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with the 5 million alone PPS should be 0.016...with rig on the way and 895 insider shares locked up till mid 2008...buying at 0.0075 is a NO BRAINER. looking forward to the next press release
As of 3-19-07
Insider Shares:.............895M
Restricted Shares:........187M (legends recently removed and available for float)
Float:...........................142M (...and rising. Float max 329M)
Outstanding Shares:...1.538B*
*O/S has increased after the $5M funding. This increase was by 300M shares locked up for 5 years, until such loan is paid off.
NAEG Receives Delivery Date on Workover Rig and Finalizes Rework Schedule
PR Newswire - May 01, 2007 9:32 AM ET
Native American Energy Group, Inc. (the "Company," or "NAEG") (Pink Sheets: NVMG) will take delivery of the Wilson 35 Workover Rig during the 1st or 2nd week of June 2007 to commence workover operations on its portfolio of Williston Basin area oil & gas leases. NAEG has significantly increased its production capacity through the acquisition of this rig during this period of severe rig shortages. Management hopes that it can increase current production in its producing wells, initiate profitable production in several shut-in wells, and provide a significant increase in shareholder value.
Chief Executive Officer, Joseph D'Arrigo stated, "This represents a very significant advance for NAEG and its shareholders. The Wilson 35 workover rig is capable of reworking all of NAEG's wells. There should be a significant increase in production at our operations in Montana resulting from the utilization of the rig."
Native American Energy will begin the reworks as soon as the workover rig can be moved onto location. The schedule includes a return to the Cox 7-1 that was reactivated in August 2006. NAEG will then begin a workover program that includes the Sandvick, Wright, Berry 22-24, Berry No.2, Berry 42-24, Berry 13-24, and the Mason wells.
same here...but if this goes to 0.0045 I'm buying 2 mil
hello i do not post much but own hemi shares and feel the calling in the certs is a good idea. perhaps investors here can write lowan with their share total...and if there is serious interest, meaning a large # of share potentially transfered into certs, a specific date can be established when people wil call their brokers...trust is key but it could work. just an idea
good sign IMO...i meant chart primed for run like in mid to late march after bottoming...next PR cycle ready. times like now, down a bit and ready to bounce, are the safest and smartest times to buy IMO
chart primed for a bounce like in mid may
wonder where this will be trading July 1st...my guess is somewhere under .05 and over .02. the run is just first rig delivery and an additional PR away. GLTA
just looking over some of Lowman's notes...worth reading...makes one realize why he got in in the first place and just how much we have going for us here...check it out: let's close this day green it's not too late!
"Please read PRs in chronological order. Note the NAEG direction is toward assistance in developing the Indian Nation, of which there are 562 Native American Indian tribal lands within the U.S.
This includes housing, oil & gas exploration and recovery of O&G from reworked wells, hydro-electric, geothermal, wind and solar power.
For housing, the U.S Dept. of HUD released $600M in funds in Oct. 2006 for the development of immediately needed homes for Native Americans. NAEG has entered into a JV with Eurowest Panel Homes of Canada for the construction of affordable housing (see PR 10-10-06).
For O&G recovery, NAEG has acquired substantial lease holdings of highly productive oil fields in tribal lands(see PRs).
There are approx. 40 Native American tribal lands that have O&G reserves. Many tribal lands (reservations) have millions of acres within them. Approx. 20% of all U.S. O&G reserves are under Native American tribal lands.
To date, NAEG has announced 2 wells re-worked and brought back online, which provide sufficient income to continue operations in a debt free, cashflow positive manner. NAEG's leases have many shut-in wells with extremely attractive histories, as past PRs make note of.
