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Eatme, BDGR closed $0.98b $0.99a. I will see dollarS-land with BDGR, probably this year, if not in the next 4 months.
Maybe then you'll understand why I sold my ASPR.
ASPR: $0.45b $0.48a
Ajor1
Monday April 3, 11:31 am ET
Company Provides 2006 Revenue Target
AUSTIN, Texas--(BUSINESS WIRE)--April 3, 2006--Black Dragon Resource Companies, Inc. (Pink Sheets: BDGR - News), a rapidly growing producer and operator of mature, operating oil and gas properties in Texas and Louisiana, announced today that it expects its sales for the fourth quarter ended December 31, 2005, on an unedited basis to be approximately $709,000, up almost 26% over the previous quarter. Sales for the 2005 fiscal year end December 31 are expected to total approximately $1.655 million. The revenues for the year increased sequentially during the year; $421,000 for the first and second quarter combined; $525,000 for the third quarter and $709,000 for the fourth quarter. The Company expects revenues for the first quarter 2006 to approach $1 million, a record quarter for the Company and an increase of over 41% from the last quarter of 2005. The Company expects an audit of its year-end numbers to be completed in the next ninety-days.
ADVERTISEMENT
Mr. Rick Michael, President of Black Dragon stated, "Our recently released reserve report and report by Red Chip Companies have both confirmed our asset base and revenue potential. We are gratified by our results for 2005 and expect this momentum to continue into 2006. We believe that our revenue goal for 2006 of approximately $14 million is highly achievable."
"The analysis report by Red Chip is conservative in light of the recently released engineering report showing 66 million barrels of oil in proven recoverable reserves. 66 million barrels is in excess of 2 barrels per outstanding share. This does not include our Caddo Lake bed property, further commented Mr. Michael."
About Black Dragon Resource Companies, Inc.
Black Dragon is focused on the recovery of oil and gas reserves through acquisition and project development, specializing in mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities in the Texas and Louisiana region.
Derekz, buy those shares back. I think this stock is going way higher. They expect sales of $1 mil the 1st quarter and $14 mil for the year.
Nice day. $0.98b $0.99a 815,000 shares traded.
Ajor1
Eatme, you are funny. I said I sold most of my ASPR to buy more BDGR. It is now trading $0.96b $0.97a. I took a big hit (33%) on selling my ASPR because BDGR now appears to have better short-term and long-term prospects. I'm up very nicely on my BDGR and even on the BDGR I just bought.
Opps, BDGR just traded at $0.98. A penny below its high since I owned it. I remember you scoffing at me for not selling it last time it hit $0.99 a few weeks ago. It is worth a lot more, but since you are just a PUMPER and DUMPER, you don't know much about valuing a stock, do you?
BDGR: $0.96b $0.98a
ASPR: $0.43b $0.51a (note: the ask is not far off from where I first bought ASPR).
Ajor1
Selling going on just below $1. Currently $0.955b $0.96a. I think we have a decent chance of hitting $1 today, but who knows? I have added significantly to my position after the reserves report came out. Next we borrow money to fund more purchases, etc.
Things look good. Auditeds out around May 2006.
Ajor
VRDI up today and bankrupt tomorrow, right? Do your realize that $3 mil dept is coming due in about 24 months for VRDI? They have poor financies, it is extremely costly to raise ANY money. VRDI might go up, but it will go back down from where it came, and worse, IMO.
We will know more about ASPR later in the year. If all works out, it will go much higher. I think we have a nice shot of going much higher. Just have to wait. Look for Mitsu results and Gennco results and growth of other products. Large advertising contracts may come and go. That is the caveat.
ASPR: $0.49b $0.51a
Ajor1
abbam, I own stock in BDGR. It is not a "clean" company. From that example alone, it should be obvious that I don't expect perfection. However, I see no reason to believe that anything said from the characters involved in BIGN to believe that long-term shareholders will ever be rewarded.
The 120 well per year prediction should never have been issued. Why was it EVER issued. Don't make excuses for this company. Look at the facts.
Why do posters on this thread continue to hype up the hydroslotting tech that is not even owned by BIGN? Why not hype of Schlumberger's technology, too! Think about it.
Regarding BDGR, that company continues to increase its monthly output of oil, month after month. They had assets that were under dispute which has put a cloud over its performance. However, a settlement with OMOG was recently made as I predicted. It was the only course that made sense for OMOG. I'm willing to hold BDGR until they disappoint me enough to have me change my mind. I expect audited financials around May and then a listing on a larger exchange in 12 months and AMEX listing a little over a year after that. But maybe I'll be wrong. But the current price justitfied my purchase, IMO. It already came within $0.01 of my $1 perdiction (for a few hours, anyway. I did not sell one share).
Regarding BIGN, I just don't believe anything they say. I'm not even sure those Grimes well would not have produced at least as much gas as they already have using other standard recompletion techniques. Call me a skeptic. Based on the history of the players associated with those associated with BIGN, I am a skeptic of anything.
I'm looking forward to the Jan 2006 production figures from Grimes #1. Will it still be 475 MCF/day? I have strong reason to doubt those numbers.
It doesn't make sense. It doesn't make sense that all four wells weren't hydroslotted now. It doesn't make sense that the rain stopped Schlumberger. It doesn't make sense that no one talks to the management of BIGN, but only the PR people and those from hydroslotter. It doesn't make sense that no one is concerned about this.
Who is the transfer agent? Do they have one?
BIGN: $0.023b
Ajor1
***His job is to scare people out of this to buy it for him.***
No, I have "no job." I am Ajor. I count nickels and invest them successfully. I eat second day old doughnuts (they cost less), watch TV from an electronics store TV display (Cable costs too much and so does electricity), and above all I preserve my nickels for I know the value of a nickel compounded over time.
Do you know the value of a nickel? Are some in BIGN-land known to be nickel takers? How about in Hydroslotter, Inc?
BIGN: $0.023b
Ajor1
Patience, the price of a stock may go up. I can't control that, contrary to what some think. But the fundamentals of this company I have a better chance of predicting. I predict constant disappointment. But we'll see.
