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tif WGAS was to be halted dont you think it would of been done yesterday when the SEC halted 10 other companies....also fureal doing research on other companies it should take a month at most to get optimized flow rates.... so we really should get final flow rates this upcoming week...if we dont than i will start to wonder what is really going on here
actually looking more into it he is right way Ironridge is by far worse than asher look at this report.....and is the reason for our decline http://www.stockhideout.com/showthread.php?t=18727
well .0062 is not happening today. should be interesting if we get a late day green again bid is higher than .0012 right now. i like the low volume...Mason or Slme SHOULD update us on final flow rates tommorrow or next week.........OEDV turned on a well on december 30th and announced final flow rates on january 22nd it took 23 days. so no reason to worry yet the same timeline for our well would be between Jan 28th-30th
if updated flowrates do not come by next friday yes i will be disappointed.
if we can finish in the next 2 days with green thats 5 str8 days trading at or above 0.012 is that enough to confirm a bottom.....i dont know but it would surely look like where not going to 0.005 as fast as everyone thought. the trading yesterday was interesting. that was no end of the day paint or early morning buying.the best kind of green days is the one we saw yesterday. flow updates should come within the next 2 days or early next week.... if they don't we can assume something bad has happened again.... and xzx the most it was in the summer was 5.4 million. as i recall we traded between a 1.5 million and 3 million market cap most of the time still alot higher than where we are now
if 0.012 holds until friday that is a really good sign. it will all depend on the final flow rates if we can get any number above 20 we are at .015 easily. if we get above 30 BOPD we are above 0.025 easily. and 40+ we might gap up to 4 cents in one day. but below 20 the PPS might not move or worse keep going down again....also anyone know how many shares are actually at the ask it only shows 10k shares but its got to be more
when we get final flow rates here is my opinion on my feeling to the number. BOPD= less than 15= bad news,15-20 disappointing,20-25 expected,25-30 better than expected,30-35good news,35-40 great news 40+ as pumpers like to call it to Da moon
i think they won that award in 2012 lets not hope they are defending champs lol. updated flow rates will come this week or early next week.
i dont know if others noticed this but WGAS just updated their website on the strategy page. least thats some promising developments. i dont know when this exactly occurred but it was not like this 1 month ago
yea i never liked Volk either.
hey wildcat driller what is your opinion on WGAS i know you follow alot of small oil companies it would be interesting to see your take on the company because you worked in that field
the current market cap is 800k because we have 72 million O/S shares but i agree why it is not 1.5 million is beyond crazy...... also more conflict in Africa over oil http://www.breitbart.com/system/wire/CNG---8e4b33461c346831a4ab2186de380c8c---931
what is the true O/S count on this stock right now?
to see 0.006 you would need at least a 180 million O/S increase of 100 million shares in 4 days i think that is impossible
if the delays where their fault i would agree with you but the they where NOT and IF everything went as planned dilution would not be as near as bad as it is now. its Exxon for not inspecting the pipeline before the well went online and its the dumb ass barge captian for crashing it
WGAS is so compelling because it is a reporting penny stock,does not have pump prs, and has tangible assets and now has progreesed to finally having revenues...... on the other hand they have had major dilution this past year like most penny stocks too. but almost all penny stocks that dilute dont have the upside potential like WGAS. Delays killed this stock the dilution probably would have been cut in half if we where fully online in early November . and the stock price would be around at least 4 cents right now. besides manipulation the fear of bankruptcy might be the only other reason for the 800k market cap. but imo a bigger red flag for bankruptcy would be a pump job of like 3 PRs to prop up the price 4 times what it is now then a huge sell off would follow. The wording of the Next PR is the clue to find out where we are headed
wow this stock has been fiercely debated. we will find out next week who is right if this dips below 1 penny bears are right if we get updates and breaks out bulls are right the end only time will tell. people got to admit though that for a penny stock their is actually good arguments on both sides. it really all depends what mason actions are from here on out.
you have vaild points but are you taking into the account that when we where trading at 0.005 we had above 250 million O/S. now we have around 75 million O/S now i know this might increase to 100 million O/S but you really think it will increase to 250 O/S next week.? when you say it will hit .005 u say we will trade below 500k market cap that does not make sense.
anyone have any idea why we where trading at a market cap between 1.5 and 3 million before reverse split and now we are consistently trading below a 900k market cap on a daily basis?