NAEG is currently still in acquisition stage of additional leases, and I am told this phase should be complete in March. It is for this reason I am told, that they have not begun to announce production numbers, so as to minimize acquisition/lease costs in surrounding areas. NAEG has 2 rigs scheduled for delivery Feb/Mar., which $5M funding will help to finance.
a green close today and a substantive PR tomorrow could singal a serious uptrend for the week..knowing how raj and joe have 'just started' their PR campaign, this seems like a very possible scenario...holding 2 mil for rig delivery, drilling, joint ventures, tv special...HUGE GAINS from here IMO..if i had more $$ I'd be buying asap
cow parade feels like it could become an explosive subsidiary...perhaps a household name like blue man group or cirque de solei....in this event, sky is the limit for comedia..life changing stock. hoping 4 the best
congrats on the cheap shares if you get em....i do feel it is important to close green today signaling the reversal has begun...a close at 0.0085-0.0095 will be good for the momentum
yes, there are many reasons, especially the corporate sponsors and distribution, why this could in fact be the penny play of the year...wish i was more heavily invested here...not trying to bash, but I would like to know why the 'cow parade' merchandise is worth $200 mil and not 100 or 300....where does this number come from? couldn't find any reference to it in past PRs...anyways, the day is jus getting started...lets hit pennies...GLTA
back to pennies EOD in my opinion...shares bought now will be looking goooood
next substantive pr we test 0.015..hopefully wednesday
makes me want to go all in or double up...that could be alittle krazy though..not ruling it out...
does anyone have any information or a sense of how nvmg's leases, in terms of number and potential reserves, compare to well renerwal's and hemi's??
better days to come...it traded in this level almost a month ago before moving above a penny, closing above a penny and testing 0.014. only a matter of time bofore this happens again...only question is will there be another sell off back to a penny area or will be take down .014? probably will depend on news...good thing we are expecting company updates on multiple fronts...
this company seems to have a lot on the horizon...the pps seems like steal at this level..just wondering though, where does the 200 million valuation for the cow parade merchandise come from? seems tremendous, hoping to see over a penny this week. glta
nice, mine is 0.008. need a few more before end of week
hey, new to this stock...what's the deal with the split? has it already happened?? just wondering where people see this stock going...in for now and considering loading up..hoping someone can break some things down...GLTA
come on let's establish a base around 0.008-0.0085 and hold it....if anyone's been thinking about getting in or upping their shares this is the time IMHO....updates about joint ventures, plantinum TV special, 'no trive left behing' and more leases to come soon....rig delivery in aboot a month...PR campaign is just beginning....tomorrow the funds will clear.....
these prices won't last...accumulation mode before we resume trading above a penny...nom worries over here...long and strong
the PPS will not dip much more than this....if anyone hasn't read that 4 page letter that keith wrote to Lowman months back, I would suggest reading it...provides a great sense of the main man behing the Hemi operation, and also discusses the strong insider position...Keith doesn't take much of a salary but he does own stock...same goes for the workers...everyone (management, workers, shareholders) needs this PPS in the dollars, and believe me, it wll get there...just have some patience and don't sweat the dips...
30 CENTS IS A STEAL!!! IF YOU'RE NOT BUYING NOW THERE BETTER BE A GOOD REASON!!! LOL...GLTA
hello all...just reviewing information on the board in prepatation for next week...the story is unfolding and the company info is very impressive considering the current PPS....I encourage everyone to hold on tightly to shares purchased at this level....the key to making big money in the pinks is getting in before the masses...before the joint ventures are announced and before the rigs have arrived and before the company is making seriious profits...GLTA next week...I have a feeling it's going to be a good one for a few of these o + g stocks...nvmg closes out the week at 0.011-0.012 JMHO...slow and steady...goodnight
08-22-05 U.S. Department of Interior and Bureau of Indian Affairs Approve Nationwide Oil & Gas Bond