Regarding price, this reminds me of EZTO when I strongly posted negatively against it around $0.07 per share. During those few months it rose to about $0.17. I said at that time it was worth less than $0.01. My opinion wasn't deterred just because it was hyped up in price. Since that time, it has fallen back to what I consider more reasonable price of $0.01.
I am usually right. But I'm not right all the time. Maybe BIGN will prove to have a fundamental story in spite of its association with so many people associated with stock manipulation, but I doubt it.
BIGN: $0.23b
Ajor1
Rakesh Saxena And BIGN and Ivan Caric And DeRossa:
Has anyone noticed how the pumpers of BIGN seem to be ignoring my research? If you read NOTHING else, read these last three posts of mine over and over gain until your light clicks on. I am not making up there history. I am not making up the news on these people. You can research them for yourself. But you first heard this from Ajor.
Do you really believe anything this company says? Do you believe Skip Taylor? What links did I post before that incriminate him?
Did I not first proclaim that 120 wells was not feasible in 2006?
Futrcash and Zigbee, you have NO credibility until you address these serious findings about BIGN associaties. In fact, what important position in the company did DeRossa hold in BIGN?
Carvic is considered the dealmaker for Saxena! Did it sink in yet? And this is a Canadian company!
How many shares today. Did anyone find out? Is it possible to call the transfer agent to find out today's issued and outstanding share count? Why not?
Some laugh at me for my insights and for the research I post. Some say I repeat myself over and over again. Well, you don't seem to understand it yet.
Who has been talking about Rakesh Saxena but me?
Aside from hyping BIGN, does he tell you the dirt? Some think I would be different if I owned stock in BIGN. Wrong. Look at BDGR. I prefer to hear the "dirt" on a company. Only then can I begin to calculate a risk/reward profile.
I have even copy/pasted negative things about ASPR from other threads to put on an ASPR thread for reference and sharing.
Not being able to discusss the negatives of a stock is a sign of weakness and shows a lack of understanding. But what do I know?
How many of the people who own BIGN are also up, in total, with all their holings. I am not only up so far this year, but I'm up a lot on all my investments from Mutual funds, micro caps to real estate.
Maybe some on this thread should stop calling names and start discussing the issues like Ivan Carvic, DeRossa, Rakesh Saxena, there being no apparent officiers other than treasurer, etc.
***From SourceWatch
Rakesh Saxena is an Indian banker, who, while in exile in Canada approached Tim Spicer of Sandline International to discuss aiding President Ahmed Kabbah's return to power in Sierra Leone.
Spicer says of the initial encounter: "Saxena's interest was mineral concessions, but his approach put us on the spot, for we work for governments, not businessmen."[1] (http:freespace.virgin.net/ambrose.ganda/Corruption_story_goes_on.html)
At the time, Saxena was head of the Vancouver based Tidewater Management Corporation, held bauxite concessions in West Africa and was also wanted in Thailand for charges of embezzelling up to $2 billion (figures vary from as low as $88 million) from the country's Bangkok Bank of Commerce. He made an initial payment of $1.5 million before he was arrested by Canadian authorities for having a fake passport. [2] (http://www.wsws.org/news/1988/sier-m14.shtml)
Sandline's international chairman at the time was Anthony Buckingham who was a major shareholder in Diamond Works Ltd., a diamond company with six mines in Sierra Leone. He is also a founder of Executive Outcomes. Perhaps this is what prompted Saxena to pay Spicer a $70,000 consulting fee to prepare an appraisal of the situation in Sierra Leone. [3] (http://www.parliament.the-stationary-office.co.uk/pa/cm199899/cmselect/cmfaff/116/116app11.htm) [4] (http://caat.org.uk?information/issues/mercenaries-1999.php#3)
Retrieved from "http://www.sourcewatch.org/index.php?title=Rakesh_Saxena"
8 8 8 8 8
TIDEWATER MANAGEMENT TEAM PURCHASES COMPANY FROM INVESTOR GROUP
Written by Administrator
Monday, 21 November 2005
Company was sold almost 20 years agoThe management team of Vancouver-based multi-modal transportation company Tidewater Holdings, in partnership with Pacific Northwest-based Endeavour Capital, has purchased the company from an investor group. The group was led by an affiliate of Sterling Investment Partners of Westport, Conn.“Local ownership means that Tidewater’s headquarters will remain in Vancouver,” said President Dennis McVicker, in a statement from the company.The company, founded in 1932 by Lew Russell Sr. and subsequently owned by Lew Russell Jr. and Raymond Hickey, was sold to the Sterling-led investor group almost 20 years ago, in 1986. Portland-based Endeavour Capital provided equity financing for the management buyout, while a consortium of banks led by Bank of America and U.S. Bank provided additional financing.Tidewater, traditionally a Columbia and Snake River barge company, employs more than 250 employees in Washington, Oregon and Idaho and handles grain, refined petroleum products, fertilizers and a wide variety of containerized freight. Terminals are located in Vancouver, Pasco and Clarkston in Washington and Boardman and Umatilla in Oregon. Tidewater also owns Sundial Marine, a marine construction and repair company located in Troutdale, Ore.
http://www.vbjusa.com/index.php?option=com_content&task=view&id=288&Itemid=0
8 8 8 8
http://www.tidewater.com/index.htm***
BIGN: $0.024b
Ajor1
Ivan Carvic
Regarding Mr. Ivan Carvic, he comes up in a legal document with other players from BIGN including Americo de Rossa. Now Kelly shows up in other places with Americo, (NADE > TGVI > NDCLF) so this is not good, IMO. It seems to stink around here.
***Taub’s Involvement with Rakesh Saxena
10. During the Material Time, Taub opened numerous accounts at Brant Securities Ltd.
(“Brant”) for the following individuals and entities:
a. Tidewater Management Corp., (“Tidewater”), a corporate entity controlled by
Rakesh Saxena, (“Saxena”). Saxena was referred to Taub by another one of
Taub’s clients, Harvey Rubenstein (“Rubenstein”);
b. Amrit Sarup, (“Sarup”) who is Saxena’s mother. Saxena had trading authority
over Sarup’s account;
c. Rubenstein;
- 6 -
d. Ivan Cavric, (“Cavric”) a business associate of Saxena and Rubenstein whom
Taub considered to be the “dealmaker” for these individuals;
e. Fred Kimber, (“Kimber”), a business associate of Cavric.
f. Americo de Rosa, (“De Rosa”), a business associate of Cavric.
g. Join Kind Ltd., (“Join Kind”), a corporate account over which Saxena had trading
authority.
