prior to Trevor stating the company was not diluting. Yes, I admit I could be wrong but look at how we traded then. Price moved fast prior to 1/23 release then there was a 2 week period where we were trading 2.5M shares or more a day and price was flat or dropped.
I guess it doesn't matter now. Watching trading I am confident there is no more dilution and hasn't been for a few weeks. I do think float is drying up again because we are starting to move on lighter volume. I also think we have quite a few flippers in here right now becuase it is moving up and down.
Bottom line, rock solid company and we should start recovering from whatever happened this past month real soon.
As always, JMHO BWTFDIK!
Here is what I think....
Company diluted to the tune of 18-20M shares into news from 1/23/08 to early February to raise much needed capital to advance their plans and open door for latest aquisition they are in talks about. (Most of us were told float was 2.5M shares to that point and recently have been told it is around 20M) Look at the volume during that 2 week period following first PR. Mirror trades also support this theory IMHO.
I am not bashing even though this sucks and they pretty much swallowed our 10 bagger with this dilution. The future is still awesome for this company!
I believe this increase in the float has pretty much been absorbed by a lot of us here. (gotta love any opportunity to average down ....lol) So we should be pretty close to seeing some moderate jumps in pps if the information flow from the company continues on a weekly basis. Filings will put us where we all expected to be when we thought float was smaller.
JMHO BWTFDIK!
LOL, its a real joy having you here Lady Belle!
LMAO, or will you be ridng in the trunk...hehe
I plan to, just a bit surprised he didn't call back like he said.
Well, EB, he was must have been talking to you when I called and promised to call me right back. Never did so I hope what he told you was true!
Not good business to promise return call and blow it off IMO.
That CNBC error just proves you right Blue. Many eyes on ONMC waiting for confirmation to jump in. Hysterical how quick it jumped on an honest mistake.
Yepper, this indicates we should see record volume when company releases material information. Today proves it!
Bob
Thanks, just saw it on last years news. Wonder why they quit putting it in news?
Please post the IR number and I will call. Doesn't seem to be listed on news releases.
Thanks
Thats my fear to.
Can't blame EDS. At least they are keeping ONCO's name out there in front of 100k plus subscribers. Can't blame them for lack of upward movement after 3 very good press releases either.
Something is up here and it stinks right now.
This is definately a great long term play but something "fishy" is holding us back. We should have been at .08 to .10 easily on these past 3 releases and yet we flirt with mid .03's then tank!
TD Ameritrade .002 x .0025
Looks to me like there just isn't any bid support. The MM's just drop it on little volume and yet good buying at ask doesn't even budge this.
Frustrating to say the least.
Hey Belle,I am curious........
How many beads did you get? (grin)
I know, a true lady never tells...LOL
The reduction of shares comment means they are going to reduce the "authorized" shares number. This is a good thing because it will limit their ability to dump shares on the market if their are none authorized to be issued. IMO, this is a huge step for them to take to build shareholder confidence. Add to this their going on record that no reverse split is coming and things bode well for us.
Basically, they are stepping up to the plate and telling investors, "we believe in our company and believe we will make our profits from the oil drilling, not share dilution!"
JMHO BWTFDIK!
Continuing to build a strong foundation here. One of these days word will get out on this hidden gem.
More awesome news this morning!
Wonder what it is going to take for people to realize this is a real company with huge upside. Now we have 3 excellent news releases in a row, in very short period of time, and we continure to churn at .03.
Don't get me wrong, the longer we churn the the higher it will go when big volume hits. My only concern is how many more of these awesome news releases do we need to get before people realize this and the volume shows up.
Try emailing Chad. Now that he is IR, nobody from the company is going to respond to you. Chad will "require" he be the only person talking to shareholders IMO.
EDS text interview will probably come out tomorrow evening IMO.
Can't wait. The first ONMC text interview they did, gave some pretty good info from the CEO.
I expect ONCO interview to be even better!
EDS contest email out..ONCO is one. This will help keep interest on us and continues to give us exposure to his subscribers.
