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It's quiet here....
3 days left to MAJOR PR &price RUN on $PERL $$$
FT. LAUDERDALE, Fla., March 21, 2012 /PRNewswire/ -- Perla Group International Inc., (PERL:PK) a leader in the international military, police and security solutions sectors, announced it plans to release its fiscal year 2011 earnings results by the end of March.
Nine Month Results
For the nine months ending Sept 30, 2011, the company reported total revenues of $2,746,475, and net income profit of $843,049. For that same period, the company reported little to no debt on the books, and was cash-flow positive at the end of the nine-month period
Current Share Structure
In March 2012, the Company reduced its outstanding shares from 484 million to a current estimate of 224 million shares, and had a total of 2582 shareholders on record at the time of the reduction.
Charles D'Alberto, the President and CEO of Perla Group commented, "The Company is very pleased to announce the pending release of its fiscal year 2011 financial results, which should show another strong year of revenues, and net profit for the company, and its shareholders. We look forward to providing a detailed outline of our past years performance, and provide guidance for fiscal year 2012, which has already started off on a strong note with our recent $665,000 armored car contract."
http://ih.advfn.com/p.php?pid=nmona&article=51715931
http://www.perlagrp.com/
ERL Issued .07 to .10 Price Target
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73505923
Perla Group (PERL) Issued Price Target of .07 to .10 per share
Last Updated: March 20, 2012 - 8:55am EST
(NEW YORK)--Ludlow Capital, an equity research firm based in New York City, initiated research opinion on Perla Group International Inc. (Pink:PERL), a leader in the international military, police and security solutions sectors, with a price target of $0.07 to $0.10 per share.
Military Contracts
Perla Group is a global provider of military, police, and security products. The three main divisions in the company are Perla Aviation, Perla Armored Cars, and Perla K-9 Services. The Company has contracts with US military contractors, and the United Nations for armored vehicles, and other turnkey security and military equipment. As many experienced traders know having contracts with either the US or national militaries is the holy-grail for any company.
The Company just recently announced a $665,000 armored car contract, and is set to see even higher revenues from their aviation division, which recently closed a $1.8 million contract with a luxury Yacht company in November 2011.
Shares Outstanding Reduced
The Company recently reduced its outstanding shares from 484 million to a current estimate of 224 million shares, which is represented by 2582 shareholders.
Company Earnings
For the nine months ending Sept 30, 2011, the company reported revenues of $2,746,475, and net income profit of $843,049. According to their filings the company has little to no debt, and had around $250,000+ cash in the bank, which makes for the prospects of any dilutive debentures less likely.
EPS Estimates
If you divided their $843,049 net income by the 224 million shares currently outstanding, you get a rough EPS estimate of around $0.004 per share. Based on a conservative PE of 10 PERL should already be trading at a price of $0.04 per share, This does not take into account the company's fourth quarter earnings, which are expected to be released to the market within the next week or so.
Giving the execution of new contracts, and strong earnings performance through 2011, it could be estimated that PERL could have an EPS for fiscal year 2011 in the range of $0.005 per share. Based on the current share structure, and at a trailing PE of 10, that would give PERL a minimum target of $0.05 per share. But, this is only on a trailing bases, and with a $1.8 million contract just coming into effect, and a $665,000 armored car contract in the month of February, and possible reverse merger/acquisition in their aviation division, the company is already on rack for a strong performance for 2012.
Price Target
Thus, on a forward bases, we have come to our estimate based on a forward PE on 2011 fiscal year end results on a 14 to 20 times earnings, which would give PERL a price target, based on projected fiscal 2011 EPS of $0.005, in the range of $0.07 to $0.10 per share.
http://www.wallstreetnewscast.com/profile/perl.html
PERL HAS CLOSED OVER ITS 50 MA WITH UNUSUAL VOLUME ACTIVITY
RSI IS GOING TOWARD THE POWERZONE WATCH FOR A BIG PRICE RUN ON PERL
http://stockcharts.com/h-sc/ui?s=PERL
3 days left to MAJOR PR &price RUN on PERL $$$
FT. LAUDERDALE, Fla., March 21, 2012 /PRNewswire/ -- Perla Group International Inc., (PERL:PK) a leader in the international military, police and security solutions sectors, announced it plans to release its fiscal year 2011 earnings results by the end of March.
