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A friend asked me to look into Frontier. Info on them is a little sketcy. However, I did some checking on their consultant, Ben Anderson. I got some good feed back on him. For now, I'll just be watching, until they relase more news.
When considering a Penny O&G stock there are a few things to always keep in mind about the kind of operation they are touting. Practically all fall in two types of plays. One is drilling wells, the other is producing from existing wells, or both.
The properties Pennies are touting are almost always deeply into the depletion curve. At least one but often many experienced operators have given up on them and moved on. That's why they are even available to the Pennies.
It's not that money can't be made off very marginal O&G fields. But for them to be economically produced costs must be kept as low as possible. Successful operators of marginal fields almost always are local people that have experienced, loyal crews. Often family members. They also usually have equipment that has long since been paid for. They know the local service companies and can rely on them to meet schedules. And the service companies know the local operators' history of paying their bills. Some little new company with its' office hundreds of miles away, goes to the back of the line. It's the nature of the beast.
Many Penny scams have no real intention of ever generating substantial revenue from the production of O&G. They are in the business of selling shares. Lots of shares. However those that do intend to turn a profit from O&G operations face an uphill battle. Few of them even pretend to plan on setting up production operations of their own. They must contract with a local operator to perform the never ending work associated with production. These services don't come cheap!
Here's one of the biggest reasons to be wary of a Penny promoting an O&G play.. It takes dozens of years for a field to be more or less played out. The folks that are working the area have usually been doing it for generations. They know why a lease has become available. It's often because it's no longer economically productive. The ones that are still viable are usually bought by a local operator.
they must constantly be on the look out for new properties to replace their uneconomical ones. They know the ones to simply stay away from. Often these are the ones Pennies buy some interest in. Not to produce, but to pump up interest in.
IMO, this is the case with NXPN's Adams Ranch action. True. There were a couple of dozen new gas wells drilled in the last 3 years by the other Pennies that were promoting it. But remember gas was selling in the $12 / thousand cu.ft. then. Today it's closer to $4.00.
print, I've never seen such a concerted pump as NXPN has experienced the past few days. There have been 8 or 10 posters cycle through pumping the last two meanigless PRs. I've chaecked the posting history of most of them and pumping PRs is their MO..
It's either a boiler roonm at work or a bunch of pumpers that are networking.
Chillr, what's all this buying you're talking about? Today someone plunked down $15.00 to buy 51000 shares. On a day when 10 million shares trade, $3000 changed hands.
I don't know if Clayton is selling shares or not. It could be people selling to buy a couple of cases of Bud Light in case Obama passes by. It could be people like you, who seem to have a remote hope that this POS will ever turn around.
Man! Here's a statement from the latest Adams Ranch PR that should really start hearts pounding with excitement.
"the parties have postponed the acquisition and instead have entered into the option purchase agreement which management believes COULD result in the Company's acquisition of the wells and other assets, within 90 days, at terms more favorable to the Company."
They are pushing the acquisition of Adams Ranch out even farther. At least 7 other penny stocks have pumped and finally dumped this lack luster gas field.
I chuckle every time I read about what the charts say about Nortex. You can all do your own charts. They will show a rise just before news is released to masses with a sharp drop after the pump has worked for the pumpers.
I hope that those of you with real money in Norex have spotted the P&D that's going on here. In the past 3 days eight posters have come on that are either making their first pumping Norex posts or ones that cycle through to pump in conjunction with every new PR.
Do you ever wonder about certain posters who report "rumors" of new PRs? Look at their posting history on other boards. Frequent "rumors" reported. Be wary of any penny stock that has so many "rumors" reported. It's a frequent sign of P&Ds being set up.
One of these guys has a template he uses for his Norex pumps. He just inserts new, lower, numbers, without ever mentioning that yet another of his "support" levels has busted.
keep him on your "radar" and watch out.
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From yesterday: "As I have been saying all week, This is a stock that should be kept on radar and it has been very tradable. It has gained over 100% since I first mentioned it.
NXPN had yet another great day today, the third in a row.
Trading opened at .05 and went on to a high of day of .072.
Low today was .05 and the stock closed at .069 with a gain of another 40%.
Volume today was just over 10 million, about 6 times the daily average.
