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I wish we would get a PR of the start of wells 2 & 3. We all know well 1 is a moot point. Smoewhat OT, but I've been watching Black Gold and it is obvious that you better have very deep pockets to be in this game. We will live and die by our ability to raise capital to drill. My main concern is that if we do not have a hit and start generating revenue it will be extremely difficult to be a player in this game. The economy is suffering and it will be increasingly difficult to find investors to front the capital to a small time operation. We are on borrowed time and money and need a successful well in the worst way.
Nothing is moving this SP. It is unfortunate. Not sure what it will take??
Victory had 2%. BFD.
We need an update on wells 9, 11, and 12. All these other PR's are fluff, but welcomed. Anyone know when we should hear??
I wish we knew too. At least it may provide a forecast on our next 2 wells. I would assume that Tom will be able to release news once the operator authorizes it. We really need a hail Mary here!!
That is true. Hate to see us pushing new lows today. Our 2 wells can't start soon enough. Do you think the decline in our SP has anything to do w/ the results of well #1?? Wish we knew who the operator was.
Dug but we have no idea of the results! It will be better when Tom PR's the start of 2 wells we have an interest in. Until then it is meaningless.
Overblown. He paid $350 and got his hand slapped. It is not as big as some would like you to think.
Wells producing oil and gas will. Those are the PR's we need.
Welcome. We have had a flood of good news and the SP has yet to react. I like the the lates news on the horzontal drilling. This may be the kick we need!
We are due news on the deeps. Lets hope we have a hit. That would really bode well for our revenue and credibility.
Showed up today.
Tom, are you able to disclose the operator so that we can monitor their website for any PR's/news that they may disclose?
Thanks for the update and good luck. I sure hope #2 and #3 are a hit.
Maybe the holiday slowed progress. We really need a hit to validate PIP and that will help financing and the completion of future projects. I know we have no interest, but we need to be a part of a successful drill to establish any momentum.
Folks, what will it take to get this SP moving in the right direction? Any thoughts on when we will get a PR on the deep wells? This dog just won't hunt! What is the issue??
Dragon, any thoughts on when we will have a PR on well #1? Tom thought we'd be to depth last Thursday per his post. We need this one.
We need all the help we can get.
Got to have a big hit plain and simple.
Bought on Monday. Helped me average down. I hope this is worth it as I've lost a ton on paper. Maybe the tide has turned???
Despite the glowing news they put out this dog won't hunt anymore. A big oil find may change the game a bit, but I doubt it. Seems to be major problems w/ credibility here. Same song different ticker symbol. I learned my lesson and will never invest in these scams again. I got fried over at EDEX, therefore I'm dumb not only once but twice! These guys are all the same. Deliver no return to the investor and they live high on the hog and the SEC could care less.
Dragon:
OT, I work for BB&T. Strong divi and we will climb out of the hole faster than other banks as our exposure to the subprime mess is limited. We have some residentail/Commercial construction exposure, but at least we are in the mid-atlantic/South which has fared pretty well.
We are all feeling some pain right now. We need a successfull well in a big way to turn us back up. Lets hope this is a start.
WTF? People are selling at this level??
Dragon, we finally have news of progress and the SP is going backwards. I have to say I'm concerned by this. Do you have any insight as to why this is happening? I'm being dead serious here. Do you think we have to have a confirmed hit before we see a run? I'm asking your true opinion about our potential here.
Anyone buying?? Thought we'd see some volume today and possibly a bounce off the news!
Nellie, we've been here a long time! We really need a hit to get credibility and momentum. This may be the start??
I told you it was coming Dragon. If we hit I will change my outlook. Again, I'm cautiously optimistic. We'll see how the SP reacts. We have to hit though to make a splash.
Lets see what the rest of the week brings. I hope we have seen the bottom. Good news may be a breath of fresh air and stimulate some buying. Again, I say this with trepidation.
Rumblings of news forthcoming and I believe it to be positive. I would not post if it was not from a reliable source (not Tom). I know my tone has been harsh and I stand by my words based on where we are at today. I sense from my conversations that there is movement and news around the corner. It could be good.
If financers are basing their decisions on my posts then we are worse off then I thought.
Wake up and look at the SP. I could do no worse and that is a fact. Drop your pom poms and wake up. Your investment is worthless and Tom has not delivered or lived up to the promises made to you. Stop carrying his water! He is the President of this company and the buck stops with him. He deserves the criticism because he is the one accountable. His name is on the door. My tone will not change until he proves me wrong. Your outlandish predictions of .80 look more rediculous every day.
Agreed. It just pains me every day that comes and goes with no news and I can't help voice that. I know most of us feel the same way.
Where is the official PR of any of this??
Blah Blah Blah
No news on the deep wells or oil sample. The fleecing continues.
Tom posted on 5/29 that "drilling will begin in 1 week in Illinois,there will be 3 wells, and the results will close several funding prospects". Today is 6/20 and there is absolutely no news. Should we assume no drilling has commenced, therefore we are no closer to any funding because there are no results to report? Why are shareholders selling at sub-penny? Does Tom have any credibility when the timelines he puts out only come and go and we never hear anything again. What happened to Mesa? What happened to Nebraska? What is happening in Illinois?
Where is our Prince?
BB Status?
Illinios??
Nebraska???
New Mexico????
Prince by July?????
Same old story. Nothing changes but the SP drops and that is no spin. There is the term "scoreboard" in sports. It represents that the score is the bottom line!! Right now our scoreboard reads zero and you can't spin that.
These guys do it because they can. They are in the shadows and the SEC is not concerned. They regularly fleece investors and close shop only to open back up and do it again. The penny world is chock full of them.
We were due news on 6/12 of the results of the oil sample taken on the 9th well. No news as of yet. Draw your own conclusion.
We have no updates on the 11th well (Deep Strawn) or the 12th well (Canyon Sandstone). Draw your own conclusion.
SP is not moving at all....Draw your own conclusion.