Nine Month Results
For the nine months ending Sept 30, 2011, the company reported total revenues of $2,746,475, and net income profit of $843,049. For that same period, the company reported little to no debt on the books, and was cash-flow positive at the end of the nine-month period
Current Share Structure
In March 2012, the Company reduced its outstanding shares from 484 million to a current estimate of 224 million shares, and had a total of 2582 shareholders on record at the time of the reduction.
Charles D'Alberto, the President and CEO of Perla Group commented, "The Company is very pleased to announce the pending release of its fiscal year 2011 financial results, which should show another strong year of revenues, and net profit for the company, and its shareholders. We look forward to providing a detailed outline of our past years performance, and provide guidance for fiscal year 2012, which has already started off on a strong note with our recent $665,000 armored car contract."
http://ih.advfn.com/p.php?pid=nmona&article=51715931
http://www.perlagrp.com/
ERL Issued .07 to .10 Price Target
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73505923
Perla Group (PERL) Issued Price Target of .07 to .10 per share
Last Updated: March 20, 2012 - 8:55am EST
(NEW YORK)--Ludlow Capital, an equity research firm based in New York City, initiated research opinion on Perla Group International Inc. (Pink:PERL), a leader in the international military, police and security solutions sectors, with a price target of $0.07 to $0.10 per share.
Military Contracts
Perla Group is a global provider of military, police, and security products. The three main divisions in the company are Perla Aviation, Perla Armored Cars, and Perla K-9 Services. The Company has contracts with US military contractors, and the United Nations for armored vehicles, and other turnkey security and military equipment. As many experienced traders know having contracts with either the US or national militaries is the holy-grail for any company.
The Company just recently announced a $665,000 armored car contract, and is set to see even higher revenues from their aviation division, which recently closed a $1.8 million contract with a luxury Yacht company in November 2011.
Shares Outstanding Reduced
The Company recently reduced its outstanding shares from 484 million to a current estimate of 224 million shares, which is represented by 2582 shareholders.
Company Earnings
For the nine months ending Sept 30, 2011, the company reported revenues of $2,746,475, and net income profit of $843,049. According to their filings the company has little to no debt, and had around $250,000+ cash in the bank, which makes for the prospects of any dilutive debentures less likely.
EPS Estimates
If you divided their $843,049 net income by the 224 million shares currently outstanding, you get a rough EPS estimate of around $0.004 per share. Based on a conservative PE of 10 PERL should already be trading at a price of $0.04 per share, This does not take into account the company's fourth quarter earnings, which are expected to be released to the market within the next week or so.
Giving the execution of new contracts, and strong earnings performance through 2011, it could be estimated that PERL could have an EPS for fiscal year 2011 in the range of $0.005 per share. Based on the current share structure, and at a trailing PE of 10, that would give PERL a minimum target of $0.05 per share. But, this is only on a trailing bases, and with a $1.8 million contract just coming into effect, and a $665,000 armored car contract in the month of February, and possible reverse merger/acquisition in their aviation division, the company is already on rack for a strong performance for 2012.
Price Target
Thus, on a forward bases, we have come to our estimate based on a forward PE on 2011 fiscal year end results on a 14 to 20 times earnings, which would give PERL a price target, based on projected fiscal 2011 EPS of $0.005, in the range of $0.07 to $0.10 per share.
http://www.wallstreetnewscast.com/profile/perl.html
PERL HAS CLOSED OVER ITS 50 MA WITH UNUSUAL VOLUME ACTIVITY
RSI IS GOING TOWARD THE POWERZONE WATCH FOR A BIG PRICE RUN ON PERL
http://stockcharts.com/h-sc/ui?s=PERL
Yes, this one is going to be really huge!!!!!!!!! imo
So glad I got in dirt cheap! I really hope we see.02 by today's close, that would justify my Wednesday cocktail hour :)
$PERL PE = 3, and Earnings Coming
EPS Estimates
If you divide their $843,049 net income by the 224 million shares currently outstanding, you get a rough EPS estimate of around $0.004 per share. Based on a conservative PE of 10 PERL should already be trading at a price of $0.04 per share, This does not take into account the company's fourth quarter earnings, which are expected to be released to the market within the next week or so.