RSI is turned up at 46 and the macd is also in a northern direction. The next resistance I see is .09 with support at .063. ---- In My Opinion, I believe there is more to come on this stock"
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From July 9: It is time get NXPN back on radar. Trading today had a low of day at .08 and high of .0988 with a close of .092 gaining 8.24% from the previous session. Volume is still on the low side trading 533,510 shares.
Support is at .08, and res. at .10 and .13. RSI has turned up and is at about the 38 line.
There was also a press release after the bell today and I am looking for that to bring more attention and volume into the stock tomorrow."
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From 06/01: NXPN-Northern Explorations Ltd.
NXPN had a great trading day today closing at .33 up just shy of 27% on over 4.7 million shares traded.
The charts are showing resistance at .34 but not much beyond that. Support is .295 on intraday charts and .275, .26,and .25 on daily’s. RSI has crossed the 50 line and is headed for the 70 power zone.
Zeng.pk "better" than Grifco? Is this some kind of cruel joke??? LOL
gr8r, that's my memory as well. I also seen to remember that Dial was encouraging it. He used the "foil the shorters" line.
I didn't short mine becasue I wanted to be able to sell at a moments notice. I've heard that some who held certs didn't get the CTBG distribution. I think there is a chance that Dial knew there was a chance certs wouldn't get the distribution. He knew he had printed too many shares of GFCI for the 1.89 ratio to work, so he wanted to lessen the number of shares that wold get the distribution. IMO.
Many posts have disappeared off RB. They used to be deleted regularly. I don't know of any that were re-writen. Do you have any examples? I repeat, It seems to me that it would not be easy to re-write a post. How is that done?
I never heard of a GOTC in Tomball. That doesn't mean there isn't aother company by the name of Global Oi Tools. There used to be a company named Grifco in Sugarland, TX. They were a trucking company.
Ben Gala and R.G Raymond are two different people. Ben Gala is a Libyan national with a heavy accent. R.G's parents are Libyans. I don't know whre he was born, but he was raised in the USA. He speeks English with a slight Texas acent.
If R.G. isn't a natural born American, he may be able to lay his hands on one of those nifty State of Hawaii birht certificates.
"Would it surprise you if there was no RG Raymond but there was one at the shareholder meeting? " SAY WHAT???????
Of course R.G. Raymond exists. However, his actual name is Ray Giani (sp). Did you think the Milton Berle impersonator doubled as R.G. ?
"well the odds might actually be pretty good if you deal with the issue personally.......
might be a lot of satisfaction obtained in this fashion"
Trinityz, I take it that you're suggesting individual investors, or even a group, should hire lawyers and go after Dial et-al? Can you'll imagine the number of billable hours a bunch of lawyer would pile up just trying to identify any remaining assets? Good Luck with that! Sounds like classic good money after bad to me.
I think there is little to no chance of us getting anything out of GFCI. I think that Dial and his fellow crooks have long since hidden the money from his scams.
However I do think we may get some of the $1.5 million that was siezed from GGI. I have no idea what kind of formula would be used for an equitible distribution. There's also the hope of getting something from the DTCC over the botched CTBG distribution.
I would NOT count on getting anything from a sale of the shell.
Dial definetly was in and out of Global's shop in late 2005 and early 2006. For a few months the reception area had Grifco posters on the walls. I don't know if Global ever got listed, but I doubt it. Rick-Rex, cyofish and printmail do a good job of keeping their cyber ears to the ground looking for news concerning Grifco and their associations. I think they would have picked it up if Global had gotten listed
ICN6000 knew a broker in PA. that put a lot of people into GFCI. That broker was in contact with some people in CA. that were feeding him info on GFCI. I'm pretty sure the CA guys were a part of the Grifco P&D.
I think the broker was being used by the P&D boys. He got a number of his personal friends in GFCI. He was with a brokerage firm whose New York office got in trouble with the SEC. He was in a Philly suburb office.
I don't remember seeing any RB posts that were re-written. That would be tough to do , as far as I know. During the GFCI heyday there were far more posters on RB than on iHub. They were coming and going all the time. I never noticed a pattern.