11. Tidewater, Saxena, Sarup, Rubenstein, Cavric, Kimber, Rosa and Join Kind engaged in
trading activity which appeared to be or was consistent with market manipulation or
deception. Trading activity in the securities of Wavetech Networks Inc. (“Wavetech”),
Millenium Equities Limited (“Millenium”), Digital Cybernet Corporation (“Digital”) and
Armac Capital Corp. (“Armac”) exhibited characteristics that should have caused to Taub
to ensure that the trading activity was not manipulative or deceptive.***
http://www.offshorebusiness.com//message_board_detail.asp?id=16653&page=1
Legal document:
http://www.ida.ca/Files/Enforcement/HearingAndParticulars/HP200510210_en.pdf
Ownership:
As of 12-31-04, the only date this info is given, the ownership in BIGN is as follows:
Shareholders holding more than 5% of any class
Ivan Cavric 7 %
Americo DeRosa 13 %
CDS & CO 26 %
South Concord Corporation 6 %
CEDE & CO 36 %
Primequest Financial 10 %
Source:
https://www.otcstockinfo.com/repository/655702/655702_FR6.pdf
***the joint venture arangement,and right of first refusal***
Futrcash, it seems you are quoting hype and still don't know what you are doing. Is that possible?
It sounds good, what you said, but it means NOTHING. Hysdroslotter can hydroslott for anyone anytime they wish. Why do you pretend they can't?
Oh, maybe that is on a certain well at a certain time. OK, you win!
But there is NOTHING exclusive with hydroslotter and the "joint venture" is essentially meaningless as is the "right of first refusal."
But you made it sound good.
Futrcash, have you called the SEC of Canada and the US as agreed. You know how to "get rid of me." Or would it just make you look worse if you actually reported what the SEC says about those closely associated with BIGN such as Ivan Carvic and DeRossa.
BIGN: $0.024b $0.025a
Ajor1
If Futrcahs and Zigee will call the respective SEC of Canada and the US and ask about BIGN and its players, specifically: Ivan Carvic, DeRossa and Skip Taylor and report what they say, AND if they don't say negative things, I'll stop posting on this thread and other threads.
Futrcash and Zigbee, you should already have done this as part of your due diligence, so this should be an easy way to get rid of me. Of course, if you don't post your findings, I may post mine.
But you first.
BIGN: $0.0245b $0.026
BDGR: $0.72b
ASPR: $0.55b
Ajor
Eatmenasdaq, pump and dumps never are as good as they appear, are they? And if you have enough shares, a few million dollars in revenues means NOTHING.
But I'll give you credit, Eatmendasdaq, at least you can admitt that BIGN has no technologoy because it is Hydroslotter, Inc, that owns the technology and hydrosloter, Inc, can hydroslott for anyone!
Now, let's get Zigbee and Futrcash to say that.
Can those pumpers bite the bullet and clearly state that? I bet they can't.
BIGN: $0.024b $0.026a
BDGR: $0.72b
ASPR: $0.55b
Ajor1
Tallman, I'm not sure what is going on with some of the misinformation on this company. For instance, Futrcash cash takes a stab at my credibility, but doesn't correct your misunderstanding on the shares issued and outstanding. As Futrcash should know (is he really that dull?), BIGN has about 300,000,000 shares issued and outstanding. They have 400,000,000 shares outstanding, but not all are issued YET (or at least I don't think they are).
Someone posted last about 310,000,000. The last report that came out was only until Dec 2005. I think there were 285 million shares issued and outstanding at that time.
The company is currently authorized to sell up to 400 mil share, but has only issued 3xx million to date.
BIGN has little cash. They will need to get more money to fund any growth. This will probably come from shares being sold. I easily see us passing 400 mil shares. In fact, with the players involved in this company, I doubt you will ever get what you expect to get. But who knows? Maybe I'll be wrong.
Something is not right with this company, IMO. Certainly the characters associated with this company are about as bad as one could dream up.
But the future will reveal all.
Ivan Carvic, DeRossa, Skip Taylor, etc., lead me to believe this is all one big . . .
BIGN: $0.025b
Ajor1
***Very little of the innuendo served up ,by his slanted posts can be substantiated.
futrcash***
How can you say that? Are you saying Ivan Carvic and DeRossa aren't listed as major early player shareholders? Are you saying they are not associated with Rakesh Saxena?
Futrcash, are you so unable to properly research a company that you don't even understand what I'm talking about? Or do you like to hide the truth via name calling and poster name labeling?
Or maybe you think these people are "clean" and that Skip did not sell unregisitered shares, etc,. I posted links to data, what have you provided?
And Futrcash, tell us why you seem to PRETEND that BIGN owns any technology. As you SHOULD know, hyrslotter owns all the technology, and it is a completely indepenent corp and it does not work exclusively for BIGN.
Why not admitt the truth? Are you afraid of it?
BIGN: $0.025b
Ajor1
Hello board. I had previously posted info on Rakesh Saxena, Ivan Carvic and DeRossa and their associations with BIGN. But I get the feeling that most here, if not everyone, has not caught onto the sinifcance of that association. Rakesh Saxena is HUGE trouble. It is like being associated with the biggest of the big.
I encourage you to look this person up. He was in all kinds of trouble in Europe. And is associated with Tidewater Management. Is this the same Tidewater management as with Royal Pertroleum who was supposed to help finance BIGN wells (whatever happened to that "news"). I'm not sure that it is, but the names match up so maybe it is. I'd really be harping on that if I ever confirmed for sure the linkage.
I'm sharing old research with you. I spent a few weeks digging up info and came up with many pages of info.