Giving the execution of new contracts, and strong earnings performance through 2011, it could be estimated that PERL could have an EPS for fiscal year 2011 in the range of $0.005 per share. Based on the current share structure, and at a trailing PE of 10, that would give PERL a minimum target of $0.05 per share.
$PERL PE = 3, and Earnings Coming
EPS Estimates
If you divided their $843,049 net income by the 224 million shares currently outstanding, you get a rough EPS estimate of around $0.004 per share. Based on a conservative PE of 10 PERL should already be trading at a price of $0.04 per share, This does not take into account the company's fourth quarter earnings, which are expected to be released to the market within the next week or so.
Giving the execution of new contracts, and strong earnings performance through 2011, it could be estimated that PERL could have an EPS for fiscal year 2011 in the range of $0.005 per share. Based on the current share structure, and at a trailing PE of 10, that would give PERL a minimum target of $0.05 per share.
Good afternoon, everyone. Thanks for this useful info, balamidas!
Well, if they mean what they say, they'll be launching their product soon, and that'll be a huge pay day!! I know they keep saying "real soon", "any day now", "24-48 hours", lol.... but when that day come I know we'll all be happy. It'll be worth the wait.
I think there's still good stuff in this company, I wouldn't dream of selling. But the waiting is really becoming a joke. Where's the news Keith??!
$WGAS issued a price target of .07-.10
http://www.wallstreetnewscast.com/news/2012/mar/wgas-1467.html
$WGAS issued a price target of .07-.10
http://www.wallstreetnewscast.com/news/2012/mar/wgas-1467.html
Ludlow Issues Research Alert on Worthington Energy ($WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 to $0.10 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
This thing is going to fly in due time. Check out this article on Wall Street Newscast issuing a .07-.10 price target. I'm just trying to get the news out now. Would be real nice to get at least a few new eyes on this baby by today's close.
http://www.wallstreetnewscast.com/news/2012/mar/wgas-1467.html
Ludlow Issues Research Alert on Worthington Energy (WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 to $0.10 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
$WGAS receives .08-.10 price target!! Dont miss out!!
http://www.wallstreetnewscast.com/news/2012/mar/wgas-1467.html
You're right, this is a great time for some new eyes imo
$PERL's revs could double from acquisition!
Was just tweeted from PR firm behind PERL.
Quote:
South Street Media ? @SouthStMedia
$PERL: potential aviation acquisition could double yearly revenues, promo campaign to kick off
https://twitter.com/#!/search/realtime/%24PERL
If they acquire a company that would double their yearly revenue, that means a .07 to .10 target could now be .14 to .20 target.
That is major! Mad cheap!!
Oh, and promo campaign is also coming -> KABOOM!!!!
PERL -> only gettin started here
$PERL's revs could double from acquisition!
Was just tweeted from PR firm behind PERL.
Quote:
South Street Media ? @SouthStMedia
$PERL: potential aviation acquisition could double yearly revenues, promo campaign to kick off
https://twitter.com/#!/search/realtime/%24PERL
If they acquire a company that would double their yearly revenue, that means a .07 to .10 target could now be .14 to .20 target.
That is major! Mad cheap!!
Oh, and promo campaign is also coming -> KABOOM!!!!
PERL -> only gettin started here
PERL's revs could double from acquisition
Was just tweeted from PR firm behind PERL.
Quote:
South Street Media ? @SouthStMedia
$PERL: potential aviation acquisition could double yearly revenues, promo campaign to kick off
https://twitter.com/#!/search/realtime/%24PERL
If they acquire a company that would double their yearly revenue, that means a .07 to .10 target could now be .14 to .20 target.
That is major! Mad cheap!!