About the proxy to investigate nessage board posters. IMO, that was just a continuation of Dial'smoke screen to deflect attention from himself. He was always threatening to sue his own investors, blaming GFCI problems on shareholders, shorters and hostile buyout attempts. A while back I told about him saying that if GFCI shareholders didn't stop calling the Texas Railroad Comission that they would pull all his permits. BS!
The man is a disgusting liar. My unsolisitiecd advice to you is to stop trying to apply logic to anything about GFCI. They were all CROOKS! They lied and cheated. That's what that type of scum does.
"Can you believe that I could vote at the shareholder meeting without proxy numbers that were recognized by Transfer On Line?
Does that make any sense to you? How could Global be there and not have said they had been taken over by Lyamec? "
justerx, there's no real mystery to the questions you ask. Now, read this carefully. We are dealing with CROOKS. Don't try to apply logic to the action of CROOKS!
BBB only met with one Jim Dial.
justerx, ICN6000 is not affilited with a brokerage. He's a sales rep for an international manufacturing company.. I know him personally.
I've recently talked to 3 people that had meetings with Dial from mid 2005 through most of 2006. One saw him in early 2007. In every case it was the same Jim Dial. No report of Dial having red hair, as you once implied. Dial is a bloated,nearly bald crook..
Between May 29 & June 10 NXPN issued 7 PRs on the Ozona, TX gas play. A post was made on June 16 pointing out that the same property had been used in numerous penny stock scam P&D campaigns. NXPN has gone totally quiet on it since a little light was focused. Does anyone think this is a bit odd?
Not saying NXPN is a scam, but, IMO, they took a walk on the shady side by touting a prospect with the stench of the Ozona property.
If they do bring it to the fore again I suggest interested parties check on any future reports with the Texas Railroad Commission. My post #1019 tells how to do it. GLTY.
If Dial was behind the lawarenceolivier tribe then he must have hired them. If so for what? To furthr piss off his sh? I don't think that is very likely. LO spent over a year on CTGY and made over 400 posts. He was a pro.
I know one person that thought it might have been Leonard. Again, not likely. Why would he hire a pro. My guess is that LO insinuated himslef into the group with yet another screen name and got chatty with Leonoard, Jody or Lois. All three would talk on the phone
My previous post has a C&P error at beginning eom
Cd 98:
I know who you are. Seems you ran into one of my contacts. You live in St. Louis. You are a mid western boy. I was told that you are quite old and bitter. Your investment choices have lost you a lot of money. Bob even told me that you contacted him in the past and you were tuned down for a PPO. He described you as shifty and one not to be trusted. He also said you bought your PPO shares directly from the CYGX CFO. I knew you were low class scum pumping CYGX to get a profit on your PPO.
lawrenceolivier. Now there's an intriguing character. I have no doubt that he had some degree of inside information. Two relatively trivial things come to mind. I had heard about the topless bar a few weeks before he posted his info on the board. I got my tip from my cousin. He found out about it from on oil man in New Orleans. I never confirmed it, so I didn't post it. When LO made his post he provided the name of the place, The Flame.
Another time he mentioned something about the GFCI picnic. A picnic was never known publicly. I heard later that there was such an event planned, but it never came off.
LO also had a way of insinuating himself into groups of investors. He often spoke of personal things that were known to a limited number of people.
He obviously had an info source, yet would gratuitously post lies.
Before he began posting on RB GFCI he made hundreds of posts on the RB CYGX board. His MO there was virtually identical to his MO on GFCI. He even resorted to posting personal info on posters that were on his case. Following is an example.
"Cd 98:
I know who you are. Seems you ran into one of my contacts. You live in St. Louis. You are a mid western boy. I was told that you are quite old and bitter. Your investment choices have lost you a lot of money. Bob even told me that you contacted him in the past and you were tuned down for a PPO. He described you as shifty and one not to be trusted. He also said you bought your PPO shares directly from the CYGX CFO. I knew you were low class scum pumping CYGX to get a profit on your PPO".
LO, along with his alter egos, aolivewizard, royalcoinman and pinkylady was an obvious pro. It would be interesting to know who backed him.
BBB is doing OK. He and his wife had their 4 th chld in May. Like me, Dial seriously damaged him financially. BBB is still working for his long time employer.
