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Are you really "wondering" if we see a PR or do you know something? :P
That's why it's good to buy/sell in chunks. You average your buys and sells just in case it goes lower or higher. Scam? Who benefits from a so called scam? Certainly not AERN, they gain nothing from a low share price. Shorts or MM's? When the news breaks they potentially get hammered like the last big run. Lower prices are great buy in opps. It moves quickly so you have to be on your toes when a sell opp hits. AERN is not for everyone nor will it skyrocket overnight. There's a flurry of activity then it calms until something big hits again then the cycle repeats. Hold it for a few weeks, wait fot the big news to hit then sell it off. Buy more on the low if you want but you have to be patient and not emotional. It seems to always retreat 50% or more after big news. Riverton news will be out soon, news of more wells online, we have not heard anything about the Oklahoma leases yet, quarterly reports will get better each quarter since more wells are coming each month, the oil recycling business will produce more good news. Who knows if we'll hear about the Exxon aviation fuel business. They are trying to put together deals and follow through on them. They won't all happen at once. If your expectaion is overnight success you will be disappointed. If you plan on going long with AERN then I think you will be rewarded. JMHO.
All should have patience! Great buying opportunity! Picked up another 260K at .0038 . This will run I believe. How high is anybody's guess but with new PR's coming out, new pumps coming online, this is profitable now and will only grow and get bigger.
AERN begins LOW RISK drilling in Kansas Oct3, 2011
How much oil is this one producing???
AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully signed an agreement with Multiplex Resources to purchase 13 existing shallow oil wells in Neosho County, Kansas. The Company will immediately begin a rework of 8 of the 13 wells and drill an additional 10 new off-set wells, utilizing the latest drilling technology for maximum efficiency, and cost effectiveness.
Stan Wilson, AER Energy Resources, Inc. President, stated, "AER Energy, Inc. plans to complete the Kansas acquisition in October and immediately begin secondary recovery operations." Mr. Wilson added, "Funding for the purchase and drilling expense has been dedicated and new production upon completion is expected to produce a minimum of $750,000 in net new revenues."
Surf, any word on OK leases? UMO division or Riverton? Can you tweet with your "little birdie"?
Got it, makes sense. All estimates but sounds realistic. The following quarter will be even better. News on OK leases should be coming in soon don't you think so?
Does AERN follow a fiscal year ending last day of
June or do they follow a regular calendar year? In other words.. Are we(AERN) currently in Q1 or Q3?
How do you figure$50,000?
Feb 22 estimates are 200 BOPM at the 6 TX wells per Feb 22 PR. Prior to that only 3 wells were producing. They owned the TX leases since November.(if its Rehoboth) 4 more wells to drilled Q2. When all 10 wells are on line it should be producing $500K/yr
The new OK lease aquired from Texas Energy have 24 proven wells but are being reworked as we speak. 3 initially then 2 per month. No idea how many BOPM are coming out of OK. When complete it should be producing $20,000,000/yr.
How many Bbls/mo are we currently pumping? Anyone know? Between the OK and TX leases... what's the total? I'd do the math but I've gotta run.
The company will be worth several times more than it was last quarter/year with more revenues and potential for growth! I want to see some more deals closing this quarter and a JV signed with Exxon! Picked up some more today! I've got a stash ready if it drops below .0035. No doubt in my mind this will see pennies soon!
Committment with Riverton clearly stated in Annual Report dated Feb 14, 2012:
iii. The Company is committed to the formation of a joint venture with Riverton Energy that is conditioned on a
capital expenditure of $1,500,000.
Link below:
http://www.otcmarkets.com/stock/AERN/financials
HUGE POTENTIAL!
Done... wait and see if I get a response. Will share if I get anything.
I sent an email to AER requesting Riverton update... fingers crossed.