Oh, and promo campaign is also coming -> KABOOM!!!!
PERL -> only gettin started here
$HLBC buy the dips!!!!
HLBC drops to 1.75 from 3.00 earlier this month. Probably some restricted shares finally being cashed in. This is a golden opportunity to get in now and double or even triple your profits! Dont miss out!! Remember, I posted this at 1.75
http://investorshub.advfn.com/boards/board.aspx?board_id=19214
$HLBC buy the dips!!
HLBC drops to 1.75 from 3.00 earlier this month. Probably some restricted shares finally being cashed in. This is a golden opportunity to get in now and double or even triple your profits! Dont miss out!! Remember, I posted this at 1.75
http://investorshub.advfn.com/boards/board.aspx?board_id=19214
$HLBC buy the dips!!!
HLBC drops to 1.75 from 3.00 earlier this month. Probably some restricted shares finally being cashed in. This is a golden opportunity to get in now and double or even triple your profits! Dont miss out!! Remember, I posted this at 1.75
http://investorshub.advfn.com/boards/board.aspx?board_id=19214
$HLBC buy the dips!!
HLBC drops to 1.75 from 3.00 earlier this month. Probably some restricted shares finally being cashed in. This is a golden opportunity to get in now and double or even triple your profits! Dont miss out!! Remember, I posted this at 1.75
http://investorshub.advfn.com/boards/board.aspx?board_id=19214
Nice stuff! I gotta get the word out, this is a real profitable moment.
The upside I see here is now people can get in cheaper. Wish I had more funds, I'm missing a golden opportunity to double my funds with these guys.
I think this could break out to .07 real soon, look at the chart pattern, and at a low price like this I need to get in more! Lookin' kinda bullish.
I'm not Melissa, lol. That's rather flattering though.
$PERL looking very bullish for next week!!
Super hot!! Hitting the ticker buzz cloud everyday this week looking hot hot hott!! Approaching the .07-.10 price target very nicely at .0149, get in now, we're never going to see prices this low again! Just watch out for them next week!!
This is hot!!
I think I need to pick up a few more, at this price, c'mon!
$PERL looking very bullish!! Could very well hit the .02's dont miss out!!
Good stuff, I just wish we'd see more buyers here. This board is kinda lonely, and HLBC is such a good company. We need more eyes!
Go HLBC!
$WGAS gets .08 price target! At .045 get in now!!!
Ludlow Issues Research Alert on Worthington Energy (WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
$WGAS gets .08 price target! At .045 get in now!!!!
Ludlow Issues Research Alert on Worthington Energy (WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
$WGAS receives .08 price target
Ludlow Issues Research Alert on Worthington Energy (WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
Ludlow Issues Research Alert on Worthington Energy $WGAS
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
Ludlow Issues Research Alert on Worthington Energy ($WGAS)
[/b
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
Ludlow Issues Research Alert on Worthington Energy ($WGAS)
By: staff reporter, Tom Bustamante
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.
Ludlow Issues Research Alert on Worthington Energy (WGAS)
Last Updated: Mar 23, 2012 - 8:20am EST
(NEW YORK)--Ludlow Capital, and equity research firm based in New York City, issued a research alert on Worthington Energy, Inc. (OTC:WGAS), an oil and gas exploration and development company, with a short-term target of $0.08 per share.
WGAS plans to move ahead with the development of their new oil well in the Gulf of Mexico has put the company, and its stock, in a position for a sharp move upward.
As early as April, 01, 2012, the company, in conjunction with Laredo Offshore, plans to mobilize an oil drilling platform from Galveston, TX to their I-1 well site at the first available weather window. Once on location, the platform tripod will be erected, and will bring WGAS one step forward to significant oil production from the site as early as late June to early July.
On March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
In their note to subscribers, Ludlow Research noted the with under 70 million shares outstanding, progressing with the development of their new I-1 well, and improving chart technical indicate WGAS may be positioned for possible move back above its 200-day trendline to a short-term target of $0.08+ per share.
About Worthington
Worthington (f/k/a Paxton Energy, Inc.) engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in Stateline, Nevada.