I don't know if Dial was ever physically attacked by an investor. I do know that on one of his publicized trips to NY, an investor looked up the address of the company he was visiting. The man and two LARGE associates confronted Dial as he was entering the building. I heard it scared Dial badly. Maybe he soiled himself and walked away with a limp. I can only wish.
Dial may always walk with something of a limp. Not because of an injury but because his balls are so big.
Remfire, I think maramna may have been talking to "Mr" Dial. He once made a post in which he said Swinford had a huge grin on his face when "Mr" Dial had CTBG's re-built CNC machine returned to Spring. I don't know of anyone that would have described the scene that way other than Dial. In one of his filings Swinford sppke of the "damaged" CNC being returned from GFCI's shop in Lafayette. Marana also often mentioned "Mr" Dial's 5 year plan. Who but Dial would be telling anyone about a phony 5 year plan?
Marana changed his tone AFTER the CTBG / DTC disaster. AFTER we learned that Dial had at least 67 MM shares O/S . Not less than 40 MM. AFTER Dial stole the Crockett CO gas play from GFCI share holders. I've read a mumber of marana's posts on other boards. He doesn't sound like an idiot. However, IMO, it would have taken a blithering idiot to belive a word Dial said as late as August 2008. Oops! Maybe marana was talking to yes11NY.
PS. I do hope that marana doesn't have serious health problems.
Italked to Olive Oil a few times. As it happens we have similar problems with our vision and we talked about that as well as GFCI. Despite his odd ways on the board, he is a sincere guy. I haven't talked to him since he disappeared from the board. Maybe the Forces got him too.
remfire, I hope that ryanmarana is well. As I recall he once posted something about a serious respiratory problem.
He may not have been lying about his feelings on GFCI but he was shamelessly pumping it. Precious little gem and diamond in the rough. Come on!
Several things bothered me about him. For one, I think there is a good chance that MARANA and ryanbryan are the same poster. He occasionally signed a ryan post as MARANA and MARANA posts as ryan.
His tone changed so drastically from when he first started posting and when he started pumping. I think there is a chance he may have taken over his father's account. I came to think of them as MARANA Sr and MARANA Jr. In his early postings he talked about how badly his retirement plans had been hurt. As MARANA Jr. he attacked me as being an old duffer. He made several references to my age. Hardly what one would expect from a person who was worried about his retirement, a few months earlier.
A good example of how drastic his change was, consider what he was saying shortly after the shareholder's meeting and what he was saying after his pump started.
As MARANA Sr. he questioned Dial's mental stability. He said the Libyans were nasty and rude. He said he was confused by what was presented at the meeting. As MARANA Jr. He spoke glowingly of "Mr." Dial's 5 year plan. The Libyans were "very nice". To people that were complaining about the meeting, he asked if they were paying attention or were they in the wrong room?
I think that MARANA Jr. was born shortly after the CTBG / DTC fiasco. I think he decided to load up on cheap GFCI shares and then try a one man pump to push it up a little so he could sell into his own pump. He was bragging about buying several million shares and then saying things like "WOW!!. Did you see all the volume today. Looks like somebody knows something!!!!" How much more obvious could he have been?
When I saw what he was doing I hounded him mercilessly. Too many people have been hurt too badly to allow his kind of crap go unchallenged.
Disclosure. I was an early pumper of GFCI, well before it became totally obvious that it was a scam.
Oh no it didn't. eom
gregg, do you think the selling of leases would translate to share holder value. IMO, in today's climate, the only leases others might be interseted in would be te good ones.
There are many troubling things about ALRY, but the most troubling one is that ALRY couldn't document growing production when oil was well above $100 /bbl. Good luck to those still hanging on. Losing money is a bitch. I know all too well.
Didn't The Texas Monthly Article say something about an ongoing investigation against GFCI. I don't think the investigation that nailed GGI will end there. After all, without Dial illegally giving them shrares, there would not have been a case.
I too think there is little chance that any money will be found. IMO, it's long gone. About Dial still operating. Look at the example trinitz gave of the man that started a new pink while on parole. I do't think the company Dial recently registered in Nevada is publically traded.