http://www.nativeamericanenergy.com/pressreleases/nationwidebond.pdf
12-19-05 CEO/CFO Interviews Founders of Native American Energy, Executives Discuss Plan to Capitalize on Portfolio of Wells
http://www.nativeamericanenergy.com/pressreleases/ceocfointerview.pdf
01-17-06 NAEG to Meet With Governor Brian Schweitzer and Montana State Tribal Committee
http://www.nativeamericanenergy.com/pressreleases/montanagovernor.pdf
01-30-06 CBS News Covers NAEG Meeting With Montana State Tribal Affairs Committee
http://www.nativeamericanenergy.com/pressreleases/cbsnews.pdf
02-13-06 NAEG Interviewed on WallSt.net
http://www.wallst.net (search NVMG)
04-10-06 WSJ Article Reveals Montana's Surprising Oil Boom: NAEG Properties Positioned On Prolific Formation
http://www.nativeamericanenergy.com/pressreleases/wsjarticle.pdf
08-22-06 NAEG Announces Successful Enhancement and Completion of First 2 Oil Wells
http://www.nativeamericanenergy.com/pressreleases/successfulcompletions.pdf
09-12-06 NAEG Announces 20 for 1 Forward Stock Split; Split Will Increase Market Liquidity and Shareholder Value
http://www.nativeamericanenergy.com/pressreleases/forwardsplit.pdf
09-19-06 NAEG Acquires Historic Shell Oil ``Discovery' Well
http://www.nativeamericanenergy.com/pressreleases/shellwellacquisition.pdf
09-20-06 Wolf Pt Linked to Canadian Oil-Sands: Montana's Governor Proposes Oil Refinery in Heart of NAEG Operations
http://www.nativeamericanenergy.com/pressreleases/montanarefineries.pdf
09-27-06 NAFTA 'Super- Highway'Catalyst to NAEG Growth - Company Receives Proposal to Manage New Oil Refinery
http://www.nativeamericanenergy.com/pressreleases/naftasuperhighway.pdf
10-03-06 NAEG Announces Oil Sale and Purchase Agreement with Shell
http://www.nativeamericanenergy.com/pressreleases/shellpurchaseagreement.pdf
10-04-06 NAEG Acquires Bier Oil Lease; Clarifies Share Structure
http://www.nativeamericanenergy.com/pressreleases/bierwell.pdf
10-06-06 NAEG Announces Insider Share Lockup
http://www.nativeamericanenergy.com/pressreleases/insidersharelockup.pdf
10-10-06 NAEG Granted License to Build Affordable, Safe, Energy-Efficient Homes on All Federally Recognized U.S. Indian Reservations
http://www.nativeamericanenergy.com/pressreleases/eurowestpanel.pdf
10-12-06 NAEG Acquires Mason Oil Lease in Former Exxon Field: Core Sample Reveals Bakken Section
http://www.nativeamericanenergy.com/pressreleases/masonwell.pdf
10-17-06 NAEG: Federal Government Releases Hundreds of Millions in Block Grants For Tribal Housing
http://www.nativeamericanenergy.com/pressreleases/unblockedfunds.pdf
11-01-06 NAEG Receives Invitation From Chinese Rig Manufacturer
http://www.nativeamericanenergy.com/pressreleases/gtschinainvitation.pdf
12-14-06 NAEG Announces Memorandum of Understanding for $5 Million Funding
http://www.nativeamericanenergy.com/pressreleases/5millionagreement.pdf
01-08-07 NAEG Receives Invitation From Oglala Lakota Nation
http://biz.yahoo.com/bw/070108/20070108005798.html?.v=1
01-31-07 NAEG Acquires Additional Oil & Gas Leases in Montana
http://biz.yahoo.com/bw/070131/20070131005435.html?.v=1
03/07/07 NAEG Receives Funding and Acquires 1st Oil Rig
http://biz.yahoo.com/bw/070307/20070307005326.html?.v=1
03/19/07 NAEG: CEO Update to Shareholders
http://biz.yahoo.com/bw/070319/20070319005543.html?.v=1
huge week ahead...pr tomorrow and we test recent high of 0.016...happy i got in just below a penny, might have to buy more in the AM...these bargain prices will only last for so long...GLTA next week
no surprises...bashing always means the same thing....someone missed a chance to get cheap shares and needs the PPS down a bit to get more shares for his buck...I don't really think it's that bad because it's obvious.
in fact, one can take advantage of the bashers by buying cheap shares along with the bashers if the PPS dips.
does anyone have a guess as to how many shares in the float?
Im happy with my 1.1 mil but can see myself regretting not having bought more when the stock inevitably starts really moving....decisions decisions
GLTA
good to see you took advantage of the bargain prices...
in fact, bargains all around on some of the big o + g plays....
nvmg at 0.0085
hmgp at 0.30
wrnw at 0.01
my gut tells me that all 3 will have a solid week...congrats to all investors who see such prices as opportunities and have acted accordingly...
NVMG's leases alone justify calling the stock a STRONG BUY at this point IMHO...I look forward to updates over the course of the next few weeks as the company continues to execute on the business plan..JVs just around the corner....GLTA
I ENCOURAGE ANYONE DOUBTING THEIR INVESTMENT HERE TO CONSIDER THE INSIDER SHARE LOCKUP.