This Rakesh Saxena is an international, gov bribing, huge trouble-maker. And BIGN has been documented, thanks to Ajor, with its association with people associated with Rakesh Saxena.
I had some better research on Rakesh that told the story more clearly so you can better understand what I'm talking about. I'll have to look for it. Maybe you'll understand better why I keep talking about Ivan Carvic and DeRossa.
It is amazing to me that I am the only one who either seems to know about these associations or who seems to care.
***Rakesh Saxena
From SourceWatch
Rakesh Saxena is an Indian banker, who, while in exile in Canada approached Tim Spicer of Sandline International to discuss aiding President Ahmed Kabbah's return to power in Sierra Leone.
Spicer says of the initial encounter: "Saxena's interest was mineral concessions, but his approach put us on the spot, for we work for governments, not businessmen."[1] (http:freespace.virgin.net/ambrose.ganda/Corruption_story_goes_on.html)
At the time, Saxena was head of the Vancouver based Tidewater Management Corporation, held bauxite concessions in West Africa and was also wanted in Thailand for charges of embezzelling up to $2 billion (figures vary from as low as $88 million) from the country's Bangkok Bank of Commerce. He made an initial payment of $1.5 million before he was arrested by Canadian authorities for having a fake passport. [2] (http://www.wsws.org/news/1988/sier-m14.shtml)
Sandline's international chairman at the time was Anthony Buckingham who was a major shareholder in Diamond Works Ltd., a diamond company with six mines in Sierra Leone. He is also a founder of Executive Outcomes. Perhaps this is what prompted Saxena to pay Spicer a $70,000 consulting fee to prepare an appraisal of the situation in Sierra Leone. [3] (http://www.parliament.the-stationary-office.co.uk/pa/cm199899/cmselect/cmfaff/116/116app11.htm) [4] (http://caat.org.uk?information/issues/mercenaries-1999.php#3)
Retrieved from "http://www.sourcewatch.org/index.php?title=Rakesh_Saxena"
8 8 8 8 8
TIDEWATER MANAGEMENT TEAM PURCHASES COMPANY FROM INVESTOR GROUP
Written by Administrator
Monday, 21 November 2005
Company was sold almost 20 years agoThe management team of Vancouver-based multi-modal transportation company Tidewater Holdings, in partnership with Pacific Northwest-based Endeavour Capital, has purchased the company from an investor group. The group was led by an affiliate of Sterling Investment Partners of Westport, Conn.“Local ownership means that Tidewater’s headquarters will remain in Vancouver,” said President Dennis McVicker, in a statement from the company.The company, founded in 1932 by Lew Russell Sr. and subsequently owned by Lew Russell Jr. and Raymond Hickey, was sold to the Sterling-led investor group almost 20 years ago, in 1986. Portland-based Endeavour Capital provided equity financing for the management buyout, while a consortium of banks led by Bank of America and U.S. Bank provided additional financing.Tidewater, traditionally a Columbia and Snake River barge company, employs more than 250 employees in Washington, Oregon and Idaho and handles grain, refined petroleum products, fertilizers and a wide variety of containerized freight. Terminals are located in Vancouver, Pasco and Clarkston in Washington and Boardman and Umatilla in Oregon. Tidewater also owns Sundial Marine, a marine construction and repair company located in Troutdale, Ore.
http://www.vbjusa.com/index.php?option=com_content&task=view&id=288&Itemid=0
8 8 8 8
http://www.tidewater.com/index.htm***
88888
BIGN: $0.025b
Ajor1
Does anyone have a current share count? It might be instructive and helpful to follow it. I will find it very hard to believe that it is not about to increase in size (or hasn't).
Also, what it the transfer agent's phone number. Is the transfer agent authorized, as with most stocks, to give share count info out? Why or why not?
Has anyone ever found out where Hydroslotter, Inc., is incorporated? I'm being lazy. Help would be appreciated.
BIGN: $0.025b
Ajor1
Will the current Grimes well produce as expected? I have my doubts. But let's see. The news is slow in coming and the hydroslotting is taking too long, IMO.
But I could be wrong. Let's see what the future reveals. Also, what was this well producing before hydroslotting? Wouldn't it be funny if they took a well capable of producing, worked it over and claimed success to the unsuspecting public! All one has to do is to go back to the gov records and see what it last produced at vs what it produces now, vs what any modern workover would produce.
How did the current Grimes well match up to those standards?
And by the way, I never believed it would take this long for the Russians go come back to the US. What was up with that? Doesn't make sense does it.
But maybe my Ajor-intution is wrong. But it usually is not, but I'm open. I change my mind very quickly based on all data. But it still smells around here, IMO.
One last thought, has hydroslotting and BIGN ever had a failure? It is my understanding that they have. Can anyone confirm?
BIGN: $0.025b
Ajor1
Futrcash, nice photos. I found it some of the most helpful info you provided so far. Again, thank you.
BIGN: $0.025b
Ajor1
Eatmenasdaq, you were PUMPING VRDI?
Here is what I had to say about VRDI. Look like I was right:
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=VRDI&read=1864
ASPR: $0.57
VRDI: $0.09
Ajor
Eatmenasdaq, you can still buy ASPR for under $0.60. Remember this post in the next 24 months. I expect this stock to be on the AMEX around then, but who knows? Maybe I'll be wrong this time.
My prediction was over $1 in 12 months. I've got about 11 months to go.
I think it has the potential for $4+ in 24 months.
Look at the 4 month chart on ASPR. Up nicely.
You still think the warrants are a problem. You still don't understand what is going to happen. The warrants are the best thing that ever happened to this company and you are complaining.
When the cycle of the warrant conversions and company cash obtained and new lines started with the warrant money gets ignitied, we'll see how "damaging" those warrants will be to current stockholders.
Many warrants were priced @ $0.30. Already the stock is about $0.60. Those warrants didn't seem to hurt. More warrants kick in just above the current price. And above $1 many more warrants kick in giving the company lot's of CASH when they are converted.
And, who knows, the company might want to buy some of the warrants back, which might be a good idea at some point and very profitiable for Barron Partner LP who owns most of them.
You should look into Barron Partner LP before you say much more.