It's one thing to sit in the bleachers, shouting "Sue the bastards!!" It's quite another to be down on the playing field shelling out cash. We're talking about suing a pink sheet scam. The SEC and FBI have trouble finding them guilty and collecting any money. Remember, charges were initially dropped against Lois and Nick for their games.
As the legal bills mount, the poor old share holder digs deeper and the scammers sell more stock to pay for their end. The poor old share holders lose from both ends.
Does anyone one know of a pink scam that has been sucessfully sued by their share holders? I don't.
Often what's not mentioned in a 10K can be as important as what is mentioned. In scanning through the document, I didn't see info on the Crockett County gas property. Since May 29 NXPN issued 7 PRs about it.
I realize this 10K is for the Q ending 3/31/2009, however they managed to get extensive information about the new BOD and COO in the 10K. The last Crockett Co PR was issued on June 10. The PRs for the BOD and COO came later.
No conclusion reached. Just an observation.
Corrction. Should have said "two zeros". eom
I don't think ALRY started out as a scam but, IMO, it has morphed into a de facto scam. I have no reason to think that Larry and the Boyz are not bust'n azz to keep the wells flowing. But he has done a miserable job of keeping his investors informed as to what has happend to their money. All they know for sure is that there are 3 zeros behind the decimal point.
Please don't say, as has been done before, that Larry is too busy to truthfull update SHs. And please don't say he's not required to do so. He has a moral obligation!
If he doesn't want to be accused of running a scam, he should stop acting lke one.
Someone beat the Forces to Jackson. He's being reduced to his basic elements and used to make LEGOS.. That way little boys can play with him.
Not my original joke.
"Are you guys lawyers? Attorneys? Judges?... "
None of the above. Just disgruntled investors (OK. Suckers).
I don't expect to get anything from GFCI. However the $1.5 mil siezed from GGI could be didistributed to GFCI shareholders. I've heard that these types of funds are not intended to be put in the Treasury, but returned to the wronged . I can't imagine what kind of formula would be used.
BTW. What happened to your old penpal ryanmarana. Has he cooled on "this little gem"?
On the subject of people faxing in proof of ownership of GFCI shares, and then disappearing from the Raging Bull Board, I'm going to run this theory up the flag pole and see if anyone salutes.
The disappeared ones from RB were abducted by Forces not necessarily of this world. They are being held until they sign affidavits stating they don't want their CTBG distribution shares.
I want to thank cyofish for beaming this next part of the theory with his "half way to China" comment. The 22 or so wells drilled on Adams Ranch were NEVER drilled. The permits and drilling activity were cover for the REAL activity. They have bored a 42" access shaft on Adams Ranch, into a huge limestone cavern.
The Disappeared Ones are being held down there. The Forces are very unhappy with John Jarvis, Dial and Lois for performing so poorly. They have forced Jarvis to open a topless bar for the entertainment of the Disappeared Ones.. Lois does topless dances and Dial is doing a Chippendales act. ( eat your heart out Chris Farley.)
The SEC and FBI will bust this operation. and;
* Free the Disappeared Ones.
* Find millions in cash from the scams and printing machines.
* Find a 5 year supply of Kools for Lois.
* Find Billy Mays. Reports of his death are a hoax. He was abducted and was to be forced to do IR for the next generation of scams. The Forces are not happy with Mike King either, but Alexander Haig has him in hiding.
* They will arrest some, but not all, of the Forces. They will all have red hair, perhaps over their entire bodies.
Now for the bad news. Obama will seize the cash and printing machines. He will use the machines to print a few trillion dollars worth of money. He will use the cash to fund a government health care plan for the UAW and Acorn.
Note: I have no plans to copy write this theory. Anyone can use it in a book and call it their own.
GLTA.
trade4, I have made an assumption that the leases GWGI & NXPN are touting is the Adams Ranch property which the previous 6 scammers were peddling. Neither have specifically said it was, but the similarities are clear.
* The portion of Adams Ranch that the scammers have worked was 9000 acres. NXPN says 9000 acres. GWGI, 12,900 in one PR and "nearly 10,000" in another.
* Adams Ranch in over the Canyon Sandstone and Wolfcamp formations. NXPN mentions the same formations. GWGI lists the Barnett Shale, even though the formation is a few hundred miles north of Crockett Co.