*******************************
Dear Readers,
In honor of our NJ Super Bowl football team, the NY Giants (Giants Stadium is in NJ) we are sponsoring 3 stock picking contests worth up to $500.00 in prizes. Be the first to guess the Friday February 8th closest closing price (without going over) on the following stocks and win.
ONCO= $100.00 Home Depot Gift Card.
ONMC= $100.00 Sears Gift Card
PWDR= $100.00 Sunoco Gas Card
Should only one entry be correct on the Friday close on all 3 stocks then that winner receives all 3 gift cards plus an EDS Corporate Check for $200.00
Contest rules. Only one subscriber per entry. You must guess and submit the 3 closing prices on the 3 stocks no later then 9AM est. Monday February 4th along with your Name, City, State / Country / Province and Phone number for verification of prize winner to ericdavidinc@gmail.com This contest is open for EDS subscribers ONLY. If you are not a subscriber and want to participate then please enter you e-mail onto our home page www.ericdavid.com any and all tie breakers will be go to the earliest received entire.Any and all winners Names along with their City and State / Country / Province will be announced on Saturday February 9th
EDS Employees, Consultants or family members of Eric David Weiss are prohibited.
Good luck to all.....
Steve Weiss
Publisher
thanks ebguy!
Its funny how you try to voice your opinion on this thread and get labeled negative. This board is a joke!
Our pie in the sky friends here can post their pumps of going to the moon, which creates false hope and suck people in who aren't experienced at this trading, expecting quick returns. Then when it drops from lack of news and volume they disappear.
When a stock drops it is always an opportunity to average down....geesh. But continually telling people to do this is also hype and pumping.
LMAO! Funny how these type posts never get deleted. But let someone voice a concern or try to make some logical observations and look out.
What a joke! Well its been fun (not). I am sure this will be deleted fast but for those who saw this...good luck to you.
I am done contributing to this thread! I'll continue my own due diligence and keep it to myself from now on.
Negative posts....LMAO...Get real!
This should make you happy Leigh.
LMAO, in my businesses customers go elsewhere if we don't answer the phones. I would love to have a business where the customers don't matter and I didn't have to answer the phones. If they are to busy, then hire an IR...lol
Patience is always the key but the company needs to step up and start being transparent again. It's their silence which causes this. (And its inexcusable in my humble opinion).
Yes these things take longer than planned but they are the ones who put out the first R/M announcement prematurely when it wasn't even signed. Then they put out the "corrective timeline" PR that said they were coming to US to personally deliver this stuff on the 15th, and then a week later we get PR that everything is filed. (and lets not forget the supposed blackout which as never been explained)
So when was it filed? What did they do on the 15th? Geesh, its no wonder people are getting nervous and bailing. The fact is R/M's don't take this long and I understand they are probably new to all of this. But, they spent 2 years working on this and should have been better prepared on these "timelines"
Every sale bothers me because it is probably some inexperienced investor who is panicing over all these delays. I know most of you here don't care, but it bothers me.
Time for Aquagold to throw us a bone. If you agree with me call and leave messages and email them. If not, put me on ignore.
JMHO BWTFDIK!
Did, and word was they were picked up at airport Wed night. I left a ton of messages yesterday and 2 today so far.
Usually I can occassionally get the receptionist to answer and when not one of the principles calls me back.
Not this week though.
Anybody had any luck talking to the company recently? I have left a ton of messages with no response. Even sent all of them a long email.
Silence is not golden here!
Paperwork in Nevada means we are now legally Aquagold, irregardless of what symbol and name we trade under. So no excuse for continuing this "blackout" period.
If you haven't called or emailed the company, please do it now and see if we can get their attention.
LMAO, I guess mentioning a former person involved with our company, one whose company name we are still trading under, is a no no.
And commenting on how quickly his other merger went through in comparison to ours is also off limits.
Wow!
OK, I am ready, hit the delete button now.....LOL
Sorry, just playing with you mods....hehe
Yepper, and we will remain here until volume jumps. Which isn't a bad thing....more like a spring getting wound tighter and tighter with each day. Eventually, she's gonna blow!
Anybody notice how fast jesse finalized his ohter merger. Man that sucks....lol