Eatmenasdaq, didn't you make fun of my purchase of BDGR at much lower prices, too?
ASPR: $0.56
BDGR: $0.76
Ajor1
We never made it to a dollar, but we did make it to $0.99 briefly. Now, the stock is $0.76. Not a bad rise. As the audited financials come out, probably in May and more production is confirmed and the official news and details of the settlement are made public, this stock should continue to become more fairly valued.
There are some potential issues with AMEX listing such as years of auditid financials (need 3) so it is possible that it will take anohter 26 months to get to the AMEX, but we should at least get off the Pinkies.
I have sold much of my oil holdings with BDGR my major play in the sector. This time one year ago, I was very heavy into Energy.
I like being on the ground floor of an Energy play. As BDGR get larger, we will probably see more wildcatting, etc. The current operations will, of course, continue to grow and provide a very nice cash flow to move into whatever else we decide to do. Acquisitions will definitely continue.
Ajor1
Problems in BIGN-land. The well should be done already. And if the called in the Russians, what does that tell you? They were supposed to do it without the Russians this time.
The carrot is moving forward, again.
BIGN: $0.027
Ajor1
From that info, you can see that the well never produced as expected. It never even reached the low end of predictions of 300 % increase. Maybe a 50% increase- maybe. Remember, this was a reworked well. There is nothing to say it would not have done this well since it went in different areas.
Can it be dupilcated again and again. I say no. Not even at as well as the first well. Remember, the first wells done will be the "best chance" wells. It might just get worse.
I don't think you're going to get four wells hydroslotted. And rememeber, the initial gas rates will be at least double the final rates.
Sounds interesting to some degree, but rememeber the players behind this stock and their history.
BIGN: $0.025
Ajor1
Hydroslotter
88888
2004.12.06 - Interview with Eric David newsletter
www.ericdavid.com
Eric David & Sons Interview
With Jean Claude Bonhomme Of Ontario Inc.
Eric David & Sons:
…EDS: What other companies are Biogenerics currently investing in and are there any other contracts in the works?
CB: There is a contract in the works that has not been made public yet. It is concerning a new technology to improve secondary recovery production in wells. It has been tested already and has been successful. Now we are going to elaborate further and develop more wells to prove that the technology does work in more than one location. We have tried it in California and Kansas and it worked. Now we are coming to New York to see if it will work there. If it does work then we know that we have something quite substantial…
Interview conducted by Kristin Huffner, an Independent Consultant for Eric David & Sons. November 29, 2004.
http://www.bignltd.com/pr/20041206.html
88888
CARSON CITY, Nev., Jan 13, 2005 (BUSINESS WIRE) -- Biogenerics Ltd. (NQB:BIGN), focused on exploiting and distributing domestic gas reserves, today announced that the Company has formed a strategic alliance with privately-held, Toronto-based Hydro Slotter Corporation (HSC). The joint venture will include Biogenerics receiving 50% of the profits derived from utilizing the company's hydro slotting proprietary technology. Past results are clearly an indicator of future performance in HSC's goal to exponentially raise the amount of oil and/or gas from wells. HSC's operations on two idle wells in Kansas (one oil and one gas) increased production 600% and 300% respectively.
Additionally, the E&P Technology of Shell Oil tested and experimented with HSC's technology. Shell's conclusion stated: We found that abrasive hydrojet slotting provides a controlled and precise flow between productive layers of the formation and the casing. We also found that it can create a larger flow path than can be achieved by jet perforation and that is more controllable than hydraulic fracturing." These findings were further validated by a study conducted by Stanford University's Department of Geophysics and the University of California at Berkeley.
"Increasing the production of existing oil and gas wells represents an enormous opportunity," stated Gary Kelley, President and CEO of Biogenerics. "By applying HSC's technology to suitable existing wells, Biogenerics will improve its bottom line, while eliminating the risks of exploration and the costs of installing new well infrastructures. Hydrojet Slotting is a quantum leap forward in the protection of homeland energy security and safety in the 21st century."….
88888
TORONTO, Jul 05, 2005 (BUSINESS WIRE) --
Biogenerics Limited (OTC:BIGN), today announced that its partner, Hydroslotter Corporation reported that several open flow tests on its target well in Northern California have determined conclusively that initial production will exceed 800 million[mistake was made, actually 800 thousand] cubic feet per day (MCFD). With gas prices at approximately U.S. $7 per cubic thousand feet, the initial production would garner gross revenues in excess of $5,600 per day or $2,044,000 per year…
…"We are excited about these results because we have taken a difficult well that was shut in for over twenty years and was also a candidate for plugging and abandonment, and we are putting this well online at commercially viable rates," said Gary Kelley, Chief Executive Officer. "Using new technology, we have found large amounts of gas in previously believed barron areas. The Company will be actively seeking distribution partners our producing wells."
"In addition, hydroslotting, the wave of the future, has resulted in gas production that other technologies either could not achieve or have been unable to access. For example, in another well close to the target well, jet perforating fifty (50) feet of productive formation resulted in 200 MCFD. Hydroslotting only fifteen (15) feet of the same zone in our target well has achieved preliminary results that are four to five times greater."
http://www.bignltd.com/pr/200507052.html
Link to mistake correction: http://www.bignltd.com/pr/20050707.html
88888
TORONTO, July 26, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News), today announced that their strategic alliance partner, HydroSlotter Corporation…
``The hydroslotter technology is affording Biogenerics the opportunity to fully exploit the potential of each investment the Company has prudently made.''…
TORONTO, Oct. 11, 2005 (PRIMEZONE) -- Biogenerics Limited's (Other OTC:BIGN.PK - News) strategic alliance partner, Hydroslotter Corporation, announces initial production numbers for the month of September…
Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high…
Hydroslotter is equally excited about the potential their technology provides. There are perhaps hundreds of thousands of shut-in wells that have the economic potential to begin production again at a low cost compared to a conventional drilling project…
TORONTO, Oct. 13, 2005 (PRIMEZONE) --
…``We're excited about the potential of the Hydroslotting technology…
About Hydroslotter Corporation
Hydroslotter Corporation's proprietary technology, deemed ``hydroslotting,'' increases oil and gas production and extends commercial productivity of oil and gas by 300 percent to 600 percent. Hydroslotter's technology is cost effective and, for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high…
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Demonstrating Hydroslotter Technology in New York Wells (Hydroslotter Corporation—Canada). Hydroslotting is a two-step abrasive hydrojet completion process. The first step cuts two 180°-phased slots through the casing, cement, and deep (up to 10 ft) into the formation. The second step cycles proprietary remedial chemical reagents via the newly created slots. Effectively, near-wellbore damage is transferred to the distant slot tips. Hydroslotting will be demonstrated in five different well environments in three New York geological zones: Onondaga, Medina, and Theresa. At least one demonstration will be close to a gas-water contact.
