i know they do not happen overnight but it was suppose to happen late october/ early november

this has been said since august and it has not happened yet it. exxon should pay us compensation lol

wow bad news out today from silvermere on mustang this is starting to really get frustrating. the pipeline will be shut off for another 2 weeks which means this project has been delayed for over 1 month now. i know its not our compaines fault but the share price is going to struggle for at least another 2 weeks now http://ih.advfn.com/p.php?pid=nmona&article=55298655

there has not been a blog update in almost 2 months on the website. anyone else a little concerned over that?

jeez this stock is volatile almost a 100% difference in between bid and ask lets hope someone "slaps the ask" it really does take mentally strong investors to hold this stock long through the trading swings

dilution and they where under bad management mason did not come in until April

xzx i agree with we should have around 1 million in revenues in 1 year from mustang give or take 200k. and I'm bullish on most of developments in WGAS. but how worried are you about dilution. i think i am much more worried than you.

this is true most longs that did do their DD did not expect much until December anyway. But if nothing happens this month people that are long imo will start to sell

today is Officially the last day of Hurricane season maybe we will Officially here news of developing VM-179

i rather see the price go up lol. but i do agree selling now is stupid because this is the bottom of the trading range the past 6 months

im starting to turn bear unless dilution stops current shareholder value will me wipe out.since they did not raise authorized shares does that mean that there are only 180 million authorized shares left since the O/S share count was 320 million before reverse split. so if they fully diluted those 180 million value of current shareholders are diminished by 5 times. idk the way this is trending now is starting to worry me and its been like this for over 6 months now. we will see soon if what will happen though for better or worse

well what else is he going to say. i do not believe in the company our hard work will not pay off. numbers would of been nice though.

i really hope the BOPD is above 200 for just WTI. at least it is finally running at FULL production.

actually you might be right on that but IMO that is unrealistic at this time

they sold 2% for 500k so we got 8.35%

yea people saying anything above 1$ this year is unrealistic. but i do believe we could easily be between 20-40 cents within 3-6 months if mason announces plans on developing vm-179. and financing.

i agree if nothing is done in month of December i will probably sell. to much risk of further dilution. but i am still optimistic.

i just want to point out if you look at the chart this stock has been a traders dream. if you bought on the low each time and sold on the high each time since june. you would get 100% return on your money 5 times

so true. WGAS has been in a trading range since july. mustang has been postive and dilution has been negative which= a flat chart.

mustang island project will be complete, hurricane season will be over. so its a perfect month to announce plans on the next project they should have nothing else to focus on

agreed I'm expecting this to all take place in december. if nothing happens next month though then i will turn skeptical

lmao no investment is a safe investment and all exploration are speculation plays at first.

i disagree . PRs will start to come in early december. probably not this week though. imo

my bad i meant to put IMO in front of that sentence.

. i bought my long position at 0.0085/.85 and i might have to sell now due to hurricane sandy for the extra funds that took out properties i rent to people. i don't want to because i still think this is a good position. As long as Oil stays above 85$ there is no reason WGAS should not develop Vm-179 because that was projected oil price when they made the deal. so anything higher is a bonus. also a blog post a while back Mason hinted at that he would not start any development on VM-179 until AFTER the hurricane season. so thats why their has been no PR on that. btw hurricane season ends Nov 31. The ONLY reason this stock is not taking off is fear of more dilution. also in the updated 10/Q if i read it right they loss less then previous stated before right? and what does 6/64 choke mean how many more BOPD if it was not on choke? if we are at 155 now or 15.5. ty for responses. really have been disconnected from the position since the october 28th just got power back yesterday

the Market cap is so low on WGAS it really is remarkable on 1.8 million with Mustang up and running now 2013 cash flow from that project ALONE will be higher than our current market cap. imo the market cap should at least be around 8 million with all our current assets.

this well is considered a stripper well for nat gas at only 250-350 mcf im trying to find out how much is that on the market what is the conversion? and also good knews bid/ask is above yesterdays closing price

you are right snake on the numbers we would get 10% of that but its going to be higher than 700k cause thats not including nat gas and this is only the intial start up who knows how high the production could go. you are probably looking at cash flow from this project around 2-3 million when all is said and done for 2013

sorry xzx it just WGAS has turned into a day trade stock its frustrating

i mean if it goes below 0.007 he uptrend pattern is gone mo matter how small the uptrend was

agreed we really cant see this go below 0.007

texas ummm yes he is right you are thinking about the oil well online that came at 10 the pre14a came out before the bell on friday

the bid and ask are both higher then previous close on scottrade right now

anything below a 8 million dollar market cap imo

lol i bought my long postion on august 15th wow oh well

the 14 cents is misleading really it close i think at around 9 cents on 70 million shares so that a market cap of 6.3 million still triple where we are now though this price fair value right now should be around 2.5 cents imo

this is by far the best chart the represents WGAS https://www.facebook.com/WorthingtonEnergy/likes

xzx i would vote yes for reverse split but not increase the A/S

the thing im worried about is if they reverse split then issue more shares afterwards your going to see this company go back to 1 penny again. its all about the market cap. i think back in march when O/S was 70 million shares price was 6 cents the market cap is 4.2 million. now we have 270 million shares at 0.008 that market cap is 2.3million. my point is the market always corrects stocks. if the A/S is increased before the company shows profits we are screwed has current shareholders and could see our investment shrink by 5 times in 6 months

i agree the 10-1 reverse split would be good but increasing the A/S could be a death sentence to us current shareholders