I FOR ONE WILL NOT TOUCH A PINKY UNLESS THE INSIDERS HOLD A SUBSTANTIAL NUMBER OF SHARES (LIKE THEY DO HERE), THUS STANDING TO LOSE A LOT OR GAIN A LOT BY THE MOVEMENT OF THE PPS.
THE PPS HAS REMAINED STABLE FOR MONTHS NOW AROUND THIS LEVEL...IMHO THAT IS A VERY GOOD SIGN. WE HAVE ESTABLISHED A BASE HERE AND SLOWLY, OVER THE NEXT FEW MONTHS, NVMG WILL SEE HIGHER HIGHS AND HIGHER LOWS.
REMEMBER.....NUMEROUS COMPANIES HAVE ALREADY APROACHED NVMG ABOUT JOINT VENTURES ON INDIAN LANDS (WITH PROVEN RESERVES).
THERE IS WAY TOO MUCH POTENTIAL HERE TO NOT BE A SHAREHOLDER. THOUGH I ALSO AM HEAVILY INVESTED IN WELL RENEWAL AND HEMI, I STRONGLY BELIEVE THAT OF THE 3, NVMG WILL BE THE SURPRISE HOME RUN 6 MONTHS FROM NOW. JMHO....MY DEUCE MIL WILL BE LOOKING GOOOOOD WHEN THE OIL STARTS FLOWING.....THESE ARE MY HONEST OPINIONS...GLTA
I agee completely...friday's bagain prices were a gift and I congratulate all those who pulled the trigger and bough more at such reasonable prices...I wish I had done the same but didn't have funds available...
it's safe to say that any shares bought on friday will be worth more in the following weeks, and will be worth A LOT more later down the road.
I think that we are all invested here because we are excited about a) the leases that NVMG has been acquring, esecially in the bakken formation, b) their good standing with tribes who reside on lands containing energy resource$$$$$, and c) the fact that the demand for oil continues to outweigh the supply..American O + G is the place 2 be....
NVMG AT 0.0085 IS A GREAT DEAL...JMHO...
THIS IS THE TIME TO BUY. THESE PRICES WON'T LAST. I WISH I HADN'T BOUGHT MORE WEDNESDAY SO I COULD BUY NOW. SMART MONEY BUYS NOW BEFORE THE IMMINENT RUN MID MAY. I KNOW THAT NVMG MAY SEEM FOCUSED ON TOO MUCH AT ONCE, BUT THE LEASES AND RESERVES ARE PROVEN!!!!!!! AND IN THIS INDUSTRY THAT IS WHAT MATTERS MOST.....IMHO PLUS CONSIDER THE INSIDER SHARE LOCKUP.....
GET IN NOW OR 4EVER BE SORRY...JMHO
HELLO PEOPLES,
I am new to Ihub and own 2 mil here, looking forwad to the next few months for a few of these microcap oil stocks. this one goes back up tomorrow. it's time to take advantage of the dip...great buying opportunity for someone who has been following the stock and has been considering buying a core long position but hasn't pulled the trigger yet....IMHO
LOTS OF GOOD DD ON THIS BOARD...IT'S ALWAYS GOOD TO REREAD SOME PRS AND THINK ABOUT THE BIGGER PICTURE. LOOKING FORWARD TO GREAT PRS IN JULY AND AUGUST...
hello all, new to ihub but have been following the board as of late...and feeling VERY good about my money in WRNW.....THESE PRICES WILL NOT LAST.
THEY OWN THEIR OWN RIGS
SOLID LEASES
REPUTABLE CEO WITH LEGAL EXPERIENCE, SPECIALIZING IN M + A
2 DEALS ON WAY SHORT TERM...CLEARLY MORE 2 COME
MARKET CAP IS LAUGHABLY LOW..SOON IT WLL JUST BE LOW
OIL AND GAS = SAFEST SECTOR 4 MICROCAP INVESTING
.01-.02 AREA IS EXCELLENT BUY IN PRICE....IT IS TIME TO BUY NOW...
thanyou to many on this board. i appreciate the DD and chart commentary u guys post. i wish i had more funds available. next week people will look back on friday and wish they had upped their positions