Petroleum Technology Transfer Council
http://www.pttc.org/tech_sum/ts_v11n1/ts_v11n1_22.htm
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California well (Grimes)
TORONTO, Jul 05, 2005 (BUSINESS WIRE) --
Biogenerics Limited (OTC:BIGN), today announced that its partner, Hydroslotter Corporation reported that several open flow tests on its target well in Northern California have determined conclusively that initial production will exceed 800 million [corrected later to 800 thousand] cubic feet per day (MCFD). With gas prices at approximately U.S. $7 per cubic thousand feet, the initial production would garner gross revenues in excess of $5,600 per day or $2,044,000 per year.
Shut-in pressure prior to the open flow tests was above 3400 pounds per square inch (PSI). During the eight-hour tests, the open flow pressure stabilized at 975 psi and 800 MCFD gas flow, using a 12/64-inch choke. On a 16/64-inch choke, the open flow pressure stabilized at 650 psi, with gas flow above 1000 MCFD. Gas samples taken by PGE indicate that the natural gas is clean and has high-BTU quality.
"We are excited about these results because we have taken a difficult well that was shut in for over twenty years and was also a candidate for plugging and abandonment, and we are putting this well online at commercially viable rates," said Gary Kelley, Chief Executive Officer. "Using new technology, we have found large amounts of gas in previously believed barron areas. The Company will be actively seeking distribution partners our producing wells."
"In addition, hydroslotting, the wave of the future, has resulted in gas production that other technologies either could not achieve or have been unable to access. For example, in another well close to the target well, jet perforating fifty (50) feet of productive formation resulted in 200 MCFD. Hydroslotting only fifteen (15) feet of the same zone in our target well has achieved preliminary results that are four to five times greater."
http://www.bignltd.com/pr/200507052.html
Link to mistake correction: http://www.bignltd.com/pr/20050707.html
88888
TORONTO, July 26, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News), today announced that their strategic alliance partner, HydroSlotter Corporation, has completed the pipeline from the California well to the meter site.
Additionally, the meter station has been completed
and well is expected to commence production when the final checks on both the pipeline and the meter station have been completed.
Well tests demonstrated production of 1,000,000 cubic feet of gas per day.
Upon initiating flow,
following the requisite tests,
the Company will perform a full production test
and reserves will be assessed.
Biogenerics will receive 80% of the revenue from the sale of natural gas, until the Company recovers its initial investment and
henceforth will receive 40% of the revenue for the life of the well.
``We are pleased to be at the meter site and thus, extremely close to producing revenue in record time,'' stated Paul Kelley, CEO.
88888
TORONTO, Aug. 23, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) today announced that the Company has signed agreements on four additional gas wells in California for which exploration will begin immediately utilizing the hydroslotter abrasive hydrojet perforation technology…
``Initial results of our recent drilling exceeded 1,000 mcf per day…
88888
TORONTO, Oct. 11, 2005 (PRIMEZONE) -- Biogenerics Limited's (Other OTC:BIGN.PK - News) strategic alliance partner, Hydroslotter Corporation, announces initial production numbers for the month of September…
The Grimes, California well which has been shut in for the past twenty years was re-opened in June using Hydroslotter's new advanced recovery technology. For the month of September, the well produced 14.4 million cubic feet of natural gas (14,400 MCF), which was sold for an average price of $10.00 per MCF. It is anticipated that a final technical review meeting will be held by mid-December 2005 at which time a firm date or the workovers will be decided.
The workovers are tentatively scheduled back-to-back from January 8th to January 22nd, 2006.
Each workover will require three days, with two days of slotting and one day in between to re-rig the drilling apparatus.
…Paul Smith, senior VP of Biogenerics Limited stated that, ``Each of the four wells identified should produce as well, if not exceed the production rate, of the first Grimes well.'' …
…To date, half of Biogenerics' investment was recovered in the first month of production and upon payout, Biogenerics will share the revenues equally with Hydroslotter.
http://www.bignltd.com/pr/20051011.html
88888
TORONTO, Oct. 13, 2005 (PRIMEZONE) --…
The Grimes, Calif. well was successfully reopened after a 20-year shut-in in June using Hydroslotter's new advanced recovery technology and has produced 14.4 million cubic feet of natural gas (14,400 MCF), which was sold for an average price of $10.00 per MCF for the month of September. Pacific Gas & Electric will release the official September figures in mid-October, which are expected to vary from the unofficial figures by a fraction of a percent…
88888
NEW YORK, Oct. 14, 2005 (PRIMEZONE)…For example: The current Grimes, Calif. well, now in production, is forecasted to have a life of 5-10 years. Four additional wells are being slotted in conjunction with the Grimes, each at 5-10 years. The costs and time to slot four wells is 10 to 14 days and will have a 25% reduction in outsourced service charges.
We expect each of our five wells to be tied into the same meter site and expect combined flow at 2,500,000 MCF.
The projected cash flow will cover expenses in 30 days. We then receive net 40% of the flow after costs are repaid. That would register at US$10,000 per day…
88888
TORONTO, Oct. 20, 2005 (PRIMEZONE) --…
Biogenerics estimates their breakeven on a $200,000 hydro-slotted re-completion to be in the 30 to 60 day range based on several projects like the recently announced Grimes, CA gas well that flowed 14,400 mcf (1 mcf = 1,000 cubic feet) in its first month. At recent gas prices of $10 per mcf, this well produces approximately $140,000 in cash flow per month, of which 40% or nearly $60,000 per month (after payback of hydro-slotting cash outlay) is realized by Biogenerics after royalty payments and expenses….
