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middle east countries are also cutting back on oil production Iraq said by 30% and i saw on cnbc ticker saudi Arabia is cutting production too http://www.bloomberg.com/news/2013-01-11/oil-rises-a-second-day-on-saudi-production-cut-economic-outlook.html
is this the actual Pipeline? http://vungtauoil.com/worthington-energy-resumes-oil-and-gas-flow-from-i-1-well/
a game where most longs have lost 50- 75% of their original investment is not a game i like to play. i rather play online poker oh wait cant do that either. oh well this is my last message of the day cause ihub limits me to 3 GO WGAS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
wait john i do not understand you where so bullish last week now you sound like you have given up all hope?
i was a little bit optimistic again until yesterday like really how can you not be pissed at the share price. someone buys 22k worth of shares and the price is still down 18% after news of pipeline being fixed and with oil prices now at 94$. that 22k buy did absolutely nothing it seems like there is so much toxic financing at this point not even a 100,000$ amount bid would not even move this share price. all bids just get eaten alive.
i wonder whats going on with the monticeto legal case? anyone have any insight on this. maybe thats why Tony is so quiet
I would say if we could get anything above 7.5 million in cash for the vm-179 asset i would take it eliminating all debt and stopping all dilution right now is more important. and taking small steps with smaller assets seems the right way to go
im not smart but i think the best option for WGAS is if we can sell the VM-179 for alot of cash. that would clear the remaining debt and we could use that to fund the rework of south texas and Dbar. i think Vm-179 is to big of a project for us now. i would not mind having around 250-500BOPD at 93$ with no debt. all Mason needs to do is get the EPS to 2 cents and we are trading at 30 cents lol
We need guidance on the other assets ASAP even if it is bad guidance
i have a sinking feeling now this will never get back up to a dime ever again. we should be around 4 cents right now at least. to much toxic shares and to much flippers control this stock right now.
original estimates for this well was 160-260BOPD then it was revised to 200-400 BOPD. not including Nat Gas. then we got estimate of 155 BOPD with 6/64th choke. im hoping we are around the 300 BOPD mark when it is at full flow and no choke. it would be real nice if we could get 30 BOPD at 95$
you have reiterated that we will get financing time and time again. what is a rough date when that will happen next week? next month? 3 months? 6 months? next year 2 years? 5 years? and at what date will you give up on financing news because you have been saying we will get it since the summer and yes i know of the statement in the 10Q
i at least thought we finish green today or flat damn this is depressing.
i know the resuming of the well is great news and that oil is at 93 is even better but the price is still 0.025 2-4 times below almost all our averages right now. i actually think we profit more from the well being off line in the long run because oil shot up from 85to 93 while it was offline. now we getting 93$ per BOPD instead of 85
i just want to point out this stock was in a trading range of 5 to 13 cents "adjust for split" cents in the summer. so it would not surprise me if we get to 6 cents without any news
ok i agree with that i thought you where stating that the updates where not legit.
he did not pump the stock with those updates they where legit updates if you read them and he even provided pictures for more evidence of what was happening. they where detailed and he gave actual numbers.
this is honestly the first sign of a legit true reversal indicator since like ever. hope that bid is not a mistake that is biggest bid support ever on this stock. i never saw 8 million pre split
how do you know xzx they update the O/S that fast? i thought they only update the O/S after the day is over. looks like massive conversions today over 1 million shares traded already on no news,.
te thing is i dont understand the O/S was 70 million back in February and the share price was around 4 cents and mustang was not completed yet so why are we 3 times lower than in February?
you know i would not be surprised anymore i give up defending this its useless you win crhis12
your right oil is at 93.50 now and we cant even hold 2 cents really is pathetic at this point. like maybe mason is profiting from holding the price down i mean he did announce the worst news after the best day the company had all of last year
actually i never thought of it this way but maybe the pipe being broke is a good thing if we did not lose any physical oil from it. because oil went up 5-7$ since the announcement of the pipe being broken that means more revenues for us right?
cause it payed off for no one in 2012 lol
they should be unless their is a major oil spill that exxon is trying to cover up and that would be a loss of revenues. yea Exxon should definitely pay us some compensation for. we all know they have the money. 90$ for at least 16 BOPD probably for 27 days now thats at least 39,000$ dollars. and that number is the minimum. because that 16 Bopd would be the estimate at the 6/64 choke flow. that number does not include nat gas sales either.
ughhh this is a worse than expected gain fffffin delays. i hate that they used the word NEAR. because what is the definition of near
which one?
i know i know but thats is alot of Ifs.
most longs did not invest at the peak though. if you invested at peak you are around 12-18 cents. most of us have average between 6-8 cents. at this price we have to have a 4 bagger. i hope i t comes on concrete news and not pump and dump news. it did go from .036 to 15 earlier in june but thats when it was way under the radar. i can see it getting back to 6 cents but anything higher will take more good news that does not inlcude mustang. i would of average down but i just dont have the extra cash right now
ever since august this company has been all about DELAYS
i would say now till early may
the thing is you cant develop vm-179 once hurricane season is under way it is to risky
well its simple math O/S was 32 million now it is 55 million 23 divided by 32 is .72 which is 72% subtract the 32 from 55 to get 23
i know right lol it really does get frustrating and annoying seeing the same thing. i really thought we would have guidance in december i was completely wrong worst month we had all year
first off i want to say im sorry to all the longs here that i did not go to the shareholder meeting. i lived in jersey and only 1 hour away from meeting in new york and i could of found the time to go. i could of probably got alot of questions answered. also we need 3 str8 days of green to indicate a turnaround in the chart not one random day. and WTI is way outperforming the market this past week. to bad our government cant make a deal on the fiscal cliff it might shoot WTI to 95. And it seems like WGAs is cyrsed by delays. in ay the barge was a 2-3 week delay. the we had a delay in september. then we wehre supposed to have full production at end of october and early noveember. then the first day of full production we get this pipe leak and now that has been delayed and extra 2 weeks for repair.it was supposed to be repaired 2 weeks ago. Tony has delivered but not in a timely manner at all since august i kn ow this is not his fault but it is extremely frustrating. TIME IS MONEY.
if it breaks 4 cents then u can say charts reversed it is way to early to tell that right now
i have not logged into scottrade in over 2 months because it would make me sick to look at my account balance.
how does this have anything to do with stock? ok i understand that the stocks usually go down after reverse splits but not this much i mean O/S only increased by 70% and the stock has dropped alot more significantly then that we should be around 4 cents and a broken pipeline right now with no news not 1.8 cents. and probably around 7-9 cents without a broken pipeline and current O/S. the stocks dont lose 6 times their values after reverse splits maybe double but not 6 times
everyday you say we close green and everyday we dont maybe try saying we will close red.
im starting to think it would be better if we sold vm-179 if we ever settle with monticeto. the cash from that could pay off all debt plus fund Dbar and south texas. we would not get 1,000 Bopd but we could get 250-500 bopd with no debt to worry about. and Dbar and south texas are alot cheaper to rework.