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That is what I suspected from looking through old PR's, but nothing I could find came out and stated it. I just assumed the PR's were talking about the same site.
Given this, does it seem possible that the first well was already drilled as stated in April, and they are in the process of installing the rig (as shown by the pictures)? Or was the well stated in April simply an exploration well? Regardless, it's nice to at least see "some" follow up on an original plan by NWOL.
Thanks euddoggwyn.
I don't know, but I was going by the caption under the first photograph in today's PR regarding Saratov region:
"Equipment installation on Shalinsky license field of “Neftegazenergo” company"
On the face, it would appear they are synonymous. Anyone else care to chime in?
This is what I'm confused about. They announced in April that the first of two wells was drilled.
http://biz.yahoo.com/iw/070424/0243032.html
On July 25th, they announced that they had received a permit to start drilling the second well in August.
http://biz.yahoo.com/iw/070725/0282279.html
Then, today, we are back to drilling the first of two wells again.
http://biz.yahoo.com/iw/071004/0310942.html
The predicted production numbers appear to have remained the same all the way through, but I thought the first well had already been drilled. Anyone care to speculate?
Oh no, I'm not embarrassed at all! I was just reflecting on my own actions for bit, since I don't understand it myself. Feel free to ignore the last part! :)
I do wish, however, that I had not let my emotions get the better of me on this one. A good reminder that "when it seems to good to be true, it probably is."
Bigrgub, I agree with you.
Gene went into this with a full head of steam and made some really awful mistakes. I don't doubt that he knows the music business, and with time, I think he'll be able to get a better handle on running a public company. It's surely not an easy task, but right now, that's the gamble I'm taking.
Among other things, I'm really disappointed that we lost the USS New York project. Like a lot of people, I jumped in this to play the short squeeze. I stayed in because of that project, but I also liked the people that Gene surrounded himself with to help run the company.
Right now, the Christmas album is the only thing I see as a possible revenue generator. Even so, I'll take that with a grain of salt until it actually hits the shelf. Also, while not a country music fan myself, I just don't see a Christmas compilation album generating ground breaking revenues. As long as we can cover costs and generate some kind of profit, I'll be happy. At this point, I'm considering everything said by this company to be fluff until proven otherwise.
I sold half my position a couple of weeks ago to minimize risk. I would like nothing more than to have the company take the right steps and make me regret that decision down the road.
On a side note, I find it funny that I even participate in discussions regarding Pinks and OTC stocks. I own big board stocks as well, and I've never felt the need to discuss those purchases, or justify why I bought them. Why do we have to participate in discussions on THESE stocks? Are we really just doing DD or are we trying to convince ourselves that we bought shares in an honest company? I dunno, but the latter scares the crap outta me! :)
GL everyone, and sorry for the long post.
Forgive me if this was already brought up, but what significance does October 15th have?
We're supposed to be getting a PR either this week or next, right?
Even though there are still people who are unable to trade their shares, I find it quite amazing that we are up over 30% so far today.
I'm hoping they hold off until next year, but I gotta say, it is pretty refreshing to be in an OTC stock that isn't daytraded into oblivion!
Yup, but I think there's still a lot of upside to be seen on this one.
Does anyone have a good faith estimate of how long it may be before we see anything regarding the patents?
Dragon man, the argument that a lot of people have is that this price isn't going to hold up due to <enter your personal reason here>. Price alone will not be enough to move this to a higher exchange. They need audited financials, regular reporting to the SEC, and for god sakes, a little transparency into what the H--- is going on over there!
eik, thanks for the laugh! :)
You mean NWOL?
Well, I don't have the answers to your questions, but here is my opinion.
They are just waiting for the SEC to finish, so my guess is "soon." As far as how much this should affect the PPS, your guess is as good as mine. I would hope that the share price would see some appreciation, but that really depends on the amount of interest the news generates.
I no longer hold a position in this stock, but I like the company, so I try to keep an eye on it. I am waiting for them to uplist like everyone else, I just chose to sideline my position until I feel comfortable getting back in.
GLTU
Uplisting to OTCBB. I'd say that is pretty substantial...
Tatiana the new email girl?
A "knock our socks off" PR would be nice. Can anyone forsee a benefit in releasing it after hours today?
I decided to take up a small position today, so now I'm with you folks :)
Thanks for the input Chevy. I just finished up the iBox, and am going through old posts now.
Ok, I'm just starting my DD, but the share structure looks appealing so far.
Hey Chevy,
What's the story with this one? Expecting news soon?
Ohhhh, that was mean ;)
I already did! :)
Actually, I think it was Alex_S who originally brought that to the board:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21845762
Also from the mysterious Alex_S:
"The realization of the joint project in development of oil-and-gas sector with one largest State Russian company supposed to start in September this year… "
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21703082
September "ain't quite over yet", so I guess we'll see if the prediction holds up.
I've put in a sell order for the past 3 days at .01, but not once has it been reflected in the B/A price. Any idea why?
Gene/Dave,
I hope you realize by now, that the silent treatment isn't working. Thanks so much for driving this stock into the toilet. Don't forget to flush!
What a bunch of BS...
I'm happy that you realize it is "partially" your fault, but I SURE HOPE you have a plan to fix this godforsaken mess.
To the board, sorry I'm not exactly ecstatic that the rug was pulled out from under our feet. We've been taken for a ride, and I can't believe more people aren't upset.
Who else just dumped? OUCH!
I'm going to at least wait until news comes out. No sense selling today.
504D buyback brought me here
USS New York made me stay
Both turned up empty...
What else you got for me Nashville??????
Unbelievable...
Yes, but it was purely one-sided. (They didn't respond to my email) :)
Chevy took the share counts out of the IBox for privacy.
Buy three times as much stock as you really want?
Sounds like a recipe for disaster to me!!! Why on Earth would you ever do that, especially on a Pinkie, if you knew a reverse split was coming "soon?" Price "may not hold?" You can bet on that!
Nonsense...
Nope, I sent one yesterday, but no response.
Hehe, I wish! I just thought we needed some lightening up in here (myself included)
Thanks for the info! Looking forward to the next couple of weeks (again).
OT: Monkey mouth
A horrible taste in your mouth the morning after a heavy drinking session. Can be made worse by additions of:-
-Kebab
-Tobacco
-Pizza
" I have bad case of monkey mouth this morning"
http://www.urbandictionary.com/define.php?term=Monkey+mouth
Thanks eik.
So, now if these shares are indeed Restricted, what are they being used for?
P.S. Forgive me if this has already been hashed out, I'm trying to catch up.
Has anyone had any luck emailing Jane? I'm going to try again today.
I agree with you that it will be a year or more before we see definitive results, however, revenues from the Christmas album should start in November when it hits market. Also, songs for the USS New York project will be released this Fall, during the unveiling ceremonies. I'm not saying it will make a lick of difference, but assuming the company is still on track, we should begin to see some sort of revenues before years end.
Then again, who knows? An official update PR would be nice.
Chevy, thanks for the update!
NSHV is becoming a nasty lesson in Murphy's Law. I'm actually looking forward to the coming weeks.
Lastly, my best wishes for a speedy recovery for David. Surgery always presents the risk of infection, so hopefully he'll make it through okay.