* Adams Ranch is 25 mi south of Ozona. NXPN agrees. GWGI say it is "adjacent to Ozona", though they show the recently drilled wells as the Adams #1 Feed.
* Both say wells have been tested in excess of 325,000 cu ft /day. The wells drilled by GFCI were TESTED in that range. Beware of a company that is selling the idea of 20 some producing wells but only talk about what they were tested at. Folks, once a well has been treated and tested, the flow is all down hill from there. IMO, a reputable company would be up front as to the current production of all the wells. As I recall most of the 20 or so wells in this play are producing in the 125,000 cu/ft range. Work out GWGI's cash flow with their 10% interest in that bonanza!
My unsolicited advise to anyone interested in either of these companies is to call them and ask the name of the lease, well ID for wells being drilled and are permitted, target depth of wells, and daily production of the wells they are claiming an interest in. Don't forget the Texas Railroad Commission. A terrific DD source.
One of the favorite dodges of O&G scams is to say " Sorry, we can't give out that information. We are trying to lease additional property and don't want to alert the competition."
BS!!! This field was discovered in 1958 and has been drilled to death. There is marginal gas in the wells, but IMO,to be profitable it would take a Mom & Pop operation with several sons kicking in cheap labor. Not a bunch of Pinkies and a "Swiss Energy Company" selling millions of shares.
Cyo, I agree that the IRS will almost surely have a shot at Dial. He and his cronies must have grossed $20 to $30 million from all the shares they sold in their GFCI related stocks. I do think that the SEC is after him. With them finding GGI guilty, Dial is just the next step on that ladder.
I followed print's lead and made a couple of posts on the NXPN I-Hub board. They are one of the new outfits that is pumping Crockett Co. While surfing them I found that another pink is working the same scam. They are Galloway Energy, GWGI. I also found that they are both claiming to have bought into the Crockett play from a Swiss company, Dominus Energy AG.
As I recall, Robinson Reed was backed by a Swiss company. I wonder if RR didn't get at least some of the rights to Adams Ranch and are now peddling them to other pink scams for PR rights.
Funny just how obvious some of these scams are. GWGI PRd that the Crockett Co play was targeting the Barnett Shale formation. Barnett has been a very hot gas play for a few years and a buzz word for scams to work off of. Trouble is the Barnett Shale is about 200 miles north of Crockett Co.
If you all recall, Dial "acquired" Adams Ranch from US Resource Holdings. A John Jarvis Claude Elderidge POS. While searching US Resources, I ran across US Energy INC. They have no conection to any of the Dial crap, but I read something interesting.
They PRd that they were near tthe 11,000' target depth on a well they were drilling with a company out of Houston. No mention of what county the well was in. Nor the State, the country, continent, hemisphere or planet! Looks like these scammers would show a little more respect by telling a plausable story.
My new handle. Too Late Smart
I don't follow Galloway but I do follow the pink sheet shell game the Crockett County Texas gas play they are now pumping has become. Northern Exp came to my attention and I ran across Galloway while reading up on them. I'll paste in a post I made on the I-Hub NXPN board.
But first, here's an little note about how O&G savvy Galloway is.
In one of their PRs they stated that the Crockett Co play was targeting the Barnett Shale formation. For the past 4 or so years the Barnett Shale has been a very hot gas play. It's also been the buzz word for many O&G scams. Here's the rub. The Barnett Shale formation runs from the Dallas/Ft. Worth area, westward toward Lubbock / Amarillo. Crockett Co is about 200 miles south of the formation. Check Wickapea. It lists the 17 Texas counties in which the Barett is found. Following is my Northern post.
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I'm posting here because Northern is now PRing the Ozona property they recently acqired. As I've said, I know little about Northern ,but I think it is important that their investors and potential investors know who Northern is dealing with.
Jim Dial, former CEO of Grifco International is the King of the Adams Ranch scam. He hurt me and many others. I'm dedicated to hounding him and anything he has an interest in.
The property they are PRing is almost surely the Adams Ranch property in Crockett Co. That property has benn through the hands of at least 6 stock scams in less then 3 years. Millions of shares of the 6 companies have been sold on the back of Adams Ranch. Wells have actually drilled and gas produced. Not a penny to retail shareholders.
