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coiling up here imo
bayp .0007x.001
seems they are fracking a well.. all the info i have
Re: 10Q out last night without press release in case you missed it...
Thanks cnrlong - good info. Provides some additional tidbits that helps me try to take an educated guess as to the future UD plans. From info in the 10Q as well as comments from RDC:
1) 10Q states that MMR is looking to do a large frac at DJ1 to get communication with the wilcox reservoir. I think it also says the lease at DJ requires activity by July 24th or they will need to submit an SOO extension request. RDC stated that the EXL III rig currently with ENI will go back to DJ after it is done with ENI. RDC monthly rig report states that the EXL III is contracted with ENI through May (but, is in shipyard for repairs to one of the legs that sunk into the seabed while drilling for ENI). So, my guess is they will try and get the EXL III back onto DJ1 after ENI is done with it to try and fulfill the July 24th lease date.
2) 10Q states that MMR application for completing/producing the BBE #1 well's mid Miocene sands (there were 2 mid miocene sands with a hydrocarbon/water contact around 24,000' at BBE; and 3 upper miocene sands above them) has been accepted. That would mean that they would look to plug off the lower part of the well to complete the shallower sands. They are working on having all the BBE lease blocks treated as a unit (application submitted). RDC stated that the Louisianna rig may go back to MMR. My guess is the Louisianna rig may go to BBE to complete the mid miocene sands at BBE #1.
3) 10Q states that MMR application for developing BBW #2 (SS188) has been submitted to complete/produce 3 sections at SS188 - with the bottom section being completed 1st. My guess is the Louisianna rig may be used to complete SS188 once it is done with BBE #1 (or visa versa).
4) 10Q states that they logged 220' of pay in the original BBW #1 well - this is the first I have seen a pay sand thickness stated for BBW #1. This well, however, has been in perpetual limbo and I don't see that changing anytime
Sentiment: Strong Buy
PER :http://finance.yahoo.com/mbview/threadview/?&bn=15c5bf4c-783b-3bd1-91dd-61dd5b906d10&tid=1368018072610-f477feea-a1f0-49b9-906b-9a05cf8e2d02&tls=la%2Cd%2C0%2C3
looking sweet, will watch for a selloff=entry.
YEA LISTEN TO THIS GUY... THIS STOCK WAS GOIN TO .OOOO NO BID I STILL HAVE THE TIME AND EFFORT FOR THAT DAY. BUT IT WAS NOT TADAY.
Way to go management. Thankyou!!!! so much for useing some hindsight on what had to be done here. Now you have some respect from the shareholders and the blood sucking mm naked shorts. Now if you would be sooooo kind and crank this thing up and put some wings on this bull.... again thankyou...
YES!!!!!!!!!!!!!!
hope this does recover seems cheap enough... but seem like the affinity for all the filings is becoming clear now.
EXTO bring it.
buy it up. go time
$EXTO yea like 2 weeks ago .oooo all you could see. im STILL waiting for it...
I Sure hope so riche... did you notice that our post got deleted? that is bs.
QUOTE !!!!!!!!!!!!!!!CAUTION!!! EXTO = TOTAL SCAM!!!! MATHEMATICAL FACTS...
The PR says it LOI'ed to possibly own 5% of 2 oil wells in Penn.
It is an LOI for a PINK SCAM.
It says:
Quote:
--------------------------------------------------------------------------------
"Ideally a 20 bbl. oil per day (bopd), initial production, can return in approximately 3000 bbl. of oil in the first 24 months".
--------------------------------------------------------------------------------
ALL numbers in the following calculation are high end and generous
Do the math $90 X 3000 bbl (in a two year period) = $270,000
That in and of itself is pathetic. Now factor in that this SCAM only will own 5% of the purported well.
270,000 X .05% owhership = $13,500 X two wells = $27,000 in two years or $13,500 gross sales per year.
Does not factor in pruchase price, minerial rights, permits, legal work, maintainance, electricity, man hours, trucking, ect. ect. ect.
Natural gas
20 MCF per day. x $8.00 PER MCF = $160 x 365 = 58,400 x two wells = $116,800 per year.
$116,800 X .05% ownership = 5,840 per year gross sales per year.
Total fron oil and gas of two wells #13,500 + 5,840 = $19,340
If they even exist. If they even are operational. If they have best case scenario.
This is the only purported source on income this SCAM ticker has. Other than dilution, of course.
Assuming a 50% profit which I think is very fair but it is a number to work with. Moreover with these pathetic numbers, it makes no difference.
$19,340 / 2 = $9670 total net annual sales.
$9670 / 809,716,049 current O/S = projected book value IF LOI is consummated .00001194245
~~~~~~~~~~~~~~~~~~Current book value. .0000~~~~~~~~~~~~~~~~~~~~~~
I am still waiting for this no bid you and others speak of..
At .0011 closing 03/22/13 this POS is insanly overpriced.
AND QUOTE !!!~!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If these clowns had 100 of the pathetic LOI 5% wells in hand the current PPS of .0011 would be near correct.....
did you get that?
$EXTO still waiting for the .oooo no bid. none. gone .over.
any idea when those .000's will come... been waiting there chap
$EXTO chasing her tail right now. just hyperactive is all.
mf lookin to be coiling up onE~ mo time... dont it boss.
whats goin on everone.
$LWCTF must be nice to have your chaps laden with sequins... This rodeo is one bull shy imo.
pisz poor judgment on behalf of the mm imho. haha... how can one be a player and an umpire at the same time? such a disrespect to the hard working fans of the game... go $LCTI$!!!
dam damn dam!!! what a convoluted mess. i also use scottrade but have not called about this issue. sonz of a biotzzz.. the consequences of our actions sometimes suck... such is life
$LWCTF daily chart looking primed and ready. rsi 50 may be ready for another leg.
the market is not open on the weekend jfyi....
very informative thank you
short volume 4-26-13 20.38%
http://otcshortreport.com/index.php?index=lwctf&action=view
management needs to provide us with some updates
lets see if the paid advertising can help
maybe this is the bottom
this one may have a chance to go.
doesn't look like Mr MCKENZIE has sold any since 3-27-13. i am truly sorry you lost on your entry. i do know when this company provides updates on the "real status of revenue... etc" this pig will fly... IMHO.. do your own dd.
gm Riche. The weekends are always frustrating for me as the market is closed. but i do enjoy spending time with my family. have a great day:>
gm riche! showing 8milly bid support @.0007
lol true...
what caused this stock to go from .01 to 7.00 back in august throu march 13?
and the funny thing about these chat rooms is i always see the same thing. "hold your shares its just a shake out. shorts are gona fry, this is the time to add... ect " makes me think it is nothing more that the big time players trying to get the small folk to hold the price up so they can successfully unload at the best price., gl
Very well said. I personally am DONE with chat rooms. period. also will never hold a stock long term like an investor should. just buy and sell for beer money, and small bills. The market has become a corrupt way of life for the greedy. sad to say. bite the hands that feed and eventually you will starve.
just a bunch of mobsters in the world of the MM. watching each others back.
$EXTO... yea rodger that. Big E HAHAHAHAHA lookin like James Dean
$EXTO... Management has been doing a great job with keeping the pr's consistent. Imho. Also pps been floating around these levels for a while. If the risk is too great then i would move to the left flank. But i personal am not. Still holding and will add more as i see fit. I have a feeling that the next set of news will send us... I could be wrong.