The "yet to be confirmed" Louisiana lease with Riverton Energy is about the size of project I would expect Al Karmali to engage in based on Al's bio. This has HUGE potential! Drilling was suppossed to have started no later than February...
http://finance.yahoo.com/news/AER-Energy-Resources-Inc-iw-2067230544.html?x=0
OK and TX leases are PRODUCING OIL with more wells slated to come line each month over the next 12-18 mos. Read the PR's I'm hoping each time a well comes on line there will be a new PR. This will push the stock and you'd be able to count on regular PR's pertaining to each new well!
NEWS for the UMO business should be out soon. We know this deal is in the works. There is a $10,000,000 LC dedicated to this venture. Results from all the new collection centers working on this vetnure will help AER!
The quarterly report is gonna look great for JFM'12! Compared to this time last year as well as last quarter. That we be a great PR!
Surf? Thanks Ray for the info on Al. I have no doubt that AER will turn into something big. I'm just not seeing big news yet. This 25% increase is peanuts yet positive news is way better than negative news. The PR showing 25% seems to fall far short of what is shown on Al's bio. He does BIG things and I do believe AER will be big... someday. I'm long with almost a million shares hoping for the best. AER can't release huge news last october and november and not share back the progress? Are partnering with Exxon or not? Is the 1.8Billion at Riverton happening or not? How can they go from talking about $20million /yr JV's to increased oil from 130 or 200 bbl's/mo to 25% more than that? (how much did they actually pump in January?)Seems disproportionate.
Agreed D-Trdr!
That was not even worth posting....
PR was a bit underwhelming don't cha think? Surf was right, there was a PR.... If you're producing a 1000 barrels a day 25% is a a lot, worthy of a PR! 25% of 130/mo? When's the real news gonna hit? C'mon Stan, Al... make it happen!
Didn't see your post. Sorry.
May be they are leftovers from un appended info from the previous company prior to Stan buying the shell...
I've read the PR, aware of who Al is. I was responding to "669" post:
Who the hell are these officers?Company Officers
Chairman Jon A. Lindseth
Chief Executive Officer Jon A. Lindseth
Chief Financial Officer Taylor Kennedy
President Lawrence A. Tinker
Company Contact
Employees 35
Headquarters 4600 Highlands Parkway
Suite 17, 6711 East Camelback Road
May be they are leftovers from un appended info from the previous company prior to Stan buying the shell...
Just Al... no one else? Just a possibility, I didn't see the mention of anyone but Al coming over either... Newly hired? I would imagine these salaries would take away from an already small income stream unless they have the "resources" now to afford new hires or higher quality execs...
Could have come over with Texas Energy ...
Hypothetical question for AERN'ers... Suppose AERN does bring in $2 million this fiscal year, with 1.5 billion shares what would the share price be?
Get margin trading activated on your accoutnt then you an avoid the penatly you just got slapped with.
Work it Surf!
I believe in Stan.
A PR release on a Friday can hamper momentum. Early the week is beter. A Wednesday PR gives momentum an opportunity up til EOD Friday and the weekend lets everyone cool down a bit and not get so emotional about trading.... Timing can play an important role in getting the share price up.
Penny trading strategy... Anyone care to share their basic strategy when trading pennies?
Do your DD, read the PR's and news. Read what the posters are writing, most importantly do your own DD. IMHO... Its a brand new company with loads of upside potential. Follows a similar proven business model as several other small domestic oil producers like Chesepeak and Lucas Energy. We've all been making money on this. I bought in at .0035 watched it go to .012. Sold on the upside and bought more on the downside. PR's are looking good and coming on line. HUGE potential here. You can find the last quarterly statement on this board or at "otcmarkets.com" Its not for everyone, its a pink.
Are PR's better released on a Friday or a Monday?
I'll take that bet! I'm in Boston.
Yes, it bodes well for AERN... if it is as profitable as it sounds they can always sell it off once they generate a revenue steam! They could end up in the business of flipping wells like LEI.(Lucas Energy)We'll see. I'm really interested in Riverton though...
We shall see Ricky!
I think this can go to at least $1 w/o a rev split.... Anyone else think so?
Bought 200K more at the open for .0050
(Sarcasm) Are you suggesting the next PR might be about Oklahoma?