The fortunate thing about dealing with oil & gas companies in Texas is that there is excellent DD available to anyone that can dial a phone.
I advise those interessted in Northern to do the following.
1. Call Northern and ask If the property is the Adams Ranch. Ask who they have contracted with to produce the wells. Grifco used Remuda Production. As far as I know, a reputible company. Ask for the well numbers they are producing, drilling and have permits for. With the well and permit numbers you can call the Railroad Comission of Texas and get factual information.
If Northern is following Dial's play book, they will dodge your questions or obfuscate. Dial did not want shareholders caling the RRC. He hated independent DD. He actually passed the word that the RRC was threatening to pull all of Grifco's permits if GFCI shareholders continued to "bother" them. A flat out lie.
2. Call the RRC. They are very courteous and will answer questions when given proper ID of wells and permits. That is part of their job and they do it cheerfully.
Crockett Co. is in District 7C - San Angelo, TX. 325-657-7450.
The District Manager is Don Horner. If he doesn't answer the phone, the person that does will direct you to the information you are wanting. They can tell you the date a well was spudded, when it was completed, when it was put into production and regular production information.
If Northern is on the up and up, they shouldn't hesitate to give you the info you are asking for. GLTY.
I'm posting here because Northern is now PRing the Ozona property they recently acqired. As I've said, I know little about Northern ,but I think it is important that their investors and potential investors know who Northern is dealing with.
Jim Dial, former CEO of Grifco International is the King of the Adams Ranch scam. He hurt me and many others. I'm dedicated to hounding him and anything he has an interest in.
The property they are PRing is almost surely the Adams Ranch property in Crockett Co. That property has benn through the hands of at least 6 stock scams in less then 3 years. Millions of shares of the 6 companies have been sold on the back of Adams Ranch. Wells have actually drilled and gas produced. Not a penny to retail shareholders.
The fortunate thing about dealing with oil & gas companies in Texas is that there is excellent DD available to anyone that can dial a phone.
I advise those interessted in Northern to do the following.
1. Call Northern and ask If the property is the Adams Ranch. Ask who they have contracted with to produce the wells. Grifco used Remuda Production. As far as I know, a reputible company. Ask for the well numbers they are producing, drilling and have permits for. With the well and permit numbers you can call the Railroad Comission of Texas and get factual information.
If Northern is following Dial's play book, they will dodge your questions or obfuscate. Dial did not want shareholders caling the RRC. He hated independent DD. He actually passed the word that the RRC was threatening to pull all of Grifco's permits if GFCI shareholders continued to "bother" them. A flat out lie.
2. Call the RRC. They are very courteous and will answer questions when given proper ID of wells and permits. That is part of their job and they do it cheerfully.
Crockett Co. is in District 7C - San Angelo, TX. 325-657-7450.
The District Manager is Don Horner. If he doesn't answer the phone, the person that does will direct you to the information you are wanting. They can tell you the date a well was spudded, when it was completed, when it was put into production and regular production information.
If Northern is on the up and up, they shouldn't hesitate to give you the info you are asking for. GLTY.
Pay attention to post #1001. I know little about Northern Exp, but I know a lot about the Ozona property they are pumping. It has been used as a pump and dump for a number of pink sheet scam artists since 2006. Jim Dial, John Jarvis, Claude Eldrige, and Jon Fullenkamp are some of the bad actors that have beaten the drum for it. They have sold hundreds of millions of shares as GFCI, UERI, FTXN, and VYEY before dumping it and passing it on to the next P&D.
Buying a tainted property doesn't necessarily make Northern a renegrade outfit, but absolutely minimal DD would have shown them the dismal track record of the property and its' former owners.
GLTA. You'll need it.
This could be the Adams Ranch showing up again. However,keep in mind that there has been a lot of gas production in Crockett County. "near Ozona" is a clue as is the size of the property, 9000 acres. If memory serve me that is ruoghly the size of Grifco /UERI / FTXN and a pastle of other pink scams, Adams Ranch play. There is a pretty good chance this is the next chapter of the Great Adams Ranch Scam. AKA The Scam That Wouldn't Die.