88888
TORONTO, Nov. 30, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) confirms that its joint venture partner Hydroslotter Corporation is now prepared to begin the process of working over four additional gas wells on the Grimes, California property.
88888
Biogenerics Limited, a Nevada-based investment firm, and Hydroslotter Corp., of Toronto, Canada, have entered into a joint venture to drill a gas well using Hydroslotter’s proprietary abrasive hydrojet perforation (or “hydroslotting”) technology.
Hydroslotting is a proprietary completion process that increases permeability near the well bore by transferring near-wellbore compressive stresses away from the well bore and into the formation, thereby increasing production flow. The process consists of two steps. In the first step, two 180?-phased slots are cut through the casing, cement and deep into the formation.
In the second step, a proprietary remedial chemical reagent is pumped through the slots throughout the near wellbore zone.
The project well for the joint venture is located in the West Grimes field, in the Sacramento Basin, in Colusa County, Calif. The well, now shut-in, was originally drilled in 1986 and encountered gas pay in one of many intervals in the Forbes formation, originally producing 380 MMcf from only one zone. Analysis has shown that large quantities of gas remain behind some of the five different zones where Biogenerics will focus its attention.
E&P net.com
http://ads.stopbounce.com/account/225/frame.asp?right=false&adpane=http%3A//ads.stopbounce.com/a...
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Futrcash, first, BIGN does not own Hydroslotter, Inc. So if it works well, after Grimes, then it is for someone else to profit on.
Secondly, it is not what you say. Even Grimes #1 is only producing pre-hydroslotting numbers. Go back to the old Grimes press releases. We started at much higher expectations and we're way down from those numbers. Grimes always did 500 MCF/day. Maybe I'll post that info next so you can review it for yourself (yeah, sure you will).
Lastly, it seems you are saying only one more well was hydroslotted. Awefully slow. Trouble here? Or just no cash?
BIGN: $0.025
Ajor1
***Awjor...FACT...ALL GAS WELLS Decline in production.***
Not the "magic" BIGN wells. They have not decreased at all, so far. . . right . . .
It seesm to me that BIGN is the funding arm of Bohnomme, Skip and Rowe. BIGN raises the money at a cost to its shareholders as the dilution goes on and on. Skip and friends then collect a large portion of all earnings after the well is paid for by its own production.
So, if a well is bad, BIGN shareholers pay for it and Skip and friends don't pay for it. But if it is good, Skip and friends take a large portion of the money for 2 days work (or alleged to be only 2 days).
Now, BIGN has authorized shares of 400 mil and somewhere over 300 mil already authorized. But who is the transfer agent? Can you call them like with most stocks?
I will BOLDLY predict we will be over 400 mil shares within six months. Let's save this post to see how I do.
All the JV and purchases of stock in other companies is an elaborate rouge, IMO. It makes no sense to me. A company that is a start-up is spending the few pennies it has to invest in companies that the "management" owns. Odd don't you think?
Is everyone willing to put ethics aside so that they can see BIGN pop?
I have no short interest in this stock. I will be better off financially if it rises, but I don't care. Why? Because it is not right to PUMP a stock that has nothing inside the tank.
I documented various associations with fraud. Have you confirmed what I've found?
BIGN: $0.025
Ajor1
I want to help you protect your money. Following is the best site to look up info that I've found. It is called Highbeam.com. It costs $99 per year, but gives a 7 day free trial. Cancel before the end, and they might offer you 1/2 off to not stop it. Compare past performance with the present. Also, look up Skip Taylor, Rakesh, DeRossa, etc:
http://www.highbeam.com/Web/index.asp?ctrlInfo=Round19%3AMode19a%3AHP%3AHdr%2EWeb
An informed investor is the best investor. I know a lot don't like me here, but I have NEVER lied (although I am not always right, of course).
I also document what I find. Futrcash is giving hearsay from company members associating people associated with stock manipulation or he is getting info from in the company who are directly associated with stock manipulation (i.e. Skip Taylor as per the documentation I provided eariler).
BIGN: $0.025
Ajor
Hair stood up on back of neck:
http://www.investorshub.com/boards/read_msg.asp?message_id=8305004
Futrcash, Skip Talor, as I said before is not to be trusted, IMO. Look at his past. Not hype, but in black and white. He is a "bad egg" IMO. But make up your own mind after readig this:
http://www.investorshub.com/boards/read_msg.asp?message_id=8789292
Has anyone been made projection by those sellng BIGN shares about its future value?
BIGN: $0.025a
Ajor1
Alberto Gonzales
U.S. Attorney General
U.S. Department of Justice
950 Pennsylvania Ave. NW
Washington, DC 20530-0001
Robert S. Mueller, Director
FBI – FRAUD/CRIME INVESTIGATION
Call (202) 324-3000 or
write to the following address:
Federal Bureau of Investigation
J. Edgar Hoover Building
935 Pennsylvania Avenue, NW
Washington, D.C. 20535-0001
Christopher Cox, Chairman
U.S. – Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
S.E.C. Director
Enforcement Division
U.S. – Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
President, N.A.S.D.
NASD – FRAUD DIVISION
1735 K. Street, NW
Washington, DC 20006
I.R.S.
FRAUD Investigation Division
500 N. Capitol St. NW
Washington, DC 20221
Bill Lockyer
California Attorney General
CA Department of Justice
P.O. Box 944255
Sacramento, CA 94244-2550
Future cash says company expects 50% decline in Grimes #1. Watch out! Falling production!
http://www.investorshub.com/boards/read_msg.asp?message_id=9248510
Contradictions within Hydroslotter regarding Russians:
88888
***ajor1;
I am not sure where you have got your info from. It has already been confirmed that the whole Russian visa issue was a false rumor. There is no Russian problem. See post 541 by futrcash; . . .***
First, up until just now, you did not say you confirmed the Russian story for yourself. You said you got the info second hand:
http://www.investorshub.com/boards/read_msg.asp?message_id=8627318
Second, furtrcash said Skip Taylor of hydroslotter said the Russians were just a rumor:
http://www.investorshub.com/boards/read_msg.asp?message_id=8733999
Lastly, but Angelhillcorp said Hydroslotter investor Jean-Claude said:
http://www.investorshub.com/boards/read_msg.asp?message_id=8299838
I can personally tell you I heard that the Russians coming back was not a false rumor.