we all got Manti Te'o
i would have to disagree with your buy theory. if its is at the bid below previous price what good does that do xzx? the price will always go down. now on the the record volume today this is even realy bad news meaning bankruptcy loomming or really good news meaning debt holders wanted their last piece of the pie and we will get really good news last week. at this point no one knows
well everyone waiting to get in i would recommend getting in right now market cap at 900k at 0.0125 to go below 1 penny we would need 100 million more O/S shares at this point. we are greatly undervalued and imo updates on mustang will come sometime next week and maybe other developments too
i was in same boat you where in i originally had 7k$ invested in at 7.5 cents.i just added 15k$ at 1.45 cents waited a long time to average down. revenues from mustang and the 250k$ from the 2nd spudding of a well at the mustang field should slow down dilution down by 50-75% imo.......we might hit 1.25 cents today but next week i think/hoping we take off with some much needed updates
heres something i found with regards to WGAS and Surety Financial http://investing.businessweek.com/research/stocks/people/person.asp?personId=30348942&ticker=WGAS&previousCapId=10741257&previousTitle=WORTHINGTON%20ENER
ok if that is the case than worst case would be 2,000$ and best case probably 4,500$ with nat gas per day
initial estimates for the well were 160 BOPD - 260 BOPD not including nat gas. then it was revised to 200-400 BOPD the first flow rates with 6/64th CHOKE was 155 BOPD. we had a 10.35% but i think we sold our 2% overide interest and now own 8.35%. so worst case scenario imo is 1,500$ a day best case is 4,000$ a day at current oil price of 95$
not gonna lie it was me who picked up 1.1 million shares the past 2 days @0.0145. i waited 6 months to average down and i finally did. i think news will come next week on flow rates on mustang and with oil still going up almost 95$ now. i thought the PPS could hit 0.0125 xzx but i did not want to risk not getting my cheapies like everyone else has in here. you where right btw with shares going into long hands which is me.... but if this goes up to 4-5 cents i am defiantly taking some profits i learned a valuable lesson last time by not taking them but who could of predicted the R/S announcement and A/S increase which did not happen. this is at exactly a 1 million $ market cap . we have 9 million in assets and 3 million in debt plus now we have revenues. 1 million seems way to low should be at least a 4 million market cap
i was talking to a Broker in Scottrade in person yesterday. who has experience in investing in OIL companies. He said a key factor was that the company you invest in has no greater than a 20% differential between the working interest and the net revenue interest. and we have a 70% working interest in vm-179 with a 51% net revenue interest. and a 100% working interest in Dbar and a 80-85% net revenue interest. this gave me more confidence in WGAS.......btw that does scare me a little with IR top240 that sounds like a pump job 3-6$ per share really??????
i dont think we have to wait because in the december 4th pr it said Worthington recorded first Oil and Gas sales. if we got money back then why not now?
yea people that say this is going to sub penny do not understand the math we need at least 150 million O/S to go sub penny. i have changed my opinion on vm-179 i think we should sell it (IF WE CAN) for 6 million in cash pay off remaining debt leaves 3 million left over to fund south texas/ DBAR asset plus we are generating revenue from mustang. this would be a better structure imo
i might disagree with that if we had no debt i would agree on around 10 million market cap. depending on the debt we have remaining i would say anywhere between 3 and 6 million market cap. but certainly not and the current Market cap around 1 million flat
so going from 10 cents to 1.5 cents is not a dip?
and when that happened we had 270 million O/S so thats a 5.4 million market cap. my funds should clear today i hope this does not go above 2 cents today everyone other long got their cheapies i want mine too lol. still think we wont get updated flow rates until next week. and krissy to see 0.005 we need at least 200 million O/S . as Long as the IR did nto lie to us the mustang Revenues will prevent that from happening. it took 2 months to convert 32 million shares you really think we are converting 140 million shares in the next 15 days?
can you post an L2 please greatly appreciate it
if it goes into sub penny today thats means we have less than 700k market cap i cant see that happening i think it will bottom this week between .01-.0125 with some more dilution really hope i can get funds cleared in time to buy this week
another aspect to consider is that the market cap always traded between 1.5 and 3 million before the reverse split now we are trading at 900k market cap. we have the same assets and we now are getting revenues and we have more debt paid off so why the drop in market cap?
why do you think the O/S count is going that high? they already paid off 400 million shares worth of debt and what are you talking about 50% its more like around 20% on capital gains tax
also the share price did get up to 2 cents with the O/s at 270 million earlier in august
i agree with this people don't realize that the O/S would probably have to increase to ast least 150 million until we see sub penny again. im going all in next week found a way to free up 15,000$ hoping to get it under 1.5 cents i do think next week we will still be around 1.3 cents with some more dilution but the week after we will get the updated flow rates with NO choke. and with nat gas including should be at least 25-35 BOPD hoping 40. thats around 2,800$ a day. we converted 32 million shares in 2 months so thats 500k shares a day. that money should be enough to hold off future conversions.
for some reason i really think next week will be horrible for share price. we will be around 0.01-0.0125. but i might go all in and buy 25k$ worth if i can free it up in time