I suggest you call Jean-Claude Bonhomme and see if Angelhillcorp was also wrong.
Let's stop calling each other liars and start finding out the reasons for our differences. I do not lie. If I am wrong or confused or whatever, I want to find out why the discrepancy.
Now, you have not just my word, but Angelcorp's. Zigbee, did you speak to Skip or Jean-Claude?
BIGN: $0.027b
Ajor1
88888
Rakesh Saxena (about this famous manipulator):
From SourceWatch
Rakesh Saxena is an Indian banker, who, while in exile in Canada approached Tim Spicer of Sandline International to discuss aiding President Ahmed Kabbah's return to power in Sierra Leone.
Spicer says of the initial encounter: "Saxena's interest was mineral concessions, but his approach put us on the spot, for we work for governments, not businessmen."[1] (http:freespace.virgin.net/ambrose.ganda/Corruption_story_goes_on.html)
At the time, Saxena was head of the Vancouver based Tidewater Management Corporation, held bauxite concessions in West Africa and was also wanted in Thailand for charges of embezzelling up to $2 billion (figures vary from as low as $88 million) from the country's Bangkok Bank of Commerce. He made an initial payment of $1.5 million before he was arrested by Canadian authorities for having a fake passport. [2] (http://www.wsws.org/news/1988/sier-m14.shtml)
Sandline's international chairman at the time was Anthony Buckingham who was a major shareholder in Diamond Works Ltd., a diamond company with six mines in Sierra Leone. He is also a founder of Executive Outcomes. Perhaps this is what prompted Saxena to pay Spicer a $70,000 consulting fee to prepare an appraisal of the situation in Sierra Leone. [3]
(http://www.parliament.the-stationary-office.co.uk/pa/cm199899/cmselect/cmfaff/116/116app11.htm) [4] (http://caat.org.uk?information/issues/mercenaries-1999.php#3)
Retrieved from "http://www.sourcewatch.org/index.php?title=Rakesh_Saxena"
PS: You heard about this first from Ajor, not the hypers on this thread. Notice my outside sources, not hearsay from people with vested interests.
BIGN: $0.025
Ajor1
Ivan Carvic (notice the mention of the notorious Rakesh Saxena):
Regarding Mr. Ivan Carvic, he comes up in a legal document with other players from BIGN including Americo de Rossa. Now Kelly shows up in other places with Americo, (NADE > TGVI > NDCLF) so this is not good, IMO. It seems to stink around here.
***Taub’s Involvement with Rakesh Saxena
10. During the Material Time, Taub opened numerous accounts at Brant Securities Ltd.
(“Brant”) for the following individuals and entities:
a. Tidewater Management Corp., (“Tidewater”), a corporate entity controlled by
Rakesh Saxena, (“Saxena”). Saxena was referred to Taub by another one of
Taub’s clients, Harvey Rubenstein (“Rubenstein”);
b. Amrit Sarup, (“Sarup”) who is Saxena’s mother. Saxena had trading authority
over Sarup’s account;
c. Rubenstein;
- 6 -
d. Ivan Cavric, (“Cavric”) a business associate of Saxena and Rubenstein whom
Taub considered to be the “dealmaker” for these individuals;
e. Fred Kimber, (“Kimber”), a business associate of Cavric.
f. Americo de Rosa, (“De Rosa”), a business associate of Cavric.
g. Join Kind Ltd., (“Join Kind”), a corporate account over which Saxena had trading
authority.
11. Tidewater, Saxena, Sarup, Rubenstein, Cavric, Kimber, Rosa and Join Kind engaged in
trading activity which appeared to be or was consistent with market manipulation or
deception. Trading activity in the securities of Wavetech Networks Inc. (“Wavetech”),
Millenium Equities Limited (“Millenium”), Digital Cybernet Corporation (“Digital”) and
Armac Capital Corp. (“Armac”) exhibited characteristics that should have caused to Taub
to ensure that the trading activity was not manipulative or deceptive.***
http://www.offshorebusiness.com//message_board_detail.asp?id=16653&page=1
Document:
http://www.ida.ca/Files/Enforcement/HearingAndParticulars/HP200510210_en.pdf
BIGN: $0.025
Ajor1
BIGN Insiders list: As of 12-31-04, the only date this info is given, the ownership in BIGN is as follows:
Shareholders holding more than 5% of any class
Ivan Cavric 7 %
Americo DeRosa 13 %
CDS & CO 26 %
South Concord Corporation 6 %
CEDE & CO 36 %
Primequest Financial 10 %
Source:
otcstockinfo
Officiers and directors as listed on the same form:
Gary Kelley President, CEO and Director
Tel # 519-576-1839 Email j.kelley@rogers .com
1061 Queens Blvd. Suite 704, Kitchener ON N2M 1C1
Paul Smith Vice President, CEO, CFO and Director
Tel # 905-481-2533
Beamsville, ON
E. Peter Rowe Director
Ian M Colquhoun Director
Jean Claude Bonhomme Director
Cynthia DeMonte DeMonte Associates, Public Relations
Tel # 212-605-0525 Email cdemonte@aol .com
Peter Tuovi Independent Counsel
Tel # 416-258-8422 Email ptuovi@tuovi .com
116 Spadina Ave. Suite 101, Toronto ON M5V 2K6
Raymond Tisi Independent Auditor C.A. and Advisor
Tel # 905-788-2030 Email ray@rtisi .ca
247 East Main St., Welland ON L3B 3Y5
Americo DeRosa Advisor
Tel # 905-984-0414 Email rickderosa@hotmail .com
692 Penner St., Virgil ON L0S 1T0
BIGN: $0.025b
ajor1
No good news. 280 mil shares of dec 31. How many now? EOM